Recently Viewed
empty-cart

There are no Recent Items

Close
Login/Register

Close
Single User License Price USD 3500
Single User License Price INR 242235
Corporate User License Price USD 5000
Corporate User License Price INR 346050
Site License Price USD 4000
Site License Price INR 276840
Request a Quote

Report Title

Ultrasound Devices Market Forecasts up to 2025

Quote Request for License Type
License Type Price  
Single User License USD 3500
Site License USD 4000
Enterprise Wide License USD 5000
"Thanks for submitting the form. Our marketing team will connect back to you for the budget constraint."
Close
REQUEST A CUSTOMIZED RESEARCH

Report Title

Ultrasound Devices Market Forecasts up to 2025


Quote Request for License Type
License Type Price  
Single User License USD 3500
"Thanks for letting us know your requirement. Our research team will connect back to you for the bespoke requirement."
Close
REQUEST FOR SAMPLE REPORT

Report Title

Ultrasound Devices Market Forecasts up to 2025

"Thanks for submitting the form. The concerned team will send the sample report in the next 12 hours."
"Thank you for downloading the sample report."
Close

Ultrasound Devices Market Forecasts up to 2025



Executive Summary

Overview

Ultrasound systems are high-frequency machines used for multiple applications. It enables to visualize the various internal body structures and is widely used in the medical field. Its high-frequency sound waves help to visualize the organs and structure of the body. Ultrasound imaging is considered as the safest imaging technique widely used across areas such as urology, cardiology, radiology, and others. It is one of the most vital application in detecting and viewing of the fetus in the womb of a pregnant woman. Ultrasound systems are used extensively in the field of medical imaging as it helps the physician to evaluate, diagnose, and treat various medical conditions. The strength (amplitude) of the sound signal and the time taken for the sound wave to travel through the body and collects the information which forms the image. Since many years the ultrasound imaging is used and it has reached the excellent safety record among all imaging modalities. It is generally considered as the safest imaging machine when appropriately used by trained healthcare providers. The energy by the machine has the potential to produce biological effects on the body.

Market Scenario

The market has witnessed steady growth in the past few years and development in technology with the introduction of light weight, compact, and easy to use portable ultrasound devices have increased the acceptance of ultrasound devices in the market. The market is fueled by innovation and new technological techniques & procedures. The increase in demand for more advanced & customized diagnosis and treatment with availability of vast healthcare services globally have pushed the market to produce safe, efficient, and cost-effective products in the market. The last couple of decades have witnessed an unparalleled growth in advanced and innovative technologies, which has resulted in the development of state-of-the-art medical device industry. Diagnostic imaging is one of the major industries in healthcare, which has adopted to constant changes and continues to grow consistently. Most of the leading medical device companies focus in developing high-quality imaging data by delivering real-time images that provide assessment of various tissue pathophysiology based on different spectral characteristic of the tissue.

Factors such as aging, progressive health condition, hypertension, alcohol consumption, secondary medical conditions such as depression, cardiovascular, and other serious medical conditions, the sales of ultrasound devices are expected to increase during the forecast period due to technological adoption of ultrasound devices in hospitals.

Key Players -

The market is dominated by GE Healthcare, Philips Healthcare, Siemens Healthcare, Fujifilm Holdings Corp., Canon Medical Systems, Hitachi Medical, Hologic, and Carestream have the maximum revenue generation in the global ultrasound devices market.

Market Analysis-The global ultrasound devices market is estimated to witness a CAGR of 8.4% during the forecast period 2018-2024. The market is analyzed based on five segments, namely product type, imaging type, application type, end-users, and regions.

Regional Analysis-The regions covered in the report are North America, Europe, Asia Pacific, and Rest of the World (ROW). In North America, the US and Canada are the leading countries owing to the highest number of diagnostic cases in 2018. Increasing aging population is one among the primary risk factors for various chronic diseases. With growing technological advancement and innovation in many healthcare services it has led to an increase in their target segments to provide a complete diagnostic setup. It is attributed with numerous technologies in healthcare industry and the medical devices sector especially the general surgery devices which is one of the vital segments of the medical field. This region dominates the overall presence of ultrasound devices and has the most diversified ultrasound systems available in the market. It has the highest percentage of elderly population with many individuals with chronic diseases such as CVD, diabetes, obesity, high blood pressure, and other urology related factors. This has attracted most of the vendors to sustain and grow over the period and maintain their product presence in the market.

