Global Ultrasound Imaging Devices Market, By Array Format (Phased Array, Linear Array, Curved Linear Array and Others), Device Display (Color Ultrasound Devices and Black and White (B/W) Ultrasound Devices), Device Portability (Trolley/Cart-Based Ultrasound Devices, Compact/Handheld Ultrasound Devices, Stationary Ultrasound Devices and Point-of-Care Ultrasound Devices), Technology (Diagnostic Ultrasound and Therapeutic Ultrasound), Application (Radiology/General Imaging, Obstetrics and Gynecology, Cardiovascular, Gastroenterology, Vascular, Urological, Orthopedic and Musculoskeletal, Pain Management, Emergency Department, Critical Care and Others), End User (Hospitals, Surgical Centers, Research and Academia, Maternity Centers, Ambulatory Care Centers, Diagnostic Centers and Others), Distribution Channel (Direct Tender, Third Party Distributors and Retail Sales) – Industry Trends and Forecast to 2029
Global Ultrasound Imaging Devices Market Analysis and Size
Urological healthcare procedures are increasing at a high rate all around the globe. Increasing medical procedures associated with kidneys, ureters, bladder, urethra, the prostate gland, and reproductive health have widened the scope of growth for the ultrasound imaging devices. Increasing deployment of advanced technologies in these medical systems will further improve their efficiency in the healthcare processes.
- Data Bridge Market Research analyses that the ultrasound imaging devices market is expected to undergo a CAGR of 6.60% during the forecast period. This indicates that the market value, which was USD 6.70 billion in 2021, would rocket up to USD 11.17 billion by 2029. “Trolley/Cart-Based Ultrasound Devices” dominates the device portability segment of the ultrasound imaging devices market owing to the growing adoption of these systems across major markets due to their increased usage in acute care settings and emergency care. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Global Ultrasound Imaging Devices Market Definition
From the name itself, it is clear that ultrasound imaging devices are the medical imaging devices that are used to diagnose problems in the body by generating image of the target area using high frequency sound waves. Ultrasound imaging devices are used during numerous healthcare procedures with an aim to suggest the best treatment solution.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2019 - 2014)
Revenue in USD Billion, Volumes in Units, Pricing in USD
Array Format (Phased Array, Linear Array, Curved Linear Array and Others), Device Display (Color Ultrasound Devices and Black and White (B/W) Ultrasound Devices), Device Portability (Trolley/Cart-Based Ultrasound Devices, Compact/Handheld Ultrasound Devices, Stationary Ultrasound Devices and Point-of-Care Ultrasound Devices), Technology (Diagnostic Ultrasound and Therapeutic Ultrasound), Application (Radiology/General Imaging, Obstetrics and Gynecology, Cardiovascular, Gastroenterology, Vascular, Urological, Orthopedic and Musculoskeletal, Pain Management, Emergency Department, Critical Care and Others), End User (Hospitals, Surgical Centers, Research and Academia, Maternity Centers, Ambulatory Care Centers, Diagnostic Centers and Others), Distribution Channel (Direct Tender, Third Party Distributors and Retail Sales)
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.
Market Players Covered
General Electric (US), Koninklijke Philips N.V. (Netherlands), Canon Medical Systems Corporation (Japan), Hitachi, Ltd. (Japan), Siemens Healthineers AG (Germany), Hologic, Inc. (US), FUJIFILM Holdings Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), Mindray Medical International Limited (China), Analogic Corporation (US), Esaote S.p.A (Italy), Carestream Health (US), CURA Healthcare (India), Chison Medical Technologies Co., Ltd. (China), Mobisante, Inc. (US), Neusoft Corporation (China), Clarius Mobile Health (Canada), Medgyn Products, Inc. (US), and United Imaging Healthcare Co., Ltd. (China)
Ultrasound Imaging Devices Market Dynamics
- Rising prevalence of diseases
Growing rate of acute and chronic diseases and disorders all around the globe owing to various factors is one of the major factors fostering the growth of the market. For example- growing incidence rate of cancer tumors, gallstones, fatty liver disease and others is directly and positively influencing the growth of the market. Globally, 415 million people had diabetes in 2015; by 2040, this figure will reach 642 million.
- Research and development proficiencies
Rising expenditure for research and development proficiencies especially in the developed and developing economies pertaining to the medical instruments and devices will further create lucrative market growth opportunities. Research and development proficiencies being conducted pertaining to the advancements in medical imaging devices is also bolstering the market growth rate.
- Growing investment for healthcare facilities
Surging focus towards improving the condition of healthcare facilities and improving the overall healthcare infrastructure another important factor fostering the growth of the market. Rising number of partnerships and strategic collaborations between the public and private players pertaining to funding and application of new and improved technology is further creating lucrative market opportunities. Also, rising government initiatives to increase awareness about importance of early diagnosis is yet again bolstering the market growth rate.
Furthermore, upsurge in the public-private funding for target research activities, increase in the incidence of lifestyle-related diseases, high adoption of technologically advanced products, rising geriatric population base and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, expanding application area of ultrasound for renal stones, cancers, and other clinical conditions, rising internet penetration rate, growing number of mergers and acquisitions and increasing per capita expenditure on health care will further expand the market's growth rate in the future.
