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 Report Overview

The Ultrasound market report is a comprehensive analysis of the Ultrasound Market, drawing on both primary and secondary research methods. It provides a detailed analysis of the global and regional market size and share, as well as an in-depth analysis of the Ultrasound market dynamics and regional insights. This makes the report an invaluable resource for investors and other stakeholders interested in the Ultrasound market.

Ultrasound Market Report Scope and Research Methodology

The report provides a detailed analysis of the Ultrasound market dynamics, including opportunities, restraints, challenges, and drivers. The primary and secondary research methods were used to collect and verify the data for the Ultrasound market report.

Primary research involved interviews with key players in the Ultrasound industry, including companies, suppliers, and distributors. The interviews were conducted to understand the current state of the Ultrasound market, as well as the opportunities and challenges facing the industry.

Secondary research involved a review of industry publications, government reports, and other relevant sources. This research was used to gather additional information about the Ultrasound market, such as market size, trends, and regulations.

The report also includes a SWOT analysis of the Ultrasound industry. The SWOT analysis identifies the strengths, weaknesses, opportunities, and threats facing the industry. This information can be used by businesses to develop strategies to capitalize on the opportunities and mitigate the threats.

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Ultrasound Market Dynamics

The need for healthcare services, including more patient visits, hospital admissions, and surgeries, has surged due to the fast rising prevalence of chronic diseases. For example, according to CDC data from 2022, over 900 million doctor visits, 155 million ER visits, and 45 million outpatient treatments were carried out in the US. This has led to a significant rise in the need for medical imaging equipment, including ultrasound devices for diagnosis and treatment procedures, along with an increase in the percentage of older people with chronic illnesses globally.

Over the past ten years, the technology's applications have expanded to cover clinical fields like gastroenterology, surgery, and musculoskeletal disorders. 

 

 

 

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Ultrasound Market Regional Analysis

The report includes a detailed analysis of several key countries including Ultrasound market size, CAGR, drivers, restraints, opportunities, challenges and a detailed analysis of key players. The regions and the countries covered in the report are:

  • North America (U.S., Canada, Mexico)
  • Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
  • Asia Pacific (China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC)
  • South America (Brazil)
  • The Middle East and Africa

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)

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)

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Key Questions answered in the Ultrasound Market Report are:

  • What is Ultrasound ?
  • What was the Ultrasound Market size in 2022?
  • What will be the CAGR of the Ultrasound market during the forecast period?
  • Which region held the largest Ultrasound market share in 2022?
  • What are the opportunities for the Ultrasound Market?
  • What are the factors driving the Ultrasound market growth?
  • What factors are hampering the Ultrasound market growth?
  • Which company held the largest share in the Ultrasound market?
  • What key trends are likely to emerge in the Ultrasound market in the coming years?
  • What growth strategies are the players considering to increase their presence in Ultrasound Market?

Key offerings:

  • Past Market Size and Competitive Landscape (2018 to 2021)
  • Past Pricing and price curve by region (2018 to 2021)
  • Market Size, Share, Size & Forecast by different segment | 2023−2029
  • Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
  • Market Segmentation – A detailed analysis of segments and sub-segments
  • 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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