Market Overview:
Ultrasonic devices are used to produce and detect ultrasonic waves. These waves are high-frequency sound waves that cannot be heard by the human ear. Ultrasonic devices are used in a variety of applications, including medical diagnostics, nondestructive testing, and material characterization. The global ultrasonic devices market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The global ultrasonic devices market is segmented by type into doppler ultrasound imaging, high-intensity focused ultrasound (HIFU), 3-D and 4-D ultrasound imaging, and other types of ultrasonic devices. The doppler ultrasound imaging segment is expected to grow at the highest CAGR during the forecast period due to its growing demand for noninvasive diagnosis of cardiovascular diseases. The global ultrasonic devices market is also segmented by application into cardiovascular applications, obstetrics and gynecology applications, gastroenterology applications, radiology applications, and other applications.
Product Definition:
Ultrasonic devices are those that emit ultrasonic waves. Ultrasonic waves are high-frequency sound waves that are above the range of human hearing. Ultrasonic devices use these sound waves to perform a variety of tasks, including cleaning, measuring distances, and detecting objects.
Doppler Ultrasound Imaging:
Doppler ultrasound imaging is a diagnostic procedure that involves the generation of high-frequency ultrasonic waves by an electronic transducer and detection of the reflected waves. The Doppler effect causes an increase in frequency with respect to small objects and a decrease in frequency with respect to large objects.
The doppler effect can be used for real-time tracking, monitoring, diagnosis,.
High-Intensity Focused Ultrasound (HIFU):
High-intensity focused ultrasound (HIFU) is a new diagnostic and therapeutic technique that uses ultrasonic energy to deliver high-intensity focused ultrasound beams. Ultrasound has been known to be the most effective and safe medical technology used for decades. However, it had one drawback; its ability to focus on a particular area of the body was very limited due to its low mechanical power.
Application Insights:
The other application segment includes the use of ultrasonic devices for pain management, neurology, and transrectal ultrasound. Ultrasound is widely used in pain management owing to its ability to create images of deep structures with minimal trauma. The growing adoption of these devices for pain management due to their high therapeutic benefits is expected to drive the market over the forecast period.
Ultrasonic imaging systems are also used in diagnostics applications including cardiology, gastroenterology, neurology and musculoskeletal disorders. These devices help detect conditions such as aortic stenosis or dissection without open-heart surgery which helps reduce anxiety among patients and reduces costs associated with hospitalization and procedures performed by an expert doctor. This factor is anticipated to further boost demand over the forecast period thereby contributing toward revenue growth during 2018-2030 ¢â‚¬Å“19%.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing R&D investments by key players, rising adoption of technologically advanced products, and high healthcare expenditure in this region. In addition, growing number of FDA approvals for new applications is also expected to drive the regional demand over the forecast period. For instance, as early as 2014 UHX- Ultrasound had received FDA clearance for use with MRT imaging in humans; it was only then that it gained wide acceptance across North America.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to rise in disposable income.
Growth Factors:
- Increasing demand for minimally invasive surgeries: Ultrasonic devices are increasingly being used in minimally invasive surgeries as they offer several advantages over traditional surgical procedures such as reduced trauma, faster healing time and shorter hospital stays. This is driving the growth of the ultrasonic devices market.
- Growing demand for ultrasound-guided interventions: Ultrasound guidance is becoming an important part of many medical procedures owing to its ability to provide real-time images of internal organs and tissues. This is boosting the growth of the ultrasonic devices market.
- Rising prevalence of chronic diseases: The incidence of chronic diseases such as cancer, heart disease and diabetes is on the rise globally due to changing lifestyles and increasing population aging rates. This is leading to an increase in demand for diagnostic and therapeutic ultrasound procedures, thereby propelling the growth of the ultrasonic devices market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Ultrasonic Devices Market Research Report
By Type
Doppler Ultrasound Imaging, High-Intensity Focused Ultrasound (HIFU), 3-D and 4-D Ultrasound Imaging, Other
By Application
Cardiovascular, Obstetrics and Gynecology, Gastroenterology, Radiology, Other
By Companies
Philips Healthcare, Siemens Healthcare, Analogic Corporation, Esaote, Samsung Medison, Hitachi Medical Corporation, Toshiba Corporation, Mindray Medical International Limited, GE Healthcare, Fujifilm Holdings
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Ultrasonic Devices Market Report Segments:
The global Ultrasonic Devices market is segmented on the basis of:
Types
Doppler Ultrasound Imaging, High-Intensity Focused Ultrasound (HIFU), 3-D and 4-D Ultrasound Imaging, Other
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
Cardiovascular, Obstetrics and Gynecology, Gastroenterology, Radiology, 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:
- Philips Healthcare
- Siemens Healthcare
- Analogic Corporation
- Esaote
- Samsung Medison
- Hitachi Medical Corporation
- Toshiba Corporation
- Mindray Medical International Limited
- GE Healthcare
- Fujifilm Holdings
Highlights of The Ultrasonic Devices 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:
- Doppler Ultrasound Imaging
- High-Intensity Focused Ultrasound (HIFU)
- 3-D and 4-D Ultrasound Imaging
- Other
- By Application:
- Cardiovascular
- Obstetrics and Gynecology
- Gastroenterology
- Radiology
- 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 Ultrasonic Devices 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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- Correctly Positioning New Products
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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?
