Market Overview:
The global elastography market is expected to grow at a CAGR of 10.8% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of cancer, technological advancements in elastography devices, and rising demand for minimally invasive procedures. Ultrasound elastography is the most commonly used type of elastography and is expected to dominate the market during the forecast period. This can be attributed to its low cost and easy availability. Magnetic resonance elastography (MRE) is a relatively new technology that is gaining popularity due to its ability to provide high-resolution images of tissues. It is expected to grow at a high rate during the forecast period.
Product Definition:
Elastography is the medical imaging technique that uses ultrasound or MRI to measure the elasticity of tissues. The information provided by elastography can be used to distinguish benign from malignant tumors and to guide biopsies.
Ultrasound Elastography:
Ultrasound elastography is a non-invasive medical procedure used to measure the soft tissue elasticity of various parts of the body. The ultrasonic transducer is placed on or near the skin and it creates an ultrasound image that can be analyzed by computer software to determine areas of stiff, soft or loose tissues. This test helps detect problems in muscles, ligaments and tendons at early stages so as to prevent severe injuries from occurring.
Magnetic Resonance Elastography (MRE):
Magnetic Resonance Elastography (MRE) is a non-invasive medical procedure used to evaluate soft tissue elastosis, elasticity or laxity. It utilizes magnetic resonance imaging (MRI) for the detection of elastolytic lesions and other tissues that may be causing pain. MRE can detect early stages of tumors or inflammation and allows surgeons to plan effective treatment procedures.
Application Insights:
The others segment held the largest market share in 2017 and is anticipated to grow at a significant rate over the forecast period. This can be attributed to its non-invasive, real-time imaging modality that provides tissue elasticity measurement with high accuracy and sensitivity. The cancer segment is expected to register the fastest growth during the forecast period owing to increasing prevalence of cancer worldwide coupled with rising demand for sensitive diagnostic procedures.
Elastography finds wide applications in liver disease management, including assessment of liver fibrosis stage, scarring on ultrasound images and steatosis on MRI images. It also has promising applications in musculoskeletal conditions such as osteoarthritis or rheumatoid arthritis where there are joint spaces between tissues that remain stiffer after pain relief medication has worn off. These factors are likely to increase product adoption across various clinical settings thereby driving global revenue generation over the coming years.
Regional Analysis:
North America dominated the global elastography market in 2017. This can be attributed to the presence of major players, high adoption rate of advanced technologies and increasing healthcare expenditure in this region. In addition, favorable reimbursement policies are also expected to drive growth during the forecast period. Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to factors such as improving healthcare infrastructure and rising awareness about early diagnosis of diseases.
Major companies include but are not limited to: Abbott; Aquasonic Corp.; Aspen Diagnostics Corporation; Bio-Rad Laboratories Inc.; BMG Bioprocessing GmbH & Co., KGaA; CELnorm Ltd.; Coloplast Limited; Cytiva AG & Co., Ltd.
Growth Factors:
- Increasing incidence of cancer: The increasing incidence of cancer is one of the key growth drivers for the elastography market. Cancer is a major cause of death worldwide and accounts for around 8 million deaths each year. According to the World Health Organization (WHO), there were 14 million new cases of cancer in 2012 and this number is expected to increase to 21 million by 2030. This will create a large demand for elastography devices, which can help in early diagnosis and treatment of cancer.
- Rising awareness about elastography: There is a growing awareness about elastography among healthcare professionals as well as patients due to its ability to detect early stage cancers and other diseases. This is helping to drive the growth of the elastography market.
- Technological advancements: The technological advancements in elastography are helping to drive its adoption among healthcare professionals worldwide. For instance, recent advances such as ultrasound-elasticity imaging (USEI) are making it possible to image tissues with high resolution and accuracy, thus aiding in accurate diagnosis and treatment decisions related thereto..
Scope Of The Report
Report Attributes
Report Details
Report Title
Elastography Market Research Report
By Type
Ultrasound Elastography, Magnetic Resonance Elastography (MRE), Others
By Application
Cancers, Musculoskeletal, Liver, Others
By Companies
Siemens-healthineers, Hitachi Medical Systems, Supersonic Imagine, ECHOSENS, ESAOTE SPA, Resoundant, Michigan Medicine, Mayo Clinic, Second Affiliated Hospital of Sun Yat-Sen University, Qscan Radiology Clinics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
149
Number of Tables & Figures
105
Customization Available
Yes, the report can be customized as per your need.
