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China Ultrasound Device Market, Size, Forecast 2023-2027, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis

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    Report

  • 95 Pages
  • January 2023
  • Region: China
  • Renub Research
  • ID: 5715847

China ultrasound devices market was valued at US$ 1.56 Billion in 2022

China's Ultrasound device market will reach US$ 2.19 Billion in 2027, registering a CAGR of 7.02% during the forecast period, 2022-2027. China is the world's second-largest economy behind the United States. China's Ultrasound Devices market is witnessing positive growth due to the rising incidence of severe chronic diseases such as urology, cardiovascular, and others. Further, rapid technological developmental activities, growing awareness for early detection, and the increasing geriatric population across China who are more susceptible to developing chronic disorders to the growth of the China Ultrasound Devices market during the forecast period. On the other hand, the shortage of skilled and experienced sonographers is estimated to impede the development of the China ultrasound devices market.

Application segment review

Based on Application, the China Ultrasound device market is segmented into Gynecology/Obstetrics, Musculoskeletal, Radiology, Critical Care, and Other Application. Radiology holds the largest market share and is expected to grow at a lucrative CAGR during the forecast period. Radiology imaging is less expensive than other applications. It includes a wide range of scans clinicians need for diagnosis and immediate treatment, including scans of the abdomen, musculoskeletal system, small parts, urology, liver, thyroid, scrotum, bladder, pancreas, kidneys, spleen, and gallbladder. Over the years, ultrasound has gradually expanded beyond Ob/Gyn, radiology and cardiology to a wide range of clinical specialties, surgery including gastroenterology and musculoskeletal, expanding the customer base and driving additional revenue growth.

Furthermore, Due to the rising prevalence of cardiovascular disorders in China, the cardiology category is expected to grow steadily through the forecast period. For instance, according to the WHO, Cardiovascular disease (CVD) is the leading cause of death (COD) in China, accounting for two out of every five deaths due to CVD. China ultrasound devices market was valued at US$ 1.56 Billion in 2022.

Technology segment review

By Technology, the china Ultrasound devices market has been categorized into; 2D, 3D, 4D, Doppler, and Others. Major factors expected to boost the 3D and 4D ultrasound devices market in the forecast period are technological developments and the rising healthcare expenses from government and private insurers to grow China's medical imaging services. Furthermore, the equipment in advancing china's states and the rise in medical technology expenditure are anticipated further to develop the 3D and 4D ultrasound devices market.

End User segment review

Based on End Users, Hospital captured almost half of the market share and will hold the highest market during the forecast period. China has one of the highest rates of chronic diseases, including cancer, cardiovascular disease, and other illnesses, which are predicted to propel the hospital market's expansion over time.

The Ambulatory Surgical Centers captured the second most market share of China's ultrasound device segment, ascribed to a growing number of ultrasound-based medical procedures conducted, the expanding number of centers in cities, and the increased acceptance of minimally invasive diagnostic and surgical procedures in these facilities.

Key Market Player

China's Public and private companies are investing in Research & Development to advance their technologies in ultrasound, as it is becoming one of the fundamental aspects of healthcare. Additionally, many Chinese businesses are investing strategically to increase their market share in the ultrasound equipment industry. Some major companies investing in ultrasound devices are Philips, Hologic, Inc., Canon, Samsung Electronics Co.Ltd and Siemens AG.

In February 2022, Butterfly Network, Inc. and Ambra Health announced a partnership to accelerate and simplify interoperability for bedside imaging data. Butterfly's enterprise platform will enhance access to the shareability of valuable ultrasound information across hospitals and health systems.

In December 2021, EagleView ultrasound introduced its wireless portable ultrasound device, which provides much freedom for ultrasound imaging and makes the point-of-care solution more affordable.

The report titled “China Ultrasound Device Market Forecast By Application (Gynecology/Obstetrics, Musculoske letal, Radiology, Critical Care, Others), Technology (2D, 3D& 4D, Doppler, Others), End Users (Hospital, Ambulatory Surgical Centers, Others), Company (Siemens AG, Hologic, Inc., Koninklijke Philips NV, Canon Medical Systems Corporation, Canon Medical Systems Corporation and Samsung Electronics Co.Ltd),” provides a complete analysis of China Ultrasound Devices Market.

Application - Ultrasound Device Market in China

1. Gynecology/Obstetrics
2. Musculoske letal
3. Radiology
4. Critical Care
5. Other Application

Technology - Ultrasound Device Market in China

1. 2D Ultrasound
2. 3D & 4D Ultrasound
3. Doppler
4. Others

End Users- Ultrasound Device Market in China

1. Hospital
2. Ambulatory Surgical Centers
3. Others

All the companies covered in the report has been covered from the following points

  • Overview
  • Recent Development
  • Financial performance

Key Company Covered

1. Siemens AG
2. Hologic, Inc.
3. koninklijke philips nv
4. Canon Medical Systems Corporation
5. Samsung Electronics Co.Ltd
4. Smith & Nephew PLC
5. Lifecore Biomedical
6. LG Life Sciences Ltd.
7. F.Hoffmann-La Roche Ltd.
8. Chugai Pharmaceutical Co.
Frequently Asked Questions about the Chinese Ultrasound Device Market

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

The Chinese Ultrasound Device Market was estimated to be valued at $1.56 Billion in 2022.

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

The growth rate of the Chinese Ultrasound Device Market is 7.0%, with an estimated value of $2.19 Billion by 2027.

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

The Chinese Ultrasound Device Market is estimated to be worth $2.19 Billion by 2027.

