Ultrasound Market by Technology (2D, 3D, Doppler, Contrast-Enhanced, HIFU, ESWL), Component (Workstation, Probe), Type (Cart, Handheld, PoC), Application (OB/GYN, CVD, Urology, Ortho), End User (Hospitals, Clinics, ASCs) & Region - Global Forecast to 2028
The global ultrasound market is projected to reach USD 11.6 billion by 2028 from USD 8.5 billion in 2023, at a CAGR of 6.3% from 2023 to 2028. Factors such as the high incidence/prevalence of target diseases, the growing number of diagnostic imaging centers/procedures, increasing awareness about the benefits of early diagnosis of diseases, and the rapid adoption of technologically advanced ultrasound features and modalities are responsible for the increasing growth of this market.
“The 2D diagnostic ultrasound sub-systems segment of diagnostic ultrasound held the largest share of the market in 2022”
Based on technology, the ultrasound market is segmented into diagnostic ultrasound, therapeutic ultrasound, and contrast enhanced ultrasound. The diagnostic ultrasound segment of the market is further divided into 2D, 3D, 4D, doppler, and contrast enhanced ultrasound. The 2D subsegment held a major share of the market. Advantages offered by 2D ultrasound, such as real time imaging, non-invasive procedure, high-image resolution, and easy accessibility along with portability are driving the growth of this product segment.
“The portability segment is projected to register the highest CAGR during the forecast period”
Based on portability, the ultrasound market is segmented into trolley/cart-based ultrasound, compact/handheld ultrasound, and point-of-care (PoC) ultrasound. The trolley/cart-based ultrasound segment accounted for the largest market share in 2022. The large share of this segment is attributed to the system’s versatility, image quality, ehanced, easy to use features, and due to the increased usage of it in acute care settings and emergency care in hospitals and healthcare institutions.
“The display segment is projected to register the highest CAGR during the forecast period”
On the basis of device display, the ultrasound market is segmented into black & white ultrasound and color ultrasound devices. The color ultrasound devices segment accounted for the largest share of the ultrasound market in 2020. This can be attributed to factors such as benefits offered by color ultrasound devices (including 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 market in the North America region is expected to witness the highest growth during the forecast period.”
The ultrasound market in the North America region is expected to register a CAGR during the forecast period, primarily due to the high healthcare spending in the region, rising prevalence of target diseases, increasing research activities, growing number of cosmetic surgeries, and technological advancements in imaging systems.
A breakdown of the primary participants referred to for this report is provided below:
Research Coverage
This report studies the ultrasound market based on technology, display, portability, component, application, enduser, and region. It also covers the factors affecting market growth, analyzes the various opportunities and challenges in the market, and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their growth trends and forecasts the revenue of the market segments with respect to five main regions (and the respective countries in these regions).
Reasons to Buy the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall ultrasound market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
This report provides insights on the following pointers:
“The 2D diagnostic ultrasound sub-systems segment of diagnostic ultrasound held the largest share of the market in 2022”
Based on technology, the ultrasound market is segmented into diagnostic ultrasound, therapeutic ultrasound, and contrast enhanced ultrasound. The diagnostic ultrasound segment of the market is further divided into 2D, 3D, 4D, doppler, and contrast enhanced ultrasound. The 2D subsegment held a major share of the market. Advantages offered by 2D ultrasound, such as real time imaging, non-invasive procedure, high-image resolution, and easy accessibility along with portability are driving the growth of this product segment.
“The portability segment is projected to register the highest CAGR during the forecast period”
Based on portability, the ultrasound market is segmented into trolley/cart-based ultrasound, compact/handheld ultrasound, and point-of-care (PoC) ultrasound. The trolley/cart-based ultrasound segment accounted for the largest market share in 2022. The large share of this segment is attributed to the system’s versatility, image quality, ehanced, easy to use features, and due to the increased usage of it in acute care settings and emergency care in hospitals and healthcare institutions.
“The display segment is projected to register the highest CAGR during the forecast period”
On the basis of device display, the ultrasound market is segmented into black & white ultrasound and color ultrasound devices. The color ultrasound devices segment accounted for the largest share of the ultrasound market in 2020. This can be attributed to factors such as benefits offered by color ultrasound devices (including 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 market in the North America region is expected to witness the highest growth during the forecast period.”
The ultrasound market in the North America region is expected to register a CAGR during the forecast period, primarily due to the high healthcare spending in the region, rising prevalence of target diseases, increasing research activities, growing number of cosmetic surgeries, and technological advancements in imaging systems.
A breakdown of the primary participants referred to for this report is provided below:
- By Company Type: Tier 1–48%, Tier 2–36%, and Tier 3– 16%
- By Designation: Director-level–14%, C-level–10%, and Others–76%
- By Region: North America–40%, Europe–32%, Asia Pacific–20%, Latin America–5%, and the Middle East & Africa–3%
Research Coverage
This report studies the ultrasound market based on technology, display, portability, component, application, enduser, and region. It also covers the factors affecting market growth, analyzes the various opportunities and challenges in the market, and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micro markets with respect to their growth trends and forecasts the revenue of the market segments with respect to five main regions (and the respective countries in these regions).
Reasons to Buy the Report
The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall ultrasound market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.
This report provides insights on the following pointers:
- Analysis of key drivers (rising target patient population, growing adoption of multimodal PET imaging devices, technological advancement, and increasing investment, funds, and grants by public-private organizations), restraints (high capital and operational cost, unfavorable regulatory guidelines), opportunities (improving healthcare infrastructure across emerging countries, PET utilization for breast imaging, promising product pipeline), and challenges (availability of alternate imaging technologies) influencing the growth of the ultrasound market
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the ultrasound market
- Market Development: Comprehensive information about lucrative markets–the report analyses the ultrasound market across varied regions.
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the ultrasound market
- Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), Canon Medical Systems Corporation (Japan), Siemens AG (Germany), Hologic, Inc. (US), FUJIFILM Corporation (Japan), Samsung Electronics Co., Ltd. (Japan), and Mindray Medical International Limited (China)
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.4 RESEARCH LIMITATIONS
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 ULTRASOUND MARKET: RESEARCH DESIGN
2.1.1 SECONDARY RESEARCH
2.1.2 PRIMARY RESEARCH
2.1.2.1 Primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primaries
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY- AND DEMAND-SIDE PARTICIPANTS
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
2.2 MARKET SIZE ESTIMATION
FIGURE 4 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach 1: Company revenue estimation approach
FIGURE 5 MARKET SIZE ESTIMATION FOR ULTRASOUND MARKET: APPROACH 1 (COMPANY REVENUE ESTIMATION)
FIGURE 6 REVENUE SHARE ANALYSIS: ILLUSTRATIVE EXAMPLE OF GE HEALTHCARE
2.2.1.2 Approach 2: Customer-based market estimation
2.2.1.3 Ultrasound market: Top-down approach
2.2.1.4 CAGR projection
FIGURE 7 CAGR PROJECTION: SUPPLY-SIDE ANALYSIS
2.3 DATA VALIDATION APPROACH
FIGURE 8 DATA TRIANGULATION METHODOLOGY
2.4 MARKET SHARE ASSESSMENT
2.5 STUDY ASSUMPTIONS
2.6 RISK ASSESSMENT
2.6.1 ULTRASOUND MARKET: RISK ASSESSMENT
2.7 GROWTH RATE ASSUMPTIONS
2.8 ULTRASOUND MARKET: RECESSION IMPACT
3 EXECUTIVE SUMMARY
FIGURE 9 ULTRASOUND MARKET, BY TECHNOLOGY, 2023 VS. 2028 (USD MILLION)
FIGURE 10 ULTRASOUND MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION)
FIGURE 11 ULTRASOUND MARKET, BY PORTABILITY, 2023 VS. 2028 (USD MILLION)
FIGURE 12 ULTRASOUND MARKET, BY END USER, 2023 VS. 2028 (USD MILLION)
FIGURE 13 GEOGRAPHICAL SNAPSHOT OF ULTRASOUND MARKET
4 PREMIUM INSIGHTS
4.1 ULTRASOUND MARKET OVERVIEW
FIGURE 14 INCREASING INCIDENCE OF TARGET DISEASES AND SUBSEQUENT RISE IN SURGICAL PROCEDURES TO DRIVE MARKET
4.2 EUROPE: ULTRASOUND MARKET, BY TECHNOLOGY (USD MILLION)
FIGURE 15 DIAGNOSTIC ULTRASOUND SEGMENT TO HOLD LARGEST SHARE
4.3 ASIA PACIFIC: ULTRASOUND MARKET, BY END USER
FIGURE 16 HOSPITALS, SURGICAL CENTERS, AND DIAGNOSTIC CENTERS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.4 ULTRASOUND MARKET, BY DISPLAY TYPE
FIGURE 17 COLOR ULTRASOUND SEGMENT TO COMMAND LARGEST SHARE TILL 2028
4.5 GEOGRAPHIC SNAPSHOT OF ULTRASOUND MARKET
FIGURE 18 CHINA TO REGISTER HIGHEST GROWTH RATE DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 19 ULTRASOUND MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Increasing incidence of target diseases and subsequent rise in surgical procedures
5.2.1.2 Growing patient preference for minimally invasive surgeries
5.2.1.3 Rising technological advancements in ultrasound devices
5.2.1.4 Growing public-private investments for product commercialization
5.2.1.5 Increasing establishment of hospitals and diagnostic centers
5.2.2 RESTRAINTS
5.2.2.1 Unfavorable reimbursements
5.2.2.2 High operating costs
5.2.3 OPPORTUNITIES
5.2.3.1 Growing applications of therapeutic ultrasound
5.2.3.2 High growth potential of emerging markets
5.2.3.3 Development of POC ultrasound systems
5.2.4 CHALLENGES
5.2.4.1 Growing end-user preference for refurbished equipment
5.2.4.2 Shortage of skilled sonographers
5.3 PORTER’S FIVE FORCES ANALYSIS
TABLE 1 ULTRASOUND MARKET: PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 REGULATORY TRENDS
5.5 REGULATORY ANALYSIS
5.5.1 NORTH AMERICA
5.5.1.1 US
TABLE 2 US FDA: MEDICAL DEVICE CLASSIFICATION
TABLE 3 US: MEDICAL DEVICE REGULATORY APPROVAL PROCESS
5.5.1.2 Canada
TABLE 4 CANADA: MEDICAL DEVICE REGULATORY APPROVAL PROCESS
5.5.2 EUROPE
5.5.3 ASIA PACIFIC
5.5.3.1 Japan
TABLE 5 JAPAN: MEDICAL DEVICE CLASSIFICATION UNDER PMDA
5.5.3.2 China
TABLE 6 CHINA: CLASSIFICATION OF MEDICAL DEVICES
5.5.3.3 India
5.6 REIMBURSEMENT SCENARIO
TABLE 7 MEDICAL REIMBURSEMENT CPT CODES FOR ULTRASOUND PROCEDURES IN US (AS OF 2021)
5.7 ECOSYSTEM MAPPING
5.8 VALUE CHAIN ANALYSIS
5.8.1 RESEARCH & PRODUCT DEVELOPMENT
5.8.2 RAW MATERIAL AND MANUFACTURING
5.8.3 MARKETING & SALES, SHIPMENT, AND POST-SALES SERVICES
FIGURE 20 VALUE CHAIN ANALYSIS—MAXIMUM VALUE ADDED DURING MANUFACTURING PHASE
5.9 SUPPLY CHAIN ANALYSIS
5.9.1 PROMINENT COMPANIES
5.9.2 SMALL & MEDIUM-SIZED ENTERPRISES
5.9.3 END USERS
TABLE 8 ULTRASOUND MARKET: SUPPLY CHAIN ECOSYSTEM
FIGURE 21 ULTRASOUND MARKET: SUPPLY CHAIN ANALYSIS
5.10 PATENT ANALYSIS
FIGURE 22 PATENT DETAILS FOR ULTRASOUND (JANUARY 2013–JUNE 2023)
FIGURE 23 PATENTS FOR DIAGNOSTIC ULTRASOUND SYSTEMS (JANUARY 2013–JUNE 2023)
FIGURE 24 PATENTS FOR THERAPEUTIC ULTRASOUND SYSTEMS (JANUARY 2013–JUNE 2023)
5.11 TRADE ANALYSIS
5.11.1 ULTRASOUND MARKET: TRADE ANALYSIS
TABLE 9 IMPORT DATA FOR ULTRASOUND SYSTEMS (HS CODE 901812), BY COUNTRY, 2018–2022 (USD)
TABLE 10 EXPORT DATA FOR ULTRASOUND SYSTEMS (HS CODE 901812), BY COUNTRY, 2018–2022 (USD)
5.12 KEY CONFERENCES AND EVENTS
TABLE 11 ULTRASOUND MARKET: LIST OF KEY CONFERENCES AND EVENTS (2023–2025)
5.13 TECHNOLOGY ANALYSIS
5.14 CASE STUDY ANALYSIS
TABLE 12 CASE STUDY 1: MAINTAINING STRONG FOCUS ON TECHNOLOGICAL INNOVATION AND ADDRESSING REGULATORY COMPLIANCE
TABLE 13 CASE STUDY 2: PROVIDING COMPREHENSIVE TRAINING PROGRAMS FOR EVOLVING ULTRASOUND TECHNIQUES
5.15 PRICING ANALYSIS
TABLE 14 REGIONAL PRICE RANGE FOR ULTRASOUND SYSTEMS
6 ULTRASOUND MARKET, BY TECHNOLOGY
6.1 INTRODUCTION
TABLE 15 ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
6.2 DIAGNOSTIC ULTRASOUND
TABLE 16 DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 17 DIAGNOSTIC ULTRASOUND MARKET, BY REGION, 2021–2028 (USD MILLION)
TABLE 18 DIAGNOSTIC ULTRASOUND MARKET, BY DISPLAY TYPE, 2021–2028 (USD MILLION)
TABLE 19 DIAGNOSTIC ULTRASOUND MARKET, BY PORTABILITY, 2021–2028 (USD MILLION)
TABLE 20 DIAGNOSTIC ULTRASOUND MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
TABLE 21 DIAGNOSTIC ULTRASOUND MARKET, BY END USER, 2021–2028 (USD MILLION)
6.2.1 2D ULTRASOUND
6.2.1.1 Strong demand in emerging economies to drive market
TABLE 22 2D ULTRASOUND MARKET, BY REGION, 2021–2028 (USD MILLION)
6.2.2 3D & 4D ULTRASOUND
6.2.2.1 Greater diagnostic accuracy and improved imaging capabilities to boost demand
TABLE 23 3D & 4D ULTRASOUND MARKET, BY REGION, 2021–2028 (USD MILLION)
6.2.3 DOPPLER ULTRASOUND
6.2.3.1 Growing applications in pain management, cardiovascular imaging, and emergency care to drive market
TABLE 24 DOPPLER ULTRASOUND MARKET, BY REGION, 2021–2028 (USD MILLION)
6.2.4 CONTRAST-ENHANCED ULTRASOUND
6.2.4.1 Availability of technologically advanced instruments to support growth
TABLE 25 CONTRAST-ENHANCED ULTRASOUND MARKET, BY REGION, 2021–2028 (USD MILLION)
6.3 THERAPEUTIC ULTRASOUND
TABLE 26 THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 27 THERAPEUTIC ULTRASOUND MARKET, BY REGION, 2021–2028 (USD MILLION)
TABLE 28 THERAPEUTIC ULTRASOUND MARKET, BY DISPLAY TYPE, 2021–2028 (USD MILLION)
TABLE 29 THERAPEUTIC ULTRASOUND MARKET, BY PORTABILITY, 2021–2028 (USD MILLION)
TABLE 30 THERAPEUTIC ULTRASOUND MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
TABLE 31 THERAPEUTIC ULTRASOUND MARKET, BY END USER, 2021–2028 (USD MILLION)
6.3.1 HIGH-INTENSITY FOCUSED ULTRASOUND
6.3.1.1 Promising results associated with HIFU in cancer treatment to drive market
TABLE 32 HIGH-INTENSITY FOCUSED ULTRASOUND MARKET, BY REGION, 2021–2028 (USD MILLION)
6.3.2 EXTRACORPOREAL SHOCKWAVE LITHOTRIPSY
6.3.2.1 Growing emphasis on minimally invasive treatment of kidney & gallbladder stones to drive demand for ESWL
TABLE 33 EXTRACORPOREAL SHOCKWAVE LITHOTRIPSY MARKET, BY REGION, 2021–2028 (USD MILLION)
7 ULTRASOUND MARKET, BY DISPLAY
7.1 INTRODUCTION
TABLE 34 ULTRASOUND MARKET, BY DISPLAY TYPE, 2021–2028 (USD MILLION)
7.2 COLOR ULTRASOUND DEVICES
7.2.1 RISING AVAILABILITY OF ADVANCED COLOR ULTRASOUND DEVICES TO DRIVE MARKET
