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Elastography Imaging Market: Global Opportunity Analysis and Industry Forecast, 2019–2026

A11273
Pages: NA
Jul 2021 | 58 Views
 
Author(s) : Onkar Sumant
Tables: NA
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Elastography is a medical imaging modality or system that plans the elastic properties and the stiffness of mainly soft tissue. The system is used to identify whether the tissue is hard or soft and hence give the diagnostic information regarding the presence or status of the disease. For instance, cancerous tumors will often be harder than the surrounding tissue, and diseased livers are stiffer than healthy ones. The most widely used techniques utilize ultrasound or magnetic resonance imaging (MRI) to make both the stiffness map and an anatomical image for comparison. Elastography uses low-frequency vibrations during an ultrasound or MRI to determine the stiffness (or elasticity) of organs in-vivo. It is mainly used for detecting the presence and severity of liver disease.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast units

  Value (USD)

  Segments covered

  Modality, Application, End user and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific), Latin America (Brazil, Mexico, and the Rest of LATAM) and The Middle East and Africa

  Companies covered

Major players analyzed include GE Healthcare, Philips Healthcare, Canon Medical System Corporation, Samsung Medison, FUJIFILM Holdings Corporation, Esaote, Hitachi Ltd., Resoundant, SuperSonic Imagine, Shenzhen Mindray Bio-Medical Electronics Co., and Siemens Healthineers.

 

COVID-19 scenario analysis:

Coronavirus disease has caused havoc and caused economic crisis globally. COVID-19 pandemic has brought up problems for healthcare system worldwide, developed countries are expected to cause economic recession. Furthermore, the COVID-19 pandemic has adverse impact on the healthcare system, which would lead to 50% to 70% drop in revenue from March. There are small hospitals, clinics and nursing homes, which were forced to shut their operations. Due to the social distancing and localized curfews, which were declared by the government, have caused in delayed elective surgical procedures. Additionally, visa cancellations have led to a hiatus in medical tourism and can negatively impact the healthcare services market growth.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

The major factors which are expected to grow in the coming years include rise in the incidences of breast cancer, chronic liver diseases and the surge in the demand for minimally invasive procedures. However, the higher cost of the elastography imaging systems may hinder the growth of the industry in the forecast period.

New product advancements and launch to flourish the market

The product advancements and the new launches would help the key leaders to gain maximum shares, as it had focused to meet the demand posed by the market. For instance, in January 2019, Trivitron Healthcare launched about ten new innovation-driven products in the Advanced Imaging modalities and mainly Critical Care & Life Support segment at Arab Health 2020 conference. The novel products launched include, firstly Elite, which is a Flat Panel Digital C-arm with motorized movements, secondly, SonoRad V10, that is Color Doppler Ultrasound System, Ventilators, Dialysis systems & consumables, Breast Imaging solutions, Modular OT solutions, ECG,  Monitors, Syringe pumps and the Anesthesia systems.

In May 2018, a robust suite of quantitative tools to assess the spectrum of liver disease, including steatosis, inflammation, and cirrhosis, on Tustin, Calif.-based Canon Medical Systems USA Inc.’s premium Aplio i800 ultrasound system had received FDA clearance. It is a liver analysis suite and is available on the Aplio i800 and would be helpful in the analysis of liver diseases such as non-alcoholic fatty liver disease (NAFLD), steatosis, and/or non-alcoholic steatohepatitis (NASH), which are identified by elevated levels of fat accumulation in the liver.

Surge in mergers and acquisitions to boost the market

The increase in the number of mergers and acquisition carried out by the market leaders would help them to show their presence and hence boost the elastography imaging market in the forecast period. In November 2018, Royal Philips and the Erasmus University Medical Center (Rotterdam, the Netherlands) announced a partnership for hospital-wide ultrasound solutions. The key leader, Philips, will now be used for the procurement, management, maintenance, and optimization of ultrasound solutions, associated staff education/training, for all of Erasmus University Medical Center’s departments for the next five years. This partnership will ensure that the hospital will have continuous access to the latest ultrasound imaging innovations, allowing continuous enhancement of operational efficiency and quality of care.

In October 2018, GE Healthcare had announced today an equity investment in SonoSim, which is a global leader in ultrasound education and also training. The partnership will offer enhanced education services to novel and pre-existing ultrasound users around the world and across medical disciplines, from women’s health and cardiology to the point of care and primary care.

Key segments covered:

Segments

Sub-segments

  Modality

  • Ultrasound
  • Magnetic Resonance

  Application

  • Cardiology
  • OB/GYN
  • Urology
  • Vascular
  • Orthopedic and musculoskeletal applications
  • Other applications

  End User

  • Hospitals
  • Ambulatory surgical centers
  • Other end-users.


Key benefits of the report:

  • This study presents the analytical depiction of the global Elastography Imaging industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global Elastography Imaging market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global Elastography Imaging market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed global Elastography Imaging market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the Elastography Imaging Market research report:

  • What are the leading market players active in the Elastography Imaging market?
  • What the current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What are the projections for the future that would help in tasking further strategic steps?
 
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