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

Key companies in the Chinese Ultrasound Device Market include Siemens AG, Hologic, Inc., koninklijke philips nv and Samsung Electronics Co.Ltd.

Table of Contents

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges

5. China Ultrasound Device Market

6. Share Analysis - China Ultrasound Device Market
6.1 By Application
6.2 By Technology
6.3 By End User

7. Application - China Ultrasound Device Market
7.1 Gynecology/Obstetrics
7.2 Musculoske letal
7.3 Radiology
7.4 Critical Care
7.5 Other Application

8. Technology - China Ultrasound Device Market
8.1 2D Ultrasound
8.2 3D & 4D Ultrasound
8.3 Doppler
8.4 Others

9. End-user- China Ultrasound Device Market
9.1 Hospital
9.2 Ambulatory Surgical Centers
9.3 Others

10. Company Profiles
10.1 Canon Medical Systems Corporation
10.1.1 Overview
10.1.2 Recent Development
10.1.3 Financial performance
10.2 koninklijke philips nv
10.2.1 Overview
10.2.2 Recent Development
10.2.3 Financial performance
10.3 Siemens AG
10.3.1 Overview
10.3.2 Recent Development
10.3.3 Financial performance
10.4 Samsung Electronics Co.Ltd
10.4.1 Overview
10.4.2 Recent Development
10.4.3 Financial performance
10.5 Hologic, Inc.
10.5.1 Overview
10.5.2 Recent Development
10.5.3 Financial performance

List of Figures:
Figure 01: China - Ultrasound Device Market (Million US$), 2018 - 2022
Figure 02: China - Forecast for Ultrasound Device Market (Million US$), 2023 - 2027
Figure 03: Application - Gynecology/Obstetrics Market (Million US$), 2018 - 2022
Figure 04: Application - Forecast for Gynecology/Obstetrics Market (Million US$), 2023 - 2027
Figure 05: Application - Musculoskeletal Market (Million US$), 2018 - 2022
Figure 06: Application - Forecast for Musculoskeletal Market (Million US$), 2023 - 2027
Figure 07: Application - Radiology Market (Million US$), 2018 - 2022
Figure 08: Application - Forecast for Radiology Market (Million US$), 2023 - 2027
Figure 09: Application - Critical Care Market (Million US$), 2018 - 2022
Figure 10: Application - Forecast for Critical Care Market (Million US$), 2023 - 2027
Figure 11: Application - Other Application Market (Million US$), 2018 - 2022
Figure 12: Application - Forecast for Other Application Market (Million US$), 2023 - 2027
Figure 13: Technology - 2D Ultrasound Market (Million US$), 2018 - 2022
Figure 14: Technology - Forecast for 2D Ultrasound Market (Million US$), 2023 - 2027
Figure 15: Technology - 3D & 4D Ultrasound Market (Million US$), 2018 - 2022
Figure 16: Technology - Forecast for 3D & 4D Ultrasound Market (Million US$), 2023 - 2027
Figure 17: Technology - Doppler Market (Million US$), 2018 - 2022
Figure 18: Technology - Forecast for Doppler Market (Million US$), 2023 - 2027
Figure 19: Technology - Others Market (Million US$), 2018 - 2022
Figure 20: Technology - Forecast for Others Market (Million US$), 2023 - 2027
Figure 21: End-user - Hospital Market (Million US$), 2018 - 2022
Figure 22: End-user - Forecast for Hospital Market (Million US$), 2023 - 2027
Figure 23: End-user - Ambulatory Surgical Centers Market (Million US$), 2018 - 2022
Figure 24: End-user - Forecast for Ambulatory Surgical Centers Market (Million US$), 2023 - 2027
Figure 25: End-user - Others Market (Million US$), 2018 - 2022
Figure 26: End-user - Forecast for Others Market (Million US$), 2023 - 2027
Figure 27: Canon Medical Systems Corporation - Global Revenue (Billion US$), 2018 - 2022
Figure 28: Canon Medical Systems Corporation - Forecast for Global Revenue (Billion US$), 2023 - 2027
Figure 29: Koninklijkephilipsnv - Global Revenue (Billion US$), 2018 - 2022
Figure 30: Koninklijkephilipsnv - Forecast for Global Revenue (Billion US$), 2023 - 2027
Figure 31: Siemens AG - Global Revenue (Billion US$), 2018 - 2022
Figure 32: Siemens AG - Forecast for Global Revenue (Billion US$), 2023 - 2027
Figure 33: Samsung Electronics Co. Ltd. - Global Revenue (Billion US$), 2018 - 2022
Figure 34: Samsung Electronics Co. Ltd. - Forecast for Global Revenue (Billion US$), 2023 - 2027
Figure 35: Hologic, Inc. - Global Revenue (Billion US$), 2018 - 2022
Figure 36: Hologic, Inc. - Forecast for Global Revenue (Billion US$), 2023 - 2027

List of Tables:
Table 01: China - Ultrasound Device Market Share by Application (Percent), 2018 - 2022
Table 02: China - Forecast for Ultrasound Device Market Share by Application (Percent), 2023 - 2027
Table 03: China - Ultrasound Device Market Share by Technology (Percent), 2018 - 2022
Table 04: China - Forecast for Ultrasound Device Market Share by Technology (Percent), 2023 - 2027
Table 05: China - Ultrasound Device Market Share by End Users (Percent), 2018 - 2022
Table 06: China - Forecast for Ultrasound Device Market Share by End Users (Percent), 2023 - 2027

Companies Mentioned

  • Siemens AG
  • Hologic, Inc.
  • koninklijke philips nv
  • Canon Medical Systems Corporation
  • Samsung 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
 

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