China Ultrasound Device Market Analysis And Forecast Report...

China Ultrasound Device Market Analysis And Forecast Report 2024-2030

Posted 2024-09-17 05:10:42

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The China Ultrasound Device Market is projected to reach approximately US$ 2.94 billion by 2030, as per Renub Research. Diagnostic imaging tools visualize both structural and functional patterns of organs or tissues. Ultrasound structures use high-frequency sound waves to generate real-time photographs of internal body structures. China's ultrasound market growth is driven by factors that include the growing burden of continual illnesses and technological advancements. There is a great worldwide demand for ultrasound devices because of their non-invasive nature and potential to offer clean pictures. This demand is fueled by rapid urbanization, the enlargement of healthcare infrastructure, a growing older populace, and an emphasis on early ailment detection in China.

In 2023, the ultrasound tool market in China reached a value of US$ 1.95 billion. It is projected to develop at a CAGR of 6.04% from 2024 to 2030. With the growing burden of continual diseases, which include most cancers, cardiology, and neurology illnesses, among others, which require early and powerful prognostic devices, the demand for ultrasound will in all likely to increase over the forecast duration. For instance, in keeping with the Global Tuberculosis Report 2022, TB affected 7.5% of the population in China in 2021.

Technological advancements are crucial to propelling the growth of the ultrasound tool marketplace in China. Continuous improvements, which include stepped-forward image precision, 3-D/4D imaging functionalities, and the introduction of portable devices, decorate diagnostic accuracy and expand software possibilities. Integrating automation and artificial intelligence streamlines the diagnostic workflow, improving the efficiency and consumer-friendliness of ultrasound devices. China's healthcare enterprise is embracing precision medication and personalized healthcare, fostering the adoption of advanced ultrasound technology. This alignment between technological advancements and healthcare necessities positions the ultrasound tool marketplace at the vanguard of diagnostic innovation in China.

China government projects in healthcare and considerable investments in studies and improvement are pivotal in driving market growth. These endeavors bolster infrastructure, enhance access to clinical offerings, and foster innovation. By prioritizing the advancement of diagnostic capabilities and customizing technologies to fulfill evolving healthcare needs, government support creates a favorable environment for market enlargement. The synergy between government initiatives and research improvement speeds up the adoption of advanced ultrasound technology, fueling a market increase in China.

Trolley /cart-based ultrasound devices are positioned to experience rapid growth in the Chinese market.

Trolley- or cart-based ultrasound devices have emerged as highly sought-after portable options within the Chinese ultrasound device market. These devices offer flexibility and mobility and provide healthcare professionals with convenient and efficient imaging solutions. Their popularity stems from their ability to deliver high-quality diagnostic capabilities while remaining easily transportable, facilitating use in diverse clinical settings. As healthcare demands continue to evolve and expand across China, trolley- or cart-based ultrasound devices are expected to maintain their prominence, meeting the growing need for reliable and accessible diagnostic imaging tools.

Radiology holds a substantial portion of the market share in the ultrasound device sector in China.

Radiology is dominant in China's ultrasound device market, driven by its pivotal role in diagnostic imaging and essential contribution to healthcare delivery. Its increasing demand, fueled by advanced imaging technologies and an expanding healthcare infrastructure, further solidifies its influence. Radiology's accuracy in imaging results guides medical decision-making, making it a critical component in improving patient outcomes. With its significant impact, radiology is poised

to maintain dominance in China's ultrasound device market, shaping diagnostic imaging for the foreseeable future.

Hospitals represent one of the primary segments in the ultrasound device market in China.

The hospital sector is a leading segment of the Chinese ultrasound device market. With a strong demand for advanced diagnostic imaging technologies, hospitals play a pivotal role in driving the growth of the ultrasound device market. The increasing need for accurate and efficient medical imaging solutions and the expanding healthcare infrastructure across China contribute to hospitals' prominence in this market. As hospitals prioritize enhancing patient care and diagnostic capabilities, they remain a key driving force in adopting and utilizing ultrasound devices throughout the country.

Key Players

Canon Medical Systems Corporation, Koninklijke Philips NV, Siemens AG, Samsung Electronics Co. Ltd., Hologic, Inc., Fujifilm Holdings Corporation, GE Healthcare, and Shenzhen Mindray Bio-Medical Electronics Co., Ltd. stand as the primary players in the ultrasound device market in China.

Portability – China Ultrasound Device Market breakup in 2 Viewpoints:

1. Trolley/Cart-based Ultrasound Devices

2. Compact/Handheld Ultrasound Devices

Application – China Ultrasound Device Market breakup in 6 viewpoints:

1. Radiology/General Imaging

2. Cardiology

3. Gynecology

4. Vascular

5. Urology

6. Others

End-User – China Ultrasound Device Market breakup in 6 viewpoints:

1. Hospitals