Restraints/Challenges Global Ultrasound Imaging Devices Market
On the other hand, high cost associated with the research and development proficiencies, limited infrastructural facilities, uneven distribution of medical services and dearth of awareness in the backward economies are expected to obstruct market growth. Also, lack of favorable reimbursement scenario and technology penetration in the developing economies, decline in the healthcare expenses in the advancing countries, rising patent expiry, pricing pressure by the government, high cost of ultrasound devices and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2022-2029.
This ultrasound imaging 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 imaging 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.
COVID-19 Impact on Ultrasound Imaging Devices Market
COVID-19 has had a moderate impact on the market. Drop in the rate of manufacturing of medical devices has adversely affected the revenues. Restriction on the movement, shut down of various facilities and supply chain disruption created a challenge for the market. Further, shift in focus from the non-essential medical processes also created hindrances for the market. Also, the demand for ultrasound devices reduced as the usage of imaging system decreased due to lack of need of emergency care. However, the post pandemic period is expected to bring back the market on its track.
- In February 2022, Butterfly Network, Inc. and Ambra Health announced a partnership to accelerate and simplify interoperability for bedside imaging data. This partnership strengthens the scalability of Butterfly Blueprint, Butterfly’s enterprise platform, and will enhance access to, and shareability of valuable ultrasound information across hospitals and health systems.
- In December 2021, EagleView ultrasound introduced its wireless portable ultrasound device, which provides ultrasound imaging much freedom, and makes the point-of-care solution more affordable too.
Global Ultrasound Imaging Devices Market Scope
The ultrasound imaging devices market is segmented on the basis of array format, device display, device portability, technology, application, end user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Phased Array
- Linear Array
- Curved Linear Array
On the basis of array format, the market is segmented into phased array, linear array, curved linear array and others.
- Color Ultrasound Devices
- Black and White (B/W) Ultrasound Devices
On the basis of device display, the market is segmented into color ultrasound devices and black and white (B/W) ultrasound devices.
- Trolley/Cart-Based Ultrasound Devices
- Compact/Handheld Ultrasound Devices
- Stationary Ultrasound Devices
- Point-of-Care Ultrasound Devices
On the basis of device portability, the market is segmented into trolley/cart-based ultrasound devices, compact/handheld ultrasound devices, stationary ultrasound devices and point-of-care ultrasound devices.
- Diagnostic Ultrasound
- Therapeutic Ultrasound
On the basis of technology, the market is segmented into diagnostic ultrasound and therapeutic ultrasound.
- Radiology/General Imaging
- Obstetrics and Gynecology
- Orthopedic and Musculoskeletal
- Pain Management
- Emergency Department
- Critical Care
On the basis of application, the market is segmented into radiology/general imaging, obstetrics and gynecology, cardiovascular, gastroenterology, vascular, urological, orthopedic and musculoskeletal, pain management, emergency department, critical care and others.
- Surgical Centers
- Research and Academia
- Maternity Centers
- Ambulatory Care Centers
- Diagnostic Centers
On the basis of end user, the market is segmented into hospitals, surgical centers, research and academia, maternity centers, ambulatory care centers, diagnostic centers and others.
- Direct Tender
- Third Party Distributors
- Retail Sales
On the basis of distribution channel, the market is segmented into direct tender, third party distributors and retail sales.
Ultrasound Imaging Devices Market Regional Analysis/Insights
The ultrasound imaging devices market is analysed and market size insights and trends are provided by country, array format, device display, device portability, technology, application, end user and distribution channel as referenced above.
The countries covered in the ultrasound imaging 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 dominates the ultrasound imaging devices market because of the strong base of healthcare facilities, widespread utilization of medications, increase in the expenses in the health care, rapid increase in the prevalence of kidney stones, high adoption of ultrasound imaging devices across well-equipped healthcare facilities and rising number of research activities in this region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, availability of massive untapped markets, large population pool, and the growing demand for quality healthcare in the region.
The country section of the 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 like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the 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 imaging 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 imaging devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the ultrasound imaging devices market. The data is available for historic period 2010-2020.
Competitive Landscape and Ultrasound Imaging Devices Market Share Analysis
The ultrasound imaging 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 imaging devices market.
Some of the major players operating in the ultrasound imaging devices market are:
- General Electric (US)
- Koninklijke Philips N.V. (Netherlands)
- Canon Medical Systems Corporation (Japan)
- Hitachi, Ltd. (Japan)
- Siemens Healthineers AG (Germany)
- Hologic, Inc. (US)
- FUJIFILM Holdings Corporation (Japan)
- Samsung Electronics Co., Ltd. (South Korea)
- Mindray Medical International Limited (China)
- Analogic Corporation (US)
- Esaote S.p.A (Italy)
- Carestream Health (US)
- CURA Healthcare (India)
- Chison Medical Technologies Co., Ltd. (China)
- Mobisante, Inc. (US)
- Neusoft Corporation (China)
- Clarius Mobile Health (Canada)
- Medgyn Products, Inc. (US)
- United Imaging Healthcare Co., Ltd. (China)
Research Methodology : Global Ultrasound Imaging Devices Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-ultrasound-imaging-devices-market