+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Ultrasound Device Market Size, Global Forecast 2021-2027, Industry Trends, Growth, Impact of COVID-19, Opportunity Company Analysis

  • ID: 5504322
  • Report
  • November 2021
  • Region: Global
  • 105 Pages
  • Renub Research

FEATURED COMPANIES

  • GE Healthcare
  • Hologic, Inc
  • Siemens Healthcare
Over the decades, ultrasound use has expanded beyond radiology, OB/GYN and cardiology to a wide range of clinical specialties, including surgery, gastroenterology and musculoskeletal. Ultrasound is one of the medical industry's various medical imaging modalities; it has recently experienced a revolution due to modern electronics' increasing computer power. It is described as a device that captures the internal organ images using high-frequency sound waves. Ultrasound devices consist of an ultrasound detector or probe and transducer. According to the publisher, The Ultrasound Device Market will reach US$ 9.5 Billion by 2027.



Factors Driving Worldwide Ultrasound Device Industry


Remarkably, the growth of the global ultrasound devices is majorly driven by the rise in prevalence of chronic disorders such as cancer tumors, gallstones, fatty liver disease, and high spending on the healthcare industry. The increase in awareness toward early disease diagnosis and technological advancement in ultrasound imaging devices are driving the growth of the ultrasound devices industry worldwide.

The Ultrasound Devices Industry is expected to grow with a CAGR of 4.73% from 2021 to 2027


The increasing number of pregnancies has generated demand for diagnostic ultrasound systems. It is one of the standard effective and dynamic imaging technologies used in pregnancy to monitor the growth and development of the fetus. Still, there are many other uses, including blood vessels, imaging the heart, eyes, thyroid, brain, breast, abdominal organs, skin, and muscles.

Ultrasound Image display further sub-divided into Color and Black & White (B/W). The color ultrasound devices held the highest market. An increase in advancements in technology, the incidence of chronic diseases, the surge in the number of diagnostic ultrasound devices in the obstetrics and gynecology field, and an increase in awareness for early disease diagnosis drive the Color ultrasound devices industry.

Ultrasound Market Size was US$ 7.2 Billion in 2021


Based on application, ultrasound devices are segmented into Cardiology/Obstetrics, Musculoskeletal, Radiology, Critical Care, etc. Critical Care holds the largest market share due to the rising prevalence of chronic diseases. The number of patients needing emergency care due to various health ailments such as urology problems, acute abdominal pain and immense chest pain would surge the demand for critical care devices. Further, the radiology application is one of the leading segments, owing to the increasing number of radiology centres and increasing adoption of this technology in general imaging and diagnosis of medical complications.

North America is the Leader in the Ultrasound Device Industry


North American has a large number of healthcare providers, the government and private funding for R&D in ultrasound imaging, the rising geriatric population, and the expanding incidence of chronic diseases increases the demand for ultrasound devices in this region.

In 2020, as per National Health Council, chronic diseases had affected 157 million Americans, with 81 Million having multiple conditions. Owing to the high prevalence of the disorders, this region has become the centre of the major players. Market Players have been making product improvements in North America to increase their market share in the ultrasound devices industry. Moreover, ultrasound is gaining acceptance in acute and primary care settings, both as a screening and diagnostic tool and for procedure guidance. With handheld ultrasound gaining pace, this will accelerate in the coming years.

COVID-19 impact on the Global Ultrasound Devices Market


The pandemic has negatively impacted the ultrasound market; unfavorable changes in regulations and guidelines hamper the growth of this market. The closing down of production facilities due to lockdowns, recruitment challenges for clinical trials and interruptions in supply chains have further affected the development of the overall ultrasound market.

Key Industry Players


Some of the companies investing in ultrasound devices are GE Healthcare, Siemens Healthcare, and Philips - Healthcare Sales, Hologic, Inc. These companies are investing in R&D to advance their technologies in ultrasound imaging, as it is becoming one of the fundamental aspects of healthcare. Globally, portable technological devices are praised, and these key companies have a wide presence across the developed and emerging markets.

