What is Ultrasound Elastography System?
The elastography-based imaging technique is a novel technology that works on the principle of alterations in tissue mechanical properties. The elastography technique is gaining momentum in recent years as it non-invasively assesses the amendment within the physical property of tissues that are detected and imaged. In numerous pathologies of the tissue, elastography yields qualitative and quantitative data in response to an applied mechanical force that's used for diagnostic functions. Elasticity imaging using ultrasound provides extra data over standard ultrasound like the stiffness of tissue. Elastography is a promising technology to spot tissue stiffness that causes changes within the mechanical properties of tissues and doesn't get imaged by the customary medical imaging devices like computed tomography (CT), traditional ultrasound (US), and magnetic resonance imaging (MRI). The worldwide ultrasound elastography market is anticipated to be driven by wider availability, convenience, non-invasive nature, and comparatively low price. Ultrasound elastography has similar technical limitations as traditional sonography that are associated with the reliability of the measurements. In ultrasound elastography, tissue attenuation decreases ultrasound signal as an operator of depth, thereby moving the correct assessment of deeper tissue or organs. Fluids and body covering fat also scale back the propagation of the external input applied at the skin surface which can deliver misguiding measurements. Challenges like overcoming biased results, lack of reimbursement, and having an edge over other imaging modalities like MRI might act as restraints of the worldwide ultrasound elastography market.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | SAMSUNG (South Korea), ECHOSENS (France), SIUI (China), SonoScape Medical (China), Shenzhen Mindray Bio-Medical Electronics (China), Shenzhen Landwind Industry (China), Supersonic Imagine (France), Siemens Healthineers (Germany), Toshiba America Medical Systems (United States), GE Healthcare (United States), BK Ultrasound (United States), Koninklijke Philips (Netherlands), Hitachi Medical Systems (United States) and Esaote (Italy) |
The study covers a detailed analysis segmented by key business segments i.e. by type (Static Elastography (SE), Dynamic Elastography With Harmonic Stimuli (DEHS), Dynamic Elastography With Transient Stimuli (DETS) and Other) , by application (Imaging of Liver Disease, Breast Lesion, Prostate Cancer, Thyroid, Kidney, Lymph Node and Others) and major geographies. Research Analyst at AMA predicts that European Players will contribute to the maximum growth of Global Ultrasound Elastography System market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Ultrasound Elastography System market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are SAMSUNG (South Korea), ECHOSENS (France), SIUI (China), SonoScape Medical (China), Shenzhen Mindray Bio-Medical Electronics (China), Shenzhen Landwind Industry (China), Supersonic Imagine (France), Siemens Healthineers (Germany), Toshiba America Medical Systems (United States), GE Healthcare (United States), BK Ultrasound (United States), Koninklijke Philips (Netherlands), Hitachi Medical Systems (United States) and Esaote (Italy).
Market Overview:
In June 2022 Echosens, a high-technology company offering liver diagnostic solutions, and Novo Nordisk A/S, a leading global healthcare company, today announced a partnership to advance the early diagnosis of non-alcoholic steatohepatitis (NASH) and increase awareness of the disease among patients, healthcare providers, and other stakeholders.
The maximum acoustic output exposure levels of these preamendments devices are given in Table 3 of Section 5.2.7 of this guidance. The levels are derated using a general attenuation coefficient for tissues, to permit a more accurate comparison between transducers of different frequencies and focal lengths. For further information on regulatory acoustic output comparisons, see O’Brien et al., Acoustic Output Upper Limit Proposition: Should upper limits be retained, J. Ultrasound Med. 1335, 21, 1335-41 (2002); ME Stratmeyer, FDA Model for Regulatory Purposes, Ultrasound in Med. & Biol. 15, 35-36 (1989); and GR Harris, Early Hydrophone Work and Measurement of Output Exposure Limits at the U.S. Food and Drug Administration, in Ultrasound in Med. & Biol., BIOLOGICAL EFFECTS OF ULTRASOUNDS; DEVELOPMENT OF SAFETY GUIDELINES, PART 1: PERSONAL HISTORIES 26, 930-932 (W.L. Nyborg ed., 2000).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Market Trend
Increasing Awareness Among the Public Concerning the Therapeutic Potential of Ultrasound Technologies and Increasing Efforts by Manufacturers for Commercialization
Restraints
- High Cost of The Ultrasound Elastography Systems
Opportunities
Rising Government Initiatives for Cancer Screening
Key highlights of the Global Ultrasound Elastography System market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Ultrasound Elastography System market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Ultrasound Elastography System market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Ultrasound Elastography System Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Ultrasound Elastography System market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Ultrasound Elastography System market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Ultrasound Elastography System, Venture Capitalists and Private Equity Firms and End-Use Industry.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.