Ultrasound Devices Market Assessment, By Product Type [Diagnostic Ultrasound Systems- 2D, 3D and 4D, 5D, Doppler; Therapeutic Ultrasound- High-intensity focused ultrasound, Extracorporeal shockwave lithotripsy], By Portability [Trolley/Cart-Based Ultrasound Devices, Compact/Handheld Ultrasound Devices], By Type of Devices Display [Colour Ultrasound Devices, Black and White Ultrasound Devices], By End-User [Hospitals, Diagnostic centre, Ambulatory Care Centres, Surgical Centres, Others], By Application [Radiology, Cardiology, Obstetrics & Gynecology, Gastroenterology, Urology, Others], By Distribution Channel[ Online, Offline-Distributor, Manufacturer, Others], By Region, Opportunities, and Forecast, 2016-2030F

Global Ultrasound Devices Market was valued at USD 7.74 billion in 2022 and is anticipated to witness a CAGR of 5.69% during the forecast period 2023-2030.

Home>Industry Reports>Ultrasound Devices Market Assessment, Opportunities, and Forecast, 2016-2030F

Global Ultrasound Devices Market was valued at USD 7.74 billion in 2022 and is anticipated to witness a CAGR of 5.69% during the forecast period 2023-2030. Increased demand for less invasive diagnostic procedures, the increasing incidence of long-term illnesses coupled with usage of ultrasound technology outside standard diagnostic imaging are the major factors propelling the ultrasound devices market, globally.

Technological advancement such as incorporation of artificial intelligence (Al) while conducting time-consuming tasks have brought revolutionary changes in the medical practice. AI-based solutions are being executed to improve patient outcomes, accuracy of diagnoses and supports in decision making. The use of deep learning in medical imaging helps the patient get a smooth and personalized experience during the treatment journey.

Technological Advancements

The global ultrasound devices market has seen a significant advancement in technology in recent years. Some of the notable technological advancements that have impacted the market include, Artificial intelligence (AI) and machine learning, volumetric ultrasound which have improved the accuracy and efficiency of ultrasound scans, making them a valuable tool in the diagnosis and treatment of medical conditions. These advancements are likely to continue to shape the global ultrasound devices market in the future.

Increased Investment in Healthcare Facilities                                                         

The expansion of the global market for ultrasound equipment is being fueled by rising healthcare facility investment. Ultrasound devices are extensively used in healthcare facilities for various purposes, including diagnostic imaging, monitoring of fetal development during pregnancy, and therapeutic procedures. The global population is growing and aging, which is leading to a greater need for diagnostic imaging services to detect and monitor various health conditions. The growing investment in healthcare facilities for ultrasound devices is expected to continue driving market growth in the coming years.

Governments worldwide, are investing and sanctioning fundings for the development of healthcare facilities in rural areas of the nations to offer a healthier wellbeing to its citizens. For example, in October 2022, the U.S. Department of Agriculture (USDA) stated to grant $110 million for the improvement of medical facilities in rural areas of the country in order to improve the infrastructural facilities of the hospitals and clinics in rural areas.

Impact of COVID-19 on Global Ultrasound Devices Market

The COVID-19 pandemic has had a significant impact on the global ultrasound devices market. While the demand for ultrasound devices has increased due to the need for diagnosis and monitoring of COVID-19 patients, the supply chain disruptions and decreased patient footfall in healthcare facilities have affected the overall market. Overall, the impact of the COVID-19 pandemic on the global ultrasound devices market has been mixed. While there has been an increased demand for portable ultrasound devices, the disruptions in the supply chain and delayed elective procedures have affected the market negatively. The post-pandemic phase, however, is anticipated to put the market back on track.

Impact of Russia-Ukraine War on Global Ultrasound Devices Market

However, in general, it is unlikely that a political conflict between two countries would directly impact the global ultrasound devices market. The market for ultrasound devices is driven primarily by factors such as technological advancements, increasing demand for non-invasive diagnostic procedures, and growing prevalence of chronic diseases. While political conflicts may indirectly affect the economy and healthcare systems of the countries involved, they typically do not have a direct impact on the supply and demand of medical devices in the global market. However, it is worth noting that trade sanctions or restrictions on the import and export of medical devices could potentially have an impact on the availability and cost of ultrasound devices in certain regions.

Report Scope

“Global Ultrasound Devices Market Assessment, Opportunities, and Forecast, 2016-2030F”," is a comprehensive report by Markets & Data, providing in-depth analysis and assessment of the current state of affairs of the Ultrasound Devices market in Global, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine War impact, opportunities, and forecasts (2023–2030). Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute

Details

Base Year for Analysis

2022

Historical Period

2016-2022

Forecast Period

2023-2030

Projected Growth Rate

CAGR of 5.69% from 2023-2030

Revenue Forecast in FY2030

USD 11.4 Billion

Units

Revenue in USD Billion and Volume in Unit Thousands

Segments Covered

·         By Type

·         By Portability

·         By Display

·         By End-User

·         By Application

·         By Distribution channel 

Regions Covered

·         North America

·         Europe

·         Latin America

·         Asia Pacific

·         Middle East and Africa

 

Key Companies Profiled

GE Healthcare Technologies Inc., Veradigm LLC (Allscripts Healthcare Solutions, Inc.), Mindray Medicals International Ltd., Carestream Health, Siemens Healthineers, Esaote S.P.A, Samsung Medison Co. Ltd, Konica Minolta Inc., Koninklijke Philips N.V., Chison Medical Technologies Co. Ltd.