Global Elastography Market Report Segments:
The global Elastography market is segmented on the basis of:
Types
Ultrasound Elastography, Magnetic Resonance Elastography (MRE), Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Cancers, Musculoskeletal, Liver, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Siemens-healthineers
- Hitachi Medical Systems
- Supersonic Imagine
- ECHOSENS
- ESAOTE SPA
- Resoundant
- Michigan Medicine
- Mayo Clinic
- Second Affiliated Hospital of Sun Yat-Sen University
- Qscan Radiology Clinics
Highlights of The Elastography Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ultrasound Elastography
- Magnetic Resonance Elastography (MRE)
- Others
- By Application:
- Cancers
- Musculoskeletal
- Liver
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Elastography Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Elastography is the study of elasticity and its effects on physical properties.
Some of the major companies in the elastography market are Siemens-healthineers, Hitachi Medical Systems, Supersonic Imagine, ECHOSENS, ESAOTE SPA, Resoundant, Michigan Medicine, Mayo Clinic, Second Affiliated Hospital of Sun Yat-Sen University, Qscan Radiology Clinics.
The elastography market is expected to grow at a compound annual growth rate of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Elastography Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Elastography Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Elastography Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Elastography Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Elastography Market Size & Forecast, 2018-2028
4.5.1 Elastography Market Size and Y-o-Y Growth
4.5.2 Elastography Market Absolute $ Opportunity
Chapter 5 Global Elastography Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Elastography Market Size Forecast by Type
5.2.1 Ultrasound Elastography
5.2.2 Magnetic Resonance Elastography (MRE)
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Elastography Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Elastography Market Size Forecast by Applications
6.2.1 Cancers
6.2.2 Musculoskeletal
6.2.3 Liver
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Elastography Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Elastography Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Elastography Analysis and Forecast
9.1 Introduction
9.2 North America Elastography Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Elastography Market Size Forecast by Type
9.6.1 Ultrasound Elastography
9.6.2 Magnetic Resonance Elastography (MRE)
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Elastography Market Size Forecast by Applications
9.10.1 Cancers
9.10.2 Musculoskeletal
9.10.3 Liver
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Elastography Analysis and Forecast
10.1 Introduction
10.2 Europe Elastography Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Elastography Market Size Forecast by Type
10.6.1 Ultrasound Elastography
10.6.2 Magnetic Resonance Elastography (MRE)
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Elastography Market Size Forecast by Applications
10.10.1 Cancers
10.10.2 Musculoskeletal
10.10.3 Liver
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Elastography Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Elastography Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Elastography Market Size Forecast by Type
11.6.1 Ultrasound Elastography
11.6.2 Magnetic Resonance Elastography (MRE)
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Elastography Market Size Forecast by Applications
11.10.1 Cancers
11.10.2 Musculoskeletal
11.10.3 Liver
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Elastography Analysis and Forecast
12.1 Introduction
12.2 Latin America Elastography Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Elastography Market Size Forecast by Type
12.6.1 Ultrasound Elastography
12.6.2 Magnetic Resonance Elastography (MRE)
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Elastography Market Size Forecast by Applications
12.10.1 Cancers
12.10.2 Musculoskeletal
12.10.3 Liver
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Elastography Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Elastography Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Elastography Market Size Forecast by Type
13.6.1 Ultrasound Elastography
13.6.2 Magnetic Resonance Elastography (MRE)
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Elastography Market Size Forecast by Applications
13.10.1 Cancers
13.10.2 Musculoskeletal
13.10.3 Liver
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Elastography Market: Competitive Dashboard
14.2 Global Elastography Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens-healthineers
14.3.2 Hitachi Medical Systems
14.3.3 Supersonic Imagine
14.3.4 ECHOSENS
14.3.5 ESAOTE SPA
14.3.6 Resoundant
14.3.7 Michigan Medicine
14.3.8 Mayo Clinic
14.3.9 Second Affiliated Hospital of Sun Yat-Sen University
14.3.10 Qscan Radiology Clinics
