Market Highlights
It is estimated that the global elastography imaging market is expected to register a CAGR of 11.1% during the forecast period of 2019 to 2025, with a market value of USD 2,538.2 million in 2018.
Elastography is a medical imaging method that plots the elastic properties of soft tissue to stipulate the diagnostic data during surgery. The elastography imaging market is fueled by numerous factors such as growing demand for minimally invasive procedures to diagnose and treat different chronic diseases, along with the rising prevalence of life-threatening diseases. However, the high cost of the systems is expected to curb the growth of the elastography imaging market.
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The global elastography imaging market is currently dominated by numerous market players. The key players are involved in new product launches and strategic collaborations to strengthen its market position. For instance, in February 2019, Esaote launched the MyLabX8, an ultrasound platform to support hospitals and clinics. Also, in November 2018, Canon Medical Systems Corporation introduced Contrast Vector Imaging (CVI) to provide additional information on liver hemodynamics and expand the use of contrast-enhanced ultrasound on its premium ultrasound system.
Segmentation
The global elastography imaging market has been segmented based on modality, application, and end user.
The market, based on modality, has been bifurcated into ultrasound, and magnetic resonance elastography. The ultrasound segment is expected to hold a major share in the market, owing to the high advantages of this type of modality. The magnetic resonance elastography segment is anticipated to be the fastest growing due to the wider availability and rising adoption rate.
The market, by application, has been divided into radiology/general imaging, cardiology, obstetrics/gynecology, urology, vascular, orthopedic & musculoskeletal applications, and others. The radiology/general imaging segment is expected to hold a major share owing to the increasing occurrences of chronic diseases throughout the globe. The cardiology segment is expected to be the fastest growing one due to the increased patient population in recent years.
The market, by end user, has been classified as hospitals & ambulatory surgical centers, diagnostic centers, research laboratories, and others. The hospitals & ambulatory surgical centers segment is anticipated to hold a major share in the market. This is due to the increasing number of hospitals as well as the increased number of hospitalizations. The diagnostic centers segment is expected to boom and becomes the fastest growing market due to the increased patient preference and inclination towards the diagnostic centers.
Key Players
Some of the key players in the global elastography imaging market are Canon Medical Systems Corporation, Siemens AG, Fujifilm Holdings Corporation, Esaote, Resoundant Inc., Hitachi Ltd., Mindray Medical International Ltd., Koninklijke Philips N.V., Samsung Electronics (Samsung Medison), Supersonic Imagine, and General Electric Company.
Regional Analysis
The market in the Americas is likely to lead the global elastography imaging market during the assessment period owing to the increasing per capita healthcare expenditure, and the heavy adoption of new technology in the region. Additionally, the increase in the insurance coverage and improving reimbursement scenario in the US and Canada are also projected to drive the growth of the market.
Europe is expected to hold the second largest position in the global elastography imaging market. The market growth in this region is because of the presence of a well-established healthcare system, an increase in life-threatening diseases, and the active involvement of major players. For instance, in May 2017, Esaote expanded its ultrasound sales team in the UK.
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Market Analysis The global elastography imaging market is estimated to grow at an 11.1% CAGR between 2019-2025, reveals the new Market Research Future (MRFR) report.
Owing to its magnificent features, elastography imaging has wide applications in orthopedic and musculoskeletal applications, vascular, urology, obstetrics/gynecology, cardiology, radiology/general imaging, and others.Numerous factors are adding to the global elastography imaging market growth.
On the contrary, the high price of systems may limit the global elastography imaging market growth over the forecast period.
By modality, the elastography imaging market is segmented into magnetic resonance elastography (MRI) and ultrasound.
Meanwhile, magnetic resonance elastography will grow at the fastest pace for its increasing adoption rate and wider availability.
By application, the elastography imaging market is segmented into orthopedic and musculoskeletal applications, vascular, urology, obstetrics/gynecology, cardiology, radiology/general imaging, and others.
According to research report the Elastography Imaging Market is expected to grow from USD 2.5 billion in 2018 to USD 4.6 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 11.0% during the forecast period.
Ask for Free PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107232051 The major driving factors in the elastography imaging market are growing incidence of breast cancer and chronic liver diseases, and a rising preference for minimally invasive procedures across the globe.
The Asia Pacific elastography system market, particularly comprises Asian countries (such as India, China, South Korea, Japan, and Indonesia, among others) and Pacific countries (such as Australia, New Zealand, and Fiji, among others).
Emerging Asia Pacific countries, such as India, China, Japan, South Korea, and Indonesia, are witnessing increasing per capita healthcare expenditure and rapid expansion and the modernization of their respective healthcare infrastructure.
The hospitals, surgical & diagnostic centers segment, by end user, is projected to occupy the majority of the elastography system market share and grow at the fastest rate during the forecast period.
Based on end user, the global elastography imaging market is segmented into hospitals, surgical & diagnostic centers; ambulatory surgical centers; and other end users.
