What’s Driving Growth in the Elastography Imaging Market? Insights into Key Trends and Opportunities
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What is the Anticipated CAGR of the Elastography Imaging Market, and What Factors Will Drive It?
In recent times, the elastography imaging market size has exhibited robust growth. The market is forecasted to expand from a value of $3.56 billion in 2024 to $3.91 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 9.6%. Factors contributing to growth in this sector during the historic period include clinical validation and adoption, the implementation of shear wave elastography, growth beyond hepatic imaging, and the advancement of software and algorithms.
The market size for elastography imaging is predicted to surge significantly in the forthcoming years, reaching “$5.8 billion in 2029 with a compound annual growth rate (CAGR) of 10.4%. Factors contributing to this development in the predicted time frame include market expansion, worldwide health trends, cost-effectiveness and affordability, the need for non-invasive diagnostic methods, and clinical incorporation and approval. The forecast period also highlights trends such as clinical progress, the incorporation of shear wave elastography (swe), instant imaging, integrated multimodal imaging, and the broadening of clinical uses.
Which Factors Are Enhancing the Growth of the elastography imaging Market?
The increasing prevalence of chronic liver and breast cancer is anticipated to fuel the expansion of the elastography imaging market. The terms chronic liver and breast cancer denote a condition where liver cells multiply uncontrollably, leading to a deadly disease. Elastography, an ultrasound-based method, is commonly utilized in hepatology for assessing liver stiffness in individuals with chronic liver disease. Therefore, the growing prevalence of chronic liver and breast cancer is bolstering the elastography imaging market’s development. For instance, the American Cancer Society, a nationwide US voluntary health organization, reported in its ‘Cancer Facts And Figures 2023’ released in January 2023, that the count of new cases of liver and intrahepatic bile duct cancer in females reached 13,230 in the United States in 2023. As such, the escalating prevalence of chronic liver and breast cancer underpins the growth of the elastography imaging market.
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Who Are the Top Companies Contributing to the Growth of the Elastography Imaging Market?
Major companies operating in the elastography imaging market include:
• Canon Medical Systems Corporation_x000D_
• Esaote S.p.A._x000D_
• GE Healthcare Technologies Inc._x000D_
• Koninklijke Philips N.V._x000D_
• Mindray Bio-Medical Electronics Co. Ltd._x000D_
How Are Technological Trends Affecting the Growth and Development of the Elastography Imaging Market?
Advancements in elastography imaging technology represent a significant trend in its market. To maintain their competitiveness, major industry players are focusing on generating state-of-the-art elastography imaging devices. For example, in May 2022, Mindray Medical International Limited, a China-based medical instrument manufacturer, introduced the Resona I9 Ultrasound Machine. This Shear Wave Elastography (SWE) based system includes a smart iConsole control panel, customisable E-Ink keys and a two-hour battery life. The Resona I9 uses advanced ultrasound features to provide a balance between resolution, tissue uniformity and clear imaging, courtesy of Mindray’s innovative ZONE Sonography Technology+ (ZST+). Shear-wave elastography used in the I9 allows for a faster frame rate, higher refresh rates and smoother transitions.
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Which Growth-Oriented Segments of the Elastography Imaging Market Are Leading the Industry’s Development?
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
What Are the Key Regions Powering Growth 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
How Is the Elastography Imaging Market Defined Across Different Regions?
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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