Global Transcranial Doppler Market 2019-2023| Growing Preference for Transcranial Doppler in Detecting Various Cerebrovascular Diseases to Boost Demand| Technavio
LONDON--(BUSINESS WIRE)--Jan 4, 2019-- analysts forecast the global transcranial doppler market to grow at a CAGR of close to 7% during the forecast period, according to their latest market research report. The growth momentum of the market is expected to accelerate in the year-over-year growth.
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Technavio forecasts the global Transcranial doppler market to grow at a CAGR of close to 7% by 2023. (Graphic: Business Wire)
Technological advancement is one of the major trends being witnessed in the . Owning to the growing preference of portable systems, vendors are offering portable, lightweight and ergonomic transcranial dopplers which are an example of technological advancement. The device provides complete diagnostic solutions for a modern neurovascular laboratory by measuring blood flow velocity in the brain and detecting stenosis and emboli. Thus, the availability of such a wide range of transcranial doppler system due to technological advancement is likely to contribute to market growth.
According to Technavio analysts, one of the key factors contributing to the growth of the global transcranial doppler market is the increasing preference for transcranial doppler in detecting various cerebrovascular diseases.
Global transcranial doppler market: Rising preference for transcranial doppler in detecting various cerebrovascular diseases
Transcranial doppler ultrasound is a diagnostic, non-invasive, rapid test that measures the cerebrovascular diseases and function of the brain. The transcranial doppler ultrasound procedure is gaining prominence among end-users as it is relatively low-priced and used to detect a wide range of cerebrovascular diseases indications. Thus, the increasing prevalence of cerebrovascular diseases that can be detected by transcranial doppler ultrasonography drives the growth of the market.
According to a senior analyst at Technavio, “As per a CDC report of 2017, approximately 140,000 Americans succumb to cerebrovascular diseases such as stroke each year. The CDC also states that in every four minutes, one person dies and for every 40 seconds, someone or the other has a stroke in the US. Transcranial doppler ultrasound can effectively detect the risk of stroke and micro emboli, thus increasing its adoption rate.”
Global transcranial doppler market: Segmentation analysis
The global transcranial doppler market research report provides market segmentation by end-user (hospitals, diagnostic laboratories and others) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The Americas held the largest share of the market in 2018, accounting for 42% share. It was followed by EMEA and APAC respectively. The dominance of the Americas can be attributed to the increasing preference for transcranial doppler in detecting various cerebrovascular diseases and growing focus of transcranial doppler in detecting sickle cell disease.
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Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket definition Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
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KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
INDUSTRY KEYWORD: HEALTH MEDICAL DEVICES
SOURCE: Technavio Research
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