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Global Ultrasound Devices Market $15.4 Billion by 2031

The global market for ultrasound devices predicted to reach $15.4 billion by 2031, growing at a CAGR of 5.2% over the forecast period, driven by a wide range of medical applications in point-of-care diagnostics, easy-to-use modalities, and growing geriatric population worldwide.

  • The growing elderly population suffering from age-related diseases as well as rising incidence of various disorders such as cardiovascular diseases, respiratory, and abdominal disorders are driving the demand for ultrasound diagnostic devices.
    • Similarly, introduction of advanced technologies such as 4D imaging would further enhance growth of ultrasound devices market.
Global Ultrasound Devices Market

Ultrasound (US), also called ultrasound scanning or sonography is an imaging method becoming increasingly important in medicine both as a diagnostic tool, as a therapeutic modality and surgery.

  • During the COVID-19 pandemic and in particular, COVID-19 related lung damage and associated complications, ultrasound technology offered benefits in imaging pneumonia, assessing pleural complications and evaluating the condition of the heart.
  • The portable ultrasound units were primarily used in emergency and critical care units, but can also be used in other healthcare, acute respiratory units and treatment facilities and will serve for general purposes after the pandemic.
    • The unit were used for, but not limited to, investigate thoracic, abdominopelvic, obstetrics/ gynecological and vascular diseases and to perform, if needed, interventional procedures. Surgical applications of ultrasound use included laparoscopy, dentistry, ophthalmology, physiotherapy. 
  • Other surgical applications of ultrasound have included hypophysectomy, ablation of the sustania nigra in the treatment of Parkinson’s disease, removal of warts and treatment of laryngeal papillomatosis.
    • It is used in abdominal, cardiac, maternity, gynecological, urological and cerebrovascular examination, breast examination, and small pieces of tissue as well as in pediatric and operational review.
  • Diagnostic sonography used to analyze heart valve movements, analyzing changes in blood erythrocytes, microvascular imaging, etc.
    • Sonography (ultrasonography) widely used to perform both diagnosis and therapeutic procedures, using ultrasound to guide interventional procedures (for instance biopsies or drainage of fluid collections).
  • Ultrasound sources may be used in occupational therapy, physical therapy and cancer treatment to generate regional heating and mechanical changes in biological tissue.
    • Ultrasound is generally used in physiotherapy and orthopedic contexts for the treatment of musculoskeletal pain (e. g. chronic back pain, arthrosis, tendinopathy, maculopathy, arthritis).

The global ultrasound devices market report estimates the market size ($million 2021 to 2031), market share, growth trends, and forecast (CAGR% 2024 to 2031).

The global market for ultrasound medical devices segmented b product (cart- or trolley-based devices and compact devices), by technology (2D ultrasound imaging, 3D and 4D ultrasound imaging, Doppler ultrasound imaging, high intensity focused ultrasound, lithotripsy ultrasound imaging), by application (abdominal, cardiology, obstetrics /gynecology, point-of-care, radiology), and geography.

  • Based on the products, the cart/trolley-based devices segment accounted for the largest segment of the total ultrasound devices market, while the compact/portable ultrasound devices segment forecast to witness the fastest growth rate, owing to its wide area of applications in medical delivery sites.
    • Portable ultrasound is being rapidly adopted as a tool for diagnostic and guidance procedures. Portable ultrasound scanners are designed for point-of-care (POC) applications.
      • They can be battery operated, are relatively easy to use, and have capabilities and features designed for imaging assessments at the POC.
        • However, since diagnostic ultrasound is a highly operator-dependent imaging modality, proper training is required to make optimum use of the equipment, produce diagnostic quality images, and interpret them correctly to make reliable diagnostic judgements.
      • Portable ultrasound scanners can speed patient management decision-making, providing more time-efficient and effective patient care.
        • Diagnostic applications include external imaging (e.g., abdominal, pelvic, lung, cardiovascular, musculoskeletal [MSK] and small parts imaging); intraluminal/intracavitary imaging; obstetrics ultrasound; and trans-fontanelle imaging in neonates/infants, among others.
          • In addition to its diagnostic applications, portable ultrasound is also used to guide interventional procedures such as injection of medications, drainage of collections, and for a range of other applications performed by various health care providers.
  • Among the technologies, the three-/four-dimensional (3D/4D) segment held the largest share of the total ultrasound devices market. Introduction of 4D ultrasound imaging has revolutionized the imaging industry and has proven to be efficient in diagnosing cancer and other complex diseases.
    • Real-time three-dimensional (3D) ultrasound has attracted much more attention in medical research because it provides interactive feedback to help clinicians acquire high-quality images as well as timely spatial information of the scanned area and hence is necessary in intraoperative ultrasound examinations.
      • For example, 3D/4D imaging enables a more detailed survey of the embryo and the fetus compared to two-dimensional (2D) ultrasound. 
    • The limitation of 2D US imaging such as the lack of the anatomy and orientation information makes the diagnostic accuracy much uncertain as it heavily depends on the experience and knowledge of clinicians.
  • The ultrasound devices are used in cases of abdominal, cardiac, maternity, gynecological, urological and cerebrovascular examination, breast examination, and small pieces of tissue as well as in pediatric and operational review.
    • In terms of the applications, the radiology segment dominated the total ultrasound products market, due to its extensive use in many medical applications.
      • The combination of portability, low cost and ease of use makes ultrasound imaging an indispensable tool for radiologists as well as for other medical professionals who need to obtain imaging diagnosis or guide a therapeutic intervention quickly and efficiently. 

The global ultrasound devices market research report is divided by geography (regional and country based) into North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Rest of EU), Asia Pacific (Japan, China, India, Rest of APAC), Latin America (Brazil, Mexico, Rest of LA), and Rest of the World.

  • By geographical distribution, the North America and Europe regions accounted for the largest revenue share of the global market, whereas the fastest growth of ultrasound devices in the Asia Pacific region throughout the forecast period attributed to increasing adaptability and launch of low-end products in the emerging economies.

The report also provides the detailed market landscape and profiles of major competitors in the global market including company overview, financial snapshot, key products, technologies and services offered, and recent developments.

Major competitors operating in the global market for ultrasound medical devices and included in this report are Analogic Corporation, Esaote S.p.A, Fujifilm Holdings Corporation, GE Healthcare, Hitachi Medical Corporation, Mindray Medical International Limited, Koninklijke Philips N.V., Samsung Medison Co. Ltd., Siemens Healthineers AG, and Toshiba Medical Systems Corporation.

  • Product
    • Cart (Trolley) Based Devices
    • Compact Devices
  • Technology
    • 2D Ultrasound Imaging
    • 3D and 4D Ultrasound Imaging
    • Doppler Ultrasound Imaging
    • High Intensity Focused Ultrasound (HIFU)
    • Lithotripsy Ultrasound Imaging
  • Medical Application
    • Abdominal
    • Cardiology
    • Obstetrics (Gynecology)
    • Point-Of-Care
    • Radiology
    • Other Applications
  • Geography
    • North America (U.S., Canada)
    • Europe (U.K., Germany, France, Italy, Spain, Rest of EU)
    • Asia Pacific (Japan, China, India, Rest of APAC)
    • Latin America (Brazil, Mexico, Rest of LA)
    • Rest of the World
  • Company Profile
    • Analogic Corporation
    • Esaote S.p.A
    • Fujifilm Holdings Corporation
    • GE Healthcare
    • Hitachi Medical Corporation
    • Mindray Medical International Limited
    • Koninklijke Philips N.V.
    • Samsung Medison Co. Ltd.
    • Siemens Healthineers AG
    • Toshiba Medical Systems Corporation

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