Press release
Ultrasound Market to Reach USD 11.25 Bn by 2029, Technological Advancements and Growth Opportunities
Ultrasound Market
Ultrasound Market Report Scope and Research Methodology
The increased use of ultrasound equipment for diagnostic imaging and therapy, as well as the rising prevalence of chronic and lifestyle-related diseases, is expected to drive market growth. Additionally, increased demand for minimally invasive surgery and technical improvements in ultrasound imaging technology are driving market growth. Ultrasound is considered one of the most important diagnostic techniques in medical imaging since it is quick, inexpensive, and safer than other imaging methods, as it does not use ionizing radiation or a magnetic field.
Ultrasound is a non-ionizing and non-invasive medical imaging tool that has achieved widespread recognition due to its unique properties and distinct benefits over other imaging modalities. The report highlights that the establishment and extension of basic ultrasound services are more easily possible than other imaging technologies since it requires less physical infrastructure and costs less in equipment and consumables.
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Ultrasound Market Dynamics
The report identifies the drivers, restraints, and regional insights that impact the growth of the market. The rising geriatric population and chronic disease prevalence are driving the market growth since they have increased the demand for healthcare services such as patient visits, hospital admissions, and surgeries. The introduction of artificial intelligence in obstetrics and gynecology ultrasound imaging is expected to facilitate sales growth through the forecast period.
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Ultrasound Market Regional Insights
However, the market is experiencing limited growth potential due to product recalls and a lack of skilled technicians in nations like Australia, the United Kingdom, and Canada. This is a major cause of concern for the market, and experts recommend interdisciplinary contact between AI developers and ultrasound specialists for the potential of AI to blossom.
Ultrasound Market Segmentation
By Technology:
• Diagnostic Ultrasound
o 2D Ultrasound
o 3D & 4D Ultrasound
o Doppler Ultrasound
• Therapeutic Ultrasound
o High-Intensity Focused Ultrasound (HIFU)
o Extracorporeal Shockwave Lithotripsy (ESWL)
By Device Display:
• Color Ultrasound
• B/W Ultrasound
By Portability:
• Trolley/Cart-based Ultrasound Systems
• Compact/Handheld Ultrasound Systems
• Point-of-care (PoC) Ultrasound Systems
By Application:
• Radiology/General Imaging Applications
• Obstetrics/Gynecology Applications
• Cardiology Applications
• Urology Applications
• Vascular Applications
• Orthopedic and Musculoskeletal Applications
• Pain Management Applications
•Other Applications (hepatology, neurology, bariatric surgery, breast imaging, and emergency care, among others)
By Component:
• Transducers/ Probes
o Curvilinear/ Convex Array Probes
o Linear Array Probes
o Phased Array Probes
o Other Probes
• Workstations
• Other components
By End User;
• Hospitals, Surgical Centers, and Diagnostic Centers
• Maternity Centers
• Ambulatory Care Centers
• Research and Academia
• Other End Users (physiotherapy clinics, independent associations, government organizations, and sports academies, among others)
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Ultrasound Market Key Competitors include:
• GE Healthcare (US)
• Hologic, Inc (US)
• Integra Medical Systems LLC (US)
• Analogic Corporation (US)
• Carestream Health (US)
• Medgyn Products, Inc (US)
• United Imaging Healthcare Co., Ltd. (US)
• Clarius Mobile Health (Canada)
• Neusoft Corporation (China)
• SonoScape Medical Corp. (China)
• Mindray Medical International Limited (China)
• Chison Medical Technologies Co., Ltd. (China)
• CANON MEDICAL SYSTEMS CORPORATION (Japan)
• Hitachi Ltd. (Japan)
• FUJIFILM Holdings Corporation (Japan)
• Konica Minolta, Inc (Japan)
• Samsung Medison Co., Ltd. (South Korea)
• CURA Healthcare (India)
• Siemens Healthcare (Germany)
• Esaote SpA (Italy)
• Koninklijke Philips N.V. (Netherlands)
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Table of Content for Ultrasound Market
Global Ultrasound Market: Research Methodology
Global Ultrasound Market: Executive Summary
Market Overview and Definitions
Introduction to Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Ultrasound Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
M&A by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
Global Ultrasound Market Segmentation
Global Market, by Technology (2021-2029)
Global Market, by Device Display (2021-2029)
Global Market, by Portability (2021-2029)
Global Market, by Application (2021-2029)
Global Market, by Component (2021-2029)
Global Market, by End User (2021-2029)
Regional Ultrasound Market (2021-2029)
Regional Market, by Technology (2021-2029)
Regional Market, by Device Display (2021-2029)
Regional Market, by Portability (2021-2029)
Regional Market, by Application (2021-2029)
Regional Market, by Component (2021-2029)
Regional Market, by End User (2021-2029)
Regional Market, by Country (2021-2029)
Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
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Key Offerings:
Past Market Size and Competitive Landscape (2018 to 2021)
Past Pricing and price curve by region (2018 to 2021)
Market Size, Share, Size & Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by Technology, Device Display, Portability, Application, Component and End User
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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