Contrast Enhanced Ultrasound Market | Rising Demand for Accurate and Sensitive Diagnostic Tools Drive the Market
The contrast enhanced ultrasound market is growing with the onset of affordable contrast agents, contrast imaging modes, and growing ultrasound procedural volume. These modes are becoming intrinsic features of ultrasound systems, and bolster demand in the contrast enhanced ultrasound industry.
The contrast enhanced ultrasound is patient-friendly, radiation-free, and cost-efficient compared to other technologies. These features are anticipated to bolster demand in the contrast enhanced ultrasound industry. In addition, contrast enhanced ultrasound technology has been integrated into Point-of-Care diagnostics. This combination serves as a key factor for the adoption of this combination to fight against novel COVID-19.
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The contrast enhanced ultrasound ensures early diagnosis of pneumonia related to COVID-19. It serves as a key factor to boost growth in the contrast enhanced ultrasound market. There is a rapid increase in the count of lung ultrasonography processes, and it further boost demand in the contrast enhanced ultrasound industry. In addition, gastrointestinal and cardiovascular diseases are increasing at a rapid pace. These diseases boost demand in the contrast enhanced ultrasound vertical.
Contrast Enhanced Ultrasound Market: Key Trends
The onset of advanced ultrasound units along with nonlinear imaging techniques and transducer technology has simplified the contrast enhanced ultrasound workflow. It further fuels opportunities in the contrast enhanced ultrasound industry. The manufacturers from contrast enhanced ultrasound industries are attracted to provide better solutions of ultrasound imaging through a single system. It further increases the product usability and also ensures improvements in the diagnostic experience.
Frequent monitoring of ejection fraction and left ventricular volume is crucial to determine the type and timing of treatment that has been offered to a patient witnessing cardiovascular disorders. So, it leads to the increased adoption of contrast enhanced ultrasound processes to ensure effective treatment.
The availability of advanced ultrasound imaging techniques such as LV, LVEF, and harmonic imaging does not provide accurate estimated value because of poor endocardial border delineation. It leads to rising demand for accurate and sensitive diagnostic tools. These tools assure qualitative assessment of ventricular volume among cardiac patients. These factors further boost demand in the contrast enhanced ultrasound market.
Contrast Enhanced Ultrasound Market: Competitive Dynamics and Key Developments
Different market strategies such as partnerships, joint ventures, product launches, and mergers and acquisitions are adopted by key industries from contrast enhanced ultrasound technology to boost demand. For example, GE Healthcare and Daiichi Sankyo have formed an agreement in March 2020. Daiichi Sankyo will be returning exclusive development and marketing rights for four diagnostic imaging agents of GE Healthcare in Japan. Further, Daiichi Sankyo will also return the marketing authorization rights to GE Healthcare in Japan.
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Some of the key players in the contrast enhanced ultrasound market include:
- NanoPET Pharma GmbH
- Bracco Diagnostic
- Lantheus Medical Imaging, Inc.
- General Electric
- ESAOTE SPA
- Siemens Healthcare GmbH
Contrast Enhanced Ultrasound Market: Regional Assessment
The contrast enhanced ultrasound market is majorly bifurcated into five different regions. These regions include North America, Asia Pacific, Europe, Middle East, and Africa, and Latin America. Among these five regions, North America accounts for the largest share in the contrast enhanced ultrasound industry. This increasing growth in the region is on the back of extensive application of contrast enhanced ultrasound. These ultrasounds are primarily used in abdominal and cardiac imaging. In addition, multiple training and education programs are conducted for radiologists and sonologists in the North American region. These training programs are primarily related to therapeutic uses and diagnosis of contrast enhanced ultrasound. These factors are cumulatively boosting prospects in the contrast enhanced ultrasound market in the North American region.
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