Diagnostic Ultrasound Market Development Opportunities and Trends in Global Industry 2021 to 2025
Category: #healthcare  By Ronak Bora  Date: 2021-03-15
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Diagnostic Ultrasound Market Development Opportunities and Trends in Global Industry 2021 to 2025

The diagnostic ultrasound market is projected to foresee commendable growth in coming years owing to the rising prevalence of chronic disorders across middle– and low-income countries. In fact, as per WHO, more than 75% of cardiovascular diseases occur in middle and low-income countries. Hence, rapid adoption of diagnostic ultrasound for the diagnosis of numerous ailments such as tumors, heart conditions, stomach problems, brain infections, abnormal liver growth, and abdominal cysts will positively impact business growth.

The demand for diagnostic ultrasound systems is anticipated to grow at a substantial rate ascribed to growing prevalence of chronic illness like liver diseases and cardiac disorders among middle- and low-income countries. According to a World Health Organization (WHO) report, nearly 75% of CVD deaths are recorded across middle and low-income nations.

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With respect to portability, in 2018, the trolley segment accounted for nearly 70% revenue share and is projected to witness substantial growth through the forecast timeframe. Trolley systems have been conventionally utilized for diagnostic ultrasound examinations way before the introduction of the portable systems. These systems are highly preferred in medical practice owing to their in-built advanced features, superior image quality, and easy-to-use structure

In terms of end-user, maternity centers segment held a considerable share back in 2018 and is likely to exhibit more than 3.7% CAGR over the forecast time period. Globally increasing birth rates and surging incidences of pregnancy related complications will impel the business growth over the coming years. Subsequently, increasing awareness towards fetus safety will further fuel the growth of the segment.

Diagnostic ultrasound market in Europe will witness more than 2.6% CAGR over the forecast time period. Rapidly growing elderly population and rising prevalence of chronic disorders will fuel the regional market growth. Furthermore, healthcare advancement and escalating technological adoption are prime factors pushing the growth of the market in countries like Germany. Favorable reimbursement policies in terms of cancer screening and fetal ultrasound imaging will also favor industry growth.

Companies operating in the diagnostic ultrasound market such as Analogic, Koninklijke Philips, Arthrex, Chison, Esaote, C.R. Bard, GE Healthcare, FujiFilm, Fukuda Denshi, Mobisante and Promed, Kalamed, and Hitachi are engaging in organic as well as inorganic strategies like acquisition, new product launch and mergers to expand their market presence and geographical reach.

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Partial Chapter of the Table of Content

Chapter 4. Diagnostic Ultrasound Market, By Technology

4.1. Key segment trends, by technology

4.2. 2D

4.2.1. Market size, by region, 2014-2025 (USD Million)

4.3. 3D and 4D

4.3.1. Market size, by region, 2014-2025 (USD Million)

4.4. Doppler

4.4.1. Market size, by region, 2014-2025 (USD Million)

Chapter 5. Diagnostic Ultrasound Market, By Portability

5.1. Key segment trends, by portability

5.2. Trolley

5.2.1. Market size, by region, 2014-2025 (USD Million)

5.3. Compact/handheld

5.3.1. Diagnostic Ultrasound Market size, by region, 2014-2025 (USD Million)

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About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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