Market Overview:
The global next generation ultrasound systems market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries and rising prevalence of chronic diseases. Additionally, technological advancements in ultrasound systems are also contributing to the growth of this market. On the basis of type, the global next generation ultrasound systems market can be segmented into hardware and software. The hardware segment is further sub-segmented into scanners and probes. The software segment is further sub-segmented into image processing software and reporting software. On the basis of application, the global next generation ultrasound systems market can be divided into hospitals, diagnostics laboratories and imaging centers, clinics, ambulatory surgical centers (ASCs), and others (including research institutes).
Product Definition:
Next Generation Ultrasound Systems are the next generation of ultrasound systems that offer more advanced features and capabilities than traditional ultrasound systems. They are important because they allow healthcare providers to obtain more accurate and comprehensive diagnostic information, which can help them make better treatment decisions for their patients.
Hardware:
Hardware is the part of a system that can be divided into two parts: Physical and Logical. The physical hardware includes ultrasound imaging devices, whereas logical hardware includes all other devices required to run an ultrasound system such as cables, transducers, processors & software etc. Ultrasound systems are used for diagnostic imaging in various specialties including cardiology, obstetrics & gynecology and musculoskeletal among others.
Software:
Software is the part of next-generation ultrasound systems that controls and monitors the overall system. It helps in collecting, processing, and displaying diagnostic images. The software used in these devices help to collect data from various sources such as a human body and use it to create a series of stills or videos for diagnostic purposes.
Application Insights:
Based on application, the global next generation ultrasound systems market is segmented into hospitals, diagnostics laboratories and imaging centers, clinics, and ambulatory surgical centers. The hospital segment dominated the overall market in terms of revenue in 2017. This can be attributed to factors such as increasing prevalence of chronic diseases that require frequent monitoring by healthcare professionals for early diagnosis and effective treatment. Furthermore, an increase in number of surgeries has led to increased demand for diagnostic devices that are capable of providing accurate diagnosis at a lower cost than conventional methods.
The diagnostics laboratory and imaging center segments are expected to witness significant growth over the forecast period owing to rising demand for NGS-based genetic testing services offered by these facilities along with an increase in utilization rates across various applications including prenatal screening tests & carrier detection during pregnancy among others.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced medical devices, and increasing demand for technologically advanced products are some factors driving the regional growth. Moreover, growing preference for outpatient settings over inpatient settings is expected to further fuel the demand during the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising geriatric population and improving economic conditions leading to increased disposable income levels among people. In addition, government initiatives encouraging people from low-income groups to higher education are likely contribute significantly towards market development during the estimated time frame. Furthermore, an increase in awareness regarding ultrasound imaging and its applications has also contributed significantly towards regional growth since last few years due to various seminars & conferences organized on a regular basis across Asia Pacific countries such as India & China & Australia etc.
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 due to the advantages offered by these procedures over traditional open surgery, such as shorter hospital stays, reduced pain and blood loss, and faster recovery times. Ultrasound systems are an integral part of minimally invasive surgeries and are used for various applications such as guidance during needle insertion or biopsy, tumor detection and characterization, etc.
- Growing demand for point-of-care ultrasound systems: The global market for point-of-care ultrasound systems is expected to grow at a CAGR of 9% from 2016 to 2021. These systems offer several benefits over traditional diagnostic ultrasound machines such as portability, low cost of ownership, easy operability, etc., which has led to their increasing adoption in hospitals and clinics worldwide. Ultrasound technology plays an important role in the diagnosis of various medical conditions such as heart disease, pneumonia, appendicitis,, etc., making it a key component of point-of-care testing protocols.
Scope Of The Report
Report Attributes
Report Details
Report Title
Next Generation Ultrasound Systems Market Research Report
By Type
Hardware, Software
By Application
Hospitals, Diagnostics Laboratories and Imaging centers, Clinics, Ambulatory Surgical centers
By Companies
Siemens AG, GE Healthcare, Toshiba medical systems Cooperation, TELEMED Medical Systems, Esaote SpA, Medgyn Products, Inc., VINNO Technology (Suzhou) Co,.Ltd, Teratech Corporation, CHISON Medical Technologies Co., Ltd., Carestream Health, Koninklijke Philips N.V
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
184
Number of Tables & Figures
129
Customization Available
Yes, the report can be customized as per your need.
Global Next Generation Ultrasound Systems Market Report Segments:
The global Next Generation Ultrasound Systems market is segmented on the basis of:
Types
Hardware, Software
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
Hospitals, Diagnostics Laboratories and Imaging centers, Clinics, Ambulatory Surgical centers
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:
- Siemens AG
- GE Healthcare
- Toshiba medical systems Cooperation
- TELEMED Medical Systems
- Esaote SpA
- Medgyn Products, Inc.
