Elastography Imaging Market Top Leaders and Business Development

The growth of the global elastography imaging 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. Emerging economies will provide new growth
opportunities for players in the elastography imaging market.

According
to research report the elastography imaging market is expected to reach
USD 6.4 billion by 2027, at aCAGR of 11.0% during the forecast period.

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The ultrasound elastography imaging segment is expected to account largest share in the global elastography imaging market.

On
the basis of modality, the elastography imaging market is segmented
into ultrasound and magnetic resonance. Ultrasound imaging involves the
imaging of organs by exposing the anatomy to high-frequency sound waves.
Elasticity imaging or elastography through ultrasound elastography
(USE) provides complementary information to conventional ultrasound by
adding stiffness as another measurable property to current ultrasound
imaging techniques.
The hospitals, surgical & diagnostic centers
segment, by end user, is projected to occupy the majority of the market
share and grow at the fastest rate during the forecast period.

Based
on end user, the global elastography imaging market is segmented into
hospitals, surgical & diagnostic centers; ambulatory surgical
centers; and other end users. The large share of this segment can be
attributed to the significant number of ultrasound and MRI-based
elastography medical procedures performed in hospitals, growing trend of
workflow automation among healthcare providers, and rising adoption of
minimally invasive diagnostic & surgical procedures in these
facilities.

The major elastography imaging vendors include GE
Healthcare (US), Siemens Healthineers (Germany), Philips Healthcare
(Netherlands), Canon Medical System Corporation (Japan), Samsung Medison
(South Korea), Hitachi Ltd. (Japan), Shenzhen Mindray Bio-Medical
Electronics Co. (China), FUJIFILM Holdings Corporation (Japan), Esaote
(Italy), SuperSonic Imagine (France), and Resoundant (US).These players
have adopted various growth strategies from 2016 to 2018, such as
product launch, collaboration, partnership, acquisitions and expansions
to expand their presence in the global elastography imaging market. This
has helped them to innovate their offerings and broaden their customer
base.

GE Healthcare is one of the leading companies in the
elastography imaging systems. The company focuses on maintaining its
leading position in the elastography imaging market through pipeline
development and product commercialization. It has a strong presence and
wide industry coverage in North America, South America, Europe,
Australia, and Asia. The company has a reliable customer- services
support set up, which helps in strengthening its customer relationships
and growing its geographical presence. The company is expected to grow
at a positive rate in the market due to its superior product offerings.

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Asia-Pacific
is estimated to grow at a highest CAGR during the forecast period. The
Asia Pacific elastography imaging market, particularly comprises Asian
countries (such as India, China, South Korea, Japan, and Indonesia,
among others) and Pacific countries (such as Australia, New Zealand, and
Fiji, among others). Emerging Asia Pacific countries, such as India,
China, Japan, South Korea, and Indonesia, are witnessing increasing per
capita healthcare expenditure and rapid expansion and the modernization
of their respective healthcare infrastructure.