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Ultrasound Systems Devices And Equipment Market Size, Share, Trend Analysis, Segmentation And Forecast To 2033
Ultrasound Systems Devices And Equipment Market Share
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According to The Business Research Company's, The ultrasound systems devices and equipment market size has grown strongly in recent years. It will grow from $10.96 billion in 2023 to $11.96 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to non-invasive and radiation-free imaging, prenatal and obstetric care, cardiology and vascular applications, point-of-care and portable devices.
The ultrasound systems devices and equipment market size is expected to see strong growth in the next few years. It will grow to $16.48 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. The growth in the forecast period can be attributed to emerging markets growth, regulatory support and reimbursement, telemedicine and remote consultation, value-based healthcare. Major trends in the forecast period include artificial intelligence (ai) integration, handheld and wireless ultrasound devices, 3d/4d imaging, fusion imaging.
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Market Drivers and Trends:
Government and private funding in ultrasonic device manufacturing companies are driving the growth of the ultrasound systems device and equipment market. The investments by private firms as well government would provide adequate capital for the ultrasonic device manufacturing companies to conduct research and development and develop innovative and advanced ultrasound devices. For example, Chinese ultrasonic companies like Sonoscape, Mindray, and SIUI have benefitted from a government initiative to boost local manufacturers. Also, Private equity firm KKR decided to invest $35 million in Australia's ultrasound device maker Signostics Ltd. Hence, this funding would not only encourage innovative devices but boost the market as well.
The introduction of 3D/4D Ultrasound devices is the latest trend that is going to change the landscape of ultrasound devices and the equipment market. The 3D/4D technology ultrasound device provides real-time enhanced imaging of the internal anatomy/fetus, also enabling real-time volume imagining. This technology can also help in performing complex surgeries. The 3D/4D ultrasound device would also feature improved image visualization power, shorten examination time, and decrease strain injury during the surgery. For example, Toshiba's Aplio i900 Ultrasound machine makes use of the 3D/4D technology.
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Major Key Players of the Market:
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, Esaote S.p.A, Carestream Health, CHISON Medical Technologies Co.Ltd., Mobisante, Fukuda Denshi Co. Ltd, Echometrix, Butterfly Network, ProDiagnose, eXo Imaging, Teenyco, Sonosite, AnaSonic Bio-Medical, SonoScape, Roop Ultrasonix Ltd., Zonare Medical Systems, B K Medical ApS, Clarius Mobile Health, ContextVision AB, Delsona Therapeutics Inc., Edan Instruments Inc., Healcerion, KPI Healthcare, Laborie Medical Technologies Corp., Promed Group Co. Ltd., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Terason
Ultrasound Systems Devices And Equipment Market 2024 Key Insights:
• The ultrasound systems devices and equipment market size is expected to see strong growth in the next few years. It will grow to $16.48 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.
• Investment Influx Government And Private Funding Fueling Advancements In The Ultrasound Systems Device And Equipment Market
• Revolutionizing Ultrasound Imaging The Impact Of 3D/4D Technology On The Ultrasound Devices And Equipment Market
• Western Europe was the largest region in the global ultrasound systems devices and equipment market in 2023
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