Global Ultrasound Devices Market, by Product Type (2D Ultrasound, 3D Ultrasound, 4D Ultrasound, Doppler Ultrasound, and High Frequency Focused Ultrasound), by Application (Cardiology, Radiology, Musculoskeletal, Obstetrics/Gynecology, and Others), by Device Portability (Trolley/Stationary Devices and Portable/Compact Devices), by End User (Hospitals, Diagnostic Centers, and Ambulatory Surgical Centers) and by Region - Trends and Forecast till 2025
- Report code : CMI4438 |
- Industry :
Medical Devices
- Published On : Dec 2017 |
- Pages : 190 Pages |
- Format :
Ultrasound Devices Market – Enhancing Visualization in Medical Imaging
Medical ultrasound also referred as ultrasonography or diagnostic sonography is a technique based on application of ultrasound to visualize internal body structures such as muscles, tendons, blood vessels, and others. Moreover, the ultrasonography has wide applications in examining pregnant women known as obstetric ultrasound that helps to monitor the development and well-being of the baby in the womb. The ultrasound waves are audio waves with frequencies higher than the audible range of human beings. Technological advancements in the ultrasound imaging, can provide 3D as well 4D data of the internal body structures. Ultrasound has become an indispensable modality in imaging, owing to its flexibility and non-invasive characteristics. The ultrasound devices market is expected to witness a significant growth over the forecast period, owing to the increasing number of pregnancies and childbirth, awareness among populace regarding the benefits of early diagnosis and rise in incidence of chronic diseases such as cardiac diseases requiring observation of heart and cardiac muscle function to ensure the effects of treatments.
Increasing number of pregnancies to boost the growth of global ultrasound devices market
The rise in number of child births every consistent year is one of major factors promoting the use of ultrasound devices as the development of the child in the womb is usually monitored with the help of ultrasound imaging. According to the Centers for Disease Control and Prevention (CDC), the total number of births in the U.S. accounted for 3,978,497 in 2016. The birth rate in the U.S. was 12.4 births per 1,000 population and thus obstetrics and gynecology contributes a significant share in the global ultrasound devices market. Technological advancements in automated medical imaging tools and software have changes the conventional way of performing ultrasound imaging. For instance, Philips Healthcare in 2013 introduced ‘Epiq’ Ultrasound Platform, new technology and software that uses Philips’s Anatomical Intelligence Software, which assist the operators to get optimum views of specific measurement and exam and uses intelligence in determining the anatomy of the organ being imaged from a correct direction to get optimum image quality. However, reproducibility still exists to be major limitation of the ultrasound devices as variation between operator leads to different measurements for the same anatomy.
The global ultrasound devices market was valued at US$ 5,888.1 million in 2016 and is expected to witness a robust CAGR of 1.9% over the forecast period (2017 - 2025).
Figure 1. Global Ultrasound Devices Market Share (%), by Device Type, 2016
Source: Coherent Market Insights (2017)
Technological advancements in the hand-pieces segment to propel the growth of global ultrasound devices market
Market players are focused towards providing advanced ultrasound devices to the consumers that include updated technologies and improvements in workflow and image quality. For instance, Esaote SpA launched new CrystaLine imaging technology at American College of Cardiology (ACC) meeting in March 2014 that exhibits improved diagnostic efficacy and ability to personalize image quality for each patient. This technology contained several workflow enhancements that are helpful for clinicians to manage the increasing influx of patients. Some of the major players operating the global ultrasound devices market include GE Healthcare, Koninklijke Philips N.V., Toshiba Medical Corporation, Hitachi Medical Corporation, Analogic Corporation, Fujifilm Corporation, Siemens Healthcare, Samsung Medison Co. Ltd., and Esaote S.p.A.
Ultrasound devices are imaging machines that use sound waves to generate pictures of the internal body structures to find a source of disease or malfunction in various body organs such as tendons, joints, muscles, blood vessels, and others. Ultrasound devices are also used at a significant number for examining pregnant women and the brain and other functionalities of the infants. These devices offer great level of assistance in medical imaging as the ultrasound waves are non-invasive, safe, and do not make use of ionizing radiation. Ultrasound devices used in imaging are mainly classified in five different types that include 2D Ultrasound, 3D Ultrasound, 4D Ultrasound, Doppler Ultrasound, and High Intensity Focused Ultrasound Devices. The 2D ultrasound devices are the most commonly used in practice that provides flat, two-dimensional, black, and white images of internal body parts and infants in pregnant women.
