Doppler Ultrasound Market

Doppler Ultrasound Market Size and Growth Rate (2023-2028)

The Global Doppler ultrasound market was valued at USD 8.20 billion in 2022 and is anticipated to reach nearly USD 9.30 billion by 2028, with a rise in CAGR of 3.37% from 2023 to 2028.

Doppler Ultrasound Market Share Insights:

• Based on the portability, the hand-held segment held a 22.7% market share in 2022 and is anticipated to continue to dominate the market during the forecast period.
• Based on application, the Cardiology segment accounted for 54.44% market share in 2022.
• Based on End-user, the Hospital segment is anticipated to hold the leading market share in the global market.
• North America is the leading region in the global Doppler ultrasound market.

Impact of Covid-19 on the Doppler Ultrasound Market:

The pandemic crisis has negatively impacted the global Doppler ultrasound market. The demand for these devices declined during the pandemic crisis, due to a sudden decline in the manufacturing capacity and disruption in the global supply chains. The restriction on travel, social barrier, and lockdown led to delays in the production and delivery of these devices. The pandemic led to a high strain on the healthcare system to treat patients suffering from novel coronavirus thus it has resulted in the reduced demand for Doppler ultrasound procedures, the resources have shifted their priorities and reallocated for COVID-19-related care. The pandemic has decline in the market revenue of the Doppler ultrasound devices although this device witnessed high demand in the medical field, especially in the critical care unit due to their unique capabilities such as ease of use, portability, and high operating speed.

MARKET DRIVERS:

The first major factor fueling the growth of the Doppler ultrasound market is the rising prevalence of cardiovascular diseases. Globally around 34.4 million people suffer from the cardiovascular condition. The Doppler ultrasound is a valuable diagnostic tool for assessing blood flow and detecting various cardiovascular conditions. It helps to diagnose the condition such as arterial and venous disease, and peripheral artery disease. As more people suffer from the cardiovascular condition, it is necessary to treat the patient and give them proper medication, early detection of this disease is crucial for the effective management and prevention of the complication, and the Doppler ultrasound allows the healthcare professional to enable the timely intervention and preventive measures, factors such as sedentary lifestyle, poor dietary habits, and rising mental stress contribute to the rise in the cardiovascular diseases, the Doppler ultrasound helps to assess the impact of this factors on blood flow and vascular health, for personalized treatment, also this help for regular monitoring and daily follow up of cardiovascular condition hence this factor help in propelling the growth of the market.

Another major factor fueling the growth of the market is the emerging technological advancement in the Doppler ultrasound. The continuous advancement in technology brings improvement in imaging quality, accuracy in diagnosis, and clinical application. This enables the healthcare professional to visualize blood flow and vascular structure with greater accuracy and enhances diagnostic capabilities. The advancement also led to prevalent in the emergency and critical care setting enabling rapid assessment and informed decision making hence as more advantages are associated with the Doppler ultrasound devices this factor is expected to propel the market growth and earn more market revenue.

The third major factor favoring the growth of the market is the rising adoption of Doppler ultrasound devices among end-user for efficient diagnostic imaging majorly fuels the growth of the market. Doppler ultrasound provides real-time visualization of blood flow, offering valuable insights into various medical conditions, also the Doppler ultrasound is a non-invasive imaging technique that does not involve radiation, this factor enhances patient comfort and safety, and it is applicable across a wide range of medical specialties, and hence this factor majorly favors the market growth during the projected period.

The other key factor propelling the growth of the global Doppler ultrasound market include technological advancement, key product launches, high concentration of market players and partnerships among major players, emerging demand for minimally invasive procedures, rising prevalence of chronic diseases and lifestyle-related conditions fueling the growth of the market.

MARKET RESTRAINTS:

There are many factors rapidly driving the growth of the Doppler ultrasound market but there are some factors that negatively hamper the overall growth of the global market. High costs associated with the Doppler ultrasound system and strict regulatory policies are major obstacles expected to hamper the growth of the global Doppler ultrasound market. The initial cost of purchasing Doppler ultrasound equipment can be significant for healthcare facilities with limited financial budgets which can deter some healthcare providers from investing in this system. The high cost can be a barrier to the adoption of this system in middle-income countries which limits access to advanced diagnostic imaging. The stringent regulatory approval process led to delays in market entry compliance with various regulations and led to complexity in the development and commercialization of these devices, hence the stringent regulatory approvals process and the high cost associated with this device majorly hampering the growth of the market.

REPORT COVERAGE:

The Market of Doppler Ultrasound is segmented into Portability, Application, End-User, and regions.

Doppler Ultrasound Market- Based on Portability

• Handheld
• Trolley-based

Based on the portability, the hand-held segment held a 22.7% market share in 2022 and is anticipated to continue to dominate the market during the forecast period. These devices play a crucial role in emergency and critical care situations, also they provide a rapid assessment of blood flow in cases of trauma, or critical condition, also these devices are easily portable hence this device allowing for on-spot assessment and immediate patient care. The rising adoption of digital health services has emerged the demand for handheld Doppler ultrasound devices to enable remote consultation and real-time imaging hence this factor driving the growth of this segment and boosting the market growth.

The trolley-based segment is anticipated to hold a significant market share in the market. The driver driving the growth of these factors are advanced imaging capabilities, and the ability to provide comprehensive diagnostic solutions across various medical specialties, also this system provides specialized imaging modes boosting the growth of this segment.

