Bulgaria ultrasound device market revenue is projected to grow at a CAGR of 5.2% during 2023-2029

On the basis of display, the black & white segment accounted for the maximum revenue share in the Bulgaria Ultrasound Device Market – 6Wresearch

The Black & white segment in terms of display dominated the industry share in the year 2022 due to its inexpensiveness, and potential to emit no radiation making it secure for pregnant women. Further, the sector for color ultrasound devices is anticipated to witness significant growth in the future owing to the advantages of color Doppler imaging as it enables guidance of needles to precise locations within the body, which can reduce the risk of complications and increase the success rate of the procedures.

According to 6Wresearch, Bulgaria ultrasound device market revenue is projected to grow at a CAGR of 5.2% during 2023-29. Bulgaria currently has an alarming mortality rate of 15.4 per 1,000 people owing to diseases such as coronary artery disease, heart attacks, and cancer diseases. Bone injuries, spinal problems and skeletal injuries, osteoporosis are common among senior citizens, and the increasing elderly population would lead to a rise in the patient population of chronic diseases and is expected to boost demand for ultrasound devices to detect various disorders in the patient. Bulgarian healthcare is currently facing a number of challenges, including an imbalance in the types of staff leading to a nurse shortage and issues with funding. With 340 hospitals serving a population of 6.5 million, the nation ranks third in the EU for the number of hospital beds, but a staffing deficit is making things difficult, contributing to the mortality rate being at 21.7%, the third highest mortality rate in the EU.

According to Ravi Bhandari, Research Head, 6Wresearch, the radiology/general imaging segment contributed the highest revenue share in 2022 on the back of the images being produced in real-time, enabling radiologists to see the movement of organs and blood flow as well as advances imaging techniques allowing for more accurate as well as detailed imaging of the body.

The Bulgaria Ultrasound Device Market (2023-2029) report provides an in-depth analysis with 20 figures and 6 tables, covered in 74 pages. The report comprehensively covers the market by portability, display, type, and applications. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.