Market Dynamics
The major factor driving the growth of global ultrasound devices market is the rise in incidence and prevalence rates of chronic diseases that demand medical imaging for its diagnosis and treatment monitoring. For instance, according to a data by Centers for Disease Control and Prevention (CDC), chronic diseases are responsible for 7 out of 10 deaths in the U.S., a majority of these diseases are diagnosed with the help of medical imaging such as ultrasound imaging. Various factors driving the global ultrasound market include technological advancements in ultrasound imaging such as 4D and high frequency focused ultrasound devices, rise in number of diagnostic imaging procedures, and increasing awareness among people regarding the importance of early disease diagnosis as a preventive measure. However, stringent FDA regulations and lack of skilled and experienced personnel to operate these devices are restraining the market growth.
Key features of the study:
- This report provides in-depth analysis of ultrasound devices market, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017–2025), considering 2017 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global ultrasound devices market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
- Key companies covered as a part of this study include GE Healthcare, Koninklijke Philips N.V., Toshiba Medical Corporation, Hitachi Medical Corporation, Analogic Corporation, Fujifilm Corporation, Siemens Healthcare, Samsung Medison Co. Ltd., and Esaote S.p.A.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
- The global Ultrasound devices Market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the Ultrasound devices Market
Detailed Segmentation:
- Global Ultrasound devices Market, By Product Type:
- 2D Ultrasound
- 3D Ultrasound
- 4D Ultrasound
- Doppler Ultrasound
- High Intensity Focused Ultrasound
- Global Ultrasound devices Market, By Application:
- Cardiology
- Radiology
- Musculoskeletal
- Obstetrics/Gynecology
- Others
- Global Ultrasound devices Market, By Device Portability:
- Trolley/Stationary Devices
- Compact/Portable Devices
- Global Ultrasound devices Market, By End User:
- Hospitals
- Diagnostic Centers
- Ambulatory Surgical Centers
- Global Ultrasound devices Market, By Geography:
- North America
- By Product Type:
- 2D Ultrasound
- 3D Ultrasound
- 4D Ultrasound
- Doppler Ultrasound
- High Intensity Focused Ultrasound
- By Application:
- Cardiology
- Radiology
- Musculoskeletal
- Obstetrics/Gynecology
- Others
- By Device Portability:
- Trolley/Stationary Devices
- Compact/Portable Devices
- By End User:
- Hospitals
- Diagnostic Centers
- Ambulatory Surgical Centers
- By Country:
- U.S.
- Canada
- Europe
- By Product Type:
- 2D Ultrasound
- 3D Ultrasound
- 4D Ultrasound
- Doppler Ultrasound
- High Intensity Focused Ultrasound
- By Application:
- Cardiology
- Radiology
- Musculoskeletal
- Obstetrics/Gynecology
- Others
- By Device Portability:
- Trolley/Stationary Devices
- Compact/Portable Devices
- By End User:
- Hospitals
- Diagnostic Centers
- Ambulatory Surgical Centers
- By Country:
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Product Type:
- 2D Ultrasound
- 3D Ultrasound
- 4D Ultrasound
- Doppler Ultrasound
- High Intensity Focused Ultrasound
- By Application:
- Cardiology
- Radiology
- Musculoskeletal
- Obstetrics/Gynecology
- Others
- By Device Portability:
- Trolley/Stationary Devices
- Compact/Portable Devices
- By End User:
- Hospitals
- Diagnostic Centers
- Ambulatory Surgical Centers
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- By Product Type:
- 2D Ultrasound
- 3D Ultrasound
- 4D Ultrasound
- Doppler Ultrasound
- High Intensity Focused Ultrasound
- By Application:
- Cardiology
- Radiology
- Musculoskeletal
- Obstetrics/Gynecology
- Others
- By Device Portability:
- Trolley/Stationary Devices
- Compact/Portable Devices
- By End User:
- Hospitals
- Diagnostic Centers
- Ambulatory Surgical Centers
- By Country:
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- By Product Type:
- 2D Ultrasound
- 3D Ultrasound
- 4D Ultrasound
- Doppler Ultrasound
- High Intensity Focused Ultrasound
- By Application:
- Cardiology
- Radiology
- Musculoskeletal
- Obstetrics/Gynecology
- Others
- By Device Portability:
- Trolley/Stationary Devices
- Compact/Portable Devices
- By End User:
- Hospitals
- Diagnostic Centers
- Ambulatory Surgical Centers
- By Country:
- GCC
- Israel
- Rest of Middle East
- Africa
- By Product Type:
- 2D Ultrasound
- 3D Ultrasound
- 4D Ultrasound
- Doppler Ultrasound
- High Intensity Focused Ultrasound
- By Application:
- Cardiology
- Radiology
- Musculoskeletal
- Obstetrics/Gynecology
- Others
- By Device Portability:
- Trolley/Stationary Devices
- Compact/Portable Devices
- By End User:
- Hospitals
- Diagnostic Centers
- Ambulatory Surgical Centers
- By Country:
- South Africa
- Central Africa
- North Africa
- Company Profiles
- GE Healthcare*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments
- Koninklijke Philips N.V.