Europe is set to be the second leading region and held more than 25% of the market share in 2018. The market in Europe was largely driven by advances in ultrasound technologies. Factors such as increase in the prevalence of diseases, continuous adoption of advanced technologies, and increasing aging population are driving the market. The leading countries are Germany, France, UK, and Italy to the market.

The APAC region is the fastest growing region in the global ultrasound devices market in 2018.

Competitive Analysis-The global ultrasound devices market has massive growth opportunities in both developed and developing regions. The advances in technology and product upgradation will increase the competition among vendors. Many vendors are focusing on developing advanced technological ultrasound devices to upgrade their product portfolio that intensifies the market competition. Manufacturers have formulated various strategies for developing innovative ultrasound devices that are able to compete in the market.

Siemens Healthcare, GE Healthcare, Philips Healthcare, Canon Medical Systems, and Fujifilm Holdings Corp dominated the market in 2018. Other companies like Hologic, Hitachi Medical, Carestream Health, and Esaote SpA have negligible share and will compete strongly with the leading vendors in the market. The benefits such as safety, high quality images, easy monitoring and analysis of 3D images, obtaining high resolution images to show small breast cancers, and combination with multi-imaging systems have increased the demand of ultrasound devices in the market.

Key competitive facts -

The market is highly competitive with all the players competing to gain market shares. Intense competition, rapid advancements in technology, frequent changes in government policies, and the prices are key factors that confront the market.

The requirement of high initial investment, implementation, and maintenance cost in the market are also limiting the entry of new players.

Benefits-The report provides complete details about the usage and adoption rate of ultrasound devices market. Thus, the key stakeholders can know about the major trends, drivers, investments, vertical player's initiatives, and government initiatives towards the medical devices segment in the upcoming years along with details of the pureplay companies entering the market. Moreover, the report provides details about the major challenges that are going to impact the market growth. Additionally, the report gives complete details about the key business opportunities to key stakeholders in order to expand their business and capture the revenue in specific verticals, and to analyze before investing or expanding the business in this market.

