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Doppler Ultrasound Global Market Report 2024 Global Market Analysis, Trends, Growth, Research And Forecast 2033
Doppler Ultrasound Global Market
According to The Business Research Company's, 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 growth in the historic period can be attributed to improvements in image processing, healthcare system adoption, research and clinical studies, evolving vascular and venous imaging, prenatal care enhancements.
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 growth in the forecast period can be attributed to market expansion in developing regions, increasing demand for non-invasive diagnostics, expansion in geriatric population, rise in chronic diseases, prenatal care advancements. Major trends in the forecast period include enhanced imaging resolution, portable and handheld devices, integration of artificial intelligence (ai), expanding applications in cardiology, focus on vascular imaging, increasing utilization of doppler ultrasound for vascular imaging and evaluation of b.
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Market Drivers and Trends:
The increasing prevalence of chronic diseases is expected to propel the growth of the doppler ultrasound market going forward. A chronic disease is one that persists for a year or more, requires ongoing medical attention, limits daily activities, or both. Doppler ultrasound has been frequently used in the evaluation of chronic diseases since it is a non-invasive, safe, and affordable tool. This includes diagnostic, prognostic, and therapeutic assessments. For instance, in January 2023, according to the National Library of Medicine, a US-based medical library operated by the federal government, it was projected that by the year 2050, the number of individuals aged 50 years and older who have at least one chronic illness would surge by 99.5%, rising from 71.52 million in 2020 to 142.66 million. Therefore, the rise in chronic diseases is driving the growth of the doppler ultrasound market.
Product innovations are a key trend gaining popularity in the doppler ultrasound market. Companies operating in the doppler ultrasound market are working on new product innovations to sustain their position in the market. For instance, in January 2022, EagleView Ultrasound, a China-based producer of ultrasound devices, launched its first portable doppler ultrasound equipment, giving ultrasound imaging far more mobility and lowering the cost of the point-of-care option. It's a wireless ultrasonic probe that works with an iOS or Android app on a tablet or phone. Due to the various types of ultrasonic transducers used, it may serve as a phased array, linear, and convex ultrasound probe all at the same time. It can switch from shallow to deep scans with a simple flip. This portable ultrasound represents a substantial advancement in probe technology. This innovative technology tremendously benefits doctors in clinical crises, ward rounds, outpatient clinics, and other settings.
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Major Key Players of the Market:
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
Doppler Ultrasound Market 2024 Key Insights:
• The doppler ultrasound market size will grow to $2.75 billion in 2028 at a compound annual growth rate (CAGR) of 3.6%.
• Escalating Chronic Disease Burden Drives Doppler Ultrasound Market
• Innovative Breakthrough In The Doppler Ultrasound Market
• North America was the largest region in the doppler ultrasound market in 2023
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