With the emergence and long-term Impact of COVID-19, Global Elastography Imaging Market to reach USD 3.48 billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Elastography Imaging Market points towards a potential rise to USD 3.48 billion by 2030. Elastography imaging is a medical imaging technique that assesses tissue elasticity or stiffness, providing insights into various pathological conditions. It provides diagnostic insights, such as identifying cancerous tumors, which are typically firmer than surrounding tissue or detecting liver disease by assessing liver stiffness by distinguishing between tissue hardness and softness. The technique commonly employs ultrasound or Magnetic Resonance Imaging (MRI) to generate both stiffness maps and anatomical images for comparison. Elastography utilizes low-frequency vibrations during imaging procedures to evaluate organ stiffness in real time.
Magnetic Resonance Elastography (MRE) combines MRI with vibrations to produce visual maps (elastograms) depicting tissue stiffness, primarily used to diagnose liver conditions such as fibrosis and inflammation. With increasing patient volumes and tightening budgets, the elastography imaging market is poised for growth due to its cost-effective, real-time, and portable solutions. The market is propelled by several significant factors, including the rising inclination towards the demand for minimally invasive surgeries and a rise in the number of product launches, coupled with the increasing government initiatives aimed at promoting early disease detection and improving healthcare infrastructure.
Geographically, the global Elastography Imaging market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the robust healthcare ecosystem, renowned market players, and extensive research infrastructure. The country’s healthcare landscape facilitates the seamless integration of elastography imaging into clinical workflows. Furthermore, favorable reimbursement policies and a proactive stance on early disease detection enhance the widespread adoption of elastography imaging across various medical applications. Manufacturers are increasingly focusing on commercialization efforts, attributed to the growing demand for these systems.
Whereas, Asia Pacific is expected to grow at the highest CAGR over the forecast years. The growing geriatric population, advancements in healthcare services, and robust economic development are significantly propelling the market demand across the region. Additionally, proactive government initiatives aimed at modernizing healthcare and fostering research and development further catalyze the adoption of cutting-edge medical imaging technologies over the anticipated years.
The global Elastography Imaging market is highly competitive owing to the presence of several key players such as Canon Medical Systems Corporation Esaote SpA FUJIFILM Corporation GE Healthcare Hitachi, Ltd Koninklijke Philips N.V. Mindray Bio-Medical Electronics Co., Ltd. Samsung Medison Co., Ltd. Siemens AG Toshiba America Medical Systems, Inc, and others.
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Key findings of the study suggest:
- Global Elastography Imaging Market is anticipated to grow with a healthy growth rate of more than 7.30% over the forecast period 2023-2030.
- In the End-use segment, Hospitals emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to widespread adoption of elastography imaging across various medical applications in the region.
- Asia Pacific is expected to grow at higher rate owing to increasing adoption of cutting-edge medical imaging technologies in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Modality:
- Ultrasound
- Magnetic Resonance
By Application:
- Radiology
- Cardiology
- Obstetrics
- Urology
- Vascular
- Orthopedic and Musculoskeletal
- Others
By End-use:
- Hospitals
- Ambulatory Surgery Centers
- Others
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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