China Ultrasound Device Market is forecasted to be valued at around US$ 2.94 Billion by 2030. Ultrasound devices are in high demand globally. They use high-frequency sound waves to create real-time images of inner body structures like organs and tissues. Ultrasound is a crucial tool in present-day healthcare structures due to its non-invasive nature and capacity to offer distinct photos. The need for ultrasound is developing because of fast urbanization and healthcare infrastructure growth in China, as well as the growing older populace and the emphasis on early sickness detection.China ultrasound devices market was valued at US$ 1.56 Billion in 2022
China Ultrasound Device Market is anticipated to increase at a CAGR of 6.04% from 2024 to 2030
The market in China is experiencing growth due to the growing burden of chronic conditions. With situations like cardiovascular disease, diabetes, and cancer on the upward thrust, there may be a pressing want for sensible diagnostic equipment to detect and screen those ailments. For instance, as per the National Center for Biotechnology Information (NCBI), it is anticipated that about 330 million people in China are affected by cardiovascular conditions. Ultrasound devices are essential in diagnosing persistent illnesses non-invasively and in real-time, bearing in mind early detection and timely intervention. This makes it a necessary issue of the country's healthcare panorama.Technological advancements are pivotal in propelling the increase of the ultrasound device market in China. Continuous innovations of more desirable image precision, 3D/4D imaging skills, and transportable gadgets contribute to advanced diagnostic accuracy and multiplied applications. Automation and artificial intelligence integration streamline the diagnostic procedure, making ultrasound devices more efficient and convenient. China's healthcare is advancing in precision medicine and personalized healthcare, aligning with the changing healthcare landscape. This expands the adoption of sophisticated ultrasound technologies. The synergy between technological development and healthcare desires positions the ultrasound device market at the forefront of diagnostic innovation in China.
Government tasks in healthcare and significant investments in studies and development are critical drivers of the increase in the market. These efforts bolster infrastructure, improve access to scientific services, and foster innovation. With a focus on advancing diagnostic talents and tailoring technologies to satisfy evolving healthcare needs, government support creates conducive surroundings for market expansion. The synergy between authorities’ projects and research improvement fuels the adoption of advanced ultrasound technologies, driving market increase in China. Hence, the China ultrasound device market was US$ 1.95 Billion in 2023.
Trolley or cart-based ultrasound devices are among the most popular portable options in the China ultrasound device market
By portability, the China ultrasound device market is fragmented into Trolley/Cart-based Ultrasound Devices and Compact/Handheld Ultrasound Devices. Trolley/cart-based ultrasound devices are poised to be among the quickest-developing sections in the China market. This is because those devices provide superior imaging competencies while being easily portable in healthcare centers, making them suitable for diverse scientific settings. With China's increasing healthcare infrastructure and emphasis on point-of-care diagnostics, the demand for portable, effective ultrasound devices is rising. Trolley-based systems satisfy this need by providing terrific imaging at the point of care, driving their predicted increase in the China market.Radiology might dominate the ultrasound device market in China
By application, the China ultrasound device market is segmented into Radiology/General Imaging, Cardiology, Gynecology, Vascular, Urology, and Others. Radiology commands one of the most significant shares in the China ultrasound device market. This is due to its wide-ranging applications and essential position in diagnostic imaging. With the rising incidence of chronic illnesses and the need for correct and timely diagnoses, ultrasound technology is indispensable in radiology departments throughout healthcare centers. From assessing organ health to guiding interventional tactics, ultrasound devices provide versatility and non-invasiveness. As China's healthcare infrastructure expands and diagnostic capabilities improve, radiology remains a cornerstone of the ultrasound device market, propelling its considerable market proportion.Hospital section is one of the leading segments in the China ultrasound device market
By end-user, the China ultrasound device market is divided into Hospitals, Surgical Centers, Diagnostic Centers, Maternity Centers, Ambulatory Care Centers, and Academic Institutions. Hospitals are among the leading segments in the China ultrasound device market. This is because of their pivotal position as primary healthcare carriers. With increasing patient volumes and a developing emphasis on superior diagnostics, hospitals force great demand for ultrasound devices. These establishments require versatile imaging solutions to cater to diverse medical specialties and patient desires. As China continues to put money into healthcare infrastructure and expands its access to clinical services, hospitals continue to be vital contributors to the boom of the ultrasound device market in the country.Key Players
Canon Medical Systems Corporation, Koninklijke Philips NV, Siemens AG, Samsung Electronics Co.Ltd., Hologic, Inc., Fujifilm Holdings Corporation, GE Healthcare, and Shenzhen Mindray Bio-Medical Electronics Co., Ltd. are the key players in the China ultrasound device market.In February 2023 - GE Healthcare established a long-term joint venture with a Chinese state-owned pharmaceutical company subsidiary to provide non-premium solutions for CT and general imaging ultrasound.