Key Stakeholders -

Table of Contents

1 Industry Outlook 10

1.1 Medical Devices Industry 10

1.1.1 Overview 10

1.1.2 Geography 10

1.1.3 Medical technologies 11

1.1.4 Industry Trends 12

1.2 Healthcare Spending in the US 14

1.3 Regulatory Bodies & Standards 14

1.4 Reimbursement Scenario 15

1.5 Emerging Global Markets 16

1.6 Patient Demographics 17

1.7 Definition: Ultrasound System 19

1.7.1 Ultrasound 19

1.7.1.1 Overview 19

1.7.2 Why Ultrasound Systems? 20

1.8 Healthcare Spending in the US 20

1.9 PESTLE Analysis 21

2 Report Outline 23

2.1 Report Scope 23

2.2 Report Summary 23

2.3 Research Methodology 24

2.4 Report Assumptions 25

3 Market Snapshot 26

3.1 Total Addressable Market (TAM) 26

3.2 Segmented Addressable Market (SAM) 29

3.3 Strategic Initiatives 32

3.4 Related Markets 33

3.4.1 Medical Imaging Devices 33

3.4.2 Medical X-ray Equipment 33

3.4.3 MRI Equipment 33

3.4.4 Mammography Devices 33

3.4.5 Healthcare X-ray Detectors 34

3.5 Porter 5 (Five) Forces 34

4 Market Characteristics 36

4.1 Market Segmentation, By Product Type 36

4.1.1 Stationary Ultrasound Devices 37

4.1.2 Portable ultrasound devices 38

4.2 Ultrasound Devices Market, By Imaging Type 40

4.2.1 2D Imaging 40

4.2.2 3D Imaging 40

4.2.3 4D imaging 41

4.3 Ultrasound Devices Market, By Application Type 41

4.3.1 Radiology 42

4.3.2 Cardiovascular 43

4.3.3 Gynecology/obstetrics 43

4.3.4 Musculoskeletal 43

4.3.5 POC 43

4.3.6 Others 43

4.4 Market Dynamics 43

4.4.1 Drivers 44

4.4.1.1 Increase in adoption of advanced ultrasound systems 44

4.4.1.2 Increase focus in improving the quality of care in surgical patients 45

4.4.1.3 Rise in number of diagnostic centers 45

4.4.1.4 Increased adoption of 3D and 4D ultrasound equipment 45

4.4.2 Restraints 45

4.4.2.1 Stringent regulations for approval 45

4.4.2.2 Inadequate reimbursement policies 46

4.4.2.1 Intense competition among vendors 46

4.4.2.2 Lack of skilled radiologists 46

4.4.3 Opportunities 46

4.4.3.1 Technological advancement-Real-time 3D 46

4.4.3.2 Increase in the number of outpatient procedures 47

4.4.3.3 Increased healthcare spending 47

4.4.3.4 Market expansion opportunities in emerging nations 47

4.4.4 DRO-Impact Analysis 48

4.5 Key Stakeholders 49

5 End-Users 50

5.1 Overview 50

5.2 Hospitals 51

5.3 Ambulatory Care Centers (ASCs) 51

5.3.1 ASCs in the Americas 52

5.3.1.1 US 52

5.3.1.2 Canada 52

5.3.1.3 Mexico 52

5.3.1.4 Cuba 52

5.3.2 ASCs in EMEA 52

5.3.2.1 UK 52

5.3.2.2 Germany 52

5.3.2.3 France 53

5.3.2.4 Israel 53

5.3.2.5 Africa 53

5.3.3 ASCs in APAC 53

5.3.3.1 Australia 53

5.3.3.2 Japan 53

5.3.3.3 India 53

5.3.3.4 China 53

5.4 Diagnostic Centers 54

5.5 Others (Research Centers, Non-Profit Organizations, and Nursing Homes) 54

6 Regions 56

6.1 Overview 56

6.1.1 North America 58

6.1.1.1 Market overview 58

6.1.2 Europe 59

6.1.2.1 Market overview 59

6.1.3 APAC 60

6.1.3.1 Market overview 60

6.1.4 Rest of the World 61

6.1.4.1 Market overview 61

7 Competitive Landscape 64

7.1 Competitor Comparison Analysis 64

8 Vendor Profiles 65

8.1 GE Healthcare 65

8.1.1 Overview 65

8.1.2 Business Units 70

8.1.3 Geographic Revenue 72

8.1.4 Business Focus 72

8.1.5 SWOT Analysis 73

8.1.6 Business Strategies 73

8.2 Philips Healthcare 74

8.2.1 Overview 74

8.2.2 Business Units 80

8.2.3 Geographic Revenue 81

8.2.4 Business Focus 81

8.2.5 SWOT Analysis 82

8.2.6 Business Strategies 82

8.3 Siemens Healthineers Inc. 83

8.3.1 Overview 83

8.3.2 Business Units 87

8.3.3 Geographic Revenue 89

8.3.4 Business Focus 89

8.3.5 SWOT Analysis 90

8.3.6 Business Strategies 90

8.4 Fujifilm Holdings Corporation 91

8.4.1 Overview 91

8.4.2 Business Units 95

8.4.3 Geographic Revenue 96

8.4.4 Business Focus 96

8.4.5 SWOT Analysis 97

8.4.6 Business Strategies 97

8.5 Canon Medical Systems Corporation 98

8.5.1 Overview 98

8.5.2 Business Segments 100

8.5.3 Geographic Revenue 100

8.5.4 Business Focus 101

8.5.5 SWOT Analysis 101

8.5.6 Business Strategies 102

9 Companies to Watch for 103

9.1 Hitachi Medical Corp. 103

9.1.1 Overview 103

9.1.2 Business Focus 105

9.1.3 Business Strategies 105

9.2 Carestream Health Inc. 105

9.2.1 Overview 105

9.2.2 Key Highlights 106

9.2.3 Key News 106

9.3 Hologic Inc. 107

9.3.1 Overview 107

9.3.2 Key Highlights 107

9.3.3 Key News 108

10 Other Vendors 109

Annexure 111

? Abbreviations 111

?