TABLE 35 COLOR ULTRASOUND DEVICES MARKET, BY REGION, 2021–2028 (USD MILLION)
7.3 BLACK & WHITE ULTRASOUND DEVICES
7.3.1 ASIA PACIFIC REGION TO SHOW SUSTAINED DEMAND
TABLE 36 BLACK & WHITE ULTRASOUND DEVICES MARKET, BY REGION, 2021–2028 (USD MILLION)
8 ULTRASOUND MARKET, BY PORTABILITY
8.1 INTRODUCTION
TABLE 37 ULTRASOUND MARKET, BY PORTABILITY, 2021–2028 (USD MILLION)
8.2 TROLLEY/CART-BASED ULTRASOUND SYSTEMS
8.2.1 RISING USAGE OF TROLLEY-BASED SYSTEMS IN ACUTE & EMERGENCY CARE TO DRIVE MARKET
TABLE 38 TROLLEY/CART-BASED ULTRASOUND SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
8.3 COMPACT/HANDHELD ULTRASOUND SYSTEMS
8.3.1 AFFORDABILITY AND PROCEDURAL & TECHNICAL BENEFITS TO DRIVE MARKET
TABLE 39 COMPACT/HANDHELD ULTRASOUND SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
8.4 POC ULTRASOUND SYSTEMS
8.4.1 IMPROVED OPERATIONAL AND CLINICAL EFFICACY TO BOOST DEMAND
TABLE 40 POC ULTRASOUND SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
9 ULTRASOUND MARKET, BY APPLICATION
9.1 INTRODUCTION
TABLE 41 ULTRASOUND MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
9.2 RADIOLOGICAL/GENERAL IMAGING APPLICATIONS
9.2.1 GROWING NUMBER OF IMAGE-GUIDED SURGERIES TO DRIVE MARKET
TABLE 42 ULTRASOUND MARKET FOR RADIOLOGICAL/GENERAL IMAGING APPLICATIONS, BY REGION, 2021–2028 (USD MILLION)
9.3 CARDIOLOGICAL APPLICATIONS
9.3.1 RISING PREVALENCE OF CARDIAC DISORDERS TO DRIVE MARKET
TABLE 43 ULTRASOUND MARKET FOR CARDIOLOGICAL APPLICATIONS, BY REGION, 2021–2028 (USD MILLION)
9.4 OBSTETRIC/GYNECOLOGICAL APPLICATIONS
9.4.1 WIDE USAGE IN OB/GYN APPLICATIONS TO BOOST GROWTH
TABLE 44 ULTRASOUND MARKET FOR OBSTETRIC/GYNECOLOGICAL APPLICATIONS, BY REGION, 2021–2028 (USD MILLION)
9.5 UROLOGICAL APPLICATIONS
9.5.1 GROWING PREVALENCE OF UROLOGICAL DISORDERS TO SUPPORT MARKET
TABLE 45 ULTRASOUND MARKET FOR UROLOGICAL APPLICATIONS, BY REGION, 2021–2028 (USD MILLION)
9.6 VASCULAR APPLICATIONS
9.6.1 VASCULAR APPLICATIONS TO WITNESS HIGH GROWTH
TABLE 46 ULTRASOUND MARKET FOR VASCULAR APPLICATIONS, BY REGION, 2021–2028 (USD MILLION)
9.7 ORTHOPEDIC & MUSCULOSKELETAL APPLICATIONS
9.7.1 RISING PATIENT PREFERENCE FOR EARLY DIAGNOSIS TO DRIVE MARKET
TABLE 47 ULTRASOUND MARKET FOR ORTHOPEDIC & MUSCULOSKELETAL APPLICATIONS, BY REGION, 2021–2028 (USD MILLION)
9.8 PAIN MANAGEMENT APPLICATIONS
9.8.1 INCREASING USE IN TRAUMA & EMERGENCY CARE TO SUPPORT MARKET GROWTH
TABLE 48 ULTRASOUND MARKET FOR PAIN MANAGEMENT APPLICATIONS, BY REGION, 2021–2028 (USD MILLION)
9.9 OTHER APPLICATIONS
TABLE 49 ULTRASOUND MARKET FOR OTHER APPLICATIONS, BY REGION, 2021–2028 (USD MILLION)
10 ULTRASOUND MARKET, BY COMPONENT
10.1 INTRODUCTION
TABLE 50 ULTRASOUND MARKET, BY COMPONENT, 2021–2028 (USD MILLION)
10.2 TRANSDUCERS/PROBES
TABLE 51 ULTRASOUND TRANSDUCERS/PROBES MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 52 ULTRASOUND TRANSDUCERS/PROBES MARKET, BY REGION, 2021–2028 (USD MILLION)
10.2.1 CURVILINEAR/CONVEX ARRAYS
10.2.1.1 Growing adoption of POC ultrasound to support growth
TABLE 53 CURVILINEAR/CONVEX ARRAYS MARKET, BY REGION, 2021–2028 (USD MILLION)
10.2.2 LINEAR ARRAYS
10.2.2.1 Rising target patient population to drive market
TABLE 54 LINEAR ARRAYS MARKET, BY REGION, 2021–2028 (USD MILLION)
10.2.3 PHASED ARRAYS
10.2.3.1 Technological advancements to drive market
TABLE 55 PHASED ARRAYS MARKET, BY REGION, 2021–2028 (USD MILLION)
10.2.4 OTHER ARRAY TYPES
TABLE 56 OTHER ARRAY TYPES MARKET, BY REGION, 2021–2028 (USD MILLION)
10.3 WORKSTATIONS
10.3.1 GROWING DIAGNOSTIC PROCEDURAL VOLUMES TO FUEL DEMAND FOR WORKSTATIONS
TABLE 57 ULTRASOUND WORKSTATIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
10.4 OTHER COMPONENTS
TABLE 58 OTHER ULTRASOUND COMPONENTS MARKET, BY TYPE, 2021–2028 (USD MILLION)
11 ULTRASOUND MARKET, BY END USER
11.1 INTRODUCTION
TABLE 59 ULTRASOUND MARKET, BY END USER, 2021–2028 (USD MILLION)
11.2 HOSPITALS, SURGICAL CENTERS, AND DIAGNOSTIC CENTERS
11.2.1 HIGH PROCEDURAL VOLUMES TO ENSURE SUSTAINED DEMAND FOR ULTRASOUND
TABLE 60 ULTRASOUND MARKET FOR HOSPITALS, SURGICAL CENTERS, AND DIAGNOSTIC CENTERS, BY REGION, 2021–2028 (USD MILLION)
11.3 MATERNITY CENTERS
11.3.1 INCREASED ADOPTION OF ADVANCED ULTRASOUND FOR OB/GYN APPLICATIONS TO BOOST GROWTH
TABLE 61 ULTRASOUND MARKET FOR MATERNITY CENTERS, BY REGION, 2021–2028 (USD MILLION)
11.4 AMBULATORY CARE CENTERS
11.4.1 INCREASING EMPHASIS ON AMBULATORY CARE TO SUPPORT MARKET GROWTH
TABLE 62 ULTRASOUND MARKET FOR AMBULATORY CARE CENTERS, BY REGION, 2021–2028 (USD MILLION)
11.5 RESEARCH & ACADEMIA
11.5.1 GROWING AVAILABILITY OF RESEARCH GRANTS & FUNDING TO DRIVE GROWTH
TABLE 63 ULTRASOUND MARKET FOR RESEARCH & ACADEMIA, BY REGION, 2021–2028 (USD MILLION)
11.6 OTHER END USERS
TABLE 64 ULTRASOUND MARKET FOR OTHER END USERS, BY REGION, 2021–2028 (USD MILLION)
12 ULTRASOUND MARKET, BY REGION
12.1 INTRODUCTION
TABLE 65 ULTRASOUND MARKET, BY REGION, 2021–2028 (USD MILLION)
12.2 NORTH AMERICA
FIGURE 25 NORTH AMERICA: ULTRASOUND MARKET SNAPSHOT
TABLE 66 NORTH AMERICA: ULTRASOUND MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
TABLE 67 NORTH AMERICA: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 68 NORTH AMERICA: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 69 NORTH AMERICA: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 70 NORTH AMERICA: ULTRASOUND MARKET, BY DISPLAY TYPE, 2021–2028 (USD MILLION)
TABLE 71 NORTH AMERICA: ULTRASOUND MARKET, BY PORTABILITY, 2021–2028 (USD MILLION)
TABLE 72 NORTH AMERICA: ULTRASOUND MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
TABLE 73 NORTH AMERICA: ULTRASOUND MARKET, BY END USER, 2021–2028 (USD MILLION)
12.2.1 US
12.2.1.1 Advanced healthcare infrastructure and favorable regulations to drive market
TABLE 74 POCUS ULTRASOUND CPT CODES (2021)
TABLE 75 US: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 76 US: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 77 US: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.2.2 CANADA
12.2.2.1 Growing awareness about early disease diagnosis to drive market
TABLE 78 CANADA: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 79 CANADA: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 80 CANADA: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.3 EUROPE
TABLE 81 EUROPE: ULTRASOUND MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
TABLE 82 EUROPE: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 83 EUROPE: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 84 EUROPE: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 85 EUROPE: ULTRASOUND MARKET, BY DISPLAY TYPE, 2021–2028 (USD MILLION)
TABLE 86 EUROPE: ULTRASOUND MARKET, BY PORTABILITY, 2021–2028 (USD MILLION)
TABLE 87 EUROPE: ULTRASOUND MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
TABLE 88 EUROPE: ULTRASOUND MARKET, BY END USER, 2021–2028 (USD MILLION)
12.3.1 GERMANY
12.3.1.1 Increasing healthcare expenditure and government spending to drive market
TABLE 89 GERMANY: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 90 GERMANY: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 91 GERMANY: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.3.2 FRANCE
12.3.2.1 Increasing target patient population and rising number of diagnostic tests for chronic diseases to drive market
TABLE 92 FRANCE: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 93 FRANCE: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 94 FRANCE: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.3.3 UK
12.3.3.1 Growing government initiatives and increasing incidences of chronic diseases to drive market
TABLE 95 UK: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 96 UK: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 97 UK: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.3.4 ITALY
