According to the latest report by IMARC Group, titled “Global Ultrasound Devices Market Trends, Growth Size, Share, Opportunity and Forecast 2023-2028″ reached a value of US$ 8.9 Billion in 2022. Looking forward, expects the market to reach a value of US$ 14.6 Billion by 2028 exhibiting a CAGR of 5.4% during 2023-2028.

What is a Ultrasound Devices Market?

An ultrasound scan, or sonography, is a medical examination that uses high-frequency sound waves to record real-time images of the interior of the body. It aids medical professionals in the non-invasive diagnosis of problems of the liver, kidneys, ovaries, pancreas, uterus, testicles, bladder, eyes, gallbladder, spleen, thyroid, and blood vessels. It also helps see a developing fetus during pregnancy, as ultrasound does not use radiation compared to other imaging methods. Currently, ultrasound devices are widely used to guide a needle for biopsy or tumor treatment, check the thyroid gland, find genital and prostate problems, evaluate metabolic bone diseases and examine a breast lump.

What are the major market drivers in the Ultrasound Devices Market?

The global ultrasound devices market is primarily driven by the rising prevalence of chronic and lifestyle disorders among the masses. Moreover, the surging adoption of ultrasound devices for diagnostic imaging and treatment is positively influencing the market growth. Additionally, there has been rising demand for minimally invasive procedures as they are less painful, require less recovery time, and involve fewer complications.

Along with this, the increasing use of ultrasound technology in fusion with CT/MR, laparoscopic ultrasound, shear wave elastography, wireless transducers, app-based ultrasound technology, and 3D imaging has catalyzed market growth. Other factors, including rising demand for handheld ultrasound devices, the integration of artificial intelligence (Al) in ultrasound devices, and rapid expansion in the healthcare industry, are also anticipated to create a positive market outlook.

Covid-19 Impact:

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

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For the competitor segment, the report includes global key players of the Ultrasound Devices Market.

Canon Medical Systems Corporation (Canon Inc.)

CHISON Medical Technologies Co. Ltd.

Esaote SpA

Fujifilm Holdings Corporation

General Electric Company

Hologic Inc.

Konica Minolta Inc.

Koninklijke Philips N.V.

Samsung Medison Co. Ltd

(Samsung Electronics Co. Ltd.)

Shenzhen Mindray Bio-Medical Electronics Co. Ltd.

Siemens Healthcare GmbH (Siemens AG)

and Trivitron Healthcare.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Product Type:

  • Diagnostic Ultrasound Systems
    • 2D Imaging Systems
    • 3D and 4D Imaging Systems
    • Doppler Imaging
  • Therapeutic Ultrasound Systems
    • High-Intensity Focused Ultrasound (HIFU)
    • Extracorporeal Shockwave Lithotripsy (ESWL)

Breakup by Device Display Type:

  • Color Ultrasound Devices
  • Black and White (B/W) Ultrasound Devices

Breakup by Device Portability:

  • Trolley/Cart-Based Ultrasound Devices
  • Compact/Handheld Ultrasound Devices

Breakup by Application:

  • Radiology/General Imaging
  • Obstetrics/Gynecology
  • Cardiology
  • Urology
  • Vascular
  • Others

Breakup by End Use:

  • Hospitals
  • Imaging Centers
  • Research Centers

Regional Insights:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America

On the geographical front, Asia Pacific enjoys the leading position in the market. This can be attributed to the rising establishment of international companies in the region, on account of low manufacturing costs and cheap labor.

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