Market Overview:
Ultrasound is a medical imaging technique that uses high-frequency sound waves to create images of the inside of the body. Ultrasound is used in a variety of applications, including obstetrics and gynecology, cardiology, and general surgery. The global ultrasound market was valued at .5 billion in 2017 and is expected to reach .8 billion by 2030, growing at a CAGR of 5% from 2018 to 2030. The global ultrasound market can be segmented by type into 2D ultrasound, 3D & 4D ultrasound, and Doppler ultrasound. The 2D ultrasound segment accounted for the largest share of the global market in 2017 owing to its low cost and widespread use for general imaging purposes. However, the 3D & 4D ultrasound segment is expected to grow at the highest CAGR during the forecast period due to its increasing use in diagnostic procedures such as prenatal care and tumor detection. The global market can also be segmented by application into hospitals, clinics, and others (including research institutes). Hospitals accounted for the majority share of the global market in 2017 due to their large patient base and increasing demand for advanced diagnostic procedures such as 3D & 4D ultrasounds.
Product Definition:
Ultrasound is a diagnostic imaging technique that uses high-frequency sound waves to create images of internal organs and tissues. Ultrasound is used to assess the condition of many parts of the body, including the liver, kidneys, pancreas, and gallbladder. It can also be used to help diagnose conditions such as heart disease and tumors.
2D Ultrasound:
2D ultrasound is a diagnostic imaging technology that creates two-dimensional images of body parts and structures. It is an effective tool for visualizing the fetus in pregnant women and monitoring baby development in the uterus. The ultrasound scan works by sending high frequency sound waves into the body to create an image of internal organs, bones, tissues, etc., inside the body.
The global ultrasound market was valued at USD 3 billion in 2014.
3D & 4D Ultrasound:
3D & 4D ultrasound is a technology that creates images of the internal organs by sending high frequency sound waves into the body. The ultrasound imaging process takes place in two stages, firstly, an electronic beam is sent towards the area of interest and then a series of short-duration sound pulses are transmitted which causes variations in the time delay between transmission and reception; this allows for accurate determination of tissue characteristics.
Application Insights:
The hospital segment dominated the global ultrasound market in 2017. The application of ultrasound is increasing in hospitals due to its applications in various healthcare areas such as musculoskeletal, cardiac, and emergency medicine. Ultrasound helps detect conditions such as pneumonia, heart attack or stroke very early before they cause any harm. It also helps during cesarean sections and can be used for diagnostics of various diseases including diabetes mellitus, gallstones pancreatic cancer among others. These factors are anticipated to drive the demand for ultrasonic devices over the forecast period.
Ultrasound is widely used across clinics for a variety of purposes such as musculoskeletal imaging (x-ray), obstetrics & gynecology (sonography), cardiovascular imaging (echo cardiography), echocardiography (ultrasonography) among others depending upon their applicability and availability within a particular region or country under study.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and increasing demand for cost-effective treatment options are some factors driving the regional growth. Moreover, growing preference for minimally invasive surgeries is anticipated to further fuel the demand in this region.
Asia Pacific is expected to witness lucrative growth over the forecast period owing to rising disposable income and improving healthcare infrastructure in emerging countries such as India and China. Furthermore, an increase in awareness regarding ultrasound diagnosis coupled with a rise in consumer spending on medical devices is likely to contribute toward industry development during the forecast period from 2018 to 2030 timeframe. In addition, government initiatives promoting better health outcomes at lower costs are expected drive industry expansion over this same time frame in Asia Pacific region as well as other developing nations across Latin America & MEA regions such as Brazil & South Africa etc.).
Growth Factors:
- Increasing demand for minimally invasive surgeries: Ultrasound is increasingly being used for minimally invasive surgeries as it offers high-resolution images with less damage to the surrounding tissues. This is driving the growth of the ultrasound market.
- Growing geriatric population: The global geriatric population is growing at a rapid pace and this is leading to an increase in the number of chronic diseases, such as cancer, which require diagnosis and treatment using ultrasound technology.
- Rising prevalence of cardiovascular diseases: The prevalence of cardiovascular diseases is increasing globally due to changing lifestyles and dietary habits. This has led to an increase in demand for diagnostic and therapeutic ultrasound procedures, thereby driving the growth of the ultrasound market.
