Elastography Imaging Market Scope

Market Research Future (MRFR) studied that the elastography imaging market is expected to be worth USD 10.2 billion by 2022. The elastography imaging market is expected to increase from USD 11.34 billion in 2023 to USD 26.43 billion by 2032, with a compound annual growth rate (CAGR) of 11.16% between 2023 and 2032.

Drivers and Restrains Impacting Elastography Imaging Market

The diagnostics data obtained from plotting the elastic properties of soft tissue is a huge assistance during surgery. Elastography is the medical imaging method that allows the same. The increase in cases of surgeries promoting the need for elastography can support the expansion of the market. The growing prevalence of fatal ailments and the increasing demand for minimally invasive procedures to aid in diagnosis of such ailments can favor the growth of the elastography market over the assessment tenure. The increase in cases of chronic disorder and rise in the adoption of elastography to their diagnosis can favor the market over the review tenure.

In addition, the availability of professionals with expertise in such latest technologies and the adoption of modern diagnostic solutions by several healthcare sector can boost the expansion of the elastography imaging market across emerging economies. On the contrary, expensive apparatus used in elastography imaging can hamper the market growth. However, the presence of reimbursement policies and upscaling demand for effective therapies for complicated disorders can curb the decrease the impact of restraints during the forecast period.

Segment Analysis of Elastography Imaging Market

The segment study of the global elastography imaging market is based on application, modality, and end user.

The modality-based segments of the elastography market are magnetic resonance elastography, and ultrasound. The segment of ultrasound is likely to secure the highest market share over the analysis period owing the surging awarness about the advantages of ultrasound. The segment of magnetic resonance elastography is anticipated to earn profit for the elastography imaging market due to the easy availability of such solution and its high rate of adoption.

The application-based segments of the elastography imaging market are obstetrics or gynecology, radiology/general imaging, urology, vascular, cardiology, musculoskeletal, and orthopedic applications among others. The segment of radiology or general imaging is anticipated to generate decent profit for the global elastography imaging market as occurrences of chronic diseases is noted to surge. The segment of cardiology is likely to thrive at a healthy CAGR as the population of patient is observed to surge in recent years.

The end user-based segments of the elastography market are research laboratories, hospitals ambulatory surgical centers, and diagnostic centers among others. The segment of hospitals and ambulatory surgical centers is likely to secure decent share of the worldwide market in the near future. The surge in count of hospitals as well as rise in hospitalizations are causes that can promote the growth of the market through the hospital segment. The segment of diagnostic centers is expected thrive at the highest CAGR as the inclination of physicians towards non-invasive diagnostic procedure to reduce risk for patient with chronic disease. In addition, the increase in establishment of diagnosis centers can favor the elastography imaging market rise in the years ahead.

Regional Assessment of Elastography Imaging Market

The elastography imaging market in the Americas can grow at a high CAGR by 2030 as the per capita healthcare expense is observed to rise. The increasing adoption of modern technology in the region and the growing number of people adopting insurance coverage can favor the market rise in the review tenure. In the US, the improving reimbursement scenario as well as in Canada can drive the upsurge of the elastography imaging market in the Americas.

In Europe, the region is expected to hold the second position in the worldwide elastography imaging market. The market in the UK is likely to thrive owing to the residence of well-established healthcare system in the region. The increase in number of patients suffering from life-threatening diseases and the active indulgence of major players can promote the market in EU.  In the Asia Pacific region, the forecast period owing to the elastography imaging market is likely to garner high revenue as capital investment in healthcare sector is expected to increase.

Elastography Imaging Market Key Players

Esaote, Canon Medical Systems Corporation, Resoundant Inc., Hitachi Ltd., Siemens AG, Fujifilm Holdings Corporation, Koninklijke Philips N.V., Mindray Medical International Ltd., Supersonic Imagine, Samsung Electronics (Samsung Medison), and General Electric Company are some reputed elastography imaging market players, that are listed by MRFR.

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