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What Is the Forecast for the Elastography Imaging Market from 2024 to 2025?

In the past few years, the elastography imaging market has shown robust growth. There’s an anticipated rise from $3.56 billion in 2024 to $3.91 billion in 2025, marking a compound annual growth rate (CAGR) of 9.6%. The notable growth during the historical period can be credited to clinical validation and acceptance, the debut of shear wave elastography, an expansion beyond liver imaging, and the improvement of software and algorithms.

What Is the Projected Market Size of the Elastography Imaging Market?

The market size of elastography imaging is predicted to experience fast-paced expansion in the upcoming years. The estimated growth will take the value to $5.8 billion by 2029 with a Compound Annual Growth Rate (CAGR) of 10.4%. Factors propelling this growth during the forecast period include the expansion of the market, overall global healthcare progress, cost-effectiveness and accessibility, the need for non-invasive diagnosis, and its acceptance in clinical settings. The introduction of clinical advancements, the implementation of shear wave elastography (swe), real-time imaging, incorporation of multimodal imaging and broadened clinical applications are some significant trends anticipated during the forecast timeframe.

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Who are the Major Competitors in the Elastography Imaging Market Outlook?

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.

What Is Fueling Growth in the Elastography Imaging Market?

The increasing occurrence of chronic liver and breast cancer is predicted to spur the expansion of the elastography imaging market. This condition is characterized by uncontrolled proliferation of liver cells, leading to a potentially fatal disease. An ultrasound-based method, elastography, is commonly utilized in hepatology to measure liver stiffness in individuals suffering from chronic liver disease. The escalating cases of chronic liver and breast cancer, therefore, bolster the growth of the elastography imaging market. For example, the ‘Cancer Facts And Figures 2023’ report, released by the American Cancer Society in January 2023, reveals that the number of new liver and intrahepatic bile duct cancer cases among women in the U.S. had reached 13,230 in 2023. Thus, the growth of the elastography imaging market is fueled by the surging rates of chronic liver and breast cancer.

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Which Elastography Imaging Market Segments Are Growing the Fastest?

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

Which Industry Trends Are Shaping the Future of the Elastography Imaging Market?

The rise in popularity of technologically advanced elastography imaging devices is a significant trend on the elastography imaging market. Major corporations in the field are focusing on these advanced devices to maintain their strong market position. As an example, Mindray Medical International Limited, a company from China that manufactures medical instruments, introduced the Resona I9 Ultrasound Machine in May 2022. This device utilizes Shear Wave Elastography (SWE), and include features like an intelligent iConsole control panel, customizable E-Ink keys, and a two-hour battery life. The Resona I9’s advanced ultrasound features provide a combination of optimal resolution, tissue homogeneity, and clear imaging delivered by Mindray’s innovative ZONE Sonography Technology+ (ZST+). The application of shear-wave elastography in the I9 permits increased frame rates, superior refresh rates, and smoother transitions.

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Which Countries Are Leading 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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This Report Delivers Insight On:

1. How big is the elastography imaging market, and how is it changing globally?

2. Who are the major companies in the elastography imaging market, and how are they performing?

3. What are the key opportunities and risks in the elastography imaging market right now?

4. Which products or customer segments are growing the most in the elastography imaging market?

5. What factors are helping or slowing down the growth of the elastography imaging market?

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