Global Ultrasound Imaging Software Market

Report ID : 1257 | Published : 2022-06-13 | Pages: | Format: PDF/EXCEL

The Global Ultrasound Imaging Software Market is estimated to reach over USD 1.98 billion by 2030, exhibiting a CAGR of 9.6% during the forecast period. 

Ultrasound Imaging Software is crucial for the proper functioning of an ultrasound system. Increasing technological advancements have fuelled demand for advanced systems and imaging technologies which is expected to drive Ultrasound Imaging Software market growth over the forecast period. The rising prevalence of chronic diseases and increasing preference for early diagnosis are also factors that could majorly cause Ultrasound Imaging Software market growth through 2031. Augmented healthcare expenditure and spending are also anticipated to favor the adoption of Ultrasound Imaging Software. Ultrasound imaging software companies are expected to focus on developing economies where investments in the healthcare sector are increasing. India, China, and Japan are anticipated to be highly lucrative markets for Ultrasound Imaging Software providers through 2031.

The unprecedented emergence of the COVID-19 pandemic led to a substantially negative impact on the global Ultrasound Imaging Software market potential. Lockdown restrictions made it difficult for companies to run their business efficiently, resulting in losses. As the pandemic has subsided and conditions have been lifted, we expect a steady increase in demand for Ultrasound Imaging Software through 2031. 

Market Segmentation:

The Ultrasound Imaging Software market is segmented on the basis of service type, Application and end-user. Based on service, the market is segmented as Integrated, Standalone, and Next Generation/AI-based Software. By Application, the market is segmented into radiology, OB/GYN, Urology, Cardiology, and Others (Orthopedic, etc.). By end-user, the market is segmented into hospitals, speciality clinics, and others (ASCs, Research Institutes, etc.)

Based on service type, the Next Generation/AI-based Software segment is projected to exhibit a fast growth outlook.

Rapid technological advancements are expected to boost the adoption of next-generation technologies in healthcare systems and hence will boost Next Generation/AI-based Software segment growth over the forecast period. The stand-alone software segment is expected to account for a major market share in the global Ultrasound Imaging Software landscape across the forecast period. The Next Generation/AI-based Software segment is anticipated to witness the fastest growth through 2031.

Hospitals Account for a significant market share

The hospital segment is anticipated to account for significant market share as well as revenue share owing to the increasing deployment of ultrasound imaging systems in these establishments. Increasing investments in healthcare infrastructure development are anticipated to boost their spending capacity and hence also favour the adoption of advanced technologies. The rising digitalization of hospitals is also expected to fuel growth in this segment through 2031.

The North America Ultrasound Imaging Software market holds a dominant outlook in the region.

Demand for Ultrasound Imaging Software is expected to have a bright outlook in the region of North America across the forecast period, and this is expected to attract all major Ultrasound Imaging Software market players to this region. The fast adoption of novel technologies is a major factor that is expected to boost the adoption of Ultrasound Imaging Software in this region throughout the forecast period. Rising digitization increasing healthcare spending, the prevalence of chronic diseases, and an increasing geriatric population are prominent factors that influence the Ultrasound Imaging Software market growth over the forecast period through 2031. The United States is anticipated to lead sales of Ultrasound Imaging Software in this region and will be followed by Canada throughout the forecast period. Rising demand for early diagnostics is also expected to favor Ultrasound Imaging Software market growth through 2031.

Competitive Landscape

The key players in the Ultrasound Imaging Software market have shifted their focus towards bio-based components for product manufacturing and are initiating significant strategies such as mergers, acquisitions, and joint ventures of major and domestic players to enhance product portfolio and strengthen their market footprint across the globe. Some of the major key players in the AmCad BioMed, Amolab, ContextVision, Caption Health, Inc., DiA Imaging Analysis Ltd., Koios Medical, Inc, eZono, GE Healthcare, iNNOGING Medical Limited, Medecom, Philips Healthcare, PS-Medtech, Siemens Healthineers, MIM Software, Inc., and Esaote SpA

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Ultrasound Imaging Software Market Snapshot

Chapter 4. Global Ultrasound Imaging Software Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis of Key AI in Healthcare Companies

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Major Investment, Partnerships and Collaborations in Ultrasound Device Industry

