Global Elastography Imaging Market Research Report 2019: Market Size is Expected to Grow from USD 2.5 Billion in 2018 to USD 4.6 Billion by 2024
DUBLIN, May 1, 2019 /PRNewswire/ -- The "Elastography Imaging Market by Modality, Application, End User - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
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The elastography imaging market size 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.
The elastography imaging market is growing incidence of breast cancer and chronic liver diseases, and a rising preference for minimally invasive procedures across the globe are the key factors driving the market.
Ultrasound segment is expected to grow at a higher CAGR during the forecast period.
The elastography imaging market, by modality, has been categorized into ultrasound and magnetic resonance elastography, of which the ultrasound segment is the faster-growing segment. Ultrasound imaging involves the imaging of organs by exposing the anatomy to high-frequency sound waves. Ultrasound segment accounted for a larger share of this market.
This is because some of the key advantages such as relatively low cost, quicker procedures, and wider availability. 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.
Europe is projected to hold the largest market share in the year 2018.
Europe is estimated to be the largest regional market for elastography imaging, followed by North America. The large share of this regional segment is attributed to the ongoing clinical research projects in elastography, the early commercialization of these devices in the region, and the significant healthcare expenditure across mature European countries.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Elastography Imaging: Market Overview
4.2 Europe: Elastography Imaging Market, By Application (2018)
4.3 Elastography Imaging Market Share, By End User, 2018 vs 2024
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Incidence of Breast Cancer and Chronic Liver Diseases
5.2.1.2 Increasing Demand for Minimally Invasive Procedures
5.2.2 Restraints
5.2.2.1 High Cost of Elastography Imaging Systems
5.2.2.2 Unfavorable Reimbursement Scenario
5.2.3 Opportunities
5.2.3.1 Emerging Markets
5.2.4 Challenges
5.2.4.1 Survival of Small Players and Entry Barriers for New Players
6 Elastography Imaging Market, By Modality
6.1 Introduction
6.2 Ultrasound
6.2.1 Ultrasound Segment Accounted for the Dominant Share of the Elastography Imaging Market in 2018
6.3 Magnetic Resonance Elastography
6.3.1 MRE Can Be Incorporated Into A Standard Mri Examinations to Provide Rapid, Reliable, and Comprehensive Imaging Assessment
7 Elastography Imaging Market, By Application
7.1 Introduction
7.2 Radiology/General Imaging
7.2.1 Radiology/General Imaging is the Largest Application Segment of the Elastography Imaging Market
7.3 Cardiology
7.3.1 Rising Incidence of Cardiac Diseases to Drive Market Growth
7.4 Obstetrics/Gynecology
7.4.1 Stringent Government Regulations Governing the Obstetric Use of Ultrasound Devices to Restrain Market Growth
7.5 Urology
7.5.1 Rising Incidence of Prostate Cancer to Drive Market Growth
7.6 Vascular
7.6.1 Rising Incidence of Vascular Disorders Coupled With the Greater Adoption of Vascular Ultrasound for Disease Diagnosis to Support Market Growth
7.7 Orthopedic & Musculoskeletal Applications
7.7.1 Lack of Skilled Sonographers for Imaging Musculoskeletal-Based Disorders to Challenge Market Growth
7.8 Other Applications
8 Elastography Imaging Market, By End User
8.1 Introduction
8.2 Hospitals, Surgical Centers, & Diagnostic Centers
8.2.1 Hospitals, Surgical Centers, & Diagnostic Centers are the Largest End Users of the Elastography Imaging Market
8.3 Ambulatory Surgical Centers
8.3.1 Increasing Number of Image-Guided Surgeries Performed in the Ascs is A Key Factor Driving Market Growth
8.4 Other End Users
8.4.1 Growing Number of Industry-Academia Collaborations Likely to Drive the Other End Users Market
9 Elastography Imaging Market, By Region
9.1 Introduction
9.2 Europe
9.2.1 Europe is Expected to Dominate the Global Elastography Imaging Market During the Forecast Period
9.2.2 Germany
9.2.2.1 Germany Accounted for the Largest Share in the European Elastography Imaging Market
9.2.3 France
9.2.3.1 Need for Early Cancer Detection is A Key Factor Driving Market Growth in France
9.2.4 UK
9.2.4.1 The Increasing Proportion of Geriatric Individuals Will Contribute to Market Growth
9.2.5 Rest of Europe
9.3 North America
9.3.1 Rising Preference to Minimally Invasive Procedure to Drive This Market
9.3.2 US
9.3.2.1 US Expected to Hold the Largest Share of the North American Market in the Forecast Period
9.3.3 Canada
9.3.3.1 Increasing Incidence of Breast Cancer and Government Initiatives for Breast Cancer Awareness to Drive Market Growth in Canada
9.4 Asia Pacific
9.4.1 High Focus on Healthcare Modernization Will Create Growth Opportunities
9.5 Rest of the World
10 Competitive Landscape
10.1 Introduction
10.2 Market Ranking Analysis, 2017
10.3 Competitive Situation and Trends
11 Company Profiles
11.1 General Electric Company
11.2 Koninklijke Philips N.V.
11.3 Siemens AG
11.4 Canon Medical Systems Corporation
11.5 Hitachi Ltd.
11.6 Samsung Electronics (Samsung Medison)
11.7 Fujifilm Holdings Corporation
11.8 Mindray Medical International Ltd.
11.9 Esaote
11.10 Supersonic Imagine
11.11 Resoundant Inc.
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