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.
Segmental Analysis
The segmental appraisal of the Elastography Imaging Market Trends 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.
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Detailed Regional Analysis
The regional examination of the elastography imaging market comprises of the Americas, Europe, the Middle East, Asia Pacific, and Africa. The elastography imaging market in the Americas region is anticipated to govern the international market due to the soaring implementation of new technology in the region and the swelling per capita healthcare spending. Also, collective expenditures on research by healthcare associations are projected to drive the development of the elastography imaging market in this region. Moreover, the growth in the insurance handling and refining reimbursement situations in the US and Canada is also anticipated to drive the advance of the elastography imaging market. The elastography imaging market in the European region showed a considerable amount of expansion. The market progress in this region is credited to an upsurge in chronic diseases, the incidence of a firm healthcare system, and the participation of important companies. The elastography imaging market in the Asia Pacific is anticipated to have a fixed growth rate throughout the forecast period due to the growing number of patients with lasting diseases and government proposals for healthcare improvements. However, a reduction in capital investment is confining the elastography imaging market development in this region.
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.
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