1. Market Research
  2. > Healthcare
  3. > Medical Device
  4. > Diagnostic Imaging Market Trends
Ultrasound Medical Devices Global Market - Forecast to 2023

Ultrasound Medical Devices Global Market - Forecast to 2023

  • December 2016
  • 475 pages
  • ID: 4466547
  • Format: PDF
  • By IQ4I Research & Consultancy Pvt. Ltd

Summary

Table of Contents

Search Inside

"Ultrasound also known as diagnostic sonography, ultrasonography or sonogram is a kind of imaging technique/procedure that makes use of high-frequency sound waves for scanning and creating an image of body part (organs and structures inside the body). Compared to other imaging technologies like computed tomography (CT), MRI and others, ultrasound imaging provides real-time imaging of anatomical structures but cannot be used for functional imaging for a long time. Due to its less cost, best imaging quality, workflow efficiency, reliability, no requirement of same computing power, fast frame rates or specialized transducers now-a-days ultrasound scans are most popularly used diagnostic imaging technique.


From the past decade there is a progressive refinement in ultrasound technologies from trolley/cart based equipment to modern handheld miniaturized, wireless and mobile machines with high portability and advanced computational power. Over the years, the speed, efficacy, cost-effectiveness and non-invasive nature of ultrasound imaging diagnostic capabilities have spread its usage across all clinical applications, from obstetrics and gynecology, orthopedics and cardiology to emergency medicine, prostate cancer, breast cancer detection and so on.


Improvement in transducer technology with higher resolution probes, proper configuration for specific anatomic applications, improvement in digital processing and display of the signal, decrease in size of the ultrasound unit to a size of laptop with all new units capable of even transesophageal imaging as well as interface and storage enhancements necessary for storage and documentation/billing are pushing ultrasound imaging towards the mainstream of anesthetic, pain and critical care practice.
The global ultrasound medical devices market is poised to grow at a mid range single digit CAGR to reach $10,106 million by 2023. Ultrasound medical devices market is mainly classified into technology, display, portability, application and end-users.
The global ultrasound medical devices market by technology is divided into diagnostic ultrasound and therapeutic ultrasound. The diagnostic ultrasound is further classified into 2D ultrasound, 3D & 4D ultrasound and Doppler ultrasound. The therapeutic ultrasound segment includes High Intensity Focus Ultrasound (HIFU) and Extracorporeal shockwave lithotripsy (ESWL) ultrasound devices.


The global ultrasound medical devices market by display is classified into black and white and color display modes of ultrasound image. While the global ultrasound medical devices market by portability includes trolley/cart based and compact/ handheld ultrasound devices
The global ultrasound medical devices market by application is segmented into cardiology, radiology/general imaging, women’s health, point of care, urology, orthopedic, cancer, neurology and others. Within application market the radiology application is sub-segmented into abdominal, musculoskeletal, small parts and neonatal. Based on Women’s health the application market is divided into obstetrics & gynecology, breast care, reproductive medicine procedures and uterine fibroids.
The end-users of ultrasound medical devices market are hospitals, private diagnostic laboratories, academic research laboratories and ambulatory surgical centres.


Among the ultrasound technology market, the diagnostic ultrasound segment dominated the market by occupying a largest share and therapeutic ultrasound market is the fastest growing segment from 2016 to 2023. In display, color ultrasound devices segment holds the largest share and fastest growing segment from 2016 to 2023. Likewise, under portability section trolley/cart based ultrasound devices segment holds the largest share and compact/handheld ultrasound devices is the fastest growing segment with a CAGR of 8.1% from 2016 to 2023.

Based on ultrasound application, the radiology/general imaging market dominated the market by occupying a largest share and cancer application market is the fastest growing segment from 2016 to 2023. By end-users, hospital is the largest segment and the fastest segment with a CAGR of 6.2% from 2016 to 2023. Geographical wise, Europe is the largest market followed by North America, Asia and Rest of the World. The Asia region is the fastest growing region with a CAGR of 6.5% from 2016 to 2023 suggesting an array of opportunities for growth and likely to be getting into the eyes of new investors in the ultrasound medical devices market. Growth in the Asian market is attributed to rising prevalence of lifestyle diseases and government initiatives in establishing innovative technologies and demand for sophisticated medical services.


The Ultrasound medical devices global market is expected to grow mid range single digit CAGR during 2016 to 2023. The factors driving the growth of this market are rising population for chronic and lifestyle disorders, increasing public-private investments, funds, and grants and increasing adoption of ultrasound imaging in the field of cardiology, oncology and emergency medicine. While technological shift from conventional to point of care (PoC) ultrasound diagnosis, increasing adaptation of ultrasound devices in hospitals and diagnostic centres and growing penetration of ultrasound device manufacturers in emerging nations are some of the opportunities that are propelling the growth of the market. However lack of skilled sonographers, stringent regulations and legislations, high cost of medical imaging are hampering the growth of the market.


The Ultrasound Medical Devices Global market is a highly consolidated market and all the existing players in this market are involved in developing new and advanced products to maintain their market shares. Some of the key players of the ultrasound medical devices market are Analogic Corporation (U.S.), Esaote S.P.A (Italy), Fujifilm Holdings Corporation (Japan), General Electric Company (U.S.), Hitachi Ltd. (Japan), Koninklijke Philips N.V. (Netherlands), Mindray Medical International Ltd. (China), Samsung Electronics Co. Ltd. (South Korea), Siemens AG (Germany) and Toshiba Corporation (Japan).



The report provides an in depth market analysis of the above mentioned segments across the following regions:
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
20% Off

($4950)

  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.

ref:plp2016

Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on