About Elastography Imaging
Elastography is a non-invasive medical imaging technique that helps determine the stiffness of organs and other structures in an individual’s body. It is most commonly used to assess an individual's liver. Elastography directs painless low-frequency vibrations into the liver. Ultrasound (US) or magnetic resonance imaging (MRI) measures how quickly these vibrations move through the organ. A computer uses this information to create a visual map showing the stiffness (or elasticity) of the liver. The rising incidence of chronic liver diseases, breast cancer are propelling the growth of the global elastography imaging market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Europe |
Unit | Value (USD Million) |
CAGR | 10.9% |
Global Elastography Imaging is a fragmented market due to the presence of numerous players in several countries. The players are focusing on investing more in launching new products and R&D. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that European and Asian Players will contribute the maximum growth to Global Elastography Imaging market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GE Healthcare (United States), Siemens Healthiness (Germany), Philips Healthcare (Netherlands), Canon Medical System Corporation (Japan), Samsung Medison (South Korea), Hitachi Ltd. (Japan), Shenzhen Mindray Bio-Medical Electronics Co. (China), FUJIFILM Holdings Corporation (Japan), Esaote (Italy) and Hologic, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Supersonic Imagine (France), Resoundant (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Elastography Imaging market by , Application (Cardiology, OB/GYN, Urology, Vascular, Radiology/General Imaging, Orthopedic and Musculoskeletal Applications and Others) and Region.
On the basis of geography, the market of Elastography Imaging has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Asia Pacific region held largest market share in the year 2023. If we see Market by Modality, the sub-segment i.e. Ultrasound Elastography will boost the Elastography Imaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals, surgical centers, and diagnostic centers will boost the Elastography Imaging market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of the Ultrasound Elastography
Market Growth Drivers:
Growing Incidence Chronic Diseases, like Breast Cancer and Liver Diseases and Rising Demand for Minimally Invasive Procedures
Challenges:
Intense Competition Among the Competitors
Restraints:
High Cost Associated with Elastography Imaging Systems
Opportunities:
Increasing Initiatives for Research and Development Activities by Manufacturers of the Elastography Imaging Systems
Market Leaders and their expansionary development strategies
In December 2021, GE announced that it had completed its acquisition of BK Medical, a leader in advanced surgical visualization, from Altaris Capital Partners, LLC. The companies entered into a definitive agreement for GE to purchase BK Medical for a cash purchase price of USD 1.45 billion on September 22, 2021.
In February 2022, Clarius Mobile Health introduced a third-generation product line of high-performance handheld wireless ultrasound scanners for all medical specialists. Now that 30% lighter and smaller, the new pocket-sized scanners are available in the United States with pricing and new features that will put premium handheld ultrasound into the hands of more doctors.
Key Target Audience
Elastography Imaging Providers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.