Press release
Portable Vascular Doppler Market 2024: Innovations, Trends, and Growth Forecast
Portable Vascular Doppler Market
According to The Business Research Company's, The portable vascular doppler market size has grown strongly in recent years. It will grow from $1.57 billion in 2023 to $1.66 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to the increasing prevalence of vascular diseases, technological advancements, an aging population, rising healthcare expenditure, awareness and screening programs, advancements in point-of-care testing, and the and the expansion of telemedicine.
The portable vascular doppler market size is expected to see strong growth in the next few years. It will grow to $2.09 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%. The growth in the forecast period can be attributed to miniaturization and portability, personalized medicine, remote patient monitoring, cost efficiency and affordability, regulatory support, and emerging market growth. Major trends in the forecast period include AI-powered diagnostics, wireless connectivity, advanced data analytics, enhanced user interfaces, remote accessibility, IoT integration, and patient-centric design.
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Market Drivers and Trends:
The increasing prevalence of cardiovascular diseases is expected to propel the growth of the portable vascular doppler market going forward. Cardiovascular diseases (CVD) refer to a group of disorders that affect the heart and blood vessels. The adoption of unhealthy processed food dietary patterns and low use of fruits and vegetables contributes to the rise in CVD globally. Additionally, sedentary lifestyles, poor nutritional choices, and high rates of obesity contribute significantly to cardiovascular problems. Portable vascular doppler devices enhance diagnostic capabilities for healthcare providers, enabling timely detection and management of cardiovascular diseases, thereby improving patient outcomes and reducing the risk of complications associated with vascular conditions. For instance, in January 2024, according to the American Heart Association, a US-based nonprofit organization, the number of deaths caused by cardiovascular diseases reached 931,578, compared to 928,741 in 2023. Moreover, the age-adjusted death rate from cardiovascular disease also saw a modest uptick, reaching 233.3 per 100,000, marking a 4.0% increase from the previous year's rate of 224.4 per 100,000. Therefore, an increasing prevalence of cardiovascular diseases is driving the portable vascular doppler market.
Major companies operating in the portable vascular doppler market are focusing on developing handheld technology, such as wireless handheld vascular doppler devices, to enhance diagnostic convenience and accuracy, ultimately driving increased market share and customer loyalty. Wireless handheld vascular Doppler devices are portable, user-friendly tools that use Doppler ultrasound technology to assess and monitor blood flow in the vascular system, providing real-time data through wireless connectivity. For instance, in June 2022, Remington Medical Inc., a US-based medical device manufacturer, launched VascuChek, a cutting-edge wireless handheld vascular doppler device. It features a continuous 9 MHz wave system and eliminates the need for a large transceiver box and tethered probes, offering increased mobility and user control. It is designed for both intraoperative (microvascular and vascular) and transcutaneous evaluations of blood flow, enhancing its versatility across various medical applications. This innovation aims to revolutionize physicians assess patient blood flow during surgical and clinical procedures.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Siemens Healthineers, GE HealthCare Technologies Inc., CooperSurgical Inc., Natus Medical Incorporated, Schiller AG, Edan Instruments Inc., Meditech Equipment Co. Ltd., A.D. Instruments Pty Ltd., CHISON Medical Technologies Co. Ltd, Huntleigh Healthcare Ltd., Medistim ASA, Compumedics Limited, LRE Medical GmbH, Perimed AB, Nicolet Vascular Inc, Parks Medical Electronics Inc., Koven Technology Inc., Sifin Diagnostics GmbH, Hadeco Inc., D.E. Hokanson Inc., Advanced Instrumentations Inc., ELCAT GmbH, Infrascan Inc., Multigon Industries Inc., Newman Medical LLC, SonoSite Inc., Sunray Medical Apparatus Co. Ltd., Viasonix Ltd., Wallach Surgical Devices Inc, Vcomin Technology Limited
Portable Vascular Doppler Market 2024 Key Insights:
• The portable vascular doppler market size is expected to see strong growth in the next few years. It will grow to $2.09 billion in 2028 at a compound annual growth rate (CAGR) of 5.9%.
• Cardiovascular Disease Impact On The Portable Vascular Doppler Market
• Revolutionizing Vascular Assessment Through The Launch Of Wireless Dopplers
• North America was the largest region in the portable vascular doppler market in 2023.
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