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$4.6 Bn Elastography Imaging Market - Global Forecast to 2024: Increasing Demand for Minimally Invasive Procedures

/EIN News/ -- Dublin, April 19, 2019 (GLOBE NEWSWIRE) -- The "Elastography Imaging Market by Modality, Application, End User - Global Forecast to 2024" report has been added to's offering.

The elastography imaging market size is expected to grow from USD 2.5 billion in 2018 to USD 4.6 billion by 2024, at a compound annual growth rate (CAGR) of 11.0% during the forecast period.

The growth of this market is mainly driven by the growing incidence of breast cancer and chronic liver diseases and a rising preference for minimally invasive procedures across the globe. However, the high cost of elastography imaging systems and an unfavorable reimbursement scenario are expected to restrain the growth of this market to a certain extent.

The elastography imaging market is segmented into four major regions, namely, North America, Europe, the Asia Pacific, and the Rest of the World (RoW). Europe accounted for the largest share of the global elastography imaging market in 2018. The growth of this regional segment is mainly driven by the large number of ongoing clinical research projects in the field of elastography, the early commercialization of these devices in the region, and the significant healthcare expenditure across mature European countries.

However, the market in the Asia Pacific is estimated to grow at the highest CAGR during the forecast period. Growth in this regional market can be attributed to the increasing healthcare expenditure, growing public awareness, continuous decrease in device costs, and the rising prevalence of target diseases.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Elastography Imaging: Market Overview
4.2 Europe: Elastography Imaging Market, By Application (2018)
4.3 Elastography Imaging Market Share, By End User, 2018 vs 2024

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers Growing Incidence of Breast Cancer and Chronic Liver Diseases Increasing Demand for Minimally Invasive Procedures
5.2.2 Restraints High Cost of Elastography Imaging Systems Unfavorable Reimbursement Scenario
5.2.3 Opportunities Emerging Markets
5.2.4 Challenges Survival of Small Players and Entry Barriers for New Players

6 Elastography Imaging Market, By Modality
6.1 Introduction
6.2 Ultrasound
6.2.1 Ultrasound Segment Accounted for the Dominant Share of the Elastography Imaging Market in 2018
6.3 Magnetic Resonance Elastography
6.3.1 MRE Can Be Incorporated Into A Standard Mri Examinations to Provide Rapid, Reliable, and Comprehensive Imaging Assessment

7 Elastography Imaging Market, By Application
7.1 Introduction
7.2 Radiology/General Imaging
7.2.1 Radiology/General Imaging is the Largest Application Segment of the Elastography Imaging Market
7.3 Cardiology
7.3.1 Rising Incidence of Cardiac Diseases to Drive Market Growth
7.4 Obstetrics/Gynecology
7.4.1 Stringent Government Regulations Governing the Obstetric Use of Ultrasound Devices to Restrain Market Growth
7.5 Urology
7.5.1 Rising Incidence of Prostate Cancer to Drive Market Growth
7.6 Vascular
7.6.1 Rising Incidence of Vascular Disorders Coupled With the Greater Adoption of Vascular Ultrasound for Disease Diagnosis to Support Market Growth
7.7 Orthopedic & Musculoskeletal Applications
7.7.1 Lack of Skilled Sonographers for Imaging Musculoskeletal-Based Disorders to Challenge Market Growth
7.8 Other Applications

8 Elastography Imaging Market, By End User
8.1 Introduction
8.2 Hospitals, Surgical Centers, & Diagnostic Centers
8.2.1 Hospitals, Surgical Centers, & Diagnostic Centers are the Largest End Users of the Elastography Imaging Market
8.3 Ambulatory Surgical Centers
8.3.1 Increasing Number of Image-Guided Surgeries Performed in the Ascs is A Key Factor Driving Market Growth
8.4 Other End Users
8.4.1 Growing Number of Industry-Academia Collaborations Likely to Drive the Other End Users Market

9 Elastography Imaging Market, By Region
9.1 Introduction
9.2 Europe
9.2.1 Europe is Expected to Dominate the Global Elastography Imaging Market During the Forecast Period
9.2.2 Germany Germany Accounted for the Largest Share in the European Elastography Imaging Market
9.2.3 France Need for Early Cancer Detection is A Key Factor Driving Market Growth in France
9.2.4 UK The Increasing Proportion of Geriatric Individuals Will Contribute to Market Growth
9.2.5 Rest of Europe
9.3 North America
9.3.1 Rising Preference to Minimally Invasive Procedure to Drive This Market
9.3.2 US US Expected to Hold the Largest Share of the North American Market in the Forecast Period
9.3.3 Canada Increasing Incidence of Breast Cancer and Government Initiatives for Breast Cancer Awareness to Drive Market Growth in Canada
9.4 Asia Pacific
9.4.1 High Focus on Healthcare Modernization Will Create Growth Opportunities
9.5 Rest of the World

10 Competitive Landscape
10.1 Introduction
10.1.1 Vanguards
10.1.2 Innovators
10.1.3 Dynamic Differentiators
10.1.4 Emerging
10.2 Market Ranking Analysis, 2017
10.3 Competitive Situation and Trends
10.3.1 Product Launches
10.3.2 Expansions
10.3.3 Partnerships
10.3.4 Acquisitions

11 Company Profiles
11.1 General Electric Company
11.2 Koninklijke Philips N.V.
11.3 Siemens AG
11.4 Canon Medical Systems Corporation
11.5 Hitachi Ltd.
11.6 Samsung Electronics (Samsung Medison)
11.7 Fujifilm Holdings Corporation
11.8 Mindray Medical International Ltd.
11.9 Esaote
11.10 Supersonic Imagine
11.11 Resoundant Inc.

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Related Topics: Medical Imaging


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