Color Ultrasound Diagnostic System Market Report 2024 (Global Edition)

Global Color Ultrasound Diagnostic System Market Report 2024 Market Size Split by Portability (Handheld Doppler Ultrasound System, Trolley-Based Doppler Ultrasound System), by Application (Obstetricia...

Color Ultrasound Diagnostic System Market Report Description

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Competitive Landscape of the Color Ultrasound Diagnostic System Market

The competitive landscape of the Color Ultrasound Diagnostic System market is characterized by a diverse range of players competing to gain market share through Portability innovation, strategic partnerships, and aggressive marketing efforts. Key players in the market include established medical device manufacturers, specialized Color Ultrasound Diagnostic System companies, and emerging start-ups aiming to disrupt the market with innovative solutions.

November 2022: A compact portable ultrasound solution of the next generation was unveiled by Royal Philips at the Radiological Society of North America (RSNA) conference. With the launch of the Compact 5000 Series, more patients will have access to the superior diagnostic quality that comes with high-end cart-based ultrasound devices. (Source:https://www.philips.com/aw/about/news/archive/standard/news/press/2022/20221128-philips-launches-new-compact-ultrasound-system-at-rsna-2022-allowing-first-time-right-diagnosis-for-more-patients.html) March 2022: NovaSignal Corp., a provider of medical technology and data, has received a Medical Device Licence from Health Canada for the NovaGuide Intelligent Ultrasound device. NovaGuide is the only autonomous transcranial Doppler ultrasonography approved for use in Canada. (Source:https://www.neurasignal.com/press/novasignal-receives-health-canada-approval-for-the-novaguide-tm-intelligent-ultrasound)

Top Companies Market Share in Color Ultrasound Diagnostic System Industry: (In no particular order of Rank)

• GE Healthcare
• Canon Medical
• Philips
• Siemens
• Mindray
• Samsung
• Esaote
• SonoScape
• Hitachi Medical Corporation (Fujifilm)
• Konica Minolta
• CHISON Medical Technologies Co
• Clarius
• Sonostar
• Edan Medical
• Landwind Medical
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Color Ultrasound Diagnostic System Market

Which Region Dominates the Color Ultrasound Diagnostic System Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue due to North America being home to some of the world's most sophisticated healthcare infrastructures, including reputable hospitals, universities, and research institutes. The strong healthcare system in the area encourages early implementation of cutting-edge medical technology, such as color ultrasound diagnostic devices, which propels market expansion. North America spends a significant percentage of its GDP on healthcare, which makes it possible to invest in cutting-edge diagnostic and medical technology. The need for diagnostic imaging services is driven by healthcare providers' ability to extend their offerings, modernize their current infrastructure, and purchase cutting-edge color ultrasound devices thanks to increased healthcare spending.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific stands out as the fastest-growing region in the Color Ultrasound Diagnostic System market due to several compelling reasons. ? The population of the Asia Pacific area is vast and diversified, with a growing middle class and a significant percentage of older adults who require more healthcare. In order to facilitate early detection, diagnosis, and treatment, there is an increasing need for diagnostic imaging solutions such as color ultrasound systems as a result of the rising frequency of persistent illnesses like diabetes, cancer, and cardiovascular ailments.

 

The current report Scope analyzes Color Ultrasound Diagnostic System Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Color Ultrasound Diagnostic System

According to Cognitive Market Research, the global Color Ultrasound Diagnostic System market size was estimated at USD 8158.2 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 3263.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Color Ultrasound Diagnostic System market with a market size of USD 2574.73 million in 2024 and is projected to grow at a CAGR of 4.0% during the forecast period. Prominent US medical equipment manufacturers are always creating and releasing new color ultrasound systems with enhanced features and mobility.
• The Canada Color Ultrasound Diagnostic System market had a market share of USD 391.59 million in 2024 and is projected to grow at a CAGR of 5.0% during the forecast period. Chronic illness rates are rising as the population of Canada is aging. This increases the demand for sophisticated diagnostic devices such as color ultrasound systems.
• The Mexico Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 296.96 million in 2024.

