Ultrasound Devices Market

This report on the global ultrasound devices market studies various technologies, applications, and products used for medical diagnosis in the field of healthcare. Ultrasound devices aid in diagnosing various diseases such as cardiology, obstetrics, gynecology, gastroenterology, and others. Ultrasound is exploring relatively novel applications across several clinical specialties and points of care, from image-guiding interventions to biopsies and non-invasive diagnosis.

The key factors strengthening the technology’s value proposition are high accessibility, safety, cost-effectiveness, and clinical value in preliminary diagnosis. Portability in ultrasound devices is the key factor that is shifting the ultrasound device market and the complete imaging diagnostic market away from stationary imaging devices.

The major factors assisting the growth of the ultrasound devices market are:

• The aging population.
• Rising prevalence of cancer.
• The burden of cardiovascular diseases.
• High public awareness related to lifestyle disease diagnosis.

For the purpose of this study, the global ultrasound devices market has been segmented based on product type, technology, application, and geography. The major categories of ultrasound devices studied by product type in this report include cart/trolley-based and compact ultrasound devices. Based on technology, the ultrasound devices market is segmented into five major segments 2-D ultrasound, 3-D and 4-D ultrasound, Doppler ultrasound, high intensity focused ultrasound, and lithotripsy ultrasound technologies.

The major application areas of ultrasound devices segmented are radiology, cardiology, obstetrics and gynecology, gastroenterology, and others. Market size estimates and forecasts for these segments for the period 2013 to 2022 are provided in terms of USD Mn, along with the respective compounded annual growth rates (CAGRs) for the period 2016 to 2022, considering 2015 as the base year.

The ultrasound devices market has been geographically categorized into major regions such as North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Each geography market is further split to provide market revenue for select countries such as the U.S., Canada, the U.K., Germany, China, Japan, Brazil, and GCC countries. Market size and forecast for these segments from 2013 to 2022 and their CAGRs for the period 2016 to 2022 are provided in this report.

The major key players profiled in the ultrasound devices market are on the basis of various characteristics such as business description, financial health, and budget allocation, product portfolio, and news coverage. The major players profiled in this report include GE Healthcare, FUJIFILM Holdings Corporation, Hitachi Medical Corporation, Samsung Medison Co. Ltd., Koninklijke Philips N.V., Toshiba Medical Systems Corporation, Mindray Medical Corporation, Esaote SpA, and Analogic Corporation.

The major factors assisting the growth of the ultrasound devices market are:

• Constant technological advancements.
• Increasing public-private investments.
• Rising market demand for minimally invasive diagnostic and therapeutic techniques. 

Based on the applications, the ultrasound devices market is segmented into:

• Cardiology
• Obstetrics/Gynecology
• Radiology
• Urology
• Vascular Applications
• Others

Cardiology applications accounted for the major market share in the global ultrasound devices market in 2015. The World Health Organization (WHO) estimates that cardiovascular diseases (CVD) account for 9.4 million deaths globally each year. The number is likely to increase to 23.3 million by 2030. Elderly people are susceptible to various ailments such as abdominal disorders and cardiovascular diseases. Thus, high prevalence of cardiovascular diseases and rising public awareness associated with cardiovascular disease diagnosis are the major factors assisting the growth of the ultrasound devices market during the forecast period 2016 – 2022.

Technological segmentation of ultrasound devices comprises 2-D ultrasound, 3-D and 4-D ultrasound, Doppler ultrasound, high intensity focused ultrasound (HIFU), and lithotripsy ultrasound technologies. In base year 2015, 3-D and 4-D ultrasound segment accounted for the largest market share and is expected to continue to dominate the market during the forecast period 2016 – 2022.

The factors assisting the growth of 3-D and 4-D ultrasound device market are increasing demand for efficient ultrasound technologies, the rising number of hospitals installing advanced imaging technologies,, and the rapid introduction of novel and efficient imaging products. According to market experts, 3D and 4D ultrasound will never be a mandatory evolution of our conventional 2D ultrasound and would rather be considered as an additional tool similar to Doppler ultrasound. In the future, most diagnostics will be carried out with the help of 2D ultrasound. However, 3D ultrasound seems to have great potential in research and in the study of fetal embryology.