This report “Global Ultrasound Device Market, By Product Type (Diagnostics Ultrasound Systems, Therapeutic Ultrasound Systems), Display Type (Color Ultrasound Devices, Black & White (B/W) Ultrasound Device), Application (Cardiology/Obstetrics, Musculoskeletal, Radiology, Critical Care and others), Regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), company Analysis (GE Healthcare, Siemens Healthcare, Philips - Healthcare Sales, Hologic, Inc)” provides a detailed analysis of Global Ultrasound Device Market.

Product Type - Global Ultrasound Device Market has been covered from 2 viewpoints


1. Diagnostics Ultrasound Systems
2. Therapeutic Ultrasound Systems

Display Type- Global Ultrasound Device Market has been covered from 2 viewpoints


1. Color Ultrasound Devices
2. Black & White (B/W) Ultrasound Device

Application – Global Ultrasound Device Market has been covered from 5 viewpoints


1. Cardiology/Obstetrics
2. Musculoskeletal
3. Radiology
4. Critical Care
5. Others Applications

Regions – Global Ultrasound Device Market has been covered from 5 viewpoints


1. North America
2. Europe
3. Asia Pacific
4. South America
5. Middle East and Africa

Company Insights:

  • Overview
  • Recent Development & Strategies
  • Financial Insights

Company Covered:


1. GE Healthcare
2. Siemens Healthcare
3. Philips - Healthcare Sales
4. Hologic, Inc
Frequently Asked Questions about the Global Ultrasound Device Market

What is the estimated value of the Global Ultrasound Device Market?

The Global Ultrasound Device Market was estimated to be valued at $7.2 Billion in 2021.

What is the growth rate of the Global Ultrasound Device Market?

The growth rate of the Global Ultrasound Device Market is 4.7%, with an estimated value of $9.5 Billion by 2027.

What is the forecasted size of the Global Ultrasound Device Market?

The Global Ultrasound Device Market is estimated to be worth $9.5 Billion by 2027.

Who are the key companies in the Global Ultrasound Device Market?

Key companies in the Global Ultrasound Device Market include GE Healthcare, Siemens Healthcare, Philips and Hologic, Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • GE Healthcare
  • Hologic, Inc
  • Siemens Healthcare

