Elastography Imaging Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Elastography Imaging Market is Segmented by Modality (Ultrasound Elastography and Magnetic Resonance Elastography), Application, End-User, and Geography

Market Snapshot

Elastography Imaging Market
Study Period: 2018 - 2026
Base Year: 2019
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: 8.5 %

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Market Overview

The Elastography Imaging market is anticipated to grow with a CAGR of 8.5%, during the forecast period. The major factors attributing to the growth of the market are the rising incidence of chronic liver diseases, breast cancer, and others. There is also a rise in demand for minimally invasive surgeries that are upsurging the demand for elastography imaging.

In 2018, as per the WHO statistics, breast cancer is the second major type of cancer in terms of incidences cases. Breast cancer is perhaps the most frequently diagnosed cancer in females. As per the WCRF International in 2018, there were more than 2 million new cases of breast cancer reported globally. 

And there are few more factors which are playing crucial roles in taking the elastography market to the next level, among them one is the benefits related to elastographic imaging which includes operator independence, reproducibility and the ability to evaluate tissue elasticity in a quantitative, qualitative and semi-quantitative way which is expected to further boost the growth of the global elastography imaging market.

Scope of the Report

As per the scope of the report, elastography is a type of medical imaging that depicts the soft tissue elastic properties and rigidity. Magnetic Resonance Imaging an Ultrasound seems to be the most common technique for elastography used to measure stiffness and assessing many diseases.

By Modality
Utrasound Elastography
Magnetic Resonance Elastography
By Application
Cardiology
Radiology
Urology
Vascular
Obstetrics/Gynecology
Others
By End User
Hospitals
Ambulatory Surgical Centers
Surgical & Diagnostic centers
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Ultrasound Segment is Expected to Hold the Largest Market Share in the Elastography Imaging Market

The ultrasound segment is found dominating the market owing to the attributes such as affordability, quick turnaround time, and easy accessibility. Ultrasound elastography is a gradual substitution for traditional ultrasound systems used for organ examination and biopsy. It is expected that painless precise diagnostic imaging of such imaging devices can stimulate market growth during the forecast period.

As per the statistics from GLOBOCAN 2018, worldwide there are around 2,088,849 individuals that have breast cancer. Asia remains the leading contributor in the rising incidence of breast cancer (both sexes) with a reported share of 43.6% followed by Europe, North and Latin America, Africa, and Oceania with a share of 25%, 12.6% and 9.6%, 8.1%, and 1.2% respectively. Hence with the increasing incidence of breast cancer thus helps in contributing to the overall market growth.

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Europe Dominates the Market and Expected to do Same in the Forecast Period

Europe is expected to dominate the overall elastography imaging market, throughout the forecast period. This is owing to factors such as rising initiatives to carry out research and development activities are the key factor in this market's growth in the region. Rising incidence of breast cancer in the region and the growing government initiatives for cancer screening that involves ultrasound systems featuring elastography and ongoing clinical research is augmenting the demand at the regional market.

Belgium, Luxembourg, and the Netherlands are the top three countries in the world having the highest rate of breast cancer in women, which is further expected to boost the elastography imaging demand in this region.

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Competitive Landscape

The elastography imaging market is moderately competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. And some prominent players are vigorously making acquisitions and new product launches with the other companies to consolidate their market positions across the globe.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Rising Incidence of Chronic Ailments and Breast Cancer

      2. 4.2.2 Growing Demand for Minimally Invasive Surgeries

    3. 4.3 Market Restraints

      1. 4.3.1 Adverse Scenario of Reimbursement

      2. 4.3.2 High Price of Imaging Devices for Elastography

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Modality

      1. 5.1.1 Utrasound Elastography

      2. 5.1.2 Magnetic Resonance Elastography

    2. 5.2 By Application

      1. 5.2.1 Cardiology

      2. 5.2.2 Radiology

      3. 5.2.3 Urology

      4. 5.2.4 Vascular

      5. 5.2.5 Obstetrics/Gynecology

      6. 5.2.6 Others

    3. 5.3 By End User

      1. 5.3.1 Hospitals

      2. 5.3.2 Ambulatory Surgical Centers

      3. 5.3.3 Surgical & Diagnostic centers

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Canon Medical Systems Corporation

      2. 6.1.2 Fujifilm Holdings Corporation

      3. 6.1.3 GE Healthcare

      4. 6.1.4 Koninklijke Philips N.V.

      5. 6.1.5 Mindray Medical International Limited

      6. 6.1.6 Siemens AG

      7. 6.1.7 Samsung Medison

      8. 6.1.8 Hitachi, Ltd.

      9. 6.1.9 Esaote SpA

      10. 6.1.10 Toshiba America Medical Systems, Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Elastography Imaging Market market is studied from 2018 - 2026.

The Elastography Imaging Market is growing at a CAGR of 8.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2019.

Canon Medical Systems Corporation, Fujifilm Holdings Corporation, GE Healthcare, Koninklijke Philips N.V., Mindray Medical International Limited are the major companies operating in Elastography Imaging Market.

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