12.3.4.1 Increased availability of reimbursement coverage for diagnostic procedures to drive market
TABLE 98 ITALY: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 99 ITALY: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 100 ITALY: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.3.5 SPAIN
12.3.5.1 Increasing prevalence of cancer and growing private-public funding to drive market
TABLE 101 SPAIN: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 102 SPAIN: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 103 SPAIN: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.3.6 REST OF EUROPE
TABLE 104 REST OF EUROPE: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 105 REST OF EUROPE: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 106 REST OF EUROPE: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.4 ASIA PACIFIC
FIGURE 26 ASIA PACIFIC: ULTRASOUND MARKET SNAPSHOT
TABLE 107 ASIA PACIFIC: ULTRASOUND MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
TABLE 108 ASIA PACIFIC: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 109 ASIA PACIFIC: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 110 ASIA PACIFIC: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 111 ASIA PACIFIC: ULTRASOUND MARKET, BY DISPLAY TYPE, 2021–2028 (USD MILLION)
TABLE 112 ASIA PACIFIC: ULTRASOUND MARKET, BY PORTABILITY, 2021–2028 (USD MILLION)
TABLE 113 ASIA PACIFIC: ULTRASOUND MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
TABLE 114 ASIA PACIFIC: ULTRASOUND MARKET, BY END USER, 2021–2028 (USD MILLION)
12.4.1 CHINA
12.4.1.1 Increasing healthcare reforms and rising government investments to drive market
TABLE 115 CHINA: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 116 CHINA: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 117 CHINA: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.4.2 JAPAN
12.4.2.1 Fast adoption of advanced technologies and growth in geriatric population to drive market
TABLE 118 JAPAN: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 119 JAPAN: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 120 JAPAN: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.4.3 INDIA
12.4.3.1 Increasing number of diagnostic procedures and improving healthcare infrastructure to drive market
TABLE 121 INDIA: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 122 INDIA: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 123 INDIA: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.4.4 AUSTRALIA
12.4.4.1 Growing healthcare spending and increasing investments in research to drive market
TABLE 124 AUSTRALIA: ULTRASOUND REIMBURSEMENT SCENARIO
TABLE 125 AUSTRALIA: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 126 AUSTRALIA: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 127 AUSTRALIA: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.4.5 SOUTH KOREA
12.4.5.1 Well-developed healthcare system and rising awareness of diseases to drive market
TABLE 128 SOUTH KOREA: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 129 SOUTH KOREA: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 130 SOUTH KOREA: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.4.6 REST OF ASIA PACIFIC
TABLE 131 REST OF ASIA PACIFIC: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 132 REST OF ASIA PACIFIC: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 133 REST OF ASIA PACIFIC: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.5 LATIN AMERICA
TABLE 134 LATIN AMERICA: ULTRASOUND MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
TABLE 135 LATIN AMERICA: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 136 LATIN AMERICA: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 137 LATIN AMERICA: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 138 LATIN AMERICA: ULTRASOUND MARKET, BY DISPLAY TYPE, 2021–2028 (USD MILLION)
TABLE 139 LATIN AMERICA: ULTRASOUND MARKET, BY PORTABILITY, 2021–2028 (USD MILLION)
TABLE 140 LATIN AMERICA: ULTRASOUND MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
TABLE 141 LATIN AMERICA: ULTRASOUND MARKET, BY END USER, 2021–2028 (USD MILLION)
12.5.1 BRAZIL
12.5.1.1 Greater purchasing power and favorable demographic conditions to drive market
TABLE 142 BRAZIL: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 143 BRAZIL: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 144 BRAZIL: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.5.2 MEXICO
12.5.2.1 Increased medical tourism and better government healthcare initiatives to drive market
TABLE 145 MEXICO: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 146 MEXICO: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 147 MEXICO: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.5.3 REST OF LATIN AMERICA
TABLE 148 REST OF LATIN AMERICA: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 149 REST OF LATIN AMERICA: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 150 REST OF LATIN AMERICA: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.6 MIDDLE EAST & AFRICA
12.6.1 GROWING MEDICAL TOURISM AND INCREASING QUALITY HEALTHCARE SYSTEMS TO DRIVE MARKET
TABLE 151 MIDDLE EAST & AFRICA: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 152 MIDDLE EAST & AFRICA: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 153 MIDDLE EAST & AFRICA: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 154 MIDDLE EAST & AFRICA: ULTRASOUND MARKET, BY DISPLAY TYPE, 2021–2028 (USD MILLION)
TABLE 155 MIDDLE EAST & AFRICA: ULTRASOUND MARKET, BY PORTABILITY, 2021–2028 (USD MILLION)
TABLE 156 MIDDLE EAST & AFRICA: ULTRASOUND MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
TABLE 157 MIDDLE EAST & AFRICA: ULTRASOUND MARKET, BY END USER, 2021–2028 (USD MILLION)
13 COMPETITIVE LANDSCAPE
13.1 OVERVIEW
13.2 STRATEGIES ADOPTED BY KEY PLAYERS
13.2.1 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN ULTRASOUND MARKET
13.3 REVENUE SHARE ANALYSIS
FIGURE 27 REVENUE SHARE ANALYSIS OF TOP PLAYERS IN ULTRASOUND MARKET, 2022
13.4 MARKET SHARE ANALYSIS
FIGURE 28 MARKET SHARE ANALYSIS OF TOP PLAYERS IN ULTRASOUND MARKET, 2022
TABLE 158 ULTRASOUND MARKET: DEGREE OF COMPETITION
13.5 COMPANY EVALUATION MATRIX FOR KEY PLAYERS (2022)
13.5.1 STARS
13.5.2 EMERGING LEADERS
13.5.3 PERVASIVE PLAYERS
13.5.4 PARTICIPANTS
FIGURE 29 ULTRASOUND MARKET: COMPANY EVALUATION MATRIX FOR KEY PLAYERS, 2022
13.6 COMPANY EVALUATION MATRIX FOR START-UPS/SMES (2022)
13.6.1 PROGRESSIVE COMPANIES
13.6.2 STARTING BLOCKS
13.6.3 RESPONSIVE COMPANIES
13.6.4 DYNAMIC COMPANIES
FIGURE 30 ULTRASOUND MARKET: COMPANY EVALUATION MATRIX FOR START-UPS/SMES, 2022
13.7 COMPETITIVE BENCHMARKING
TABLE 159 PRODUCT AND REGIONAL FOOTPRINT ANALYSIS OF TOP PLAYERS
TABLE 160 PRODUCT FOOTPRINT ANALYSIS
TABLE 161 REGIONAL FOOTPRINT ANALYSIS
13.8 COMPETITIVE SCENARIO AND TRENDS
TABLE 162 PRODUCT LAUNCHES, JANUARY 2020–JUNE 2023
TABLE 163 DEALS, JANUARY 2020–JUNE 2023
TABLE 164 OTHER DEVELOPMENTS, JANUARY 2020–JUNE 2023
14 COMPANY PROFILES
14.1 KEY PLAYERS
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
14.1.1 GE HEALTHCARE
TABLE 165 GE HEALTHCARE: COMPANY OVERVIEW
FIGURE 31 GE HEALTHCARE: COMPANY SNAPSHOT (2022)
14.1.2 KONINKLIJKE PHILIPS N.V.
TABLE 166 KONINKLIJKE PHILIPS N.V.: COMPANY OVERVIEW
FIGURE 32 KONINKLIJKE PHILIPS N.V.: COMPANY SNAPSHOT (2022)
14.1.3 CANON MEDICAL SYSTEMS CORPORATION
TABLE 167 CANON MEDICAL SYSTEMS CORPORATION: COMPANY OVERVIEW
FIGURE 33 CANON MEDICAL SYSTEMS CORPORATION: COMPANY SNAPSHOT (2022)
14.1.4 SIEMENS AG
TABLE 168 SIEMENS AG: COMPANY OVERVIEW
FIGURE 34 SIEMENS AG: COMPANY SNAPSHOT (2022)
14.1.5 FUJIFILM CORPORATION
TABLE 169 FUJIFILM CORPORATION: COMPANY OVERVIEW
FIGURE 35 FUJIFILM CORPORATION: COMPANY SNAPSHOT (2022)
14.1.6 HOLOGIC, INC.
TABLE 170 HOLOGIC, INC.: COMPANY OVERVIEW
FIGURE 36 HOLOGIC, INC.: COMPANY SNAPSHOT (2022)
