Ultrasound Market by Technology (Diagnostic, FUS, SWL), Display (Color, B/W), Portability (Trolley, Compact, Portable, POC), Application (Radiology, OB/GYN, Urology, Cardiology, Orthopedic), End user (Hospitals, ACC, Diagnostic Centers) - Forecast to 2023
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Request For Special Pricing[211 Pages Report] The global ultrasound market size is expected to grow at a CAGR of 5.9% from USD 6,281.6 billion in 2018 to USD 8,349.3 billion by 2023. Factors such as increasing prevalence of target diseases; rising patient preference for minimally invasive procedures; technological advancements; increasing number of diagnostic centers & hospitals; and growing public and private investments, funding, and grants are driving the growth of the ultrasound market during the forecast period. However, stringent government regulations may restrict the growth of the market to a certain extent.
By technology, diagnostic ultrasound segment to hold the largest share of ultrasound market during the forecast period
The diagnostic ultrasound segment is expected to command the largest share of the ultrasound market due to the significant usage of 2D ultrasound in womens health, availability of medical reimbursements for diagnostic ultrasound procedures in mature markets, ongoing technological advancements in the field of diagnostic ultrasound imaging, and the growing applications of emerging ultrasound techniques (such as Doppler ultrasound in vascular imaging and 3D/4D ultrasound in oncology).
By device display, the color ultrasound segment is expected to account for the largest share during the forecast period
The color ultrasound segment is expected to account for the largest share of the global ultrasound market. This can be attributed to factors such as benefits offered by color ultrasound devices (such as better image quality and higher image resolution), growing market availability of advanced color ultrasound devices coupled with continuous decline in product cost across major countries, and expanding distribution networks of major manufacturers across emerging countries.
The Asia Pacific ultrasound market is projected to register the highest CAGR during the forecast period
The market in Asia Pacific, on the other hand, is projected to register the highest CAGR during the forecast period. Growth in this regional market can be attributed to the increasing healthcare expenditure across the regions major countries (especially India and China), growing public awareness about the therapeutic potential of ultrasound technologies, continuous decrease in device costs (due to growing localized manufacturing and the presence of global market players), rising prevalence of target diseases, and the ongoing trend of device miniaturization.
Market Dynamics
Driver:Technological advancements
During the last decade, the diagnostic imaging industry has witnessed significant technological advancements in the field of ultrasound, including the emergence of focused ultrasound, portable & miniaturized platforms, and smartphone-based ultrasound devices.
Technologically advanced ultrasound devices offer faster diagnostic outcomes, higher image quality, easier device operability, and affordability, as compared to traditional platforms. Moreover, the end-user preference has shifted from traditional 2D B/W imaging to 3D/4D/5D ultrasound workflows that offer real-time data sharing and analysis. Researchers and major players are continuously engaged in the development and commercialization of novel ultrasound techniques that could offer effective and safe disease management strategies.
Restraint:Stringent government regulations
Unsupportive government regulations are expected to impact the profit margins of major players engaged in the manufacturing and distribution of ultrasound products across mature as well as emerging markets.
Opportunity:Advent of POC ultrasound devices
With the growing trend of device miniaturization in diagnostic imaging, the ultrasound market has witnessed the ongoing development and commercialization of portable & compact platforms. These devices offer operational flexibility for use in non-hospital settings such as POLs, out-patient clinics, and home settings. Such POC ultrasound devices are increasingly being recognized for their effective clinical role in emergency & critical conditions including trauma cases, day-care surgical procedures, self-testing of pregnancy, and home care. The favorable market outlook for POC systems has prompted a number of players to focus on their development and commercialization. With growing patient emphasis on effective & accurate disease management strategies as well as the rising market availability of products, the PoC ultrasound devices market are expected to witness positive growth during the forecast period.
Challenge:Dearth of skilled and well-trained sonographers
Physicians largely depend on sonographers for the effective & accurate evaluation of ultrasound examinations. Technical skill and on-hand experience are critical to ensuring the optimal use of ultrasound devices for effective and accurate disease diagnosis. Poorly captured images may lead to incorrect interpretation or the unnecessary repetition of ultrasound examinations. Moreover, a well-trained sonographer is able to interpret the scanned image in order to document the presence of any medical abnormalities as mandated by relevant professional organizations.
However, major healthcare markets (such as US, UK, Canada, and Australia) are witnessing a severe shortage of well-trained sonographers. This is expected to slow the adoption of ultrasound devices to a certain extent.
