Market Scope
Market Research Future (MRFR) studied
the global elastography imaging market 2021 for the review period till 2025. As
per MRFR study, the global elastography market is expected to touch 11.1% CAGR
across the review tenure. By 2025, the elastography market value is likely to
touch USD 2,538.2 Mn.
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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 2023 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 companies in the elastography imaging market that are listed
by MRFR.
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