#Ultrasound Market

[healthcaremarketanalysis]

Ultrasound Market Size, Share, Trends and Revenue Forecast [2028]

The global ultrasound market in terms of revenue was estimated to be worth $8.5 billion in 2023 and is poised to reach $11.6 billion by 2028, growing at a CAGR of 6.3% from 2023 to 2028. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. The increasing patient population, rising prevalence of chronic diseases, and rising focus on non-invasive procedures are expected to drive the market during the forecast period. Ultrasound Market

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Ultrasound Market Dynamics:

Drivers:

Increasing incidence of target diseases and subsequent rise in surgical procedures

Growing patient preference for minimally invasive surgeries

Rising technological advancements in ultrasound devices

Growing public-private investments for product commercialization

Increasing establishment of hospitals and diagnostic centers

Restraints:

Unfavorable reimbursements

High operating costs

Opportunities:

Growing applications of therapeutic ultrasound

High growth potential of emerging markets

Development of POC ultrasound systems

Challenges:

Growing end-user preference for refurbished equipment

Shortage of skilled sonographers

 Technology segment to register significant growth rate over the forecast period of 2023-2028

Based on technology, the global ultrasound imaging market is segmented into diagnostic and therapeutic ultrasound. The therapeutic ultrasound segment is anticipated to register the second highest growth rate over the forecast period. The diagnostic ultrasound segment accounted for the highest share of the ultrasound market in 2022.

Portability segment to register significant growth rate over the forecast period of 2023-2028

Based on the portability, the ultrasound market is segmented into trolly/cart-based ultrasound, compact/handheld ultrasound systems, and POC ultrasound systems. The trolly/cart-based ultrasound segment is anticipated to register the highest growth rate over the forecast period. The compact/handheld ultrasound systems segment accounted for the highest share of the ultrasound market in 2022.

Component segment accounted for the largest share of the ultrasound market, by application in 2022.

Based on component, the global the ultrasound market is segmented into transducers/probes, workstations, other components. Transducer/probes segment accounted for the largest share of the market in 2022 and is expected to grow at the highest CAGR during the forecast period.

Factors such as the rising incidence of cancer cases, the growing geriatric population, and the launch of integrated modalities drive the growth of ultrasound products.

The hospital and clinics segment accounted for the largest share of the ultrasound market, by end user, in 2022

Based on end user, the ultrasound market is segmented into hospitals, surgical centres, diagnostic centres,  maternity centres, ambulatory centres, research and academia and other end users. The hospitals, surgical centres, diagnostic centres segment accounts for the largest share of the market in 2022. Factors attributing to the share of this particular are increasing cancer incidences and increasing number of dermatological surgeries performed in hospitals and clinics are driving the growth of this segment.

By region, North America is expected to be the largest region in the ultrasound industry during the forecast period

North America, comprising the US and Canada, accounted for the largest market share in 2022. The large share of ultrasound market can primarily be attributed to the high healthcare spending, rising geriatric population, the rising prevalence of target diseases, growing number of cosmetic surgeries, and rapid adoption of technologically advanced imaging systems.

Prominent players in the ultrasound market include:

GE healthcare (US)

Koninklijke Philips N.V. (Netherlands)

Canon Medical Systems Corporation (Japan)

Siemens AG (Germany)

Fujifilm Corporation (Japan)

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Recent Developments of Ultrasound Industry

In February 2023, GE HealthCare has acquired Caption Health, thereby expanding the capabilities of ultrasound technology to assist new users through FDA-cleared, AI-powered image guidance. By leveraging Caption AI applications, ultrasound examinations can be streamlined, accelerating the process and empowering a wider range of healthcare professionals to perform fundamental echocardiogram exams.

In November 2022, Canon Inc. revealed its plans to form a new subsidiary called Canon Healthcare USA, Inc. With this strategic move, Canon intends to enhance its position within the influential American medical market and expedite the expansion of its medical business.

In April 2022, The enhanced partnership between GE HealthCare and Sinopharm focuses on the development and commercialization of medical equipment designed to meet the specific healthcare requirements of China.

