Elastography Imaging Market Expansion and the Impact of Non-invasive Imaging Solutions 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 3.98 billion by the year 2031, exhibiting a CAGR of 7.4% during the forecast period.

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Elastography is a medical imaging technique designed to map the elastic properties and stiffness of soft tissues. This system is employed to assess whether tissue is hard or soft, offering valuable diagnostic insights regarding the presence or progression of various diseases. For example, cancerous tumors are typically more rigid than surrounding tissue, and diseased livers are stiffer compared to healthy ones. The most commonly used methods for elastography involve magnetic resonance imaging (MRI) or ultrasound, which generate both stiffness maps and reference anatomical images. During ultrasound or MRI procedures, elastography utilizes low-frequency vibrations to measure the elasticity (or stiffness) of organs in vivo. The technique is primarily applied to assess the presence and severity of liver diseases. Magnetic resonance elastography (MRE), which combines low-frequency vibrations with MRI imaging, creates an elastogram-a visual representation of tissue stiffness. MRE is particularly valuable in diagnosing liver stiffness associated with chronic liver conditions caused by fibrosis and inflammation. The elastography imaging market is poised for significant growth, driven by its cost-effective, real-time, and portable solutions. This growth is further fueled by the increasing patient population resulting from aging demographics, rising co-morbidities, and constrained healthcare budgets.

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:
Breast cancer incidence is rising among women in both developed and developing countries, making it the second leading cause of cancer-related deaths globally, as reported by the American Cancer Society. Similarly, the U.S. Centers for Disease Control and Prevention (CDC) indicates that between 2012 and 2016, the average annual increase in deaths due to chronic liver disease in the U.S. was 5.3%, with males exhibiting higher mortality rates than females from cirrhosis and chronic liver disease during the same period. While biopsies have traditionally been the standard method for diagnosing breast cancer and chronic liver diseases, non-invasive techniques such as ultrasound-based elastography and magnetic resonance (MR) elastography are now gaining prominence in clinical practice.

Challenges:
Small businesses and new entrants face significant barriers to entering the elastography imaging market, as substantial investments are required. Success in this market necessitates the introduction of innovative products alongside the continuous development of existing technologies. Companies must invest heavily in research and development to remain competitive. Furthermore, to thrive in this market, firms must achieve economies of scale and effectively manage operational costs. A major challenge lies in navigating the stringent product approval processes and the long time-to-market for new products. For instance, the rigorous FDA approval process in the U.S. can take several years to complete.

Regional Trends:
North America is expected to dominate the elastography imaging market during the forecast period, driven by the increasing prevalence of chronic diseases such as breast cancer, liver disease, cardiovascular conditions, and musculoskeletal disorders. Market growth will be further supported by increased corporate activity, higher healthcare spending, and a well-established healthcare infrastructure. Additionally, the demand for non-invasive or minimally invasive diagnostic methods for detecting chronic diseases is projected to rise, contributing to the expansion of the market in the region.

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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.