Ultrasound Market Size, Share, Trends and Forecast, 2030

According to study of Zion Market Research, Ultrasound Devices industry which amassed profits of approximately US$ 6.01 billion in 2022 and is predicted to garner ROI of about US$ 13.75 billion by 2030,

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The report covers forecasts and analysis for the ultrasound market on a global and regional level. The study provides historic data from 2021 along with a forecast from 2022 to 2028 based on revenue (USD billion). The study includes drivers and restraints for the ultrasound market along with the impact they have on demand over the forecast period. Additionally, the report includes a study of opportunities available in the ultrasound market on a global level.

In order to give the users of this report a comprehensive view of the ultrasound market, we have included a detailed segmentation of the ultrasound market. To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the ultrasound market has also been included. The study encompasses a market attractiveness analysis, wherein product segments and processed product segments are benchmarked based on their market size, growth rate, and general attractiveness.

Ultrasound is a kind of imaging process utilized to examine internal body organs. The machine transmits high-frequency sound waves, which reflect off body structures. A computer gets the waves and uses them to make a high-quality image of body parts, which makes it an excellent diagnostic technique. During pregnancy, doctors use ultrasound to see the fetal growth. Unlike CT scan and X-Ray, this test does not use ionizing radiation. An ultrasound inspection could be done for several reasons such as for diagnosis of disease, examination of abdominal or other body organs and assessment of any breast lump and among others.

Ultrasound technology is expected to improve in the forthcoming years. Increasing demand for ultrasonic devices worldwide is anticipated the growth of the market. Technical advancement in the ultrasound machine and novel technologies expected to boost market demand in near future. However, expensive procedures and unfavorable healthcare amendments in regulations are major factors restraining the market growth during the coming years.

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The study provides a decisive view of the ultrasound market by segmenting it based on product, technology, application, and regions.  The ultrasound product segment includes cart- or  trolley-based ultrasound devices and compact ultrasound devices. 2D, 3D, 4D ultrasound, doppler, and others are technology segments of the ultrasound market. All the segments have been analysed based on present and future trends, and the market is estimated from 2015 to 2021. The ultrasound application segment includes radiology, cardiology, urology, gastroenterology, gynaecology, and others. The regional segmentation includes the current and forecast demand for North America, Europe, Asia-Pacific, and the rest of the world. This segmentation includes demand for alcohol-based disinfectants based on individual applications in all the regions.

The ultrasound market is segmented on the basis of product, technology, application and region. The product type segment for the ultrasound market includes cart/trolley based ultrasound devices and compact ultrasound devices. Among all, cart/trolley based ultrasound devices were the largest product segments that accounted for a significant share of global ultrasound market in 2015 and are expected to be the fastest growing segment for the coming years.A compact ultrasound device has been recognized as the highest emerging segment during the forthcoming years, owing to technological improvement and high efficiency of the device.

On the basis of technology, ultrasound market is segmented into 2D ultrasound, 3D ultrasound, 4D ultrasound, doppler and other ultrasound technology. Based on technology 3D and 4D ultrasound dominated the market and acquired around 40% of the overall market share in 2015. Radiology, cardiology, urology, gastroenterology, gynecology and others are the key application of the ultrasound market.Radiology segment is expected to expand at the fastest growth rate during the forecast period.

Geographically, ultrasound market is segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa.  Europe was the leading market in 2015 and is predictable to continue its dominance throughout the forecast period.North America is expected to exhibit productive growth by 2021 due fast innovations in technology and vast impending market. Among all regions, Asia Pacific region is one of the fastest growing regions for ultrasound market owing to increasing disposable income and growing awareness in rising economies such as India and China.

Report Scope:  

Key players included in the report are:

• Siemens AG
• GE Healthcare
• Analogic Corporation
• Fujifilm Holdings Corporation
• Mindray Medical International Ltd.
• Esaote SpA
• Hitachi Ltd., and others.

The report segments the global ultrasound market as:

Ultrasound Market: Product Segment Analysis

• Cart/trolley based ultrasound devices
• Compact ultrasound devices

Ultrasound Market:  Technology Segment Analysis

• 2D Ultrasound
• 3D Ultrasound
• 4D Ultrasound
• Doppler
• Other

Ultrasound Market:  Application Segment Analysis

• Radiology
• Cardiology
• Urology
• Gastroenterology
• Gynecology
• Others

Ultrasound Market: Regional Segment Analysis

• North America
  • U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East & Africa