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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.

Global Elastography Imaging Market

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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.

Global Elastography Imaging Market By Technique

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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.

Global Elastography Imaging Market By Region

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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:

  • Technique
  • Application
  • End User
  • Region
Breakup by Technique
  • Ultrasound Imaging
  • Magnetic Resonance Elastography
Breakup by Application
  • Radiology/General Imaging
  • Obstetrics/Gynaecology
  • Urology
  • Vascular
  • Orthopaedic and Musculoskeletal Applications
  • Others
Breakup by End User
  • Hospitals, Surgical Centres, and Diagnostic Centres
  • Ambulatory Surgical Centres (ASC)
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • 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.
  • Clarius Mobile Health
  • Hitachi,Ltd
  • Hologic Inc
  • Esaote SpA
  • Supersonic Imagine
  • Resoundant Inc.
  • Mindray Medical International Ltd.
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*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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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124