Elastography Imaging Market Report

Elastography Imaging Market Analysis, Market Size, Modality Analysis, Application Analysis, End User Analysis, Regional Outlook, Competitive Strategies, And Segment Forecasts, 2019 To 2026

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  • Report ID: GVR5876
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Global Elastography Imaging Market is projected to witness significant growth in the next seven years. Elastography is one of the most preferred non-invasive imaging technique. Increasing incidences of cancer, rising chronic liver disorders worldwide, and rising demand for minimally invasive procedures are some of the principal factors which are expected to drive the elastography imaging market.

Growing awareness and increasing adoption of the advanced technique is expected to boost the growth of elstography market in developing nations. In addition, increasing number of ongoing studies is expected to fuel the number of new products and expand the applications of elastography during forecast period. A global investigating team researched functional MR Elastography (fMRE) to plot tissue stiffness to track the brain activity occurring in bursts as short as 100 milliseconds. The revised fMRI presents firm response of milliseconds and measures high-level cognitive processes, as compared to the traditional fMRI.

Increasing cases of cancers, especially breast cancer is boosting the demand for elastography imaging systems. According to a study presented by Dr. Stamatia Destounis of Elizabeth Wende Breast Care in Rochester at American Institute for Ultrasound in Medicine (AIUM), Orlando, FL, breast elastography technique helps radiologists to distinguish between malignant and benign lesion.

In terms of modality, elastography imaging market is categorized as ultrasound and magnetic resonance elastography. Ultrasound segment is anticipated to witness considerable growth owing to its benefits such as cost efficiency, faster surgery, and availability.

By application, radiology segment dominated the market in 2018 due to extensive use in radiology ultrasound and image-guided radiotherapy. In addition, easy availability of elastography systems and rising number of skilled radiologists are the factors ultimately propelling the market. Cardiology domain is also growing at a faster rate due to increasing incidences of cardiovascular disorders.

Geographically, elastography imaging market is segmented as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is predicted to hold larger share of the market due to ongoing research activities, increasing efforts by manufacturers for commercialization, and growing awareness and importance among end users. The major players in the industry include Siemens Healthineers, GE Healthcare, Resoundant, Philips Healthcare, FUJIFILM Holdings Corporation, Samsung Medison, Hitachi Ltd., Canon Medical System Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Esaote, and SuperSonic Imagine.

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