Ultrasound Devices Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)

Publication ⇒Feb-24 Delivery Time ⇒ 5-7 Business Days Report Code ⇒PBCHC384-10M-OT

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Ultrasound Devices Market – Report Overview

Pacific Business Consulting’s “Ultrasound Devices Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)” report offers a comprehensive understanding of Ultrasound Devices market, encompassing historical and projected market size data, along with market trends, market drivers, market barriers and unmet medical needs in the Ten Major Markets (10MM) of the United States, Germany, Spain, Italy, France, the United Kingdom, Japan, China, Australia, and India.

In 2022, the Ultrasound Devices market exceeded a valuation of over US$ 9.5 Billion, and it is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) exceeding 5% from 2023 to 2030. The market is expected to potentially surpass US$ 12.0 Billion by 2030.

Ultrasound devices, utilizing high-frequency sound waves for non-invasive imaging, have seen significant growth in the global market. The rising geriatric population and increasing prevalence of chronic diseases are key drivers for this growth. These devices find applications in various medical fields, including obstetrics, cardiology, and radiology. The market benefits from technological advancements such as compact devices, hybrid systems, and point-of-care ultrasound equipment, leading to increased adoption in both hospital and ambulatory care settings.

The global ultrasound devices market is expected to witness steady growth, driven by the rising incidence of chronic diseases worldwide. Portable ultrasound scanners and device miniaturization, facilitated by technological improvements, are contributing to their acceptance in emerging markets. While increased application areas offer opportunities for ultrasound original equipment manufacturers (OEMs), challenges include the high cost of advanced devices and stringent regulations impacting new player entry.

The prevalence of chronic diseases globally, such as coronary artery disease, is a major factor driving market growth. The demand for diagnostic procedures for these diseases is on the rise, supporting the ultrasound devices market. Additionally, technological advancements in ultrasound devices, expanding their applications across diverse industries, have played a significant role. The widening scope of ultrasound imaging in diagnostics, image-guided procedures, and treatments showcases the technology’s penetration into overall patient management.

The adoption of 3D and 4D ultrasound imaging technologies is influencing the market, providing better visualization of anatomical structures and real-time motion. These advanced modalities, especially in fetal imaging during pregnancy, offer deeper clinical insights. Product launches and partnerships among market players are shaping the industry, with companies introducing innovative ultrasound products through collaborations and expanding their portfolios.

The integration of artificial intelligence (AI) and robotics into ultrasound devices is another transformative trend. AI and robotics enhance efficiency and functionality, streamlining critical measures in ultrasound exams. For example, the application of AI algorithms on handheld ultrasound devices can significantly improve diagnostic capabilities.

Despite these positive trends, challenges exist, including the high cost of advanced ultrasound devices, stringent regulations for approval, and a shortage of skilled sonographers. The prohibitive cost of high-end ultrasound machines limits accessibility, and regulatory hurdles can impede market growth. Moreover, the shortage of qualified sonographers hampers the full potential of the ultrasound devices market.

In conclusion, the ultrasound devices market is poised for steady growth, fueled by technological advancements, increased prevalence of chronic diseases, and expanding applications. Overcoming challenges related to cost, regulations, and workforce shortages will be crucial for sustained market expansion.

Leading players in the Ultrasound Devices segment, including Hitachi Healthcare Manufacturing Ltd, Samsung Medison Co Ltd, Fujifilm Holdings Corp, Esaote SpA, GE Healthcare Technologies Inc, Siemens Healthineers AG, Philips Healthcare, Canon Medical Systems Corp., are expected to play a crucial role in shaping the future landscape of Ultrasound Devices technologies through ongoing innovation.

Scope of Report

The report addresses critical subjects such as strategic competitor evaluation, market characterization, unmet needs, and the consequences of these elements for the Ultrasound Devices market. It also delves into the analysis of present and prospective market competition within the global Ultrasound Devices market.

Furthermore, the report offers an insightful examination of the primary industry drivers, constraints, and challenges. Each trend undergoes independent research to furnish qualitative analysis regarding its implications.

Reasons to Buy

  • Develop your business strategies by gaining insights into the trends that shape and drive the Ultrasound Devices market across the 10MM (Ten Major Markets).
  • Increase revenue by comprehending key trends, innovative products and technologies, market segments, and companies poised to influence the future of the 10MM Ultrasound Devices market.
  • Craft effective sales and marketing strategies by thoroughly understanding the competitive landscape and analyzing the performance of various competitors.
  • Identify emerging players with potentially robust product portfolios and devise strategic counter-strategies to gain a competitive advantage.
  • Optimize your sales and marketing efforts by pinpointing market categories and segments that offer the greatest opportunities for consolidations, investments, and strategic partnerships.
  1. Executive Summary: Ultrasound Devices
    • Global Market Outlook: Ultrasound Devices
  2. Competitive Intelligence Analysis: Ultrasound Devices
  3. Therapeutic Sector SWOT
  4. Technology Roadmap Analysis: Ultrasound Devices
  5. Market Background
    • Drivers
    • Restraints
    • Opportunity
    • Key Market Trends
    • Key Unmet Needs
  6. Key Marketed Products Profile – Major Approved Products: Ultrasound Devices
    • Product Profile
    • Safety and Efficacy
  7. Regulatory Landscape
  8. Ultrasound Devices: Ten Major Market (10MM) – Market Analysis, By Technology
    • 2D Ultrasound Imaging
    • 3D and 4D Ultrasound Imaging
    • Doppler Ultrasound
    • High-intensity Focused Ultrasound
    • Extracorporeal Shockwave Lithotripsy
  9. Ultrasound Devices: Ten Major Market (10MM) – Market Analysis, By Portability
    • Portable/Compact Devices
    • Trolley/Stationary Devices
  10. Ultrasound Devices: Ten Major Market (10MM) – Market Analysis, By End User
    • Hospitals
    • Diagnostic & Imaging Centers
    • Academic & Research Centers
  11. Ultrasound Devices: Ten Major Market (10MM) – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Technology
      • By Portability
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Technology
      • By Portability
      • By End User
  1. S. Ultrasound Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Technology
      • By Portability
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Technology
      • By Portability
      • By End User
  1. K. Ultrasound Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Technology
      • By Portability
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Technology
      • By Portability
      • By End User
  1. Germany Ultrasound Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Technology
      • By Portability
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Technology
      • By Portability
      • By End User
  1. France Ultrasound Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Technology
      • By Portability
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Technology
      • By Portability
      • By End User
  1. Italy Ultrasound Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Technology
      • By Portability
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Technology
      • By Portability
      • By End User
  1. Spain Ultrasound Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Technology
      • By Portability
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Technology
      • By Portability
      • By End User
  1. Japan Ultrasound Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Technology
      • By Portability
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Technology
      • By Portability
      • By End User
  1. China Ultrasound Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Technology
      • By Portability
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Technology
      • By Portability
      • By End User
  1. Australia Ultrasound Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Technology
      • By Portability
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Technology
      • By Portability
      • By End User
  1. India Ultrasound Devices – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Technology
      • By Portability
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Technology
      • By Portability
      • By End User
  1. Competitive Landscape
    • Company Overview
    • Product Portfolio
    • Key Financials
    • Sales Footprint

Note – All Major Company Profiles (Count up to 20) will be covered in the report

  1. Assumptions and Acronyms Used
  2. Research Methodology
    • Secondary Research
    • Primary Research
    • Data Triangulation
  3. Geographic Scope
    • The U.S., The U.K., Germany, France, Italy, Spain, Japan, China, Australia, and India
  4. Copyrights and Disclaimer

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