- VINNO Technology (Suzhou) Co,.Ltd
- Teratech Corporation
- CHISON Medical Technologies Co., Ltd.
- Carestream Health
- Koninklijke Philips N.V
Highlights of The Next Generation Ultrasound Systems 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:
- Hardware
- Software
- By Application:
- Hospitals
- Diagnostics Laboratories and Imaging centers
- Clinics
- Ambulatory Surgical centers
- 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 Next Generation Ultrasound Systems 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?
Next Generation Ultrasound Systems are ultrasound machines that use more powerful and efficient technology than traditional ultrasound machines. They can be used to diagnose medical conditions such as cancer, heart disease, and childbirth.
Some of the major players in the next generation ultrasound systems market are Siemens AG, GE Healthcare, Toshiba medical systems Cooperation, TELEMED Medical Systems, Esaote SpA, Medgyn Products, Inc., VINNO Technology (Suzhou) Co,.Ltd, Teratech Corporation, CHISON Medical Technologies Co., Ltd., Carestream Health, Koninklijke Philips N.V.
The next generation ultrasound systems market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Next Generation Ultrasound Systems 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 Next Generation Ultrasound Systems Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Next Generation Ultrasound Systems 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 Next Generation Ultrasound Systems 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 Next Generation Ultrasound Systems Market Size & Forecast, 2018-2028 4.5.1 Next Generation Ultrasound Systems Market Size and Y-o-Y Growth 4.5.2 Next Generation Ultrasound Systems Market Absolute $ Opportunity
Chapter 5 Global Next Generation Ultrasound Systems 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 Next Generation Ultrasound Systems Market Size Forecast by Type
5.2.1 Hardware
5.2.2 Software
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Next Generation Ultrasound Systems 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 Next Generation Ultrasound Systems Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Diagnostics Laboratories and Imaging centers
6.2.3 Clinics
6.2.4 Ambulatory Surgical centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Next Generation Ultrasound Systems 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 Next Generation Ultrasound Systems 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 Next Generation Ultrasound Systems Analysis and Forecast
9.1 Introduction
9.2 North America Next Generation Ultrasound Systems 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 Next Generation Ultrasound Systems Market Size Forecast by Type
9.6.1 Hardware
9.6.2 Software
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 Next Generation Ultrasound Systems Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Diagnostics Laboratories and Imaging centers
9.10.3 Clinics
9.10.4 Ambulatory Surgical centers
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 Next Generation Ultrasound Systems Analysis and Forecast
10.1 Introduction
10.2 Europe Next Generation Ultrasound Systems 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 Next Generation Ultrasound Systems Market Size Forecast by Type
10.6.1 Hardware
10.6.2 Software
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 Next Generation Ultrasound Systems Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Diagnostics Laboratories and Imaging centers
10.10.3 Clinics
10.10.4 Ambulatory Surgical centers
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 Next Generation Ultrasound Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Next Generation Ultrasound Systems 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 Next Generation Ultrasound Systems Market Size Forecast by Type
11.6.1 Hardware
11.6.2 Software
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 Next Generation Ultrasound Systems Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Diagnostics Laboratories and Imaging centers
11.10.3 Clinics
11.10.4 Ambulatory Surgical centers
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 Next Generation Ultrasound Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America Next Generation Ultrasound Systems 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 Next Generation Ultrasound Systems Market Size Forecast by Type
12.6.1 Hardware
12.6.2 Software
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 Next Generation Ultrasound Systems Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Diagnostics Laboratories and Imaging centers
12.10.3 Clinics
12.10.4 Ambulatory Surgical centers
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) Next Generation Ultrasound Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Next Generation Ultrasound Systems 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) Next Generation Ultrasound Systems Market Size Forecast by Type
13.6.1 Hardware
13.6.2 Software
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) Next Generation Ultrasound Systems Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Diagnostics Laboratories and Imaging centers
13.10.3 Clinics
13.10.4 Ambulatory Surgical centers
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 Next Generation Ultrasound Systems Market: Competitive Dashboard
14.2 Global Next Generation Ultrasound Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens AG
14.3.2 GE Healthcare
14.3.3 Toshiba medical systems Cooperation
14.3.4 TELEMED Medical Systems
14.3.5 Esaote SpA
14.3.6 Medgyn Products, Inc.
14.3.7 VINNO Technology (Suzhou) Co,.Ltd
14.3.8 Teratech Corporation
14.3.9 CHISON Medical Technologies Co., Ltd.
14.3.10 Carestream Health
14.3.11 Koninklijke Philips N.V