Scope of the Report
|
Report Metric |
Details |
|
Market size available for years |
20162023 |
|
Base year considered |
2017 |
|
Forecast period |
20182023 |
|
Forecast units |
USD million and billion |
|
Segments covered |
Technology, Device Display, System Portability, Application, End User and Region |
|
Geographies covered |
North America, Europe, Asia Pacific (APAC) and Rest of the World (RoW) |
|
Companies covered |
Analogic Corporation (US), Esaote (Italy), FUJIFILM Holdings Corporation (Japan), General Electric (US), Hitachi Ltd (Japan), Koninklijke Philips N.V. (Philips) (Netherlands), Mindray Medical International (China), Siemens AG (Germany), Canon Medical Systems (Japan), Shimadzu Corporation (Japan), Samsung Electronics (South Korea) |
The research report categorizes the ultrasound market to forecast the revenues and analyze the trends in each of the following sub-segments:
Ultrasound Market, by technology:
- Diagnostic Ultrasound
- Therapeutic Ultrasound
Ultrasound Market, by device display:
- Color ultrasound
- black and white (b/w) ultrasound
Ultrasound Market, by system portability:
- trolley/Cart-Based Ultrasound Systems
- Compact/Handheld Ultrasound Systems
- Point-Of-Care (PoC) Ultrasound systems
Ultrasound Market, by Application:
- Radiology/General Imaging Applications
- Cardiology Applications
- Obstetrics/Gynecology Applications
- Vascular Applications
- Urological Applications
- Orthopedic and Musculoskeletal Applications
- Pain Management Applications
- Other Applications
Ultrasound Market, by End User:
- Hospitals, Surgical Centers, and Diagnostic Centers
- Maternity Centers
- Ambulatory care centers
- Research and academia
- Other End Users
Ultrasound Market, by Region:
- North America
- Europe
- Asia Pacific (APAC)
- Rest of the World (RoW)
Key Market Players
General Electric (US), Philips N.V. (Philips) (Netherlands), Canon Medical Systems (Japan), Siemens AG (Germany), Hitachi Ltd (Japan)
Recent Developments
- In May 2018, Analogic Corporation launched the bkSpecto ultrasound system at the 2018 American Urological Association Annual Meeting.
- In March 2018, Trice Imaging expanded its partnership with GE Healthcare for software enhancements and developments to be made for GEs LOGIQ E10 ultrasound system.
- In January 2018, General Electric launched Versana Essential and advanced radiology ultrasound system, LOGIQ E10.
- In November 2017, FUJIFILM Holdings launched a full-suite pediatric solutions portfolio, with point-of-care ultrasound product line, which includes Vevo MD and SonoSite X-Porte.
- In May 2017, Philips launched TrueVue, GlassVue, and aReveal for OB/GYN ultrasound systems.
Critical questions the report answers:
- Where will all these developments take the ultrasound market in the long term?
- What are the upcoming trends for the ultrasound market?
- Which segment in ultrasound market provides the most opportunity for growth?
- Who are the leading vendors operating in this market?
- What are the opportunities for new market entrants in the ultrasound market?
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 19)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency Used for the Study
1.5 Market Stakeholders
2 Research Methodology (Page No. - 22)
2.1 Research Data
2.1.1 Secondary Research
2.1.2 Primary Research
2.2 Market Estimation Methodology
2.2.1 Revenue-Based Market Estimation
2.2.2 End-User Based Market Estimation
2.2.3 Primary Research Validation
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
2.5 Research Limitations
3 Executive Summary (Page No. - 33)
4 Premium Insights (Page No. - 38)
4.1 Ultrasound: Market Overview
4.2 Market, By Technology, 2018 vs 2023, (USD Million)
4.3 Market, By Type, 2018 vs 2023, (USD Million)
4.4 Market, By Type, 2018 vs 2023, (USD Million)
4.5 Market, By Device Display, 2018 vs 2023, (USD Million)
4.6 Market, By System Portability, 2018 vs 2023, (USD Million)
4.7 Market, By Application, 2018 vs 2023, (USD Million)
4.8 Market, By End User, 2018 vs 2023, (USD Million)
4.9 Market: Geographical Snapshot
5 Market Overview (Page No. - 45)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Prevalence of Target Diseases
5.2.1.2 Rising Patient Preference for Minimally Invasive Procedures
5.2.1.3 Technological Advancements
5.2.1.4 Growing Public and Private Investments, Funding, and Grants
5.2.1.5 Increasing Number of Diagnostic Centers & Hospitals
5.2.2 Restraints
5.2.2.1 Stringent Government Regulations
5.2.3 Opportunities
5.2.3.1 Expanding Applications of Therapeutic Ultrasound
5.2.3.2 Emerging Markets
5.2.3.3 Advent of POC Ultrasound Devices
5.2.4 Challenges
5.2.4.1 Growing End-User Preference for Refurbished Equipment
5.2.4.2 Dearth of Skilled and Well-Trained Sonographers
5.3 Industry Trends
5.3.1 Development of Application-Specific Ultrasound Devices
5.4 Pricing Trend Analysis (2015-2017)
5.4.1 North America
5.4.2 Europe
5.4.3 Asia Pacific
5.4.4 Rest of the World
6 Ultrasound Market, By Technology (Page No. - 55)
6.1 Introduction
6.2 Diagnostic Ultrasound
6.2.1 2D Ultrasound
6.2.1.1 Strong Market Demand in Less-Developed and Emerging Countries to Sustain Revenue Growth of 2D Ultrasound Manufacturers
6.2.2 3D and 4D Ultrasound
6.2.2.1 Greater Diagnostic Accuracy & Improved Imaging Capabilities to Boost the Global Market Demand for 3D Ultrasound
6.2.3 Doppler Ultrasound
6.2.3.1 Growing Applications in Pain Management, Emergency Care, and Cardiovascular Imaging to Drive Doppler Market Demand
6.3 Therapeutic Ultrasound
6.3.1 Shockwave Lithotripsy
6.3.1.1 Greater Patient Emphasis on Minimally Invasive Treatment of Kidney & Gall Bladder Stones to Replicate Into Higher Demand for Lithotripsy Products
6.3.2 Focused Ultrasound
6.3.2.1 Greater Clinical Evidence to Establish the Safety & EffiCACy Profile for Various Cancer Treatment to Drive Adoption of Focused Ultrasound
7 Market, By Device Display (Page No. - 79)
7.1 Introduction
7.2 Color Ultrasound
7.2.1 Greater Market Availability of Advanced Color Ultrasound Devices to Drive Their Market Growth Till 2023
7.3 Black and White (B/W) Ultrasound
7.3.1 APAC to Register Sustained Market Demand for B/W Ultrasound Products During the Study Period
8 Market, By System Portability (Page No. - 85)
8.1 Introduction
8.2 Trolley/Cart-Based Ultrasound Systems
8.2.1 Increased Usage for Acute Care & Emergency Care Among Providers to Drive the Market Demand for Trolley Based Systems
8.3 Compact/Handheld Ultrasound Systems
8.3.1 Procedural & Technical Benefits as Well as Device Affordability to Drive Greater Adoption of Compact Ultrasound
8.4 Point-of-Care (POC) Ultrasound Systems
8.4.1 Improved Operational & Clinical EffiCACy to Boost POC Market Growth
9 Market, By Application (Page No. - 93)
9.1 Introduction
9.2 Radiology/General Imaging Applications
9.2.1 Greater Adoption in Image-Guided Surgery/Radiology Procedures to Drive Market Demand
9.3 Cardiology Applications
9.3.1 Rising Prevalence of Cardiac Disorders Across Major Healthcare Markets Will Drive the Market
9.4 Obstetrics/Gynecology Applications
9.4.1 Rising Demand for Uterine Fibroid and Obstetric Application to Boost Market Demand
9.5 Vascular Applications
9.5.1 Vascular Application to Be the Fastest-Growing Application Segment in the Ultrasound Industry
9.6 Urological Applications
9.6.1 Greater Patient Emphasis on Minimally Invasive Medical Procedures to Boost Market Revenues
9.7 Orthopedic and Musculoskeletal Applications
9.7.1 Rising Patient Preference for Effective & Early Disease Diagnosis to Boost Market Growth
9.8 Pain Management Applications
9.8.1 Ultrasound Devices are Increasingly Being Utilized for Trauma & Emergency Care Applications
9.9 Other Applications
10 Market, By End User (Page No. - 103)
10.1 Introduction
10.2 Hospitals, Surgical Centers, and Diagnostic Centers
10.2.1 Significant Number of Ultrasound-Based Medical Procedures Performed Among Major Providers
10.3 Maternity Centers
10.3.1 Increased Usage of 3D, 4D, and Doppler Ultrasound for OB/GYN Applications
10.4 Ambulatory Care Centers
10.4.1 Increasing Number of Minimally Invasive & Emergency Medical Procedures Performed By Accs
10.5 Research and Academia
10.5.1 Growing Number of Industry-Academia Collaborations to Develop Novel Ultrasound Products
10.6 Other End Users
11 Market, By Region (Page No. - 111)
11.1 Introduction
11.2 Europe
11.2.1 Germany
11.2.1.1 Expansion of Application Horizons to Driver Market in the Country
11.2.2 France
