The global ultrasound market is estimated to value over 8 billion and register a CAGR of over 4.9% from the forecast period 2019-2026. Increasing prevalence of infectious and chronic diseases such as cancer and cardiovascular diseases are the major factors propelling the ultrasound market. Increasing demand for non-invasive and invasive diagnostic procedures alongside rising geriatric population worldwide has boosted the market.
Ultrasound Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 2019 to 2026 The global ultrasound market is estimated to value over 8 billion and register a CAGR of over 4.9% from the forecast period 2019-2026. Increasing prevalence of infectious and chronic diseases such as cancer and cardiovascular diseases are the major factors propelling the ultrasound market. Increasing demand for non-invasive and invasive diagnostic procedures alongside rising geriatric population worldwide has boosted the market. Technological advancements and rising cases of injuries on joints, muscles and tendons is fueling the growth of the ultrasound market. Growing adoption of high-efficiency imaging products and rapid expansion of hospitals is bolstering the market as well. The market is bifurcated into technology, device display, system portability, application, end-user, and region. Based on technology, diagnostic ultrasound is expected to dominate the market growth. Diagnostic ultrasound consists of 2D, 3D, 4D, and Doppler ultrasound. A rise in demand for 2D ultrasound owing to technological advancements and favorable medical reimbursements has positively influenced the market. The emergence of a large number of growing applications of ultrasound techniques is boosting the market further. In terms of system, portability trolley/cart-based is expected to hold a significant share of the market. Rising adoption of trolleys in emergency care in hospitals and acute care settings is stimulating the market. Based on application, radiology is expected to dictate the market growth owing to technological advancements and rising cases of cancer globally. In addition, increasing adoption of tissue biopsy and ultrasound cancer diagnosis is driving the market. In terms of end-user, hospitals, diagnostic centers, and surgical centers are expected to witness significant growth owing to the growing number of hospitals worldwide. The rise in the number of ultrasound-based and minimally invasive procedures is boosting the market. The rapid expansion of hospitals in developed economies alongside favorable government initiatives is fueling the growth of the market as well. Based on the region, North America is the global leader of the market. Easy accessibility, high adoption of advanced diagnostic equipment and rising healthcare expenditure in countries like Canada and the US are stimulating the market in the region. Europe is expected to show significant growth, owing to increasing research projects in the field of ultrasound, which strengthens the market position in the region. The significant healthcare expenditure in countries such as France, Germany, Italy, Spain, and the UK is bolstering the market. Prominent players of the market are FUJIFILM Holdings Corporation, Shimadzu Corporation, Chison Medical Imaging, Hologic, Carestream, Mobisante, Mindray Medical International Ltd, Hitachi, Siemens AG, Philips, Samsung Electronics and General Electric Company. Competitive Landscape: Hologic, in 2018 decided to collaborate with Clarius in order to bolster its handheld and wireless ultrasound scanner in North America Canon Medical Systems acquired the healthcare unit of Toshiba Corporation in order to expand its healthcare business worldwide Request a Sample Report @ https://www.futurewiseresearch.com/requestsample.aspx?id=3353&page=requestsample Global Ultrasound Market Segmentation By Device Display Colour Ultrasound Black and White (B/W) Ultrasound By System Portability Trolley/Cart-based Ultrasound Systems Compact/Handheld Ultrasound Systems Point-of-Care Ultrasound Systems By Application Radiology/General Imaging Cardiology Applications Obstetrics/Gynecology Vascular Applications Urological Applications Orthopedic and Musculoskeletal Applications Pain Management Applications By End-User Hospitals, Surgical Centers and Diagnostic Centers Maternity Centers Ambulatory Care Centers Research and Academia By Region North America Europe Asia Pacific Latin America Rest of the World Purchase a Copy & Ask