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 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. |
