The global elastography imaging market size is expected to reach USD 3.5 billion by the end of 2026, according to a new report by Radiant Insights, Inc., registering a 7.8% CAGR over the forecast period. Increasing incidence of breast cancer and chronic liver disorders is expected to significantly drive the market. Additionally, increasing demand for minimally-invasive procedures and ongoing studies to assess the potential applications of elastography are factors expected to contribute toward rapid growth.
Currently elastography has wide applications in assessing breasts, thyroid, prostate, and liver. Increasing number of ongoing studies are expected to increase its applications in diagnosis of various conditions such neurodegenerative disorders and chronic kidney diseases. It has shown promising results for its use in assessment of kidney health during and after transplantation.
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North America dominated the market in 2018 and is expected to continue its dominance during the forecast period. The elastography imaging market growth observed in the region is due to the presence of a large number of global players, along with high adoption rate for advanced imaging techniques.
Growing strategic alliances among players for development and distribution of products is expected to propel the market during the forecast period. Moreover, development of new surgical centers in different locations will increase the adoption of advanced imaging systems.
Further key findings from the report suggest:
• By modality, the ultrasound segment is predicted to register significant growth during the forecast period owing to advantages such as low price, accessibility, and high degree of measurement for tissue deformation
• On the basis of end use, the hospital segment is anticipated to hold the largest share in the market during the forecast period due to rising number of ultrasound and MRI-based elastography procedures and growing trends of hospital-based imaging facilities
• By way of application, the radiology domain is predicted to hold a large share in the market over the forecast period owing to increase in demand in image-guided radiotherapy and radiology ultrasound
• Asia Pacific is anticipated to witness lucrative growth during the forecast period due to improving healthcare facilities and rising geriatric population who are prone to developing targeted disorders
• Major players in the elastography imaging industry are focusing on growth strategies such as partnerships, collaborations, mergers, and acquisitions. Some of the leading players are Esaote SpA; Canon Medical Systems Corporation; Koninklijke Philips N.V.; Hitachi, Ltd.; GE Healthcare; Mindray Bio-Medical Electronics Co., Ltd.; Siemens Healthineers; Toshiba America Medical Systems, Inc.; and Samsung Medison Co., Ltd.
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Table of Contents
Chapter 1 Methodology and Scope1.1 Market Segmentation & Scope1.1.1 Modality1.1.2 Application1.1.3 End-use1.1.4 Regional scope1.1.4 Estimates and forecast timeline1.2 Research Methodology1.3 Information Procurement1.3.1 Purchased database1.3.2 GVR’s internal database1.3.3 Secondary sources1.3.4 Primary research1.3.5 Details of primary research1.3.5.1 Data for primary interviews in North America1.3.5.3 Data for primary interviews in Europe1.3.5.4 Data for primary interviews in Asia Pacific1.3.5.6 Data for primary interviews in Latin America1.3.5.8 Data for Primary interviews in MEA1.4 Information or Data Analysis1.4.1 Data analysis models1.5 Market Formulation & Validation1.6 Model Details1.6.1 Commodity flow analysis (Model 1)1.6.1.1 Approach 1: Commodity flow approach1.6.2 Volume price analysis (Model 2)1.6.2.1 Approach 2: Volume price analysis1.7 List of Secondary Sources1.8 List of Primary Sources1.9 Objectives1.9.1 Objective 11.9.2 Objective 2
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