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Ultrasound Devices Market Overview Analysis By Portability, By Display, By
Application, By Technology, By End-user Forecast till 2030. Ultrasound Devices Market Size was valued at USD 10.8 billion in
2022. The ultrasound devices market industry is projected to grow from USD 11.2
Billion in 2023 to USD 14.2 billion by 2030, exhibiting a compound annual
growth rate (CAGR) of 4.10% during the forecast period (2023 - 2030).The report
elaborates on the major drivers and restraints for the global ultrasound
devices market in detail by analyzing their impact on the market’s trajectory
over the forecast period.
The growing
demand for ultrasound devices for diagnostic purposes is likely to be the major
driver for the global ultrasound devices market over the forecast period.
Ultrasound devices work by sending out high-frequency sound waves that provide
a picture of the targeted area based on the response of various bodily tissues
to the sound waves. Since different tissues react differently to the same sound
waves, the technique has become popular in the healthcare sector. The lack of
invasion in the use of ultrasound equipment manufacturers has also become a key
plus point for the market due to the growing obsession with minimally invasive
and noninvasive medical procedures. Therapeutic applications of ultrasound
include targeting a specific patch of tissue for stimulation or removal by bombarding
it with high-frequency sound waves. This application is also likely to remain a
key factor for the global ultrasound devices market’s growth over the forecast
period.
Competitive Analysis:
Leading players
in the global ultrasound devices market include Siemens AG, GE, Hitachi Ltd.,
Shimadzu Corporation, Analogic Corporation, Mindray Medical International Ltd.,
Toshiba Corporation, Samsung Electronics Co. Ltd., and Koninklijke Philips NV.
Regional Analysis:
The Americas is
likely to be the major regional for ultrasound
devices market research report over the forecast period due to the
widespread adoption of advanced ultrasound technology in the region and the
growing demand for advanced diagnostic modalities and devices. Europe is also
likely to remain a major regional market for ultrasound devices over the
forecast period due to the growing healthcare expenditure in the region. Asia
Pacific is expected to exhibit the fastest growth over the forecast period due
to the growing demand for advanced medical facilities and devices and the
increasing investment in hospitals and medical technology.
Segmentation
Analysis:
By display, color devices accounted for a
largest market share in 2017 compared to its counterpart, black/white
ultrasound devices. The former can touch a size of USD 7,509.12 million by
2026, while the latter is likely to show prominent growth by the end of the
forecast period.
By application, radiology/general imaging is
likely to register highest CAGR during the assessment and likely to dominate
the market by 2026. It accounted for the largest market share in 2017 due to
its vast medical applications. The rising geriatric populace and incidence of
various cancers can spur the segment growth. On the other hand, cardiology is also showing significant growth by 2026.
By technology, diagnostic accounted for the
largest market share in 2017 due to the use of 2D ultrasound in women’s health.
It is likely to show CAGR over the assessment period and hold significant
market share by 2026 due to the continuous advances in imaging and
reimbursement schemes for these procedures. On the flip side, therapeutic
ultrasound is expected to hold second position by 2026.
About US:
Market Research
Future (MRFR), enable customers to unravel the complexity of various industries
through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research &
Consulting Services.
The global ultrasound
devices market share is expected to exhibit a strong 8.1% CAGR over the
forecast period, rising to a valuation of USD 10.37 billion by 2023, according
to a new report from Market Research Future (MRFR). The report elaborates on
the major drivers and restraints for the global ultrasound devices market in
detail by analyzing their impact on the market’s trajectory over the forecast
period.
The growing
demand for ultrasound devices for diagnostic purposes is likely to be the major
driver for the global ultrasound devices market over the forecast period.
Ultrasound devices work by sending out high-frequency sound waves that provide
a picture of the targeted area based on the response of various bodily tissues
to the sound waves. Since different tissues react differently to the same sound
waves, the technique has become popular in the healthcare sector. The lack of
invasion in the use of ultrasound equipment manufacturers has also become a key
plus point for the market due to the growing obsession with minimally invasive
and noninvasive medical procedures. Therapeutic applications of ultrasound
include targeting a specific patch of tissue for stimulation or removal by
bombarding it with high-frequency sound waves. This application is also likely
to remain a key factor for the global ultrasound devices market’s growth over
the forecast period.
