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Contrast Enhanced Ultrasound Industry Outlook 2025-2029: Market Set to Cross $2.69 Billion Milestone
Contrast Enhanced Ultrasound
How Large Will the Contrast Enhanced Ultrasound Market Size By 2025?
The market size for contrast enhanced ultrasound has seen significant expansion in the past few years. The market, previously valued at $2.05 billion in 2024, is projected to expand to $2.16 billion in 2025. This increase is at a compound annual growth rate of 5.1%. The historic growth is a result of its diagnostic precision and sensitivity, its non-invasive procedure, and safety. Additionally, the surge in liver diseases globally, increased aging population, as well as a preference for non-radiation techniques have also contributed to its growth.
How Big Is the Contrast Enhanced Ultrasound Market Size Expected to Grow by 2029?
The market size for contrast enhanced ultrasound is anticipated to experience substantial growth in the coming years, reaching $2.69 billion by 2029 with a compound annual growth rate (CAGR) of 5.7%. The surge in this projected period can be credited to the increase in cardiovascular diseases, the widespread usage in pediatric imaging, its extended function in gastrointestinal imaging, an intensifying emphasis on precision medicine, and association with artificial intelligence. The impending period will be marked by ongoing technological innovations, ultrasound technology advancements, broadening utilization in oncology, consolidation with multimodal imaging, real-time quantitative evaluations, and applications in pediatrics.
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Which Key Market Drivers Powering Contrast Enhanced Ultrasound Market Expansion and Growth?
The increase in chronic diseases is foreseen to boost the contrast-enhanced ultrasound market's growth. These chronic diseases, defined as long-lasting health conditions that necessitate continuous medical treatment and care, benefit greatly from contrast-enhanced ultrasound. The technology yields real-time, detailed imagery of several chronic illnesses including liver cirrhosis or hypertension-associated vascular diseases, promoting better long-term management. For example, the World Health Organization reported in September 2023 that out of the 41 million deaths worldwide caused by non-communicable diseases (NCDs), the equivalent of chronic diseases, 74% are attributed to chronic diseases. As a result, the contrast-enhanced ultrasound market is expected to grow due to the increased occurrence of chronic diseases. Contrast Enhanced Ultrasound Market Driver: Impact of Ambulatory Surgical Centers on the Growth of the Contrast-Enhanced Ultrasound Market
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Which Fast-Growing Trends Are Poised to Disrupt the Contrast Enhanced Ultrasound Market?
Leading companies in the contrast-enhanced ultrasound market are focusing on the development of cutting-edge technologies such as super-resolution contrast-enhanced ultrasound (CEUS) technology, which significantly enhances CEUS image spatial resolution. By incorporating these advanced technologies into contrast-enhanced ultrasound, diagnosis is improved as it allows healthcare professionals to gather comprehensive and exact details pertaining to the anatomy, functionality, and perfusion of tissues and organs. For instance, in September 2023, Philips, a company from the Netherlands renowned for developing and producing medical systems and consumer electronics products, took the initiative to introduce the Philips Microvascular Imaging Super Resolution Contrast-Enhanced Ultrasound (CEUS). This is a super-resolution CEUS technology utilizing advanced signal processing algorithms to elevate CEUS image spatial resolution. This technology is instrumental in procuring high-definition images of blood vessels and other structures which forms the basis for diagnosing and treating a myriad of diseases, such as cancer, liver disease, and numerous vascular diseases.
What Are the Emerging Segments in the Contrast Enhanced Ultrasound Market?
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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Who Are the Global Leaders 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.
Which are the Top Profitable Regional Markets for the Contrast Enhanced Ultrasound Industry?
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.
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