The Global Elastography Imaging Market Size is valued at 2.26 billion in 2023 and is predicted to reach 3.98 billion by the year 2031 at a 7.4% CAGR during the forecast period for 2024-2031.
The demand for less invasive medical procedures is expected to increase significantly between 2023 and 2032, which would boost the market for elastography imaging. A non-invasive medical imaging procedure called elastography is used to assess the body's organs' and other structures' rigidity. The speed at which vibrations go through the organs is examined using ultrasound or magnetic resonance imaging.
The elasticity or stiffness of the liver and other organs including the thyroid, breast, and prostate are then visualized using this data. It is anticipated that as the prevalence of chronic diseases including cardiovascular disease, obstetrics/gynecology, urology, and others rises, so will the demand for minimally invasive procedures. Potential uses for elastography include the early diagnosis of tumors. It can be used successfully to precisely find small gland nodules. As a result, elastography is anticipated to be used more frequently in preventative healthcare.
The market is anticipated to grow over the projected period as a result of an increase in the number of active studies evaluating prospective uses of elastography. Numerous of this research also examine ophthalmic applications, such as oculomotor muscle characterization and corneal mechanical property evaluation.
Recent Developments:
- In May 2022, HiFR Sound Touch Elastography was a component of the Resona I9 Advanced Technologies introduced by Mindray. It made it possible for quicker refresh rates and smoother transition times for more reliable acquisition and evaluation during live 2D shear wave imaging.
- In March 2022, Real-time Tissue Elastography (RTE) and Shear Wave Measurement (SWM), which color-code and quantify tissue stiffness, respectively, are two new ultrasound technologies from FUJIFILM Healthcare Europe that support comprehensive diagnoses of hepatic diseases like hepatitis, hepatic fibrosis, and hepatic cirrhosis.
Competitive Landscape:
Some of the Elastography Imaging Market Players:
- Canon Medical Systems Corporation
- Esaote SpA
- Fujifilm Corporation
- GE Healthcare
- Supersonic Imagine
- Hologic, Inc
- Koninklijke Philips N.V.
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- Resoundant, Inc
- Siemens
Market Segmentation:
The Elastography Imaging market is segmented on the basis of modality, application, and end-user. The modality segment includes ultrasound and magnetic resonance. The application segment includes Radiology/general imaging, OB/GYN, cardiology, urology, vascular, orthopedic and musculoskeletal applications, and Other applications. The end-user segment includes hospitals, surgical centers, diagnostic centers, ambulatory surgical centers, and other end-users.
Based On Modality, The Ultrasound Segment Is Accounted As A Major Contributor In The Elastography Imaging Market
Due to characteristics like easy accessibility, rapid turnaround times, and easy pricing, the ultrasound segment is predicted to dominate the market. A gradual replacement for conventional ultrasound devices used for organ inspection and biopsy is ultrasonic elastography. During the projected period, such imaging equipment's painless, accurate diagnostic imaging is anticipated to help the market grow. The rising incidence of breast cancer among women is anticipated to raise demand for sonographic imaging, which can reveal breast lesions, as well as for ultrasound elastography imaging devices, which will propel market expansion.
Radiology Segment Witness Growth At A Rapid Rate
Due to the growing usage of elastography in radiology ultrasound and image-guided radiotherapy, the radiology segment is predicted to dominate the elastography imaging market in the years to come. Cancer diagnosis and/or treatment, abdominal conditions, and soft tissue injuries are among the general imaging applications of radiology.
In The Region, The North America Elastography Imaging Market Holds Significant Revenue Share
Due to the presence of numerous international companies, North America is predicted to hold the largest share of the elastography imaging market throughout the forecast period. Besides, the regional market is being driven by manufacturers' increased commercialization efforts and end users' expanding importance of using these systems in various nations. Over the projection period, Asia Pacific is anticipated to experience consistent growth as well.
The regional market is anticipated to be pushed by aspects like an ageing population, better healthcare services, and swift economic expansion. Due to the quick development of healthcare facilities, countries like China, Japan, and India have made a significant contribution to growth in the Asia Pacific region. Additionally, growing public knowledge of the therapeutic potential of ultrasound technology and the precise and quick results offered by these devices is helping the local market.
Elastography Imaging Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 2.26 Bn |
|
Revenue forecast in 2031 |
USD 3.98 Bn |
|
Growth rate CAGR |
CAGR of 7.4% from 2024 to 2031 |
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Quantitative units |
Representation of revenue in US$ Billion, and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends |
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Segments covered |
Modality, Application, And End-User |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia |
|
Competitive Landscape |
CANON MEDICAL SYSTEMS CORPORATION, Esaote SpA, Fujifilm Corporation, GE Healthcare, Supersonic Imagine, Hologic, Inc, Koninklijke Philips N.V., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Resoundant, Inc., and Siemens |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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