Ultrasound Market

Ultrasound Market is valued at USD 5.64 Billion in 2021 and expected to reach USD 8.14 Billion by 2028 with a CAGR of 5.39% over the forecast period. Rising patient preference for minimally invasive procedures and increasing number of hospitals & diagnostic centers are powering the development of the market during the coming period.

Scope of The Ultrasound Market Report:

Ultrasound is a medical imaging technique that employs high-frequency sound waves to visualize the body’s internal organs. It is fitted with a probe that transfers the ultrasonic high-frequency sound waves into the patient’s body. These sound waves are then mirrored into the probe by the body organs and are transferred to a display machine that creates the image with the assistance of echoes. An ultrasound transducer system or ultrasound machine is employed to visualize kidneys, human fetus, liver, heart, blood vessels, and other organs. It is a kind of diagnostic imaging method that is also employed to probe pregnant females. Ultrasound machines can also be used in sonography, which can assist in both therapeutic procedures and diagnosis.

By technology, the market is divided into therapeutic ultrasound (shockwave lithotripsy, focused ultrasound) and diagnostic ultrasound (3D, 2D, Doppler, and 4D ultrasound). The diagnostic ultrasound section is predicted to add up for the bigger share of the market. The huge share of this section can be credited to the significant employment of 2D ultrasound in female’s health, ongoing technical advancements in the field of diagnostic ultrasound imaging, availability of medical reimbursements for diagnostic ultrasound procedures in mature markets, and the rising applications of up-and-coming ultrasound methods.

By system portability, the market is divided into compact/handheld ultrasound systems, trolley/cart-based ultrasound systems, and point-of-care ultrasound systems. The trolley/cart-based ultrasound systems section is predicted to add up for the biggest share of the market. The huge share of this section is credited to the increasing acceptance of these systems all over main markets owing to their elevated employment in emergency care and acute care settings in healthcare institutions and hospitals.

By application, the global ultrasound market is divided into obstetrics/gynecology, radiology/general imaging, vascular applications, pain management, cardiologic applications, orthopedic & musculoskeletal applications, urological applications, and other applications. The radiology/general imaging applications section is predicted to have the biggest market share. Factors such as the technical advancements in the field of ultrasound-based treatment and diagnosis, rising incidence of various cancers across major nations, physician preference for HIFU in cancer treatment, increasing market availability, the increasing adoption of focused ultrasound in disease therapies, and increasing usage of ultrasound in tissue biopsy and cancer diagnosis are powering the development of the radiology/general imaging section.

Europe Is Predicted To Have The Biggest Share Of The Market In The Coming Period

Europe is predicted to have the biggest share of the market in the coming period. Factors such as the expansions in the clinical applications of focused ultrasound, huge number of current clinical research projects in the area of ultrasound, and the early commercialization of these machines in the area, along with the noteworthy healthcare expenditure all over developed European nations (such as France, Germany, Italy, the UK, and Spain) are powering the development of the market in Europe.

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 5.64 Billion
Base year considered	2021
Forecast Period CAGR %:	5.39%
Market Size Expected in 2028:	USD 8.14 Billion
Tables, Charts & Figures:	175
Pages	200
Ultrasound Companies	Philips, General Electric Company, Siemens AG, Canon Medical Systems, Samsung Electronics, Hitachi, Esaote S.p.A, FUJIFILM Holdings Corporation, Shimadzu Corporation, Mindray Medical International Ltd., Carestream, Analogic Corporation, Mobisnate, Hologic, Chison Medical Imaging.
Segments Covered	By Product Type, By Device Display Type, By Device Portability, By Application Type
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

 

Factors Such As The Rising Occurrence Of Target Diseases And Technological Advancements Are Powering The Development Of The Global Ultrasound Market

Factors such as the rising occurrence of target diseases, technological advancements, rising patient preference for minimally invasive procedures, increasing private & public investments, grants, and funding, and increasing number of hospitals & diagnostic centers are powering the development of the market during the coming period.

Global Ultrasound Market Key Segmentation:

By Product Type

• Diagnostic Ultrasound Systems
• 2D Imaging Systems
• 3D & 4D Imaging Systems
• Doppler Imaging
• Therapeutic Ultrasound Systems
• High-Intensity Focused Ultrasound (HIFU)
• Extracorporeal Shockwave Lithotripsy (ESWL)

By Device Display Type

• Color Ultrasound Devices
• Black & White (B/W) Ultrasound Devices

By Device Portability

• Trolley/Cart-Based Ultrasound Devices
• Compact/Handheld Ultrasound Devices

By Application Type

• Radiology/General Imaging
• Obstetrics/Gynecology
• Cardiology
• Urology
• Vascular
• Others

Ultrasound Market Key Players:

The major players included in the global ultrasound market forecast are,

• Philips
• General Electric Company
• Siemens AG
• Canon Medical Systems
• Samsung Electronics
• Hitachi, Esaote S.p.A
• FUJIFILM Holdings Corporation
• Shimadzu Corporation
• Mindray Medical International Ltd.
• Carestream
• Analogic Corporation
• Mobisnate
• Hologic
• Chison Medical Imaging.

Market by Regional Analysis

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Key Benefits for Global Ultrasound Market Report:

• Global Ultrasound Market report covers in-depth historical and forecast analysis.
• Global Ultrasound Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
• Global Ultrasound Market report helps to identify opportunities in marketplace.
• Global Ultrasound Market report covers extensive analysis of emerging trends and competitive landscape.