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Global Ultrasound Systems Market

Ultrasound Systems Market Size, Share & Trends Analysis Report By Ergonomics (Portable and On-Platform Ultrasound Systems), By Application (Gynecology/Obstetrics, Cardiovascular, Ophthalmic, Urology, and Others), Region, And Segment Forecasts, 2023-2031.

Report ID : 1109 | Published : 2023-07-02 | Pages: 190 | Format: PDF/EXCEL

The Ultrasound Systems Market Size is valued at 6825.0 Million in 2022 and is predicted to reach 11914.6 Million by the year 2031 at a 6.5 % CAGR during the forecast period for 2023-2031.

Ultrasound Systems Market

Ultrasound systems utilize sound waves to produce pictures of internal organs of the body. It is widely used for clinical assessment and early detection of various kinds of diseases. In recent years ultrasound systems market has experienced a revolution owing to advancements in technologies; however, the market is in the mature stage. Introduction to 3D/4D ultrasound systems leads to steady growth of the market due to their advanced feature and effective functionalities. With the growing incidence and prevalence of various diseases and the rise in geriatric population, the market is expected to show significant opportunities in the near future. Moreover, the increase in patient awareness for early diagnosis of various diseases and the introduction to advance technologies like handheld ultrasound systems further contribute to the growth of the market. However, stringent regulatory scenarios and a lack of trained personnel hamper the growth of the market.

The ultrasound systems market is bifrucated on the basis of ergonomics, application, end-user and geography. In terms of ergonomic, the global market is segregated into portable ultrasound systems and on-platform ultrasound systems. The portable ultrasound systems segment is expected to expand at significant CAGR due to the growing preference for home healthcare and the rise in the adoption of point of care ultrasound systems. Moreover, this system limits the requirement of highly trained professionals, which contributes to the growth of the segment. On the basis of application, the market is classified into gynecology/obstetrics, cardiovascular, ophthalmic, urology, and others. On the basis of end-user, the market is segmented into hospitals, clinics, home healthcare, and others.

Market Segmentation

Based on geography, the global ultrasound systems market has been segmented into North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. In terms of revenue, North America followed by Europe, is a major contributor to the global ultrasound systems market. This is because the rise in incidence and prevalence of various diseases, presence of developed healthcare infrastructure, increasing research and drug development activities, presence of major players, and the large number of product developments (approvals & launch), propels the growth of the market in the region. The Asia Pacific is the third promising revenue contributor expected to grow at a rapid pace in the upcoming year. The population in countries such as India and China is becoming wealthier and demanding better healthcare services. Furthermore, shifting healthcare infrastructure and demographic trends contribute to the growth of the region. Emerging and huge population base countries such as China and India offer tremendous market opportunities to the key market players operating in the global ultrasound systems market.

Competitive Landscape

Some of The Key Players in The Ultrasound Systems Market:

  • Advanced Medical Diagnostics LLC,
  • Analogic Corp,
  • Beijing East Whale Image Technology Co., Ltd.,
  • Endra Inc,
  • Farus, LLC
  • Philips Healthcare
  • Siemens Healthineers
  • Canon Medical Systems Corporation
  • Clarius Mobile Health
  • Boston Scientific Corporation
  • Fukuda Denshi UK
  • GE Healthcare
  • Atys medical
  • Medonica Co. LTD
  • OPKO Health, Inc
  • TELEMED Medical Systems
  • The Prometheus Group
  • BK Ultrasound
  • R. Bard, Inc.
  • Advanced Instrumentations
  • Biocare Bio-Medical Equipment Co., Ltd.
  • Digicare Biomedical Technology
  • Other Prominent Players

The Ultrasound Systems Market Report Scope

Report Attribute

Specifications

Market Size Value In 2022

USD 6825.0 Million

Revenue Forecast In 2031

USD 11914.6 Million

Growth Rate CAGR

CAGR of 6.5 % from 2023 to 2031

Quantitative Units

Representation of revenue in US$ Million, Volume (Unit), and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report Coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments Covered

By Ergonomics, By Application   

Regional Scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country Scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia

Competitive Landscape

Advanced Medical Diagnostics LLC, Analogic Corp, Beijing East Whale Image Technology Co., Ltd., Endra Inc, Farus, LLC, Philips Healthcare, Siemens Healthineers, Canon Medical Systems Corporation, Clarius Mobile Health, Boston Scientific Corporation, Fukuda Denshi UK, Samsung, GE Healthcare, Atys medical, Monica Co. LTD, OPKO Health, Inc., TELEMED Medical Systems, The Prometheus Group, BK Ultrasound, C. R. Bard, Inc., Advanced Instrumentations, Biocare Bio-Medical Equipment Co., Ltd., Digicare Biomedical Technology, and Others

Customization Scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and Available Payment Methods

Explore pricing alternatives that are customized to your particular study requirements.

 

  • Advanced Medical Diagnostics LLC,
  • Analogic Corp,
  • Beijing East Whale Image Technology Co., Ltd.,
  • Endra Inc,
  • Farus, LLC
  • Philips Healthcare
  • Siemens Healthineers
  • Canon Medical Systems Corporation
  • Clarius Mobile Health
  • Boston Scientific Corporation
  • Fukuda Denshi UK
  • GE Healthcare
  • Atys medical
  • Medonica Co. LTD
  • OPKO Health, Inc
  • TELEMED Medical Systems
  • The Prometheus Group
  • BK Ultrasound
  • C. R. Bard, Inc.
  • Advanced Instrumentations
  • Biocare Bio-Medical Equipment Co., Ltd.
  • Digicare Biomedical Technology
  • Other Prominent Player

Global Ultrasound Systems Market Segmentation

Global Ultrasound Systems Market Outlook (Value (US$ Mn) & Volume (no. of units), 2019 – 2030) By Ergonomics

  • Portable Ultrasound systems
  • On-platform Ultrasound systems

Ultrasound Systems Market

Global Ultrasound Systems Market Outlook (Value (US$ Mn) & Volume (no. of units), 2019 – 2030) By Application

  • Gynaecology/Obstetrics
  • Cardiovascular
  • Ophthalmic
  • Urology
  • Others

Global Ultrasound Systems Market Outlook (Value (US$ Mn) & Volume(no. of units), 2019 – 2030) By Region

  • Europe
    • U.K.
    • Germany
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • North America
    • U.S.
    • Canada
  • Asia Pacific
    • India
    • China
    • Japan
    • South Korea
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

 

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Ultrasound Systems Market Size?

The Ultrasound Systems Market is expected to grow at a 6.5 % CAGR during the forecast period for 2023-2031.

Advanced Medical Diagnostics LLC, Analogic Corp, Beijing East Whale Image Technology Co., Ltd., Endra Inc, Farus, LLC, Philips Healthcare, Siemens Hea

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