The Diagnostic Ultrasound Market set to exceed USD 7 billion by 2024; according to a new research study published by Global Market Insights, Inc.
Increasing birth rate in certain countries serves as a high impact rendering factor. During the pregnancy period, healthcare practitioners recommend women to undergo ultrasound scan to check the form of the baby inside the womb. Ability of the technique to detect anomalies in baby’s position and actions inside the mother’s womb which may lead to harmful diseases further propels its adoption.
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Technological advancements such as improvement in image quality, miniaturization of equipment, inclusion of more clinical applications and introduction of wireless transducers will spur demand over the forecast years. However, scarcity of skilled professionals required for operating ultrasound scanners restrains industry expansion as it results in device under-utilization and increased patient waiting period.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
Telemed Providers, SIUI NDT, Shenzhen Landwind Industry Co. Ltd., VINNO Spain FUKUDA DENSHI USA Inc, Sunway Medical Centre, GE Healthcare, Mindray, Esaote, Analogic, Toshiba Medical Research Institute USA, Inc. (TMRU), Hitachi Medical Systems Europe, CHISON Ultrasound Manufacturer
Demand for devices with 3D and 4D technology will grow at a rapid rate over the forecast timeframe. 3D scan is achieved by scanning the tissue cross sections at various angles while 4D scans add the fourth dimension of movement to create an enhanced image. The decreased patient waiting time achieved using this technology because of its faster scan time and the ability to reveal abnormality not seen in conventional 2D scans are the prime factors stimulating demand. Furthermore, 3D and 4D scan provide a better anatomical view as compared to the traditional 2D technology and lead to complete examination through increased perspective from volume data.
Compact or handheld diagnostic ultrasound systems are poised to witness fastest growth over the forecast years. These devices enable medical professionals to bring the point of care to the patients rather than taking the patients to the scanner leading to higher patient convenience. Trolley diagnostic ultrasound systems held significant industry share. Advantages of these devices over compact systems such as better image quality, enhanced interface and more features coupled with longer product lifespan fuel segment growth. However, high cost of these devices coupled with need for larger space hampers adoption.
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Application of the technology in cardiology held significant industry share. Increasing number of people suffering from cardiovascular diseases such as stroke will drive segment growth over the forecast timeframe. Hospitals end user segment is slated to grow at a robust rate owing to increasing influx of patients undergoing ultrasound scans in these settings. Expansion of hospitals and development of new ones will further spur growth.
Diagnostic Ultrasound Market by Technology
- 3D and 4D
Diagnostic Ultrasound Market by Portability
- Compact / Handheld
Diagnostic Ultrasound Market by Application
- General Imaging