Conclusion 

The ultrasound market is poised for significant growth, driven by advancements in technology, increasing demand for non-invasive diagnostic procedures, and expanding applications in various medical fields. Innovations such as portable and handheld ultrasound devices, enhanced imaging capabilities, and integration with AI are making ultrasound more accessible and efficient. As healthcare providers continue to seek cost-effective and reliable diagnostic tools, the ultrasound market is expected to see sustained expansion. Additionally, the growing awareness and adoption of preventive healthcare practices further bolster the market’s potential. Overall, the future of the ultrasound market looks promising, with continuous improvements and wider adoption anticipated in the coming years.

[silverspleen]

@your-royal-highness-of-trash

Pulled out into TWO new posts b/c I cannot be subjecting my friends to one longpost but rather many smaller posts with the majestic read more tool. I hope this is cool.

(Context. My reply to This.)

THE FUN HALF lets ramble about character stuff yes pleaaaase they really did nail the characterization they did do that I hate how good of a job they did.

First it is so funny that you already know Bad Suns! I was literally introduced to them this summer by one of my D&D buddies on one of our driving days where we just hang out in the car listening to music loudly with the windows down and I was just, blown away by their sound. And then like a week later went. "Wait.... This is a blorbo song. This is an Alex pov Faralex song. This is him being filled with emotions oh my god"

Glad you are also just "eh" on Ghoap. Like. I've read some great Ghoap fics but like. Perhaps it's the hipster in me. I get the dynamic allure, I get the chemistry, I get that it's hot but I am just not insane for them like the majority of the fandom. Because I already have Faralex. And og Ghost Roach but WHATEVER.

I have posted about the Alex disability thing before already so I 100% hard agree. When I actually looked up the timeline for a prosthetic, just like, as a cursory google for the most vague of fic writing stuff, I was immediately like. OH THEY DID NO RESEARCH HUH. He would have still been in PT by the time they brought him into Warzone he would not be ready for it, but like. Yeah he's so? He's nice? He's a nice man and very friendly but he's also not a good man (we forget that these are not the same) and also sort of hyper focused on Farah and sometimes I think that it's easy to backseat his angst when Farah's right there for him to sort of focus on instead of his problems? He was a marine and a CIA agent and I'm sure he has some like very intense ingrained stuff about technically being actually genuinely disabled with likely chronic pain now and it probably isn't great! I love a healthy dynamic but I will not lie and pretend I'm not into a little bit into how his thing for her can 100% be a little unhealthy. I like a little smidge of the spice with that devotion dynamic. As you said, being mentally ill together. I like that she is in a position where she needs someone who is like, a little obsessed with her in a way that's Not Normal, and he is in a position where being Not Normal about someone probably gets him through some rough days but also watch out! Don't let that consume you!

I feel like he probably gets the prosthetic from Price (and Laswell later), but like. Surely it gets broken because, as you said, he is running around in the desert for hours at a time on combat missions. Farah gets her little care package of goods from Price and Alex just gets leg parts it's constantly leg parts every shipment there's a leg part in there you can tell he's been somewhere because we just have ruined liners everywhere and you can tell when stuff is really bad because there's just. A leg. Abandoned in some building somewhere and smashed half to shit.

Out of Alex I want 1) more disability stuff because yes. Like he has to use crutches a lot, right? Surely he does. How easy is it to shoot a gun in crutches I have to know! I want like "ah ha we have attacked the ULF off guard surely now we will be at an advanta-" *thudding sound of angry CIA deserter in crutches with a gun and still very capable of being dangerous* 2) We are so cagey about the whole "he is now a terrorist" CIA deserter thing. Does he have family at home? He died so like. Did his mom or dad get a flag? Do you get a flag when you desert? Surely they knew he was into some Incredibly Black Ops stuff so like when he vanishes off the face of the earth it was normal up until they get a letter like "lol sorry he's dead." (But he's not dead, you'll just never see the top secret blurry photos of him in the desert doing a terrorism, which was not all that different than what he was doing before he just enjoys it more now.) How many skeletons are in that closet boooy.

You should totally make a bookmark collection!! I know I value the heck out of people who do fic reviews and collections and stuff. Nothing like seeing that someone else is really enjoying a ship dynamic and collecting stuff that's their taste.

"Different Relationship" yes they are in love your honor. He would never intentionally mispronounce his beloved wife's name, he's just a stupid American and gets it 50% correct but he tries. I have never seen this video. Thank you so much for linking it.

