The global ultrasound imaging devices market, integral to medical imaging, utilizes sound waves for real-time internal body imaging. Driven by factors such as rising chronic diseases, technological advancements, and a growing aging population, the market experiences significant growth. Increased demand for minimally invasive procedures, expansion of point-of-care ultrasound (POCUS), and growing healthcare expenditure further contribute to its expansion. These dynamics, coupled with rising awareness of preventive healthcare and flourishing emerging markets, collectively propel the ultrasound imaging devices market, solidifying its essential role in global medical diagnostics.
Data Bridge Market Research shows that the Global Ultrasound Imaging Devices Market, which was USD 9.3 billion in 2022, is expected to reach USD 15.4 billion by 2030 and undergo a CAGR of 6.6% from 2023 to 2030.
"Rising technological advancements drive the market growth"
The ultrasound imaging devices sector has undergone significant technological advancements, transforming medical diagnostics and patient care. Recent innovations in ultrasound technology have elevated equipment capabilities and versatility. Advanced features, such as improved image resolution, 3D/4D imaging, and portable devices, contribute to more accurate diagnostics and enhanced patient outcomes. These technological strides broaden the scope of applications and streamline procedures, making ultrasound imaging more accessible and efficient and revolutionizing the medical diagnostics landscape.
What restraints the growth of the global ultrasound imaging devices market?
" High maintenance of devices hamper the market growth"
The high maintenance demands of ultrasound imaging devices pose a substantial obstacle in the healthcare industry. These devices necessitate rigorous and often costly maintenance protocols, impacting operational efficiency and increasing overall ownership expenses. The financial burden of frequent upkeep can strain healthcare budgets, limiting the widespread adoption of ultrasound technology.
Segmentation: Global Ultrasound Imaging Devices Market
The global ultrasound imaging devices market is segmented on the basis of array format, device display, device portability, technology, application, end user, and distribution channel.
- On the basis of array format, the global ultrasound imaging devices market is segmented into phased array, linear array, curved linear array, and others
- On the basis of device display, the global ultrasound imaging devices market is segmented into color ultrasound devices and black and white (B/W) ultrasound devices
- On the basis of device portability the global ultrasound imaging devices market is segmented into trolley/cart-based ultrasound devices, compact/handheld ultrasound devices, stationary ultrasound devices, and point-of-care ultrasound devices
- On the basis of technology, the global ultrasound imaging devices market is segmented into diagnostic ultrasound, and therapeutic ultrasound
- On the basis of application, the global ultrasound imaging devices market is segmented intoradiology/general imaging, obstetrics and gynecology, cardiovascular, gastroenterology, vascular, urological, orthopedic and musculoskeletal, pain management, emergency department, critical care, and others
- On the basis of end user, the global ultrasound imaging devices market is segmented into hospitals, surgical centers, research and academia, maternity centers, ambulatory care centers, diagnostic centers, and others
- On the basis of distribution channel, the global ultrasound imaging devices market is segmented into direct tender, third party distributors, and retail sales
Regional Insights: North America is expected to dominate the Global Ultrasound Imaging Devices Market
North America is expected to dominate the global ultrasound imaging devices market. It is driven by its robust healthcare infrastructure, extensive medication utilization, rising healthcare expenditure, and a notable surge in kidney stone prevalence. The region showcases high adoption rates of ultrasound imaging devices within well-equipped healthcare facilities, complemented by a growing number of research activities. This collective landscape positions North America as a key leader in the global market for ultrasound imaging devices.
Asia-Pacific is expected to dominate the global ultrasound imaging devices market during the forecast period. This dominance is driven by increased government initiatives promoting awareness, a surge in medical tourism, growing research activities, vast untapped markets, a large population pool, and rising demand for quality healthcare. These factors collectively contribute to the significant growth of the ultrasound imaging devices market in the Asia-Pacific region.
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The Prominent Key Players Operating in the Global Ultrasound Imaging Devices Market Include:
- General Electric (U.S.)
- Koninklijke Philips N.V. (Netherlands)
- Canon Medical Systems Corporation (Japan)
- Hitachi, Ltd. (Japan)
- Siemens Healthineers AG (Germany)
- Hologic, Inc. (U.S.)
- FUJIFILM Holdings Corporation (Japan)
- Samsung Electronics Co., Ltd. (South Korea)
- Mindray Medical International Limited (China)
- Analogic Corporation (U.S.)
- Esaote S.p.A (Italy)
- Carestream Health (U.S.)
- CURA Healthcare (India)
- Chison Medical Technologies Co., Ltd. (China)
- Mobisante, Inc. (U.S.)
- Neusoft Corporation (China)
- Clarius Mobile Health (Canada)
- Medgyn Products, Inc. (U.S.)
- United Imaging Healthcare Co., Ltd. (China)
Above are the key players covered in the report, to know about more and exhaustive list of global ultrasound imaging devices market companies, contact: https://www.databridgemarketresearch.com/contact
Research Methodology: Global Ultrasound Imaging Devices Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. 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 vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
