Dublin, Jan. 29, 2024 (GLOBE NEWSWIRE) -- The "Global Elastography Imaging Market Analysis & Forecast to 2024-2034" report has been added to ResearchAndMarkets.com's offering.
In an era where diagnostic precision is paramount, advancements in medical imaging have become critical. A new research publication examining the global elastography imaging market has been released, providing in-depth analysis and prognostications for the industry from 2024 to 2034. The study suggests that the market, valued at approximately USD 2.79 billion in 2023, is on a trajectory to reach a staggering USD 6.45 billion by 2034, expanding at a compound annual growth rate (CAGR) of 7.91%.
Fueled by the increasing incidence of chronic conditions, the demand for early and non-invasive diagnostic methods is climbing, resulting in a surge in elastography imaging procedures. The technology, paramount in assessing tissue stiffness and elasticity, offers a window into the state of health without resorting to invasive surgery. Elastography imaging, particularly ultrasound elastography, has gathered significant traction due to its affordability and rapid, easy-to-access diagnostics. Radiology applications led by the charge, indicating a high utilization of elastography in ultrasound imaging and image-guided radiotherapy. Hospital settings remained the largest end-users, leveraging these advancements to improve their diagnostic capabilities.
Technological Innovations Spur Growth
Foremost in driving the market's expansion are technological advancements, with key players launching state-of-the-art systems that enhance accuracy and patient comfort. Developments such as PENTAX Medical's Performance Endoscopic Ultrasound (EUS) system and Boston Imaging's V7 ultrasound system, featuring advanced elastography capabilities, exemplify the industry's progression.
Regional Market Insight
The North American region is forecasted to maintain the highest revenue share through to 2034, driven by heightened healthcare investments and initiatives aimed at boosting the early detection of chronic diseases. Asia Pacific, however, is expected to chart the fastest growth rate, attributed to a growing elder demographic and concerted efforts to promote non-invasive diagnostic techniques.
Market Segmentation Envisions Expansion Across Modalities and Applications
By Modality:
- Magnetic Resonance Elastography and Ultrasound Elastography emerge as principal segments, with ultrasound elastography holding a substantial share because of its cost-effectiveness and easy operability.
By Application:
- The report indicates Radiology as the top application segment, with other areas such as Cardiology projected to grow rapidly.
By End-user:
- Hospitals are identified as the main end-users, with the Ambulatory Surgical Centers segment predicted to experience the sharpest growth.
By Region:
- North America leads, while Asia Pacific is tipped for rapid future growth.
This comprehensive market analysis is a valuable tool for stakeholders in the healthcare ecosystem, aiding in strategic planning and decision-making to capitalize on rising opportunities. The elastography imaging market is clearly advancing, with future growth assured by the enduring need for effective diagnostic technologies. Stay abreast of the full report for a deep dive into this burgeoning sector.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 200 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value (USD) in 2023 | $2.79 Billion |
| Forecasted Market Value (USD) by 2034 | $6.45 Billion |
| Compound Annual Growth Rate | 7.9% |
| Regions Covered | Global |
Companies Mentioned
- Fujifilm Corporation
- Shenzhen Mindray Bio-Medical Electronics Co
- GE
- Canon Inc
- Clarius Mobile Health
- Esaote SpA
- Siemens Healthineers
- Koninklijke Philips N.V.
- Hologic Inc
- Hitachi Ltd
For more information about this report visit https://www.researchandmarkets.com/r/jz78zz
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