Market Overview:
The global medical ultrasound equipment market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of chronic diseases, rising geriatric population, and technological advancements in medical ultrasound equipment. Based on type, the global medical ultrasound equipment market is segmented into 2D, 3D&4D, and Doppler devices. The 3D&4D devices segment is expected to grow at a higher CAGR than other segments during the forecast period owing to its advantages such as high image quality and ability to capture motion images. Based on application, the global medical ultrasound equipment market is divided into radiology/oncology, cardiology, obstetrics & gynecology, mammography/breast examination (MRE), emergency medicine (EM), and other applications. The radiology/oncology application segment accounted for the largest share of this market in 2017 owing to increasing incidence of cancer across the globe.
Product Definition:
Ultrasound equipment is used to produce images of the inside of the body. Ultrasound waves are high-frequency sound waves that can penetrate human tissue. When these waves hit something solid, such as a tumor or an organ, they bounce back and are picked up by a machine that converts them into an image. Ultrasound is often used to diagnose medical conditions because it is non-invasive and does not use radiation.
2D:
2D is a technique used to create images of diagnostic and surgical importance with the help of ultrasound imaging. The basic components involved in 2D include transducer, probe, and monitor. Transducers are electronic devices that convert acoustic energy into mechanical vibrations or vice versa. They can be internal or external depending upon the type of ultrasound system being used.
3D&4D:
3D&4D technology is used in medical ultrasound equipment to produce two-dimensional and three-dimensional images of the targeted area. The term 3D refers to a visual representation, for example, an ultrasound image may be displayed as a series of horizontal lines on a screen. 4D is an additional fourth dimension that adds onto 3D; it includes time as well as space.
Application Insights:
Based on application, the global medical ultrasound equipment market has been segmented into radiography/oncology, cardiology, obstetrics & gynecology, mammography/breast and emergency medicine. Radiography or imaging accounted for the largest share in 2017 due to increasing usage in pre-operative planning and post-operative monitoring of surgical procedures.
On the other hand, cardiology is expected to witness lucrative growth over the forecast period owing to an increase in demand for cardiac diagnostic equipment by healthcare professionals as well as patients. The growing prevalence of cardiovascular diseases coupled with a rise in number of surgeries demanding advanced imaging techniques is anticipated to boost product demand over the forecast period.
The use of ultrasound helps detect conditions such as heart valve problems early on so that appropriate treatment can be initiated before any major complications occur.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of major players, high disposable income, and availability of advanced products. Moreover, increasing adoption rate for medical imaging technologies such as ultrasound is also expected to drive regional growth over the forecast period. Asia Pacific is expected to grow at a lucrative rate during the forecast period owing to factors such as improving healthcare infrastructure and growing awareness about early diagnosis in emerging countries like India & China & South Korea etc.
The Latin American market was valued at USD X million in 2017 and it is anticipated that it will witness significant growth during the forecast period due with presence of developing economies like Brazil which has one of if not THE most developed healthcare infrastructures compared with other countries around LATAM region (Brazil).
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.8% from 2016 to 2021. This is primarily owing to the increasing number of geriatric population and rising prevalence of lifestyle diseases such as obesity and diabetes. Medical ultrasound equipment are extensively used in minimally invasive surgeries as they provide high-resolution images with minimum tissue damage.
- Technological advancements: Ultrasound technology is constantly evolving, with new features being added regularly. This has resulted in increased adoption of medical ultrasound equipment, especially by hospitals and clinics that want to stay ahead in the competitive healthcare industry landscape. Some of the latest features that have been incorporated into medical ultrasound equipment include 3D/4D imaging, elastography, and contrast-enhanced ultrasonography (CEUS).
- Growing demand for point-of-care diagnostics: The global market for point-of-care diagnostics is projected to grow at a CAGR of 9% from 2016 to 2021 due to the increasing demand for rapid diagnosis across all healthcare settings, including hospitals, clinics, and home care settings . Medical ultrasound equipment are ideally suited for point-of-care diagnostics as they offer fast results with minimal sample preparation time required .
