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Diagnostic Ultrasound Market size crossed USD 7 billion in 2022 and is poised to depict over 4% CAGR through 2023-2032, given the high prevalence of chronic diseases such as breast cancer.
Diagnostic ultrasound is considered a safe imaging procedure for the precise detection of a range of health conditions. With the growing burden of chronic diseases including cancer, the requirement for medical imaging techniques will grow. Based on the National Cancer Institute, in 2021, over 284,200 new breast cancer cases were reported in the U.S., boosting the demand for diagnostic breast ultrasound tests.
The reliance on ultrasound procedures for varied healthcare applications has been increasing steadily in developing economies. Considering their small size and reliability, ultrasound machines have also gained higher acceptance globally. However, the lack of skilled technicians and the resultant surge in patients’ waiting time may limit product acceptance. Furthermore, the high cost associated with machine maintenance and the dearth of technical support may hinder industry growth to some extent.
Report Attribute | Details |
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Base Year: | 2022 |
Diagnostic Ultrasound Market Size in 2022: | USD 7 Billion |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 4% |
2032 Value Projection: | USD 11 Billion |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 220 |
Tables, Charts & Figures: | 370 |
Segments covered: | Technology, Portability, Application, End-use and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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