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Diagnostic Ultrasound Market 2020 Regional Growth Drivers, Opportunities, Trends, and Forecasts to 2025

Author : Ronak Bora | Published Date : 2020-09-17 

Diagnostic Ultrasound Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

The past couple of decades have observed a notable shift in people’s lifestyle habits, including higher dependence unhealthy diets, sedentary lifestyles, and increasing consumption of alcohol and tobacco. These trends have resulted in an increased occurrence of several chronic health problems worldwide. As a result, diagnostic ultrasound technology has gained significant prominence in the detection of heart conditions, gastrointestinal problems, brain infections, tumor, abnormal growth of liver, and abdominal cysts.  

Diagnostic ultrasound solutions providers are always aiming to come up with innovative and more advanced products. In June 2020, Philips had launched a new handheld diagnostic ultrasound device in Japan. The solution, which was approved by Japan’s healthcare authority, provides healthcare professionals quick and easy access to diagnostic ultrasound imaging.

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It is estimated that global diagnostic ultrasound market size will exceed an annual valuation of over US$7 billion by 2025.

2D ultrasound technology has gained wide acceptance across the healthcare sector in low- and middle-income countries. Many of these countries including China and India have made substantial investments in development of their healthcare infrastructures. 2D ultrasound technology segment is projected to grow at a CAGR of 2.7% through 2025.

Considering the portability, diagnostic ultrasound solutions can be classified into trolley and compact, or handheld. Trolley segment captured more than 70% revenue share of diagnostic ultrasound market in 2018. These systems are much more durable and need less technical assistance. They are widely preferred in healthcare facilities as they are easy to use and provide an excellent image quality and numerous built-in advanced features.

Some common applications of diagnostic ultrasound include general imaging, obstetrics and gynecology, and cardiology. Diagnostic ultrasound industry share from obstetrics and gynecology was valued at US$1 billion in 2018. Healthcare facilities are increasingly adopting real-time imaging solutions in obstetrics and gynecology for imaging of mobile subjects such as the fetus or fetus heart.

Hospitals and maternity centers are among the major end-users of diagnostic ultrasound solutions. The demand for ultrasound imaging solutions across maternity centers is slated to grow at a 3.7% CAGR through 2025. This can be largely attributed to an increasing birth rate across the globe and growing incidences of complications during pregnancy. Maternity centers, especially in emerging economies, are expected to invest in high-quality diagnostic ultrasound technologies.

The WHO estimates that more than 80% of the global elderly population will be living in low- and middle-income countries by 2050. As elderly people are more susceptible to numerous health problems, the demand for diagnostic ultrasound technologies in developing regions such as Asia Pacific is anticipated to rise steadily. Asia Pacific accounted for more than 35% revenue share of diagnostic ultrasound industry in 2018.

Meanwhile in developed regions such as Europe, the adoption of imaging technologies will be likely driven by an ageing population base. European countries have launched several reimbursement policies for cancer screening and fetal ultrasound imaging. Europe diagnostic ultrasound market size will witness a CAGR of 2.6% through 2025, with growing healthcare investments and adoption of advanced medical devices. 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/diagnostic-ultrasound-market

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

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia 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 sport. [email protected] | https://twitter.com/RonakBora26

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