Ultrasound Market Insights:
The Ultrasound Market size was valued at USD 7.12 Billion in 2022, expecting a CAGR of 6.6% during the forecast period (2023-2030), and the market is projected to be worth USD 11.87 Billion by 2030.
The increased adoption of Ultrasound 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 also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Ultrasound in many sectors also boosts the market growth during the forecast period.
Ultrasound, also known as sonography, is a medical imaging technique that uses high-frequency sound waves to create images of the inside of the body. The sound waves are emitted from a small, handheld device called a transducer, which is placed on the skin or inside the body (such as in the vagina or rectum) and moved over the area of interest. As the sound waves travel through the body, they bounce off of different tissues and organs and return to the transducer. The transducer then converts the sound waves into electrical signals, which are processed by a computer to create real-time images of the inside of the body.
Ultrasound Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Component (Ultrasound device, Probes, Gel, Others), By Technology (Diagnostic Ultrasound, 2D Ultrasound, 3D and 4D Ultrasound, Doppler Ultrasound, Therapeutic Ultrasound), By Display (Colored Ultrasound, Black and White (B/W) Ultrasound), By Portability (Trolley-based Ultrasound Systems, Handheld/Compact Ultrasound Systems, Point of Care Ultrasound Systems), and companies (GE Healthcare, Konica Minolta, Inc., Koninklijke Philips N.V., Analogic Corporation, Canon Inc., Esaote SpA, Hitachi Ltd., Mindray Medical International Limited, Samsung Medison Co., Ltd), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 6.6%, over the forecast period of 2023–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||11.87 Billion|
|By Component||Ultrasound device, Probes, Gel, Others|
|By Technology||Diagnostic Ultrasound, 2D Ultrasound, 3D and 4D Ultrasound, Doppler Ultrasound, Therapeutic Ultrasound|
|By Display||Colored Ultrasound, Black and White (B/W) Ultrasound|
|By Portability||Trolley-based Ultrasound Systems, Handheld/Compact Ultrasound Systems, Point of Care Ultrasound Systems|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||GE Healthcare, Konica Minolta, Inc., Koninklijke Philips N.V., Analogic Corporation, Canon Inc., Esaote SpA, Hitachi Ltd., Mindray Medical International Limited, Samsung Medison Co., Ltd|
The COVID-19 pandemic has had a substantial negative influence on the Ultrasound 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-
GE Healthcare, Konica Minolta, Inc., Koninklijke Philips N.V., Analogic Corporation, Canon Inc., Esaote SpA, Hitachi Ltd., Mindray Medical International Limited, Samsung Medison Co., Ltd
Market Segment Analysis:
- Ultrasound device
- Diagnostic Ultrasound
- 2D Ultrasound
- 3D and 4D Ultrasound
- Doppler Ultrasound
- Therapeutic Ultrasound
- Colored Ultrasound
- Black and White (B/W) Ultrasound
- Trolley-based Ultrasound Systems
- Handheld/Compact Ultrasound Systems
- Point of Care Ultrasound Systems
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 industries in the region.
Key Ultrasound Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Ultrasound Market segments.
– Largest Market Share Held by Industry to Industry for Ultrasound
– 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 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.
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