The global ultrasound market was valued at USD 6.5 Billion in 2021 and it is anticipated to grow up to USD 12.2 Billion by 2031, at a CAGR of 6.5% during the forecast period.
Global ultrasound report from Global Insight Services is the single authoritative source of intelligence on ultrasound market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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Major Players in the Global Ultrasound Market
The key players in the market are GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), Canon Medical Systems Corporation (Japan), Hitachi, Ltd. (Japan), Siemens Healthineers AG (Germany), Hologic, Inc. (US), FUJIFILM Holdings Corporation (Japan), Samsung Electronics Co., Ltd. (Korea), Mindray Medical International Limited (China), and Carestream Health (US), among others
Global Ultrasound Market Segmental Overview
The report analyses the Global ultrasound market based on technology, portability, application, end-use, and region.
Global Ultrasound Market by Technology
Based on technology, it is segmented into diagnostic ultrasound and therapeutic ultrasound. Diagnostic ultrasound further sub-segmented into 2D, 3D & 4D, and Doppler ultrasound. Therapeutic ultrasound further sub-segmented into focused ultrasound and shockwave lithotripsy. The diagnostic ultrasound segment is likely to account for the significant market share during the forecast period.
Global Ultrasound Market by Portability
Based on portability, it is segmented into trolley/cart-based ultrasound systems, compact/handheld ultrasound systems, and point-of-care ultrasound systems. The trolley/cart-based ultrasound systems segment is expected to account for the largest share of the ultrasound market in 2021. The large share of this segment is attributed to the growing adoption of these systems across major markets due to their increased usage in acute care settings and emergency care in hospitals and healthcare institutions.
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Market Trends and Drivers
The high and increasing incidence of target diseases and conditions will boost the adoption of effective diagnostic and therapeutic procedures. The burden of chronic and lifestyle diseases has increased in recent years. For instance, according to the GLOBOCAN, 2020 study, burden of cancer was expected to increase from 14.1 million new cases in 2012 to 19.3 million new cases in 2020. Similarly, according to the American Heart Association, by 2030, about 41.4% of US adults will have hypertension (an increase of 8.4% from 2012). As ultrasound technologies are cost-effective, safer, and offer earlier diagnosis & treatment of target diseases, their demand in disease management is expected to increase during the forecast period.
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