Ultrasound Device Market Insights:
The Ultrasound Device Market size was valued at USD 8.26 Billion in 2022, expecting a CAGR of 4.4% during the forecast period (2023-2030), and the market is projected to be worth USD 11.66 Billion by 2030.
Driver:
The increased adoption of Ultrasound Device in the Medical Devices industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Ultrasound Device also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Ultrasound Device in many sectors also boosts the market growth during the forecast period.
An ultrasound device, also known as an ultrasound machine or ultrasound scanner, is a medical imaging tool that uses high-frequency sound waves to produce images of internal body structures such as organs, tissues, and blood vessels. The device sends sound waves through the body and detects the echoes that bounce back, which are then converted into visual images by a computer. Ultrasound devices are commonly used in obstetrics and gynecology to monitor fetal development and pregnancy, as well as in cardiology, radiology, and other medical fields to diagnose and monitor various conditions.
Ultrasound Device Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Product (Diagnostic Ultrasound Devices, Therapeutic Ultrasound Devices), By Portability (Handheld, Cart/Trolley), By Application (Cardiology, Obstetrics/Gynaecology, Vascular, Orthopedic, General Imaging), and companies (Koninklijke Philips N.V., GE Healthcare, Siemens Healthineers AG, Canon Medical Systems, Mindray Medical International Limited, Samsung Medison Co., Ltd., FUJIFILM SonoSite, Inc., Konica Minolta Inc., Esaote), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 4.4%, over the forecast period of 2023–2030.
Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Billion) | 11.66 Billion |
| CAGR (2023-2030) | 4.4% |
| By Product | Diagnostic Ultrasound Devices, Therapeutic Ultrasound Devices |
| By Portability | Handheld, Cart/Trolley |
| By Application | Cardiology, Obstetrics/Gynaecology, Vascular, Orthopedic, General Imaging |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Koninklijke Philips N.V., GE Healthcare, Siemens Healthineers AG, Canon Medical Systems, Mindray Medical International Limited, Samsung Medison Co., Ltd., FUJIFILM SonoSite, Inc., Konica Minolta Inc., Esaote |
Covid-19 Impact:
The COVID-19 pandemic has had a substantial negative influence on the Ultrasound Device market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Koninklijke Philips N.V., GE Healthcare, Siemens Healthineers AG, Canon Medical Systems, Mindray Medical International Limited, Samsung Medison Co., Ltd., FUJIFILM SonoSite, Inc., Konica Minolta Inc., Esaote
Market Segment Analysis:
By Product
- Diagnostic Ultrasound Devices
- 2D
- 3D/4D
- Doppler
- Therapeutic Ultrasound Devices
- Extracorporeal Shockwave Lithotripsy
- High-intensity Focused Ultrasound
By Portability
- Handheld
- Cart/Trolley
By Application
- Cardiology
- Obstetrics/Gynaecology
- Vascular
- Orthopedic
- General Imaging
Region
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Ultrasound Device industries in the region.
Key Ultrasound Device Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Ultrasound Device Market segments.
– Largest Market Share Held by Industry to Industry for Ultrasound Device
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Ultrasound Device Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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Research Methodology
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