Ultrasound Market size was valued at USD 11.25 Bn in 2029


Posted July 27, 2023 by Monal123

Ultrasound as a tool for medical image analysis evolved rapidly during the second half of the 20th century.
 
Ultrasound Market size was valued at USD 7.24 Bn. in 2022 and the total Ultrasound revenue is expected to grow by 6.5% from 2023 to 2029, reaching nearly USD 11.25 Bn.

Market Overview:

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Market Scope:

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Market Dynamics:

During the second half of the 20th century, ultrasound as a technique for medical image interpretation advanced quickly. When its distinctive features offered clear advantages over other imaging modalities, its value was demonstrated in the field of imaging. It is well known for being a nonionizing, non-intrusive kind of energy. The need for both fundamental and specialised ultrasound services has gradually grown and is still expanding as new horizons are opened up.

Segmentation:

by Technology (2022-2029)
• Diagnostic Ultrasound
o 2D Ultrasound
o 3D & 4D Ultrasound
o Doppler Ultrasound
• Therapeutic Ultrasound
o High-Intensity Focused Ultrasound (HIFU)
o Extracorporeal Shockwave Lithotripsy (ESWL)

With a 72% market share, the Diagnostic Ultrasound devices category leads the industry in terms of technology. This is due to the numerous uses in oncology, cardiology, and obstetrics. The need for diagnostic ultrasonography devices is also anticipated to increase due to technology improvements and the rising prevalence of numerous lifestyle-related illnesses. The desire for more advanced diagnostic tools, like miniaturised 2D and 3D/4D, is also expected to fuel the global market for diagnostic ultrasound devices. It is further divided into 2D, 3D/4D, and Doppler segments.

by Application (2022-2029)
• Radiology/General Imaging Applications
• Obstetrics/Gynecology Applications
• Cardiology Applications
• Urology Applications
• Vascular Applications
• Orthopedic and Musculoskeletal Applications
• Pain Management Applications
• Other Applications (hepatology, neurology, bariatric surgery, breast imaging, and emergency care, among others)

The Radiology/General Imaging Segment, which dominated the market by Application in 2022, is anticipated to continue to rule the market with a 29% share during the forecast period. A wide range of scans, including those of the abdomen, musculoskeletal system, small parts, urology, liver, thyroid, scrotum, bladder, pancreas, kidneys, spleen, and gallbladder, are all included in general imaging, which is less expensive than other applications.

by End-User (2022-2029)
• Hospitals, Surgical Centers, and Diagnostic Centers
• Maternity Centers
• Ambulatory Care Centers
• Research and Academia
• Other End Users (physiotherapy clinics, independent associations, government organizations, and sports academies, among others)

The Hospital end-user category accounted for the largest revenue share of over 39.5% in 2022 and is anticipated to continue dominating the ultrasound device market with the highest CAGR over the course of the forecast period. Two elements that have contributed to the segment's growth are the widespread use of ultrasound technology in medical settings and the rise in people seeking care for a variety of lifestyle-related illnesses. It is predicted that the demand for ultrasound technology in both outpatient and inpatient settings would increase as portable systems become more readily available. Due to the increased adoption of technologically advanced imaging systems and the rising number of hospital mergers and acquisitions with other market rivals over the course of the forecast period, the demand for new installations is also predicted to rise.

Key Players:

1. GE Healthcare (US)
2. Hologic, Inc (US)
3. Integra Medical Systems LLC (US)
4. Analogic Corporation (US)
5. Carestream Health (US)
6. Medgyn Products, Inc (US)
7. United Imaging Healthcare Co., Ltd. (US)
8. Clarius Mobile Health (Canada)
9. Neusoft Corporation (China)
10. SonoScape Medical Corp. (China)
11. Mindray Medical International Limited (China)
12. Chison Medical Technologies Co., Ltd. (China)
13. CANON MEDICAL SYSTEMS CORPORATION (Japan)
14. Hitachi Ltd. (Japan)
15. FUJIFILM Holdings Corporation (Japan)
16. Konica Minolta, Inc (Japan)
17. Samsung Medison Co., Ltd. (South Korea)
18. CURA Healthcare (India)
19. Siemens Healthcare (Germany)
20. Esaote SpA (Italy)
21. Koninklijke Philips N.V. (Netherlands)

The report discusses major advancements in the Global Automotive Electric Fuel Pumps industry, as well as organic and inorganic growth strategies. Various businesses are concentrating on organic growth tactics such as new launches, product approvals, and other things like patents and events. Acquisitions, partnerships, and collaborations were among the inorganic growth tactics observed in the industry. With the increased demand, industry participants in the Global Automotive Electric Fuel Pumps market are expected to benefit from attractive growth prospects in the future. The following is a list of a few firms involved in the document camera industry.

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Regional Analysis:

The Global Automotive Electric Fuel Pumps research details the market area, which is further broken into sub-regions and countries. This section of the report contains information on profit forecasts as well as market share in each country. This part of the study discusses each region's, country's, and sub-market region's share and growth rate over the estimated time.

The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, Asia Pacific, Middle East, and Africa, and South America after evaluating political, economic, social, and technical factors affecting the Global Automotive Electric Fuel Pumps market in these regions.

COVID-19 Impact Analysis on Engineering Plastic Compound Market:

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Key Questions Answered in the Engineering Plastic Compound Market Report are:
What is the market potential for Global Automotive Electric Fuel Pumps ?
Which regional market will emerge as a leader in the next years?
Which application category will see rapid growth?
What chances for development could exist in the Global Automotive Electric Fuel Pumps sector in the upcoming years?
What are the most important future obstacles that the Global Automotive Electric Fuel Pumps market may face?
Who are the market leaders in the Global Automotive Electric Fuel Pumps segment?
What are the primary trends that are positively affecting market growth?

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Issued By monalyadav
Business Address MAXIMIZE MARKET RESEARCH PVT. LTD. ⮝ 444 West Lake Street, Floor 17, Chicago, IL, 60606, USA.
Country India
Categories Business
Tags ultrasound market , ultrasound market share , ultrasound market size
Last Updated July 27, 2023