About Medical Ultrasound Devices
Medical Ultrasound Devices used in Diagnostic Ultrasound. It is an imaging method uses high-frequency sound waves to produce images of structures within your body. This market has a strong opportunity in emerging countries, due to increasing investment in hospitals and research laboratories.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the Medical Ultrasound Devices market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Medical Ultrasound Devices Market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Medical Ultrasound Devices market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Analogic Corporation (United States), Esaote Spa (Italy), Fujifilm Corporation (Japan), General Electric Company (United States), Hitachi, Ltd (Japan), Koninklijke Philips N.V. (Netherlands), Mindray Medical International Limited (China), Samsung Medison Co. Ltd. (South Korea), Siemens Healthcare (Germany) and Toshiba Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Drager (Germany), Universe Surgical Equipment Co. (India) and OCS Medical System (India).
Segmentation Overview
AMA Research has segmented the market of Global Medical Ultrasound Devices market by Type (Diagnostic Ultrasound Equipment, Sonography Machine, Ultrasound Scanner and Others), Application (LOGIQ General Imaging, Voluson Women’s Health, Vivid Cardiovascular, ABUS Breast Imaging, Point of Care Ultrasound, Vscan Family, High-Level Disinfection of Ultrasound Probes and Urology) and Region.
On the basis of geography, the market of Medical Ultrasound Devices has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. 2D Ultrasound will boost the Medical Ultrasound Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Business, the sub-segment i.e. Manufacturer will boost the Medical Ultrasound Devices market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of Artificial Intelligence into Ultrasound, Advancements in 3-D Ultrasound and New Ultrasound Visualization Methods
Market Growth Drivers:
Growing awareness of diagnostics, An increasing number of diagnostic laboratories across the globe, especially in developing nations. and Growing healthcare expenditure boost the demand for medical ultrasound devices in healthcare facilities for advance diagnosis of patients
Challenges:
Growing end user preference for refurbished equipment.
Restraints:
Lack of skilled professionals and trained operators in developing countries., Stringent government regulations on the manufacturing of medical equipment in various countries are posing a major challenge for market players to increase the supply of medical ultrasound devices in the market. and Cutting down of reimbursement cost
Market Leaders and their expansionary development strategies
In February 2023, GE HealthCare, a leading global precision care innovator, announced that it has signed an agreement to acquire Caption Health, Inc., a privately owned artificial intelligence (AI) healthcare leader that creates clinical applications to aid in early disease detection, using AI to assist in conducting ultrasound scans. With Caption AI applications, ultrasound examinations can be easier and faster, enabling a broader set of healthcare professionals to conduct basic echocardiogram exams. This technology can help detect signs of diseases like heart failure in at-risk patients across doctors’ offices, the home, and alternate sites of care, potentially preventing hospitalizations and supporting improved clinical outcomes.
In February 2024, Fujifilm launched advanced endoscopic ultrasound machine ALOKA ARIETTA 850 in India. Fujifilm India, a pioneer in diagnostic imaging and information systems, has launched the ground breaking ALOKA ARIETTA 850 Diagnostic Ultrasound System in India with its first-ever installation at Fortis Hospital in Bengaluru.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Medical Ultrasound Devices Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.