Ultrasonic devices are machines that use sound waves to create vibrations that can be felt by the human body. These vibrations can be used for a variety of purposes, including medical diagnosis and treatment, cleaning and maintenance, security systems, and more.
Some of the key players operating in the ultrasonic devices market are Philips Healthcare, Siemens Healthcare, Analogic Corporation, Esaote, Samsung Medison, Hitachi Medical Corporation, Toshiba Corporation, Mindray Medical International Limited, GE Healthcare, Fujifilm Holdings.
The ultrasonic devices market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ultrasonic Devices Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Ultrasonic Devices Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ultrasonic Devices Market - Supply Chain
4.5. Global Ultrasonic Devices Market Forecast
4.5.1. Ultrasonic Devices Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ultrasonic Devices Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ultrasonic Devices Market Absolute $ Opportunity
5. Global Ultrasonic Devices Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Ultrasonic Devices Market Size and Volume Forecast by Type
5.3.1. Doppler Ultrasound Imaging
5.3.2. High-Intensity Focused Ultrasound (HIFU)
5.3.3. 3-D and 4-D Ultrasound Imaging
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ultrasonic Devices Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Ultrasonic Devices Market Size and Volume Forecast by Application
6.3.1. Cardiovascular
6.3.2. Obstetrics and Gynecology
6.3.3. Gastroenterology
6.3.4. Radiology
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ultrasonic Devices Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Ultrasonic Devices Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Ultrasonic Devices Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Ultrasonic Devices Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Ultrasonic Devices Demand Share Forecast, 2019-2029
9. North America Ultrasonic Devices Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Ultrasonic Devices Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Ultrasonic Devices Market Size and Volume Forecast by Application
9.4.1. Cardiovascular
9.4.2. Obstetrics and Gynecology
9.4.3. Gastroenterology
9.4.4. Radiology
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ultrasonic Devices Market Size and Volume Forecast by Type
9.7.1. Doppler Ultrasound Imaging
9.7.2. High-Intensity Focused Ultrasound (HIFU)
9.7.3. 3-D and 4-D Ultrasound Imaging
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Ultrasonic Devices Demand Share Forecast, 2019-2029
10. Latin America Ultrasonic Devices Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Ultrasonic Devices Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Ultrasonic Devices Market Size and Volume Forecast by Application
10.4.1. Cardiovascular
10.4.2. Obstetrics and Gynecology
10.4.3. Gastroenterology
10.4.4. Radiology
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ultrasonic Devices Market Size and Volume Forecast by Type
10.7.1. Doppler Ultrasound Imaging
10.7.2. High-Intensity Focused Ultrasound (HIFU)
10.7.3. 3-D and 4-D Ultrasound Imaging
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Ultrasonic Devices Demand Share Forecast, 2019-2029
11. Europe Ultrasonic Devices Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Ultrasonic Devices Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Ultrasonic Devices Market Size and Volume Forecast by Application
11.4.1. Cardiovascular
11.4.2. Obstetrics and Gynecology
11.4.3. Gastroenterology
11.4.4. Radiology
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ultrasonic Devices Market Size and Volume Forecast by Type
11.7.1. Doppler Ultrasound Imaging
11.7.2. High-Intensity Focused Ultrasound (HIFU)
11.7.3. 3-D and 4-D Ultrasound Imaging
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ultrasonic Devices Demand Share, 2019-2029
12. Asia Pacific Ultrasonic Devices Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Ultrasonic Devices Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Ultrasonic Devices Market Size and Volume Forecast by Application
12.4.1. Cardiovascular
12.4.2. Obstetrics and Gynecology
12.4.3. Gastroenterology
12.4.4. Radiology
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ultrasonic Devices Market Size and Volume Forecast by Type
12.7.1. Doppler Ultrasound Imaging
12.7.2. High-Intensity Focused Ultrasound (HIFU)
12.7.3. 3-D and 4-D Ultrasound Imaging
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Ultrasonic Devices Demand Share, 2019-2029
13. Middle East & Africa Ultrasonic Devices Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Ultrasonic Devices Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Ultrasonic Devices Market Size and Volume Forecast by Application
13.4.1. Cardiovascular
13.4.2. Obstetrics and Gynecology
13.4.3. Gastroenterology
13.4.4. Radiology
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ultrasonic Devices Market Size and Volume Forecast by Type
13.7.1. Doppler Ultrasound Imaging
13.7.2. High-Intensity Focused Ultrasound (HIFU)
13.7.3. 3-D and 4-D Ultrasound Imaging
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Ultrasonic Devices Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Ultrasonic Devices Market: Market Share Analysis
14.2. Ultrasonic Devices Distributors and Customers
14.3. Ultrasonic Devices Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Philips Healthcare
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens Healthcare
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Analogic Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Esaote
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Samsung Medison
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Hitachi Medical Corporation
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Toshiba Corporation
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mindray Medical International Limited
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. GE Healthcare
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Fujifilm Holdings
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
