The demand for diagnostic ultrasound systems is anticipated to grow at a substantial rate ascribed to growing prevalence of chronic illness like liver diseases and cardiac disorders among middle- and low-income countries.
The demand for diagnostic ultrasound systems is anticipated to grow at a substantial rate ascribed to growing prevalence of chronic illness like liver diseases and cardiac disorders among middle- and low-income countries. According to a World Health Organization (WHO) report, nearly 75% of CVD deaths are recorded across middle and low-income nations. Evolving lifestyle habits like unhealthy dietary patterns, sedentary routine, and increasing consumption of tobacco and alcohol have increased the probability of contracting chronic diseases.
Adoption of ultrasound imaging in diagnosis of the tumor, heart conditions, stomach problems, brain infections, abnormal growth of liver, and abdominal cysts could enhance the business outlook for ultrasound diagnostic device manufacturers. According to Global Market Insights, Inc., the diagnostic ultrasound market could record USD 7 billion by the year 2025.
Surging birth rates in countries like China, Germany, and Russia could offer considerable impetus to businesses operating in this niche. Ultrasound scans offer vital information to medical practitioners that allow them to give precise diagnoses on baby’s health. These devices are capable of detecting anomalies inside the mother’s womb.
Highlighted below are some of the trends that could boost diagnostic ultrasound market outlook:
- High demand for COVID-19 detection tests -
The ongoing COVID-19 health crisis has driven the need for effective diagnostic tools on a large-scale. Researchers are constantly innovating new ultrasound tests to deliver more precise results of the symptoms. A recent study discovered that the integration of clinical evaluation with lung ultrasound (LUS) would offer increased sensitivity for COVID-19 pneumonia diagnosis and might facilitate the detection of false-negative SARS-CoV-2 RT-PCR results. Such initiatives could broaden the business horizon for diagnostic ultrasound equipment.
To access sample pages of this report titled, “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-user (Hospitals, Maternity Centers), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents, please click on the link below:
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- Favorable opportunities across Europe -
Mounting presence of ageing population and a surge in occurrence of chronic diseases could stimulate the demand for effective diagnostic ultrasound services in Europe. Studies claim that the regional diagnostic ultrasound market could observe a CAGR of 2.6% during the predicted timeframe. Constant healthcare developments in countries like Germany supported by rapid technological innovation could strengthen regional industry growth.
In November 2020, a team of researchers from Lithuanian University of Health Sciences and Kaunas University of Technology developed a non-invasive method for identifying melanoma. This patented computer-aided solution is said to be 90% accurate in analyzing malignancy in diagnostic images.
- Implementation of business expansion strategies -
Companies operating in the diagnostic ultrasound market such as Analogic, Koninklijke Philips, Arthrex, Chison, Esaote, C.R. Bard, GE Healthcare, FujiFilm, Fukuda Denshi, Mobisante and Promed, Kalamed, and Hitachi are engaging in organic as well as inorganic strategies like acquisition, new product launch and mergers to expand their market presence and geographical reach.
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