Scope Of The Report
Report Attributes
Report Details
Report Title
Medical Ultrasound Equipment Market Research Report
By Type
2D, 3D&4D, Doppler
By Application
Radiology/Oncology, Cardiology, Obstetrics & Gynecology, Mammography/Breast, Emergency Medicine, Other
By Companies
General Electric (GE), Philips, Siemens, TOSHIBA, Hitachi Medical, Mindray, Sonosite (FUJIFILM ), Esaote, Samsung Medison, Konica Minolta, General Electric (GE), EDAN Instruments
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
219
Number of Tables & Figures
154
Customization Available
Yes, the report can be customized as per your need.
Global Medical Ultrasound Equipment Market Report Segments:
The global Medical Ultrasound Equipment market is segmented on the basis of:
Types
2D, 3D&4D, Doppler
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Radiology/Oncology, Cardiology, Obstetrics & Gynecology, Mammography/Breast, Emergency Medicine, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- General Electric (GE)
- Philips
- Siemens
- TOSHIBA
- Hitachi Medical
- Mindray
- Sonosite (FUJIFILM )
- Esaote
- Samsung Medison
- Konica Minolta
- General Electric (GE)
- EDAN Instruments
Highlights of The Medical Ultrasound Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 2D
- 3D&4D
- Doppler
- By Application:
- Radiology/Oncology
- Cardiology
- Obstetrics & Gynecology
- Mammography/Breast
- Emergency Medicine
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Medical Ultrasound Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Medical ultrasound equipment is a device that uses sound waves to create images of internal body structures. These images can be used to diagnose medical conditions and help doctors treat patients.
Some of the major players in the medical ultrasound equipment market are General Electric (GE), Philips, Siemens, TOSHIBA, Hitachi Medical, Mindray, Sonosite (FUJIFILM ), Esaote, Samsung Medison, Konica Minolta, General Electric (GE), EDAN Instruments.
The medical ultrasound equipment market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medical Ultrasound Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Medical Ultrasound Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Medical Ultrasound Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Medical Ultrasound Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Medical Ultrasound Equipment Market Size & Forecast, 2020-2028
4.5.1 Medical Ultrasound Equipment Market Size and Y-o-Y Growth
4.5.2 Medical Ultrasound Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 2D
5.2.2 3D&4D
5.2.3 Doppler
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Radiology/Oncology
6.2.2 Cardiology
6.2.3 Obstetrics & Gynecology
6.2.4 Mammography/Breast
6.2.5 Emergency Medicine
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Medical Ultrasound Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Medical Ultrasound Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 2D
9.6.2 3D&4D
9.6.3 Doppler
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Radiology/Oncology
9.10.2 Cardiology
9.10.3 Obstetrics & Gynecology
9.10.4 Mammography/Breast
9.10.5 Emergency Medicine
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 2D
10.6.2 3D&4D
10.6.3 Doppler
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Radiology/Oncology
10.10.2 Cardiology
10.10.3 Obstetrics & Gynecology
10.10.4 Mammography/Breast
10.10.5 Emergency Medicine
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 2D
11.6.2 3D&4D
11.6.3 Doppler
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Radiology/Oncology
11.10.2 Cardiology
11.10.3 Obstetrics & Gynecology
11.10.4 Mammography/Breast
11.10.5 Emergency Medicine
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 2D
12.6.2 3D&4D
12.6.3 Doppler
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Radiology/Oncology
12.10.2 Cardiology
12.10.3 Obstetrics & Gynecology
12.10.4 Mammography/Breast
12.10.5 Emergency Medicine
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 2D
13.6.2 3D&4D
13.6.3 Doppler
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Radiology/Oncology
13.10.2 Cardiology
13.10.3 Obstetrics & Gynecology
13.10.4 Mammography/Breast
13.10.5 Emergency Medicine
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Medical Ultrasound Equipment Market: Competitive Dashboard
14.2 Global Medical Ultrasound Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 General Electric (GE)
14.3.2 Philips
14.3.3 Siemens
14.3.4 TOSHIBA
14.3.5 Hitachi Medical
14.3.6 Mindray
14.3.7 Sonosite (FUJIFILM )
14.3.8 Esaote
14.3.9 Samsung Medison
14.3.10 Konica Minolta
14.3.11 General Electric (GE)
14.3.12 EDAN Instruments
