Elastography Imaging Market – Opportunities, Share, Growth and Competitive Analysis and Forecast 2029
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How Much Will The Elastography Imaging Market Be Worth By 2029?
There has been a significant expansion in the size of the elastography imaging market in the past few years. Its growth is predicted to rise from $3.56 billion in 2024 to $3.87 billion in 2025, indicating a compound annual growth rate (CAGR) of 8.6%. This robust growth during the historical period can be attributed to factors such as acceptance and clinical approval, the advent of shear wave elastography, extension beyond simple liver imaging, and the progression of software and algorithms.
Anticipated to experience swift expansion in the coming years, the size of the elastography imaging market is predicted to reach $5.77 billion in 2029, with a compound annual growth rate (CAGR) of 10.5%. The forecasted growth can be linked to factors such as market expansion, global healthcare trends, affordable costs, necessity for non-invasive diagnostics, and the industry’s adoption and acceptance. Noteworthy trends projected for the period include progress in clinical practices, the incorporation of shear wave elastography (swe), on-the-spot imaging, the assimilation of multimodal imaging, and developing clinical applications.
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What External And Internal Drivers Are Influencing The Elastography Imaging Market?
The elastography imaging market is projected to experience significant growth due to the increasing prevalence of chronic liver and breast cancer. These conditions occur when liver cells proliferate uncontrollably, leading to a serious health risk. Elastography, a technique based on ultrasound, is often employed in hepatology to measure liver stiffness in individuals affected by chronic liver disease. Therefore, the increase in chronic liver and breast cancer cases will aid in expanding the elastography imaging market. For example, as per the ‘Cancer Facts And Figures 2023’ report by the American Cancer Society, a voluntary health organization in the US, in January 2023, the number of new incidents of liver and intrahepatic bile duct cancer among women spiked to 13,230 cases in the United States for that year. Consequently, the escalating prevalence of chronic liver and breast cancer is promoting the growth of the elastography imaging market.
What Segmentation Insights Are Provided In The Elastography Imaging Market Research?
The elastography imagingmarket 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
Which Notable Trends Are Transforming The Elastography Imaging Market Outlook?
The growth in the popularity of technologically advanced elastography imaging devices is a prominent trend in the elastography imaging market. Renowned firms in this market are concentrating on these advanced devices to maintain their market standing. As an illustration, in May 2022, Mindray Medical International Limited, a Chinese medical instrumentation manufacturer, unveiled the Resona I9 Ultrasound Machine. This system uses Shear Wave Elastography (SWE) technology and comes with an innovative iConsole control panel and customizable E-Ink keys. It also boasts of a battery life of 2 hours. The Resona I9 is capable of producing high-quality ultrasound images thanks to Mindray’s revolutionary ZONE Sonography Technology+ (ZST+), blending resolution, tissue homogeneity, and precise imaging perfectly. The use of shear-wave elastography in the I9 results in an increased frame rate, higher refresh rates, and smoother transitions.
Who Are The Leading Companies Driving 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.
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Which Geographic Regions Are Creating Strong Demand 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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