14.1.7 SAMSUNG ELECTRONICS CO., LTD.
TABLE 171 SAMSUNG ELECTRONICS CO., LTD.: COMPANY OVERVIEW
FIGURE 37 SAMSUNG ELECTRONICS CO., LTD.: COMPANY SNAPSHOT (2021)
14.1.8 MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD.
TABLE 172 MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD.: COMPANY OVERVIEW
FIGURE 38 MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD.: COMPANY SNAPSHOT (2021)
14.1.9 ESAOTE SPA
TABLE 173 ESAOTE SPA: COMPANY OVERVIEW
14.1.10 CHISON MEDICAL TECHNOLOGIES CO., LTD.
TABLE 174 CHISON MEDICAL TECHNOLOGIES CO., LTD.: COMPANY OVERVIEW
14.1.11 NEUSOFT CORPORATION
TABLE 175 NEUSOFT CORPORATION: COMPANY OVERVIEW
FIGURE 39 NEUSOFT CORPORATION: COMPANY SNAPSHOT (2022)
14.1.12 MOBISANTE, INC.
TABLE 176 MOBISANTE, INC.: COMPANY OVERVIEW
14.1.13 CLARIUS
TABLE 177 CLARIUS: COMPANY OVERVIEW
14.1.14 MEDGYN PRODUCTS, INC.
TABLE 178 MEDGYN PRODUCTS, INC.: COMPANY OVERVIEW
14.1.15 PROMED TECHNOLOGY CO., LTD.
TABLE 179 PROMED TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
14.2 OTHER COMPANIES
14.2.1 WHITE EAGLE SONIC TECHNOLOGIES, INC.
14.2.2 TELEMED ULTRASOUND
14.2.3 SHENZHEN RICSO TECHNOLOGY CO., LTD.
14.2.4 GUANGDONG YOUKEY MEDICAL CO., LTD.
14.2.5 ECHONOUS INC.
14.2.6 SHENZHEN BIOCARE BIO-MEDICAL EQUIPMENT CO., LTD.
14.2.7 SHANTOU INSTITUTE OF ULTRASONIC INSTRUMENTS CO., LTD. (SIUI)
14.2.8 BUTTERFLY NETWORK, INC.
14.2.9 ALPINION MEDICAL SYSTEMS CO., LTD.
14.2.10 EDAN INSTRUMENTS, INC.
15 APPENDIX
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 CUSTOMIZATION OPTIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
1.3.2 REGIONS COVERED
1.3.3 YEARS CONSIDERED
1.3.4 CURRENCY CONSIDERED
1.4 RESEARCH LIMITATIONS
1.5 STAKEHOLDERS
1.6 SUMMARY OF CHANGES
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 1 ULTRASOUND MARKET: RESEARCH DESIGN
2.1.1 SECONDARY RESEARCH
2.1.2 PRIMARY RESEARCH
2.1.2.1 Primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primaries
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS: SUPPLY- AND DEMAND-SIDE PARTICIPANTS
FIGURE 3 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
2.2 MARKET SIZE ESTIMATION
FIGURE 4 RESEARCH METHODOLOGY: HYPOTHESIS BUILDING
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach 1: Company revenue estimation approach
FIGURE 5 MARKET SIZE ESTIMATION FOR ULTRASOUND MARKET: APPROACH 1 (COMPANY REVENUE ESTIMATION)
FIGURE 6 REVENUE SHARE ANALYSIS: ILLUSTRATIVE EXAMPLE OF GE HEALTHCARE
2.2.1.2 Approach 2: Customer-based market estimation
2.2.1.3 Ultrasound market: Top-down approach
2.2.1.4 CAGR projection
FIGURE 7 CAGR PROJECTION: SUPPLY-SIDE ANALYSIS
2.3 DATA VALIDATION APPROACH
FIGURE 8 DATA TRIANGULATION METHODOLOGY
2.4 MARKET SHARE ASSESSMENT
2.5 STUDY ASSUMPTIONS
2.6 RISK ASSESSMENT
2.6.1 ULTRASOUND MARKET: RISK ASSESSMENT
2.7 GROWTH RATE ASSUMPTIONS
2.8 ULTRASOUND MARKET: RECESSION IMPACT
3 EXECUTIVE SUMMARY
FIGURE 9 ULTRASOUND MARKET, BY TECHNOLOGY, 2023 VS. 2028 (USD MILLION)
FIGURE 10 ULTRASOUND MARKET, BY APPLICATION, 2023 VS. 2028 (USD MILLION)
FIGURE 11 ULTRASOUND MARKET, BY PORTABILITY, 2023 VS. 2028 (USD MILLION)
FIGURE 12 ULTRASOUND MARKET, BY END USER, 2023 VS. 2028 (USD MILLION)
FIGURE 13 GEOGRAPHICAL SNAPSHOT OF ULTRASOUND MARKET
4 PREMIUM INSIGHTS
4.1 ULTRASOUND MARKET OVERVIEW
FIGURE 14 INCREASING INCIDENCE OF TARGET DISEASES AND SUBSEQUENT RISE IN SURGICAL PROCEDURES TO DRIVE MARKET
4.2 EUROPE: ULTRASOUND MARKET, BY TECHNOLOGY (USD MILLION)
FIGURE 15 DIAGNOSTIC ULTRASOUND SEGMENT TO HOLD LARGEST SHARE
4.3 ASIA PACIFIC: ULTRASOUND MARKET, BY END USER
FIGURE 16 HOSPITALS, SURGICAL CENTERS, AND DIAGNOSTIC CENTERS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.4 ULTRASOUND MARKET, BY DISPLAY TYPE
FIGURE 17 COLOR ULTRASOUND SEGMENT TO COMMAND LARGEST SHARE TILL 2028
4.5 GEOGRAPHIC SNAPSHOT OF ULTRASOUND MARKET
FIGURE 18 CHINA TO REGISTER HIGHEST GROWTH RATE DURING FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 19 ULTRASOUND MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Increasing incidence of target diseases and subsequent rise in surgical procedures
5.2.1.2 Growing patient preference for minimally invasive surgeries
5.2.1.3 Rising technological advancements in ultrasound devices
5.2.1.4 Growing public-private investments for product commercialization
5.2.1.5 Increasing establishment of hospitals and diagnostic centers
5.2.2 RESTRAINTS
5.2.2.1 Unfavorable reimbursements
5.2.2.2 High operating costs
5.2.3 OPPORTUNITIES
5.2.3.1 Growing applications of therapeutic ultrasound
5.2.3.2 High growth potential of emerging markets
5.2.3.3 Development of POC ultrasound systems
5.2.4 CHALLENGES
5.2.4.1 Growing end-user preference for refurbished equipment
5.2.4.2 Shortage of skilled sonographers
5.3 PORTER’S FIVE FORCES ANALYSIS
TABLE 1 ULTRASOUND MARKET: PORTER’S FIVE FORCES ANALYSIS
5.3.1 THREAT OF NEW ENTRANTS
5.3.2 THREAT OF SUBSTITUTES
5.3.3 BARGAINING POWER OF SUPPLIERS
5.3.4 BARGAINING POWER OF BUYERS
5.3.5 INTENSITY OF COMPETITIVE RIVALRY
5.4 REGULATORY TRENDS
5.5 REGULATORY ANALYSIS
5.5.1 NORTH AMERICA
5.5.1.1 US
TABLE 2 US FDA: MEDICAL DEVICE CLASSIFICATION
TABLE 3 US: MEDICAL DEVICE REGULATORY APPROVAL PROCESS
5.5.1.2 Canada
TABLE 4 CANADA: MEDICAL DEVICE REGULATORY APPROVAL PROCESS
5.5.2 EUROPE
5.5.3 ASIA PACIFIC
5.5.3.1 Japan
TABLE 5 JAPAN: MEDICAL DEVICE CLASSIFICATION UNDER PMDA
5.5.3.2 China
TABLE 6 CHINA: CLASSIFICATION OF MEDICAL DEVICES
5.5.3.3 India
5.6 REIMBURSEMENT SCENARIO
TABLE 7 MEDICAL REIMBURSEMENT CPT CODES FOR ULTRASOUND PROCEDURES IN US (AS OF 2021)
5.7 ECOSYSTEM MAPPING
5.8 VALUE CHAIN ANALYSIS
5.8.1 RESEARCH & PRODUCT DEVELOPMENT
5.8.2 RAW MATERIAL AND MANUFACTURING
5.8.3 MARKETING & SALES, SHIPMENT, AND POST-SALES SERVICES
FIGURE 20 VALUE CHAIN ANALYSIS—MAXIMUM VALUE ADDED DURING MANUFACTURING PHASE
5.9 SUPPLY CHAIN ANALYSIS
5.9.1 PROMINENT COMPANIES
5.9.2 SMALL & MEDIUM-SIZED ENTERPRISES
5.9.3 END USERS
TABLE 8 ULTRASOUND MARKET: SUPPLY CHAIN ECOSYSTEM
FIGURE 21 ULTRASOUND MARKET: SUPPLY CHAIN ANALYSIS
5.10 PATENT ANALYSIS
FIGURE 22 PATENT DETAILS FOR ULTRASOUND (JANUARY 2013–JUNE 2023)
FIGURE 23 PATENTS FOR DIAGNOSTIC ULTRASOUND SYSTEMS (JANUARY 2013–JUNE 2023)
FIGURE 24 PATENTS FOR THERAPEUTIC ULTRASOUND SYSTEMS (JANUARY 2013–JUNE 2023)
5.11 TRADE ANALYSIS
5.11.1 ULTRASOUND MARKET: TRADE ANALYSIS
TABLE 9 IMPORT DATA FOR ULTRASOUND SYSTEMS (HS CODE 901812), BY COUNTRY, 2018–2022 (USD)
TABLE 10 EXPORT DATA FOR ULTRASOUND SYSTEMS (HS CODE 901812), BY COUNTRY, 2018–2022 (USD)
5.12 KEY CONFERENCES AND EVENTS
TABLE 11 ULTRASOUND MARKET: LIST OF KEY CONFERENCES AND EVENTS (2023–2025)
5.13 TECHNOLOGY ANALYSIS
5.14 CASE STUDY ANALYSIS
