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Global Elastography Imaging Market to reach USD 3.48 billion by the end of 2030

Global Elastography Imaging Market Size Study & Forecast, by Modality (Ultrasound, Magnetic Resonance), by Application (Radiology, Cardiology, Obstetrics, Urology, Vascular, Orthopedic and Musculoskeletal, Others), by End-use (Hospitals, Ambulatory Surgery Centers, Others), and Regional Analysis, 2023-2030

Product Code: HLSMD-23554699
Publish Date: 10-03-2024
Page: 200

Global Elastography Imaging Market is valued at approximately USD 1.98 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.30% during the forecast period 2023-2030. 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.

In addition, the rising incidence of chronic liver and breast cancer has spurred the demand for advanced diagnostic methodologies, which, in turn, accelerates the market growth at a substantial rate. According to the World Health Organization (WHO), in 2020, it was estimated that there were nearly 2,.26 million new cases of breast cancer recorded. Also, the figure is projected to rise to 3.19 million new cancer cases by 2040. Elastography techniques provide valuable diagnostic information for the early detection and monitoring of these conditions. Furthermore, numerous research studies have explored the applications of ultrasound elastography. For instance, a study published in September 2021, titled “Ultrasound Elastography in the Assessment of Intestinal Changes in Inflammatory Bowel Disease – A Systematic Review,” highlighted the potential of elastography as a novel imaging technique for evaluating intestinal strictures in individuals with Crohn’s disease. Such research initiatives enhance the prospects of elastography technology. Thus, these aforementioned factors are propelling the growth of the Elastography Imaging Market over the estimated period. Moreover, the technological advancements in elastography techniques, as well as increasing integration with other imaging modalities present various lucrative opportunities over the forecast years. However, the unfavorable reimbursement scenario, along with the high cost of the elastography imaging systems are hampering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Elastography Imaging Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. 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.

Major market players included in this report are:
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.

Recent Developments in the Market:
Ø In November 2023, ZEISS unveiled a groundbreaking advancement in microscopy technology with the introduction of Lattice Structured Illumination Microscopy (SIM). This innovative approach effectively addresses the inherent physical resolution limitations of light microscopy, opening new frontiers in scientific observation and analysis.
Ø In June 2023, Nikon Instruments Inc. announced the launch of “ECLIPSE Ui,” an innovative microscope-based viewing system designed to facilitate seamless clinical observations. This system is tailored to accommodate both in-person and remote pathological assessments, offering comprehensive capabilities for enhanced clinical insights.
Ø In July 2023, ZEISS Microscopy unveils its newest product introduction and uses interactive display elements to promote new researchers at the Microscopy and Microanalysis (M&M) 2023 Conference.

Global Elastography Imaging Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Modality, Application, End-use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Modality:
Magnetic Resonance

By Application:
Orthopedic and Musculoskeletal

By End-use:
Ambulatory Surgery Centers

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Elastography Imaging Market, by Region, 2020-2030 (USD Billion)
1.2.2. Elastography Imaging Market, by Modality, 2020-2030 (USD Billion)
1.2.3. Elastography Imaging Market, by Application, 2020-2030 (USD Billion)
1.2.4. Elastography Imaging Market, by End-use, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Elastography Imaging Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Elastography Imaging Market Dynamics
3.1. Elastography Imaging Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing incidences of chronic liver and breast cancer Rising inclination towards demand for minimally invasive surgeries
3.1.2. Market Challenges Unfavourable reimbursement scenario High cost of elastography imaging system
3.1.3. Market Opportunities Technological advancements in elastography techniques Increasing integration with other imaging modalities
Chapter 4. Global Elastography Imaging Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Elastography Imaging Market, by Modality
5.1. Market Snapshot
5.2. Global Elastography Imaging Market by Modality, Performance – Potential Analysis
5.3. Global Elastography Imaging Market Estimates & Forecasts by Modality 2020-2030 (USD Billion)
5.4. Elastography Imaging Market, Sub Segment Analysis
5.4.1. Ultrasound
5.4.2. Magnetic Resonance
Chapter 6. Global Elastography Imaging Market, by Application
6.1. Market Snapshot
6.2. Global Elastography Imaging Market by Application, Performance – Potential Analysis
6.3. Global Elastography Imaging Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Elastography Imaging Market, Sub Segment Analysis
6.4.1. Radiology
6.4.2. Cardiology
6.4.3. Obstetrics
6.4.4. Urology
6.4.5. Vascular
6.4.6. Orthopedic and Musculoskeletal
6.4.7. Others
Chapter 7. Global Elastography Imaging Market, by End-use
7.1. Market Snapshot
7.2. Global Elastography Imaging Market by End-use, Performance – Potential Analysis
7.3. Global Elastography Imaging Market Estimates & Forecasts by End-use 2020-2030 (USD Billion)
7.4. Elastography Imaging Market, Sub Segment Analysis
7.4.1. Hospitals
7.4.2. Ambulatory Surgery Centers
7.4.3. Others
Chapter 8. Global Elastography Imaging Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Elastography Imaging Market, Regional Market Snapshot
8.4. North America Elastography Imaging Market
8.4.1. U.S. Elastography Imaging Market Modality breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End-use breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Elastography Imaging Market
8.5. Europe Elastography Imaging Market Snapshot
8.5.1. U.K. Elastography Imaging Market
8.5.2. Germany Elastography Imaging Market
8.5.3. France Elastography Imaging Market
8.5.4. Spain Elastography Imaging Market
8.5.5. Italy Elastography Imaging Market
8.5.6. Rest of Europe Elastography Imaging Market
8.6. Asia-Pacific Elastography Imaging Market Snapshot
8.6.1. China Elastography Imaging Market
8.6.2. India Elastography Imaging Market
8.6.3. Japan Elastography Imaging Market
8.6.4. Australia Elastography Imaging Market
8.6.5. South Korea Elastography Imaging Market
8.6.6. Rest of Asia Pacific Elastography Imaging Market
8.7. Latin America Elastography Imaging Market Snapshot
8.7.1. Brazil Elastography Imaging Market
8.7.2. Mexico Elastography Imaging Market
8.8. Middle East & Africa Elastography Imaging Market
8.8.1. Saudi Arabia Elastography Imaging Market
8.8.2. South Africa Elastography Imaging Market
8.8.3. Rest of Middle East & Africa Elastography Imaging Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. Canon Medical Systems Corporation Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Esaote SpA
9.3.3. FUJIFILM Corporation
9.3.4. GE Healthcare
9.3.5. Hitachi, Ltd
9.3.6. Koninklijke Philips N.V.
9.3.7. Mindray Bio-Medical Electronics Co., Ltd.
9.3.8. Samsung Medison Co., Ltd.
9.3.9. Siemens AG
9.3.10. Toshiba America Medical Systems, Inc.
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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