Global Elastography Imaging Market Size Study & Forecast, by Modality (Ultrasound, Magnetic Resonance), by Application (Radiology, Cardiology, Obstetrics, Urology, Vascular, Orthopedic and Musculoskeletal, Others), by End-use (Hospitals, Ambulatory Surger

Global Elastography Imaging Market Size Study & Forecast, by Modality (Ultrasound, Magnetic Resonance), by Application (Radiology, Cardiology, Obstetrics, Urology, Vascular, Orthopedic and Musculoskeletal, Others), by End-use (Hospitals, Ambulatory Surgery Centers, Others), and Regional Analysis, 2023-2030

Global Elastography Imaging Market is valued at approximately USD 1.98 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.30% during the forecast period 2023-2030. Elastography imaging is a medical imaging technique that assesses tissue elasticity or stiffness, providing insights into various pathological conditions. It provides diagnostic insights, such as identifying cancerous tumors, which are typically firmer than surrounding tissue or detecting liver disease by assessing liver stiffness by distinguishing between tissue hardness and softness. The technique commonly employs ultrasound or Magnetic Resonance Imaging (MRI) to generate both stiffness maps and anatomical images for comparison. Elastography utilizes low-frequency vibrations during imaging procedures to evaluate organ stiffness in real time. Magnetic Resonance Elastography (MRE) combines MRI with vibrations to produce visual maps (elastograms) depicting tissue stiffness, primarily used to diagnose liver conditions such as fibrosis and inflammation. With increasing patient volumes and tightening budgets, the elastography imaging market is poised for growth due to its cost-effective, real-time, and portable solutions. The market is propelled by several significant factors, including the rising inclination towards the demand for minimally invasive surgeries and a rise in the number of product launches, coupled with the increasing government initiatives aimed at promoting early disease detection and improving healthcare infrastructure.

In addition, the rising incidence of chronic liver and breast cancer has spurred the demand for advanced diagnostic methodologies, which, in turn, accelerates the market growth at a substantial rate. According to the World Health Organization (WHO), in 2020, it was estimated that there were nearly 2,.26 million new cases of breast cancer recorded. Also, the figure is projected to rise to 3.19 million new cancer cases by 2040. Elastography techniques provide valuable diagnostic information for the early detection and monitoring of these conditions. Furthermore, numerous research studies have explored the applications of ultrasound elastography. For instance, a study published in September 2021, titled ""Ultrasound Elastography in the Assessment of Intestinal Changes in Inflammatory Bowel Disease - A Systematic Review,"" highlighted the potential of elastography as a novel imaging technique for evaluating intestinal strictures in individuals with Crohn's disease. Such research initiatives enhance the prospects of elastography technology. Thus, these aforementioned factors are propelling the growth of the Elastography Imaging Market over the estimated period. Moreover, the technological advancements in elastography techniques, as well as increasing integration with other imaging modalities present various lucrative opportunities over the forecast years. However, the unfavorable reimbursement scenario, along with the high cost of the elastography imaging systems are hampering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Elastography Imaging Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the robust healthcare ecosystem, renowned market players, and extensive research infrastructure. The country's healthcare landscape facilitates the seamless integration of elastography imaging into clinical workflows. Furthermore, favorable reimbursement policies and a proactive stance on early disease detection enhance the widespread adoption of elastography imaging across various medical applications. Manufacturers are increasingly focusing on commercialization efforts, attributed to the growing demand for these systems. Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The growing geriatric population, advancements in healthcare services, and robust economic development are significantly propelling the market demand across the region. Additionally, proactive government initiatives aimed at modernizing healthcare and fostering research and development further catalyze the adoption of cutting-edge medical imaging technologies over the anticipated years.

Major market players included in this report are:
Canon Medical Systems Corporation
Esaote SpA
FUJIFILM Corporation
GE Healthcare
Hitachi, Ltd
Koninklijke Philips N.V.
Mindray Bio-Medical Electronics Co., Ltd.
Samsung Medison Co., Ltd.
Siemens AG
Toshiba America Medical Systems, Inc.

Recent Developments in the Market:
 In November 2023, ZEISS unveiled a groundbreaking advancement in microscopy technology with the introduction of Lattice Structured Illumination Microscopy (SIM). This innovative approach effectively addresses the inherent physical resolution limitations of light microscopy, opening new frontiers in scientific observation and analysis.
 In June 2023, Nikon Instruments Inc. announced the launch of ""ECLIPSE Ui,"" an innovative microscope-based viewing system designed to facilitate seamless clinical observations. This system is tailored to accommodate both in-person and remote pathological assessments, offering comprehensive capabilities for enhanced clinical insights.
 In July 2023, ZEISS Microscopy unveils its newest product introduction and uses interactive display elements to promote new researchers at the Microscopy and Microanalysis (M&M) 2023 Conference.

Global Elastography Imaging Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Modality, Application, End-use, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

The detailed segments and sub-segment of the market are explained below:

By Modality:
Ultrasound
Magnetic Resonance

By Application:
Radiology
Cardiology
Obstetrics
Urology
Vascular
Orthopedic and Musculoskeletal
Others

By End-use:
Hospitals
Ambulatory Surgery Centers
Others

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Canon Medical Systems Corporation
Esaote SpA
FUJIFILM Corporation
GE Healthcare
Hitachi, Ltd
Koninklijke Philips N.V.
Mindray Bio-Medical Electronics Co., Ltd.
Samsung Medison Co., Ltd.
Siemens AG
Toshiba America Medical Systems, Inc

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