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Elastography Imaging Market Size to Reach USD 7.9 Billion by 2032 growing at 9.5% CAGR - Exclusive Report by Acumen Research and Consulting

28 Oct 2024
ARC
Healthcare and Pharmaceuticals

The Elastography Imaging Market, valued at USD 3.6 Billion in 2023, is anticipated to surpass USD 7.9 Billion by 2032, reflecting a projected CAGR of 9.5%

Elastography imaging is a sophisticated medical imaging technology that evaluates the stiffness or elasticity of tissues and organs. It has gained popularity in recent years because of its non-invasive nature and capacity to improve diagnostic accuracy. Elastography detects the mechanical properties of soft tissues and is mostly used to diagnose pathological illnesses such liver fibrosis, malignancies, and musculoskeletal ailments. The technology is frequently integrated with ultrasound and magnetic resonance imaging (MRI) systems, enabling healthcare providers to make informed judgments based on tissue characterization.

Elastography Imaging Market Statistics

The increasing desire for early detection of chronic diseases is a primary driver of the elastography imaging industry. Elastography, which provides extensive information regarding tissue stiffness, is critical in the healthcare business for the early detection of liver illnesses such as cirrhosis and fibrosis, as well as malignant tumors. This information assists physicians in determining illness development and making prompt interventions. Furthermore, advances in ultrasound and MRI technology have improved elastography's accuracy and resolution, accelerating its use. Elastography combined with traditional imaging modalities provides healthcare providers with a more comprehensive image, allowing for better patient treatment.

The global elastography imaging market is expected to expand because to its growing applications in oncology, hepatology, and cardiovascular diagnostics. The rising frequency of chronic liver illnesses, as well as increased awareness of the benefits of early diagnosis, are expected to drive the market ahead. Furthermore, elastography is gaining popularity for assessing the elasticity of breast tissue, which helps to enhance breast cancer diagnosis.

Elastography Imaging Market Statistics

  • The global elastography imaging market was valued at USD 3.6 billion in 2023
  • The market is expected to grow at a steady annual rate of 9.5% from 2024 to 2032
  • North America accounts for 33% of the elastography imaging market
  • Asia-Pacific is growing at a CAGR of 10.2% within the elastography imaging market
  • Ultrasound modality generates the highest income in market
  • Hospitals end use have significantly contributed to revenue growth in the elastography imaging market
  • Increasing research and development for new applications creates new prospects for engagement

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Elastography Imaging Market Dynamics

Increasing Adoption of Elastography in Clinical Applications Fuels the Elastography Imaging Market

The elastography imaging market is expanding rapidly, owing to rising utilization in clinical settings. Healthcare professionals are increasingly using elastography to improve diagnostic accuracy and treatment success. In liver disease management, elastography has emerged as a favored method for non-invasive monitoring of liver stiffness, minimizing the requirement for liver biopsies. This has benefited patients greatly by lowering the dangers associated with invasive procedures. Furthermore, the use of elastography in oncology for tumor diagnosis and monitoring is growing because it provides useful insights into the mechanical properties of tumors, which aid in treatment planning.

Technological Advancements in Imaging Modalities

Technological improvements in ultrasound and MRI systems have had a significant impact on the elastography imaging market. Continuous advances in imaging technology have enhanced the accuracy, sensitivity, and specificity of elastography, allowing for greater observation of tissue elasticity. For example, shear wave elastography and strain elastography are two commonly utilized techniques that have improved elastography's diagnostic capabilities. These improvements have resulted in the creation of portable and point-of-care elastography equipment, which allow healthcare providers to perform imaging in a variety of clinical settings.

Growing Demand for Non-Invasive Diagnostic Tools

The growing inclination for non-invasive diagnostic technologies is a key driver of the elastography imaging market. As healthcare systems around the world change to patient-centered methods, there is a growing desire for diagnostic tools that reduce patient discomfort and the dangers associated with invasive procedures. Elastography is a safe and painless way to test tissue stiffness, making it useful in identifying illnesses like liver fibrosis, breast cancer, and thyroid issues. This increased desire for non-invasive diagnostics is projected to drive up demand for elastography across a variety of medical areas.

Elastography Imaging Market Segmentation

The worldwide elastography imaging market is splits into 4 segments: modality, application, industry, and regional markets

  • Modality: magnetic resonance, and ultrasound
  • Application: urology, radiology, obstetrics, orthopedic and musculoskeletal, cardiology, vascular, and others
  • End Use: ambulatory surgery centers, hospitals, and others
  • Regional: the Middle East & Africa, Asia-Pacific, Europe, Latin America, and North America

Elastography Imaging Market Regional Outlook

The Asia-Pacific region is predicted to see the most rapid expansion in the elastography imaging market, owing to increased healthcare investments, rising disposable incomes, and an expanding patient base. Countries such as China, India, and Japan are experiencing an increase in demand for innovative diagnostic technologies, including elastography. The increased prevalence of liver disease, breast cancer, and other chronic disorders in the region has accelerated the use of elastography in diagnostic centers and hospitals. Furthermore, rising knowledge of non-invasive diagnostic technologies and a greater emphasis on upgrading healthcare infrastructure in emerging economies contribute to market growth.

Elastography Imaging Market Players

Elastography imaging companies profiled in the report include Canon Medical Systems Corporation, FUJIFILM Corporation, Esaote SpA, GE Healthcare, Koninklijke Philips N.V., Hitachi, Ltd., Samsung Medison Co., Ltd., Mindray Bio-Medical Electronics Co., Ltd., Siemens, and Toshiba America Medical Systems, Inc.

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