What Is The Current and Historic Market Size Analysis Of The Elastography Imaging Market?
The elastography imaging market has seen considerable growth due to a variety of factors.
•The market size for elastography imaging has seen robust growth in recent years. The market is projected to expand from $3.56 billion in 2024 to $3.91 billion in 2025, with a compound annual growth rate (CAGR) of 9.6%.
The growth observed in the historic period is due to factors such as clinical validation and acceptance, the introduction of shear wave elastography, the expansion of imaging beyond the liver, and the development of software and algorithms.
What Are The Predictions for The Elastography Imaging Market Size In The Coming Years?
The elastography imaging market is expected to maintain its strong growth trajectory in upcoming years.
• We anticipate the elastography imaging market to experience fast-paced growth in the coming years, with the market predicted to reach $5.8 billion in 2029, growing at a compound annual growth rate (CAGR) of 10.4%.
The expansion during this forecast period could be due to elements like market proliferation, worldwide healthcare advancements, cost-effectiveness, affordability, and a surge in demand for non-intrusive diagnostic methods, along with clinical acceptance and incorporation. The forecast period will also witness noteworthy trends such as clinical developments, integration of shear wave elastography (SWE), real-time imaging, multimodal imaging collusion, along with growth in clinical applications.
Which Drivers Are Accelerating Growth In The Elastography Imaging Market?
The increasing occurrence of chronic liver and breast cancer is anticipated to stimulate the expansion of the elastography imaging market. Chronic liver and breast cancer are conditions where the cells in the liver multiply uncontrollably, leading to potentially fatal diseases. An ultrasound-based method known as elastography is commonly used in hepatology to measure liver stiffness in people with chronic liver disease. Therefore, the escalating number of chronic liver and breast cancer cases are seen as favourable for the growth of the elastography imaging market. For example, information released in the 'Cancer Facts and Figures 2023' report by the American Cancer Society, a voluntary health organization in the US, stated that the number of newly diagnosed liver and intrahepatic bile duct cancer cases among women reached 13,230 in 2023 in the United States. As a result, the growing rates of chronic liver and breast cancer are propelling the growth of the elastography imaging market.
What Are The Core Segments Of The Global Elastography Imaging Market?
The elastography imaging market covered in this report is segmented –
1) By Modality: Ultrasound, Magnetic Resonance
2) By Application: Radiology, Cardiology, Obstetrics, Urology, Vascular, Orthopedic and Musculoskeletal, Other Applications
3) By End Use: Hospitals, Ambulatory Surgery Centers, Other End Uses
Subsegments:
1) By Ultrasound: Shear Wave Elastography (SWE), Strain Elastography, Acoustic Radiation Force Impulse (ARFI) Imaging
2) By Magnetic Resonance: Magnetic Resonance Elastography (MRE), Diffusion-Weighted Imaging (DWI) With Elastography, Dynamic Contrast-Enhanced Imaging With Elastography
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Which Emerging Trends Are Reshaping The Elastography Imaging Market Size?
The trend of utilizing technologically sophisticated elastography imaging devices is becoming increasingly prevalent in the elastography imaging market. In order to maintain their competitive advantage, top firms in this sector are concentrating their effort on these advanced devices. For example, Mindray Medical International Limited, a medical instrument manufacturer based in China, launched the Resona I9 Ultrasound Machine in May 2022. This Shear Wave Elastography (SWE) system comes equipped with an iConsole control panel and customizable E-Ink keys, all powered by a battery that lasts for two hours. The Resona I9 boasts impressive features such as high-resolution imaging, tissue uniformity, and sharp imaging, thanks to Mindray's innovative ZONE Sonography Technology+ (ZST+). With shear-wave elastography employed in I9, enhanced frame rates, refresh rates, and smoother transitions can be achieved.
Who Are the Key Players in the Elastography Imaging Market?
Major companies operating in the elastography imaging market include:
• Canon Medical Systems Corporation
• Esaote S.p.A.
• GE Healthcare Technologies Inc.
• Koninklijke Philips N.V.
• Mindray Bio-Medical Electronics Co. Ltd.
• Samsung Medison Co. Ltd.
• Siemens Healthineers AG
• Clarius Mobile Health Corp.
• Toshiba America Medical Systems Inc.
• SuperSonic Imagine
• Resoundant Inc.
• Shimadzu Corporation
• BK Medical Holding Company Inc.
• SonoScape Medical Corp.
• Philips Healthcare
• Hitachi Medical Systems
• Fujifilm Holdings Corporation
• Analogic Corporation
• Exact Imaging Inc.
• Echosens
• Konica Minolta Healthcare Americas Inc.
• Arterys Inc.
• Fovia Medical Inc
• QT Ultrasound LLC
• Healcerion Co. Ltd.
• EDAP TMS Inc.
What are the Regional Insights into the Elastography Imaging Market?
Asia-pacific was the largest region in the elastography imaging market in 2024. The regions covered in the elastography imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
