Global Ultrasound Imaging Devices Market – Industry Trends and Forecast to 2030

Ultrasound Imaging Devices Market Analysis and Size

Ultrasound imaging is based on the transmission and reception of sound waves. A transducer, which contains piezoelectric crystals, emits sound waves into the body, and these waves bounce off different tissues and structures. The returning echoes are then captured by the transducer and converted into electrical signals. Urological healthcare procedures are increasing at a high rate all around the globe. Increasing medical procedures associated with kidneys, ureters, bladder, urethra, the prostate gland, and reproductive health have widened the scope of growth for the ultrasound imaging devices. Increasing deployment of advanced technologies in these medical systems will further improve their efficiency in the healthcare processes. 

Data Bridge Market Research analyzes that the interstitial cystitis market which was USD 9.3 billion in 2022, is likely to reach USD 15.4 billion by 2030, and is expected to undergo a CAGR of 6.6% during the forecast period 2023 to 2030. “Coloured ultrasound devices” segment is dominating the market due to rising prevalence of chronic diseases and technological advancements. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Market Definition

Ultrasound imaging devices, commonly known as ultrasound machines or ultrasound scanners, are medical diagnostic instruments used to create images of the inside of the body using high-frequency sound waves. These devices work on the principle of ultrasound, which involves sending sound waves into the body and capturing the echoes that bounce back when they encounter different tissues or structures. Ultrasound imaging devices are non-invasive and do not use ionizing radiation, making them safe for various medical applications.

Ultrasound Imaging Devices Market Dynamics

Drivers

• Increased prevalence of diseases

As the prevalence of certain diseases, such as cancer and cardiovascular conditions, continues to rise, early detection becomes crucial. Ultrasound imaging is a valuable tool for early screening and diagnosis of many diseases. For instance, breast ultrasound is often used to detect breast cancer in its early stages, and vascular ultrasound can identify early signs of cardiovascular disease.

• Rising technological advancements

The field of ultrasound imaging devices has witnessed a remarkable surge in technological advancements in recent years. These innovations have revolutionized medical diagnostics and patient care by enhancing the capabilities and versatility of ultrasound equipment. One notable advancement is the development of high-frequency transducers and advanced image processing techniques, allowing for finer details and higher resolution images. The introduction of 3D and 4D ultrasound imaging has provided healthcare professionals with a more comprehensive view of anatomical structures and dynamic processes, making it particularly valuable in obstetrics and complex surgeries. Additionally, the miniaturization of ultrasound devices has expanded their applications, enabling point-of-care diagnostics and enhancing accessibility in remote or resource-constrained settings.

Opportunities

• Rising geriatric population

The rising geriatric population is presenting both challenges and opportunities for the field of ultrasound imaging devices. As the global demographic landscape shifts towards an aging population, the demand for medical services and diagnostic tools, including ultrasound, is increasing. Ultrasound imaging is particularly valuable for elderly patients as it is non-invasive, lacks ionizing radiation, and is well-tolerated by individuals with various comorbidities. However, the specific healthcare needs of the elderly, such as age-related conditions and chronic diseases, require tailored approaches. Advanced ultrasound technologies are adapting to address these unique demands.

• Increasing healthcare facilities

The proliferation of healthcare facilities equipped with ultrasound imaging devices is a testament to the increasing importance of this versatile diagnostic tool in modern healthcare. Across the globe, hospitals, clinics, and medical centers are recognizing the value of ultrasound technology in patient care, and this trend is continually growing. The introduction of more compact and portable ultrasound devices has further facilitated the widespread adoption of this technology. These devices are being deployed in remote and underserved areas, enabling timely diagnosis and improving healthcare access for populations with limited resources.

Restrains

• Strict regulations and guidelines

Regulations governing ultrasound imaging devices are essential to ensure patient safety, maintain diagnostic accuracy, and uphold quality standards in healthcare. These regulations are typically overseen by government agencies, such as the Food and Drug Administration (FDA) in the United States and their counterparts in other countries. The regulatory framework for ultrasound imaging devices encompasses several key aspects. Firstly, it involves the approval and clearance of these devices for market distribution. Manufacturers must adhere to rigorous testing, clinical trials, and quality control procedures to obtain regulatory approval. This process aims to verify the safety, effectiveness, and performance of the devices before they reach healthcare facilities.

• High maintenance of devices

The high maintenance requirements of ultrasound imaging devices are a critical consideration in the healthcare industry. These devices, which are essential for diagnostic and monitoring purposes, must operate with precision and reliability to ensure accurate patient evaluations. Maintenance is crucial to address wear and tear, prevent malfunctions, and extend the lifespan of these costly and intricate machines.

Challenges

• Lack of skilled professionals

The shortage of skilled professionals for operating and interpreting ultrasound imaging devices is a growing concern in the healthcare industry. Ultrasound technology is a critical diagnostic tool widely used in various medical specialties, such as radiology, obstetrics, cardiology, and vascular medicine. However, the increasing demand for ultrasound services has outpaced the availability of well-trained personnel to operate these devices effectively.

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 global 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.

Global Ultrasound Imaging Devices Market Scope

The ultrasound imaging devices market is segmented on the basis of array format, device display, device portability, technology, 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

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

Ultrasound Imaging Devices Market Regional Analysis/Insights

The ultrasound imaging devices market is analysed and market size insights and trends are provided by country, array format, device display, device portability, technology, application, end user and distribution channel as referenced above.

The countries covered in the ultrasound imaging devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and rest of South America as part of South America.

North America is expected to dominate the market due to the strong base of healthcare facilities, widespread utilization of medications, increase in the expenses in the health care, rapid increase in the prevalence of kidney stones, high adoption of ultrasound imaging devices across well-equipped healthcare facilities and rising number of research activities in this region.   

Asia-Pacific is expected to witness significant growth during the forecast period due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, availability of massive untapped markets, large population pool, and the growing demand for quality healthcare in the region.

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.

Competitive Landscape and ultrasound imaging devices market Share Analysis

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.

Some of the major players operating in the ultrasound imaging devices market are:

• General Electric (U.S.)
• Koninklijke Philips N.V. (Netherlands)
• Canon Medical Systems Corporation (Japan)
• Hitachi, Ltd. (Japan)
• Siemens Healthineers AG (Germany)
• Hologic, Inc. (U.S.)
• FUJIFILM Holdings Corporation (Japan)
• Samsung Electronics Co., Ltd. (South Korea)
• Mindray Medical International Limited (China)
• Analogic Corporation (U.S.)
• Esaote S.p.A (Italy)
• Carestream Health (U.S.)
• CURA Healthcare (India)
• Chison Medical Technologies Co., Ltd. (China)
• Mobisante, Inc. (U.S.)
• Neusoft Corporation (China)
• Clarius Mobile Health (Canada)
• Medgyn Products, Inc. (U.S.)
• United Imaging Healthcare Co., Ltd. (China)

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