Customization Scope

15% free report customization with purchase.

Pricing and Purchase Options

Avail the customized purchase options to fulfil your precise research needs.

Delivery Format

PDF and excel through email (subject to the license purchased)

 

In this report, Global Ultrasound Devices Market has been segmented into following categories:

1.       Global Ultrasound Devices Market, By Type

1.1.    Diagnostic Ultrasound Systems

1.1.1.2D, 3D and 4D

1.1.2.5D

1.1.3.Doppler

1.2.    Therapeutic Ultrasound

1.2.1.High-intensity focused ultrasound

1.2.2.Extracorporeal shockwave lithotripsy              

2.       Global Ultrasound Devices Market, By Portability

2.1.    Trolley/Cart-Based

2.2.    Compact/Handheld

3.       Global Ultrasound Devices Market, By Display

3.1.    Coloured

3.2.    Black and White

4.       Global Ultrasound Devices Market, By End-User

4.1.    Hospitals

4.2.    Diagnostic centres

4.3.    Ambulatory Care Centres

4.4.    Surgical Centres

4.5.    Research and Academic Institutes

4.6.    Others

5.       Global Ultrasound Devices Market, By Application

5.1.    Radiology

5.2.    Cardiology

5.3.    Obstetrics & Gynaecology

5.4.    Gastroenterology

5.5.    Urology

5.6.    Others

6.       Global Ultrasound Devices Market, By Distribution Channel

6.1.    Online

6.2.    Offline

6.2.1.Distributor

6.2.2.Manufacturer

6.2.3.Others    

7.       Global Ultrasound Devices Market, By Region

7.1.    North America

7.2.    Europe

7.3.    Latin America

7.4.    Asia Pacific

7.5.    Middle East and Africa

Key Player Landscape and Outlook

To grow their client base and capture a greater market share, the key companies are attempting to enhance their product offerings by updating their products, taking advantage of crucial collaboration activities, and exploring acquisitions and government clearances.

For Instance, in March 2021, GE Healthcare unveiled Vscan Air, a portable pocket-sized ultrasound that offers professionals a whole-body scanning capability, crystal-clear picture quality, and user-friendly software, all in the palm of their hands.

Key Players operating in Global Ultrasound Devices Market

·         GE Healthcare Technologies Inc.

·         Veradigm LLC (Allscripts Healthcare Solutions, Inc.) 

·         Mindray Medicals International Ltd.

·         Carestream Health

·         Siemens Healthineers

·         Esaote S.P.A

·         Samsung Medison Co. Ltd

·         Konica Minolta Inc.

·         Koninklijke Philips N.V.

·         Chison Medical Technologies Co. Ltd.

If you can't find what you're searching for or have any custom requirements for Global Ultrasound Devices Market, you may approach our team at info@marketsandata.com

Frequently Asked Questions

What are the major drivers for the Global Ultrasound Devices Market?

arrowup
Heart

South Korea AI in Medical Diagnostics Market Assessment, Opportunities and Forecast, FY2017-FY2031F

South Korea AI in medical diagnostics market is expected to grow significantly due to government support, the presence of market leaders like Samsung, high adoption rates of AI in medical systems, and the country's strong capabilities in developing e....Read More

Published on

October 2024

3,300

Heart

Global Veterinary API Market Assessment, Opportunities and Forecast, FY2017-FY2031F

The global veterinary API market is expected to witness significant growth in the coming years. This growth is supported by the rising investments towards the development of vaccines, increasing adoption of pets and growing prevalence of zoonotic dis....Read More

Published on

October 2024

4,500

Heart

Global Ultrasound Needle Guides Market Assessment, Opportunities and Forecast, FY2017-FY2031F

The growth of the global ultrasound needle guides market is boosted by the increasing prevalence of chronic diseases and novel product launches by the key players of the market.....Read More

Published on

October 2024

4,500

Heart

UAE Gene Therapy Market Assessment, Opportunities and Forecast, FY2017-FY2031F

The growth of the UAE gene therapy market is augmented by the rising collaborations between Abu Dhabi Department of Health and biotech companies and increasing investments towards research activities to bolster the development and availability of gen....Read More

Published on

October 2024

3,300

Purchase Options

USD ($)

arrowdown

i

2,760

3,000

8%

i

4,050

4,500

10%

i

5,016

5,700

12%

i

6,970

8,200

15%

Tired of Searching?

Looking for Customization?

Some other doubt?

Need insights from a cohort?

REACH US

    icon_Five
    17, Okhla Industrial Estate Phase 3 Rd, Okhla Phase III, Okhla Industrial Estate, New Delhi, Delhi 110020
    call_Two
    +91 11 42343567
    icon_Six
    info@marketsandata.com
icon_Seven
5741 Cleveland street, Suite 120, VA beach, VA, USA 23462
call_Three
+1 (757) 343-3258
icon_Eight
190 Middle Road, # 14-10 Fortune Centre, Singapore -188979