Based on the technology used, the ultrasound devices market is segmented into:

• 2-D Ultrasound Imaging
• 3-D and 4-D Ultrasound Imaging
• Doppler Ultrasound Imaging
• High-Intensity Focused Ultrasound (HIFU)
• Lithotripsy Ultrasound Imaging

For the purpose of this study, the global ultrasound devices market is categorized into:

• North America
• Europe
• Asia Pacific
• Latin America (LATAM)
• Middle East and Africa (MEA)

Ultrasound imaging technology has wide utilization in the field of diagnosis, ranges from fetal imaging to cancer detection. One major advantage of ultrasound is that it doesn’t possess any radiation-based harmful effects, boosting the adoption rate of diagnostic imaging techniques. The demand for ultrasound devices is expected to increase in Europe due to the increasing prevalence of kidney stone patients, gastrointestinal diseases and obesity. In the base year 2015, Europe accounted for the largest share of the ultrasound devices market and is expected to project average growth during the forecast period.

The key factors assisting the growth of the ultrasound market in this region are the number of products being commercialized, development in clinical applications of HIFU, rising market penetration of therapeutic ultrasound, and the growing importance of minimally invasive procedures. However, according to market experts, the high cost of ultrasound devices, stringent regulations and legislation, and lack of skilled healthcare professionals to operate devices are expected to hinder the growth of the global ultrasound devices market.

Chapter 1 Preface
1.1 Report Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Market Segmentation
1.3 Research Methodology

Chapter 2 Executive Summary
2.1 Ultrasound Devices Market, by Product Type, 2015 (USD Mn)
2.2 Ultrasound Devices Market Share, by Technology, 2015 & 2022 (Value %)
2.3 Ultrasound Devices Market, By Applications, 2015 & 2022 (USD Mn)
2.4 Ultrasound Devices Market Share, by Geography, 2015 (Value %)

Chapter 3 Global Ultrasound Devices Market: Market Dynamics and Outlook
3.1 Introduction, Facts and Figures
3.1.1 Ultrasound Devices Technologies: Current and Future Trends
3.2 Drivers
3.3 Challenges
3.4 Future Prospects
3.5 Attractive Investment Proposition
3.6 Market Share Analysis: Key Ultrasound Devices Manufacturers, 2015 (%)

Chapter 4 Global Ultrasound Devices Market Analysis, by Product Type
4.1 Preface
4.2 Cart/Trolley based Ultrasound devices
4.3 Compact Ultrasound devices

Chapter 5 Global Ultrasound Devices Market Analysis, by Technology
5.1 Preface
5.2 2-D Ultrasound Imaging
5.3 3-D and 4-D Ultrasound Imaging
5.4 Doppler Ultrasound Imaging
5.5 High Intensity Focused Ultrasound (HIFU)
5.6 Lithotripsy Ultrasound Imaging

Chapter 6 Global Ultrasound Devices Equipment Market, by Application
6.1 Preface
6.2 Cardiology
6.3 Radiology
6.4 Obstetrics and Gynecology
6.5 Gastroenterology
6.6 Others

Chapter 7 Global Ultrasound Devices Market, by Geography
7.1 Preface
7.2 North America
7.2.1 U.S
7.2.2 Canada

7.3 Europe
7.3.1 U.K
7.3.2 Germany
7.3.3 Rest of Europe

7.4 Asia Pacific
7.4.1 China
7.4.2 Japan
7.4.3 Rest of Asia Pacific

7.5 Latin America (LATAM)
7.5.1 Brazil
7.5.2 Mexico
7.5.3 Rest of LATAM
7.6 Middle East and Africa (MEA)

Chapter 8 Future Growth Advocacies

Chapter 9 Company Profiles
9.1 GE Healthcare
9.1.1 Business Description
9.1.2 Financial Health and budget allocation
9.1.3 Product Positions/Portfolio
9.1.4 Key Competitors
9.1.5 News Coverage

9.2 Hitachi Medical Corporation
9.2.1 Business Description
9.2.2 Financial Health and Budget Allocation
9.2.3 Product Positions/Portfolio
9.2.4 Key Competitors
9.2.5 News Coverage

9.3 Esaote S.p.A.
9.3.1 Business Description
9.3.2 Financial Health and Budget Allocation
9.3.3 Product Positions/Portfolio
9.3.4 Key Competitors
9.3.5 News Coverage

9.4 Fujifilm Holdings Corporation
9.4.1 Business Description
9.4.2 Financial Health and budget allocation
9.4.3 Product Positions/Portfolio
9.4.4 Key Competitors
9.4.5 News Coverage

9.5 Analogic Corporation
9.5.1 Business Description
9.5.2 Financial Health and budget allocation
9.5.3 Product Positions/Portfolio
9.5.4 Key Competitors
9.5.5 News Coverage

