Global Ultrasound Devices Market, By Technology (Diagnostic Ultrasound, Therapeutic Ultrasound), Portability (Trolley/Cart-Based Devices, Compact/Table-Top Devices, POC/Portable Devices), Display (Color Ultrasound Devices, Black and White Ultrasound Devices), Application (Cardiology, Radiology/General Imaging Applications, Orthopedic and Musculoskeletal Applications, Obstetrics/Gynecology, Vascular Applications, Urological Applications, Pain Management Applications, Others), End User (Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Maternity Centers, Research and Academia, Others), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Ultrasound Devices Market
The ultrasound devices market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 10.25 billion by 2028 and will grow at a CAGR of 5.00% in the above mentioned forecast period.
An ultrasound scan is a type of a device which uses high frequency sound waves to create an image of some part inside the body. These devices are non-invasive diagnostic imaging devices and are capable of acquiring images of internal organs of the body.
The high incidence of target diseases is amongst the significant factors expected to fuel the growth and demand of ultrasound devices market. In addition, the rapid rise in preference for minimally invasive procedures and increase in the number of diagnostic centers and hospitals are also anticipated to push the growth in the global ultrasound devices market over the forecast period of 2021 to 2028. Likewise, the rapid rise in the public and private investments, funding, and grants and increase in the number of pregnancies are also projected to lift the growth of the market. Furthermore, the constant developments in new applications of ultrasound techniques in the treatment of diseases, such as uterine fibroid are also expected to act as significant factors which will flourish the growth of the ultrasound devices market.
The rapid increase in the applications of therapeutic ultrasound along with the growth of POC ultrasound devices and technological advancements are expected to offer significant growth opportunities for the ultrasound devices market in the forecast period of 2021 to 2028.
However, the unfavorable healthcare reforms along with the lack of skilled and well-trained sonographers are estimated to limit the growth of the ultrasound devices market, whereas, the growing end-user preference for refurbished equipment can challenge the growth of the ultrasound devices market.
This ultrasound devices market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ultrasound devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ultrasound Devices Market Scope and Market Size
The ultrasound devices market is segmented on the basis of technology, portability, display, application and end user. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on technology, the ultrasound devices market is segmented into diagnostic ultrasound and therapeutic ultrasound. Diagnostic ultrasound has further been segmented into 2D ultrasound, 3D and 4D ultrasound and Doppler ultrasound. Therapeutic ultrasound has further been segmented into extracorporeal shockwave lithotripsy and high-intensity focused ultrasound.
- The portability segment of the ultrasound devices market is segmented into trolley/cart-based devices, compact/table-top devices and POC/portable devices.
- On the basis of display, the ultrasound devices market is segmented into color ultrasound devices and black and white ultrasound devices.
- Based on application, the ultrasound devices market is segmented into cardiology, radiology/general imaging applications, orthopedic and musculoskeletal applications, obstetrics/gynecology, vascular applications, urological applications, pain management applications and others.
- On the basis of end user, the ultrasound devices market is segmented intohospitals, diagnostic centers, ambulatory surgical centers, maternity centers, research and academia and others.
Ultrasound Devices Market Country Level Analysis
The ultrasound devices market is analyzed and market size insights and trends are provided by country, technology, portability, display, application and end user as referenced above.
The countries covered in the ultrasound devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the ultrasound devices market owing to the presence of well-established healthcare infrastructure and high adoption of home healthcare and remote patient monitoring. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the increase in target customer pool, rise in birthrates and the strong presence of major market players in countries such as China and Japan.
The country section of the ultrasound devices market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The ultrasound devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for ultrasound devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the ultrasound devices market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Ultrasound Devices Market Share Analysis
The ultrasound devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to ultrasound devices market.
The major players covered in the ultrasound devices market report are Shimadzu Corporation, Analogic Corporation,CANON MEDICAL SYSTEMS CORPORATION, Siemens Healthcare Private Limited, Koninklijke Philips N.V., GENERAL ELECTRIC COMPANY, SAMSUNG, FUJIFILM Corporation, ESAOTE SPA, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Carestream Health, Hologic, Inc., OLYMPUS CORPORATION, Daxsonics Ultrasound, Inc., CARDIAWAVE,Hitachi Medical Systems, Sonacare Medical,Trivitron Healthcare, FUKUDA DENSHI and Supersonic Imagine among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.