11.2.2.1 Growing Patient Emphasis on Minimally Invasive Medical Procedures to Drive Market Demand
11.2.3 UK
11.2.3.1 Increased Geriatric Patients to Be Major Contributor in Market Growth
11.2.4 Italy
11.2.4.1 Improved Reimbursement Scenario & Increasing Researches to Support Overall Market Growth
11.2.5 Spain
11.2.5.1 Low Market Entry Barrier to Drive Revenue Growth of Global Ultrasound Manufacturers
11.2.6 Rest of Europe
11.3 North America
11.3.1 US
11.3.1.1 Increasing Adoption of Novel Ultrasound Technologies to Drive the Market Growth for Portable Platforms
11.3.2 Canada
11.3.2.1 Significant Number of Ultrasound-Based Medical Procedures to Replicate Into Their Sustained Market Demand
11.4 Asia Pacific
11.4.1 China
11.4.1.1 Significant Expansion of Healthcare Infrastructure Coupled With Localized Manufacturing to Drive the Market Growth
11.4.2 Japan
11.4.2.1 Favorable Reimbursement Scenario Coupled With Significant Geriatric Population to Boost the Japanese Market
11.4.3 India
11.4.3.1 Significant Burden for Target Diseases Coupled With Availability of Affordable Devices to Drive Market Growth
11.4.4 Rest of Asia Pacific
11.5 Rest of the World
11.5.1 Latin America
11.5.1.1 Significant Prevalence for Target Conditions to Sustain the Ultrasound Market Demand
11.5.2 Middle East
11.5.2.1 Increased Patient Awareness About Ongoing Technological Advancements to Be the Major Driving Factor
11.5.3 Africa
11.5.3.1 Significant Patient Population for Chronic Diseases to Drive Market Growth
12 Competitive Landscape (Page No. - 157)
12.1 Introduction
12.2 Global Market Share Analysis (2017)
12.3 Competitive Scenario
13 Company Profiles (Page No. - 161)
(Business Overview, Products Offered, Recent Developments, MnM View)*
13.1 Analogic Corporation
13.2 Esaote
13.3 FUJIFILM Holdings Corporation
13.4 General Electric Company
13.5 Hitachi Ltd.
13.6 Koninklijke Philips N.V.
13.7 Mindray Medical International Ltd.
13.8 Siemens AG
13.9 Canon Medical Systems Corporation
13.10 Shimadzu Corporation
13.11 Samsung Electronics
13.12 Carestream Health
13.13 Hologic
13.14 Mobisante, Inc.
13.15 Chison Medical Imaging
*Business Overview, Products Offered, Recent Developments, MnM View Might Not Be Captured in Case of Unlisted Companies.
14 Appendix (Page No. - 203)
14.1 Discussion Guide
14.2 Knowledge Store: Marketsandmarkets Subscription Portal
14.3 Available Customizations
14.4 Related Reports
14.5 Author Details
List of Tables (150 Tables)
Table 1 Ultrasound Market, By Technology, 20162023 (USD Million)
Table 2 Diagnostic Market, By Type, 20162023 (USD Million)
Table 3 Diagnostic Market, By Region, 20162023 (USD Million)
Table 4 Diagnostic Market, By Device Display, 20162023 (USD Million)
Table 5 Diagnostic Market, By System Portability, 20162023 (USD Million)
Table 6 Diagnostic Market, By Application, 20162023 (USD Million)
Table 7 Diagnostic Market, By End User, 20162023 (USD Million)
Table 8 2D Diagnostic Market, By Region, 20162023 (USD Million)
Table 9 2D Diagnostic Market, By Device Display, 20162023 (USD Million)
Table 10 2D Diagnostic Market, By System Portability, 20162023 (USD Million)
Table 11 2D Diagnostic Market, By Application, 20162023 (USD Million)
Table 12 2D Diagnostic Market, By End User, 20162023 (USD Million)
Table 13 3D/4D Diagnostic Market, By Region, 20162023 (USD Million)
Table 14 3D/4D Diagnostic Market, By Device Display, 20162023 (USD Million)
Table 15 3D/4D Diagnostic Market, By System Portability, 20162023 (USD Million)
Table 16 3D/4D Diagnostic Market, By Application, 20162023 (USD Million)
Table 17 3D/4D Diagnostic Market, By End User, 20162023 (USD Million)
Table 18 Doppler Diagnostic Ultrasound Market, By Region, 20162023 (USD Million)
Table 19 Doppler Diagnostic Market, By Device Display, 20162023 (USD Million)
Table 20 Doppler Diagnostic Market, By System Portability, 20162023 (USD Million)
Table 21 Doppler Diagnostic Market, By Application, 20162023 (USD Million)
Table 22 Doppler Diagnostic Market, By End User, 20162023 (USD Million)
Table 23 Therapeutic Market, By Type, 20162023 (USD Million)
Table 24 Therapeutic Market, By Region, 20162023 (USD Million)
Table 25 Therapeutic Market, By Device Display, 20162023 (USD Million)
