Global Doppler Ultrasound Systems Market – Snapshot
The global Doppler ultrasound systems market was valued at approximately US$ 1.3 Bn in 2017 and is anticipated to reach a value of approximately US$ 2.7 Bn by 2026, expanding at a CAGR of 7.8% from 2018 to 2026. The global Doppler ultrasound systems market is driven by the rise in incidence of target diseases such as cardiovascular diseases, respiratory and abdominal disorders, increase in the geriatric population, and a surge in the rate of adoption of technologically advanced Doppler ultrasound systems. Furthermore, a rise in patient awareness and healthcare expenditure and technological advancements are expected to drive the market during the forecast period.
The global Doppler ultrasound systems market has been segmented based on portability, application, end-user, and region. In terms of portability, the global market has been classified into handheld, and trolley-based. Based on application, the Doppler ultrasound systems market has been categorized into obstetrician-gynecologist, radiology, cardiology, and others. Based on end-user, the market has been segregated into hospitals, clinics, diagnostic centers, ambulatory settings, and others. Based on region, the global market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
In terms of portability, the handheld segment is anticipated to dominate the global Doppler ultrasound systems market, owing to advanced features that increase the uptake of handheld devices. Furthermore, increase in chronic diseases, such as cardiovascular and neurological disorders, and increased funding by government and private bodies are also expected to boost the market during the forecast period. In terms of application, the obstetrician-gynecologist segment dominated the market in 2017. It is expected to maintain its dominant position in the market during the forecast period. Based on end-user, the diagnostic centers segment dominated the market in 2017, owing to an increase in patient population and improvement in health care infrastructure.
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North America held a significant share of the global market in 2017. This is due to constant introduction of advanced ultrasound devices in the region. Moreover, major players such as GE Healthcare, Philips Healthcare and Toshiba Medical Systems Corporation are domiciled in this region. The U.S. held a major share of the market in North America as well as globally.
The region is a major hub for innovation, where the world’s leading companies in the segment conduct research and development. However, a rise in the geriatric population and favorable health care reimbursement regulations are likely to drive the market in the region during the forecast period. The market in Asia Pacific is estimated to expand at a CAGR of 8.8% during the forecast period from 2018 to 2026. High growth rate of the market in this region is attributed to the rising incidence of abdominal disorders coupled with strong government initiatives for Doppler ultrasound imaging in countries such as India and China.
Major players operating in the global Doppler ultrasound systems market include Canon Inc., Koninklijke Philips N.V., Siemens Healthcare Private Limited, Analogic Corporation, FUJIFILM Holdings Corporation, Hitachi, Ltd., GENERAL ELECTRIC, SAMSUNG, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., and Esaote SpA. Increase in mergers & acquisitions, new product development, and strategic collaborations between major companies and governing authorities are expected to drive the global market during the forecast period.
This post was originally published on Market Reports