Global Ultrasound Elastography System Market Overview:
The elastography-based imaging technique is a novel technology that works on the principle of alterations in tissue mechanical properties. The elastography technique is gaining momentum in recent years as it non-invasively assesses the amendment within the physical property of tissues that are detected and imaged. In numerous pathologies of the tissue, elastography yields qualitative and quantitative data in response to an applied mechanical force that's used for diagnostic functions. Elasticity imaging using ultrasound provides extra data over standard ultrasound like the stiffness of tissue. Elastography is a promising technology to spot tissue stiffness that causes changes within the mechanical properties of tissues and doesn't get imaged by the customary medical imaging devices like computed tomography (CT), traditional ultrasound (US), and magnetic resonance imaging (MRI). The worldwide ultrasound elastography market is anticipated to be driven by wider availability, convenience, non-invasive nature, and comparatively low price. Ultrasound elastography has similar technical limitations as traditional sonography that are associated with the reliability of the measurements. In ultrasound elastography, tissue attenuation decreases ultrasound signal as an operator of depth, thereby moving the correct assessment of deeper tissue or organs. Fluids and body covering fat also scale back the propagation of the external input applied at the skin surface which can deliver misguiding measurements. Challenges like overcoming biased results, lack of reimbursement, and having an edge over other imaging modalities like MRI might act as restraints of the worldwide ultrasound elastography market.
- Increasing Geriatric Population
- Improving Healthcare Services
- Increasing Need for Accurate and Speedy Results
- Increasing Disposable Income of Consumers
- Increasing Awareness Among the Public Concerning the Therapeutic Potential of Ultrasound Technologies
- Increasing Efforts by Manufacturers for Commercialization
- High Cost of The Ultrasound Elastography Systems
- Rising Government Initiatives for Cancer Screening
- Lack of Skilled Professional
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are SAMSUNG (South Korea), ECHOSENS (France), SIUI (China), SonoScape Medical (China), Shenzhen Mindray Bio-Medical Electronics (China), Shenzhen Landwind Industry (China), Supersonic Imagine (France), Siemens Healthineers (Germany), Toshiba America Medical Systems (United States), GE Healthcare (United States), BK Ultrasound (United States), Koninklijke Philips (Netherlands), Hitachi Medical Systems (United States) and Esaote (Italy). Analyst at AMA Research see European Players to retain maximum share of Global Ultrasound Elastography System market by 2026. Considering Market by End-User, the sub-segment i.e. Hospitals will boost the Ultrasound Elastography System market.
Latest Market Insights:
On 2nd October 2018, GE Healthcare had announced an equity investment in SonoSim. This company SonoSim specializes in ultrasound education and training. The expanded partnership will offer enhanced education services to new and existing ultrasound users around the world and across medical disciplines from women’s health and cardiology to point of care and primary care.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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The top-down and bottom-up approaches are used to estimate and validate the size of the Global Ultrasound Elastography System market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Ultrasound Elastography System market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Ultrasound Elastography System, Venture Capitalists and Private Equity Firms and End-Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.