Table 26 Therapeutic Market, By System Portability, 20162023 (USD Million)
Table 27 Therapeutic Ultrasound Technology Market, By Application, 20162023 (USD Million)
Table 28 Therapeutic Ultrasound Technology Market, By End User, 20162023 (USD Million)
Table 29 Shockwave Lithotripsy Market, By Region, 20162023 (USD Million)
Table 30 Shockwave Lithotripsy Market, By Device Display, 20162023 (USD Million)
Table 31 Shockwave Lithotripsy Market, By System Portability, 20162023 (USD Million)
Table 32 Shockwave Lithotripsy Market, By Application, 20162023 (USD Million)
Table 33 Shockwave Lithotripsy Market, By End User, 20162023 (USD Million)
Table 34 Focused Ultrasound Market, By Region, 20162023 (USD Million)
Table 35 Focused Market, By Device Display, 20162023 (USD Million)
Table 36 Focused Market, By System Portability, 20162023 (USD Million)
Table 37 Focused Ultrasound Market, By Application, 20162023 (USD Million)
Table 38 Focused Market, By End User, 20162023 (USD Million)
Table 39 Ultrasound Market, By Device Display, 20162023 (USD Million)
Table 40 Market, By Device Display, 20162023 (Annual Unit Sales)
Table 41 Color Market, By Region, 20162023 (USD Million)
Table 42 Color Ultrasound Devices Market, By Region, 20162023 (Annual Unit Sales)
Table 43 B/W Market, By Region, 20162023 (USD Million)
Table 44 B/W Ultrasound Devices Market, By Region, 20162023 (Annual Unit Sales)
Table 45 Ultrasound Market, By System Portability, 20162023 (USD Million)
Table 46 Market, By System Portability, 20162023 (Annual Unit Sales)
Table 47 Trolley/Cart-Based Ultrasound Systems Market, By Region, 20162023 (USD Million)
Table 48 Trolley/Cart-Based Ultrasound Systems Market, By Region, 20162023 (Annual Unit Sales)
Table 49 Compact/Handheld Ultrasound Systems Market, By Region, 20162023 (USD Million)
Table 50 Compact/Handheld Ultrasound Systems Market, By Region, 20162023 (Annual Unit Sales)
Table 51 POC Ultrasound Systems Market, By Region, 20162023 (USD Million)
Table 52 POC Ultrasound Systems Market, By Region, 20162023 (Annual Unit Sales)
Table 53 Ultrasound Market, By Application, 2016-2023 (USD Million)
Table 54 Market for Radiology/General Imaging Applications, By Region, 2016-2023 (USD Million)
Table 55 Market for Cardiology Applications, By Region, 20162023 (USD Million)
Table 56 Market for Obstetrics/Gynecology Applications, By Region, 2016-2023 (USD Million)
Table 57 Market for Vascular Applications, By Region, 2016-2023 (USD Million)
Table 58 Market for Urological Applications, By Region, 2016-2023 (USD Million)
Table 59 Market for Orthopedic and Musculoskeletal Applications, By Region, 2016-2023 (USD Million)
Table 60 Market for Pain Management Applications, By Region, 2016-2023 (USD Million)
Table 61 Market for Other Applications, By Region, 20162023 (USD Million)
Table 62 Market, By End User, 20162023 (USD Million)
Table 63 Market for Hospitals, Surgical Centers, and Diagnostic Centers, By Region, 20162023 (USD Million)
Table 64 Ultrasound Market for Maternity Centers, By Region, 20162023 (USD Million)
Table 65 Market for Ambulatory Care Centers, By Region, 20162023 (USD Million)
Table 66 Market for Research and Academia, By Region, 20162023 (USD Million)
Table 67 Market for Other End Users, By Region, 20162023 (USD Million)
Table 68 Ultrasound Market, By Region, 20162023 (USD Million)
Table 69 Market, By Country, 20162023 (USD Million)
Table 70 Europe: Ultrasound Market, By Country, 20162023 (USD Million)
Table 71 Europe: Market, By Technology, 20162023 (USD Million)
Table 72 Europe: Diagnostic Market, By Type, 20162023 (USD Million)
Table 73 Europe: Therapeutic Ultrasound Market, By Type, 20162023 (USD Million)
Table 74 Europe: Market, By Device Display, 20162023 (USD Million)
Table 75 Europe: Market, By System Portability, 20162023 (USD Million)
Table 76 Europe: Market, By Application, 20162023 (USD Million)
Table 77 Europe: Market, By End User, 20162023 (USD Million)
Table 78 Germany: Market, By Technology, 20162023 (USD Million)
Table 79 Germany: Diagnostic Ultrasound Market, By Type, 20162023 (USD Million)
Table 80 Germany: Therapeutic Ultrasound Market, By Type, 20162023 (USD Million)
Table 81 France: Market, By Technology, 20162023 (USD Million)
