Ultrasound also known as diagnostic sonography,
ultrasonography or sonogram is a kind of imaging technique/procedure that makes
use of high-frequency sound waves for scanning and creating an image of body
part (organs and structures inside the body). Compared to other imaging
technologies like computed tomography (CT), MRI and others, ultrasound imaging
provides real-time imaging of anatomical structures but cannot be used for
functional imaging for a long time. Due to its less cost, best imaging quality,
workflow efficiency, reliability, no requirement of same computing power, fast
frame rates or specialized transducers now-a-days ultrasound scans are most
popularly used diagnostic imaging technique.
From the past decade there is a progressive refinement in
ultrasound technologies from trolley/cart based equipment to modern handheld
miniaturized, wireless and mobile machines with high portability and advanced
computational power. Over the years, the speed, efficacy, cost-effectiveness
and non-invasive nature of ultrasound imaging diagnostic capabilities have
spread its usage across all clinical applications, from obstetrics and
gynecology, orthopedics and cardiology to emergency medicine, prostate cancer,
breast cancer detection and so on.
Improvement in transducer technology with higher resolution
probes, proper configuration for specific anatomic applications, improvement in
digital processing and display of the signal, decrease in size of the
ultrasound unit to a size of laptop with all new units capable of even
transesophageal imaging as well as interface and storage enhancements necessary
for storage and documentation/billing are pushing ultrasound imaging towards
the mainstream of anesthetic, pain and
critical care practice.
The global ultrasound medical devices market is poised to
grow at a mid range single digit CAGR to reach $10,106 million by 2023.
Ultrasound medical devices market is mainly classified into technology,
display, portability, application and end-users.
The global ultrasound medical devices market by technology
is divided into diagnostic ultrasound and therapeutic ultrasound. The
diagnostic ultrasound is further classified into 2D ultrasound, 3D & 4D
ultrasound and Doppler ultrasound. The therapeutic ultrasound segment includes
High Intensity Focus Ultrasound (HIFU) and Extracorporeal shockwave lithotripsy
(ESWL) ultrasound devices.
The global ultrasound medical devices market by display is
classified into black and white and color display modes of ultrasound image.
While the global ultrasound medical devices market by portability includes
trolley/cart based and compact/ handheld ultrasound devices .
The global ultrasound medical devices market by application
is segmented into cardiology, radiology/general imaging, women’s health, point
of care, urology, orthopedic, cancer, neurology and others. Within application
market the radiology application is sub-segmented into abdominal,
musculoskeletal, small parts and neonatal. Based on Women’s health the
application market is divided into obstetrics & gynecology, breast care,
reproductive medicine procedures and uterine fibroids.
The end-users of ultrasound medical devices market are
hospitals, private diagnostic laboratories, academic research laboratories and
ambulatory surgical centres.
Among the ultrasound technology market, the diagnostic
ultrasound segment dominated the market by occupying a largest share and
therapeutic ultrasound market is the fastest growing segment from 2016 to 2023.
In display, color ultrasound devices segment holds the largest share and
fastest growing segment from 2016 to 2023. Likewise, under portability section
trolley/cart based ultrasound devices segment holds the largest share and
compact/handheld ultrasound devices is the fastest growing segment with a CAGR
of 8.1% from 2016 to 2023. Based on ultrasound application, the
radiology/general imaging market dominated the market by occupying a largest
share and cancer application market is the fastest growing segment from 2016 to
2023.
By end-users, hospital is the largest segment and the
fastest segment with a CAGR of 6.2% from 2016 to 2023. Geographical wise,
Europe is the largest market followed by North America, Asia and Rest of the
World. The Asia region is the fastest growing region with a CAGR of 6.5% from
2016 to 2023 suggesting an array of opportunities for growth and likely to be
getting into the eyes of new investors in the ultrasound medical devices
market. Growth in the Asian market is attributed to rising prevalence of
lifestyle diseases and government initiatives in establishing innovative
technologies and demand for sophisticated medical services.
The Ultrasound medical devices global market is expected to
grow mid range single digit CAGR during 2016 to 2023. The factors driving the
growth of this market are rising population for chronic and lifestyle
disorders, increasing public-private investments, funds, and grants and
increasing adoption of ultrasound imaging in the field of cardiology, oncology
and emergency medicine. While technological shift from conventional to point of
care (PoC) ultrasound diagnosis, increasing adaptation of ultrasound devices in
hospitals and diagnostic centres and growing penetration of ultrasound device
manufacturers in emerging nations are some of the opportunities that are
propelling the growth of the market.
However lack of skilled sonographers, stringent regulations and
legislations, high cost of medical imaging are hampering the growth of the
market.
The Ultrasound Medical Devices Global market is a highly
consolidated market and all the existing players in this market are involved in
developing new and advanced products to maintain their market shares. Some of
the key players of the ultrasound medical devices market are Analogic
Corporation (U.S.), Esaote S.P.A (Italy), Fujifilm Holdings Corporation
(Japan), General Electric Company (U.S.), Hitachi Ltd. (Japan), Koninklijke
Philips N.V. (Netherlands), Mindray Medical International Ltd. (China), Samsung
Electronics Co. Ltd. (South Korea), Siemens AG (Germany) and Toshiba
Corporation (Japan).
The report provides an in depth market analysis of the above
mentioned segments across the following regions:
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
Spanning over 475 pages, 124 Tables and 86
Figures “Ultrasound
Medical Devices Global Market - Forecast to 2023” report covers Executive
Summary, Introduction, Market Analysis, Global Ultrsound Medical Devices
Market, By Technology, Global Ultrasound Medical Devices Market, By Display,
Global Ultrsound Medical Devices Market, By Portability, Global Ultrasound
Medical Devices Market, By Applications, Global Ultrsound Medical Devices
Market, By End-Users, Regional Analysis, Competitive Landscape, Major
Companies. This Report Covered 128 Companies Few Are - Analogic Corporation,
Esaote S.P.A, Fujifilm Holdings Corporation, Ge Healthcare, Hitachi Medical
Corporation, Koninklijke Philips N.V., Mindray Medical International Limited,
Samsung Electronics Co. Ltd., Siemens Ag, Toshiba Medical Systems Corporation,
Advanced Imaging Technologies Inc, Aishen Medical Technologies, Alma Lasers, Inc,
Alpinion Medical Systems, Ambu, Amolab, Analogic Corporation, Atys Medical.