TABLE 12 CASE STUDY 1: MAINTAINING STRONG FOCUS ON TECHNOLOGICAL INNOVATION AND ADDRESSING REGULATORY COMPLIANCE
TABLE 13 CASE STUDY 2: PROVIDING COMPREHENSIVE TRAINING PROGRAMS FOR EVOLVING ULTRASOUND TECHNIQUES
5.15 PRICING ANALYSIS
TABLE 14 REGIONAL PRICE RANGE FOR ULTRASOUND SYSTEMS
6 ULTRASOUND MARKET, BY TECHNOLOGY
6.1 INTRODUCTION
TABLE 15 ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
6.2 DIAGNOSTIC ULTRASOUND
TABLE 16 DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 17 DIAGNOSTIC ULTRASOUND MARKET, BY REGION, 2021–2028 (USD MILLION)
TABLE 18 DIAGNOSTIC ULTRASOUND MARKET, BY DISPLAY TYPE, 2021–2028 (USD MILLION)
TABLE 19 DIAGNOSTIC ULTRASOUND MARKET, BY PORTABILITY, 2021–2028 (USD MILLION)
TABLE 20 DIAGNOSTIC ULTRASOUND MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
TABLE 21 DIAGNOSTIC ULTRASOUND MARKET, BY END USER, 2021–2028 (USD MILLION)
6.2.1 2D ULTRASOUND
6.2.1.1 Strong demand in emerging economies to drive market
TABLE 22 2D ULTRASOUND MARKET, BY REGION, 2021–2028 (USD MILLION)
6.2.2 3D & 4D ULTRASOUND
6.2.2.1 Greater diagnostic accuracy and improved imaging capabilities to boost demand
TABLE 23 3D & 4D ULTRASOUND MARKET, BY REGION, 2021–2028 (USD MILLION)
6.2.3 DOPPLER ULTRASOUND
6.2.3.1 Growing applications in pain management, cardiovascular imaging, and emergency care to drive market
TABLE 24 DOPPLER ULTRASOUND MARKET, BY REGION, 2021–2028 (USD MILLION)
6.2.4 CONTRAST-ENHANCED ULTRASOUND
6.2.4.1 Availability of technologically advanced instruments to support growth
TABLE 25 CONTRAST-ENHANCED ULTRASOUND MARKET, BY REGION, 2021–2028 (USD MILLION)
6.3 THERAPEUTIC ULTRASOUND
TABLE 26 THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 27 THERAPEUTIC ULTRASOUND MARKET, BY REGION, 2021–2028 (USD MILLION)
TABLE 28 THERAPEUTIC ULTRASOUND MARKET, BY DISPLAY TYPE, 2021–2028 (USD MILLION)
TABLE 29 THERAPEUTIC ULTRASOUND MARKET, BY PORTABILITY, 2021–2028 (USD MILLION)
TABLE 30 THERAPEUTIC ULTRASOUND MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
TABLE 31 THERAPEUTIC ULTRASOUND MARKET, BY END USER, 2021–2028 (USD MILLION)
6.3.1 HIGH-INTENSITY FOCUSED ULTRASOUND
6.3.1.1 Promising results associated with HIFU in cancer treatment to drive market
TABLE 32 HIGH-INTENSITY FOCUSED ULTRASOUND MARKET, BY REGION, 2021–2028 (USD MILLION)
6.3.2 EXTRACORPOREAL SHOCKWAVE LITHOTRIPSY
6.3.2.1 Growing emphasis on minimally invasive treatment of kidney & gallbladder stones to drive demand for ESWL
TABLE 33 EXTRACORPOREAL SHOCKWAVE LITHOTRIPSY MARKET, BY REGION, 2021–2028 (USD MILLION)
7 ULTRASOUND MARKET, BY DISPLAY
7.1 INTRODUCTION
TABLE 34 ULTRASOUND MARKET, BY DISPLAY TYPE, 2021–2028 (USD MILLION)
7.2 COLOR ULTRASOUND DEVICES
7.2.1 RISING AVAILABILITY OF ADVANCED COLOR ULTRASOUND DEVICES TO DRIVE MARKET
TABLE 35 COLOR ULTRASOUND DEVICES MARKET, BY REGION, 2021–2028 (USD MILLION)
7.3 BLACK & WHITE ULTRASOUND DEVICES
7.3.1 ASIA PACIFIC REGION TO SHOW SUSTAINED DEMAND
TABLE 36 BLACK & WHITE ULTRASOUND DEVICES MARKET, BY REGION, 2021–2028 (USD MILLION)
8 ULTRASOUND MARKET, BY PORTABILITY
8.1 INTRODUCTION
TABLE 37 ULTRASOUND MARKET, BY PORTABILITY, 2021–2028 (USD MILLION)
8.2 TROLLEY/CART-BASED ULTRASOUND SYSTEMS
8.2.1 RISING USAGE OF TROLLEY-BASED SYSTEMS IN ACUTE & EMERGENCY CARE TO DRIVE MARKET
TABLE 38 TROLLEY/CART-BASED ULTRASOUND SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
8.3 COMPACT/HANDHELD ULTRASOUND SYSTEMS
8.3.1 AFFORDABILITY AND PROCEDURAL & TECHNICAL BENEFITS TO DRIVE MARKET
TABLE 39 COMPACT/HANDHELD ULTRASOUND SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
8.4 POC ULTRASOUND SYSTEMS
8.4.1 IMPROVED OPERATIONAL AND CLINICAL EFFICACY TO BOOST DEMAND
TABLE 40 POC ULTRASOUND SYSTEMS MARKET, BY REGION, 2021–2028 (USD MILLION)
9 ULTRASOUND MARKET, BY APPLICATION
9.1 INTRODUCTION
TABLE 41 ULTRASOUND MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
9.2 RADIOLOGICAL/GENERAL IMAGING APPLICATIONS
9.2.1 GROWING NUMBER OF IMAGE-GUIDED SURGERIES TO DRIVE MARKET
TABLE 42 ULTRASOUND MARKET FOR RADIOLOGICAL/GENERAL IMAGING APPLICATIONS, BY REGION, 2021–2028 (USD MILLION)
9.3 CARDIOLOGICAL APPLICATIONS
9.3.1 RISING PREVALENCE OF CARDIAC DISORDERS TO DRIVE MARKET
TABLE 43 ULTRASOUND MARKET FOR CARDIOLOGICAL APPLICATIONS, BY REGION, 2021–2028 (USD MILLION)
9.4 OBSTETRIC/GYNECOLOGICAL APPLICATIONS
9.4.1 WIDE USAGE IN OB/GYN APPLICATIONS TO BOOST GROWTH
TABLE 44 ULTRASOUND MARKET FOR OBSTETRIC/GYNECOLOGICAL APPLICATIONS, BY REGION, 2021–2028 (USD MILLION)
9.5 UROLOGICAL APPLICATIONS
9.5.1 GROWING PREVALENCE OF UROLOGICAL DISORDERS TO SUPPORT MARKET
TABLE 45 ULTRASOUND MARKET FOR UROLOGICAL APPLICATIONS, BY REGION, 2021–2028 (USD MILLION)
9.6 VASCULAR APPLICATIONS
9.6.1 VASCULAR APPLICATIONS TO WITNESS HIGH GROWTH
TABLE 46 ULTRASOUND MARKET FOR VASCULAR APPLICATIONS, BY REGION, 2021–2028 (USD MILLION)
9.7 ORTHOPEDIC & MUSCULOSKELETAL APPLICATIONS
9.7.1 RISING PATIENT PREFERENCE FOR EARLY DIAGNOSIS TO DRIVE MARKET
TABLE 47 ULTRASOUND MARKET FOR ORTHOPEDIC & MUSCULOSKELETAL APPLICATIONS, BY REGION, 2021–2028 (USD MILLION)
9.8 PAIN MANAGEMENT APPLICATIONS
9.8.1 INCREASING USE IN TRAUMA & EMERGENCY CARE TO SUPPORT MARKET GROWTH
TABLE 48 ULTRASOUND MARKET FOR PAIN MANAGEMENT APPLICATIONS, BY REGION, 2021–2028 (USD MILLION)
9.9 OTHER APPLICATIONS
TABLE 49 ULTRASOUND MARKET FOR OTHER APPLICATIONS, BY REGION, 2021–2028 (USD MILLION)
10 ULTRASOUND MARKET, BY COMPONENT
10.1 INTRODUCTION
TABLE 50 ULTRASOUND MARKET, BY COMPONENT, 2021–2028 (USD MILLION)
10.2 TRANSDUCERS/PROBES
TABLE 51 ULTRASOUND TRANSDUCERS/PROBES MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 52 ULTRASOUND TRANSDUCERS/PROBES MARKET, BY REGION, 2021–2028 (USD MILLION)
10.2.1 CURVILINEAR/CONVEX ARRAYS
10.2.1.1 Growing adoption of POC ultrasound to support growth
TABLE 53 CURVILINEAR/CONVEX ARRAYS MARKET, BY REGION, 2021–2028 (USD MILLION)
10.2.2 LINEAR ARRAYS
10.2.2.1 Rising target patient population to drive market
TABLE 54 LINEAR ARRAYS MARKET, BY REGION, 2021–2028 (USD MILLION)
10.2.3 PHASED ARRAYS
10.2.3.1 Technological advancements to drive market
TABLE 55 PHASED ARRAYS MARKET, BY REGION, 2021–2028 (USD MILLION)
10.2.4 OTHER ARRAY TYPES
TABLE 56 OTHER ARRAY TYPES MARKET, BY REGION, 2021–2028 (USD MILLION)
10.3 WORKSTATIONS
10.3.1 GROWING DIAGNOSTIC PROCEDURAL VOLUMES TO FUEL DEMAND FOR WORKSTATIONS
TABLE 57 ULTRASOUND WORKSTATIONS MARKET, BY REGION, 2021–2028 (USD MILLION)
10.4 OTHER COMPONENTS
TABLE 58 OTHER ULTRASOUND COMPONENTS MARKET, BY TYPE, 2021–2028 (USD MILLION)
11 ULTRASOUND MARKET, BY END USER
11.1 INTRODUCTION
TABLE 59 ULTRASOUND MARKET, BY END USER, 2021–2028 (USD MILLION)