To know more information on Purchase by Section, please send a mail to sales@kenresearch.com

CHART 1 GLOBAL MEDICAL DEVICES MARKET SEGMENTATION 13

CHART 2 IMPERATIVES OF EMERGING MARKETS 19

CHART 3 US POPULATION DISTRIBUTION BY AGE 2017 20

CHART 4 US HEALTHCARE CONSUMPTION BY AGE 2017 20

CHART 5 WORLD POPULATION AGED 65 YEARS AND ABOVE, 1960-2060 (%) 21

CHART 6 PESTLE ANALYSIS OF ULTRASOUND DEVICES MARKET 23

CHART 7 24

CHART 8 RESEARCH METHODOLOGY OF GLOBAL ULTRASOUND DEVICES MARKET 26

CHART 9 ULTRASOUND MARKET OUTLOOK 31

CHART 10 GLOBAL ULTRASOUND DEVICES MARKET REVENUE, 2018-2025 (USD MILLION) 33

CHART 11 OPPORTUNITY ANALYSIS 34

CHART 12 PORTERS 5 FORCES ON ULTRASOUND DEVICES MARKET 36

CHART 13 GLOBAL ULTRASOUND DEVICES MARKET SEGMENTATION 38

CHART 14 GLOBAL ULTRASOUND DEVICES MARKET 2018-2025 38

CHART 15 GLOBAL ULTRASOUND DEVICES MARKET OVERVIEW BY PRODUCTS 2018 (USD MILLION) 39

CHART 16 GLOBAL STATIONARY ULTRASOUND DEVICES SYSTEMS MARKET REVENUE, 2018-2025 (USD MILLION) 40

CHART 17 GLOBAL PORTABLE ULTRASOUND DEVICES MARKET, 2018-2025 (USD MILLION) 41

CHART 18 GLOBAL ULTRASOUND DEVICES MARKET BY PRODUCT, 2018-2025 (USD MILLION) 41

CHART 19 GLOBAL ULTRASOUND DEVICES MARKET SEGMENTATION BY PRODUCT, 2018-2025(%) 41

CHART 20 GLOBAL ULTRASOUND DEVICES MARKET SEGMENTATION 43

CHART 21 GLOBAL ULTRASOUND DEVICES MARKET SEGMENTATION IN 2018 (%) 44

CHART 22 MARKET DYNAMICS-DRIVERS, RESTRAINTS & OPPORTUNITIES 45

CHART 23 DRO-IMPACT ANALYSIS OF ULTRASOUND DEVICES MARKET 50

CHART 24 KEY STAKEHOLDERS 51

CHART 25 GLOBAL ULTRASOUND DEVICES MARKET BY END-USER SEGMENTATION, 2018 (%) 52

CHART 26 GLOBAL ULTRASOUND DEVICES MARKET BY GEOGRAPHICAL SEGMENTATION, 2018 AND 2025 (%) 58

CHART 27 GLOBAL ULTRASOUND DEVICES MARKET OVERVIEW BY REGIONS 2018 (USD MILLION) 59

CHART 28 ULTRASOUND DEVICES MARKET REVENUE IN NORTH AMERICA, 2018-2025 (USD MILLION) 60

CHART 29 ULTRASOUND DEVICES MARKET REVENUE IN THE EUROPE, 2018-2025 (USD MILLION) 61

CHART 30 ULTRASOUND DEVICES MARKET REVENUE IN THE APAC, 2018-2025 (USD MILLION) 62

CHART 31 ULTRASOUND DEVICES REVENUE IN THE REST OF THE WORLD, 2018-2025 (USD MILLION) 64

CHART 32 GLOBAL ULTRASOUND DEVICES MARKET SEGMENTATION BY GEOGRAPHY, 2018-2025 (USD MILLION) 64

CHART 33 GLOBAL ULTRASOUND DEVICES MARKET SEGMENTATION BY GEOGRAPHY, 2018-2025 (%) 65

CHART 34 GE HEALTHCARE: OVERVIEW SNAPSHOT 71

CHART 35 GE HEALTHCARE: BUSINESS UNITS 72

CHART 36 GE HEALTHCARE: GEOGRAPHIC REVENUE 74

CHART 37 GE HEALTHCARE: SWOT ANALYSIS 75

CHART 38 PHILIPS HEALTHCARE: OVERVIEW SNAPSHOT 81

CHART 39 PHILIPS HEALTHCARE: BUSINESS UNITS 82

CHART 40 PHILIPS HEALTHCARE: GEOGRAPHIC REVENUE 83

CHART 41 PHILIPS HEALTHCARE: SWOT ANALYSIS 84

CHART 42 SIEMENS HEALTHINEERS INC.: OVERVIEW SNAPSHOT 88

