Ultrasound Market Overview

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Ultrasound Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Ultrasound market by thorough analysis, and projections are made up to 2030.

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Ultrasound Market Scope and Methodology:

The study provides an extensive understanding of the details of the Ultrasound industry using both qualitative and quantitative analysis. The Ultrasound market was estimated using a bottom-up methodology. Both primary and secondary data gathering techniques were used to get the information needed for the analysis. Several techniques, including questionnaires and surveys, are employed in the primary method's data collection procedure. In addition to commercial sources like Bloomberg News and the database Hoovers for data collection, secondary sources include articles, government publications, and annual reports.

The condition of market consolidations and acquisitions, R&D activities, advancement, cutting-edge industry techniques, and buyer direct are all carefully examined in the study in order to evaluate the market prediction. Methods, organizational charts, portfolios, and a critical assessment of prominent business leaders are all included in the research. The Ultrasound market an extensive SWOT analysis and PESTLE study of doors were carried out to ascertain market trends and current microeconomic variables.

Ultrasound Market Regional Insights 

Gaining an in-depth understanding of regional viewpoints is necessary to comprehend the intricate dynamics of the Ultrasound market. The numerous regions that comprise the Ultrasound market include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The study offers a comprehensive analysis of the factors, market size, growth rate, and volume of imports and exports in every area. The Regional Analysis section displays the current status of the Ultrasound market in each of the countries covered in the research.

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)

With a 72% market share, the technology segment for diagnostic ultrasound equipment is leading the way. This is because cancer, cardiology, and obstetrics have such a broad range of uses. The need for diagnostic ultrasonography devices is also anticipated to increase as a result of technical improvements and the rising prevalence of various lifestyle-related illnesses. Furthermore, the growing need for better diagnostic tools, like miniature 2D and 3D/4D models, is anticipated to propel the global market for diagnostic ultrasound equipment. The segment is further divided into Doppler, 3D/4D, and 2D sub-segments.

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)

With a 29% share during the forecast period, the Radiology/General Imaging Segment is predicted to lead the market, having the greatest market share by Application in 2022. A variety of scans that are necessary for diagnosis and treatment planning are included in general imaging, which is less expensive than other applications. These scans include those of the abdomen, musculoskeletal system, small parts, urology, liver, thyroid, scrotum, bladder, pancreas, kidneys, spleen, and gallbladder.

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)

With a revenue share of over 39.5% by End-User in 2022, the Hospital segment is anticipated to maintain its leading position in the ultrasound device market with the highest compound annual growth rate (CAGR) during the course of the forecast period. Two reasons that have contributed to the expansion of this segment are the increasing number of patients seeking treatment for various lifestyle-related disorders and the widespread use of ultrasound technology in medical settings. It is predicted that the need for ultrasound equipment in both outpatient and inpatient settings would increase with the availability of portable devices. Over the course of the forecast period, there will likely be a rise in the number of hospital mergers and acquisitions with other market competitors, as well as an increase in the use of technologically advanced imaging systems, which will drive up demand for new installations.

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Ultrasound Market Key Players

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)

Key questions answered in the Ultrasound Market are:

• What is Ultrasound?
• Who are the leading companies and what are their portfolios in Ultrasound Market?
• What growth strategies are the players considering to increase their presence in Ultrasound?
• What are the upcoming industry applications and trends for the Ultrasound Market?
• Which are the factors expected to drive the Ultrasound market growth?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Ultrasound Market?
• What was the Ultrasound market size in 2023?
• What are the different segments of the Ultrasound Market?
• What will be the CAGR at which the Ultrasound market will grow?
• What is the growth rate of the Ultrasound Market?
• What segments are covered in the Ultrasound Market?
• What are the key challenges and opportunities in the Ultrasound market?
• Which application holds the highest potential in the Ultrasound market?
• Who are the key players in the Ultrasound market?

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Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2022)
• Past Pricing and price curve by region (2018 to 2022)
• Market Size, Share, Size & Forecast by different segment | 2024−2030
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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