Overview

Elastography Imaging Market Introduction

Elastography Imaging Market to value over US $ 6 billion and grow at a CAGR of over 10% during the forecast period of 2020 to 2029.

Elastography imaging is gaining popularity and replacing biopsy as it has additional advantages. It is a complete noninvasive procedure and is therefore preferred over other procedures. Elastography imaging is employed in the diagnosis of numerous chronic cancers. The services are primarily used to analyze liver disease as well. Elastography imaging find great applications in various medical practices and thus face high demand and is foreseen to grow at a healthy CAGR during the forecast period. A particular type of elastography imaging is used for musculoskeletal imaging to determine mechanical properties and state of muscle and tendon. Owing to these factors, the global market faces high demand and is expected to soar in the near future.

The growing number of fatal chronic diseases and their incidence due to an unhealthy lifestyle and habits lead to an increase in demand for healthcare facilities. Increasing incidences of various fatal ailments is expected to favor the demand for elastography imaging devices.The growing adoption of minimally invasive procedures favors the growth of the market. Furthermore, a rise in consumer awareness positively affects the global market.

Elastography imaging is a widely performed procedure serving as an inexpensive, portable and reliable diagnostic accuracy alternative to traditional means.

North America is the most significant region for the market due to the growing adoption of superior imaging techniques and the immediate commercialization of devices in the U.S. market. Western Europe is expected to contribute a major share in the market. Factors such as growing research projects and rising adoption of ultrasound screening favor the growth of the Europe market. 

Companies are focusing on the launch of new elastography imaging product, which expected to favor the growth of the market. Manufacturers are focusing on clinical trials and FDA approvals for market expansion. In 2017, FDA approved Phillips ElastQ Imaging capability (shear wave elastography) for imaging of tissue.

Major market firms in global  market are:

Samsung Medison, GE healthcare, Koninklijke Philips N.V., Siemens Healthineers, Hitachi Ltd., Mindray Medical International Limited, Fujifilm Holdings Corporation, Canon Medical Systems Corporation, Landwind Medical, Esaote SpA, SonoScape Medical Corp, SuperSonic Imagine and others.

Market Segmentation:

By Application 

● Radiology/General Imaging

● Cardiology

● Obstetrics/Gynecology

● Urology

● Vascular

● Orthopedic & Musculoskeletal Applications

● Other Applications

 By End-User

● Hospitals, Surgical Centers, & Diagnostic Centers   

● Ambulatory Surgical Centers

● Other End Users

By Region

● Europe

● North America

● APAC

● Latin America

● Rest of World

Competitive Landscape: 

● Tier 1 players- established companies in the market with a major market share

● Tier 2 players

● Emerging players which are growing rapidly

● New Entrants 

FutureWise Takeaways:

● Growth prospects

● SWOT analysis

● Key trends

● Key data points affecting market growth

Objectives of the Study:

● To provide an exhaustive analysis on the global market by application, by end-user, and by region

● To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)

● To evaluate and forecast micro-markets and the overall market

● To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the rest of the world

● To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions

Table of Contents

1 Introduction 
    1.1 Objectives of the Study 
    1.2 Market Definition 
    1.3 Market Scope 
           1.3.1 Markets Covered
           1.3.2 Years Considered for the Study
    1.4 Currency 
    1.5 Limitations 
    1.6 Stakeholders 

2 Research Methodology
    2.1 Research Data 
           2.1.1 Secondary Sources
           2.1.2 Key Data From Secondary Sources
           2.1.3 Primary Sources
                    2.1.3.1 Key Industry Insights
           2.1.4 Key Data From Primary Sources
    2.2 Market Size Estimation 
    2.3 Market Breakdown and Data Triangulation 

3 Executive Summary 

4 Premium Insights 
    4.1 Elastography Imaging: Market Overview 
    4.2 Europe: Elastography Imaging Market, By Application (2019) 
    4.3 market Share, By End User

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 market in 2019
    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 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 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 market During the Forecast Period
           9.2.2 Germany
                    9.2.2.1 Germany Accounted for the Largest Share in the European 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 
             10.1.1 Vanguards
             10.1.2 Innovators
             10.1.3 Dynamic Differentiators
             10.1.4 Emerging
     10.2 Market Ranking Analysis, 2017 
     10.3 Competitive Situation and Trends 
             10.3.1 Product Launches
             10.3.2 Expansions
             10.3.3 Partnerships
             10.3.4 Acquisitions

11 Company Profiles 
(Business Overview, Products Offered, Recent Developments, FutureWise View)*
     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. FutureWise
     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. 

*Business Overview, Products Offered, Recent Developments, FutureWise View Might Not Be Captured in Case of Unlisted Companies.

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