Table 82 France: Diagnostic Ultrasound Market, By Type, 20162023 (USD Million)
Table 83 France: Therapeutic Ultrasound Market, By Type, 20162023 (USD Million)
Table 84 UK: Market, By Technology, 20162023 (USD Million)
Table 85 UK: Diagnostic Ultrasound Market, By Type, 20162023 (USD Million)
Table 86 UK: Therapeutic Ultrasound Market, By Type, 20162023 (USD Million)
Table 87 Italy: Ultrasound Market, By Technology, 20162023 (USD Million)
Table 88 Italy: Diagnostic Ultrasound Market, By Type, 20162023 (USD Million)
Table 89 Italy: Therapeutic Ultrasound Market, By Type, 20162023 (USD Million)
Table 90 Spain: Market, By Technology, 20162023 (USD Million)
Table 91 Spain: Diagnostic Ultrasound Market, By Type, 20162023 (USD Million)
Table 92 Spain: Therapeutic Ultrasound Market, By Type, 20162023 (USD Million)
Table 93 RoE: Market, By Technology, 20162023 (USD Million)
Table 94 RoE: Diagnostic Ultrasound Market, By Type, 20162023 (USD Million)
Table 95 RoE: Therapeutic Ultrasound Market, By Type, 20162023 (USD Million)
Table 96 North America: Market, By Country, 20162023 (USD Million)
Table 97 North America: Market, By Technology, 20162023 (USD Million)
Table 98 North America: Diagnostic Ultrasound Market, By Type, 20162023 (USD Million)
Table 99 North America: Therapeutic Ultrasound Market, By Type, 20162023 (USD Million)
Table 100 North America: Market, By Device Display, 20162023 (USD Million)
Table 101 North America: Market, By System Portability, 20162023 (USD Million)
Table 102 North America: Market, By Application, 20162023 (USD Million)
Table 103 North America: Market, By End User, 20162023 (USD Million)
Table 104 Ultrasound CPT Codes
Table 105 US: Ultrasound Market, By Technology, 20162023 (USD Million)
Table 106 US: Diagnostic Ultrasound Market, By Type, 20162023 (USD Million)
Table 107 US: Therapeutic Ultrasound Market, By Type, 20162023 (USD Million)
Table 108 Canada: Market, By Technology, 20162023 (USD Million)
Table 109 Canada: Diagnostic Ultrasound Market, By Type, 20162023 (USD Million)
Table 110 Canada: Therapeutic Ultrasound Market, By Type, 20162023 (USD Million)
Table 111 APAC: Market, By Country, 20162023 (USD Million)
Table 112 APAC: Market, By Technology, 20162023 (USD Million)
Table 113 APAC: Diagnostic Ultrasound Market, By Type, 20162023 (USD Million)
Table 114 APAC: Therapeutic Ultrasound Market, By Type, 20162023 (USD Million)
Table 115 APAC: Market, By Device Display, 20162023 (USD Million)
Table 116 APAC: Market, By System Portability, 20162023 (USD Million)
Table 117 APAC: Market, By Application, 20162023 (USD Million)
Table 118 APAC: Market, By End User, 20162023 (USD Million)
Table 119 China: Market, By Technology, 20162023 (USD Million)
Table 120 China: Diagnostic Market, By Type, 20162023 (USD Million)
Table 121 China: Therapeutic Market, By Type, 20162023 (USD Million)
Table 122 Japan: Ultrasound Market, By Technology, 20162023 (USD Million)
Table 123 Japan: Diagnostic Market, By Type, 20162023 (USD Million)
Table 124 Japan: Therapeutic Ultrasound Market, By Type, 20162023 (USD Million)
Table 125 India: Market, By Technology, 20162023 (USD Million)
Table 126 India: Diagnostic Market, By Type, 20162023 (USD Million)
Table 127 India: Therapeutic Market, By Type, 20162023 (USD Million)
Table 128 RoAPAC: Market, By Technology, 20162023 (USD Million)
Table 129 RoAPAC: Diagnostic Ultrasound Market, By Type, 20162023 (USD Million)
Table 130 RoAPAC: Therapeutic Ultrasound Market, By Type, 20162023 (USD Million)
Table 131 RoW: Market, By Region, 20162023 (USD Million)
Table 132 RoW: Market, By Technology, 20162023 (USD Million)
Table 133 RoW: Diagnostic Ultrasound Market, By Type, 20162023 (USD Million)
Table 134 RoW: Therapeutic Ultrasound Market, By Type, 20162023 (USD Million)
Table 135 RoW: Market, By Device Display, 20162023 (USD Million)
Table 136 RoW: Market, By System Portability, 20162023 (USD Million)
Table 137 RoW: Market, By Application, 20162023 (USD Million)
Table 138 RoW: Market, By End User, 20162023 (USD Million)
Table 139 Latin America: Market, By Technology, 20162023 (USD Million)
Table 140 Latin America: Diagnostic Ultrasound Market, By Type, 20162023 (USD Million)
