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China Ultrasound Device Market, Size, Forecast 2024-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis

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    Report

  • 100 Pages
  • March 2024
  • Region: China
  • Renub Research
  • ID: 5715847
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 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 Devices
2. Compact/Handheld Ultrasound Devices

Application - China Ultrasound Device Market breakup in 6 viewpoints:

1. Radiology/General Imaging
2. Cardiology
3. Gynecology
4. Vascular
5. Urology
6. Others

End-User - China Ultrasound Device Market breakup in 6 viewpoints:

1. Hospitals
2. 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 Corporation
2. 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 Summary
4. Market Dynamics
4.1 Growth Drivers
4.2 Challenges
5. China Ultrasound Device Market
6. Market Share - China Ultrasound Device Analysis
6.1 By Portability
6.2 By Application
6.3 By End User
7. Portability - China Ultrasound Device Market
7.1 Trolley/Cart-based Ultrasound Devices
7.2 Compact/Handheld Ultrasound Devices
8. Application - China Ultrasound Device Market
8.1 Radiology/General Imaging
8.2 Cardiology
8.3 Gynecology
8.4 Vascular
8.5 Urology
8.6 Others
9. End-user - China Ultrasound Device Market
9.1 Hospitals
9.2 Surgical Centers
9.3 Diagnostic Centers
9.4 Maternity Centers
9.5 Ambulatory Care Centers
9.6 Academic Institutions
10. Value Chain Analysis - China Ultrasound Device Market
11. Porter’s Five Forces - China Ultrasound Device Market
11.1 Bargaining Power of Buyers
11.2 Bargaining Power of Suppliers
11.3 Degree of Competition
11.4 Threat of New Entrants
11.5 Threat of Substitutes
12. SWOT Analysis - China Ultrasound Device Market
12.1 Strength
12.2 Weakness
12.3 Opportunity
12.4 Threats
13. Key Players Analysis - China Ultrasound Device Market
13.1 Canon Medical Systems Corporation
13.1.1 Overview
13.1.2 Recent Development
13.1.3 Revenue
13.2 koninklijkephilipsnv
13.2.1 Overview
13.2.2 Recent Development
13.2.3 Revenue
13.3 Siemens AG
13.3.1 Overview
13.3.2 Recent Development
13.3.3 Revenue
13.4 Samsung Electronics Co.Ltd
13.4.1 Overview
13.4.2 Recent Development
13.4.3 Revenue
13.5 Hologic, Inc.
13.5.1 Overview
13.5.2 Recent Development
13.5.3 Revenue
13.6 Fujifilm Holdings Corporation
13.6.1 Overview
13.6.2 Recent Development
13.6.3 Revenue
13.7 GE Healthcare
13.7.1 Overview
13.7.2 Recent Development
13.7.3 Revenue
13.8 Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
13.8.1 Overview
13.8.2 Recent Development
13.8.3 Revenue
List of Figure
Figure-01: China - Ultrasound Device Market (Billion US$), 2019 - 2023
Figure-02: China - Forecast for Ultrasound Device Market (Billion US$), 2024 - 2030
Figure-03: Portability - Trolley/Cart-based Ultrasound Devices Market (Million US$), 2019 - 2023
Figure-04: Portability - Forecast for Trolley/Cart-based Ultrasound Devices Market (Million US$), 2024 - 2030
Figure-05: Portability - Compact/Handheld Ultrasound Devices Market (Million US$), 2019 - 2023
Figure-06: Portability - Forecast for Compact/Handheld Ultrasound Devices Market (Million US$), 2024 - 2030
Figure-07: Application - Radiology/General Imaging Market (Million US$), 2019 - 2023
Figure-08: Application - Forecast for Radiology/General Imaging Market (Million US$), 2024 - 2030
Figure-09: Application - Cardiology Market (Million US$), 2019 - 2023
Figure-10: Application - Forecast for Cardiology Market (Million US$), 2024 - 2030
Figure-11: Application - Gynecology Market (Million US$), 2019 - 2023
Figure-12: Application - Forecast for Gynecology Market (Million US$), 2024 - 2030
Figure-13: Application - Vascular Market (Million US$), 2019 - 2023
Figure-14: Application - Forecast for Vascular Market (Million US$), 2024 - 2030
Figure-15: Application - Urology Market (Million US$), 2019 - 2023
Figure-16: Application - Forecast for Urology Market (Million US$), 2024 - 2030
Figure-17: Application - Others Market (Million US$), 2019 - 2023
Figure-18: Application - Forecast for Others Market (Million US$), 2024 - 2030
Figure-19: End User - Hospitals Market (Million US$), 2019 - 2023
Figure-20: End User - Forecast for Hospitals Market (Million US$), 2024 - 2030
Figure-21: End User - Surgical Centers Market (Million US$), 2019 - 2023
Figure-22: End User - Forecast for Surgical Centers Market (Million US$), 2024 - 2030
Figure-23: End User - Diagnostic Centers Market (Million US$), 2019 - 2023
Figure-24: End User - Forecast for Diagnostic Centers Market (Million US$), 2024 - 2030
Figure-25: End User - Maternity Centers Market (Million US$), 2019 - 2023
Figure-26: End User - Forecast for Maternity Centers Market (Million US$), 2024 - 2030
Figure-27: End User - Ambulatory Care Centers Market (Million US$), 2019 - 2023
Figure-28: End User - Forecast for Ambulatory Care Centers Market (Million US$), 2024 - 2030
Figure-29: End User - Academic Institutions Market (Million US$), 2019 - 2023
Figure-30: End User - Forecast for Academic Institutions Market (Million US$), 2024 - 2030
Figure-31: Canon Medical Systems Corporation - Global Revenue (Million US$), 2019 - 2023
Figure-32: Canon Medical Systems Corporation - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-33: koninklijkephilipsnv - Global Revenue (Million US$), 2019 - 2023
Figure-34: koninklijkephilipsnv - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-35: Siemens AG - Global Revenue (Million US$), 2019 - 2023
Figure-36: Siemens AG - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-37: Samsung Electronics Co.Ltd - Global Revenue (Million US$), 2019 - 2023
Figure-38: Samsung Electronics Co.Ltd - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-39: Hologic, Inc. - Global Revenue (Million US$), 2019 - 2023
Figure-40: Hologic, Inc. - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-41: Fujifilm Holdings Corporation - Global Revenue (Million US$), 2019 - 2023
Figure-42: Fujifilm Holdings Corporation - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-43: GE Healthcare - Global Revenue (Million US$), 2019 - 2023
Figure-44: GE Healthcare - Forecast for Global Revenue (Million US$), 2024 - 2030
Figure-45: Shenzhen Mindray Bio-Medical Electronics Co., Ltd. - Global Revenue (Million US$), 2019 - 2023
Figure-46: Shenzhen Mindray Bio-Medical Electronics Co., Ltd. - Forecast for Global Revenue (Million US$), 2024 - 2030
List of Tables
Table-01: China - Ultrasound Device Market Share by Portability (Percent), 2019 - 2023
Table-02: China - Forecast for Ultrasound Device Market Share by Portability (Percent), 2024 - 2030
Table-03: China - Ultrasound Device Market Share by Application (Percent), 2019 - 2023
Table-04: China - Forecast for Ultrasound Device Market Share by Application (Percent), 2024 - 2030
Table-05: China - Ultrasound Device Market Share by End User (Percent), 2019 - 2023
Table-06: China - Forecast for Ultrasound Device Market Share by End User (Percent), 2024 - 2030

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
 

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