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. Elastography, simply put, is a
medical imaging mode that maps the stiffness & elastic properties
of soft tissue. 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. Such
factors, according to the recent MRFR report, include the growing
demand for effective therapies for treating complicated disorders,
changes in regulatory policies, increasing incidence of life-threatening
diseases, and burgeoning demand for procedures that are minimally
invasive to diagnose as well as treat various chronic diseases.
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On the contrary, the high price of systems may limit the global elastography imaging market growth over the forecast period.
Segmental Analysis
The
segmental appraisal of the elastography imaging market is carried out
on the basis of modality, application, end-user, and region. The
application segment of the elastography imaging market comprises of
orthopedic & musculoskeletal applications, cardiology,
obstetrics/gynecology, radiology/general imaging, urology, vascular, and
others. The region segment of the elastography imaging market comprises
of the Americas, Europe, the Middle East, Asia Pacific, and Africa. The
modality segment of the elastography imaging market comprises of
magnetic resonance and ultrasound elastography. The end-user segment of
the elastography imaging market comprises of research laboratories,
hospitals & ambulatory surgical centers, and diagnostic centers.
Regional Analysis
By
region, the global elastography imaging market report covers the growth
opportunities and recent trends across Europe, the Americas, the Middle
East & Africa (MEA), and the Asia Pacific (APAC). Of these, the
Americas will have the lions share in the market over the forecast
period. Factors adding to the global elastography imaging market growth
in the region include the increasing use of new technology, rising per
capita healthcare expenditure, and increasing expenditure by healthcare
bodies in research. Canada and the United States are the key
contributors in the region for improving reimbursement scenario and a
rise in insurance coverage.
The
global elastography imaging market in Europe is predicted to hold the
second-largest share over the forecast period for the involvement of top
companies, rise in chronic diseases, and the presence of an established
healthcare system.
The
global elastography imaging market in the APAC region will have steady
growth over the forecast period for the favorable initiatives undertaken
by the government for healthcare reforms and the rising prevalence of
chronic diseases. Meanwhile, a fall in capital investment may hinder the
market growth.
The
global elastography imaging market in the MEA will have a small share
during the forecast period for the region’s low disposable income and
limited access to medical treatment facilities.
Competitive Analysis
The
competition in the market is estimated to flare-up following the
disruption created by the COVID- pandemic. The emphasis on ensuring
sustainability in long-term operations is estimated to be a key cause
for development in the upcoming period. The trends in the market are
estimated to bolster the progress in the worldwide market. The tendency
to invest and expand capacities is estimated to create a promising scope
for the market in the impending years. The change in several
regulations that are running the development of the market is estimated
to impact the innovations that can be seen in the global market. The
increased contribution of online channels towards the swell in
transactions is predicted to further encourage the advancement of the
market in the future. The government intervention in the creation of
opportunities that can incentivize the development of key regions in the
market is predicted to further add an optimistic touch to the
proceedings in the market. The market is appraised to be stimulated by
an increased development upsurge that is bracing the contenders who are
active in the market.
The
eminent contenders in the elastography imaging market are Esaote,
Siemens AG, Supersonic Imagine, Fujifilm Holdings Corporation,
Resoundant Inc., Hitachi Ltd., Koninklijke Philips N.V., Mindray Medical
International Ltd., Samsung Electronics (Samsung Medison), Canon
Medical Systems Corporation, and General Electric Company.
Industry Updates:
Nov 2020
Resoundant Inc., has declared that it has arrived into a strategic
collaboration with United Imaging Healthcare to commence offering
advanced magnetic resonance elastography (MRE) on the foremost United
Imaging MRI systems. United Imaging’s mission includes a devotion to the
newest innovations and guaranteeing their accessibility globally. The
company’s sole “all in” model features the uppermost priority
applications desired to encounter day-to-day workflows. The addition of
MRE as an essential product will demonstrate this standard, as it has
developed into a vital clinical tool for non-invasively assessing liver
fibrosis globally.
Dec 2020 Hologic,
Inc. has announced 3D ultrasound imaging is now presented on the
SuperSonic MACH 40 ultrasound system. Clinicians can now open
high-resolution B-mode and ShearWave PLUS elastography 3D volumes, which
are intended to improve diagnostic sureness. With the 3D volumetric
data attained on the SuperSonic MACH 40 system, clinicians can see parts
of interest from a new viewpoint.
Key Players
Leading
players profiled in the global elastography imaging market report
include General Electric Company, Supersonic Imagine, Samsung
Electronics (Samsung Medison), Koninklijke Philips N.V., Mindray Medical
International Ltd., Resoundant Inc., Hitachi Ltd., Esaote, Fujifilm
Holdings Corporation, Siemens AG, and Canon Medical Systems Corporation.
LIST OF TABLES
Table 1 Global Elastography Imaging Market Synopsis, 2020-2027
Table 2 Global Elastography Imaging Market Estimates and Forecast, 2020-2027 (USD Million)
Table 3 Global Elastography Imaging Market, by Modality, 2020-2027 (USD Million)
Table 4 Global Elastography Imaging Market, by Application, 2020-2027 (USD Million)
Table 5 Global Elastography Imaging Market, by End User, 2020-2027 (USD Million)
Table 6 Global Elastography Imaging Market, by Region, 2020-2027 (USD Million)
Table 7 North America: Elastography Imaging Market, by Modality, 2020-2027 (USD Million)
Table 8 North America: Elastography Imaging Market, by Application, 2020-2027 (USD Million)
Table 9 North America: Elastography Imaging Market, by End User, 2020-2027 (USD Million)
Table 10 US: Elastography Imaging Market, by Modality, 2020-2027 (USD Million)
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