Global Elastography Imaging Market : Strategic Assessment, Latest Innovations, Drivers, Restraints, Challenges to 2026
Data Bridge Market Research has recently added a concise research on Global Elastography Imaging Market to depict valuable insights related to significant market trends driving the industry. The report features analysis based on key opportunities and challenges confronted by market leaders while highlighting their competitive setting and corporate strategies for the estimated timeline. Some are the key & emerging players that are part of coverage and have being profiled are Shenzhen Mindray Bio-Medical Electronics Co., Ltd.; ESAOTE SPA; Supersonic Imagine; Resoundant, Inc.; Advanced Instrumentations; BK Medical Holding Company, Inc. and SonoScape Medical Corp., among others.
Analysis of Global Elastography Imaging Market report:
Global elastography imaging market is expected to rise to an estimated value of USD 6.54 billion by 2026 registering a healthy CAGR in the forecast period of 2019-2026. This rise in the market value can be attributed to the increasing preference of undergoing minimally invasive diagnostic procedures, coupled with a number of product approvals in the market.
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Definition:
Elastography imaging is a specialized method of diagnosis of soft tissues of patients. This detection of softness or hardness results in isolating identifying any disorders with the patient. This imaging technique is utilized majorly in ultrasound or MRI to provide a visual image of the diagnostic area. It is a minimally-invasive diagnostic technique for detecting cancerous cell unlike biopsies which are generally quite painful.
Market Drivers
- Increasing prevalence of liver disorders along with an increase in breast cancer cases; this factor is expected to drive the growth of the market
- Pain-less accurate diagnostic imaging process of these imaging systems is expected to foster growth of the market value
- Increased demand from the Asia-Pacific region due to the authorities taking steps to utilize screening/imaging of the population; this factor is expected to drive the growth of the market
- With the development of shear wave elastography technique, operators can be dependent on advance equipment to help repeat the same accurate diagnosis with little or no modifications to the method; this factor is expected to augment growth of the market
Market Restraints
- Large financial costs associated with these medical devices; this factor is expected to restrain the growth of the market
- Lack of supportive reimbursement scenarios is expected to hamper the growth of the market
- Requirement of skilled and knowledgeable professionals required to operate the device and capture accurate diagnostic images hampers the growth of the market
Top Manufacturers Profiles Operating in the Global Elastography Imaging Market:
Few of the major competitors currently working in the global elastography imaging market are GENERAL ELECTRIC COMPANY; Koninklijke Philips N.V.; Siemens; CANON MEDICAL SYSTEMS CORPORATION; Hitachi, Ltd.; SAMSUNGHEALTHCARE.COM; FUJIFILM Corporation; Shenzhen Mindray Bio-Medical Electronics Co., Ltd.; ESAOTE SPA; Supersonic Imagine; Resoundant, Inc.; Advanced Instrumentations; BK Medical Holding Company, Inc. and SonoScape Medical Corp., among others.
Global Elastography Imaging Market Segmentation:
By Modality
- Ultrasound
- Magnetic Resonance Elastography
By Application
- Radiology/General Imaging
- Cardiology
- Obstetrics/Gynecology
- Urology
- Vascular
- Orthopedic & Musculoskeletal
- Others
By End-Users
- Hospitals, Surgical Centers & Diagnostic Centers
- Ambulatory Surgical Centers
- Others
By Geography
- North America
- South America
- Europe
- Asia Pacific
- Middle-east and africa
Competitive Landscape:
Global elastography imaging market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of elastography imaging market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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