Elastography Imaging Market Size, Share, Analysis, Trends, Growth, Forecasts, 2032

Elastography Imaging Industry Perspective

The global elastography imaging market size accrued earnings worth approximately USD 2.67 Billion in 2023 and is predicted to gain revenue of about USD 5.30 Billion by 2032, is set to record a CAGR of nearly 7.9% over the period from 2024 to 2032.

The report covers a forecast and an analysis of the elastography imaging market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion). The study includes the drivers and restraints of the elastography imaging market along with their impact on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the patient handling device market on a global level.

Request Free Sample

Elastography Imaging Market Overview

Elastography is a medical technique used to study the elastic properties and stiffness of the muscles. Its main purpose is to find whether tissue is hard or soft to get the diagnostic information about the occurrence or status of a disease. The most widely used techniques are magnetic resonance imaging (MRI) or ultrasound, to create both an anatomical image and the stiffness map for comparison. The increasing incidences of breast and liver cancer, the growing use of advanced diagnosis technique in cancer treatment, rising investments made in research funding, and rapidly developing diagnostic facilities are driving the elastography imaging market globally.

Request Free Sample

Elastography Imaging Market Growth Factors

Rising prevalence of different types of cancers and chronic diseases and increasing preference for minimally invasive procedures for cancer diagnosis and treatment are fuelling the elastography imaging market. Technological advancements witnessed in the medical industry and a growing number of government initiatives to fund cancer research are also contributing to this global market’s growth. Increasing prevalence of cancer and other chronic diseases has led to the elevated demand for elastography imaging techniques with high-content screening techniques for diagnosis and treatment. However, the high cost of elastography imaging systems and unfavorable reimbursement scenario may restrain the elastography imaging market. Alternatively, the use of elastography imaging for cancer research is anticipated to generate new growth opportunities in the elastography imaging market over the forecast time period.

Elastography Imaging Market: Segmentation

The elastography imaging market is categorized on the basis of modality, application, and end-user.

By modality, the market is categorized into ultrasound and magnetic resonance elastography. The ultrasound segment held the largest market share in 2023, owing to its quick procedure, low-cost technique, and easy availability.

By application, the market includes radiology, cardiology, OB/GYN, vascular, orthopedic, and musculoskeletal. The radiology segment accounted for the largest share in 2023, due to its wide utilization in the diagnosis and treatment of various diseases like cancer, soft tissue, and abdominal injuries.

By end-user, the elastography imaging market includes diagnostic laboratories, hospitals, ambulatory surgical centers, and clinics. Hospitals and diagnostic laboratories accounted for the largest market shares in 2023, due to the increasing focus on MRI-based elastography imaging and ultrasound.

Elastography Imaging Market: Report Scope

Elastography Imaging Market: Regional Insights

Europe is expected to dominate the elastography imaging market globally over the forecast time period, owing to the growing investments made by the regional governments in research facilities, ongoing research on cancer, commercialization of elastography imaging, and rising cancer cases. North America held the second spot of the elastography imaging market, due to the increasing chronic diseases and cancer incidences. The Asia Pacific is an emerging market for elastography imaging. China dominated this regional market due to increasing cancer prevalence and rising demand for its detection techniques.

Elastography Imaging Market: Key Players

Some key players operating in the elastography imaging market are:

• GE Healthcare
• Siemens Healthineers
• Philips Healthcare
• Canon Medical System
• Samsung Medison
• Hitachi
• Shenzhen Mindray Bio-Medical Electronics
• FUJIFILM Holdings
• Esaote
• SuperSonic Imagine
• Resoundant

This report segments the global elastography imaging market into:

Global Elastography Imaging Market: By Modality

• Magnetic Resonance Elastography
• Ultrasound

Global Elastography Imaging Market: By Application

• Cardiology
• Radiology
• Vascular
• OB/GYN
• Orthopedic
• Musculoskeletal

Global Elastography Imaging Market: By End-User

• Hospitals
• Clinics
• Diagnostic Laboratories
• Ambulatory Surgical Centers

Global Elastography Imaging Market: By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa