The global ultrasound system market is expected to experience significant growth in the coming years.
The New Yorker recently ran an article that discussed how the “handheld ultrasound will replace the stethoscope.” The author explored how technological and clinical advancements are pushing ultrasound systems into new areas and that could impact the use of the ever-present stethoscope. The article pointed out that handheld ultrasounds are small, low-cost, no-radiation, accurate, flexible, point-of-care accessible devices. Furthermore, new advances in training, adoption, telemedicine and AI could make ultrasound a go-to device for a broad range of clinical settings. It even explored the option of having ultrasound in the homes of patients.
Grand View Research reports that the ultrasound market will continue to grow in the 2020s.
“The global ultrasound device market size was valued at $7.9 billion in 2021 and is anticipated to expand at a CAGR of 4.5% from 2022 to 2030,” according to Grand View Research. “The rise in the adoption of ultrasound devices for diagnostic imaging and treatment, coupled with the increasing incidences of chronic and lifestyle-related disorders, is expected to boost the market growth. In addition, the rising demand for minimally invasive surgery and technological advancements in ultrasound imaging technology are some of the key factors driving the market. Ultrasound is considered one of the most valuable diagnostic tools in medical imaging due to the fact that it is fast and less expensive. In addition, it is safer than other imaging technologies as it does not utilize ionizing radiation and magnetic field.”
The global diagnostic ultrasound market value is set to exceed $10 billion by 2030, according to a new research report by Global Market Insights Inc.
Growing birth rates across certain nations such as Russia, Germany, China and India will increase the deployment of novel diagnostic and treatment alternatives in health care. Diagnostic ultrasound devices are used in detecting fetal abnormalities during pregnancy. Since these devices can generate scans that allow medical professionals to provide the appropriate treatment, hospitals and clinics are increasingly adopting diagnostic ultrasound products.
The diagnostic ultrasound market from the 2D technology segment was worth $2.5 billion in 2021. 2D ultrasound scans provide black and white internal images and are commonly used during pregnancy check-ups, to detect cysts, tumors, or polyps in organs and diagnose fetus health. The images made using 2D ultrasound technology are radiation-free and provide a real-time, live view of the pelvis using high-frequency sound waves. With such favorable clinical applications, the use of this diagnostic ultrasound technology will increase significantly over the forthcoming years.
The general imaging segment was valued at more than $2.5 billion in 2021. Diagnostic ultrasound is increasingly used for examining the kidneys, abdomen, gall bladder, liver, pancreas and spleen. Pathbreaking technological advancements in the development of ultrasound systems will also bolster the usage of this technology across a variety of clinical applications, states the report.
The hospital segment accounted for over 49.5% share of the diagnostic ultrasound market in 2021. Hospitals are adopting novel diagnostic technologies such as ultrasound imaging to provide an effective diagnosis for complex diseases. These establishments also serve emergency patients who require urgent scanning to determine a diagnosis. Anesthesiologists use ultrasounds during surgeries to visualize targeted structures such as blood vessels, the heart, lungs and other organs.
The Latin America diagnostic ultrasound market is expected to depict 3% CAGR between 2022-2030. This is due to the growing awareness about early diagnosis in health care organizations such as hospitals. The general population is showing an increasing propensity for routine diagnosis which enables them to avoid future treatment complications. This in turn, will augment the demand for advanced diagnostic systems such as ultrasounds for early diagnosis applications across the Latin American region. •