Europe Color Ultrasound Diagnostic System

According to Cognitive Market Research, the global Color Ultrasound Diagnostic System market size was estimated at USD 8158.2 Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD 2447.46 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031.

• The United Kingdom Color Ultrasound Diagnostic System market had a market share of USD 411.17 million in 2024 and is projected to grow at a CAGR of 5.3% during the forecast period. Effective healthcare delivery is a top priority for the National Health Service (NHS). Investing in diagnostic technology, such as color ultrasound scanners, can save total healthcare expenditures and enhance patient care.
• The France Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD 225.17 million in 2024.
• According to Cognitive Market Research, the German Color Ultrasound Diagnostic System market size was valued at USD 484.60 million in 2024 and is projected to grow at a CAGR of 4.7% during the forecast period. In Germany, prompt and precise diagnosis is highly valued. Because of its outstanding viewing capabilities and non-invasive nature, color ultrasonography is perfect for a wide range of diagnostic applications.
• The Italy Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 3.9% during the forecast period, with a market size of USD 210.48 million in 2024.
• The Russia Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD 379.36 million in 2024.
• The Spain Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 3.6% during the forecast period with a market size of USD 200.69 million in 2024
• The Luxembourg Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD 75.87 million in 2024.
• The Portugal Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 51.40 million in 2024.
• The Greece Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 29.37 million in 2024.
• Rest of Europe's Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 379.36 million in 2024.

Asia Pacific Color Ultrasound Diagnostic System

According to Cognitive Market Research, the global Color Ultrasound Diagnostic System market size was estimated at USD 8158.2 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 1876.39 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.

• According to Cognitive Market Research, the China Color Ultrasound Diagnostic System market size was valued at USD 844.37 million in 2024 and is projected to grow at a CAGR of 7.5% during the forecast period. Increasing the number of illnesses like cardiovascular disease and diabetes in China. Ultrasound is a crucial tool for effective diagnosis and management.
• The Japan Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 258.94 million in 2024.
• The India Color Ultrasound Diagnostic System market had a market share of USD 225.17 million in 2024 and is projected to grow at a CAGR of 9.8% during the forecast period. The increasing number of clinics, hospitals, and diagnostic centers generates a need for ultrasonography equipment to serve their patient populations.
• The South Korea Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 7.1% during the forecast period, with a market size of USD 187.64 million in 2024.
• The Australia Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 97.57 million in 2024.
• The South East Asia Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 9.0% during the forecast period, with a market size of USD 129.47 million in 2024.
• The Rest of the Asia Pacific Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 133.22 million in 2024.

South America Color Ultrasound Diagnostic System

According to Cognitive Market Research, the global Color Ultrasound Diagnostic System market size was estimated at USD 8158.2 Million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 407.91 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Color Ultrasound Diagnostic System market size was valued at USD 174.59 million in 2024 and is projected to grow at a CAGR of 6.0% during the forecast period. Color Ultrasound Diagnostic System sales flourish in Brazil due to in Brazil, the prevalence of chronic illnesses, including cancer and heart disease, rising. A useful technique for the early diagnosis and monitoring of these disorders is color ultrasonography.
• Argentina Color Ultrasound Diagnostic System market had a market share of USD 68.53 million in 2024 and is projected to grow at a CAGR of 6.3% during the forecast period. The need for portable and handheld color ultrasound equipment is driven by the use of point-of-care ultrasonography in emergency rooms, critical care units, and outpatient settings.
• Colombia Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 36.30 million in 2024.
• Peru Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 5.6% during the forecast period, with a market size of USD 33.45 million in 2024.
• Chile Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 5.7% during the forecast period, with a market size of USD 29.37 million in 2024.
• The Rest of the Latin America Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD 65.67 million in 2024.

Middle East and Africa Color Ultrasound Diagnostic System

According to Cognitive Market Research, the global Color Ultrasound Diagnostic System market size was estimated at USD 8158.2 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 163.16 million in 2024. It will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.

