Ultrasound Market Business Overview, Industry Share, Size, Consumption Analysis, Future Trends, Top Key Manufacturers

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 Overview:

For the global industry's Ultrasound market analysis, a research team did thorough primary and secondary research. Secondary research was carried out to enhance the existing data, segment the market, estimate overall market size, predict the market size, and growth rate.

Ultrasound Market Scope:

Several methods for determining market value and market growth rate have been developed. Maximize research crew gathered market information and data from a variety of sources to present a more accurate regional view. The country-level analysis of the study is based on an examination of numerous regional stakeholders, regional tax laws and policies, consumer behavior, and macroeconomic data.

 

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Ultrasound Market Segmentation:

By Technology

With a 72% market share, the Diagnostic Ultrasound devices category leads the industry in terms of technology. This is due to the numerous uses in cancer, cardiology, and obstetrics. The need for diagnostic ultrasonography equipment is also anticipated to increase due to technology improvements and the rising prevalence of numerous lifestyle-related illnesses. The desire for more advanced diagnostic tools, such miniaturised 2D and 3D/4D, is also expected to fuel the global market for diagnostic ultrasound equipment. It is further divided into 2D, 3D/4D, and Doppler segments.

By Application

The Radiology/General Imaging Segment, which dominated the market by Application in 2022, is anticipated to continue to rule the market with a 29% share during the forecast period. A wide range of scans, including those of the abdomen, musculoskeletal system, small parts, urology, liver, thyroid, scrotum, bladder, pancreas, kidneys, spleen, and gallbladder, are all included in general imaging, which is less expensive than other applications.

 

By End-User

The Hospital end-user category accounted for the largest revenue share of over 39.5% in 2022 and is anticipated to continue dominating the ultrasound device market with the highest CAGR throughout the course of the forecast period. Two elements that have contributed to the segment's growth are the widespread use of ultrasound technology in medical settings and the rise in people seeking care for a variety of lifestyle-related illnesses. It is predicted that the demand for ultrasound technology in both outpatient and inpatient settings would increase as portable devices become more readily available. Due to the increased adoption of technologically sophisticated imaging systems and the rising number of hospital mergers and acquisitions with other market rivals over the course of the forecast period, the demand for new installations is also predicted to rise.

 

Ultrasound Market Key Players: The key players are

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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Ultrasound Market Regional Analysis:

A country-level study of the Ultrasound Market focuses on segments identified as potentially high-growth, countries with the biggest market share, and nations with the greatest development potential. North America (USA, Canada), South America, Asia Pacific (China, Japan, India, Korea), Europe (Germany, UK, France, Italy), and Other nations are the geographical breakdowns in the Ultrasound Market study.

COVID-19 Impact Analysis on Ultrasound Market:

The study investigates macroeconomic data, market trends, underlying variables, and market attractiveness by segment. COVID-19 (Corona Virus) has an influence on the product industry chain, encompassing upstream and downstream markets, regions, and nations, as well as the future growth of the industry.

 

Key Questions Answered in the Ultrasound Market Report are:

  • Which are the major players in the Ultrasound market?
  • What key trends are likely to emerge in the Ultrasound market in the coming years?
  • What will be the Ultrasound market size by 2027?
  • Which company held the largest share in the Ultrasound market?

 

  1. Ultrasound Market: Research Methodology

 

  1. Ultrasound Market: Executive Summary
  • Market Overview and Definitions
  • Introduction to Ultrasound Market
  • Summary
  • Key Findings
  • Recommendations for Investors
  • Recommendations for Market Leaders
  • Recommendations for New Market Entry

 

  1. Ultrasound Market: Competitive Analysis
  • MMR Competition Matrix
  • Market Structure by region
  • Competitive Benchmarking of Key Players
  • Consolidation in the Market
  • MA by region
  • Key Developments by Companies
  • Market Drivers
  • Market Restraints
  • Market Opportunities
  • Market Challenges
  • Market Dynamics
  • PORTERS Five Forces Analysis
  • PESTLE
  • Regulatory Landscape by region
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South America
  • COVID-19 Impact

 

  1. Ultrasound Market Segmentation
  • Ultrasound Market, by Technology (2023-2029)
  • Ultrasound Market, by Device Display (2023-2029)
  • Ultrasound Market, by Portability (2023-2029)
  • Ultrasound Market, by Application (2023-2029)
  • Ultrasound Market, by End User (2023-2029)

 

  1. Regional Ultrasound Market(2023-2029)
  • Regional Ultrasound Market, by Technology (2023-2029)
  • Regional Ultrasound Market, by Device Display (2023-2029)
  • Regional Ultrasound Market, by Portability (2023-2029)
  • Regional Ultrasound Market, by Application (2023-2029)
  • Regional Ultrasound Market, by End User (2023-2029)
  • Regional Ultrasound Market, by Country (2023-2029)

 

  1. Company Profile: Key players
  • Company Overview
  • Financial Overview
  • Global Presence
  • Capacity Portfolio
  • Business Strategy
  • Recent Developments

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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