Global Ultrasound Imaging Devices Market Outlook 2030
21 Oct 2022
Healthcare & Pharmaceuticals
Impact Analysis on the Growth of Market
Inflation and Looming Recession to Haunt Businesses:
In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022...
The Research Report is Updated with 2022 Base Year, 2023 Estimated year and Forecast till 2035 with Market Insights.
With the dip in global production, the GDP has contracted in 2020 and impacted the market across the world. Upon placing a Sample Request, you will receive an updated report with 2022 as base year, 2023 as estimated year and forecast to 2035. This will have market drivers, recovery rate in the market, insights and competitive analysis.
The global market size of ultrasound imaging device in 2021 is estimated to be USD 9 billion and is expected to foster at a compound annual growth rate of ~6% from 2022 to 2030. Ultrasound is one of many forms of medical images. market. Ultrasound systems use high-frequency sound waves to visualize the internal organs of the body. It can be described as a device that uses high-frequency sound waves to capture images of internal organs. The ultrasound system consists of a transducer and an ultrasound detector or probe. This diagnostic technique is minimally invasive and does not use ionizing radiation to diagnose or treat physical diseases. The impact of the COVID-19 pandemic on medical device companies in the ultrasound equipment industry is expected to remain moderate. Companies are facing setbacks due to the lockdown, which has led to a decline in manufacturing and a sharp drop in patient traffic. In addition, due to the lack of emergency care, the use of imaging systems has declined, and the demand for ultrasound equipment has fallen further. However, the use of imaging systems to diagnose COVID-19 in some cases is offsetting this deadly effect. The main driver of global growth is the increasing prevalence of chronic diseases such as cancerous tumors, gallstones and fatty liver disease.
These include high expenditures in the healthcare industry. In addition, increased awareness of early disease diagnosis and technological advances in ultrasound imaging equipment are the main driving factors that are expected to drive market demand during the forecast period. However, the high cost of ultrasound equipment is expected to limit the use of ultrasound imaging equipment and is expected to slow the growth of the ultrasound imaging equipment market during the forecast period.
The ultrasound equipment market is segmented according to product type, device display, device portability, application, and region. According to the product type, the market is divided into two main equipment segments, namely diagnostic ultrasound systems and therapeutic ultrasound systems. According to the screen type of the equipment, the market is divided into two main types of equipment, namely color ultrasound equipment and black and white (B/W) ultrasound equipment.
According to the portability of the equipment, the market is divided into two main types of equipment, namely cart/trolley ultrasound equipment and compact/portable ultrasound equipment. According to the application, the market is divided into six main segments, namely general radiology/imaging, obstetrics/gynecology, cardiology, urology, vascular and other emergency clinical applications. Analyzed the ultrasound equipment market in North America, Europe, Asia Pacific and LAMEA by region.
PRODUCT TYPE SEGMENTATION:
By product type, the diagnostic ultrasound system segment has the largest market share in 2020 and is expected to maintain its dominant position during the forecast period. This is largely due to the advantages of the system, which can provide meaningful information about soft tissues without exposing the patient to ionizing radiation. Therefore, it is the most preferred diagnostic method in obstetrics and gynecology. It provides a more realistic and complete image of internal organs. In addition, compared with CT, MRI, and hysterosalpingography, ultrasound is cheaper, making ultrasound easier for most patients.
MARKET SEGMENT REVIEW OF DEVICE PORTABILITY :
According to device portability, the ultrasound device market is divided into trolley/trolley ultrasound devices and compact/portable ultrasound devices. Trolley-type/trolley-type ultrasound equipment will account for the largest share in 2020, and the compact/portable ultrasound equipment segment is the fastest-growing market segment. Although the compact/portable ultrasound device segment is expected to grow at a high compound annual growth rate due to the increasing use of portable ultrasound devices for bedside applications, it still cannot surpass ultrasound-based devices. Carts/carts, because they provide higher accuracy and high-performance diagnostic capabilities.
APPLICATION SEGMENT REVIEW :
Based on applications, the general imaging/radiology segment contributed the highest revenue. This is due to the increase in the number of abdominal examinations and the increase in the use of ultrasound equipment for diagnosing abdominal diseases. In addition, due to the preferred diagnostic method for obstetrics and gynecological issues (pregnancy, reproductive and fertility issues, etc.), the OB/GYN part is expected to show the fastest growth in the prognosis period, which is expected to drive industry growth.
REGIONAL BREAKDOWN REVIEW :
By region, North America accounted for the largest share in 2020 and is expected to maintain its dominant position from 2020 to 2030 due to high R&;D expenditure, the existence of major players and the availability of products, technological advancement, New products. Launched in the United States, increasing the sales of ultrasound equipment and a complete healthcare infrastructure in the region.
However, due to the increase in the elderly population, chronic diseases and Asian government investment in the development of medical infrastructure, the Asia-Pacific region is expected to record the highest compound annual growth rate during the forecast period.
LIST OF KEY COMPANIES:
Konica Minolta Inc., Esaote Sp, Fujifilm CorporatioN, General Electric CompanyHitachi, Ltd.,Koninklijke Philips N.V., Mindray Medical International Limiten, Samsung Medison Co. Ltd, Siemens Healthcare and Toshiba Corporation.
MAIN BENEFITS FOR STAKEHOLDERS:
This report involves detailed quantitative analysis and current global trends in the ultrasound equipment market from 2022 to 2030 to identify current opportunities and strategic assessments. Researched the ultrasound equipment market forecast from 2022 to 2030. The scale and estimates are based on a comprehensive analysis of key developments in the ultrasound equipment industry. Qualitative analysis based on innovative products helps strategic business planning. The development strategies adopted by stakeholders in key markets can help understand the competitive landscape of ultrasound equipment. market.
THE MAIN MARKET SEGMENTS:
according to the type of equipment display color ultrasound equipment black and white (B / W) ultrasound equipment by product type ultrasound diagnostic system general imaging obstetrics and gynecology cardiology urology blood vessels other by equipment based on the portability of ultrasound equipment Cart / Cart Compact /Portable Ultrasound Devices.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook