Doppler Ultrasound Market Growing Rapidly with Modern Trends, Development, Investment Opportunities, Share, Revenue, Demand and Forecast 2022 to 2031

Kenneth Research, in its repository of market research reports, have recently added a report on Doppler Ultrasound Marketwhich emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The Doppler Ultrasound Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Doppler Ultrasound Market products.

The Global Doppler Ultrasound Market is expected to hold a value of USD 2,800 Million by 2025 at a CAGR of 7.95%.A doppler ultrasound is a test that uses high-frequency sound waves to measure the amount of blood flow through your veins and arteries, those that supply blood to your arms and legs. As doppler ultrasound is used rigorously to early diagnosis of the abnormalities in fetuses in pregnancy at a late age; hence, companies are investing in this market.

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In 2018, the worldwide GDP stood at USD 84,740.3 Billion as compared to the GDP of USD 80,144.5 Billion in 2017, marked a growth of 5.73% in 2018 over previous year according to the data quoted by International Monetary Fund. This is likely to impel the growth of Keyword market over the period 2019-2026.

The Keyword market report also focuses on the analysis on the basis of geography which includes North America (U.S. and Canada), Latin America (Mexico, Brazil, Argentina, Rest of Latin America), Europe (Germany, UK, France, Spain, Italy, NORDIC, BENELUX, Poland, Russia, Hungary, Rest of Europe), Asia Pacific (China, Japan, India, Australia, New Zealand, South Korea, Malaysia, Indonesia, Rest of Asia Pacific) and Middle East and Africa (GCC, North Africa, South Africa and Rest of Middle East and Africa). In U.S., the GDP per capita was valued at USD 62,606 in 2018 as compared to USD 59,895 marked in 2017, observed a growth of 4.53% in 2018 over previous year. Rise in GDP per capita has intensified the growth of this market in the country

Market Drivers

Mounting incidences of cardiovascular diseases (CVDs). Thus, the growing number of cardiovascular diseases increases the use of doppler ultrasound for early detection of the disease. For example, in 2016, as per a survey, it was reported that cardiovascular disease is the leading global cause of death, accounting for more than 17.6 million deaths per year, it is expected to grow, more than 23.6 million by 2030.Increasing mergers & acquisitions by prominent players in the market.

As the acquisition and mergers facilitate the companies to enter the new market with innovative technologies. For instance, In March 2018, Hologic (US) entered into a distribution agreement with Clarius (Canada) in order to market its wireless, handheld ultrasound scanner in Canada.The high rate of abnormalities in fetuses due to pregnancy at a later age.Increasing awareness about improved gynecological care for pregnant women

By Product

Trolley Based: Expected to hold the largest share, owing to their increased use in acute care settings and emergency care in hospitals and healthcare institutions.Handheld: This is a modality of medical ultrasonography that utilizes small and light devices, compared to the console-style ultrasound machines.

By Application

Radiology: This is expected to be the largest segment, owing to technological advancements in the field of ultrasound-based diagnosis and growing adoption of Doppler ultrasound for diseaseObstetrician-Gynecologist: This is expected to be the second-largest segment, owing to the increasing awareness about improved gynecological care for pregnant women.Cardiology: As CVDs are growing globally, doppler ultrasound plays a crucial role in their detection.Others: Others include, neurological applications, urological applications, orthopedic & musculoskeletal applications, and pain management where doppler ultrasound is being used.

By End-User

Hospitals and Clinics: The largest segment, hospitals, and clinics are usually the first place for the diagnosis and treatment of patients. Growing awareness about new technologies and increasing use of doppler ultrasound are projected to drive the growth of this segment during the forecast period.Diagnostic Centers: Diagnostic laboratories conduct various tests to detect the presence of a disease.

Ambulatory Settings: Ambulatory care is provided in settings such as ambulatory surgical centers, dialysis clinics, hospital outpatient departments, and other health professionals.

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Others: This segment includes research organizations and academic institutions.

By Region

Americas: The largest regional market. In the countries like the US and Canada, new technologically advanced ultrasound devices are introduced, and top players such as Analogic Corporation, GE Healthcare, Philips Healthcare resides in the Americas. This contributes to the growth of the doppler ultrasound market in this region.

Europe: The increased use of ultrasound in the clinical applications, coupled with the ongoing clinical research projects in the field of ultrasound, are expected to boost the growth of the doppler ultrasound market in the European region.Asia-Pacific: Asia-Pacific is anticipated to be the fastest-growing region in the global Doppler ultrasound market. The region is witnessing a surge in the number of people afflicted with chronic diseases. This demands improved doppler ultrasound for disease testing.Middle East & Africa: The smallest market due to limited healthcare infrastructure and limited exposure to technological advancements.

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Key Players

Canon Medical Systems (Japan)

General Electric Company (US)

Koninklijke Philips NV (Netherlands)

Siemens Healthcare Private Limited (Germany)

Toshiba Corporation (Japan)

Analogic Corporation (US)

Fujifilm Holdings Corporation (Japan)

Samsung Electronics Co., Ltd (South Korea)

Hitachi Ltd. (Japan)

Esaote SPA (Italy)

Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China)

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