The Business Research Company’s report on the Elastography Imaging Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
Which emerging drivers are set to accelerate the growth of the elastography imaging market further?
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 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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What are the key factors influencing the forecasted market size of the elastography imaging industry?
The elastography imaging market size has grown strongly in recent years. It will grow from$3.56 billion in 2024 to $3.91 billion in 2025 at a compound annual growth rate (CAGR) of 9.6%. 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 rapid growth in the next few years. It will grow to “$5.8 billion in 2029 at a compound annual growth rate (CAGR) of 10.4%. 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.
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Who are the leading competitors in the elastography imaging market?
Major companies operating in the elastography imaging market include Canon Medical Systems Corporation, Esaote S.p.A., GE Healthcare Technologies Inc., Koninklijke Philips N.V., Mindray Bio-Medical Electronics Co. Ltd., Samsung Medison Co. Ltd., Siemens Healthineers AG, Clarius Mobile Health Corp., Toshiba America Medical Systems Inc., SuperSonic Imagine, Resoundant Inc., Shimadzu Corporation, BK Medical Holding Company Inc., SonoScape Medical Corp., Philips Healthcare, Hitachi Medical Systems, Fujifilm Holdings Corporation, Analogic Corporation, Exact Imaging Inc., Echosens, Konica Minolta Healthcare Americas Inc., Arterys Inc., Fovia Medical Inc, QT Ultrasound LLC, Healcerion Co. Ltd., EDAP TMS Inc.
Which emerging trends are set to transform the elastography imaging market landscape?
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.
How do different geographies compare in terms of market share and growth potential in the elastography imaging market?
Asia-pacific was the largest region in the elastography imaging market in 2024. The regions covered in the elastography imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Which major segments of the elastography imaging market are experiencing the fastest growth?
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
Subsegments:
1) By Ultrasound: Shear Wave Elastography (SWE), Strain Elastography, Acoustic Radiation Force Impulse (ARFI) Imaging
2) By Magnetic Resonance: Magnetic Resonance Elastography (MRE), Diffusion-Weighted Imaging (DWI) With Elastography, Dynamic Contrast-Enhanced Imaging With Elastography
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How is the elastography imaging market defined, and what are its core characteristics?
Elastography imaging refers to a non-invasive diagnostic technology that aids in determining the rigidity of organs and other body components. It is used to determine the stiffness of tissues and organs for the diagnosis of associated disorders using painless, low-frequency vibrations.
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