Ultrasound Market by Device Display (Color Ultrasound and Black & White (B/W) Ultrasound), Application (Radiology/General Imaging, Obstetrics/Gynecology, Cardiology, Urology, Orthopedic & Musculoskeletal, Pain Management and Vascular), Type of Product (Diagnostic Ultrasound and Therapeutic Ultrasound), System Portability (Trolley/Cart-Based System, Compact/Handheld System and Point-of-Care (POC) Systems), End User (Hospitals, Surgical Centers, & Diagnostic Centers; Maternity Centers; and Ambulatory Care Centers) - Analysis & Forecast 2019-2030

Report ID : 188  |  Published Date : May 2020  |  Pages : 160  |  Region : Global  |  Report Code : MD-60





Ultrasound Market Overview and Introduction

Ultrasound (also known as diagnostic sonography or ultrasonography) is a diagnostic imaging technique that uses high-frequency sound waves to visualize the internal body structures such as tendons, muscles, joints, blood vessels, and internal organs, with an aim to detect source of disease or to exclude pathology. It is also used to examine pregnant women. It is considered as relatively safer imaging modality as there is no ionizing radiation used to obtain traditional radiographs as compared to other imaging techniques.

The global ultrasound market is mainly driven by rising incidence of target diseases, increasing patient preference for minimally invasive techniques, and technological advancements. Moreover, increasing number of diagnostic centers & hospitals and rising public & private investments also plays a pivotal role in contributing to the growth of market globally. However, lack of skilled professionals and stringent government regulations are likely to restrain the market growth to a certain extent.

The global ultrasound market can be segmented into device display, application, type of product, system portability, end user and regions.

Ultrasound Market by Device Display

Based on device display, the market is segmented into color ultrasound and black and white (B/W) ultrasound. The color ultrasound segment is expected to dominate the ultrasound market during the forecast period. Growth of this segment can be attributed to clarity of images obtained using color ultrasound as compared to the B/W ultrasound which in turn helps in better diagnosis.

Ultrasound Market by Application

Based on application, the market can be segmented into radiology/general imaging, obstetrics/gynecology, cardiology, urology, orthopedic & musculoskeletal, pain management, vascular and others. The radiology/general imaging segment is expected to dominate the ultrasound market during the forecast period owing to increasing use of diagnostic ultrasound for examination of internal body structures and rising adoption of focused ultrasound in disease therapies.

Ultrasound Market by Type of Product

Based on the type of product, the market can be segmented into diagnostic ultrasound (2D ultrasound, 3D and 4D ultrasound and Doppler ultrasound) and therapeutic ultrasound (shockwave lithotripsy and focused ultrasound). The diagnostic ultrasound segment is expected to dominate the ultrasound market during the forecast period owing to technological advancements in the field of diagnostic ultrasound imaging. Availability of medical reimbursement for diagnostic ultrasound procedures is another pivotal factor driving its demand globally.

Ultrasound Market by System Portability

Based on the system portability, the market can be segmented into trolley/cart-based system, compact/handheld system and point-of-care (POC) systems. The trolley/cart-based system segment is expected to dominate the ultrasound market during the forecast period. Ease of usage, accurate diagnostic capabilities and better image quality is expected to augment the growth of trolley/cart-based system segment.

Ultrasound Market by End User

Based on the End User, the market can be segmented into hospitals, surgical centers, & diagnostic centers; maternity centers; and ambulatory care centers. The hospitals, surgical centers, & diagnostic centers segment is expected to dominate the ultrasound market during the forecast period owing to an increase in usage of ultrasound for diagnosis in hospitals.

Ultrasound Market by Region

Based on region, the global ultrasound market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). Europe dominated the ultrasound market, followed by North America. The growth in these regions can be attributed to the advanced healthcare infrastructure, increasing incidences of chronic diseases, and awareness among people regarding early disease diagnosis.

Ultrasound Market Prominent Players

Some of the prominent players operating in the Ultrasound market are Canon Medical Systems, General Electric Company, Hitachi, Philips, Samsung Electronics and FUJIFILM Holdings Corporation and Siemens AG. The other prominent players operating in this market include Esaote S.p.A., Mindray Medical International Ltd., Shimadzu Corporation, Analogic Corporation, Carestream, Hologic, Mobisnate, and Chison Medical Imaging.