Chapter 5. Market Segmentation 1: Service Estimates & Trend Analysis

5.1. Service Type & Market Share, 2019 & 2028

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2028 for the following Service Type:

5.2.1. Integrated

5.2.2. Standalone

5.2.3. Next Generation/AI based Software

Chapter 6. Market Segmentation 1: Application Estimates & Trend Analysis

6.1. Application Type & Market Share, 2019 & 2028

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2028 for the following Application Type:

6.2.1. Radiology

6.2.2. OB/GYN

6.2.3. Urology

6.2.4. Cardiology

6.2.5. Others (Orthopedic,etc.)

Chapter 7. Market Segmentation 2: End-user Estimates & Trend Analysis

7.1. End-user & Market Share, 2019 & 2028

7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2019 to 2028 for the following End-user:

7.2.1. Hospitals

7.2.2. Specialty Clinics

7.2.3. Others (ASCs, Research Institutes, etc.)

Chapter 8. Ultrasound Imaging Software Market Segmentation 3: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Ultrasound Imaging Software Market revenue (US$ Million) estimates and forecasts by Service, 2019-2028

8.1.2. North America Ultrasound Imaging Software Market revenue (US$ Million) estimates and forecasts by Application, 2019-2028

8.1.3. North America Ultrasound Imaging Software Market revenue (US$ Million) estimates and forecasts by End-user, 2019-2028

8.1.4. North America Ultrasound Imaging Software Market revenue (US$ Million) estimates and forecasts by country, 2019-2028

8.2. Europe

8.2.1. Europe Ultrasound Imaging Software Market revenue (US$ Million) by Service, 2019-2028

8.2.2. Europe Ultrasound Imaging Software Market revenue (US$ Million) by Application, 2019-2028

8.2.3. Europe Ultrasound Imaging Software Market revenue (US$ Million) by End-user, 2019-2028

8.2.4. Europe Ultrasound Imaging Software Market revenue (US$ Million) by country, 2019-2028

8.3. Asia Pacific

8.3.1. Asia Pacific Ultrasound Imaging Software Market revenue (US$ Million) by Service, 2019-2028

8.3.2. Asia Pacific Ultrasound Imaging Software Market revenue (US$ Million) by Application, 2019-2028

8.3.3. Asia Pacific Ultrasound Imaging Software Market revenue (US$ Million) by End-user, 2019-2028

8.3.4. Asia Pacific Ultrasound Imaging Software Market revenue (US$ Million) by country, 2019-2028

8.4. Latin America

8.4.1. Latin America Ultrasound Imaging Software Market revenue (US$ Million) by Service, 2019-2028

8.4.2. Latin America Ultrasound Imaging Software Market revenue (US$ Million) by Application, 2019-2028

8.4.3. Latin America Ultrasound Imaging Software Market revenue (US$ Million) by country, (US$ Million) 2019-2028

8.5. Middle East & Africa

8.5.1. Middle East & Africa Ultrasound Imaging Software Market revenue (US$ Million) by Service, 2019-2028

8.5.2. Middle East & Africa Ultrasound Imaging Software Market revenue (US$ Million) by Application, 2019-2028

8.5.3. Middle East & Africa Ultrasound Imaging Software Market revenue (US$ Million) by country, 2019-2028

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles

9.2.1. AmCad BioMed

9.2.2. Amolab

9.2.3. ContextVision

9.2.4. Caption Health, Inc.

9.2.5. DiA Imaging Analysis Ltd.

9.2.6. Koios Medical, Inc

9.2.7. eZono

9.2.8. GE Healthcare

9.2.9. iNNOGING Medical Limited

9.2.10. Medecom

9.2.11. Philips Healthcare

9.2.12. PS-Medtech

9.2.13. Siemens Healthineers

9.2.14. MIM Software, Inc.

9.2.15. Esaote SpA

9.2.16. Other Prominent Player

Segmentation of Ultrasound Imaging Software Market-

By Service Type-

  • Integrated
  • Standalone
  • Next Generation/AI based Software

By Application-

  • Radiology
  • OB/GYN
  • Urology
  • Cardiology
  • Others (Orthopedic,etc.)

By End-User-

  • Hospitals
  • Specialty Clinics
  • Others (ASCs, Research Institutes, etc.)

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa

Rest of Middle East and 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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