Press release
Contrast Enhanced Ultrasound Market Poised for 5.7 % Growth, Set to Hit $2.69 Billion by 2029
Contrast Enhanced Ultrasound Market
An increase in chronic diseases cases is postulated to fuel the expansion of the contrast-enhanced ultrasound market in the future. Chronic conditions are prolonged health issues requiring continuous medical intervention and attention. Contrast-enhanced ultrasound is instrumental in providing real-time, in-depth imagery of several chronic conditions such as liver cirrhosis and hypertension-related vascular diseases, aiding in effective longer-term management. For example, the World Health Organization, the United Nations' Switzerland-based specialty agency, reported in September 2023 that chronic, or non-communicable diseases (NCDs), were responsible for a whopping 41 million, or 74% of the annual global death toll. As a result, the surge in chronic disease prevalence is predicted to spur the contrast-enhanced ultrasound market's growth. Contrast Enhanced Ultrasound Market Driver: Influence of Ambulatory Surgical Centers on the Expansion of the Contrast-Enhanced Ultrasound Market
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What growth opportunities are expected to drive the contrast enhanced ultrasound market's CAGR through 2034?
The market size of contrast enhanced ultrasound has seen robust growth in the past few years, and it is anticipated to keep expanding from $2.05 billion in 2024 to $2.16 billion in 2025, with a compound annual growth rate (CAGR) of 5.1%. The increase during the historical period has been driven by factors such as the accuracy and sensitivity of diagnosis, the procedures' non-invasive and safe nature, the rising occurrence of liver diseases, a global surge in the aged population, and an escalating preference for techniques that do not involve radiation.
Anticipated to witness considerable expansion in the subsequent years, the contrast enhanced ultrasound market is predicted to soar to $2.69 billion by 2029, with a compound annual growth rate (CAGR) of 5.7%. This projected upsurge during the forecast period is correlated with the rise in cardiovascular maladies, the widening use in pediatric imaging, the increasing involvement in gastrointestinal imaging, the escalated focus on precision medicine, and integration with artificial intelligence. The forecast period will also see continued technological gains, advancements in ultrasound techniques, broader applications in oncology, integration with multimodal imaging, real-time quantitative assessments, and pediatric applications.
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What are the emerging trends shaping the future of the contrast enhanced ultrasound market?
Key players in the contrast-enhanced ultrasound market are driving progress through the creation of state-of-the-art technologies such as super-resolution contrast-enhanced ultrasound (CEUS) technology. This advancement heightens the spatial resolution of CEUS imagery. The combination of modern technology with contrast-enhanced ultrasound amplifies diagnostic proficiency, allowing medical practitioners to derive more comprehensive and accurate data regarding the tissue and organ functions and anatomical structures. In September 2023, for instance, Philips - a Netherlands-established company renowned for manufacturing consumer electronic goods and medical systems - introduced Philips Microvascular Imaging Super Resolution Contrast-Enhanced Ultrasound. This super-resolution CEUS technology applies sophisticated signal processing algorithms to elevate the spatial resolution of CEUS images, thereby producing high-definition images of blood vessels and other structures for diagnosing and treating various illnesses such as liver disease, cancer, and vascular diseases.
Which growth-oriented segments of the contrast enhanced ultrasound market are leading the industry's development?
The contrast enhanced ultrasound market covered in this report is segmented -
1) By Product: Equipment, Contrast Agent
2) By Technology: Non-targeted, Targeted
3) By Application: Hospitals, Clinics, Other Applications
Subsegments:
1) By Equipment: Ultrasound Machines, Portable Ultrasound Devices
2) By Contrast Agent: Gas-filled Contrast Agents, Microbubble Contrast Agents, Lipid-based Contrast Agents
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What regions are leading the charge in the contrast enhanced ultrasound market?
North America was the largest region in the contrast-enhanced ultrasound market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the contrast enhanced ultrasound market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the contrast enhanced ultrasound market?
Major companies operating in the contrast enhanced ultrasound market report are General Electric Company, Bayer AG, Bristol-Myers Squibb Company, Siemens Healthcare GmbH, Koninklijke Philips N.V., Daiichi Sankyo Company Limited, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., J.B. Chemicals and Pharmaceuticals Ltd., Canon Medical Systems, Lantheus Medical Imaging Inc., Guerbet, Bracco Diagnostic Inc., Esaote S.p.A., Trivitron Healthcare Pvt. Ltd., BK Medical Holding Company Inc., Hitachi Healthcare, Chison Medical Technology Co. Ltd., SANOCHEMIA Pharmazeutika GmbH, SuperSonic Imagine SA, FUJIFILM Visualsonics Inc., Leriva Pharma SA, Samsung Healthcare, Jodas Expoim Pvt Ltd., nanoPET Pharma GmbH, Alpinion Medical Systems, Acusphere Inc., ContextVision AB, Teratech Corporation, Solstice Pharmaceuticals B.V.
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What Is Covered In The Contrast Enhanced Ultrasound Global Market Report?
• Market Size Forecast: Examine the contrast enhanced ultrasound market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the contrast enhanced ultrasound market for a structured understanding.
• Key Players Overview: Analyze major players in the contrast enhanced ultrasound market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the contrast enhanced ultrasound market.
• Segment Contributions: Evaluate how different segments drive overall growth in the contrast enhanced ultrasound market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the contrast enhanced ultrasound market.
• Industry Challenges: Identify potential risks and obstacles affecting the contrast enhanced ultrasound market.
• Competitive Landscape: Review strategic developments in the contrast enhanced ultrasound market, including expansions, agreements, and new product launches.
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