Ultrasound Market size was valued at USD 7.24 Bn. in 2022 and the total Ultrasound revenue is expected to grow by 6.5% from 2023 to 2029, reaching nearly USD 11.25 Bn.
Ultrasound Market Overview:
The goal of this research is to give a comprehensive overview of the Ultrasound market by segment, industry, and geography. The research includes thorough information on the primary elements impacting the Ultrasound industry’s growth. The research also includes an in-depth evaluation of the market’s value chain.
Ultrasound Market Scope:
The research technique used to analyze and predict the Ultrasound market begins with the collection of revenue data from major suppliers using secondary research sources. Vendor offers are also taken into account while developing market segmentation. The income of big firms was used to estimate the overall size of the Ultrasound market using the bottom-up technique.
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Ultrasound Market Segmentation:
by Technology
1. Diagnostic Ultrasound
1.1 2D Ultrasound
1.2 3D & 4D Ultrasound
1.3 Doppler Ultrasound
2. Therapeutic Ultrasound
1.1 High-Intensity Focused Ultrasound (HIFU)
1.2 Extracorporeal Shockwave Lithotripsy (ESWL)
by Device Display
1. Color Ultrasound
2. B/W Ultrasound
by Portability
1. Trolley/Cart-based Ultrasound Systems
2. Compact/Handheld Ultrasound Systems
3. Point-of-care (PoC) Ultrasound Systems
by Application
1. Radiology/General Imaging Applications
2. Obstetrics/Gynecology Applications
3. Cardiology Applications
4. Urology Applications
5. Vascular Applications
6. Orthopedic and Musculoskeletal Applications
7. Pain Management Applications
8. Other Applications (hepatology, neurology, bariatric surgery, breast imaging, and emergency care, among others)
by Component
1. Transducers/ Probes
1.1 Curvilinear/ Convex Array Probes
1.2 Linear Array Probes
1.3 Phased Array Probes
1.4 Other Probes
2. Workstations
3. Other components
by End User
1. Hospitals, Surgical Centers, and Diagnostic Centers
2. Maternity Centers
3. Ambulatory Care Centers
4. Research and Academia
5. Other End Users (physiotherapy clinics, independent associations, government organizations, and sports academies, among others)
by Technology
With a 72% market share, the Diagnostic Ultrasound devices category leads the industry in terms of technology. This is due to the numerous uses in cancer, cardiology, and obstetrics. The need for diagnostic ultrasonography equipment is also anticipated to increase due to technology improvements and the rising prevalence of numerous lifestyle-related illnesses.
by Application
The Radiology/General Imaging Segment, which dominated the market by Application in 2022, is anticipated to continue to rule the market with a 29% share during the forecast period. A wide range of scans, including those of the abdomen, musculoskeletal system, small parts, urology, liver, thyroid, scrotum, bladder, pancreas, kidneys, spleen, and gallbladder, are all included in general imaging, which is less expensive than other applications.
Ultrasound Market Key Players:
The major players covered in the Ultrasound market report are
1. GE Healthcare (US)
2. Hologic, Inc (US)
3. Integra Medical Systems LLC (US)
4. Analogic Corporation (US)
5. Carestream Health (US)
6. Medgyn Products, Inc (US)
7. United Imaging Healthcare Co., Ltd. (US)
8. Clarius Mobile Health (Canada)
9. Neusoft Corporation (China)
10. SonoScape Medical Corp. (China)
11. Mindray Medical International Limited (China)
12. Chison Medical Technologies Co., Ltd. (China)
13. CANON MEDICAL SYSTEMS CORPORATION (Japan)
14. Hitachi Ltd. (Japan)
15. FUJIFILM Holdings Corporation (Japan)
16. Konica Minolta, Inc (Japan)
17. Samsung Medison Co., Ltd. (South Korea)
18. CURA Healthcare (India)
19. Siemens Healthcare (Germany)
20. Esaote SpA (Italy)
21. Koninklijke Philips N.V. (Netherlands)
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Ultrasound Market Regional Analysis:
A research team conducted extensive primary and secondary research for the worldwide industry’s Ultrasound market study. Secondary research has been conducted in order to improve the available data, segment the market, assess total market size, forecast market size, and growth rate. Various approaches for calculating market value and market growth rate have been established. Our staff collects market facts and data from many areas in order to provide a more realistic regional perspective. The research’s country-level analysis is developed by examining multiple regional stakeholders, regional tax laws and policies, consumer behavior, and macroeconomic indicators.
Separate market share data is provided for North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Analysts should maximize their competitive strengths and do competitive analysis on each rival independently.
COVID-19 Impact Analysis on Ultrasound Market:
The Ultrasound market research also includes a complete assessment of COVID-19’s influence on the Ultrasound market based on import, suppliers, and market players.
Key Questions Answered in the Ultrasound Market Report are:
- Which segment was responsible for the largest share in the Ultrasound market?
- How was the competitive scenario of the Ultrasound market in 2022?
- Which are the key factors responsible for the Ultrasound market growth?
- Which region held the maximum share in the Ultrasound market in 2022?
- Ultrasound Market: Research Methodology
- Ultrasound Market: Executive Summary
- Market Overview and Definitions
- Introduction to Ultrasound Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Ultrasound Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Ultrasound Market Segmentation
- Ultrasound Market, by Technology (2023-2029)
- Ultrasound Market, by Device Display (2023-2029)
- Ultrasound Market, by Portability (2023-2029)
- Ultrasound Market, by Application (2023-2029)
- Ultrasound Market, by Component (2023-2029)
- Ultrasound Market, by End User (2023-2029)
- Regional Ultrasound Market(2023-2029)
- Regional Ultrasound Market, by Technology (2023-2029)
- Regional Ultrasound Market, by Device Display (2023-2029)
- Regional Ultrasound Market, by Portability (2023-2029)
- Regional Ultrasound Market, by Application (2023-2029)
- Regional Ultrasound Market, by Component (2023-2029)
- Regional Ultrasound Market, by End User (2023-2029)
- Regional Ultrasound Market, by Country (2023-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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