Ultrasound Machines Market Scope
Ultrasound machines are utilized as both diagnostic imaging and therapeutic modality and have a wide range of applications in the medical field. Ultrasound is a technique used to create an image of internal body structures such as tendons, muscles, joints, blood vessels, and internal organs. It aims to find a source of a disease or to exclude pathology. Moreover, the introduction of 4D ultrasound imaging has revolutionized the imaging industry in the last few years and has proven to be efficient in diagnosing cancer and other complex diseases. Additionally, this technology is proving its efficiency in imaging, while performing complex surgeries. Further, the increasing number of diagnostic imaging procedures and rising awareness, usage of ultrasound in procedural applications are driving the Global ultrasound machines market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | General Healthcare Company (United States), Koninklijke Philips N.V. (Netherlands), Hitachi Healthcare Americas (United States), Siemens AG (Germany), Toshiba Corporation (Japan), FUJIFILM SonoSite Inc. (United States), Esaote SpA (Italy), Samsung Medison Co, Ltd. (South Korea), Analogic Corporation (United States), SIUI (China) and Shenzhen Landwind Industry Co., Ltd (China) |
CAGR | % |
The Global Ultrasound Machines market is fragmented with large and big manufacturers. Moreover, the public and private companies are investing in R&D of advanced innovative technologies in the field of ultrasound imaging, as it is becoming one of the fundamental aspects of healthcare. The highly fragmented nature of the ultrasound devices market has prompted the market players to shift focus toward relatively niche segments such as portable ultrasound devices.
General Healthcare Company (United States), Koninklijke Philips N.V. (Netherlands), Hitachi Healthcare Americas (United States), Siemens AG (Germany), Toshiba Corporation (Japan), FUJIFILM SonoSite Inc. (United States), Esaote SpA (Italy), Samsung Medison Co, Ltd. (South Korea), Analogic Corporation (United States), SIUI (China) and Shenzhen Landwind Industry Co., Ltd (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Terason Division Teratech Corporation (United States), Alpinion Medical Systems Co., Ltd.(South Korea), Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China), SonoScape Medical Corporation (China) and Butterfly Network, Inc.(United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Ultrasound Machines market by Type , by Application (Radiology & General imaging, Obstetrics & Gynaecology, Cardiology, Urology and Others) and Region with country level break-up.
On the basis of application, Obstetrics & Gynaecology segment is dominating the market in the year 2022
On the basis of geography, the market of Ultrasound Machines 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).
region held largest market share in the year 2022.
In October 2018, FUJIFILM SonoSite, Inc., specializes in developing cutting-edge, point-of-care ultrasound solutions, announced its entry into the medical informatics space with the launch of a robust point-of-care workflow solution, SonoSite Synchronicity. and A new and exciting venture for the company, SonoSite Synchronicity software is designed specifically for point-of-care ultrasound to streamline and standardize clinical workflow while delivering administrative efficiencies with flexible credentialing tools.
In October 2017, Butterfly Network Inc. announced that it has received FDA clearance for the world’s first Ultrasound-on- a-Chip based imaging system, the Butterfly iQ for iPhone. The clearance covers 13 clinical applications, the broadest ever for a single ultrasound transducer.
Influencing Trend:
The Uptake of Ultraportable Handheld Devices in Emergency Medicine Applications and 3D and 4D Imaging Ultrasound Machines
Market Growth Drivers:
High Demand for Point-Of-Care Ultrasound, Rising Demand for Ultrasound Devices for Diagnosis and Treatment Purpose and Increasing Prevalence of Chronic Disease
Challenges:
Needle Artifacts may Cause Confusion And Error During Ultrasound-Guided Nerve Blocks
Restraints:
High Cost and Maintenance of Ultrasound Machines
Opportunities:
Government and Private Funding For R&D in Ultrasound Imaging and Increasing Number of Healthcare Provider’s
Key Target Audience
Ultrasound Machines Manufacturers, Healthcare Practitioners, Potential firms, Government and Regulatory Bodies, Industry Associations, Marketing Firms and Others