The growing
demand for more advanced ultrasound devices in the gynecology sector is likely
to be a major driver for the global ultrasound devices market over the forecast
period. The development of 3D and 4D ultrasound imaging has allowed for the
diagnosis of congenital defects clearly and earlier in the pregnancy, which has
made the procedures widely popular in the healthcare sector around the world.
4D imaging also allows live action viewing of the fetus, which allows
physicians to detect more abnormalities. This is likely to be a major driver
for the global ultrasound devices market over the forecast period.
Competitive Analysis:
Leading players
in the global ultrasound devices market include Siemens AG, GE, Hitachi Ltd.,
Shimadzu Corporation, Analogic Corporation, Mindray Medical International Ltd.,
Toshiba Corporation, Samsung Electronics Co. Ltd., and Koninklijke Philips NV.
Segmentation
Analysis:
By portability, cart/trolley-based devices
accounted for the largest market share in 2017 due to its utilization in acute
and emergency care settings. The segment is likely to register strong CAGR
during the forecast period expected to hold significant market share during the
forecast period. Handheld/compact ultrasound devices accounted for the second
largest share due to the rising adoption of these by healthcare professionals.
By display, color devices accounted for a
largest market share in 2017 compared to its counterpart, black/white
ultrasound devices. The former can touch a size of USD 7,509.12 million by
2026, while the latter is likely to show prominent growth by the end of the
forecast period.
By application, radiology/general imaging is
likely to register highest CAGR during the assessment and likely to dominate
the market by 2026. It accounted for the largest market share in 2017 due to
its vast medical applications. The rising geriatric populace and incidence of
various cancers can spur the segment growth. On the other hand, cardiology is
also showing significant growth by 2026.
By technology, diagnostic accounted for the
largest market share in 2017 due to the use of 2D ultrasound in women’s health.
It is likely to show CAGR over the assessment period and hold significant
market share by 2026 due to the continuous advances in imaging and
reimbursement schemes for these procedures. On the flip side, therapeutic
ultrasound is expected to hold second position by 2026.
By end-user, hospitals and diagnostic &
surgical centers dominated the ultrasound devices market in 2017 due to
emergence of various hospital chains and rising number of minimally invasive
diagnostic procedures by doctors. The segment can grow with strong CAGR and
expected to hold first position in the market. Ambulatory care centers can
exhibit the highest CAGR of 3.61% during the forecast period thanks to the
facilities providing same-day care diagnostic and surgical procedures.
Regional Analysis:
The Americas is
likely to be the major regional market for ultrasound devices over the forecast
period due to the widespread adoption of advanced ultrasound technology in the
region and the growing demand for advanced diagnostic modalities and devices.
Europe is also likely to remain a major regional market for ultrasound devices
over the forecast period due to the growing healthcare expenditure in the
region. Asia Pacific is expected to exhibit the fastest growth over the
forecast period due to the growing demand for advanced medical facilities and
devices and the increasing investment in hospitals and medical technology.
About US:
Market Research
Future (MRFR), enable customers to unravel the complexity of various industries
through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Services.
The growing demand for ultrasound devices for diagnostic purposes is likely to be the major driver for the global ultrasound devices market over the forecast period. Ultrasound devices work by sending out high-frequency sound waves that provide a picture of the targeted area based on the response of various bodily tissues to the sound waves. Since different tissues react differently to the same sound waves, the technique has become popular in the healthcare sector. The lack of invasion in the use of ultrasound equipment manufacturers has also become a key plus point for the market due to the growing obsession with minimally invasive and noninvasive medical procedures. Therapeutic applications of ultrasound include targeting a specific patch of tissue for stimulation or removal by bombarding it with high-frequency sound waves. This application is also likely to remain a key factor for the global ultrasound devices market’s growth over the forecast period.
The growing demand for more advanced ultrasound devices in the gynecology sector is likely to be a major driver for the global ultrasound devices market over the forecast period. The development of 3D and 4D ultrasound imaging has allowed for the diagnosis of congenital defects clearly and earlier in the pregnancy, which has made the procedures widely popular in the healthcare sector around the world. 4D imaging also allows live action viewing of the fetus, which allows physicians to detect more abnormalities. This is likely to be a major driver for the global ultrasound devices market over the forecast period.
