The global ultrasound market is expected to reach $ 9 billion by 2026, up from $ 6.7 billion by 2021, to the CAGR of 6.3% at the time of forecasting, according to a new report from Markets and Markets. Ongoing technological advances in the field of ultrasound imaging and treatment imaging, the discovery of therapeutic benefits of ultrasound diagnostic procedures in mature markets, and the growing use of emerging ultrasound techniques (including Doppler ultrasound in vascular imaging and 3-D / 4-D) ultrasound in oncology) are driving this growth in the ultrasound market.
Market Divide
The ultrasound market is divided into several categories, including diagnostic and therapeutic ultrasound. According to Globe Newswire, the ultrasound diagnostic component can be even remotely divided into 2-D ultrasound, 3-D and 4-D ultrasound, and Doppler ultrasound. “The therapeutic component of ultrasound is further divided into high-intensity focused ultrasound (HIFU) and extracorporeal shockwave lithotripsy (ESWL). The diagnostic ultrasound component holds the largest market share in the ultrasound market. Factors such as technological advances and the increasing use of ultrasound in the diagnosis of various conditions such as tumors, heart disease, pain management, are among the factors that contribute to the development of this phase, ”according to the authors of the report.
Market Trends
Many trends drive the growth of the ultrasound market, as well as other important factors including the increase in chronic diseases and the increase in population worldwide.
Artificial intelligence. Ultrasound trends include the introduction of artificial intelligence (AI). According to a recent report by Fortune Business Insights, some of the leading market players are emphasizing the development of advanced devices and systems integrated with AI. "This initiative is designed to overcome certain limitations related to conventional equipment such as the length of time required for testing, the poor image quality in certain cases, and the high reliance on experts to locate and interpret images," the report said. . The introduction of AI programs by key players in the industry is expected to boost the market growth.
Increase in Doppler systems. The Doppler segment accounted for about 34 percent of the market share in 2020 led by a growing need to diagnose chronic heart conditions, according to a new report from Global Market Insights. The Doppler echocardiogram helps to properly diagnose abnormalities of the heart valves.
The growing demand for portable ultrasound equipment. The combined/hand-held portion was estimated at $ 1.7 billion by 2020 due to increased spending due to its compactness and ease of inpatient and intensive care, according to a report by Global Market Insights. Its versatility enhances device usage in a variety of healthcare settings such as hospitals, remote healthcare settings, and ambulance care facilities.
“Handheld devices help physicians to diagnose a patient quickly and initially. The increasing use of office physicians in various fields of medicine, such as urology and gastroenterology, has created a huge demand for handheld ultrasound equipment, thus boosting business growth, ”the authors of the report said.
Increase in heart disease. Half of the heart disease accounted for about 19.2% of the budget by 2020 and was driven, according to data from Global Market Insights, by the increased use of diagnostic ultrasound in the diagnosis of heart disease. The incidence of heart disease is increasing, and diagnostic ultrasound equipment plays a vital role in the rapid diagnosis of cardiovascular obstruction and other heart problems. Another advantage is the incorrect procedure, which has no known adverse effects.
What You See Radiology
Following the release of new releases in mid-2020 since the COVID-19 epidemic, the industry saw a host of new jobs in 2021. Many of these new technologies were demonstrated at the annual meeting of the Radiological Society of North America's (RSNA) 2021 in December.
In March 2021, GE Healthcare introduced the Vscan Air, a high-performance, wireless ultrasound that offers clear image quality, full-body scanning capabilities, and intuitive software that gets into the hands of doctors. GE launched the first ultrasound equivalent to a color package, Vscan, in 2010. To date, there are more than 30,000 Vscan Family programs in doctors' pockets, contributing to the care of more than 50 million patients worldwide, according to the company.
In September, Samsung Medison, a subsidiary of Samsung Electronics, unveiled a state-of-the-art V8 ultrasound system. Provides improved image quality, usability, and ease of use for medical professionals. Radiology is equipped with S-Shearwave Imaging which provides information on tissue stiffness due to the use of ultrasonic transverse extensions.
In October, Mindray unveiled its TE7 Max ultrasound scanner that enhances power in the care area (POC) market. It is designed to exceed the requirements of the desired POC areas and provides physicians with complete customized workflow procedures, as well as a wide range of intelligent AI-enabled tools in an integrated environment.
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