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Thriving Ultrasound Systems Devices and Equipment Market Set for Substantial Growth
Ultrasound Systems Devices and Equipment Market
The ultrasound systems devices and equipment market have witnessed robust growth, surging from $10.96 billion in 2023 to an anticipated $11.96 billion in 2024, marking an impressive Compound Annual Growth Rate (CAGR) of 9.2%. The market is poised for continued expansion, reaching $16.48 billion by 2028, with a projected CAGR of 8.3%.
Investment Influx: Government and Private Funding Driving Market Advancements
Government and private funding initiatives in ultrasonic device manufacturing companies are propelling the growth of the ultrasound systems device and equipment market. Substantial investments, exemplified by private equity firm KKR's $35 million investment in Australia's ultrasound device maker Signostics Ltd., stimulate research, development, and innovation in ultrasound devices, fostering market growth.
Expanding Opportunities: Rising Sports-Related Injuries Fueling Market Growth
The escalating prevalence of sports-related injuries is a key driver for the ultrasound systems devices and equipment market. These devices play a crucial role in diagnosing, managing, and monitoring sports-related injuries, aiding in the safe recovery of athletes. With 3.5 million sports-related injuries among children and teenagers reported annually, the demand for ultrasound systems devices and equipment is on the rise.
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Revolutionizing Ultrasound Imaging: The Impact of 3D/4D Technology
The introduction of 3D/4D ultrasound devices is revolutionizing the landscape of ultrasound devices and equipment. This technology provides real-time enhanced imaging, enabling real-time volume imagining and improving image visualization power. Toshiba's Aplio i900 Ultrasound machine exemplifies the integration of 3D/4D technology, showcasing its potential in complex surgeries.
Innovative Advancements: Samsung's Premium Ultrasound System 'V8'
Major players in the market are driving innovation, as exemplified by Samsung's Premium Ultrasound System 'V8.' This advanced system, launched in September 2021, focuses on enhanced image quality, usability, and convenience in ultrasound. Equipped with S-Shearwave Imaging, it provides valuable information about tissue stiffness, aiding in disease diagnosis.
Market Leaders: Pioneering Companies Shaping the Landscape
Prominent companies shaping the ultrasound systems devices and equipment market include:
• GE HealthCare
• Siemens Healthineers
• Philips Healthcare
• Mindray Medical International Ltd.
• Fujifilm Holdings Corporation
• Hitachi Ltd.
• Toshiba Corporation
• Samsung Electronics
• Canon Medical Systems
• Hologic Inc.
• Shantou Institute of Ultrasonic Instruments Co. Ltd.
• Analogic Corporation
These industry leaders play a pivotal role in driving technological advancements and ensuring the market's sustained growth.
Regional Dominance: Western Europe Leads, Followed by North America
Western Europe emerged as the largest region in the global ultrasound systems devices and equipment market in 2023, with North America securing the second-largest share.
Market Segmentation:
The ultrasound systems devices and equipment market covered in this report is segmented -
1) By Type: Diagnostic Ultrasound Systems, Therapeutic Ultrasound Systems
2) By End User: Hospitals, Diagnostic Imaging & Surgical Centers, Ambulatory surgical centers (ASCs), Clinics
3) By Product: A-Mode, B-Mode or 2D Mode, C-Mode, M-Mode, Doppler Mode, Pulse Inversion Mode, Harmonic Mode
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Ultrasound Systems Devices And Equipment Global Market Report 2024 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Ultrasound Systems Devices And Equipment Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on ultrasound systems devices and equipment market size, ultrasound systems devices and equipment market drivers and trends, ultrasound systems devices and equipment market major players, ultrasound systems devices and equipment market competitors' revenues, ultrasound systems devices and equipment market positioning, and ultrasound systems devices and equipment market growth across geographies. The ultrasound systems devices and equipment market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the ultrasound systems devices and equipment market report and tap into segments with the highest growth potential.
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