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Report Overview
2023
Base Year
2017-2023
Historical Year
2024-2032
Forecast Year
Global Elastography Imaging Market Outlook
The global elastography imaging market size attained a value of USD 2.45 billion in 2023. The market is anticipated to grow at a CAGR of 7% due to its non-invasive nature and precise assessment of mechanical properties of tissue, during the forecast period of 2024-2032 to attain a value of USD 4.50 billion by 2032.
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Some of the major growth factors include the increased occurrences of chronic liver diseases and breast cancer and the rising demand for advanced diagnostic techniques.
Market Segmentation
Elastography is a medical imaging that maps soft tissue's elastic properties and rigidity. The key idea is to give diagnostic information about the existence or status of the disease, whether the tissue is hard or soft.
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The elastography imaging market can be broadly categorised based on technique, applications, and end-uses.
Based on the technique, the elastography imaging market can be segmented into:
- Ultrasound Imaging
- Magnetic Resonance Elastography
Based on application, the elastography imaging market can be divided into:
- Radiology/General Imaging
- Cardiology
- Obstetrics/Gynaecology
- Urology
- Vascular
- Orthopaedic and Musculoskeletal Applications
- Others
Based on the end-uses, the elastography imaging market can be divided into:
- Hospitals, Surgical Centres, and Diagnostic Centres
- Ambulatory Surgical Centres (ASC)
- Others
The EMR report looks into the regional markets of elastography imaging like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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Market Analysis
The elastography imaging procedure is increasing in popularity and acceptance by both patients and doctors, due to its non-invasive nature and precise assessment of mechanical properties of tissue, thus, driving the growth of the industry. Advanced systems of elastography imaging provide both comprehensive qualitative and quantitative diagnosis, which will further propel the industry growth. The increasing demand for innovative diagnostic techniques is expected to replace conventional ultrasound techniques with elastography imaging in developing countries, giving the industry a significant boost. It is commonly used before and after transplantation to determine liver disorders and to monitor the degree of liver cirrhosis. It is expected that the increased incidences of breast cancer and liver disorders would fuel the demand for elastography imaging in the coming years.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global elastography imaging market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- General Electric Company (NYSE: GE)
- Koninklijke Philips N.V.
- Siemens Healthcare Private Limited
- Canon Inc.
- Samsung
- Fujifilm Holdings Corporation
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Technique |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
Globally, elastography imaging market reached a value of USD 2.45 billion in 2023.
The market is projected to expand at a CAGR of 7% from 2024 to 2032, growing to USD 4.50 billion by 2032.
The major drivers of the industry, such as the increasing population, rising demand from the developing regions, increasing prevalence of chronic liver disorder and breast cancer, and the growing demand for improved diagnostic facilities, are expected to aid the market growth.
The key market trends guiding the growth of the elastography imaging industry include the growing technological advancements and increased investments by the key players in the research and development activities.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Ultrasound imaging and magnetic resonance elastography are the leading elastography imaging techniques in the industry.
The significant applications of the product in the market include radiology/general imaging, cardiology, obstetrics/gynaecology, urology, vascular, and orthopaedic and musculoskeletal applications, among others.
Hospitals, surgical centres, and diagnostic centres, and ambulatory surgical centres (ASC) are the major end use segments of the product.
The major players in the industry are General Electric Company (NYSE: GE), Koninklijke Philips N.V., Siemens Healthcare Private Limited, Canon Inc., Samsung, Fujifilm Holdings Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., among others.
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