Elastography Imaging Market Trends and Forecast: $4.96 Billion by 2031.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Elastography Imaging Market Size, Share & Trends Analysis Report By Modality (Ultrasound Elastography, Magnetic Resonance Elastography), By Application (Radiology, Cardiology, Urology, Vascular, Obstetrics), By End-use (Hospitals, ASCs), Region, Market Outlook And Industry Analysis 2031"

The global Elastography Imaging market is estimated to reach over USD 4.96 billion by 2031, exhibiting a CAGR of 7.52% during the forecast period.

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A medical imaging technique or system called elastography maps the elastic characteristics and stiffness of primarily soft tissue. The system is used to determine whether a tissue is hard or soft and provides diagnostic information about the disease's presence or progression. Cancerous tumors, for instance, are frequently harder than the tissue around them, and sick livers are stiffer than healthy ones. The most popular methods use magnetic resonance imaging (MRI) or ultrasound to create both the stiffness map and a reference anatomical image. When doing an ultrasound or MRI, elastography uses low-frequency vibrations to assess the elasticity (or stiffness) of the organs in-vivo. It is mostly used to determine whether liver disease is present and how severe it is. Through the use of low-frequency vibrations and MRI imaging, magnetic resonance elastography (MRE) produces an elastogram, a visual representation of the stiffness of bodily tissues. MRE is currently utilised to identify the stiffness of the liver in chronic liver disease brought on by fibrosis and inflammation. The elastography imaging industry is clearly in a unique position to expand due to its affordable, real-time, portable solutions as patient numbers continue to rise due to ageing populations and rising co-morbidities, and budgets continue to contract.

List of Prominent Players in the Elastography Imaging Market:
• CANON MEDICAL SYSTEMS CORPORATION
• Esaote SpA
• Fujifilm Corporation
• GE Healthcare
• Supersonic Imagine
• Hologic, Inc
• Koninklijke Philips N.V.
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
• Resoundant, Inc
• Siemens

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Market Dynamics:
Drivers-
Women in both developed and poor nations are more likely to acquire breast cancer. Breast cancer is the second-leading cause of cancer-related deaths among women worldwide, according to the American Cancer Society. Similar to this, the US CDC reports that between 2012 and 2016, the average annual rise in deaths from chronic liver disease in the US was 5.3%. Males died at higher rates than females from cirrhosis and chronic liver disease between 2006 and 2016. Although biopsies have historically been the gold standard for diagnosing breast cancer and chronic liver disorders, noninvasive methods like ultrasound-based elastography and magnetic resonance (MR) elastography are now taking centre stage.

Challenges:
Small firms and new entrants in the elastography imaging market have a substantial hurdle because entry into this market requires sizable investments. This market necessitates both the introduction of new items as well as the ongoing development of current products and technology. In order to be competitive, businesses must make significant R&D investments. Small firms and new entrants have a great challenge because market participants must also retain economies of scale and lower operational costs to successfully survive in the market. The existence of a strict product approval procedure and the lengthy time-to-market for a new product are further hurdles. Because of the strict requirements, the FDA clearance procedure, for instance, in the US, takes many years to complete.

Regional Trends:
Due to factors like the rising prevalence of chronic diseases like breast cancer, liver disease, cardiovascular diseases, musculoskeletal disorders, and others, North America is anticipated to lead the elastography imaging market over the forecast period. The expansion of the market under study throughout the anticipated period will also be aided by increased corporate activity, rising healthcare spending, and the presence of an established healthcare infrastructure. Additionally, over the projected period, there will likely be a rise in the need for non-invasive or minimally invasive approaches for the detection of chronic diseases.

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Recent Developments:
• In May 2022, HiFR Sound Touch Elastography was a component of the Resona I9 Advanced Technologies introduced by Mindray. It made it possible for quicker refresh rates and smoother transition times for more reliable acquisition and evaluation during live 2D shear wave imaging.
• In March 2022, Real-time Tissue Elastography (RTE) and Shear Wave Measurement (SWM), which color-code and quantify tissue stiffness, respectively, are two new ultrasound technologies from FUJIFILM Healthcare Europe that support comprehensive diagnoses of hepatic diseases like hepatitis, hepatic fibrosis, and hepatic cirrhosis.

Segmentation of Elastography Imaging Market-
By Modality-
• Ultrasound
• Magnetic Resonance
By Application-
• Radiology/general imaging
• Cardiology
• OB/GYN
• Urology
• Vascular
• Orthopedic and musculoskeletal applications
• Other applications
By End-User-
• Hospitals
• Surgical centers
• Diagnostic centers
• Ambulatory surgical centers
• Other end-users
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• Southeast Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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This release was published on openPR.