Press release
What's Driving the growth of Diagnostic Ultrasound Market| Key Players: GE Healthcare, Mindray, Esaote, Analogic, Hitachi Medical Systems Europe
Diagnostic Ultrasound Market
Evolution in medical diagnostic devices has led to development of innovative and advanced ultrasound devices. Rapid advances in microelectronics and sensors coupled with integration of new applications have paved the way for evolution of diagnostic ultrasound systems. Diagnostic ultrasound devices are witnessing a transition from cart based, single use systems to highly portable, multi-use and versatile systems thereby, improving image quality over the years. Advancements in ultrasound techniques such as development of 3D doppler will augment the business growth. However, lack of skilled healthcare professionals may restrain diagnostic ultrasound industry growth during the forthcoming years.
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3D and 4D segment was valued at USD 1.8 billion in 2018 and is expected to have considerable revenue size during the forecast timeframe. Rising prevalence of breast cancer will favor segmental growth due to extensive use of 3D ultrasound in breast cancer diagnosis. Moreover, short duration diagnosis and large data storage capabilities will foster the 4D diagnostic ultrasound business growth. Focus of industry players on development of innovative imaging techniques to provide accurate diagnosis will further augment the industry size.
Compact/handheld segment will experience 5.0% CAGR during analysis period. Compact ultrasound devices are lighter in weight and smaller in size than the conventional trolley ultrasound systems. Use of compact ultrasounds to provide point of care treatment to patients will surge its adoption over the forthcoming years. Moreover, comparatively lower costs associated with these devices, due to elimination of the huge setup, will further drive the segmental growth.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Telemed Providers
• SIUI NDT
• Shenzhen Landwind Industry Co. Ltd.
• VINNO Spain FUKUDA DENSHI USA Inc
• Sunway Medical Centre
• GE Healthcare
• Mindray
• Esaote
• Analogic
• Toshiba Medical Research Institute USA, Inc. (TMRU)
• Hitachi Medical Systems Europe
• CHISON Ultrasound Manufacturer
Cardiology segment was valued at USD 1.1 billion in 2018 and will show considerable growth during the analysis timeframe. Rising prevalence of cardiovascular diseases in developed as well as developing countries will surge the demand for diagnostic ultrasound devices. Increasing adoption of 3D ultrasound imaging to evaluate cardiac morphology coupled with several technical advances in 3D ultrasound imaging at high temporal resolution will boost the industry size.
North America diagnostic ultrasound market accounted for more than 1.5 billion revenue in 2018 and is expected to grow exponentially over forecast timeframe. High adoption of unhealthy diet, hypertension and obesity has escalated prevalence of chronic diseases in the region. Obesity is one of the major risk factor for chronic diseases such as CVD, diabetes and cancer. Rising prevalence of obesity and associated diseases will thus drive the regional business growth.
Diagnostic Ultrasound Market, By Technology (USD Million)
1 2D
2 3D and 4D
3 Doppler
Diagnostic Ultrasound Market, By Portability (USD million)
1 Trolley
2 Compact/Handheld
Diagnostic Ultrasound Market, By Application (USD million)
1 General Imaging
2 Cardiology
3 OB/GYN
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Chapter 1. Methodology
1.1. Methodology
1.2. Market definitions
1.3. Forecast parameters
1.4. Data sources
1.4.1. Secondary
1.4.1.1. Paid sources
1.4.1.2. Unpaid sources
1.4.2. Primary
Chapter 2. Executive Summary
2.1. Diagnostic ultrasound industry 3600 synopsis, 2014 – 2025
2.1.1. Business trends
2.1.2. Technology trends
2.1.3. Portability trends
2.1.4. Application trends
2.1.5. End-user trends
2.1.6. Regional trends
Chapter 3. Diagnostic Ultrasound Industry Insights
3.1. Industry segmentation
3.2. Industry landscape, 2014 - 2025
3.3. Industry impact forces
3.3.1. Growth drivers
3.3.1.1. Growing geriatric population base in developed countries
3.3.1.2. Rising incidence of chronic diseases in Asia Pacific
3.3.1.3. Increasing birth rates worldwide
3.3.1.4. Technological innovations and advancements
3.3.2. Industry pitfalls and challenges
3.3.2.1. Dearth of skilled professionals
3.3.2.2. Barriers impeding use of diagnostic ultrasound in developing economies
Chapter 8. Diagnostic Ultrasound, By Region
8.2. North America
8.2.1. Market size, by country, 2014-2025 (USD Million)
8.2.2. Market size, by technology, 2014-2025 (USD Million)
8.2.3. Market size, by portability, 2014-2025 (USD Million)
8.2.4. Market size, by applications, 2014-2025 (USD Million)
8.2.5. Market size, by end-user, 2014-2025 (USD Million)
8.3. Europe
8.3.1. Market size, by country, 2014-2025 (USD Million)
8.3.2. Market size, by technology, 2014-2025 (USD Million)
8.3.3. Market size, by portability, 2014-2025 (USD Million)
8.3.4. Market size, by applications, 2014-2025 (USD Million)
8.3.5. Market size, by end-user, 2014-2025 (USD Million)
8.4. Asia Pacific
8.4.1. Market size, by country, 2014-2025 (USD Million)
8.4.2. Market size, by technology, 2014-2025 (USD Million)
8.4.3. Market size, by portability, 2014-2025 (USD Million)
8.4.4. Market size, by applications, 2014-2025 (USD Million)
8.4.5. Market size, by end-user, 2014-2025 (USD Million)
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Data Tables
TABLE 1 Global diagnostic ultrasound industry 360º synopsis, 2014 – 2025
TABLE 2 Global diagnostic ultrasound market, 2014 – 2025, (USD Million)
TABLE 3 Global diagnostic ultrasound market, by technology 2014 – 2025, (USD Million)
TABLE 4 Global diagnostic ultrasound market, by portability, 2014 – 2025, (USD Million)
TABLE 5 Global diagnostic ultrasound market, by application, 2014 – 2025, (USD Million)
TABLE 6 Global diagnostic ultrasound market, by end-user, 2014 – 2025, (USD Million)
TABLE 7 Global diagnostic ultrasound market, by region 2014 - 2025 (USD Million)
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Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.
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