- Technological advancements: Ultrasound technology is constantly evolving with new features being introduced regularly into machines available in the market. This has resulted in increased adoption rates by physicians, which is driving market growth further.. 5)Growing awareness about benefits of early diagnosis: There has been a growing awareness among people about benefits of early diagnosis through use if ultrasounds .This helps patients receive timely treatment and improves their prognosis
Scope Of The Report
Report Attributes
Report Details
Report Title
Ultrasound Market Research Report
By Type
2D Ultrasound, 3D & 4D Ultrasound, Doppler Ultrasound
By Application
Hospital, Clinic, Others
By Companies
GE, Philips, Siemens, Boston Scientific, Toshiba, Carestream, VisualSonics (Fujifilm SonoSite), Mindray
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Ultrasound Market Report Segments:
The global Ultrasound market is segmented on the basis of:
Types
2D Ultrasound, 3D & 4D Ultrasound, Doppler Ultrasound
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
Hospital, Clinic, Others
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:
- GE
- Philips
- Siemens
- Boston Scientific
- Toshiba
- Carestream
- VisualSonics (Fujifilm SonoSite)
- Mindray
Highlights of The Ultrasound 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 Ultrasound
- 3D & 4D Ultrasound
- Doppler Ultrasound
- By Application:
- Hospital
- Clinic
- Others
- 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 Ultrasound 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Ultrasound is a type of sound that travels through the air more quickly than normal audible sound. It is used to create images of body parts and structures inside the body.
Some of the major players in the ultrasound market are GE, Philips, Siemens, Boston Scientific, Toshiba, Carestream, VisualSonics (Fujifilm SonoSite), Mindray.
The ultrasound market is expected to grow at a compound annual growth rate of 5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Ultrasound 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. Ultrasound Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Ultrasound Market - Supply Chain
4.5. Global Ultrasound Market Forecast
4.5.1. Ultrasound Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Ultrasound Market Size (000 Units) and Y-o-Y Growth
4.5.3. Ultrasound Market Absolute $ Opportunity
5. Global Ultrasound 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. Ultrasound Market Size and Volume Forecast by Type
5.3.1. 2D Ultrasound
5.3.2. 3D & 4D Ultrasound
5.3.3. Doppler Ultrasound
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Ultrasound 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. Ultrasound Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Clinic
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Ultrasound 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. Ultrasound 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 Ultrasound 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. Ultrasound 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 Ultrasound Demand Share Forecast, 2019-2026
9. North America Ultrasound 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 Ultrasound 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 Ultrasound Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Clinic
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Ultrasound Market Size and Volume Forecast by Type
9.7.1. 2D Ultrasound
9.7.2. 3D & 4D Ultrasound
9.7.3. Doppler Ultrasound
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 Ultrasound Demand Share Forecast, 2019-2026
10. Latin America Ultrasound 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 Ultrasound 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 Ultrasound Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Clinic
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Ultrasound Market Size and Volume Forecast by Type
10.7.1. 2D Ultrasound
10.7.2. 3D & 4D Ultrasound
10.7.3. Doppler Ultrasound
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 Ultrasound Demand Share Forecast, 2019-2026
11. Europe Ultrasound 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 Ultrasound 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 Ultrasound Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Clinic
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Ultrasound Market Size and Volume Forecast by Type
11.7.1. 2D Ultrasound
11.7.2. 3D & 4D Ultrasound
11.7.3. Doppler Ultrasound
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
1.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Ultrasound Demand Share, 2019-2026
12. Asia Pacific Ultrasound 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 Ultrasound 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 Ultrasound Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Clinic
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Ultrasound Market Size and Volume Forecast by Type
12.7.1. 2D Ultrasound
12.7.2. 3D & 4D Ultrasound
12.7.3. Doppler Ultrasound
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 Ultrasound Demand Share, 2019-2026
13. Middle East & Africa Ultrasound 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 Ultrasound 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 Ultrasound Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Clinic
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Ultrasound Market Size and Volume Forecast by Type
13.7.1. 2D Ultrasound
13.7.2. 3D & 4D Ultrasound
13.7.3. Doppler Ultrasound
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 Ultrasound Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Ultrasound Market: Market Share Analysis
14.2. Ultrasound Distributors and Customers
14.3. Ultrasound Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Philips
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Siemens
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Boston Scientific
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Toshiba
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Carestream
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. VisualSonics (Fujifilm SonoSite)
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
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
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