-

Ugh thinking in my brain again about like, do you think he would have ever brought Farah to PT? Like he's going to PT for his leg under some assumed name somewhere and has told the therapists some sort of half truth sob story about his life that is 80% CIA lies and 20% actual dynamics from his life so they are aware of Farah in a "I need to get better because there is someone in my life I need to get back to" way. And then he slowly phases out as he recovers and later he actually brings The Someone to one of his checkup appointments and it's this tiny middle eastern woman that he has really intense energy with where they are clearly having entire conversations just by staring at each other. Between his military tattoos and how she gets this edge to her every time there's a weird noise outside it's slowly becoming obvious that they are both military somehow but everything goes well until there's a global news update about Urzikstan and they both get really weird and quiet until Alex is like "hey lets change the channel now :)" and Farah says something in Arabic and he replies and they have some sort of laugh about it and it's like, uh oh these people! These people are somehow connected to global events in some nebulous way that you're not sure you should be thinking about!

Anyway shout out to the government guy who brought his concealed carry into the clinic! I don't think that was necessary! I looked it up and it was probably legal since we didn't have a sign at that point but why did you do that knowing full well you would have to take off your shirt for the scan and I would have to be uncomfortably near it the whole time! I will complain about this whenever I can! It was weird!

[taobotics]

Cargo handling has always been a time-consuming and unavoidable work, the emergence of AGV unmanned trucks, instead of people to complete the different states of the handling operation, greatly reduced people's labor intensity and improved the efficiency of the factory. The factory transportation robot system is based on a HandsFree robot and open source system, realizing the robot from map building, navigation, and motion control; it can autonomously and accurately complete the delivery of production materials under the operation scenario of human-machine mixing and provide the flexible flow of materials between production lines.

[marketsndata]

Saudi Arabia Ultrasound Devices Market Analysis 2030

Saudi Arabia ultrasound devices market size was valued at USD 452 million in 2022, which is expected to reach USD 628.2 million in 2030, with a CAGR of 4.2% for the forecast period between 2023 and 2030F. The Saudi Arabia ultrasound devices market is experiencing significant growth and innovation driven by varied factors. As a key driver, the increasing prevalence of chronic diseases and the rising demand for early diagnosis have propelled the demand for ultrasound devices in the country. The non-invasive nature and versatility of ultrasound imaging make it a preferred choice for various medical applications, including obstetrics, gynecology, cardiology, and radiology.

Integrating innovative features such as 3D and 4D imaging, elastography, and contrast-enhanced ultrasound results in diagnostic accuracy and enhances the quality of patient care. Using portable and handheld ultrasound devices has also facilitated point-of-care imaging, enabling healthcare providers to conduct examinations in remote and underserved areas.

Furthermore, supportive government initiatives and investments in healthcare infrastructure have fostered the adoption of ultrasound devices in the country. Increasing healthcare expenditure and growing private healthcare facilities have expanded the market. Also, the trend of medical tourism in Saudi Arabia has boosted the demand for advanced ultrasound technologies, attracting patients from neighboring countries for high-quality medical services. With these market drivers and ongoing technological advancements, the Saudi Arabia ultrasound devices market is poised for continued growth and will likely remain a vital segment in the medical imaging industry.

For example, in 2023, Saudi Tibbiyah, a prominent healthcare company in Saudi Arabia, has entered a joint venture (JV) with the renowned European diagnostic imaging services provider, Unilabs. This strategic partnership aims to expand and enhance the availability of state-of-the-art diagnostic imaging services in the Saudi Arabian healthcare market. By combining their expertise and resources, the collaboration seeks to offer a comprehensive range of advanced medical imaging solutions, thereby improving access to high-quality healthcare for patients across the region.

The Expansion of Medical Facilities

The Saudi Arabia ultrasound devices market has been experiencing a significant growth in recent years, and the expansion of medical facilities is a key driver for this growth. As the country’s population continues to increase and age, there is a growing demand for healthcare services, including diagnostic imaging procedures. To cater to this demand, healthcare providers are expanding their facilities and investing in the latest ultrasound technology. In addition, the government of Saudi Arabia has been investing heavily in the healthcare sector, focusing on improving access to medical services in underserved areas. This has created opportunities for ultrasound device manufacturers to expand their presence in the Saudi Arabian market and provide innovative and cost-effective solutions to meet the growing demand for diagnostic imaging services.

