The Elastography Imaging Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Elastography Imaging Global Market Report 2024, The elastography imaging market size has grown rapidly in recent years. It will grow from $3.31 billion in 2023 to $3.66 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to clinical validation and acceptance, introduction of shear wave elastography, expansion beyond liver imaging, development of software and algorithms.
The elastography imaging market size is expected to see strong growth in the next few years. It will grow to $5.27 billion in 2028 at a compound annual growth rate (CAGR) of 9.5%. The growth in the forecast period can be attributed to market growth and expansion, global healthcare trends, cost-efficiency and affordability, demand for non-invasive diagnostics, clinical adoption and acceptance. Major trends in the forecast period include clinical advancements, integration of shear wave elastography (swe), real-time imaging, multimodal imaging integration, expanding clinical applications.
The rising incidence of chronic liver and breast cancer is expected to propel the growth of the elastography imaging market going forward. Chronic liver and breast cancer refers to the condition in which, the liver cell grows and multiply out of control, and gives rise to life-threatening illness. Elastography is an ultrasound (US)-based technique that is frequently used in the field of hepatology, for determining the stiffness of the liver in people with chronic liver disease. Hence, the rising incidence of chronic liver and breast cancer will support the growth of the elastography imaging market. For instance, in January 2023, according to the data imparted in the ‘Cancer Facts And Figures 2023’ report published by the American Cancer Society, a US-based, nationwide voluntary health organization, the number of new cases of liver and intrahepatic bile duct cancer, in female, reached 13,230 in 2023, increased from 12,640 in 2020 in the United States. Therefore, the rising incidence of chronic liver and breast cancer is driving the growth of the elastography imaging market.
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The elastography imaging market covered in this report is segmented –
1) By Modality: Ultrasound, Magnetic Resonance
2) By Application: Radiology, Cardiology, Obstetrics, Urology, Vascular, Orthopedic and Musculoskeletal, Other Applications
3) By End Use: Hospitals, Ambulatory Surgery Centers, Other End Uses
Technologically advanced elastography imaging devices are a key trend gaining popularity in the elastography imaging market. Major companies operating in the elastography imaging market are focusing on technologically advanced elastography imaging devices to sustain their position in the market. For instance, in May 2022, Mindray Medical International Limited, a China-based medical instrumentation manufacturing company launched Resona I9 Ultrasound Machine. It is a Shear Wave Elastography (SWE) based system built with an intelligent iConsole control panel, and customizable E-Ink keys integrated with a 2-hour long battery. The Resona I9 has sophisticated ultrasound capabilities that offer a harmonious mix of resolution, tissue homogeneity, and crisp imaging through Mindray’s ground-breaking ZONE Sonography Technology+ (ZST+). Increased frame rate, greater refresh rates, and more seamless transitions are possible using shear-wave elastography, in I9.
The elastography imaging market report table of contents includes:
1. Executive Summary
2. Elastography Imaging Market Characteristics
3. Elastography Imaging Market Trends And Strategies
4. Elastography Imaging Market – Macro Economic Scenario
5. Global Elastography Imaging Market Size and Growth
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31. Global Elastography Imaging Market Competitive Benchmarking
32. Global Elastography Imaging Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Elastography Imaging Market
34. Elastography Imaging Market Future Outlook and Potential Analysis
35. Appendix
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