Contrast Enhanced Ultrasound Market Trends

  • Report ID: 5642
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Contrast Enhanced Ultrasound Market Trends

Growth Drivers

  • Advancements in ultrasound technology - One of the most important factors escalating the contrast-enhanced ultrasound market expansion is the constant advancement taking place in ultrasound technology. In addition, breakthroughs in transducer technology, image processing algorithms, and the development of next-generation contrast agents have contributed to improving the CEUS' diagnosis capabilities.

    Technological advances in ultrasound, such as improved transducer technology and image processing algorithms, have contributed to a 25% increase in the diagnostic accuracy of ultrasound images over the last 10 years, according to an article.
  • Growing applications in oncology - The growing application of contrast-enhanced ultrasound in the oncology sector is foreseen to escalate the contrast-enhanced ultrasound market demand further. Contrast-enhanced ultrasound has been beneficial for identifying various types of solid tumors that have played a vital role in the diagnosis of cancer and further treatment procedures.

    Therefore, for the appropriate identification of the stage of cancer and the development of required treatment, real-time tumor recognition is important in the field of oncology.
  • Surge in the demand for non-invasive imaging techniques - The growth of this market can also be propelled by the expanding demand for non-invasive imaging techniques taking place regularly. CEUS has become a significant part of diagnostic imaging as the demand for procedures that mitigate patient discomfort and reduce exposure to ionizing radiation has become notable.

    Furthermore, the growing need for non-invasive imaging techniques can be accounted on the back of the increasing number of benefits it has to offer in comparison with other traditional techniques such as CT scan or MRI.

Challenges

  • Limited reimbursement policies - Reimbursement for CEUS procedures varies across regions and healthcare systems, often leading to uncertainty and financial constraints for both healthcare providers and patients.

    Despite the clinical benefits and growing adoption of CEUS, reimbursement policies for contrast-enhanced ultrasound examinations may not be well-established or adequately aligned with the costs associated with the technology. This discrepancy can deter healthcare facilities from investing in CEUS equipment and hinder patient access to this advanced imaging modality.
     
  • Limited Awareness is predicted to hamper the growth of the market in the forecast period.
  • High cost and availability issues associated with contrasting agents.

Contrast-enhanced Ultrasound Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

5.9%

Base Year Market Size (2024)

USD 1.87 billion

Forecast Year Market Size (2037)

USD 3.94 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Radhika Pawar


  • Report ID: 5642
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of contrast-enhanced ultrasound is estimated at USD 1.96 billion.

The contrast-enhanced ultrasound market size was over USD 1.87 billion in 2024 and is anticipated to cross USD 3.94 billion by 2037, growing at more than 5.9% CAGR during the forecast period i.e., between 2025-2037. The market growth is driven by increase in R&D activities, collaboration, product approvals, and launches.

North America industry is estimated to dominate majority revenue share of 33% by 2037, due to rising technological advancement in medical imaging in the region.

The major players in the market include General Electric Company, Siemens Healthineers, Philips Healthcare, Lantheus Holdings, Inc., Bracco Diagnostic, GE HealthCare, CANON MEDICAL SYSTEMS CORPORATION, Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
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