According to research report the Elastography Imaging Market
is expected to grow from USD 2.5 billion in 2018 to USD 4.6 billion by
2024, at a Compound Annual Growth Rate (CAGR) of 11.0% during the
forecast period.
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The major driving factors in the elastography imaging market are
growing incidence of breast cancer and chronic liver diseases, and a
rising preference for minimally invasive procedures across the globe.
Asia-Pacific is projected to account for the fastest growth in the elastography imaging market during the forecast period.
Asia-Pacific is estimated to grow at a highest CAGR during the forecast
period. The Asia Pacific elastography system market, particularly
comprises Asian countries (such as India, China, South Korea, Japan, and
Indonesia, among others) and Pacific countries (such as Australia, New
Zealand, and Fiji, among others). Emerging Asia Pacific countries, such
as India, China, Japan, South Korea, and Indonesia, are witnessing
increasing per capita healthcare expenditure and rapid expansion and the
modernization of their respective healthcare infrastructure.
The hospitals, surgical & diagnostic centers segment, by end user,
is projected to occupy the majority of the elastography system market
share and grow at the fastest rate during the forecast period.
Based on end user, the global elastography imaging market is segmented
into hospitals, surgical & diagnostic centers; ambulatory surgical
centers; and other end users. The large share of this segment can be
attributed to the significant number of ultrasound and MRI-based
elastography medical procedures performed in hospitals, growing trend of
workflow automation among healthcare providers, and rising adoption of
minimally invasive diagnostic & surgical procedures in these
facilities.
The ultrasound elastography imaging segment is
expected to account largest share in the global elastography system
market during the year 2018.
On the basis of modality, the
elastography system market is segmented into ultrasound and magnetic
resonance. Ultrasound imaging involves the imaging of organs by exposing
the anatomy to high-frequency sound waves. Elasticity imaging or
elastography through ultrasound elastography (USE) provides
complementary information to conventional ultrasound by adding stiffness
as another measurable property to current ultrasound imaging
techniques.
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The major Elastography Imaging Market players include GE Healthcare
(US), Siemens Healthineers (Germany), Philips Healthcare (Netherlands),
Canon Medical System Corporation (Japan), Samsung Medison (South Korea),
Hitachi Ltd. (Japan), Shenzhen Mindray Bio-Medical Electronics Co.
(China), FUJIFILM Holdings Corporation (Japan), Esaote (Italy),
SuperSonic Imagine (France), and Resoundant (US).
