Global Ultrasound
Market Report
2024
The ultrasound market size was valued at $ 6.5 billion in 2021 and will meet $ 9.1 billion in 2030, with a CAGR of 6.1% during the forecast period.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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The ultrasound market size was valued at $ 6.5 billion in 2021 and will meet $ 9.1 billion in 2030, with a CAGR of 6.1% during the forecast period.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Ultrasound Market Sales Revenue 2021 | $ 6.5 Billion |
Global Ultrasound Market Sales Revenue 2026 | $ 9.1 Billion |
Global Ultrasound Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.1% |
Market Split by Technology |
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Market Split by Portability |
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Market Split by End-User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Ultrasound Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Ultrasound is a technique that helps to take an image of the internal body. Ultrasound used high frequency sound waves to examine the inside of the body. It provides a real-time image of the person’s body. It also helps to show the movement of blood flow through the blood vessels. Ultrasound is done with conditions like abdomen & pelvic organs, musculoskeletal problem and vascular system and during the pregnancy to examine the foetal development. Ultrasound is subdivided into two parts anatomical and functional. Anatomical ultrasound is used to examine the internal body. Where functional ultrasound is used to provide the information of the movement inside the body.
The requirement for healthcare services has increased due to the expanding incidence of chronic diseases worldwide. For example, according to the CDC study, there were 45 million outpatient procedures performed in the US in 2019 and more than 900 million visits to doctors' offices and emergency rooms. The number of elderly people suffering from chronic diseases is increasing, which has led to significantly higher demand for medical equipment.
The technology behind diagnostic ultrasound technology is cutting edge. As a result, they require ongoing maintenance, which has a detrimental effect on market expansion. These devices can fail to record images that are clean and detect disease abnormalities. The lack of highly skilled workers, particularly in countries with middle-incomes, has a detrimental effect on market expansion.
By automatically altering parameters to give excellent imaging for doctors on their mobile devices with Apple and Android phones and tablets without the need to learn complicated knobs and buttons, AI advancements have made today's handheld ultrasound equipment easier to use.
The possibilities of the use of ultrasound will become infinite when open platforms start to appear over the next few years, enabling higher-quality and specialized artificial intelligence (AI) algorithms to be implemented at the point of treatment in any clinical setting. By offering speedy diagnosis for a variety of medical specializations, AI will eliminate guesswork and lower operator variability, minimising the number of false positives by a factor.
Electrocardiograms (ECGs), a technology that can save lives, have evolved into consumer gadgets for extremely specialised applications. Genecology has already begun incorporating patient-centred ultrasound imaging, related to businesses like Turtle Health that enable at-home tests to hasten conception planning and treatments. Obstetrics, numerous chronic diseases, and wellness applications will soon be added to this.
Several advances in the ultrasound business that were previously noticeable have been amplified by COVID-19. Political and economic difficulties as well as the emergence and advancement of ultrasonic technology will all be exacerbated by the epidemic. Since they are proving to be so useful in combating the pandemic, portable and POC ultrasound equipment are anticipated to gain in popularity. Vendors of artificial intelligence are also working on solutions to assist healthcare practitioners in meeting the needs of the health crisis. Long after the epidemic, these solutions will probably improve ultrasound technology. While COVID-19 looks to have significantly changed the ultrasound market's scenario on the surface, the majority of the predicted outcomes will be based on patterns that characterised 2019.
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In order to create a system of AI-assisted technologies, St. Luke's University Health Network teamed up with GE Healthcare to deploy 76 ultrasound equipment. This is GE's biggest single ultrasound order ever made in the United States.
Ambra health and butterfly network has announces the partnership
Ambra Health and Butterfly Network, Inc. recently established a cooperation to speed up and optimize the transfers of bedside imaging data. Through this alliance, Butterfly Blueprint, the company's enterprise platform, will be more scalable. It will also improve hospitals and health systems' access to and ability to share critical ultrasound data.