• The GCC Countries Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD 69.83 million in 2024. Portable and remotely accessible color ultrasound devices are becoming more and more necessary for remote diagnosis and virtual consultations due to the growing popularity of telemedicine services, especially in rural and distant places.
• The Egypt Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 6.0% during the forecast period, with a market size of USD 17.13 million in 2024.
• The South Africa Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 25.78 million in 2024. Color Ultrasound Diagnostic System sales flourish in South Africa due to the Increasing prevalence of lifestyle-related diseases.
• The Turkey Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 5.2% during the forecast period, with a market size of USD 14.03 million in 2024.
• The Nigeria Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 4.8% during the forecast period, with a market size of USD 17.13 million in 2024.
• The Rest of the MEA Color Ultrasound Diagnostic System market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 19.25 million in 2024.

Color Ultrasound Diagnostic System Market Analysis

Color Ultrasound Diagnostic System Market Portability Segment Analysis

According to Cognitive Market Research, Handheld Doppler Ultrasound Systems are the dominating category. The circulation of blood through veins and arteries is tracked using handheld Doppler ultrasonography devices to diagnose peripheral vascular disorders. By monitoring blood flow velocities and looking for anomalies like thrombosis or embolism, clinicians can utilize Doppler probes to diagnose peripheral artery disease (PAD), venous insufficiency, and arterial stenosis. To evaluate the health of the fetus and track its heart rate during pregnancy, fetal Doppler monitoring is performed using portable Doppler ultrasound equipment. In order to diagnose fetal distress or intrauterine growth restriction (IUGR), Doppler probes are applied to the mother's belly to measure umbilical artery blood flow and detect fetal heart activity.

Trolley-based Doppler Ultrasound System is the fastest-growing category in the Color Ultrasound Diagnostic System market. Trolley-based cardiovascular imaging, such as echocardiography, uses Doppler ultrasound equipment extensively to evaluate the anatomy, function, and hemodynamics of the heart. Physicians may see blood flow patterns, valves, and heart chambers via Doppler imaging, which helps with the diagnosis and treatment of a number of cardiac disorders, including congenital heart abnormalities, cardiomyopathies, and valvular heart disease.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Color Ultrasound Diagnostic System Industry. Request a Free Sample PDF!

Color Ultrasound Diagnostic System Market Application Segment Analysis

According to Cognitive Market Research, the dominating category is Obstetrician-Gynecologist. Color ultrasound systems are essential to obstetric imaging because they make the growing fetus, placenta, and mother's anatomy visible. Ultrasound imaging is a tool that OB/GYNs use to diagnose disorders like molar pregnancy or ectopic pregnancy, as well as to confirm pregnancy, assess fetal viability, and establish gestational age. In order to inform clinical care and obstetric procedures, obstetric ultrasonography also aids in assessing fetal presentation, placental position, and amniotic fluid levels.

The fastest-growing category in the Color Ultrasound Diagnostic System market is Radiology. Radiologists evaluate the liver, gallbladder, pancreas, kidneys, spleen, and other abdominal organs using color ultrasound technology. To identify liver and kidney diseases, assess biliary channels, diagnose gallstones, pancreatic masses, and abdominal cysts, as well as direct interventional treatments like liver biopsy or abdominal drainage, radiologists use ultrasound imaging.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Color Ultrasound Diagnostic System End Users Segment Analysis

According to Cognitive Market Research, the dominating category is the Hospitals. In the radiology department of hospitals, color ultrasound systems are widely used for a variety of imaging applications, such as vascular, musculoskeletal, breast, thyroid, hip, and abdomen imaging. Radiologists use ultrasound imaging as part of comprehensive patient care for image-guided operations, screening exams, and diagnostic assessments.

The fastest-growing category in the Color Ultrasound Diagnostic System market is Diagnostic Centers. Diagnostic facilities use color ultrasound devices to perform specialized imaging investigations to assess certain medical disorders, organs, or systems. Specialized ultrasound investigations, including fetal biometry, fetal echocardiography, transvaginal ultrasound, breast ultrasound with elastography, carotid artery Doppler, and musculoskeletal ultrasound, for instance, may be provided by diagnostic centers. For these specialized investigations to produce precise and comprehensive diagnostic data, color ultrasound equipment's excellent imaging capabilities are necessary.

• Hospitals
• Clinics
• Diagnostic Centers
• Ambulatory Settings
• Others

Author's Detail

Manjiri Kanhere

Senior Research Associate at Cognitive Market Research

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Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.

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