Market Size of Global Doppler Ultrasound Systems Industry
Study Period | 2021 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 7.50 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Doppler Ultrasound Systems Market Analysis
The doppler ultrasound systems market is expected to register a CAGR of 7.5% over the forecast period.
The outbreak of the pandemic impacted the doppler ultrasound market. A high rate of thrombotic events was associated with the COVID-19 infection, such as deep vein thrombosis (DVT) and acute pulmonary embolism, which propelled the use of doppler ultrasound during the pandemic. For instance, as per a July 2021 NCBI article, during the pandemic, an increased incidence of asymptomatic DVT (60.87%) was noted. It also mentioned that color doppler ultrasound allowed detection of DVT in asymptomatic patients, but venous doppler ultrasound was accepted as a critical intervention for COVID-19 patients at risk of thrombotic complications, which helped physicians to make decisions. Thus, the market witnessed positive growth during the pandemic and is expected to continue the upward trend over the forecast period.
The rising prevalence of chronic diseases coupled with the aging population, growing healthcare spending in developed nations, an increase in healthcare providers, and healthcare spending on diagnosis are the major drivers for the market. The development of advanced doppler ultrasound diagnostic technologies is another important element fueling market growth. Chronic diseases like cancer, and cardiovascular, gastrointestinal, and kidney ailments are becoming more prevalent throughout the world. For instance, in 2022, the American Cancer Society (ACS) that there would be an estimated 106,180 new cases of colon cancer and 44,850 new cases of rectal cancer in the United States in 2023. Furthermore, according to a 2021 report by the American Cancer Society, the lifetime risk of developing colorectal cancer was about 1 in 23 (4.3%) for men and 1 in 25 (4.0%) for women. Doppler ultrasound is one of the essential requirements for the diagnosis of cancer and this steady increase in the number of cases will propel the demand for doppler ultrasound systems.
In addition, numerous studies are being conducted to determine the diagnostic use of the doppler ultrasound in various disorders. For instance, a team of researchers from Dalian Medical University in China began a study in July 2021 to investigate the diagnostic use of doppler ultrasound in patients with early chronic renal disease. Furthermore, in April 2022, a different team of researchers from the University of British Columbia in Vancouver, Canada, published a research study that states that doppler imaging is frequently used to evaluate transplanted kidneys and is utilized to evaluate renal vascular flow and patency.
The market participants are also concentrating on doppler ultrasound systems and driving market expansion. For instance, in January 2021, EagleView ultrasound launched its wireless portable ultrasound device, which provides accurate ultrasound imaging and is affordable as well. Similarly, Us2.ai, a Singapore-based medtech company supported by Sequoia India and EDBI, gained FDA approval for Us2.v1, a fully automated cardiac ultrasound tool to measure 2D and doppler, in September 2021. It is projected that during the course of the projection period, advances in the doppler ultrasound system will spur market expansion.
However, stringent regulatory policies and the excessive cost of doppler ultrasound systems are expected to hamper the market growth over the forecast period.
Doppler Ultrasound Systems Industry Segmentation
As per the scope of the report, doppler ultrasound systems use high-frequency sound waves to measure the blood flowing through veins and arteries. This system gives colored outputs based on the amount and direction of the blood flow and helps in identifying many diseases. The Doppler ultrasound systems market is segmented by Device Type (Trolly-Based and handheld), Application (Radiology, Obstetrics and Gynecology, Cardiology, and Others), End-User (Hospitals, Diagnostic Centers, and Others), and Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.
By Device Type | |
Trolly-Based | |
Handheld |
By Application | |
Radiology | |
Obstetrics and Gynecology | |
Cardiology | |
Other Applications |
By End-User | |
Hospitals | |
Diagnostic Centers | |
Other End-Users |
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Global Doppler Ultrasound Systems Market Size Summary
The doppler ultrasound systems market is poised for significant growth, driven by the increasing prevalence of chronic diseases and an aging population. The market experienced a positive impact during the COVID-19 pandemic, as the need for thrombotic event detection, such as deep vein thrombosis, surged. This heightened demand for doppler ultrasound systems is expected to continue, supported by advancements in diagnostic technologies and rising healthcare expenditures in developed regions. The market is further bolstered by the growing number of healthcare providers and the critical role of doppler ultrasound in diagnosing conditions like cancer and cardiovascular diseases. Innovations in portable and handheld devices, such as those introduced by GE Healthcare and Royal Philips, are also contributing to market expansion, catering to the need for practical and efficient diagnostic tools.
North America holds a significant share of the doppler ultrasound systems market, fueled by the increasing application of imaging technologies and substantial investments in healthcare infrastructure. The region's market growth is supported by the presence of numerous hospitals and clinics, alongside key product launches and strategic partnerships among major players. The market is moderately consolidated, with leading companies like Koninklijke Philips N.V., General Electric Company, and Siemens Healthcare GmbH focusing on technological advancements to capture market share. Despite challenges such as stringent regulatory policies and high costs, the market is expected to thrive, driven by continuous innovation and the rising demand for advanced diagnostic solutions.
Global Doppler Ultrasound Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Prevalence of Chronic Diseases Coupled with Increasing Aging Population
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1.2.2 Advances in Ultrasound Diagnostic Technologies
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1.2.3 Increasing Healthcare Expenditure in Developed Countries
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1.3 Market Restraints
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1.3.1 High Cost of Doppler Ultrasound Systems
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1.3.2 Stringent Regulatory Procedures
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD Million)
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2.1 By Device Type
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2.1.1 Trolly-Based
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2.1.2 Handheld
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2.2 By Application
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2.2.1 Radiology
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2.2.2 Obstetrics and Gynecology
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2.2.3 Cardiology
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2.2.4 Other Applications
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2.3 By End-User
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2.3.1 Hospitals
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2.3.2 Diagnostic Centers
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2.3.3 Other End-Users
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Mexico
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Italy
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2.4.2.5 Spain
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2.4.2.6 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 China
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2.4.3.2 Japan
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2.4.3.3 India
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2.4.3.4 Australia
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2.4.3.5 South Korea
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2.4.3.6 Rest of Asia-Pacific
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2.4.4 Middle-East and Africa
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2.4.4.1 GCC
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2.4.4.2 South Africa
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2.4.4.3 Rest of Middle-East and Africa
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2.4.5 South America
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2.4.5.1 Brazil
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2.4.5.2 Argentina
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2.4.5.3 Rest of South America
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Global Doppler Ultrasound Systems Market Size FAQs
What is the current Global Doppler Ultrasound Systems Market size?
The Global Doppler Ultrasound Systems Market is projected to register a CAGR of 7.5% during the forecast period (2024-2029)
Who are the key players in Global Doppler Ultrasound Systems Market?
Koninklijke Philips N.V., General Electric Company (GE Healthcare), Siemens Healthcare GmbH, FUJIFILM Corporation (FUJIFILM VisualSonics, Inc.) and ESAOTE SPA are the major companies operating in the Global Doppler Ultrasound Systems Market.