Table 141 Latin America: Therapeutic Ultrasound Market, By Type, 20162023 (USD Million)
Table 142 Middle East: Market, By Technology, 20162023 (USD Million)
Table 143 Middle East: Diagnostic Market, By Type, 20162023 (USD Million)
Table 144 Middle East: Therapeutic Market, By Type, 20162023 (USD Million)
Table 145 Africa: Market, By Technology, 20162023 (USD Million)
Table 146 Africa: Diagnostic Market, By Type, 20162023 (USD Million)
Table 147 Africa: Therapeutic Market, By Type, 20162023 (USD Million)
Table 148 Product Launches, Approvals, and Enhancements (2015-2018)
Table 149 Agreements, Partnerships, and Collaborations (2015-2018)
Table 150 Mergers & Acquisitions (2015-2018)
List of Figures (39 Figures)
Figure 1 Key Data From Primary Sources
Figure 2 Breakdown of Primaries
Figure 3 Market, By Technology, 2018 vs 2023 (USD Million)
Figure 4 Market, By Device Display, 2018 vs 2023 (USD Million)
Figure 5 Market, By System Portability, 2018 vs 2023 (USD Million)
Figure 6 Market, By Application, 2018 vs 2023 (USD Million)
Figure 7 Market, By End User, 2018 vs 2023 (USD Million)
Figure 8 Market: Geographical Snapshot
Figure 9 Increasing Prevalence of Targeted Diseases to Drive Market Growth
Figure 10 Diagnostic Ultrasound Segment to Hold the Largest Share of Ultrasound Market During the Forecast Period
Figure 11 2D Ultrasound Segment is Estimated to Hold the Largest Share of the Diagnostic Market in 2018
Figure 12 Shockwave Lithotripsy Segment is Estimated to Hold the Largest Share of Therapeutic Market in 2018
Figure 13 Color Ultrasound Segment is Projected to Dominate the Market During the Forecast Period
Figure 14 Trolley/Cart-Based Ultrasound Systems to Hold the Largest Share of the Market in 2018
Figure 15 Radiology/General Imaging Applications to Dominate the Market During the Forecast Period
Figure 16 Hospitals, Surgical Centers, and Diagnostic Centers are Projected to Hold the Largest Market Share During the Study Period
Figure 17 China is Expected to Grow at the Highest CAGR During the Forecast Period
Figure 18 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 19 Diagnostic Ultrasound to Dominate Ultrasound Technology Market During 2018-2023 (USD Million)
Figure 20 Diagnostic Ultrasound to Dominate Technology Market During 2018-2023 (USD Million)
Figure 21 Shockwave Lithotripsy to Hold Largest Share of the Therapeutic Ultrasound Market
Figure 22 Color Ultrasound to Grow at the Highest Cage During the Forecast Period
Figure 23 POC Ultrasound Systems to Witness the Highest Growth in the Market During the Forecast Period
Figure 24 Radiology/General Imaging Applications to Dominate Ultrasound Applications Market During 2016-2023
Figure 25 Hospitals, Surgical Centers, and Diagnostic Centers to Dominate the Market During the Forecast Period
Figure 26 Europe: Market Snapshot (20182023)
Figure 27 North America: Market Snapshot (20182023)
Figure 28 Global Market Share Analysis, By Major Players (2017)
Figure 29 Analogic Corporation: Company Snapshot
Figure 30 FUJIFILM Holdings Corporation: Company Snapshot (2017)
Figure 31 General Electric Company: Company Snapshot (2017)
Figure 32 Hitachi Ltd.: Company Snapshot (2017)
Figure 33 Koninklijke Philips N.V.: Company Snapshot (2017)
Figure 34 Siemens AG : Company Snapshot (2017)
Figure 35 Canon Medical Systems Corporation: Company Snapshot (2017)
Figure 36 Shimadzu Corporation: Company Snapshot (2017)
Figure 37 Samsung Electronics: Company Snapshot (2017)
Figure 38 Onex Corporation: Company Snapshot (2017)
Figure 39 Hologic: Company Snapshot (2017)
This study involved four major activities to estimate the current size of the global ultrasound market. Exhaustive secondary research was carried out to collect information on the market, its peer markets, and its parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Ultrasound Market : Secondary Research
This research study involved the extensive usage of secondary sources, directories, and databases (such as D&B and Factiva). In-depth interviews were conducted with various primary respondents, including subject-matter experts (SMEs), C-level executives of key market players, and industry consultants to obtain and verify qualitative and quantitative information and to assess market prospects.
