The global 3D vascular ultrasound imaging market is anticipated to grow at a CAGR of 4.8% during the forecast period (2024-2031). The key factor to drive the market growth is the increasing prevalence of cardiovascular diseases as a result of population growth and aging particularly in the regions such as western Asia, Northern Africa, South-eastern Asia, Latin America where the population is expected to double from 2019 to 2050. For instance, the American College of Cardiology Foundation, the prevalence of total CVD nearly doubled from 271 million in 1990 to 523 million in 2019, whereas the number of CVD deaths increased steadily from 12.1 million in 1990 to 18.6 million in 2019. Further, in 2019, CVD was the underlying problem of 9.6 million mortality and 8.9 million female mortality, accounting for roughly one-third of all mortality globally. China had the highest number of CVD deaths, followed by India, Russia, the US, and Indonesia.
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Rising acquisitions, product approval, collaborations among the major players in the market also propel the growth of the market. For instance, in September 2020, GE Healthcare collaborated with Wipro and the Indian Institute of Science (IISC) wherein the collaboration the companies announced the establishment of an advanced innovation and research center on the IISc campus in Bangalore. With deep learning technology, artificial intelligence, and future-ready digital interfaces, the center is offering highly sophisticated diagnostic and medical image-reconstruction techniques and protocols for faster and better imaging. Therefore, This collaborative laboratory will collaborate closely with clinicians as well as Wipro GE Healthcare to incorporate these computational models into clinical workflows to assist doctors in improving patient outcomes.
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Market Coverage
- Segment Covered-
o By Application
o By type
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Carestream Health, Inc., Koninklijke Philips N.V., General Electric Co, Samsung Electronics Co Ltd among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global 3D Vascular Ultrasound Imaging Market Report Segment
By Application
- Fetal Cardiac
- Vascular Imaging
- Obstetrics/Gynecology
- Others (Musculoskeletal, Internal Medicine, Ophthalmology)
By End-User
- Hospitals
- Diagnostic Centers
- Ambulatory Surgery Centers (ASC)
By Components
- Handheld
- Cart/trolly
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