The transcranial Doppler ultrasound market is expected to register a CAGR of 6% during the forecast period. This is attributing to technological innovation, coupled with high investment in health care and an increasing rate of diseases that required ultrasound to be done.
- Moreover, increasing neurological disorders and a large number of applications associated with this system have been making it possible to use it for over large range.
- Technological advancements, such as the use of greyscale, spectral Doppler, and color doppler flow imaging, directly visualize intracranial vessels, thus, simplifying flow velocity measurements and enhancing the accuracy for vasospasm detection.
However, the absence of an acoustic window, coupled with low spatial resolutions, may hinder the market growth to a certain extent.
Key Market Trends
Applications of Transcranial Doppler Ultrasound System in Sickle cell diseases are expected to witness a healthy growth in future
The population affected with sickle cell diseases is more likely to use this system for ultrasound. This disease is a hereditary blood disorder characterized by abnormal, rigid, sickle-shaped red blood cells caused due to mutations. As per the National Institute of Health (NIH), sickle cell diseases are the most common inherited disorders in the United States, affecting more than 70,000 Americans, thereby, leading to the adoption of transcranial doppler ultrasound by the targeted patient pool for identifying the diseases. This high demand for transcranial Doppler ultrasound system for screening purposes in the targeted population may lead to driving the market.
In addition, with an increasing number of neurological disorders worldwide, there may be an increase in the adoption of this system for evaluating cerebral hemodynamics and diagnose cerebrovascular disorders, and thus, results promote the growth of the overall market.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to hold a major market share in the global transcranial doppler ultrasound system market due to rising incidences of neurological disorders and increasing geriatric population, as these populations need a constant diagnosis to be done. Moreover, high healthcare infrastructure, with an increasing rate of cardiovascular diseases, may also boost revenue growth in this region.
The market studied is moderately competitive, and there are several international as well as local companies in the market. Some of the companies that have been currently dominating the transcranial Doppler ultrasound system markets market are Neural Analytics, Viasonix, Rimed, B. Braun Melsungen AG, Konica Minolta Healthcare India Pvt. Ltd, and Spencer Technologies.
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