Elastography Imaging Market -Overview
The mushrooming occurrence of life-threatening diseases is predicted to spur the elastography imaging market share. Reports created by MRFR detail the developments in the industry that can be expected in the market through the forecast period. The market is anticipated to disclose an 11.1% CAGR in the forecast period.
The ability to gain a proper diagnosis that is more thorough is predicted to favor the expansion of the elastography imaging market companies in the forecast period. The increased opt-ins for surgical intervention to treat diseases are foreseen to augment the elastography imaging market in the future.
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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.
Detailed Regional Analysis
The market in the Americas is likely to lead the global elastography imaging market during the assessment period owing to the increasing per capita healthcare expenditure, and the heavy adoption of new technology in the region. Additionally, the increase in the insurance coverage and improving reimbursement scenario in the US and Canada are also projected to drive the growth of the market.
Europe is expected to hold the second largest position in the global elastography imaging market. The market growth in this region is because of the presence of a well-established healthcare system, an increase in life-threatening diseases, and the active involvement of major players. For instance, in May 2017, Esaote expanded its ultrasound sales team in the UK.
The market in Asia-Pacific is projected to have a steady growth rate during the forecast period owing to the increasing number of patients with chronic diseases and government initiatives for healthcare reforms. However, a decrease in capital investment is restricting the market growth of this region.
The market in the Middle East & Africa is likely to account for the smallest share of the global elastography imaging market. The market growth in this region is restricted due to the low per capita disposable income.
Key Players
Some of the key players in the global elastography imaging market are Canon Medical Systems Corporation, Siemens AG, Fujifilm Holdings Corporation, Esaote, Resoundant Inc., Hitachi Ltd., Mindray Medical International Ltd., Koninklijke Philips N.V., Samsung Electronics (Samsung Medison), Supersonic Imagine, and General Electric Company.
Industry News
November 2019: SimonMed Imaging is the first to provide advanced screening for fatty liver disease. The VIDA 3T MRI helps to detect fibrosis resulting from fatty liver disease or other chronic liver diseases. It uses MRE (magnetic resonance elastography) that combines sound waves with MRI to develop an elastogram (visual map) to show the stiffness of the body tissue, thus offering radiologists with color contrasted clear visual, maximizing accuracy, and limiting error.
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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