Asia-Pacific Ultrasound Imaging Devices Market Segmentation, By Array Format (Phased Array, Linear Array, Curved Linear Array, Others), Device Display (Color Ultrasound Devices, Black and White (B/W) Ultrasound Devices), Device Portability (Trolley/Cart-Based Ultrasound Devices, Compact/Handheld Ultrasound Devices, Stationary Ultrasound Devices, Point-of-Care Ultrasound Devices), Technology (Diagnostic Ultrasound, Therapeutic Ultrasound), Application (Radiology/General Imaging, Obstetrics and Gynecology, Cardiovascular, Gastroenterology, Vascular, Urological, Orthopedic and Musculoskeletal, Pain Management, Emergency Department, Critical Care, Others), End-User (Hospitals, Surgical Centers, Research and Academia, Maternity Centers, Ambulatory Care Centers, Diagnostic Centers, Others), Distribution Channel (Direct Tender, Third Party Distributors, Retail Sales) – Industry Trends and Forecast to 2031.
Ultrasound Imaging Devices Market Analysis
Urological treatment procedures are becoming increasingly popular all around the world. The growing number of medical operations involving the kidneys, ureters, bladder, urethra, prostate gland, and reproductive health have broadened the field of expansion for ultrasound imaging devices. Increasing implementation of new technology in these medical systems would boost their efficiency in healthcare processes even further.
Asia-Pacific Ultrasound Imaging Devices Market Size
Asia-Pacific ultrasound imaging devices market size was valued at USD 1.36 billion in 2023 and is projected to reach USD 2.53 billion by 2031, with a CAGR of 1.5% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
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Attributes
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Ultrasound Imaging Devices Key Market Insights
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Segmentation
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Countries Covered
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China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
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Key Market Players
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Koninklijke Philips N.V. (Netherlands), CANON MEDICAL SYSTEMS CORPORATION (Japan), Hitachi, Ltd. (Japan), Siemens (Germany), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), ALPINION MEDICAL SYSTEMS Co., Ltd (U.S.), CHISON Medical Technologies Co., Ltd. (U.S.), EDAN Instruments, Inc. (China), ESAOTE SPA (Italy), FUJIFILM Corporation (Japan), FUKUDA DENSHI (Japan), Hologic, Inc. (U.S.), SAMSUNG HEALTHCARE (U.S.), Analogic Corporation (U.S.), General Electric (U.S.), TOSHIBA CORPORATION (Japan), Trivitron Healthcare (India)
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Market Opportunities
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Ultrasound Imaging Devices Market Definition
Ultrasound imaging devices are devices that use high-frequency sound waves to produce images inside of the body. The ultrasound system uses ultrasonic imaging technology. Ultrasound equipment can generate real-time images of biological components that demonstrate how the body moves. A transducer and an ultrasonic detector, or probe, make up an ultrasound system. This minimally invasive diagnostic technology does not use ionizing radiation to diagnose or treat body illnesses.
Ultrasound Imaging Devices Market Dynamics
Drivers
- Rising prevalence of diseases
The increasing frequency of acute and chronic diseases and disorders around the world as a result of a variety of reasons is one of the key factors driving the market's rise. For example, the increasing prevalence of cancer tumours, gallstones, fatty liver disease, and other disorders has a direct and positive impact on market growth. In 2015, USD 415 million individuals worldwide have diabetes; by 2040, that number will rise to 642 million.
- Research and development proficiencies
Rising research and development expenditures, particularly in developed and developing nations, in the field of medical equipment and devices, will provide even more profitable market growth prospects. The market growth rate is further bolstered by research and development capabilities relevant to developments in medical imaging technologies.
- Growing investment for healthcare facilities
Another major element driving market expansion is a renewed focus on improving the state of healthcare facilities and the overall healthcare infrastructure. The growing number of public-private partnerships and strategic cooperation on funding and deployment of new and enhanced technologies is providing even more profitable market prospects. Furthermore, increased government measures to raise awareness about the necessity of early diagnosis are boosting the market's growth rate once again.
- Demand for ultrasound imaging devices
With rising demand for minimally invasive diagnostic and therapeutic uses of ultrasound imaging devices, as well as the launch of more technologically advanced ultrasound equipment, ultrasound imaging device demand has increased compared to the previous year. Furthermore, government measures to raise awareness about the need of early diagnosis have increased demand for ultrasonic imaging instruments.
Opportunities
Chronic disease incidence is predicted to rise, resulting in an increase in the number of patients who will require enhanced diagnostic and therapeutic options. Emerging markets would be the most affected, as population growth in developing countries, particularly India and China, is expected to be large, increasing healthcare expenditure in these countries. Advances in disease identification and diagnosis will also help keep the expense of treating chronic illnesses in check. According to the World Health Organization, chronic illness prevalence is anticipated globally to increase by 57% by 2020, with obesity rates and incidences of diseases such as diabetes on the rise, driving need for ultrasound devices to identify patients. The use of ultrasound technologies to diagnose patients earlier helps to reduce total healthcare costs. The use of ultrasound devices is predicted to increase as the number of patients with chronic conditions rises, fueling the market's expansion.