A Elastography Imaging Market is a specialized method of diagnosis of soft tissues of patients.
This detection of softness or hardness results in isolating identifying any disorders with the patient.
This imaging technique is utilized majorly in ultrasound or MRI to provide a visual image of the diagnostic area.
It is a minimally-invasive diagnostic technique for detecting cancerous cell unlike biopsies which are generally quite painful.Global elastography imaging market is expected to rise to an estimated value of USD 6.54 billion by 2026 registering a healthy CAGR in the forecast period of 2019-2026.
This rise in the market value can be attributed to the increasing preference of undergoing minimally invasive diagnostic procedures, coupled with a number of product approvals in the market.FREE | Get a Copy of Sample Report Now!
@https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-elastography-imaging-marketMarket Drivers and Restraints:Increasing prevalence of liver disorders along with an increase in breast cancer cases; this factor is expected to drive the growth of the marketPain-less accurate diagnostic imaging process of these imaging systems is expected to foster growth of the market valueIncreased demand from the Asia-Pacific region due to the authorities taking steps to utilize screening/imaging of the population; this factor is expected to drive the growth of the marketWith the development of shear wave elastography technique, operators can be dependent on advance equipment to help repeat the same accurate diagnosis with little or no modifications to the method; this factor is expected to augment growth of the marketThe major players covered in the Elastography Imaging market:Few of the major competitors currently working in the global elastography imaging market are GENERAL ELECTRIC COMPANY; Koninklijke Philips N.V.; Siemens; CANON MEDICAL SYSTEMS CORPORATION; Hitachi, Ltd.; SAMSUNGHEALTHCARE.COM; FUJIFILM Corporation; Shenzhen Mindray Bio-Medical Electronics Co., Ltd.; ESAOTE SPA; Supersonic Imagine; Resoundant, Inc.; Advanced Instrumentations; BK Medical Holding Company, Inc. and SonoScape Medical Corp., among others.Major TOC Of The ReportChapter One: Elastography Imaging market OverviewChapter Two: Manufacturers ProfilesChapter Three: Global Elastography Imaging Market Competition, by PlayersChapter Four: Global Elastography Imaging market Size by RegionsChapter Five: North America Elastography Imaging market Revenue by CountriesChapter Six: Europe Elastography Imaging market Revenue by CountriesChapter Seven: Asia-Pacific Elastography Imaging market Revenue by CountriesChapter Eight: South America Elastography Imaging market Revenue by CountriesBrief about Elastography Imaging Market Report with TOC@ https://www.databridgemarketresearch.com/toc/?dbmr=global-elastography-imaging-marketKey Report HighlightsComprehensive pricing analysis based on different product types and regional segmentsMarket size data in terms of revenue and sales volumeDeep insights about regulatory and investment scenarios of the global Elastography Imaging marketAnalysis of market effect factors and their impact on the forecast and outlook of the global Elastography Imaging marketThe detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Elastography Imaging marketA roadmap of growth opportunities available in the global Elastography Imaging market with the identification of key factorsThe exhaustive analysis of various trends of the global Elastography Imaging market to help identify market developmentsKey Questions Answered in Report:What is the key to the Elastography Imaging market ?What will the Elastography Imaging market Demand and what will be Growth?What are the latest opportunities for Elastography Imaging market in the future?What are the strengths of the key players?Find the comprehensive Elastography Imaging Market research report here with a single click at@https://www.databridgemarketresearch.com/reports/global-elastography-imaging-marketAbout Us:Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches.
Market HighlightsIt is estimated that the global elastography imaging market is expected to register a CAGR of 11.1% during the forecast period of 2019 to 2025, with a market value of USD 2,538.2 million in 2018.Elastography is a medical imaging method that plots the elastic properties of soft tissue to stipulate the diagnostic data during surgery.
For instance, in February 2019, Esaote launched the MyLabX8, an ultrasound platform to support hospitals and clinics.
Also, in November 2018, Canon Medical Systems Corporation introduced Contrast Vector Imaging (CVI) to provide additional information on liver hemodynamics and expand the use of contrast-enhanced ultrasound on its premium ultrasound system.SegmentationThe global elastography imaging market has been segmented based on modality, application, and end user.The market, based on modality, has been bifurcated into ultrasound, and magnetic resonance elastography.
The ultrasound segment is expected to hold a major share in the market, owing to the high advantages of this type of modality.
The magnetic resonance elastography segment is anticipated to be the fastest growing due to the wider availability and rising adoption rate.The market, by application, has been divided into radiology/general imaging, cardiology, obstetrics/gynecology, urology, vascular, orthopedic & musculoskeletal applications, and others.
The cardiology segment is expected to be the fastest growing one due to the increased patient population in recent years.The market, by end user, has been classified as hospitals & ambulatory surgical centers, diagnostic centers, research laboratories, and others.