For instance, EchoPAC Software is a powerful medical software developed by General Electric (GE) Healthcare for analyzing and interpreting echocardiography images. It offers comprehensive tools for cardiac analysis, including measurements of cardiac dimensions, wall motion, and blood flow velocities. The EchoPAC Plug-in is an optional add-on providing advanced quantitative analysis capabilities and research tools. These software solutions aid healthcare professionals in making accurate and efficient diagnoses for improved patient care.

Use of Ultrasound for Pre-hospital Care

Using ultrasound in pre-hospital care is gaining prominence in the Saudi Arabia Ultrasound Devices Market. Emergency medical teams are increasingly adopting portable handheld ultrasound devices to perform rapid assessments and diagnose critical conditions at the scene of accidents or emergencies. Ultrasound’s non-invasive nature allows for quick evaluation of trauma, internal bleeding, and organ injuries, enabling medical professionals to make timely decisions and initiate appropriate treatments before reaching the hospital. This application of ultrasound in pre-hospital care has the potential to significantly improve patient outcomes, especially in critical situations where immediate interventions are crucial. As the importance of pre-hospital care continue to be recognized, the demand for portable ultrasound devices in the Saudi Arabian market is expected to grow enhancing emergency medical services and overall healthcare capabilities in the country.

Technological Advancements in Ultrasound Imaging

The Saudi Arabia ultrasound devices market has witnessed significant technological advancements in ultrasound imaging. Innovations in transducer technology have led to higher frequency probes, resulting in improved resolution and better visualization of anatomical structures. Additionally, 3D/4D imaging integration has enabled a more comprehensive assessment of fetal development and complex anatomical pathologies. The development of portable and handheld ultrasound devices has facilitated point-of-care diagnostics and enhanced accessibility in remote areas and pre-hospital settings.

Furthermore, artificial intelligence and machine learning algorithms are being incorporated into ultrasound systems to assist in image interpretation and enhance diagnostic accuracy. These technological breakthroughs are revolutionizing ultrasound imaging in Saudi Arabia, allowing for more precise diagnoses and improving patient outcomes in various medical specialties. For instance, Versana Active is an advanced ultrasound technology developed by GE Healthcare. It features transducer technology, enhanced image clarity, and improved diagnostic capabilities. The system is designed for versatile clinical applications, delivering high-quality imaging for various medical specialties. With user-friendly controls and streamlined workflow, Versana ActiveTM + technology aims to provide healthcare professionals with efficient and accurate ultrasound examinations, ensuring optimal patient care.

Impact of COVID-19

The pandemic significantly impacted the Saudi Arabian ultrasound devices market, positively and negatively. On one hand, the pandemic has led to an increased demand for ultrasound devices, particularly in critical care and emergency medicine, as healthcare providers have sought to diagnose and monitor patients with COVID-19-related complications quickly. However, the pandemic has disturbed supply chains and slowed the pace of new product development, leading to supply shortages and delays in the launch of new ultrasound devices.

Report Scope

“Saudi Arabia Ultrasound Devices Market Assessment, Opportunities and Forecast, 2016-2030F”, is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative & quantitative assessment of the current state of the Saudi Arabia ultrasound devices market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities, and forecast between 2023 and 2030F. Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Click here for full report- https://www.marketsandata.com/industry-reports/saudi-arabia-ultrasound-devices-market

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Contact

Mr. Vivek Gupta 5741 Cleveland street, Suite 120, VA beach, VA, USA 23462 Tel: +1 (757) 343–3258 Email: info@marketsandata.com Website: https://www.marketsandata.com

[global-research-report]

Contrast Enhanced Ultrasound Market Players, Strategies And Outlook Status 2030

The global contrast enhanced ultrasound market is anticipated to reach USD 2.99 billion by 2030. It is projected to grow at a CAGR of 5.70% from 2024 to 2030, according to a new report by Grand View Research, Inc. The rising prevalence of chronic disorders such as cardiovascular ailments, cancer, and liver disease, growing geriatric population, and increasing technological advancements in the ultrasound imaging technology are the major factors anticipated to boost the contrast-enhanced ultrasound market growth over the forecast period. Growth in the market is further propelled using contrast-enhanced ultrasound over other imaging modalities like CT and MRI has become more popular due to its lower cost, portability, and lack of ionizing radiation.

