USD 7.9 billion
Report ID: SQSG35A2067 | Region: Global | Published Date: April, 2023 | Pages: 165 | Tables: 117 | Figures: 77
Global Diagnostic Ultrasound Market size was valued at USD 7.9 billion in 2021 and is poised to grow from USD 8.26 billion in 2022 to USD 12.27 billion by 2030, growing at a CAGR of 4.5% in the forecast period (2023-2030).
Diagnostic ultrasound, also known as sonography or diagnostic clinical sonography, is an imaging strategy that utilizes sound waves to deliver pictures of construction inside the body. The pictures can give important data for diagnosing and coordinating treatment for different sicknesses and conditions. The developing predominance of constant sicknesses and expanding rate of birth are key factors to work with the market development. Furthermore, profound developments and technological progressions in diagnostic ultrasound gadgets are impelling the market advancement.
Continuous technological progressions in the field of diagnostic and remedial ultrasound imaging, accessibility of clinical repayments for diagnostic ultrasound methods in mature business sectors, and the developing uses of arising ultrasound procedures (like Doppler ultrasound in vascular imaging and 3D/4D ultrasound in oncology) are driving the development of ultrasound market.
US Diagnostic Ultrasound Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 7.9 billion
3D and 4D
3D and 4D
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The Global Diagnostic Ultrasound Market is segmented based on technology, mobility, application, end-use and region. Based on Technology Diagnostic Ultrasound Market is categorized into 2D, 3D and 4D and Doppler. The Mobility segment is bifurcated into Trolley and Compact/Handheld. By Application, the Diagnostic Ultrasound Market study is segmented into General Imaging, Cardiology and Obstetrics/Gynecology. Based on End-use Diagnostic Ultrasound Market is categorized into Hospitals, Maternity Centers and Others. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Diagnostic Ultrasound Market Analysis by Technology
Doppler section caught a significant market share in 2021 driven by its expanded interest in diagnosing ongoing cardiovascular conditions. The doppler echocardiogram helps in screening the irregularities in the heart valves proficiently. In addition, doppler ultrasound is utilized in high-risk pregnancies. Attributable to a stationary way of life, most pregnant ladies experience the ill effects of hypertension, heftiness, epilepsy, diabetes, and thyroid illness. These elements lead to difficulties in pregnancy. Doppler ultrasound is utilized in such cases to distinguish the development of blood in vessels and study blood dissemination in the uterus, child, and placenta to stay away from any difficulties during birth. Expanding utilizations of doppler ultrasound and its developing use will advance the portion development.
Diagnostic Ultrasound Market Analysis by Mobility
The compact/handheld systems is predicted to hold the biggest market size during the estimated time frame. Expanding product usage due to the comfort and compactness being used for disabled and seriously sick patients. Additionally, portability surges gadget’s ease of use in different medical settings such as remote healthcare facilities, hospitals, and private care centers. Furthermore, handheld units aid doctors in prompt patient assessment and begin screening. Prolonged use by office-based doctors in different clinical strengths, like urology, and gastroenterology has encouraged exorbitant interest for handheld ultrasound devices, therefore cultivating the business development.
Diagnostic Ultrasound Market Analysis by Application
Application in cardiology is likely to hold a bigger market share during the projected time frame. Growing use of diagnostic ultrasound in cardiovascular illness analysis. The weight of heart illnesses is expanding in created as well as creating areas. Diagnostic ultrasound gadgets, alongside other diagnostic devices assume a urgent part in the ideal determination of blood vessel blockages and other cardiovascular issues. Additionally, the harmless idea of the heart ultrasound technique with no realized incidental effects is the greatest benefit that expands its interest.
Diagnostic Ultrasound Market Analysis by End-use
The hospital segment dominated with more than 50% of the market share in 2021 affected by the rising interest for negligibly obtrusive techniques and high interest in cutting edge clinical gadgets and medical care foundation. The rising number of hospitals will produce demand for cutting edge clinical gadgets including diagnostic ultrasound devices, subsequently prodding the industry size. The huge portion of this segment can be credited to aspects, such as, a critical number of ultrasound-based operations acted in clinics, coupled with the developing number of healthcare facilities across significant business sectors, and rising acceptance of minimally invasive diagnostic and surgical procedures in these mrdical facilities.
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Europe is projected to posses the maximum share of the ultrasound market in 2021. Factors such as countless continuous clinical exploration projects in the field of ultrasound, developments in the clinical uses of centered ultrasound and the early commercialization of these gadgets in the region, and the huge medical care consumption across mature European nations such as France, Germany, the UK, Spain and Italy are driving the expansion of the ultrasound market in Europe.
North America diagnostic ultrasound market represented the second largest revenue share in 2021 attributable to the rising presence of continual illnesses in the region. Furthermore, the innovative progressions filled by private funding and government, and the presence of reputable key players such as Siemens, GE Healthcare and Philips are equipped to impel the market demand.
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Diagnostic Ultrasound Market Driver
Diagnostic Ultrasound Market Restraint
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The Diagnostic Ultrasound Market is competitive, with the existence of several number of major firms operating in both domestic and international markets. The industry's top players are embracing strategic collaboration initiatives to improve market share and profitability. Some of the major players in the market are Siemens Healthineers AG, GE Healthcare, FUJIFILM Holdings Corporation, Koninklijke Philips N.V., Canon Medical Systems Corporation, Samsung Electronics Co. Ltd., Mindray Medical International Limited, Konica Minolta Inc., ESAOTE SPA, and Hologic, Inc., among others who are driving the market.
Diagnostic Ultrasound Market Top Player’s Company Profiles
Diagnostic Ultrasound Market Recent Developments
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According to our analysis, the rising number of pregnancies will produce interest for diagnostic ultrasound systems, as it is one of the best and effective imaging innovation utilized in prenatal periods. However, the excessive costs of novel ultrasound devices and monetary limitations may hamper the market growth in near future.
|Market size value in 2021||USD 7.9 billion|
|Market size value in 2030||USD 8.26 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
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For the Global Diagnostic Ultrasound Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Diagnostic Ultrasound Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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