Competitive Analysis:
Leading players in the global ultrasound devices market include Siemens AG, GE, Hitachi Ltd., Shimadzu Corporation, Analogic Corporation, Mindray Medical International Ltd., Toshiba Corporation, Samsung Electronics Co. Ltd., and Koninklijke Philips NV.
Leading players in the global ultrasound devices market are likely to focus on bringing about steady technological innovation and updation in their products in the coming years, as developing more modern products has become a key selling point in the industry. The rising threat of web-based intrusions is also likely to make companies focus more on technological updation. In March 2019, security specialist Check Point Software Technologies said in a report that ultrasound devices running on older operating systems such as Windows 2000 were virtually defenseless against modern hackers, which could result in the hackers gaining access to confidential hospital information and making exorbitant ransom demands on the hospital. Eliminating this threat is likely to be top of the agenda for the leading players in the global ultrasound devices market over the forecast period.
Regional Analysis:
The Americas is likely to be the major regional market for ultrasound devices over the forecast period due to the widespread adoption of advanced ultrasound technology in the region and the growing demand for advanced diagnostic modalities and devices. Europe is also likely to remain a major regional market for ultrasound devices over the forecast period due to the growing healthcare expenditure in the region. Asia Pacific is expected to exhibit the fastest growth over the forecast period due to the growing demand for advanced medical facilities and devices and the increasing investment in hospitals and medical technology.
Segmentation Analysis:
By portability, cart/trolley-based devices accounted for the largest market share in 2017 due to its utilization in acute and emergency care settings. The segment is likely to register strong CAGR during the forecast period expected to hold significant market share during the forecast period. Handheld/compact ultrasound devices accounted for the second largest share due to the rising adoption of these by healthcare professionals.
By display, color devices accounted for a largest market share in 2017 compared to its counterpart, black/white ultrasound devices. The former can touch a size of USD 7,509.12 million by 2026, while the latter is likely to show prominent growth by the end of the forecast period.
By application, radiology/general imaging is likely to register highest CAGR during the assessment and likely to dominate the market by 2026. It accounted for the largest market share in 2017 due to its vast medical applications. The rising geriatric populace and incidence of various cancers can spur the segment growth. On the other hand, cardiology is also showing significant growth by 2026.
By technology, diagnostic accounted for the largest market share in 2017 due to the use of 2D ultrasound in women’s health. It is likely to show CAGR over the assessment period and hold significant market share by 2026 due to the continuous advances in imaging and reimbursement schemes for these procedures. On the flip side, therapeutic ultrasound is expected to hold second position by 2026.
By end-user, hospitals and diagnostic & surgical centers dominated the ultrasound devices market in 2017 due to emergence of various hospital chains and rising number of minimally invasive diagnostic procedures by doctors. The segment can grow with strong CAGR and expected to hold first position in the market. Ambulatory care centers can exhibit the highest CAGR of 3.61% during the forecast period thanks to the facilities providing same-day care diagnostic and surgical procedures.
Contact us:
Market Research Future (part of Wantstats Research and Media Private Limited),
99 Hudson Street,5Th Floor, New York,
New York 10013,
United States of America
The global ultrasound devices market is expected to exhibit a strong 8.1% CAGR over the forecast period, rising to a valuation of USD 10.37 billion by 2023, according to a new report from Market Research Future (MRFR). The report elaborates on the major drivers and restraints for the global ultrasound devices market in detail by analyzing their impact on the market’s trajectory over the forecast period.
The growing demand for ultrasound devices for diagnostic purposes is likely to be the major driver for the global ultrasound devices market over the forecast period. Ultrasound devices work by sending out high-frequency sound waves that provide a picture of the targeted area based on the response of various bodily tissues to the sound waves. Since different tissues react differently to the same sound waves, the technique has become popular in the healthcare sector. The lack of invasion in the use of ultrasound devices has also become a key plus point for the market due to the growing obsession with minimally invasive and noninvasive medical procedures. Therapeutic applications of ultrasound include targeting a specific patch of tissue for stimulation or removal by bombarding it with high-frequency sound waves. This application is also likely to remain a key factor for the global ultrasound devices market’s growth over the forecast period.
Get Sample Report @ https://www.marketresearchfuture.com/sample_request/2789
The growing demand for more advanced ultrasound devices in the gynecology sector is likely to be a major driver for the global ultrasound devices market over the forecast period. The development of 3D and 4D ultrasound imaging has allowed for the diagnosis of congenital defects clearly and earlier in the pregnancy, which has made the procedures widely popular in the healthcare sector around the world. 4D imaging also allows live action viewing of the fetus, which allows physicians to detect more abnormalities. This is likely to be a major driver for the global ultrasound devices market over the forecast period.
Competitive Analysis:
Leading players in the global ultrasound devices market include Siemens AG, GE, Hitachi Ltd., Shimadzu Corporation, Analogic Corporation, Mindray Medical International Ltd., Toshiba Corporation, Samsung Electronics Co. Ltd., and Koninklijke Philips NV.
Leading players in the global ultrasound devices market are likely to focus on bringing about steady technological innovation and updation in their products in the coming years, as developing more modern products has become a key selling point in the industry. The rising threat of web-based intrusions is also likely to make companies focus more on technological updation. In March 2019, security specialist Check Point Software Technologies said in a report that ultrasound devices running on older operating systems such as Windows 2000 were virtually defenseless against modern hackers, which could result in the hackers gaining access to confidential hospital information and making exorbitant ransom demands on the hospital. Eliminating this threat is likely to be top of the agenda for the leading players in the global ultrasound devices market over the forecast period.
Segmentation Analysis:
By portability, cart/trolley-based devices accounted for the largest market share in 2017 due to its utilization in acute and emergency care settings. The segment is likely to register strong CAGR during the forecast period expected to hold significant market share during the forecast period. Handheld/compact ultrasound devices accounted for the second largest share due to the rising adoption of these by healthcare professionals.
By display, color devices accounted for a largest market share in 2017 compared to its counterpart, black/white ultrasound devices. The former can touch a size of USD 7,509.12 million by 2026, while the latter is likely to show prominent growth by the end of the forecast period.
By application, radiology/general imaging is likely to register highest CAGR during the assessment and likely to dominate the market by 2026. It accounted for the largest market share in 2017 due to its vast medical applications. The rising geriatric populace and incidence of various cancers can spur the segment growth. On the other hand, cardiology is also showing significant growth by 2026.
By technology, diagnostic accounted for the largest market share in 2017 due to the use of 2D ultrasound in women’s health. It is likely to show CAGR over the assessment period and hold significant market share by 2026 due to the continuous advances in imaging and reimbursement schemes for these procedures. On the flip side, therapeutic ultrasound is expected to hold second position by 2026.
By end-user, hospitals and diagnostic & surgical centers dominated the ultrasound devices market in 2017 due to emergence of various hospital chains and rising number of minimally invasive diagnostic procedures by doctors. The segment can grow with strong CAGR and expected to hold first position in the market. Ambulatory care centers can exhibit the highest CAGR of 3.61% during the forecast period thanks to the facilities providing same-day care diagnostic and surgical procedures.
Regional Analysis:
The Americas is likely to be the major regional market for ultrasound devices over the forecast period due to the widespread adoption of advanced ultrasound technology in the region and the growing demand for advanced diagnostic modalities and devices. Europe is also likely to remain a major regional market for ultrasound devices over the forecast period due to the growing healthcare expenditure in the region. Asia Pacific is expected to exhibit the fastest growth over the forecast period due to the growing demand for advanced medical facilities and devices and the increasing investment in hospitals and medical technology.
Browse Complete Report Details @ https://www.marketresearchfuture.com/reports/ultrasound-devices-market-2789
About US:
Market Research Future (MRFR), enable customers to unravel the complexity of various industries through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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New York 10013,
United States of America
Market Scope
Market Research Future (MRFR) confirms that
the Ultrasound Devices Marketwill reach USD 9,208.76 Million
by 2027-end, while soaring at an incredible rate from 2020 to 2027.
Growth Boosters and Challenges
Mounting preference for minimally invasive
therapeutic and diagnostic devices has acted in favor of the ultrasound devices
market in recent years. The surging use of ultrasound method for treating kidney
stones and prostate cancer has also rendered the market highly lucrative. Besides,
ultrasound screening is deemed to be the basic necessity for accurate fetal
screening worldwide, and therefore, the escalating birth rate along with the
surge in in-vitro fertilization treatment rate has raised the demand for these devices.