9.6 Mindray Medical International Limited
9.6.1 Business Description
9.6.2 Financial Health and budget allocation
9.6.3 Product Positions/Portfolio
9.6.4 Key Competitors
9.6.5 News Coverage

9.7 Philips Healthcare
9.7.1 Business Description
9.7.2 Financial Health and budget allocation
9.7.3 Product Positions/Portfolio
9.7.4 Key Competitors
9.7.5 News Coverage

9.8 Samsung Medison Co. Ltd
9.8.1 Business Description
9.8.2 Financial Health and budget allocation
9.8.3 Product Positions/Portfolio
9.8.4 Key Competitors
9.8.5 News Coverage

9.9 Siemens Healthcare
9.9.1 Business Description
9.9.2 Financial Health and budget allocation
9.9.3 Product Positions/Portfolio
9.9.4 Key Competitors
9.9.5 News Coverage

9.10 Toshiba Medical Systems Corporation
9.10.1 Business Description
9.10.2 Financial Health and budget allocation
9.10.3 Product Positions/Portfolio
9.10.4 Key Competitors
9.10.5 News Coverage

9.11 Others
9.11.1 Business Description
9.11.2 Financial Health and budget allocation
9.11.3 Product Positions/Portfolio
9.11.4 Key Competitors
9.11.5 News Coverage

List of Figures

FIG. 1 Ultrasound Devices : Market Segmentation
FIG. 2 Ultrasound Devices Market, by Product Type, 2015 (USD Mn)
FIG. 3 Ultrasound Devices Market Share, by Technology, 2015 & 2022 (Value %)
FIG. 4 Ultrasound Devices Market Share, by Application, 2015 & 2022 (USD Mn)
FIG. 5 Ultrasound Devices Market Share, by Geography, 2015 (Value %)
FIG. 6 Attractive Investment Proposition, Ultrasound Devices Market, 2015
FIG. 7 Key Players Market Share Analysis for Ultrasound Devices, 2015(%)
FIG. 8 Global Cart/Trolley Based Ultrasound Devices Market Revenue, 2013 – 2022 (USD Mn)
FIG. 9 Global Compact Ultrasound Devices Market Revenue, 2013 – 2022 (USD Mn)
FIG. 10 Global 2-D Ultrasound Technology Market Revenue, 2013 – 2022 (USD Mn)
FIG. 11 Global 3-D and 4-D Ultrasound Technology Market Revenue, 2013 – 2022 (USD Mn)
FIG. 12 Global Doppler Ultrasound Technology Market Revenue, 2013 – 2022 (USD Mn)
FIG. 13 Global High Intensity Focused Ultrasound (HIFU) Technology Market Revenue, 2013 –
2022 (USD Mn)
FIG. 14 Global Lithotripsy Ultrasound Technology Market Revenue, 2013 – 2022 (USD Mn)
FIG. 15 Global Cardiology Application in Ultrasound Devices Market Revenue, 2013 – 2022
(USD Mn)
FIG. 16 Global Radiology Application in Ultrasound Devices Market Revenue, 2013 – 2022
(USD Mn)
FIG. 17 Global Obstetrics and Gynecology Application in Ultrasound Devices Market Revenue,
2013 – 2022 (USD Mn)
FIG. 18 Global Gastroenterology Application in Ultrasound Devices Market Revenue, 2013 – 2022
(USD Mn)
FIG. 19 Global Other Applications in Ultrasound Devices Market Revenue, 2013 – 2022 (USD Mn)

List of Tables

TABLE 1 Global Ultrasound Devices Market Revenue, by Product Type, 2013 – 2022 (USD Mn)
TABLE 2 Global Ultrasound Devices Market Revenue, by Technology, 2013 – 2022 (USD Mn)
TABLE 3 Global Ultrasound Devices Market Revenue, by Application, 2013 – 2022 (USD Mn)
TABLE 4 Global Ultrasound Devices Market Revenue, by Geography, 2013 – 2022 (USD Mn)
TABLE 5 North America Ultrasound Devices Market Revenue, by Country, 2013 – 2022 (USD Mn)
TABLE 6 Europe Ultrasound Devices Market Revenue, by Country, 2013 – 2022 (USD Mn)
TABLE 7 Asia – Pacific Ultrasound Devices Market Revenue, by Country, 2013 – 2022 (USD Mn)
TABLE 8 Latin America Ultrasound Devices Market Revenue, by Country, 2013 – 2022 (USD Mn)
TABLE 9 Middle East and Africa Ultrasound Devices Market Revenue, by Region, 2013 – 2022
(USD Mn)