Global Ultrasound Elastography Systems Market, By Modality (Ultrasound, Magnetic Resonance), Application (Radiology, Cardiology, Obstetrics, Urology, Vascular, Orthopedic and Musculoskeletal, Others), End Use (Hospitals, Ambulatory Surgery Centers, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Ultrasound Elastography Systems Market
The ultrasound elastography systems market is expected to witness market growth at a rate of 7.89% in the forecast period of 2021 to 2028 and is expected to reach USD 9,288.41 million by 2028. Data Bridge Market Research report on ultrasound elastography systems market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in the prevalence of chronic liver and breast cancer is escalating the growth of ultrasound elastography systems market.
Elastography-based imaging technique refers to a novel technology that works on the principle of alterations in tissue mechanical properties. The technique assesses the change in elasticity of tissues which is detected and imaged. Elastography yields qualitative and quantitative information in response to an applied mechanical force that is utilized for diagnostic purposes.
The rise in the demand for advanced diagnostic techniques across the globe, acts as one of the major factors driving the growth of ultrasound elastography systems market. The increase in the preference for elastography over customary medical imaging devices such as computed tomography (CT), traditional ultrasound (US), and magnetic resonance imaging (MRI) as they do not identify tissue stiffness that causes changes in the mechanical properties of tissues accelerate the market growth. The rise in the popularity and acceptance by patients as well as doctors because of its non-invasive nature and accurate assessment of tissue mechanical properties further influence the market. Additionally, increase in demand for advanced diagnostic techniques, surge in healthcare expenditure, wider availability, convenience, non-invasive nature, public awareness about diseases and treatment options, improving healthcare infrastructure, and relatively low cost positively affect the elastography systems market. Furthermore, technological advancements extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, lack of reimbursement and concerns regarding biased results are the factors expected to obstruct the market growth. The presence of stringent government regulations is projected to challenge the elastography systems market in the forecast period of 2021-2028.
This elastography systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on elastography systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Ultrasound Elastography Systems Market Scope and Market Size
The elastography systems market is segmented on the basis of modality, application and end users. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of modality, the elastography systems market is segmented into ultrasound and magnetic resonance.
- On the basis of application, the elastography systems market is segmented into radiology, cardiology, obstetrics, urology, vascular, orthopedic and musculoskeletal and others.
- On the basis of end use, the elastography systems market is segmented into hospitals, ambulatory surgery centers and others.
Global Ultrasound Elastography Systems Market Country Level Analysis
The elastography systems market is analyzed and market size insights and trends are provided by country, modality, application and end users as referenced above.
The countries covered in the global elastography systems market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the elastography systems market because of the presence of a large number of global players, growing importance among end-users for the use of these systems, high healthcare expenditure, rising government initiatives for cancer screening and efforts by manufacturers for commercialization. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the rise in geriatric population, rapid economic growth, expansion of healthcare facilities, increasing awareness among the public concerning the therapeutic potential of ultrasound technologies and improving healthcare services in the region.
The country section of the elastography systems market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The elastography systems market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for elastography systems market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the elastography systems market. The data is available for historic period 2010-2019.
Competitive Landscape and Ultrasound Elastography Systems Market Share Analysis
The elastography systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to elastography systems market.
The major players covered in the elastography systems market report are GENERAL ELECTRIC, Koninklijke Philips N.V., Siemens, Medtronic, Ziehm Imaging GmbH, IMRIS, TOSHIBA CORPORATION, Shimadzu Corporation, Brainlab, NeuroLogica Corp., Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Canon Inc., Shenzhen Anke High-tech Co. GENERAL ELECTRIC, Koninklijke Philips N.V., and Siemens among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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