About Diagnostic Ultrasound System
Diagnostic Ultrasound System is an imaging system that helps in diagnosing the diseases with the help of sound waves (Ultrasound). These system helps the doctors to detect injuries in arteries or monitor treatments in veins and arteries of the arms, legs, and neck and many others. With the rising technological advancements in these ultrasound systems Coupled with the increasing prevalence of various diseases like cardiovascular, respiratory, and abdominal disease are flourishing the industry. The main reason, this diagnostic system is boosting its market is due to the growing birth rates in both developed and developing nations.
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 Diagnostic Ultrasound System 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 Diagnostic Ultrasound System 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 Diagnostic Ultrasound System 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.
General Electric (United States), Philips (Netherlands), Siemens (Germany), TOSHIBA (Japan), Hitachi Medical Corporation (Japan), Esaote (Italy), Samsung (South Korea), Sonosite (United States), Mindray (China) and SonoScape (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are SIUI (China), Emperor Electronic Technology (China), CHISON (China) and WELLD (United States).
Segmentation Overview
AMA Research has segmented the market of Global Diagnostic Ultrasound System market by Type (Color Doppler Ultrasound Imaging Systems and Black & White Ultrasound Imaging Systems), Application (Obstetrics & Gynecology, Cardiovascular, Veterinary and Other) and Region.
On the basis of geography, the market of Diagnostic Ultrasound System 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 Type, the sub-segment i.e. 2D will boost the Diagnostic Ultrasound System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Adoption of Technologically Advanced Doppler Ultrasound Systems
Market Growth Drivers:
Increasing Birth Rate in Both Developed and Developing Countries and Increasing Demand for Early Diagnosis and Widening Scope of Clinical Applications
Challenges:
The Dearth of Skilled and Well-Trained Sonographers and Technological Limitations Associated With Standalone Systems
Restraints:
High Cost of Diagnostic Ultrasound Systems and Stringent Regulatory Guidelines for its use may Restrain this Market
Opportunities:
Expanding Applications of Therapeutic Ultrasound and Adoption of Artificial Intelligence and Analytics in Diagnostic Imaging
Market Leaders and their expansionary development strategies
In September 2021, GE has entered into an agreement to acquire BK Medical, a leader in advanced surgical visualization, from Altaris Capital Partners for a cash purchase price of USD1.45 billion.
In February 2019, Philips Launches EPIQ Elite Ultrasound System for General Imaging and OB-GYN. It offers a new premium ultrasound that combines the latest advances in transducer innovation and enhanced performance to improve clinical confidence and patient experience.
Key Target Audience
Diagnostic Ultrasound System Manufactures, Diagnostic Ultrasound System Distributors, Potential Investors, Healthcare Sector and Others
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.