South Africa Contrast Enhanced Ultrasound Market Size & Outlook
South Africa contrast enhanced ultrasound market, 2018-2030 (US$M)
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South Africa contrast enhanced ultrasound market highlights
- The South Africa contrast enhanced ultrasound market generated a revenue of USD 22.1 million in 2023 and is expected to reach USD 30.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.7% from 2024 to 2030.
- In terms of segment, equipment was the largest revenue generating product in 2023.
- Contrast Agents is the most lucrative product segment registering the fastest growth during the forecast period.
Contrast enhanced ultrasound market data book summary
| Market revenue in 2023 | USD 22.1 million |
| Market revenue in 2030 | USD 30.6 million |
| Growth rate | 4.7% (CAGR from 2023 to 2030) |
| Largest segment | Equipment |
| Fastest growing segment | Contrast Agents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Equipment, Contrast Agents |
| Key market players worldwide | Lantheus Holdings Inc, GE Aerospace, Bracco, Siemens Healthineers AG ADR, Koninklijke Philips NV, Canon Inc, Mindray Medical International |
Other key industry trends
- In terms of revenue, South Africa accounted for 1.0% of the global contrast enhanced ultrasound market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa contrast enhanced ultrasound market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 30.6 million by 2030.
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Contrast Enhanced Ultrasound Market Scope
Contrast Enhanced Ultrasound Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa contrast enhanced ultrasound market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to contrast enhanced ultrasound market will help companies and investors design strategic landscapes.
Equipment was the largest segment with a revenue share of 72.4% in 2023. Horizon Databook has segmented the South Africa contrast enhanced ultrasound market based on equipment, contrast agents covering the revenue growth of each sub-segment from 2018 to 2030.
Growing prevalence of cardiovascular disorders is expected to drive the contrast-enhanced ultrasound market in South Africa. According to a World Heart Federation report, every fifth death in South Africa is due to cardiac problems. Contrast-enhanced imaging is among the first-line diagnostic tool in the assessment of cardiovascular disorders.
Therefore, increasing prevalence of heart diseases is likely to boost the contrast-enhanced ultrasound procedural volume in South Africa. Moreover, existing ultrasound machines are becoming obsolete due to aging or technical problems and will require replacement.
This is expected to allow players to introduce modern ultrasound units integrated with contrast imaging modes requirements, thereby further boosting the demand for ultrasound contrast agents.
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Our clientele includes a mix of contrast enhanced ultrasound market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa contrast enhanced ultrasound market , including forecasts for subscribers. This country databook contains high-level insights into South Africa contrast enhanced ultrasound market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa contrast enhanced ultrasound market size, by product, 2018-2030 (US$M)
South Africa Contrast Enhanced Ultrasound Market Outlook Share, 2023 & 2030 (US$M)
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