Ultrasound Devices Market to Gain Huge Revenue of USD 13.75 Bn By 2028

According to study of Zion Market Research, Ultrasound Devices industry which amassed profits of approximately US$ 6.01 billion in 2021 and is predicted to garner ROI of about US$ 13.75 billion by 2028, is forecast to record a CAGR of nearly 4.9% in period from 2022 to 2028. In addition to this, expansion of ultrasound devices industry over forecasting timeframe is subject to a prominent surge in use of ultrasound equipment in healthcare sector for purpose of medical imaging & treatment. Furthermore, escalating popularity of minimally invasive surgeries & technological breakthroughs in ultrasound imaging tools will prop up growth of ultrasound devices market. In comparison to various other kinds of diagnostic imaging tools, ultrasound devices are considered to be most remarkable diagnostics in medical imaging domain due to its accelerated speed & cost-effectiveness. This will further drive ultrasound devices market trends.

Apparently, ultrasonography is used as a major diagnostic tool in gynecology & obstetrics. Moreover, low radiation, reduced costs, portability, joint pathology diagnosis, and fetal monitoring are few of the key uses of ultrasound devices having effective imaging & diagnostic capability. This, in turn, will scale up progression of ultrasound devices industry. Moreover, technological prowess has helped ultrasound devices become the most preferred tool in therapeutic applications. Reportedly, therapeutic ultrasound is utilized in treating various kinds of musculoskeletal pathologies such as osteoarthritis, myofascial pain, and shoulder pathology. Additionally, ultrasound also finds a slew of applications in quick fracture healing, restricted rhytidectomy, atrial ablation, and extracorporeal shockwave lithotripsy. Combine with MRI, ultrasound can also help in treatment of malignant as well as benign soft tissue tumors. All these factors will spur industry growth.

Diagnostic Ultrasound Devices Market To Expand Exponentially Over Forecast Period

The dominance of diagnostic ultrasound equipment in product segment in coming six years         can be credited to massive penetration of product in obstetrics, oncology, and cardiology. Apart from this, rise in occurrence of myriad kinds of lifestyle-related ailments will create massive preference for diagnostic ultrasound equipment, thereby boosting segmental surge. Demand for advanced diagnostic ultrasound equipment such as miniature 3D, miniature 2D, and miniature 4D will create lucrative growth avenues for ultrasound devices industry.

General Imaging Segment To Contribute Largest Market Revenue By 2028

The segmental growth over next few years can be attributed to cost-effectiveness of general imaging procedure and need for myriad range of scans by medical practitioners for healthcare diagnosis. Apart from this, necessity of diagnosing gall bladder, spleen, thyroid, kidneys, pancreas, and liver for monitoring any kind of disorder in these body parts will steer growth of segment in upcoming years.

Hospitals Segment To Account For Huge Market Share Over 2022-2028

Growth of hospitals segment in ensuing years is subject to large-scale utilization of ultrasound equipment in hospitals along with surge in patient visits to hospitals due to chronic illness. Apart from this, spread COVID-19 pandemic has resulted in huge demand for ultrasound equipment in COVID hospitals, thereby paving way for segmental expansion.

Asia Pacific Ultrasound Devices Market To Register Fastest Growth Over 2022-2028

Growth of regional market over coming six years can be credited to rise in popularity of enhanced imaging equipment. Apparently, industry participants are making use of various business strategies to expand their regional presence. Citing an instance, in June 2020, Japan permitted Philips Healthcare firm in launching ultrasound services for compatible handheld equipment such as Ultrasound instruments. In addition to this, enhanced healthcare services witnessed in Southeast Asian nations will propel regional market demand.   

Key players leveraging growth of ultrasound devices market and included in report are Hitachi Medical Corporation, Analogic Corporation, Mindray Medical International Limited, Philips Healthcare, GE Healthcare, Samsung Medison Co., Ltd., Siemens Healthineers AG, Esaote SpA, Toshiba Corporation, and Fujifilm Holdings Corporation.

Browse the full “Ultrasound Devices Market- By Product (Diagnostic And Therapeutic), By Portability (Handheld And Cart/Trolley), By End-Use (Hospitals, Imaging Centers, And Research Centers), And By Application (Cardiology, Obstetrics, Orthopedics, Vascular, And General Imaging): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028.” Report at https://www.zionmarketresearch.com/report/ultrasound-devices-market

The global Ultrasound Devices Market is segmented as follows:

By Product

• Diagnostic
• Therapeutic

By Portability

• Handheld
• Cart/Trolley

By End-Use

• Hospitals
• Imaging Centers
• Research Centers

By Application

• Cardiology
• Obstetrics
• Orthopedics
• Vascular
• General Imaging

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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