Elastography Imaging Market Competitive Research And Precise Outlook 2021 To 2025

The Global Elastography Imaging Market Report provides a study with an in-depth overview, describing the product/industry scope and elaborates market outlook and status (2021-2025). The report is curated after in-depth research and analysis by experts. The report provides comprehensive valuable insights on the global Elastography Imaging market development activities demonstrated by industry players, growth opportunities, and market sizing with analysis by key segments, leading and emerging players, and geographies.

The Elastography Imaging market is anticipated to grow with a CAGR of 8.5%, during the forecast period.

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Top Companies in the Global Elastography Imaging Market: Canon Medical Systems Corporation, Fujifilm Holdings Corporation, GE Healthcare, Koninklijke Philips N.V., Mindray Medical International Limited, Siemens AG, Samsung Medison, Hitachi, Ltd., Esaote SpA, Toshiba America Medical Systems, Inc.

Key Market Trends

Ultrasound Segment is Expected to Hold the Largest Market Share in the Elastography Imaging Market

The ultrasound segment is found dominating the market owing to the attributes such as affordability, quick turnaround time, and easy accessibility. Ultrasound elastography is a gradual substitution for traditional ultrasound systems used for organ examination and biopsy. It is expected that painless precise diagnostic imaging of such imaging devices can stimulate market growth during the forecast period.

As per the statistics from GLOBOCAN 2018, worldwide there are around 2,088,849 individuals that have breast cancer. Asia remains the leading contributor in the rising incidence of breast cancer (both sexes) with a reported share of 43.6% followed by Europe, North and Latin America, Africa, and Oceania with a share of 25%, 12.6% and 9.6%, 8.1%, and 1.2% respectively. Hence with the increasing incidence of breast cancer thus helps in contributing to the overall market growth.

Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Europe Dominates the Market and Expected to do Same in the Forecast Period

Europe is expected to dominate the overall elastography imaging market, throughout the forecast period. This is owing to factors such as rising initiatives to carry out research and development activities are the key factor in this market's growth in the region. Rising incidence of breast cancer in the region and the growing government initiatives for cancer screening that involves ultrasound systems featuring elastography and ongoing clinical research is augmenting the demand at the regional market.

Belgium, Luxembourg, and the Netherlands are the top three countries in the world having the highest rate of breast cancer in women, which is further expected to boost the elastography imaging demand in this region.

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