PUBLISHER: The Business Research Company | PRODUCT CODE: 1414175
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414175
“Doppler Ultrasound Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on doppler ultrasound market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for doppler ultrasound? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The doppler ultrasound market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Doppler ultrasounds are diagnostic tests that utilize sound waves to visualize the blood flow through blood vessels and generate images of internal organs. This non-invasive procedure is employed to assess blood flow in the vessels.
There are two main types of Doppler ultrasound devices such as trolley-based and handheld. The trolley-based system is an essential tool in healthcare, offering a mobile and secure solution for transporting medical equipment. These systems find applications in various medical fields such as radiology, obstetrics, gynecology, cardiology, and others. They are utilized by different end-users, including diagnostic centers, maternity centers, ambulatory care centers, and research and academia
The doppler ultrasound market research report is one of a series of new reports from The Business Research Company that provides doppler ultrasound market statistics, including doppler ultrasound industry global market size, regional shares, competitors with a doppler ultrasound market share, detailed doppler ultrasound market segments, market trends and opportunities, and any further data you may need to thrive in the doppler ultrasound industry. This doppler ultrasound market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The doppler ultrasound market size has grown steadily in recent years. It will grow from $2.29 billion in 2023 to $2.39 billion in 2024 at a compound annual growth rate (CAGR) of 4.1%. The historical period's growth can be ascribed to advancements in image processing, the adoption of healthcare systems, ongoing research and clinical studies, the evolution of vascular and venous imaging, and enhancements in prenatal care.
The doppler ultrasound market size is expected to see steady growth in the next few years. It will grow to $2.75 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%. The forecasted growth can be linked to the expanding market in developing regions, a rising demand for non-invasive diagnostics, an increase in the geriatric population, a surge in chronic diseases, and advancements in prenatal care. Noteworthy trends anticipated in the forecast period encompass improved imaging resolution, the prevalence of portable and handheld devices, the integration of artificial intelligence (AI), the broadening scope of applications in cardiology, a specific emphasis on vascular imaging, and the growing utilization of Doppler ultrasound for vascular imaging and evaluation.
The anticipated growth of the doppler ultrasound market is set to be driven by the increasing prevalence of chronic diseases. Chronic diseases, characterized by lasting a year or more, requiring continuous medical attention, and limiting daily activities, have found frequent evaluation through doppler ultrasound. This non-invasive, safe, and cost-effective tool is utilized for diagnostic, prognostic, and therapeutic assessments. As per the National Library of Medicine's January 2023 projection, the number of individuals aged 50 and older with at least one chronic illness is expected to rise by 99.5% by the year 2050, reaching 142.66 million, up from 71.52 million in 2020. Consequently, the surge in chronic diseases is a key driver for the doppler ultrasound market.
The growth of the doppler ultrasound market is expected to be propelled by the increasing number of diagnostic centers. These facilities, equipped to conduct various diagnostic tests and examinations, play a crucial role in identifying, monitoring, and managing health conditions. Doppler ultrasound, used to assess blood flow and diagnose vascular conditions, is integral to the services provided by diagnostic centers. For example, the UK government's announcement in April 2022 detailed plans to establish 160 new community diagnostic centers in England by 2025, with 73 centers already operational. These centers have conducted approximately 700,000 MRI, ultrasound, CT, and endoscopy tests, averaging around 30,000 tests per week. Thus, the growing prevalence of diagnostic centers is a significant factor driving the doppler ultrasound market.
A prominent trend in the doppler ultrasound market is the increasing adoption of product innovations, with companies in the market striving to enhance their positions through novel offerings. For instance, in January 2022, EagleView Ultrasound, a China-based ultrasound device manufacturer, introduced its inaugural portable doppler ultrasound equipment. This innovation significantly enhances ultrasound imaging mobility and reduces the cost of point-of-care options. The wireless ultrasonic probe is compatible with iOS or Android apps on tablets or phones and can function as a phased array, linear, and convex ultrasound probe simultaneously, accommodating various ultrasonic transducers. Its ability to seamlessly switch between shallow and deep scans makes it a notable advancement in probe technology. This portable ultrasound is particularly beneficial for physicians in clinical crises, ward rounds, outpatient clinics, and other healthcare settings.
Leading companies in the doppler ultrasound market are concentrating on the development of advanced vascular devices, including wireless vascular Doppler devices, to gain a competitive advantage. A wireless vascular Doppler device is a portable, cordless medical tool used for evaluating patient blood flow through a continuous 9 MHz wave system. In June 2022, Remington Medical, a US-based medical device manufacturing company, launched VascuChek, a wireless handheld vascular Doppler device designed to address issues in traditional vascular equipment, such as long cables and unreliable batteries. This compact and cordless device offers improved user control and reliability for intraoperative and transcutaneous blood flow evaluation across various applications. VascuChek underwent extensive testing and input from top physicians and surgeons to ensure its market value.
In February 2022, GE Healthcare, a US-based medical technology company, completed the acquisition of BK Medical for $1.45 billion. This strategic move allows GE Healthcare to expand its ultrasound capabilities to encompass real-time surgical visualization, a rapidly growing sector. BK Medical, a US-based company specializing in active imaging systems for doppler ultrasounds, enhances GE Healthcare's ability to provide end-to-end services throughout the entire continuum of care, from diagnosis to therapy and beyond.
Major companies operating in the doppler ultrasound market report are General Electric Company, Hitachi Limited, Samsung Electronics Co. Ltd., FUJIFILM Holdings Corporation, Koninklijke Philips N.V., Siemens Healthcare Private Limited, Analogic Corporation, Canon Inc., Esaote SpA, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Toshiba Corporation, Mindray Medical International Limited, Trivitron Healthcare Private Limited, CIMON Medical AS, NovaSignal Corporation, Clarius Mobile Health Corp., Terason Corporation, Sonoscape Medical Corporation, Shantou Institute of Ultrasonic Instruments Co. Ltd., Chison Medical Imaging Co. Ltd., Signostics Limited, Alpinion Medical Systems Co. Ltd., MedGyn Products Inc., Medline Industries Inc., Medtronic plc, Natus Medical Incorporated, Neoventa Medical AB, Nonin Medical Inc., Nurep Inc., Opto Circuits Limited
North America was the largest region in the doppler ultrasound market in 2023. The regions covered in the doppler ultrasound market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the doppler ultrasound market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The doppler ultrasound market consists of sales of power dopplers, spectral dopplers, duplex dopplers, and continuous wave dopplers. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.