11.2 HOSPITALS, SURGICAL CENTERS, AND DIAGNOSTIC CENTERS
11.2.1 HIGH PROCEDURAL VOLUMES TO ENSURE SUSTAINED DEMAND FOR ULTRASOUND
TABLE 60 ULTRASOUND MARKET FOR HOSPITALS, SURGICAL CENTERS, AND DIAGNOSTIC CENTERS, BY REGION, 2021–2028 (USD MILLION)
11.3 MATERNITY CENTERS
11.3.1 INCREASED ADOPTION OF ADVANCED ULTRASOUND FOR OB/GYN APPLICATIONS TO BOOST GROWTH
TABLE 61 ULTRASOUND MARKET FOR MATERNITY CENTERS, BY REGION, 2021–2028 (USD MILLION)
11.4 AMBULATORY CARE CENTERS
11.4.1 INCREASING EMPHASIS ON AMBULATORY CARE TO SUPPORT MARKET GROWTH
TABLE 62 ULTRASOUND MARKET FOR AMBULATORY CARE CENTERS, BY REGION, 2021–2028 (USD MILLION)
11.5 RESEARCH & ACADEMIA
11.5.1 GROWING AVAILABILITY OF RESEARCH GRANTS & FUNDING TO DRIVE GROWTH
TABLE 63 ULTRASOUND MARKET FOR RESEARCH & ACADEMIA, BY REGION, 2021–2028 (USD MILLION)
11.6 OTHER END USERS
TABLE 64 ULTRASOUND MARKET FOR OTHER END USERS, BY REGION, 2021–2028 (USD MILLION)
12 ULTRASOUND MARKET, BY REGION
12.1 INTRODUCTION
TABLE 65 ULTRASOUND MARKET, BY REGION, 2021–2028 (USD MILLION)
12.2 NORTH AMERICA
FIGURE 25 NORTH AMERICA: ULTRASOUND MARKET SNAPSHOT
TABLE 66 NORTH AMERICA: ULTRASOUND MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
TABLE 67 NORTH AMERICA: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 68 NORTH AMERICA: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 69 NORTH AMERICA: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 70 NORTH AMERICA: ULTRASOUND MARKET, BY DISPLAY TYPE, 2021–2028 (USD MILLION)
TABLE 71 NORTH AMERICA: ULTRASOUND MARKET, BY PORTABILITY, 2021–2028 (USD MILLION)
TABLE 72 NORTH AMERICA: ULTRASOUND MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
TABLE 73 NORTH AMERICA: ULTRASOUND MARKET, BY END USER, 2021–2028 (USD MILLION)
12.2.1 US
12.2.1.1 Advanced healthcare infrastructure and favorable regulations to drive market
TABLE 74 POCUS ULTRASOUND CPT CODES (2021)
TABLE 75 US: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 76 US: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 77 US: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.2.2 CANADA
12.2.2.1 Growing awareness about early disease diagnosis to drive market
TABLE 78 CANADA: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 79 CANADA: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 80 CANADA: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.3 EUROPE
TABLE 81 EUROPE: ULTRASOUND MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
TABLE 82 EUROPE: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 83 EUROPE: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 84 EUROPE: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 85 EUROPE: ULTRASOUND MARKET, BY DISPLAY TYPE, 2021–2028 (USD MILLION)
TABLE 86 EUROPE: ULTRASOUND MARKET, BY PORTABILITY, 2021–2028 (USD MILLION)
TABLE 87 EUROPE: ULTRASOUND MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
TABLE 88 EUROPE: ULTRASOUND MARKET, BY END USER, 2021–2028 (USD MILLION)
12.3.1 GERMANY
12.3.1.1 Increasing healthcare expenditure and government spending to drive market
TABLE 89 GERMANY: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 90 GERMANY: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 91 GERMANY: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.3.2 FRANCE
12.3.2.1 Increasing target patient population and rising number of diagnostic tests for chronic diseases to drive market
TABLE 92 FRANCE: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 93 FRANCE: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 94 FRANCE: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.3.3 UK
12.3.3.1 Growing government initiatives and increasing incidences of chronic diseases to drive market
TABLE 95 UK: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 96 UK: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 97 UK: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.3.4 ITALY
12.3.4.1 Increased availability of reimbursement coverage for diagnostic procedures to drive market
TABLE 98 ITALY: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 99 ITALY: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 100 ITALY: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.3.5 SPAIN
12.3.5.1 Increasing prevalence of cancer and growing private-public funding to drive market
TABLE 101 SPAIN: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 102 SPAIN: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 103 SPAIN: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.3.6 REST OF EUROPE
TABLE 104 REST OF EUROPE: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 105 REST OF EUROPE: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 106 REST OF EUROPE: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.4 ASIA PACIFIC
FIGURE 26 ASIA PACIFIC: ULTRASOUND MARKET SNAPSHOT
TABLE 107 ASIA PACIFIC: ULTRASOUND MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
TABLE 108 ASIA PACIFIC: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 109 ASIA PACIFIC: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 110 ASIA PACIFIC: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 111 ASIA PACIFIC: ULTRASOUND MARKET, BY DISPLAY TYPE, 2021–2028 (USD MILLION)
TABLE 112 ASIA PACIFIC: ULTRASOUND MARKET, BY PORTABILITY, 2021–2028 (USD MILLION)
TABLE 113 ASIA PACIFIC: ULTRASOUND MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
TABLE 114 ASIA PACIFIC: ULTRASOUND MARKET, BY END USER, 2021–2028 (USD MILLION)
12.4.1 CHINA
12.4.1.1 Increasing healthcare reforms and rising government investments to drive market
TABLE 115 CHINA: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 116 CHINA: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 117 CHINA: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.4.2 JAPAN
12.4.2.1 Fast adoption of advanced technologies and growth in geriatric population to drive market
TABLE 118 JAPAN: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 119 JAPAN: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 120 JAPAN: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.4.3 INDIA
12.4.3.1 Increasing number of diagnostic procedures and improving healthcare infrastructure to drive market
TABLE 121 INDIA: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 122 INDIA: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 123 INDIA: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.4.4 AUSTRALIA
12.4.4.1 Growing healthcare spending and increasing investments in research to drive market
TABLE 124 AUSTRALIA: ULTRASOUND REIMBURSEMENT SCENARIO
TABLE 125 AUSTRALIA: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 126 AUSTRALIA: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 127 AUSTRALIA: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.4.5 SOUTH KOREA