Restraints/Challenges
On the other hand, market expansion is likely to be hampered by high costs associated with research and development capabilities, inadequate infrastructure facilities, uneven distribution of medical services, and a lack of awareness in backward nations. In addition, in the forecast period of 2024-2031, the market is expected to be challenged by a lack of favourable reimbursement scenario and technology penetration in developing economies, a decline in healthcare expenses in advanced countries, rising patent expiry, government pricing pressure, high cost of ultrasound devices, and a lack of suitable infrastructure in low- and middle-income countries.
The expansion of the Ultrasound system devices and equipment market is being hampered by stringent clearances and regulations by government entities such as the US Food and Drug Administration (FDA). Aside from the standard registration process, manufacturers must comply with a number of rules, including device quality control, labelling, premarket approval, device investigation, and reporting.
This ultrasound imaging devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ultrasound imaging devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Ultrasound Imaging Devices Market
The market response to COVID-19 has been minimal. The decrease in the rate of medical device manufacture has had a negative impact on revenue. The demand for ultrasound equipment fell as the use of imaging systems fell due to a decline in the requirement for emergency treatment. On the other hand, the post-pandemic period is projected to put the market back on track. COVID-19 is a fluid disease that can damage a variety of tissues and organs as it develops. As a result, the impact of the disease at all stages and organs necessitates a functional and versatile imaging technology capable of dynamically detecting particularities or abnormalities. Ultrasonography meets all of these criteria and has various advantages over other imaging modalities, such as portability, affordability, and biosafety. Throughout the COVID-19 epidemic, ultrasonography performed a critical role in triage, monitoring, detecting organ damage, and allowing patients to make tailored therapy decisions. This review focuses on the primary pathogenic outcomes associated with COVID-19-induced ultrasonography alterations in the lungs, heart, and liver.
Ultrasound Imaging Devices Market Scope
The ultrasound imaging devices market is segmented on the basis of product, device display, device portability, application, end-user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Array Format
- Phased Array
- Linear Array
- Curved Linear Array
- Others
Technology
- Diagnostic Ultrasound Systems
- 2D Imaging Systems
- 3D & 4D Imaging Systems
- Doppler Imaging
- Therapeutic Ultrasound Systems
- High-Intensity Focused Ultrasound (HIFU)
- Extracorporeal Shockwave Lithotripsy (ESWL)
Device Display
- Colour Ultrasound Devices
- Black & White (B/W) Ultrasound Devices
Device Portability
- Trolley/Cart-Based Ultrasound Devices
- Compact/Handheld Ultrasound Devices
Application
- Radiology/General Imaging
- Cardiology
- Obstetrics/Gynecology
- Vascular
- Urology
- Others
End-user
- Hospitals
- Surgical Centers
- Research and Academia
- Maternity Centers
- Ambulatory Care Centers
- Diagnostic Centers
- Others
Distribution channel
- Direct Tender
- Third Party Distributors
- Retail Sales
Ultrasound Imaging Devices Market Regional Analysis
The ultrasound imaging devices market is analysed and market size insights and trends are provided by country, product, device display, device portability, application, end-user and distribution channel as referenced above.
The countries covered in the ultrasound imaging devices market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, and Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
China dominates the Asia-Pacific ultrasound imaging devices market because of its big population and high number of hospitals and diagnostic facilities. Furthermore, a considerable share of imports and domestic manufacturing contribute to the country's high ranking.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The ultrasound imaging devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for ultrasound imaging devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the ultrasound imaging devices market. The data is available for historic period 2010-2020.
Ultrasound Imaging Devices Market Share
The ultrasound imaging devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ultrasound imaging devices market.
Ultrasound Imaging Devices Market Leaders Operating in the Market Are
- Koninklijke Philips N.V. (Netherlands)
- CANON MEDICAL SYSTEMS CORPORATION (Japan)
- Hitachi, Ltd. (Japan)
- Siemens (Germany)
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
- ALPINION MEDICAL SYSTEMS Co., Ltd (U.S.)
- CHISON Medical Technologies Co., Ltd. (U.S.)
- EDAN Instruments, Inc. (China)
- ESAOTE SPA (Italy)
- FUJIFILM Corporation (Japan)
- FUKUDA DENSHI (Japan)
- Hologic, Inc. (U.S.)
- SAMSUNG HEALTHCARE (U.S.)
- Analogic Corporation (U.S.)
- General Electric (U.S.)
- TOSHIBA CORPORATION (Japan)
- Trivitron Healthcare (India)
Latest Development in Ultrasound Imaging Devices Market
- Hitachi, Ltd. began international sales of the ARIETTA 750, a new model from the ARIETTA diagnostic ultrasound platform series, in March 2020. Hitachi, Ltd. enhanced its product portfolio and market demand with this new launch, resulting in increased revenue in the future.
- In February 2022, Butterfly Network, Inc. and Ambra Health announced a collaboration to speed and simplify bedside imaging data exchange. This partnership will improve access to and shareability of valuable ultrasound information across hospitals and health systems, enhancing the scalability of Butterfly Blueprint, Butterfly's enterprise platform.
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