Global Contrast Enhanced Ultrasound Market: Overview
The advent of economical contrast agents, contrast imaging modes, and increased volume of ultrasound procedures are becoming an important part of ultrasound systems are all contributing to the expansion of the global contrast enhanced ultrasound market. In addition to that, compared to other technologies, contrast enhanced ultrasound (CEUS) is more patient-friendly, cost-effective, and radiation-free. This is likely to drive demand for contrast enhanced ultrasound in the market. In the battle against COVID-19, the necessity of using CEUS technology into point-of-care (PoC) diagnostics has been a significant learning.
The global contrast enhanced ultrasound market is expected to benefit from the rising prevalence of complicated comorbidities and long-term illnesses. In addition to that, technological improvements in contrast-enhanced ultrasound imaging, and private and government sector investments are likely to augur well for the market in the years to come. The number of diagnostic imaging tests has increased as the frequency of complicated comorbidities and chronic illnesses has increased. Ultrasound imaging, which uses gas-filled microbubbles to improve the view the organs and blood arteries, is a common diagnostic tool for these conditions. The importance of these tests in determining the necessity for treatment/surgery during perioperative scans and interventional procedures prior to operations is expected to increase the use of contrast media in imaging techniques.
Transparency Market Research offers a comprehensive understanding of the global Contrast Enhanced Ultrasound market through this report. It offers well-researched data on various facets of the market to offer valuable business input for profit generation.
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Global Contrast Enhanced Ultrasound Market: Notable Developments
Siemens Healthineers introduced the Acuson Sequoia ultrasound system in June 2018, which offers high-resolution imaging that adapts to individuals' personal traits for improved diagnosis. This was done in order to increase treatment choices and acquire a competitive edge.
The noted players that are operational in the global contrast enhanced ultrasound market are BK Medical Holding Company, Inc, Siemens Healthineers AG, Bracco Diagnostic Inc., Trivitron Healthcare, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., and nanoPET Pharma GmbH.
Global Contrast Enhanced Ultrasound Market: Key Trends
Below-mentioned market trends and opportunities mark the global contrast enhanced ultrasound market:
Rise in the Number of Patients Suffering from Chronic Diseases to Support Market Growth
The increasing volume of diagnostic processes, which stems from the expanding number of patients suffering from chronic illnesses, is a major driver for the expansion of the global Contrast Enhanced Ultrasound market. Cancer is the second-leading cause of mortality across the globe, according to the WHO (World Health Organization), with an estimated 9.6 Mn fatalities in 2018. These illnesses are avoidable and, if detected early enough, can save lives of many of the patients.
The future of the global contrast-enhanced ultrasound market is likely to be filled with a slew of technical developments. The contrast-enhanced ultrasound market is expected to benefit from a wide range of pipeline medicines that have a high chance of being approved in clinical studies in the future. However, the high cost of contrast-enhanced ultrasound equipment and the scarcity of helium may cause the industry to shrink dramatically.
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Global Contrast Enhanced Ultrasound Market: Geographical Analysis
Because of the growing incidence of lifestyle-related chronic illnesses and the widespread use of ultrasonography in general diagnostics, North America is likely to dominate the market and is projected to do so for a few more years. Additionally, the market in the area is expected to be driven by a strong demand for technologically sophisticated medical equipment.
Because of the rapidly expanding elderly population and better healthcare facilities for disease treatment, Asia Pacific is expected to develop considerably in the future years. Medical tourism is projected to grow in Asia Pacific nations, which would help to expand the region's market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.