For Discount: https://www.futurewiseresearch.com/requestsample.aspx?id=3353&page=askfordiscount FutureWise Key Takeaways ● Growth Prospects ● SWOT Analysis ● Key Trends ● Key data-points affecting market growth Objectives of the Study: • To provide with an exhaustive analysis on the global ultrasound market by device display, by system portability, by application, by end-users, and by region • To cater to comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) • To evaluate and forecast micro-markets and the overall market • To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America and rest of the world • To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers, and expansions • Profiling of companies to evaluate their market shares, strategies, financial and core competencies Table of Contents 1 Introduction 1.1 Objectives of the Study 1.2 Market Definition 1.3 Market Scope 1.3.1 Markets Covered 1.3.2 Years Considered for the Study 1.4 Currency Used for the Study 1.5 Market Stakeholders 2 Research Methodology 2.1 Research Data 2.1.1 Secondary Research 2.1.2 Primary Research 2.2 Market Estimation Methodology 2.2.1 Revenue-Based Market Estimation 2.2.2 End-User Based Market Estimation 2.2.3 Primary Research Validation 2.3 Market Breakdown and Data Triangulation 2.4 Research Assumptions 2.5 Research Limitations 3 Executive Summary 4 Premium Insights 4.1 Ultrasound: Market Overview 4.2 Ultrasound Market, By Technology, 2018 vs 2023, (USD Million) 4.3 Market, By Type, 2018 vs 2023, (USD Million) 4.4 Market, By Type, 2018 vs 2023, (USD Million) 4.5 Market, By Device Display, 2018 vs 2023, (USD Million) 4.6 Ultrasound Market, By System Portability, 2018 vs 2023, (USD Million) 4.7 Market, By Application, 2018 vs 2023, (USD Million) 4.8 Ultrasound Market, By End User, 2018 vs 2023, (USD Million) 4.9 Market: Geographical Snapshot 5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 22.214.171.124 Increasing Prevalence of Target Diseases 126.96.36.199 Rising Patient Preference for Minimally Invasive Procedures 188.8.131.52 Technological Advancements 184.108.40.206 Growing Public and Private Investments, Funding, and Grants 220.127.116.11 Increasing Number of Diagnostic Centers & Hospitals 5.2.2 Restraints 18.104.22.168 Stringent Government Regulations 5.2.3 Opportunities 22.214.171.124 Expanding Applications of Therapeutic Ultrasound 126.96.36.199 Emerging Markets 188.8.131.52 Advent of POC Ultrasound Devices 5.2.4 Challenges 184.108.40.206 Growing End-User Preference for Refurbished Equipment 220.127.116.11 Dearth of Skilled and Well-Trained Sonographers 5.3 Industry Trends 5.3.1 Development of Application-Specific Ultrasound Devices 5.4 Pricing Trend Analysis (2015-2017) 5.4.1 North America 5.4.2 Europe 5.4.3 Asia Pacific 5.4.4 Rest of the World 6 Ultrasound Market, By Technology 6.1 Introduction 6.2 Diagnostic Ultrasound 6.2.1 2D Ultrasound 18.104.22.168 Strong Market Demand in Less-Developed and Emerging Countries to Sustain Revenue Growth of 2D Ultrasound Manufacturers 6.2.2 3D and 4D Ultrasound 22.214.171.124 Greater Diagnostic Accuracy & Improved Imaging Capabilities to Boost the Global Market Demand for 3D Ultrasound 6.2.3 Doppler Ultrasound 126.96.36.199 Growing Applications in Pain Management, Emergency Care, and Cardiovascular Imaging to Drive Doppler Ultrasound Market Demand 6.3 Therapeutic Ultrasound 6.3.1 Shockwave Lithotripsy 188.8.131.52 Greater Patient Emphasis on Minimally Invasive Treatment of Kidney & Gall Bladder Stones to Replicate Into Higher Demand for Lithotripsy Products 6.3.2 Focused Ultrasound 184.108.40.206 Greater Clinical Evidence to Establish the Safety & EffiCACy Profile for Various Cancer Treatment to Drive Adoption of Focused Ultrasound 7 Ultrasound Market, By Device Display 7.1 Introduction 7.2 Color Ultrasound 7.2.1 Greater Market Availability of Advanced Color Ultrasound Devices to Drive Their Market Growth Till 2023 7.3 Black and White (B/W) Ultrasound 7.3.1 APAC to Register Sustained Market Demand for B/W Ultrasound Products During the Study Period 8 Ultrasound Market, By System Portability 8.1 Introduction 8.2 Trolley/Cart-Based Ultrasound Systems 8.2.1 Increased Usage for Acute Care & Emergency Care Among Providers to Drive the Market Demand for Trolley Based Systems 8.3 Compact/Handheld Ultrasound Systems 8.3.1 Procedural & Technical Benefits as Well as Device Affordability to Drive Greater Adoption of Compact Ultrasound 8.4 Point-of-Care (POC) Ultrasound Systems 8.4.1 Improved Operational & Clinical EffiCACy to Boost POC Market Growth 9 Ultrasound Market, By Application 9.1 Introduction 9.2 Radiology/General Imaging Applications 9.2.1 Greater Adoption in Image-Guided Surgery/Radiology Procedures to Drive Market Demand 9.3 Cardiology Applications 9.3.1 Rising Prevalence of Cardiac Disorders Across Major Healthcare Markets Will Drive the Market 9.4 Obstetrics/Gynecology Applications 9.4.1 Rising Demand for Uterine Fibroid and Obstetric Application to Boost Market Demand 9.5 Vascular Applications 9.5.1 Vascular Application to Be the Fastest-Growing Application Segment in the Ultrasound Industry 9.6 Urological Applications 9.6.1 Greater Patient Emphasis on Minimally Invasive Medical Procedures to Boost Market Revenues 9.7 Orthopedic and Musculoskeletal Applications 9.7.1 Rising Patient Preference for Effective & Early Disease Diagnosis to Boost Market Growth 9.8 Pain Management Applications 9.8.1 Ultrasound Devices are Increasingly Being Utilized for Trauma & Emergency Care Applications 9.9 Other Applications 10 Ultrasound Market, By End User 10.1 Introduction 10.2 Hospitals, Surgical Centers, and Diagnostic Centers 10.2.1 Significant Number of Ultrasound-Based Medical Procedures Performed Among Major Providers 10.3 Maternity Centers 10.3.1 Increased Usage of 3D, 4D, and Doppler Ultrasound for OB/GYN Applications 10.4 Ambulatory Care Centers 10.4.1 Increasing Number of Minimally Invasive & Emergency Medical Procedures Performed By Accs 10.5 Research and Academia 10.5.1 Growing Number of Industry-Academia Collaborations to Develop Novel Ultrasound Products 10.6 Other End Users 11 Ultrasound Market, By Region 11.1 Introduction 11.2 Europe 11.2.1 Germany 220.127.116.11 Expansion of Application Horizons to Driver Market in the Country 11.2.2 France 18.104.22.168 Growing Patient Emphasis on Minimally Invasive Medical Procedures to Drive Market Demand 11.2.3 UK 22.214.171.124 Increased Geriatric Patients to Be Major Contributor in Market Growth 11.2.4 Italy 126.96.36.199 Improved Reimbursement Scenario & Increasing Researches to Support Overall Market Growth 11.2.5 Spain 188.8.131.52 Low Market Entry Barrier to Drive Revenue Growth of Global Ultrasound Manufacturers 11.2.6 Rest of Europe 11.3 North America 11.3.1 US 184.108.40.206 Increasing Adoption of Novel Ultrasound Technologies to Drive the Market Growth for Portable Platforms 11.3.2 Canada 220.127.116.11 Significant Number of Ultrasound-Based Medical Procedures to Replicate Into Their Sustained Market Demand 11.4 Asia Pacific 11.4.1 China 18.104.22.168 Significant Expansion of Healthcare Infrastructure Coupled With Localized Manufacturing to Drive the Market Growth 11.4.2 Japan 22.214.171.124 Favorable Reimbursement Scenario Coupled With Significant Geriatric Population to Boost the Japanese Market 11.4.3 India 126.96.36.199 Significant Burden for Target Diseases Coupled With Availability of Affordable Devices to Drive Market Growth 11.4.4 Rest of Asia Pacific 11.5 Rest of the World 11.5.1 Latin America 188.8.131.52 Significant Prevalence for Target Conditions to Sustain the Ultrasound Market Demand 11.5.2 Middle East 184.108.40.206 Increased Patient Awareness About Ongoing Technological Advancements to Be the Major Driving Factor 11.5.3 Africa 220.127.116.11 Significant Patient Population for Chronic Diseases to Drive Market Growth 12 Competitive Landscape 12.1 Introduction 12.2 Global Market Share Analysis 12.3 Competitive Scenario 13 Company Profiles (Business Overview, Products Offered, Recent Developments, FutureWise Opinion)* 13.1 Analogic Corporation 13.2 Esaote 13.3 FUJIFILM Holdings Corporation 13.4 General Electric Company 13.5 Hitachi Ltd. 13.6 Koninklijke Philips N.V. 13.7 Mindray Medical International Ltd. 13.8 Siemens AG 13.9 Canon Medical Systems Corporation 13.10 Shimadzu Corporation 13.11 Samsung Electronics 13.12 Carestream Health 13.13 Hologic 13.14 Mobisante, Inc. 13.15 Chison Medical Imaging Inquire further details about this report at: [email protected] About FutureWise Research: We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry – a position secured for far more than the near future. Contact Us: Company Name: FutureWise Research Contact Person: Vinay Thaploo Email: [email protected] Phone: +44 141 628 9353 / +1 970 279 4295 City: Leeds Country: United Kingdom Website: www.futurewiseresearch.com
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