In April 2023 - The Pediatric Cardiovascular Department of West China Second University Hospital in Yibin City performed screening for congenital heart disease in children. The medical professionals diagnosed the patient's condition using a portable ultrasound machine called SonoBook, which Chison manufactured.
Portability - China Ultrasound Device Market breakup in 2 viewpoints:
1. Trolley/Cart-based Ultrasound Devices2. Compact/Handheld Ultrasound Devices
Application - China Ultrasound Device Market breakup in 6 viewpoints:
1. Radiology/General Imaging2. Cardiology
3. Gynecology
4. Vascular
5. Urology
6. Others
End-User - China Ultrasound Device Market breakup in 6 viewpoints:
1. Hospitals2. Surgical Centers
3. Diagnostic Centers
4. Maternity Centers
5. Ambulatory Care Centers
6. Academic Institutions
All the Key players have been covered from 3 Viewpoints:
- Overview
- Recent Development
- Revenue Analysis
Company Analysis:
1. Canon Medical Systems Corporation2. Koninklijke Philips NV
3. Siemens AG
4. Samsung Electronics Co.Ltd.
5. Hologic, Inc.
6. Fujifilm Holdings Corporation
7. GE Healthcare
8. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
Table of Contents
1. Introduction2. Research Methodology3. Executive Summary5. China Ultrasound Device Market10. Value Chain Analysis - China Ultrasound Device Market
4. Market Dynamics
6. Market Share - China Ultrasound Device Analysis
7. Portability - China Ultrasound Device Market
8. Application - China Ultrasound Device Market
9. End-user - China Ultrasound Device Market
11. Porter’s Five Forces - China Ultrasound Device Market
12. SWOT Analysis - China Ultrasound Device Market
13. Key Players Analysis - China Ultrasound Device Market
List of Figure
List of Tables
Companies Mentioned
- Canon Medical Systems Corporation
- Koninklijke Philips NV
- Siemens AG
- Samsung Electronics Co.Ltd.
- Hologic, Inc.
- Fujifilm Holdings Corporation
- GE Healthcare
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
Methodology
In this report, for analyzing the future trends for the studied market during the forecast period, the publisher has incorporated rigorous statistical and econometric methods, further scrutinized by secondary, primary sources and by in-house experts, supported through their extensive data intelligence repository. The market is studied holistically from both demand and supply-side perspectives. This is carried out to analyze both end-user and producer behavior patterns, in the review period, which affects price, demand and consumption trends. As the study demands to analyze the long-term nature of the market, the identification of factors influencing the market is based on the fundamentality of the study market.
Through secondary and primary researches, which largely include interviews with industry participants, reliable statistics, and regional intelligence, are identified and are transformed to quantitative data through data extraction, and further applied for inferential purposes. The publisher's in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of their recommendations and advice.
Primary Research
The primary purpose of this phase is to extract qualitative information regarding the market from the key industry leaders. The primary research efforts include reaching out to participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions. The publisher also established professional corporate relations with various companies that allow us greater flexibility for reaching out to industry participants and commentators for interviews and discussions, fulfilling the following functions:
- Validates and improves the data quality and strengthens research proceeds
- Further develop the analyst team’s market understanding and expertise
- Supplies authentic information about market size, share, growth, and forecast
The researcher's primary research interview and discussion panels are typically composed of the most experienced industry members. These participants include, however, are not limited to:
- Chief executives and VPs of leading corporations specific to the industry
- Product and sales managers or country heads; channel partners and top level distributors; banking, investment, and valuation experts
- Key opinion leaders (KOLs)
Secondary Research
The publisher refers to a broad array of industry sources for their secondary research, which typically includes, however, is not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Patent and regulatory databases for understanding of technical & legal developments
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic new articles, webcasts, and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecasts
LOADING...
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | March 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 1.95 Billion |
| Forecasted Market Value ( USD | $ 2.94 Billion |
| Compound Annual Growth Rate | 6.0% |
| Regions Covered | China |
| No. of Companies Mentioned | 8 |