Ultrasound technique and devices are
increasingly being used for numerous therapeutic procedures supported by Extracorporeal
Shockwave Lithotripsy (ESWL) and High Intensity Focused Ultrasound (HIFU)
technology. This will help facilitate the growth of therapeutic ultrasound
devices market. Moreover, frequent trials and researches to explore new
applications of ultrasound for treatment of disorders like uterine fibroid and breast
fibroadenoma will augment the use of these devices instead of the chemical and invasive
methods generally used in healthcare.
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Major Players:
Fukuda Denshi (Japan), Samsung Electronics
Co. Ltd. (South Korea), Analogic Corporation (U.S.), Hitachi Ltd. (Japan), Koninklijke
Philips N.V. (The Netherlands), Fujifilm Holdings Corporation, (Japan), Canon
Medical Systems Corporation (Japan), Shantou Institute of Ultrasonic
Instruments Co. Ltd. (China), Esaote Spa (Italy), Siemens Healthineers
(Germany), Trivitron Healthcare (India), Shenzhen Mindray Bio-Medical
Electronics Co. Ltd. (China), General Electric Company (U.S.), are the
strongest contenders in the global industry for ultrasound devices.
Most of the players allocate large-scale
budgets for research and development activities to focus on product innovation
as well as new launches to foster brand awareness. A few other strategies
employed by them are FDA approvals, joint ventures, acquisitions, expansions,
and collaborations, to name a few.
Market Segmentation
End-user, application, technology, portability,
and display are the major segments outlined in the MRFR study, in order to
present a detailed understanding of the global industry for ultrasound devices.
Ambulatory centres, diagnostics and
surgical centers, hospitals and others are the top end-users highlighted in the
report. Hospitals along with diagnostics & surgical centers form the
leading segments in the market and can capture a CAGR of 3.21% over the
analysis period.
Applications of ultrasound devices are obstetrics/gynecology,
radiology/general imaging and more.
Technologies covered in the MRFR market
study include therapeutic and diagnostic.
Portability-wise, the key segments are handheld/compact
and cart/trolley.
The display types considered in the MRFR
report are black and white as well as color.
Regional Analysis
The key regions where the ultrasound
devices industry will witness growth at varying rates include Europe, America, MEA
or Middle East and Africa and Asia Pacific or APAC.
Europe is all set to be the market leader
in the next few years and is presumed to touch USD 3,308.54 million by 2027. High
healthcare spending along escalating cases of chronic disorders, especially
among the growing elderly population will foster the market growth in the
region.
North America is on track to secure the
second highest position in the global market, thanks to the rapidly growing
cases of chronic ailments and the consistently expanding geriatric patient
base. The demand for ultrasound devices is also soaring, given the extensive
pool of established manufacturers, especially in the United States. These
players are actively seeking ways to uplift their market rankings and as a
result, are indulging in fierce competition. This could in turn, be favorable
for the regional market in the years to follow.
APAC should continue to soar at a fast pace
in the following years, in view of the mounting focus on upgradation of healthcare
infrastructure. The APAC market, as per MRFR, is likely to capture a CAGR of
3.76% by the year 2027, backed by the surging burden of chronic disorders.
India, Japan and China are the leading contributors in the APAC market growth. The
region is also witnessing increase in healthcare spending along with players
constantly working on bolstering their consumer reach, which will further
substantiate the market position in the years ahead. Government efforts and
huge investments in advanced devices will also favor the regional market in the
ensuing period.
To cite a reference, in May 2021, ALPINION
MEDICAL SYSTEMS Co. Ltd, a renowned ultrasound firm, has launched X-CUBE 90, an
advanced ultrasound diagnostic machine that offers a highly detailed image along
with an efficient user interface. Additionally, the machine is based on X+ FIT,
which is a hardware technology that boosts the data transmission rate, data
processing speed and data transmission speed by 14 times as compared to other products.
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About US:
Market Research
Future (MRFR), enable customers to unravel the complexity of various industries
through Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw
Research Reports (3R), Continuous-Feed Research (CFR), and Market Research
& Consulting Services.
Contact us:
Market Research
Future (part of Wantstats Research and Media Private Limited),
99 Hudson
Street,5Th Floor, New York,
New York 10013,
United States of
America
