Global Ultrasound Devices Market – Size, Outlook, Trends and Forecast (2024

Global Ultrasound Devices Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

Ultrasound is defined as the sound waves with the frequencies higher than the maximum audible limit of a human hearing. Ultrasound is used in several fields, and ultrasonic devices are used to discover objects and measure distances. Ultrasounds have many advantages as they do not require needles, injections, and incisions and these are generally painless. The types of ultrasound include abdominal ultrasound imaging, pelvic ultrasound imaging, trans abdominal, transvaginal, transrectal, obstetric ultrasound imaging and carotid and abdominal aorta ultrasound imaging.

Portable Ultrasound Market:

By technology, the ultrasound devices market is segmented into diagnostics and therapeutic ultrasound. Among these segments, diagnostic ultrasound accounts for the largest market share owing to the several factors including large-scale use of 2D ultrasound in disease diagnosis, increasing technological advancements in the field of 3D/4D ultrasound and availability of significant medical reimbursements. By device portability, the market is segmented into trolley/cart-based and compact/handheld ultrasound devices. In which compact/handheld ultrasound segment is anticipated to grow at the highest CAGR during the forecast period owing to the ease of operability and expansion in application horizons. By application, the market is classified into radiology/general imaging, cardiology, and some others. Among these segments, the radiology/general imaging application holds the largest market share is owing to the rising incidence of various cancers and growing market availability.

By the end user, the market is segmented into hospitals, diagnostic and surgical centres, academic and research centres

Global Ultrasound Devices Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

and some others. Among these segments, hospitals, diagnostics, and surgical centres hold the largest market share is owing to the rising number of diagnostic imaging procedures performed in hospitals and increasing adoption of minimally invasive procedures in hospitals by the healthcare professionals.

Portable Ultrasound Device Market:

Europe accounts for the largest portable ultrasound market share, and the Asia Pacific is the fastest growing region owing to the increasing public awareness related to procedural benefits of ultrasound, continuously declining prices and continuously rising healthcare expenditure in this region. By types of devices, mobile ultrasound devices segment is anticipated to hold the largest portable ultrasound market size, and cardiology application is the fastest growing segment during the forecast period. The major factors that are driving the growth of the medical diagnostic and therapeutic ultrasound devices market are an ageing population to drive the vascular and cardiology, huge untapped market existing for an ultrasound, long-term effects and high costs prevent patients from opting for radiation-based imaging method and increasing number of healthcare institute and enhanced healthcare infrastructure.

Europe Ultrasound Devices Market

Increasing demand for minimally invasive devices, rising prevalence of cancer and cardiovascular diseases, increasing ageing population and technological advancements are the major factors that are propelling the growth of the Europe ultrasound devices market. However, lack of skilled professionals and use of refurbished instruments are the factors that are hindering the market growth.

Global Ultrasound Devices Market Trends:

Vivid E95 is a premium 4D cardiovascular ultrasound system by General Electric Company, is designed to help patients rise complex healthcare challenges.
Koninklijke Philips N.V‘s Affiniti 70 ultrasound system offers a powerful combination of performance and workflow for quick, confident diagnosis.

Global Ultrasound Devices Market Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial analysis with major competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

The major key players in the Global Ultrasound Devices Market are:

General Electric Company
Koninklijke Philips N.V.
Toshiba Corporation
Siemens AG
Hitachi Ltd.

Along with these companies, there were many other companies considered/cited in the report while analysing the Global Ultrasound Devices Market. These companies hold substantial share-owning to the nature of the industry whereas rest of the market shares are marginal chunks to regional and local level manufacturers. Other players have considerable presence owing to its robust brand image, geographical reach and strong customer base.

growth. Global Ultrasound Devices

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Global Ultrasound Devices Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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