Dublin, Dec. 29, 2023 (GLOBE NEWSWIRE) — The “Medical Ultrasound Equipment – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
Global Medical Ultrasound Equipment Market to Reach $10.2 Billion by 2030
The global market for Medical Ultrasound Equipment estimated at US$6.6 Billion in the year 2022, is projected to reach a revised size of US$10.2 Billion by 2030, growing at a CAGR of 5.6% over the analysis period 2022-2030.
The Ultrasound Market report discusses the impact of the COVID-19 pandemic on the healthcare industry, specifically on the demand for ultrasound technology. It highlights how the pandemic has brought lung ultrasound to the forefront as a crucial medical imaging modality and explores its applications in various aspects of COVID-19 patient care.
Diagnostic, one of the segments analyzed in the report, is projected to record 5.4% CAGR and reach US$6.5 Billion by the end of the analysis period. Growth in the Therapeutic segment is estimated at 6.1% CAGR for the next 8-year period.
The report provides an overview of medical ultrasound, comparing it to other imaging modalities and discussing its application areas in healthcare. It also offers insights into the long-term market outlook for ultrasound technology, with developing countries expected to drive future growth.
One of the major challenges discussed in the report is the cost-effectiveness of ultrasound compared to other imaging modalities, and it includes a cost comparison for different imaging methods. Additionally, the report covers the competitive landscape of the ultrasound equipment market, including market share data for leading players in both the global and handheld ultrasound equipment segments.
The importance of compact portable ultrasound systems in point-of-care imaging is emphasized, and recent market activities and major acquisitions in the ultrasound industry are also highlighted. Overall, the report provides a comprehensive view of the ultrasound market, its challenges, opportunities, and competitive landscape, making it a valuable resource for industry stakeholders and decision-makers.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 6.9% CAGR
The Medical Ultrasound Equipment market in the U.S. is estimated at US$1.4 Billion in the year 2022. China, the world’s second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2030 trailing a CAGR of 6.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 4.6% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies – Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 549 |
| Forecast Period | 2022 – 2030 |
| Estimated Market Value (USD) in 2022 | $6.6 Billion |
| Forecasted Market Value (USD) by 2030 | $10.2 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
MARKET TRENDS & DRIVERS
- Technology Advances Spur Growth
- Artificial Intelligence at the Forefront in New Ultrasound Systems
- Enhanced Visualization Methods Enter the Ultrasound Space
- Improved Electronics Drive Development of Advanced Systems
- Automated Ultrasound Scanning Improves Department Efficiency
- Advances in Compact Ultrasound Systems
- Ergonomics Gains Importance in New Product Designs
- Elastography Makes Waves in Ultrasound Industry
- Real-time 3D or 4D Ultrasound Imaging Grows in Prominence
- Increasing Rates of Breast Cancer Drives Ultrasound Presence as a Supplementary Imaging Tool for Breast Cancer
- Rise in Incidence of Cardiovascular Diseases Drives Demand for Echocardiography
- Fatalities by Heart Conditions – Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
- Emphasis on Improved Healthcare Delivery Drives Use of Ultrasound in Prenatal Diagnostics
- Global New Births (in Millions) per Annum by Geographic Region
- Ultrasound for Therapeutic Applications: Largely Untapped
- Select FDA Approved Modes for Ultrasound Therapy
- Focused Ultrasound: Multiple Therapeutic Possibilities
- Application of Ultrasound in Alleviating Parkinson’s Tremors
- Prevalence of Kidney Stones Drives Use of Ultrasound Technology
- Urinary Calculus Incidence by Type in the US: Percentage Breakdown of Incidence by Stone Type
- Advancements in Ultrasound Fusion Technology
- Ultrasound and MRI Imaging: An Efficient Combination
- Contrast Agents Expand Ultrasound Applications
- Commercially Available Contrast Agents for Cardiology Applications
- Microbubbles/Ultrasound Contrast Agents Set for Strong Growth
- Rise in Healthcare Expenditure to Drive Growth
- Demographic Factors Buoy Demand for Ultrasound Equipment
FOCUS ON SELECT PLAYERS(Total 71 Featured)
- B. Braun Melsungen AG
- Boston Scientific Corporation
- GE HealthCare PLC
- Hologic, Inc.
- FUJIFILM Holdings Corporation
- Konica Minolta, Inc.
- Koninklijke Philips N.V.
- EDAP TMS SA
- EDAN Instruments, Inc.
- BenQ Medical Technology Corporation
- BK Ultrasound
- Echo-Son SA
- Konica Minolta Healthcare
- Alpinion Medical Systems Co., Ltd.
- Draminski SA
For more information about this report visit https://www.researchandmarkets.com/r/hntqoz
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- Medical Ultrasound Equipment Market
