Global Ultrasound Market, By Product Type (Diagnostic, Therapeutic), By Device Display (Color, Black/White), By Portability (Trolley/Cart, Compact/Handheld), By Application (Radiology, Gynaecology, Urology, Cardiology, Orthopaedic & Musculoskeletal, Others), By Region (North America, Eastern Europe, Western Europe, Asia Pacific, Middle East, Rest of the World) – Market Size & Forecasting (2016-2028)

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Ultrasound Market growth is expected to gain high momentum during the forecast period due to increasing demand for imaging devices for diagnostics applications. An ultrasound device is a medical imaging device, which uses high-frequency waves to visualize the internal organs of the body such as blood vessels, kidney, liver, human foetus, heart, etc. This market is gaining momentum, owing to the increase in the number of hospitals and adoption of technologically advanced devices, which can serve the purpose for both diagnostics and therapeutics. Moreover, the cumulative prevalence of cancer is driving the demand for early detections and minimization of expenses. According to the Cancer Research Institute (CRI), there were approximately 17 million new cases of cancer globally, as of 2017, which is also fueling the demand for ultrasound devices.

Segment Analysis

The ultrasound device market has been segmented into product type, device display, portability, and application. Based on product type, the market has been divided into diagnostic and therapeutic. The diagnostic product type segment can be further divided into 2D ultrasound, 3D/4D ultrasound, and Doppler ultrasound. The therapeutic segment can be further divided into shockwave lithotripsy and focused ultrasound. The growth of the ultrasound device market can be attributed to its advanced technology and increased efficacy.

Based on the device display, the market can be segmented into color ultrasound and black/white ultrasound. Based on portability, the market can be divided into trolley/cart and compact/handheld.

Based on application, the market has been divided into radiology, gynaecology, urology, cardiology, orthopaedic/musculoskeletal, and others. Owing to the growing incidences of stem cell-based injuries and the demand for high-quality diagnostic procedures, the radiology segment is expected to lead. The market has been studied for North America, Western Europe, Eastern Europe, Asia Pacific, and Rest of the World.

Key Factors Impacting Market Growth:

  • Increasing demand for imaging devices for diagnostics applications
  • Government initiatives in healthcare sector
  • Technology & Patents

Regional Outlook:

North America, Western Europe, and Asia Pacific by region are estimated to dominate the ultrasound market during the forecast period. These regions have been market leaders for the overall healthcare sector in terms of technological developments and advanced medical treatments. Moreover, the government policies have been favorable for the growth of the healthcare infrastructure in these regions. North America and Western Europe have an established healthcare infrastructure for product innovations and early adaptations. This is expected to drive the demand for ultrasound market during the forecast period. 

The US, Germany, France, UK, Canada, and Spain have been some the major markets in the region. Asia Pacific is estimated to register one of highest CAGR for ultrasound market during the forecast period. This region has witnessed strategic investments by global companies to cater the growing demand in the recent years. China, Japan, India, South Korea, and Australia are amongst some of the key countries for ultrasound market in the region. Other regions including Middle East, Eastern Europe, and Rest of the World (South America and Africa) are estimated to be emerging markets for ultrasound during the forecast period.

Companies Covered: Fujifilm Holdings Corporation, Analogic Corporation, Siemens Healthcare, Esaote S.P.A, Toshiba Medical Systems Corporation, GE Healthcare, Philips Healthcare, Hitachi Medical Corporation, and Mindray Medical International Ltd….

Market Segmentation:

By Product Type:

  • Diagnostic Ultrasound
    • 2D Ultrasound
    • 3D & 4D Ultrasound
    • Doppler Ultrasound
  • Therapeutic Ultrasound
    • Shockwave Lithotripsy
    • Focused Ultrasound

By Device Display:

  • Color Ultrasound
  • B/W Ultrasound

By Portability:

  • Trolley/Cart-based Ultrasound Systems
  • Compact/Handheld Ultrasound Systems

By Application:

  • Radiology
  • Gynaecology
  • Cardiology
  • Urology
  • Orthopaedic and Musculoskeletal
  • Others (neurology, bariatric surgery, breast imaging, and emergency care, among others)

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Product Type
    • By Device Display
    • By Portability
    • By Application
  • Western Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
    • By Product Type
    • By Device Display
    • By Portability
    • By Application
  • Eastern Europe
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Product Type
    • By Device Display
    • By Portability
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
    • By Product Type
    • By Device Display
    • By Portability
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Product Type
    • By Device Display
    • By Portability
    • By Application
  • Rest of the World
    • By Region (South America, Africa)
    • By Product Type
    • By Device Display
    • By Portability
    • By Application

Reasons To Buy This Report:

  • Market size estimation of the ultrasound device market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

  • By Segment
  • By Sub-segment
  • By Region/Country

For more information, contact: [email protected]