1. Introduction2. Research & Methodology3. Executive Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. Global Ultrasound Device Market
6. Screening Share – Global Lung Cancer Analysis
6.1 Products Type
6.2 Display
6.3 Application
6.4 By Regions
7. Product Type - Global Ultrasound Device Market
7.1 Diagnostics Ultrasound Systems
7.2 Therapeutic Ultrasound Systems
8. Display Type - Global Ultrasound Device Market
8.1 Color Ultrasound Devices
8.2 Black & White (B/W) Ultrasound Device
9. Application – Global Ultrasound Device Market
9.1 Cardiology/Obstetrics
9.2 Musculoskeletal
9.3 Radiology
9.4 Critical Care
9.5 Others Applications
10. Regions – Global Ultrasound Device Market
10.1 North America
10.2 Europe
10.3 Asia Pacific
10.4 South America
10.5 Middle East and Africa
11. Porters Five Forces
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12. Company Analysis
12.1 GE Healthcare
12.1.1 Overview
12.1.2 Recent Development
12.1.3 Sale Analysis
12.2 Siemens Healthcare
12.2.1 Overview
12.2.2 Recent Development
12.2.3 Sale Analysis
12.3 Philips - Healthcare Sales
12.3.1 Overview
12.3.2 Recent Development
12.3.3 Sale Analysis
12.4 HOLOGIC, INC.
12.4.1 Overview
12.4.2 Recent Development
12.4.3 Sale Analysis
List Of Figures:
Figure-01: Global Ultrasound Device Market (Billion US$), 2016 – 2021
Figure-02: Forecast for – Global Ultrasound Device Market (Billion US$), 2022 – 2027
Figure-03: Products Type – Diagnostics Ultrasound Systems Market (Million US$), 2016 – 2021
Figure-04: Products Type – Forecast for Diagnostics Ultrasound Systems Market (Million US$), 2022 – 2027
Figure-05: Products Type – Therapeutic Ultrasound Systems Market (Million US$), 2016 – 2021
Figure-06: Products Type – Forecast for Therapeutic Ultrasound Systems Market (Million US$), 2022 – 2027
Figure-07: Displays – Color Ultrasound Devices Market (Million US$), 2016 – 2021
Figure-08: Displays – Forecast for Color Ultrasound Devices Market (Million US$), 2022 – 2027
Figure-09: Displays – Black & White (B/W) Ultrasound Device Market (Million US$), 2016 – 2021
Figure-10: Displays – Forecast for Black & White (B/W) Ultrasound Device Market (Million US$), 2022 – 2027
Figure-11: Application – Cardiology/Obstetrics Market (Million US$), 2016 – 2021
Figure-12: Application – Forecast for Cardiology/Obstetrics Market (Million US$), 2022 – 2027
Figure-13: Application – Musculoskeletal Market (Million US$), 2016 – 2021
Figure-14: Application – Forecast for Musculoskeletal Market (Million US$), 2022 – 2027
Figure-15: Application – Radiology Market (Million US$), 2016 – 2021
Figure-16: Application – Forecast for Radiology Market (Million US$), 2022 – 2027
Figure-17: Application – Critical Care Market (Million US$), 2016 – 2021
Figure-18: Application – Forecast for Critical Care Market (Million US$), 2022 – 2027
Figure-19: Application – Others Market (Million US$), 2016 – 2021
Figure-20: Application – Forecast for Others Market (Million US$), 2022 – 2027
Figure-21: North America – Ultrasound Device Market (Million US$), 2016 – 2021
Figure-22: North America – Forecast for Ultrasound Device Market (Million US$), 2022 – 2027
Figure-23: Europe – Ultrasound Device Market (Million US$), 2016 – 2021
Figure-24: Europe – Forecast for Ultrasound Device Market (Million US$), 2022 – 2027
Figure-25: Asia Pacific – Ultrasound Device Market (Million US$), 2016 – 2021
Figure-26: Asia Pacific – Forecast for Ultrasound Device Market (Million US$), 2022 – 2027
Figure-27: South America – Ultrasound Device Market (Million US$), 2016 – 2021
Figure-28: South America – Forecast for Ultrasound Device Market (Million US$), 2022 – 2027
Figure-29: Middle East and Africa – Ultrasound Device Market (Million US$), 2016 – 2021
Figure-30: Middle East and Africa – Forecast for Ultrasound Device Market (Million US$), 2022 – 2027
Figure-31: GE Healthcare – Global Revenue (Million US$), 2016 – 2021
Figure-32: GE Healthcare – Forecast for Global Revenue (Million US$), 2022 – 2027
Figure-33: Siemens Healthcare – Global Revenue (Million US$), 2016 – 2021
Figure-34: Siemens Healthcare – Forecast for Global Revenue (Million US$), 2022 – 2027
Figure-35: Philips - Healthcare – Global Revenue (Million US$), 2016 – 2021
Figure-36: Philips - Healthcare – Forecast for Global Revenue (Million US$), 2022 – 2027
Figure-37: HOLOGIC, INC. – Global Revenue (Million US$), 2016 – 2021
Figure-38: HOLOGIC, INC. – Forecast for Global Revenue (Million US$), 2022 – 2027
List Of Tables:
Table-01: Global – Ultrasound Device Market Share by Products Type (Percent), 2016 – 2021
Table-02: Global – Forecast for Ultrasound Device Market Share by Products Type (Percent), 2022 – 2027
Table-03: Global – Ultrasound Device Market Share by Display (Percent), 2016 – 2021
Table-04: Global – Forecast for Ultrasound Device Market Share by Display (Percent), 2022 – 2027
Table-05: Global – Ultrasound Device Market Share by Application (Percent), 2016 – 2021
Table-06: Global – Forecast for Ultrasound Device Market Share by Application (Percent), 2022 – 2027
Table-07: Global – Ultrasound Device Market Share by Regions (Percent), 2016 – 2021
Table-08: Global – Forecast for Ultrasound Device Market Share by Regions (Percent), 2022 – 2027
Note: Product cover images may vary from those shown
  • GE Healthcare
  • Siemens Healthcare
  • Philips - Healthcare Sales
  • Hologic, Inc
Note: Product cover images may vary from those shown

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
LOADING...