Growing initiatives to reduce the mortality burden due to inadequate access to skilled healthcare likely to heighten growth scope for Doppler ultrasound manufacturers in the long run
Growing initiatives to reduce the mortality burden due to inadequate access to skilled healthcare likely to heighten growth scope for Doppler ultrasound manufacturers in the long run
Fact.MR’s ongoing global Doppler ultrasound market study anticipates a forward oriented trajectory, experiencing a substantial increase throughout 2021. As the burden of chronic diseases increases, countries are looking to leverage precision based minimally invasive surgical procedures, thereby bolstering the long-term growth prospects.
According to the Diabetes Research and Clinical Practice publication by the International Diabetes Federation, global diabetes prevalence was estimated to be over 9% (463 million people), likely to reach 10.2% (578 million) by 2030, and eventually to 10.9% (700 million) by 2045. Prevalence in urban areas is higher than in rural areas. Therefore, patients are seeking advanced diagnostic care and treatment alternatives, providing traction to Doppler ultrasound equipment sales.
Opportunities are especially high across the maternity care segment. As per UNICEF’s data, 60% of pregnant women access skilled antenatal care four times during their pregnancy period, while 87% receive antenatal care with a skilled health professional at least once. Regions with high maternal mortality- such as Western and Central Africa and South Asia- are likely to emerge as highly promising markets, as healthcare infrastructure improvement acquires priority.
“Increasing governmental efforts to prevent mortality rate increases induced by surging chronic ailments and inadequate access to adequate skilled prenatal care across emerging economies by promoting healthcare infrastructure development is providing Doppler ultrasound manufacturers with an increased scope for market penetration across the developing world,” says the Fact.MR analyst.
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Key Takeaways from Fact.MR’s Doppler Ultrasound Market Study:
- Increasing demand for precision based surgeries to elevate demand for handheld Doppler ultrasound devices
- Diagnostics centers to remain primary end-users, owing to rising preference by patients to visit specialized centers for screening
- US to emerge as a highly attractive market, on the back of surging cases of chronic ailments
- Increasing implementation of maternity care programs, such as the “Better Births” program to heighten UK’s growth prospects
- Germany and France to emerge as highly lucrative markets, marked by new product launches
- High birth rates and expanding population to pivot sales across the Indian market
Doppler Ultrasound Market- Prominent Drivers
- Growing prevalence of chronic conditions such as CVDs and increased focus on women’s health likely to bolster Doppler ultrasound devices adoption
- Manufacturers are discovering healthy growth opportunities in the oncology segment
- Technological advancements and incorporation of smart technologies and AI to provide impetus to future growth
Doppler Ultrasound Market- Key Restraints
- Preference for refurbished equipment by small-scale players in the wake of high installation costs to restrain expansion prospects
- Reduction in medical care spending to cut costs by key countries is also anticipated to restrain equipment sales
Discover more about the Doppler ultrasound market with figures, data tables and the table of contents. You will also find detailed market segmentation on https://www.factmr.com/report/2708/doppler-ultrasound-market
Competitive Landscape
According to Fact.MR, prominent Doppler ultrasound solutions providers include GE, Koninklijke Philips, Siemens, Toshiba, Analogic, Fujifilm Holdings, SAMSUNG, Hitachi, Esaote, Mindray Medical and Shenzhen Mindray Biomedical Electronics among others. New product launches constitute an important expansion strategy for key players.
For instance, in 2018, Koninklijke Philips launched an industry first integrated tele-ultrasound solution based on its Lumify portable ultrasound system, powered by Innovative Imaging Technologies’ Reacts collaborative platform. The innovation helps connect clinicians around the world in real time.
Strategic collaborations have also assisted several service providers in cementing their foothold across the market. In December 2020, for instance, GE Healthcare and Wayra UK collaborated to support start-ups which develop AI applications for healthcare and accelerate the path of new solutions for healthcare to market, including Doppler ultrasound devices.
More Insights on the Doppler Ultrasound Market
In its latest report, Fact.MR offers unbiased analysis of the global Doppler ultrasound market. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of product (handheld & trolley based) and end users (hospitals, clinics, ambulatory surgical centers, diagnostic centers & others) across seven major regions (North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa).
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