Elastography Imaging Market Landscape 2025: Forecast Data and Growth Strategy Insights

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What Is the Expected CAGR for the Elastography Imaging Market Through 2025?
The market size for elastography imaging has witnessed a significant increase in recent times. It is set to expand from $3.56 billion in 2024 to $3.91 billion in 2025, reflecting a compound annual growth rate (CAGR) of 9.6%. Factors that contributed to its growth in the past period encompass clinical validation and acceptance, the inception of shear wave elastography, broadening beyond liver imaging, as well as the creation of software and algorithms.

What's the Projected Size of the Global Elastography Imaging Market by 2029?
The market size for elastography imaging is projected to significantly expand in the coming years, reaching a value of "$5.8 billion by 2029 with a compound annual growth rate (CAGR) of 10.4%. The anticipated growth during this period can be ascribed to the expansion and growth of the market, world healthcare trends, cost-effectiveness and affordability, increased preference for non-invasive diagnostics and its clinical acceptance. Major emerging trends include clinical developments, the incorporation of shear wave elastography (SWE), instantaneous imaging, integration of multi-modal imaging and broader clinical applications.

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Top Growth Drivers in the Elastography Imaging Industry: What's Accelerating the Market?
The augmenting frequency of chronic liver and breast cancer is likely to bolster the development of the elastography imaging market. This term refers to the scenario where liver cells multiply uncontrollably, leading to a life-threatening disease. As an ultrasound-based method often utilized in hepatology to assess liver stiffness in individuals with chronic liver disease, elastography's importance arises. Thus, the intensifying prevalence of chronic liver and breast cancer underpins the growth of the elastography imaging market. Illustrating this point, in January 2023, the 'Cancer Facts And Figures 2023' report by the American Cancer Society indicated 13,230 new instances of liver and intrahepatic bile duct cancer in women in the United States. Hence, the growing occurrence of chronic liver and breast cancer is fueling the advancement of the elastography imaging market.

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What Trends Will Shape the Elastography Imaging Market Through 2029 and Beyond?
The growing popularity of technologically sophisticated elastography imaging devices is a significant trend emerging in the elastography imaging market. To maintain their market position, major firms in the elastography imaging market are putting their efforts into innovative elastography imaging equipment. For example, in May 2022, Mindray Medical International Limited, a leading medical equipment manufacturing business based in China, introduced the Resona I9 Ultrasound Machine. This Shear Wave Elastography (SWE) enabled system uses an intelligent iConsole control panel and customizable E-Ink keys, supplemented with a 2-hour battery life. The Resona I9 stands out with its advanced ultrasound features, striking a balance between resolution, tissue uniformity, and sharp imagery, underpinned by Mindray's pioneering ZONE Sonography Technology+ (ZST+). With the help of shear-wave elastography, the I9 can achieve higher frame rates, increased refresh rates, and smoother transitions.

What Are the Main Segments in the Elastography Imaging Market?
The elastography imaging market covered in this report is segmented -

1) By Modality: Ultrasound, Magnetic Resonance
2) By Application: Radiology, Cardiology, Obstetrics, Urology, Vascular, Orthopedic and Musculoskeletal, Other Applications
3) By End Use: Hospitals, Ambulatory Surgery Centers, Other End Uses

Subsegments:
1) By Ultrasound: Shear Wave Elastography (SWE), Strain Elastography, Acoustic Radiation Force Impulse (ARFI) Imaging
2) By Magnetic Resonance: Magnetic Resonance Elastography (MRE), Diffusion-Weighted Imaging (DWI) With Elastography, Dynamic Contrast-Enhanced Imaging With Elastography

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Which Top Companies are Driving Growth in the Elastography Imaging Market?
Major companies operating in the elastography imaging market include Canon Medical Systems Corporation, Esaote S.p.A., GE Healthcare Technologies Inc., Koninklijke Philips N.V., Mindray Bio-Medical Electronics Co. Ltd., Samsung Medison Co. Ltd., Siemens Healthineers AG, Clarius Mobile Health Corp., Toshiba America Medical Systems Inc., SuperSonic Imagine, Resoundant Inc., Shimadzu Corporation, BK Medical Holding Company Inc., SonoScape Medical Corp., Philips Healthcare, Hitachi Medical Systems, Fujifilm Holdings Corporation, Analogic Corporation, Exact Imaging Inc., Echosens, Konica Minolta Healthcare Americas Inc., Arterys Inc., Fovia Medical Inc, QT Ultrasound LLC, Healcerion Co. Ltd., EDAP TMS Inc.

Which Regions Will Dominate the Elastography Imaging Market Through 2029?
Asia-pacific was the largest region in the elastography imaging market in 2024. The regions covered in the elastography imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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