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Ultrasound Devices Market 2019 | Rising Status of Key Players, Industry Size & Share, Growth Factors, New Technologies Revenue Forecast by 2024


The “Ultrasound Devices Market” report 2019 provides information for market players, stakeholders, investors, and business strategists to achieve a leading position the market. It maintains the record of Unusual growth strategies adopted by various companies are creating new standards for competition in the global Ultrasound Devices market. Businesses around the world are aiming at increasing their profit margin and establishing a stronghold in the global market. The impact of prevailing regulatory scenario on both regional and worldwide Ultrasound Devices market is provided in detail in the report.

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Ultrasound Devices Market Covers Key Players:

  • GE Healthcare
  • Hitachi Medical Corporation
  • Mindray Medical International Ltd
  • Philips Healthcare
  • Siemens Healthineers
  • Fujifilm Holdings Corporation
  • Hologic, Inc.
  • Canon Medical Systems Corporation

    Market Overview:

  • The propelling factors for the growth of the ultrasound devices market include the government and private funding for R&D in ultrasound imaging, increasing number of healthcare providers, technological advancements, and increasing incidences of chronic diseases.
  • The incidences and prevalence of chronic diseases are rapidly increasing all around the world. Currently, affecting more than 14 million people around the world, the prevalence of cancer is becoming a major concern for the healthcare sectors across the world. The demand for ultrasound imaging devices is expected to rise, along with the demand for the early detection of disease and minimization of the cost of treating these chronic diseases. This also increases the number of diagnostic imaging procedures. The significant contribution to medical diagnostics and the ease of use have created a huge demand, and therefore, attracted various funding bodies to invest, which is expected to increase in the coming years.
  • The rising technological advancements supported by the adoption of trusted associations are expected to boost market growth. Curtailment in the size of ultrasound devices has given the market a slight boost, if not a significant one. It has given the healthcare facilities a chance to replace old heavy devices with small devices. With the reduction in the size of these devices, the problem of storage is solved, enabling the facilities to operate more efficiently with more number of devices.

    Report Highlights:

    • The report provides a detailed analysis on current and future market trends to identify the investment opportunities
    • Market forecasts till 2024, using estimated market values as the base numbers
    • Key market trends across the business segments, Regions and Countries
    • Key developments and strategies observed in the market
    • Market Dynamics such as Drivers, Restraints, Opportunities and other trends
    • In-depth company profiles of key players and upcoming prominent players
    • Growth prospects among the emerging nations through 2024
    • Ultrasound Devices Market opportunities and recommendations for new investments

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    Scope of the Report:

  • As per the , a diagnostic ultrasound, also known as sonography, is an imaging technique that uses high-frequency sound waves to produce images of the different structures inside the body. They are being utilized for the assessment of various conditions in the kidney, liver, and other abdominal conditions. They are also majorly used in chronic diseases, which include health conditions, such as heart disease, asthma, cancer, and diabetes. Therefore, these devices are being utilized as both diagnostic imaging and therapeutic modality, and have a wide range of applications in the medical field.

    Key Market Trends:

    3D and 4D ultrasound imaging is the segment under technology that expected to grow fastest during the forecast period

    3D and 4D ultrasound imaging take images at various angles, as compared to a single angle by 2D ultrasound. 4D ultrasound has added advantages of visualization and motion. It is widely used for abdominal applications, including the detection of abnormal fetus development, visualization of colon and rectum, detection of cancerous and benign tumours of prostate glands, and breast lesions, along with the flow of blood in various organs or a fetus. These ultrasounds are likely to experience substantial growth in the coming years, with the higher adoption of technologically advanced devices for better clinical decisions. Additionally, this segment is anticipated to gain more share and emerge as the fastest-growing segment during the forecast period. The 3D and 4D ultrasound imaging segment is expected to witness a CAGR of 4.27% over the forecast period.

    The Doppler imaging ultrasound technique is widely adopted, due to its advancements, and is used to estimate the blood flow through blood vessels by high-frequency sound waves.

    Asia-Pacific holds the largest market share of the market and is expected to follow the same trend over the forecast period

    The Asia-Pacific region is expected to witness higher growth, due to the government and private funding for R&D and an increase in the number of healthcare providers. The ultrasound devices market in Asia-Pacific is anticipated to expand, due to the increase in awareness about ultrasound devices for diagnostic and therapeutic applications. Moreover, the expansion of the healthcare sector in countries, such as China, Japan, and India, offers immense potential in this region. The growing ageing population in Japan and China and technological advancements, like portability and 3D ultrasound attached to smart devices, have further fueled the growth of the market.

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    Detailed TOC of Ultrasound Devices Market Report 2019-2024:

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Government and Private Funding for R&D in Ultrasound Imaging
    4.2.2 Increasing Number of Healthcare Providers
    4.2.3 Technological Advancements
    4.2.4 Increasing Incidences of Chronic Diseases
    4.3 Market Restraints
    4.3.1 Strict Regulations
    4.3.2 Lack of Skilled Labor to Handle the Advanced Equipment
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5.1 By Application
    5.1.1 Anesthesiology
    5.1.2 Cardiology
    5.1.3 Gynecology/Obstetrics
    5.1.4 Musculoskeletal
    5.1.5 Radiology
    5.1.6 Emergency Department
    5.1.7 Critical Care
    5.1.8 Other Applications
    5.2 By Technology
    5.2.1 2D Ultrasound Imaging
    5.2.2 3D and 4D Ultrasound Imaging
    5.2.3 Doppler Imaging
    5.2.4 High-intensity Focused Ultrasound
    5.3 By Type
    5.3.1 Stationary Ultrasound
    5.3.2 Portable Ultrasound
    5.4 Geography
    5.4.1 North America United States Canada Mexico
    5.4.2 Europe Germany United Kingdom France Italy Spain Rest of Europe
    5.4.3 Asia-Pacific China Japan India Australia South Korea Rest of Asia-Pacific
    5.4.4 Middle East & Africa GCC South Africa Rest of Middle East & Africa
    5.4.5 South America Brazil Argentina Rest of South America

    6.1 Company Profiles
    6.1.1 Fujifilm Holdings Corporation
    6.1.2 GE Healthcare
    6.1.3 Hitachi Medical Corporation
    6.1.4 Mindray Medical International Ltd
    6.1.5 Koninklijke Philips NV
    6.1.6 Hologic, Inc.
    6.1.7 Siemens Healthineers
    6.1.8 Canon Medical Systems Corporation



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