Introduction:

Ultrasound is utilized in various fields. Ultrasonic gadgets are utilized to distinguish articles and measure distances. Ultrasound imaging or sonography is regularly utilized in medication. In the nondestructive testing of items and structures, ultrasound is utilized to recognize imperceptible imperfections. Mechanically, ultrasound is utilized for cleaning, blending, and quickening compound cycles. Creatures, for example, bats and porpoises use ultrasound for finding prey and impediments. An ultrasound machine makes images so that organs inside the body can be examined. The machine sends out high-frequency sound waves, which reflect off body structures. A computer receives the waves and uses them to create a picture. Unlike with an x-ray or CT scan, this test does not use ionizing radiation.

The global Ultrasound Devices market size was estimated to be at USD XX million in 2019, and is expected to grow at a CAGR of XX% during forecast period to reach USD XX million in 2027.

Market Dynamics:

Worldwide aging population  is expected to drive the growth of the ultrasound devices market as aged people are more prone to various diseases and are avoided to unnecessary radiation exposure. According to U.S. Census Bureau, among the 7.3 billion people worldwide in 2015, an estimated 8.5 percent, or 617.1 million, are aged 65 and older. The number of older people is projected to increase more than 60 percent in just 15 years in 2030, there will be about 1 billion older people globally, equivalent to 12.0 percent of the total population.  Rising incidences of various disorders such as cardiovascular diseases, respiratory and abdominal disorders would accelerate the growth of the ultrasound devices market.

Global Ultrasound Devices Market

Source: Precise Market Intelligence, 2020

Segmentation:

The market has been segmented based on product type, technology, application, end user and region.

  • By Product Type
    • Cart/Trolley based Ultrasound devices
    • Compact Ultrasound devices
       
  • By Technology
    • 2-D Ultrasound Imaging
    • 3-D and 4-D Ultrasound Imaging
    • Doppler Ultrasound Imaging
    • High Intensity Focused Ultrasound (HIFU)
    • Lithotripsy Ultrasound Imaging
       
  • By Application
    • Radiology/ General Imaging
    • Obstetrics and Gynecology
    • Cardiology
    • Gastroenterology
    • Other Application
       
  • By End User
    • Hospital & Clinics
    • Laboratories & Imaging Centers
    • Others
       
  • By Region
    • North America (U.S., Canada)
    • Europe (U.K., France, Germany, Italy, Spain, and rest of Europe)
    • Asia Pacific (China, Japan, India, and Rest of Asia Pacific)
    • South America (Brazil, Mexico, and Rest of South America)
    • Middle East & Africa (Saudi Arabia, UAE, South Africa, and Rest of Middle East & Africa)

Ultrasound Devices Market, By Region, 2019

Source: Precise Market Intelligence, 2020

Competition Landscape:

The global Ultrasound Devices market is consolidated with few companies dominating the market. The dominance is due to their ability to manufacture the complex products and their geographical reach. The prominent companies in the market are; Analogic Corporation, Siemens Healthineers, Fujifilm Holdings Corporation, GE Healthcare, Hologic, Inc., Toshiba Medical Systems, Hitachi, Ltd., SonaCare Medical, Koninklijke Philips N.V., Samsung Medison Co., Ltd., Esaote SpA, Mindray Medical International Limited

For better understanding of revenue contribution of each technology to the Ultrasound Devices Market, ask an expert analyst