CHART 43 SIEMENS HEALTHINEERS INC.: BUSINESS UNITS 89

CHART 44 SIEMENS HEALTHINEERS INC.: GEOGRAPHIC REVENUE 91

CHART 45 SIEMENS HEALTHINEERS INC.: SWOT ANALYSIS 92

CHART 46 FUJIFILM HOLDINGS CORP.: OVERVIEW SNAPSHOT 96

CHART 47 FUJIFILM HOLDINGS CORP.: BUSINESS UNITS 97

CHART 48 FUJIFILM HOLDINGS CORP.: GEOGRAPHIC REVENUE 98

CHART 49 FUJIFILM HOLDINGS CORP.: SWOT ANALYSIS 99

CHART 50 CANON MEDICAL SYSTEMS CORP.: OVERVIEW SNAPSHOT 101

CHART 51 CANON MEDICAL SYSTEMS CORP.: SEGMENT SALES 102

CHART 52 CANON MEDICAL SYSTEM CORP.: GEOGRAPHIC REVENUE 102

CHART 53 CANON MEDICAL SYSTEMS CORP.: SWOT ANALYSIS 103

?

tables

TABLE 1 MEDICAL DEVICES BY CATEGORY 27

TABLE 2 TOP LISTED MEDICAL DEVICES COMPANY 2018 27

TABLE 3 GLOBAL ULTRASOUND DEVICES MARKET BY END-USERS 54

TABLE 4 GLOBAL ULTRASOUND DEVICES REVENUE BY REGIONS FORECAST, 2019-2025 (USD MILLION) 57

TABLE 5 GE HEALTHCARE: PRODUCT OFFERINGS 65

TABLE 6 GE HEALTHCARE: RECENT DEVELOPMENTS 66

TABLE 7 PHILIPS HEALTHCARE: PRODUCT OFFERINGS 74

TABLE 8 PHILIPS HEALTHCARE: RECENT DEVELOPMENTS 75

TABLE 9 SIEMENS HEALTHINEERS INC.: RECENT DEVELOPMENTS 83

TABLE 10 SIEMENS HEALTHINEERS INC.: RECENT DEVELOPMENTS 84

TABLE 11 FUJIFILM HOLDINGS CORP.: OFFERINGS 91

TABLE 12 FUJIFILM HOLDINGS CORP.: RECENT DEVELOPMENTS 91

TABLE 13 CANON MEDICAL SYSTEMS CORP.: OFFERINGS 98

TABLE 14 CANON MEDICAL SYSTEMS CORP.: RECENT DEVELOPMENTS 98

TABLE 15 SNAPSHOT OF HITACHI MEDICAL 103

TABLE 16 HITACHI MEDICAL CORP.: RECENT DEVELOPMENTS 103

TABLE 17 CARESTREAM HEALTH INC.: SNAPSHOT 105

TABLE 18 HOLOGIC INC.: SNAPSHOT 107

GE Healthcare, Philips Healthcare, Siemens Healthcare, Fujifilm Holdings Corp., Canon Medical Systems, Hitachi Medical, Hologic, and Carestream


Related Products in vertical
red-whiteline

RECENT VIEWED REPORTS



Sign up for newsletter

Close
Apply For Job

  • Applicant Name
  • Job Function
  • Total Experience
  • Skills
  • Email ID
  • Notice Period
  • Current CTC & Expected CTC
  • Phone Number
  • Validation
  • captcha  info-icon

    If validation code does not match, please refresh the page.

  • "Your resume has been successfully received. HR will connect you within 14 days in case your resume gets shortlisted."
Close
Download Company Brochure

  • Name
  • Email
  • Company Name
  • Select Country*
  • Phone Number
  • Validation
  •   info-icon

    If validation code does not match, please refresh the page.

Close
Engage With Us

  • Name
  • Designation
  • Email
  • Phone No.
  • Company Name
  • Company URL
  • Select Country*
  • Requirements/ Comments
  • Validation
  • captcha  info-icon

    If validation code does not match, please refresh the page.

  • "Thanks for submitting the form. The concerned team will respond to your query in the next 8-12 hours"
Close

Compare

Expand

person