Diagnostic Ultrasound Market Size By Technology (2D, 3D and 4D, Doppler), By Portability (Trolley, Compact/Handheld), By Application (General Imaging, Cardiology, Obstetrics/Gynecology), By End-use (Hospitals, Maternity Centers), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 - 2030"
The global diagnostic ultrasound market is expected to register appreciable proceeds over the forecast period on account of the technological advancements in the diagnostic sector.
Patients affected by chronic diseases expect to obtain effective diagnosis and treatment. Advanced diagnostic systems such as ultrasounds cater to these patient requirements, given the increasing availability of portable, single-use systems ultrasound devices.
Furthermore, modern diagnostic ultrasound systems have physically reduced in size, which causes less heat generation and increases efficiency as compared to the previous single-use, cart-based systems. This high portability and increased effectiveness of diagnosis are expected to fuel product consumption in diagnostic applications over the coming years.
Prominent manufacturers are also focusing on unveiling novel ultrasound systems. Citing an instance, Canon unveiled the latest version of its Canon Aplio 900 CV system in 2018. The ultrasound system is lightweight, making it an effective alternative for point-of-care settings.
Likewise, in January 2022, Gke-GmbH unveiled GKE-SEAL TEST indicators for bar sealers and rotary sealers. This product launch was intended to help the company in extending its portfolio and widen its revenue streams. Such advancements in ultrasound technology and the introduction of new products are anticipated to create lucrative growth opportunities for the diagnostic ultrasound market over the years.
The diagnostic ultrasound market is bifurcated based on technology, portability, application, end-use, and region.
Based on technology, the market share from the 3D and 4D segment is expected to generate substantial proceeds over the forecast period. The growing demand for these ultrasound systems is driven mainly by their enhanced imaging capabilities, allowing for the detection of abnormalities that may be overlooked in 2D ultrasounds. Furthermore, 3D and 4D ultrasounds can create live motion images, bolstering their usage in real-time applications such as fetal monitoring.
With regards to application, the diagnostic ultrasound market is divided into General imaging, cardiology, obstetrics/gynecology, and others. The others segment, which includes urological, abdominal, breast, and cerebrovascular examination registered revenue worth USD 1.3 billion in 2021.
The growing prevalence of chronic disorders due to unhealthy dietary choices and sedentary lifestyles has increased the importance of early diagnosis and treatment. Furthermore, advancements in diagnostic devices along with R&D programs in academic institutes are likely to complement industry expansion over the years.
The diagnostic ultrasound industry value from the maternity centers end-use segment was worth over USD 1.5 billion in 2021. The growing birth rate has increased the demand for diagnostic and treatment establishments such as maternity centers.
According to the CDC, the United States recorded over 3,659,289 births in 2021. Maternity centers have multiple benefits over traditional hospitals such as convenience, patient-centered care, affordability, and availability of novel technology. With the growing focus on fetus safety and increased usage of advanced technology, the use of diagnostic ultrasound systems in maternity care centers is expected to grow steadily over the forthcoming years.
Regionally speaking, the North America diagnostic ultrasound industry registered remuneration worth over USD 2 billion in 2021, due to the rising occurrence of chronic ailments. Furthermore, increased R&D initiatives, in addition to advancements in diagnostic ultrasound technology are expected to influence regional market dynamics.
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