Ultrasound Market : Primary Research
Primary research was conducted after acquiring extensive knowledge about the global market scenario through secondary research. Primary interviews were conducted with market experts from both the demand-side (such as diagnostic centers, doctors, professors, and hospitals) and supply-side respondents (such as ultrasound device manufacturers and distributors) across four major geographies, namely, North America, Europe, the Asia Pacific, and the Rest of the World (Latin America, the Middle East, and Africa). Approximately 30% and 70% of primary interviews were conducted with both demand- and supply-side experts, respectively. This primary data was collected through questionnaires, e-mails, online surveys, and telephonic interviews. Following is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Ultrasound Market Estimation Methodology
A detailed market estimation approach was followed to estimate and validate the size of the global market and other dependent submarkets.
- The key players in the global market were identified through secondary research, and their global market shares were determined through primary and secondary research.
- The research methodology includes the study of the annual and quarterly financial reports of the top market players as well as interviews with industry experts for key insights on the global market.
- All percentage shares, splits, and breakdowns were determined by using secondary sources and verified through primary sources.
- All the possible parameters that affect the market segments covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
The above-mentioned data was consolidated and added with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Data Triangulation:
After deriving the overall ultrasound market value data from the market size estimation process, the total market value data was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all the segments, data triangulation and market breakdown procedures were employed wherever applicable. The data was triangulated by studying various qualitative and quantitative variables as well as by analyzing regional trends for both the demand- and supply-side macro indicators.
Report Objectives:
- To define, describe, and forecast the market on the basis of technology, device display, system portability, application, end user, and region
- To provide detailed information regarding the major factors influencing the growth potential of the global market (drivers, restraints, opportunities, challenges, and trends)
- To analyze the micromarkets with respect to individual growth trends, future prospects, and contributions to the global market
- To analyze key growth opportunities in the global market for key stakeholders and provide details of the competitive landscape for market leaders
- To forecast the size of market segments and/or subsegments with respect to four major regions, namely, North America (US and Canada), Europe (Germany, France, the UK, Italy, Spain, and the RoE), Asia Pacific (Japan, China, India, and the RoAPAC), and the Rest of the World (Latin America, the Middle East, and Africa)
- To profile the key players in the global market and comprehensively analyze their market shares and core competencies
- To track and analyze the competitive developments undertaken in the global market, such as product launches; agreements, partnerships, and collaborations; expansions; and mergers & acquisitions
Scope of the Report
|
Report Metric |
Details |
|
Market size available for years |
20162023 |
|
Base year considered |
2017 |
|
Forecast period |
20182023 |
|
Forecast units |
Value (USD million) and Volume (annual sales units) |
|
Segments covered |
Technology, Device Display, System Portability, Application, End User, and Region |
|
Geographies covered |
Europe, North America, the Asia Pacific, and the Rest of the World |
|
Companies covered |
15 major players have been covered, including General Electric Company (US), Philips (Netherlands), Canon Medical Systems (Japan), Siemens AG (Germany), Hitachi (Japan), Samsung Electronics (South Korea), and FUJIFILM Holdings Corporation (Japan) |
This report has segmented the global ultrasound market based on technology, device display, system portability, application, end user, and region.
Global Ultrasound Market, by Technology
- Diagnostic Ultrasound
- 2D Ultrasound
- 3D & 4D Ultrasound
- Doppler Ultrasound
- Therapeutic Ultrasound
- Shockwave Lithotripsy
- Focused Ultrasound
Global Ultrasound Market, by Device Display
- Color Ultrasound
- B/W Ultrasound
Global Ultrasound Market, by Portability
- Trolley/Cart-based Ultrasound Systems
- Compact/Handheld Ultrasound Systems
- Point-of-care (PoC) Ultrasound Systems
Global Ultrasound Market, by Application
- 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)
Global Ultrasound Market, by End User
- 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)
Global Ultrasound Market, by Region
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe (RoE)
- North America
- US
- Canada
- Asia Pacific
- Japan
- China
- India
- Rest of Asia Pacific (RoAPAC)
- Rest of the World (RoW)
- Latin America
- Middle East
- Africa
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per the companys specific needs. The following customization options are available for the ultrasound market report:
Product Analysis
Product matrix, which gives a detailed comparison of the product portfolios of the top five companies in the market
Company Information
- Detailed analysis and profiling of additional market players (up to 5)
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Ultrasound Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
Growth opportunities and latent adjacency in Ultrasound Market
Ultrasound is used in many ways according to technology