The global transcranial doppler ultrasounds system market is likely to reach a revenue of about USD 646.1 million by 2033, up from USD 316.8 million in 2023 moving forward with a CAGR of 7.4% during the forecast period.
The demand for transcranial doppler ultrasounds system is on a rising trajectory as they are widely adopted in imaging diagnosis of stenosis, vasospasm, and emboli caused due to subarachnoid hemorrhage.
The demand is further boosted by its application in recognition of arteriovenous malformations, cerebral circulatory arrest, sickle cell disorders, ischemic cerebrovascular disorder, subarachnoid hemorrhage, perioperative monitoring, and meningeal infection.
Transcranial doppler ultrasounds system are non-invasive technology for evaluating blood current velocity in basal intracranial arteries and the high demand for non-invasive surgeries results in higher adoption of transcranial doppler ultrasounds system.
Attributes | Details |
---|---|
Transcranial Doppler Ultrasounds System Market Share (2022) | USD 299.2 million |
Transcranial Doppler Ultrasounds System Market Share (2023) | USD 316.8 million |
Transcranial Doppler Ultrasounds System Market Share (2033) | USD 646.1 million |
Transcranial Doppler Ultrasounds System Market Share (2023 to 2033) | 7.4% |
Since its introduction, various technological advancement has been witnessed in the transcranial doppler ultrasounds system for bordering its application range, opening up a wide array of transcranial doppler ultrasound system market opportunities. Moreover, these systems are also used in point-of-care services for real-time monitoring and can boost the market growth of transcranial doppler ultrasound systems.
The market is expected to be further enhanced by the rising demand for these systems for use in cases of pregnancy and for assessing cardiovascular disorders.
The government's investments in the healthcare industry are expected to boost the transcranial doppler ultrasounds system market growth by supplying better healthcare facilities for diagnosis and treatment.
The market is facilitated by the government spending more money to spread the word and raise people's awareness of the many diseases and conditions. The market is also predicted to be driven by the potential for using them in combination with other systems, such as MRI, MRA, and CT scans.
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The growth of the global transcranial doppler ultrasounds system market is generally fuelled by the rising prevalence and incidence rate of hemorrhage, and other disorders such as sickle cell disorders, cerebral circulatory arrest, and others.
Other factors such as the adoption of technologically advanced products on the global level are also soaring the adoption of transcranial doppler ultrasounds systems across the globe. However, the high cost of products and low availability of skilled personnel are the major hurdles in the market growth of transcranial doppler ultrasounds system.
In addition to that, transcranial doppler ultrasounds system are insufficient in providing precise results due to the relative velocity of blood flow, leading to a sluggish demand for transcranial doppler ultrasounds system.
The North American transcranial doppler ultrasounds system market is projected to get hold of a share of 36.7% in 2023. A growing healthcare industry and a high prevalence of cardiovascular disease in North America are expected to make the region the market leader for transcranial doppler ultrasound systems.
It is projected that the transcranial doppler ultrasounds system adoption trends are anticipated to be improved by the region's large geriatric population, which needs ongoing diagnostics.
Due to the availability of advanced medical facilities and rising acceptance in hospitals and diagnostic imaging clinics, the market in Europe is also expanding with an anticipated transcranial doppler ultrasounds system market share of 31.3% in 2023.
They are additionally used for point-of-care monitoring, which may have an impact on the market for transcranial doppler ultrasound systems in the region.
The market is further supported by the population's growing awareness of cardiovascular and cerebrovascular diseases, which are common in the area as a result of lifestyle and dietary choices.
Business models vary throughout time, sometimes as a consequence of changes in the market and other times as a result of the introduction of new technology, which leads to the formation of fresh, intriguing trends.
And these transcranial doppler ultrasounds system market trends are elicited by emerging start-ups worldwide.
Example:
Robotically assisted transcranial doppler (TCD) technology is being used by Los Angeles-based start-up Neural Analytics Inc. to detect blood clots and interruptions in brain blood flow in real-time.
Neural Analytics' Neuralbot robotic assistance technology received USA FDA and CE mark approval in 2018, opening up more applications for the Lucid Doppler ultrasound system.
The autonomous system employs robotics, cloud computing, and artificial intelligence (AI) to noninvasively analyze blood flow and coagulation.
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As per the transcranial doppler ultrasounds system market study by FMI, the market is moderately competitive, where both domestic and foreign businesses can be found.
The market players are involved in various organic and inorganic strategies including mergers & acquisitions, partnerships, collaboration, and product launches, thereby consolidating their market position.
Recent Developments Observed by FMI:
Key Players in the Global Market:
Attributes | Details |
---|---|
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | USD Million for Value |
Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa (MEA) |
Key Countries Covered | United States, Canada, Germany, United Kingdom, Nordic, Russia, BENELUX, Poland, France, Spain, Italy, Czech Republic, Hungary, Rest of EMEAI, Brazil, Peru, Argentina, Mexico, South Africa, Northern Africa, GCC Countries, China, Japan, South Korea, India, ASEAN, Thailand, Malaysia, Indonesia, Australia, New Zealand, Others |
Key Segments Covered | Product Type, Component Type, Modality Type, End-user, Region |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Trend Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
The market is valued at USD 316.8 million in 2023.
Elica, DX-Systems, and Rimed are key market players.
Wearable segment is likely to remain preferred through 2033.
Players opt for mergers, collaborations, new launches and acquisitions.
The United States, the United Kingdom and China dominate the global market.
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