- Toshiba Medical Corporation
- Hitachi Medical Corporation
- Analogic Corporation
- Fujifilm Corporation
- Siemens Healthcare
- Samsung Medison Co. Ltd.
- Esaote S.p.A.
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Product Type
- Market Snippet By Application
- Market Snippet By Device Portability
- Market Snippet By End User
- Market Snippet By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Technological Advancements in Imaging Technology
- Impact Analysis
- PEST Analysis
- Epidemiology
- Global Ultrasound Devices Market, By Product Type, 2017 – 2025, (US$ Mn)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-o-Y Growth Analysis, 2017 - 2025
- Segment Trends
- 2D Ultrasound
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Mn)
- 3D Ultrasound
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Mn)
- 4D Ultrasound
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Mn)
- Doppler Ultrasound
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Mn)
- High Intensity Focused Ultrasound
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Mn)
- Global Ultrasound Devices Market, By Application, 2017 - 2025, (US$ Mn)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-o-Y Growth Analysis, 2017 - 2025
- Segment Trends
- Cardiology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Mn)
- Radiology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Mn)
- Musculoskeletal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Mn)
- Obstetrics/Gynecology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Mn)
- Global Ultrasound Devices Market, By Device Portability, 2017 - 2025, (US$ Mn)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-o-Y Growth Analysis, 2017 - 2025
- Segment Trends
- Trolley/Stationary Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Mn)
- Compact/Portable Devices
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Mn)
- Global Ultrasound Devices Market, By End User, 2017 - 2025, (US$ Mn)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Y-o-Y Growth Analysis, 2017 - 2025
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Mn)
- Diagnostic Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Mn)
- Ambulatory Surgical Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 - 2025, (US$ Mn)
- Global Ultrasound Devices Market, By Region, 2017 – 2025, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2016 and 2025 (%)
- Y-o-Y Growth Analysis, For Regions, 2017 - 2025
- North America
- Market Size and Forecast, By Product Type, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By Application, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By Device Portability, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By End User, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By Country, 2017 - 2025, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Product Type, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By Application, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By Device Portability, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By End User, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By Country, 2017 - 2025, (US$ Mn)
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Market Size and Forecast, By Product Type, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By Application, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By Device Portability, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By End User, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By Country, 2017 - 2025, (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Product Type, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By Application, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By Device Portability, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By End User, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By Country, 2017 - 2025, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of APAC
- Middle East
- Market Size and Forecast, By Product Type, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By Application, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By Device Portability, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By End User, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By Country, 2017 - 2025, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Product Type, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By Application, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By Device Portability, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By End User, 2017 - 2025, (US$ Mn)
- Market Size and Forecast, By Country, 2017 - 2025, (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis (3x3 Matrix)
- Company Profiles
- GE Healthcare*
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Koninklijke Philips N.V.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Toshiba Medical Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Hitachi Medical Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Analogic Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Fujifilm Corporation
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Siemens Healthcare
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Samsung Medison Co. Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Esaote S.p.A.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Future Plans
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 35 market data tables and 30figures on "Ultrasound Devices Market - Global forecast to 2025”.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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