Registering a CAGR of 5.6% over the forecast period, the market value of Diagnostic Ultrasound Devices is expected to reach US$ 9555.5 million in the year 2027.
The diagnostic ultrasound device is a special medical device used in ultrasonography for diagnostic purposes. Ultrasonography, commonly known as ultrasound, is a popular medical imaging technique used in diagnostics and uses high-frequency sound pulses and their echoes to specific body regions. Ultrasonic waves are specifically helpful in visualizing or imaging subcutaneous or internal body structures including muscles, tendons, vessels, joints, or internal organs for any pathology or lesions.
As for the global diagnostic ultrasound devices industry, the industry structure is relatively concentrated. Half market share in revenue is grasped by the top three manufacturers, General Electric, Philips, and Siemens, which are close to 57.30 % totally. The United States giant GE, which has a 24.42% market share in 2015, is the leader in the diagnostic ultrasound devices industry. The manufacturers following GE are Philips and Siemens, which respectively has 19.86% and 13.02% market share globally. Monday is the leader in China’s diagnostic ultrasound devices industry. It sells a total of 301.60-million-dollar diagnostic ultrasound device products in the year 2015.
Based on the Diagnostic Ultrasound Devices market development status, competitive landscape, and development model in different regions of the world, this report is dedicated to providing niche markets, potential risks, and comprehensive competitive strategy analysis in different fields of Life Sciences. From the competitive advantages of different types of products and services, the development opportunities and consumption characteristics, and structure analysis of the downstream application fields are all analyzed in detail. To Boost the Growth of Diagnostic Ultrasound Devices during the epidemic era, this report analyzes in detail for the potential risks and opportunities which can be focused on.
The global Diagnostic Ultrasound Devices includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include General Electric (GE), Philips, Siemens, TOSHIBA, Hitachi Medical, Mindray, Sonosite (FUJIFILM), Esaote, Samsung Medison, Konica Minolta, SonoScape, LANDWIND MEDICAL, SIUI, CHISON, EDAN Instruments, Butterfly Network Inc., EagleView ultrasound and others.
Industry News and Updates:
1 February 2022- Butterfly Network, Inc. (NYSE: BFLY) signed a partnership with Ambra Health to accelerate and simplify bedside imaging data interoperability. This collaboration increases the scalability of Butterfly BlueprintTM, Butterfly's enterprise platform, and improves access to and sharing of valuable ultrasound data across hospitals and health systems.
EagleView Ultrasound Introduces the World's First Portable Doppler Ultrasound
4 January 2022 --EagleView ultrasound introduced its wireless portable ultrasound device, which offers ultrasound imaging much flexibility, and makes the point-of-care solution more affordable too. EagleView Ultrasound enables clinicians to quickly access ultrasound images anytime, anywhere by providing affordable, high-quality POCUS (point-of-care ultrasound) with whole-body imaging
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
The significant usage of 2D ultrasound in women's health, the availability of medical reimbursements for diagnostic ultrasound procedures in mature markets, ongoing technological advancements in the field of diagnostic ultrasound imaging, and the growing applications of emerging ultrasound techniques all contribute to this segment's large share.
North America has the largest market share and is expected to maintain this position throughout the forecast period.
When COVID-19 wreaked havoc in this region, shutting down various diagnostic imaging facilities, Intelligent Ultrasound Group saw an opportunity to expand the ground of its Point-of-Care Ultrasound simulator in this region, and launched a COVID-19 training module for its state-of-the-art BodyWorks Point-of-Care Ultrasound simulator, in order to train healthcare providers to rapidly acquire and practise lung ultrasound skills in the diagnosis of COVID-19.
The Diagnostic Ultrasound Devices Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Diagnostic Ultrasound Devices Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers Diagnostic Ultrasound Devices Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Diagnostic Ultrasound Devices Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Report Title | Diagnostic Ultrasound Devices Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: General Electric (GE), Philips, Siemens, TOSHIBA |
Forecast Period 2022 to 2027 CAGR | CAGR of 5.6% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | General Electric (GE), Philips, Siemens, TOSHIBA, Hitachi Medical, Mindray, Sonosite (FUJIFILM), Esaote, Samsung Medison, Konica Minolta, SonoScape, LANDWIND MEDICAL, SIUI, CHISON, EDAN Instruments, Butterfly Network Inc., EagleView ultrasound |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 118 |
Customization Available | Yes, the report can be customized as per your needs |
Frequently Asked Questions
What is the study period of this market?
The Diagnostic Ultrasound Devices Market is studied from 2017 - 2027.
What is the growth rate of the Diagnostic Ultrasound Devices Market?
The Diagnostic Ultrasound Devices Market is growing at a CAGR of 5.6% over the next 5 years.
Who are the key players in Diagnostic Ultrasound Devices Market?
General Electric (GE), Philips, Siemens, TOSHIBA, Hitachi Medical, Mindray, Sonosite (FUJIFILM), Esaote, Samsung Medison, Konica Minolta, SonoScape, LANDWIND MEDICAL, SIUI, CHISON, EDAN Instruments, Butterfly Network Inc., EagleView ultrasound
What regions does this Diagnostic Ultrasound Devices Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Diagnostic Ultrasound Devices Market?
2D, 3D&4D, Doppler
What are the major end-use applications of Diagnostic Ultrasound Devices Market?
Radiology/Oncology, Cardiology, Obstetrics & Gynecology, Mammography/Breast, Emergency Medicine, Vascular, Others
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SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
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EXPERT VALIDATION
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REPORT WRITING/ PRESENTATION
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