GE Healthcare put forward Vscan Air in March 2021, a portable, pocket-sized ultrasound that offers clinicians a whole-body scanning capability, great visual clarity, and user-friendly software. The Vscan Air continues the company's drive for innovation and reinvents clinical evaluation by making it easier to capture high-quality ultrasound images.
Top Companies Market Share in Ultrasound Industry: (In no particular order of Rank)
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North America market size is valued at US$ 12 billion in 2022:
North America led the market and had the highest revenue share. The area is projected to witness significant growth during the predicted period. One of the main drivers of market expansion in the region is the existence of a substantial number of market rivals in the area, as well as the increasing prevalence of cancer cases. For instance, according to the National Cancer Institute, 1,806,590 new cases of cancer are expected to be discovered in the United States in 2020. The high rate of modern technology adoption in the area is also increasing demand for ultrasound equipment. Due to the rising need for better imaging devices, the market in Asia Pacific is anticipated to grow at the quickest CAGR over the forecast period. Furthermore, industry players are using a variety of tactics to establish their footing in the area
The current report Scope analyzes Ultrasound 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
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Global Ultrasound Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Ultrasound Industry growth. Ultrasound market has been segmented with the help of its Technology, Portability End-User, and others. Ultrasound market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on technology, the ultrasound market is subdivided into 2D, 3D & 4D doppler imaging. The 2D market segment now has the greatest shares of the market and is predicted to retain this position during the projected period. The use of 2D ultrasounds during pregnancy is crucial. It produces an image in black and white that shows the baby's skeletal system and clearly outlines its internal organs. It is typically used to make a health diagnosis for infants. Additionally, 2D ultrasounds are inexpensive and widely accessible within the market. As a result, the market is seeing an increase in demand for 2D ultrasounds
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The Portability ultrasound market is divided into handheld devices and trolley-based devices. With the biggest market value share in 2022, the trolley-based segment dominated the industry. In hospitals and screening facilities, trolley-based diagnostic ultrasounds are simple to move from one location to another. This is perfect for medical equipment like fetal monitors, patients monitor, ECG devices, and other devices. This makes it convenient for medical professionals to diagnose patients who are bedridden at their side without interfering with their treatment. Trolley-based ultrasounds can also be used by small clinics and medical professionals because they are affordable and take up less room.
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Based on end-users, the ultrasound market is divided into hospitals, ambulatory care centres. With the largest market's share in 2022, the hospital segment presided over the healthcare sector. The need for therapeutic ultrasounds is expanding as a result of an increasing number of hospitals and the burden of chronic diseases. In addition, because of the rise in persistent illness and their diagnosis, regional clinics and multidisciplinary hospitals are quickly implementing diagnostic ultrasounds.
Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Ultrasound Market is witnessing significant growth in the near future.
In 2023, the 2D segment accounted for noticeable share of global Ultrasound Market and is projected to experience significant growth in the near future.
The Hand held devices segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies GE healthcare , Esaote and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Technology | 2D, 3D, 4D, Doppler imaging |
Portability | Hand held devices, Trolly based devices |
End-User | Hospital, Ambulatory care centre, other |
List of Competitors | GE healthcare, Siemens healthcare, Esaote, Canon medical system, Hitachi, Carestream, Analogic corporation, Terason |
This chapter will help you gain GLOBAL Market Analysis of Ultrasound. Further deep in this chapter, you will be able to review Global Ultrasound Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Technology Analysis 2019 -2031, will provide market size split by Technology. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Technology Analysis 2019 -2031
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Chapter 11 Market Split by Portability Analysis 2019 -2031
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Chapter 12 Market Split by End-User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Ultrasound market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why 2D have a significant impact on Ultrasound market? |
What are the key factors affecting the 2D and 3D of Ultrasound Market? |
What is the CAGR/Growth Rate of Hand held devices during the forecast period? |
By type, which segment accounted for largest share of the global Ultrasound Market? |
Which region is expected to dominate the global Ultrasound Market within the forecast period? |
Segmentation Level Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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