Doppler Ultrasound Market- Based on Application

• Radiology
• Obstetrics and Gynecology
• Cardiology
• Others

Based on application, the Cardiology segment accounted for 54.44% market share in 2022 and is anticipated to continue to dominate the market at a major market share. Globally around 34.4 million people suffer from the cardiovascular condition. The Doppler ultrasound is a valuable diagnostic tool for assessing the condition such as arterial and venous disease, and peripheral artery disease. The Doppler ultrasound allows the healthcare professional to enable timely intervention and preventive measures, Doppler ultrasound helps to assess regular monitoring and daily follow-up of cardiovascular conditions hence this factor helps in propelling the growth of the segment and fueling the market growth.

Gynecology is another segment anticipated to hold a considerable market share in the global market. The Doppler ultrasound plays a crucial role in gynecology by providing valuable information about the blood flow in the reproductive organs to help in the diagnosis and management of the gynecological condition. It also helps in gynecological disorder assessment, fertility evaluation, and gynecological screening, also technological advancement led to rising the adoption of the Doppler ultrasound in gynecology boosting the growth of this segment and favoring the market growth.

Doppler Ultrasound Market- Based on End-user

• Hospitals
• Clinics
• Ambulatory Settings
• Diagnostic Centers
• Others

Based on End-user, the Hospital segment is anticipated to hold the leading market share in the global market. The emerging implementation of the Doppler ultrasound in different hospitals as well as the rising number of patients visiting for lifestyle-related diseases, also the emerging demand for portable Doppler ultrasound instruments in critical care and OPDs propelling the growth of the market.

The diagnostic center is another segment expected to grow at a healthy CAGR and dominate the market. The rising usage of Doppler ultrasonography due to its adoption, cost-efficiency, and accuracy fuel the growth of the segment and favor the growth of the market.

Doppler Ultrasound Market- Based on Region

• North America
• Latin America
• Europe
• Asia-Pacific
• Middle East and Africa

North America is the leading region in the global Doppler ultrasound market. This region held the largest market revenue of 54.2 % in 2022. The driver driving the growth of the market in this region include the presence of favorable government policies, well-developed healthcare infrastructure, and the presence of prominent key players in the market is fueling the growth of the market in this region. In the US region growing government initiative and funding led to the adoption of the Doppler ultrasound in the hospital and a rise in the demand for such devices. More benefits associated with these devices due to the emerging demand and rising prevalence of chronic conditions further fuel the market growth. The presence of the prominent key player in this region led to continuous advancement in these devices, all factors propelling the growth of the market in this region.

The Asia-Pacific region is expected to show lucrative growth in this region and is anticipated to dominate the market at the fastest CAGR during the projected period. The rising geriatric population and advancements in technology such as the development of the portable Doppler ultrasound fuel the market growth. The rising geriatric population in this region led to more than 50 million people suffering from chronic disorders which majorly demand these devices. China is the largest medical equipment developer and manufacturer of a variety of medical equipment they have a wide range of the Doppler ultrasound product hence this factor favoring the growth of the market in this region.

Europe region is anticipated to grow at a healthy CAGR and hold a significant market share during the projected period. The major factor boosting the growth of the market in this region include growing healthcare expenditure and rising medical imaging procedures. This region has a growing aging population which has various medical conditions including cardiovascular disease. Doppler ultrasound is extensively used to assess vascular health and diagnose related conditions in the elderly population. The rising prevalence of cardiovascular diseases surges more demand for the Doppler ultrasound also Europe has a strong emphasis on non-invasive techniques all factors fueling the growth of the market in this region.

Latin America is another region expected to grow at a significant CAGR during the projected period. Factors such as rising healthcare expenditure, advancement in medical technology, growing geriatric population, and rising prevalence of chronic conditions this all factors fueling the growth of the market.

The Middle East and Africa region is also expected to show lucrative growth and grow at a healthy CAGR in the global Doppler ultrasound market. This region holds a substantial market share during the projected period. Many countries in this region are investing in improving their healthcare infrastructure which creates more opportunities for the adoption of advanced diagnostic technologies. The rising awareness of healthcare in urban areas leads to a surge in the demand for better medical services and technologies, also the growing government initiative and funding, and the rising prevalence of chronic conditions all factor fuel the growth of the market in this region.

KEY MARKET PLAYERS:

The prominent key player in the global Doppler ultrasound market are Toshiba Corporation, Mindray medical international limited, General Electric Company, Hitachi Limited, Samsung electronics, FUJI FILM Holdings Corporation, Koninklijke Philips, Seimens, and Analogic Corporation led the global Doppler ultrasound market.

RECENT MARKET DEVELOPMENTS:

• In November 2022, At the Radiological Society of North America (RSNA), Royal Philips announced the global release of a next-generation tiny portable ultrasound system. The new Compact 5000 Series intends to make high-end cart-based ultrasound equipment' diagnostic capabilities accessible to more people.
• In March 2022, NovaSignal Corp., a company that offers medical technology and data, received a medical device licence from Health Canada for its NovaGuide Intelligent Ultrasound product. NovaGuide is the only autonomous transcranial Doppler ultrasonography that has received Canadian approval.
• In February 2023, Caption Health, Inc., a pioneer in AI healthcare that creates clinical apps to aid in the early diagnosis of diseases, has been acquired by GE HealthCare. The aim of this acquisition is to add AI capabilities from Caption Health to GE's current ultrasound product line.