12.4.5.1 Well-developed healthcare system and rising awareness of diseases to drive market
TABLE 128 SOUTH KOREA: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 129 SOUTH KOREA: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 130 SOUTH KOREA: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.4.6 REST OF ASIA PACIFIC
TABLE 131 REST OF ASIA PACIFIC: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 132 REST OF ASIA PACIFIC: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 133 REST OF ASIA PACIFIC: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.5 LATIN AMERICA
TABLE 134 LATIN AMERICA: ULTRASOUND MARKET, BY COUNTRY, 2021–2028 (USD MILLION)
TABLE 135 LATIN AMERICA: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 136 LATIN AMERICA: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 137 LATIN AMERICA: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 138 LATIN AMERICA: ULTRASOUND MARKET, BY DISPLAY TYPE, 2021–2028 (USD MILLION)
TABLE 139 LATIN AMERICA: ULTRASOUND MARKET, BY PORTABILITY, 2021–2028 (USD MILLION)
TABLE 140 LATIN AMERICA: ULTRASOUND MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
TABLE 141 LATIN AMERICA: ULTRASOUND MARKET, BY END USER, 2021–2028 (USD MILLION)
12.5.1 BRAZIL
12.5.1.1 Greater purchasing power and favorable demographic conditions to drive market
TABLE 142 BRAZIL: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 143 BRAZIL: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 144 BRAZIL: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.5.2 MEXICO
12.5.2.1 Increased medical tourism and better government healthcare initiatives to drive market
TABLE 145 MEXICO: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 146 MEXICO: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 147 MEXICO: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.5.3 REST OF LATIN AMERICA
TABLE 148 REST OF LATIN AMERICA: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 149 REST OF LATIN AMERICA: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 150 REST OF LATIN AMERICA: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
12.6 MIDDLE EAST & AFRICA
12.6.1 GROWING MEDICAL TOURISM AND INCREASING QUALITY HEALTHCARE SYSTEMS TO DRIVE MARKET
TABLE 151 MIDDLE EAST & AFRICA: ULTRASOUND MARKET, BY TECHNOLOGY, 2021–2028 (USD MILLION)
TABLE 152 MIDDLE EAST & AFRICA: DIAGNOSTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 153 MIDDLE EAST & AFRICA: THERAPEUTIC ULTRASOUND MARKET, BY TYPE, 2021–2028 (USD MILLION)
TABLE 154 MIDDLE EAST & AFRICA: ULTRASOUND MARKET, BY DISPLAY TYPE, 2021–2028 (USD MILLION)
TABLE 155 MIDDLE EAST & AFRICA: ULTRASOUND MARKET, BY PORTABILITY, 2021–2028 (USD MILLION)
TABLE 156 MIDDLE EAST & AFRICA: ULTRASOUND MARKET, BY APPLICATION, 2021–2028 (USD MILLION)
TABLE 157 MIDDLE EAST & AFRICA: ULTRASOUND MARKET, BY END USER, 2021–2028 (USD MILLION)
13 COMPETITIVE LANDSCAPE
13.1 OVERVIEW
13.2 STRATEGIES ADOPTED BY KEY PLAYERS
13.2.1 OVERVIEW OF STRATEGIES ADOPTED BY PLAYERS IN ULTRASOUND MARKET
13.3 REVENUE SHARE ANALYSIS
FIGURE 27 REVENUE SHARE ANALYSIS OF TOP PLAYERS IN ULTRASOUND MARKET, 2022
13.4 MARKET SHARE ANALYSIS
FIGURE 28 MARKET SHARE ANALYSIS OF TOP PLAYERS IN ULTRASOUND MARKET, 2022
TABLE 158 ULTRASOUND MARKET: DEGREE OF COMPETITION
13.5 COMPANY EVALUATION MATRIX FOR KEY PLAYERS (2022)
13.5.1 STARS
13.5.2 EMERGING LEADERS
13.5.3 PERVASIVE PLAYERS
13.5.4 PARTICIPANTS
FIGURE 29 ULTRASOUND MARKET: COMPANY EVALUATION MATRIX FOR KEY PLAYERS, 2022
13.6 COMPANY EVALUATION MATRIX FOR START-UPS/SMES (2022)
13.6.1 PROGRESSIVE COMPANIES
13.6.2 STARTING BLOCKS
13.6.3 RESPONSIVE COMPANIES
13.6.4 DYNAMIC COMPANIES
FIGURE 30 ULTRASOUND MARKET: COMPANY EVALUATION MATRIX FOR START-UPS/SMES, 2022
13.7 COMPETITIVE BENCHMARKING
TABLE 159 PRODUCT AND REGIONAL FOOTPRINT ANALYSIS OF TOP PLAYERS
TABLE 160 PRODUCT FOOTPRINT ANALYSIS
TABLE 161 REGIONAL FOOTPRINT ANALYSIS
13.8 COMPETITIVE SCENARIO AND TRENDS
TABLE 162 PRODUCT LAUNCHES, JANUARY 2020–JUNE 2023
TABLE 163 DEALS, JANUARY 2020–JUNE 2023
TABLE 164 OTHER DEVELOPMENTS, JANUARY 2020–JUNE 2023
14 COMPANY PROFILES
14.1 KEY PLAYERS
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*
14.1.1 GE HEALTHCARE
TABLE 165 GE HEALTHCARE: COMPANY OVERVIEW
FIGURE 31 GE HEALTHCARE: COMPANY SNAPSHOT (2022)
14.1.2 KONINKLIJKE PHILIPS N.V.
TABLE 166 KONINKLIJKE PHILIPS N.V.: COMPANY OVERVIEW
FIGURE 32 KONINKLIJKE PHILIPS N.V.: COMPANY SNAPSHOT (2022)
14.1.3 CANON MEDICAL SYSTEMS CORPORATION
TABLE 167 CANON MEDICAL SYSTEMS CORPORATION: COMPANY OVERVIEW
FIGURE 33 CANON MEDICAL SYSTEMS CORPORATION: COMPANY SNAPSHOT (2022)
14.1.4 SIEMENS AG
TABLE 168 SIEMENS AG: COMPANY OVERVIEW
FIGURE 34 SIEMENS AG: COMPANY SNAPSHOT (2022)
14.1.5 FUJIFILM CORPORATION
TABLE 169 FUJIFILM CORPORATION: COMPANY OVERVIEW
FIGURE 35 FUJIFILM CORPORATION: COMPANY SNAPSHOT (2022)
14.1.6 HOLOGIC, INC.
TABLE 170 HOLOGIC, INC.: COMPANY OVERVIEW
FIGURE 36 HOLOGIC, INC.: COMPANY SNAPSHOT (2022)
14.1.7 SAMSUNG ELECTRONICS CO., LTD.
TABLE 171 SAMSUNG ELECTRONICS CO., LTD.: COMPANY OVERVIEW
FIGURE 37 SAMSUNG ELECTRONICS CO., LTD.: COMPANY SNAPSHOT (2021)
14.1.8 MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD.
TABLE 172 MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD.: COMPANY OVERVIEW
FIGURE 38 MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD.: COMPANY SNAPSHOT (2021)
14.1.9 ESAOTE SPA
TABLE 173 ESAOTE SPA: COMPANY OVERVIEW
14.1.10 CHISON MEDICAL TECHNOLOGIES CO., LTD.
TABLE 174 CHISON MEDICAL TECHNOLOGIES CO., LTD.: COMPANY OVERVIEW
14.1.11 NEUSOFT CORPORATION
TABLE 175 NEUSOFT CORPORATION: COMPANY OVERVIEW
FIGURE 39 NEUSOFT CORPORATION: COMPANY SNAPSHOT (2022)
14.1.12 MOBISANTE, INC.
TABLE 176 MOBISANTE, INC.: COMPANY OVERVIEW
14.1.13 CLARIUS
TABLE 177 CLARIUS: COMPANY OVERVIEW
14.1.14 MEDGYN PRODUCTS, INC.
TABLE 178 MEDGYN PRODUCTS, INC.: COMPANY OVERVIEW
14.1.15 PROMED TECHNOLOGY CO., LTD.
TABLE 179 PROMED TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.
14.2 OTHER COMPANIES
14.2.1 WHITE EAGLE SONIC TECHNOLOGIES, INC.
14.2.2 TELEMED ULTRASOUND
14.2.3 SHENZHEN RICSO TECHNOLOGY CO., LTD.
14.2.4 GUANGDONG YOUKEY MEDICAL CO., LTD.
14.2.5 ECHONOUS INC.
14.2.6 SHENZHEN BIOCARE BIO-MEDICAL EQUIPMENT CO., LTD.
14.2.7 SHANTOU INSTITUTE OF ULTRASONIC INSTRUMENTS CO., LTD. (SIUI)
14.2.8 BUTTERFLY NETWORK, INC.
14.2.9 ALPINION MEDICAL SYSTEMS CO., LTD.
14.2.10 EDAN INSTRUMENTS, INC.
15 APPENDIX
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 CUSTOMIZATION OPTIONS
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