The rising prevalence of cardiovascular diseases fueling the market growth. According to the World Health Organization (WHO), an estimated 17.9 million deaths occur each year due to cardiovascular diseases, making it the leading cause of death globally. In 2022, it is expected that there will be an increase in the number of people diagnosed with cardiovascular diseases. This is where contrast-enhanced ultrasound (CEUS) can play a crucial role in helping to detect and monitor these conditions. CEUS uses a contrast agent that enhances the ultrasound image, allowing for better visualization of the heart and blood vessels. It can be used to diagnose conditions such as heart valve disease, aortic aneurysm, and peripheral artery disease.

Furthermore, CEUS is a non-invasive and safe imaging modality that does not use ionizing radiation. This makes it a preferred option over other imaging modalities like CT and MRI, which use ionizing radiation. In 2021, a study published in the Journal of the American College of Cardiology showed that CEUS had high diagnostic accuracy in detecting coronary artery disease compared to other imaging modalities. With its many benefits, CEUS is becoming an increasingly important tool in diagnosing and managing cardiovascular diseases.

Contrast Enhanced Ultrasound Market Report Highlights

Based on product, the equipment segment held the largest revenue share in 2023. This can be attributed to the largest installed base of ultrasound imaging technology compatible with CEUS.

The contrast agents segment is expected to grow at the fastest CAGR of 6.32% during the forecast period owing to its approval of usage in the liver and pediatric imaging by the FDA.

Based on type, the non-targeted segment held the largest revenue share in 2023 as most of the commercially available contrast agents are non-targeted in nature.

The hospitals segment held the largest market share in 2023 owing to the increasing number of emergency visits with medical conditions such as abdominal pain, abdominal/thoracic trauma, and cardiac complications

The clinics segment is anticipated to witness lucrative CAGR over the forecast period owing to the realization of economic and patient care benefits with the adoption of sonography devices in practice among physicians at primary and secondary care

In Asia Pacific, the market is expected to grow at the fastest CAGR owing to the limited accessibility to advanced CT/MRI imaging modalities such as CT and MRI, and the growing burden of cardiovascular disorders in China and India.

Browse through Grand View Research's Medical Devices Industry Research Reports.

The global endoscopy visualization systems market size was valued at USD 25.1 billion in 2023 and is projected to grow at a CAGR of 6.8% from 2024 to 2030.

Asia Pacific bone grafts & substitutes market size was estimated at USD 662.4 million in 2024 and is projected to grow at a CAGR of 8.2% from 2025 to 2030.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, & country levels as well as provides an analysis on the latest industry trends in each of the sub-segments from 2018 to 2030. For this report, Grand View Research has segmented the global contrast enhanced ultrasound market report based on product, type, end-use, and region:

Contrast Enhanced Ultrasound Product Outlook (Revenue, USD Million, 2018 - 2030)

Equipment

Contrast Agents

Contrast Enhanced Ultrasound Type Outlook (Revenue, USD Million, 2018 - 2030)

Non-targeted

Targeted

Contrast Enhanced Ultrasound End-use Outlook (Revenue, USD Million, 2018 - 2030)

Hospitals

Clinics

Ambulatory Diagnostic Centers

Contrast Enhanced Ultrasound Regional Outlook (Revenue, USD Million, 2018 - 2030)

North America

US

Canada

Europe

Germany

UK

France

Italy

Spain

Denmark

Sweden

Norway

Asia Pacific

Japan

China

India

South Korea

Thailand

Australia

Latin America

Brazil

Mexico

Argentina 

Middle East & Africa

South Africa

Saudi Arabia

UAE

Kuwait

Order a free sample PDF of the Contrast Enhanced Ultrasound Market Intelligence Study, published by Grand View Research.

[divineleaves100]

Behind the Design: The Story of WARMY Gel Warmer

The care and comfort of patients can be significantly impacted by even the slightest aspects in contemporary healthcare. Understanding this, the WARMY Gel Warmer's creation involved more than just producing a new piece of medical equipment; it involved reimagining how an essential device could improve the quality of care.

The Spark of Innovation

The WARMY Gel Warmer was created in response to a challenge: how can we help patients feel more at ease and less afraid during regular medical procedures? Many people find that using cold ultrasound gel during imaging processes is an unpleasant experience that makes an already tense situation much worse. Our Dyausmed service support team set out to address this issue. Our goal was to turn this uncomfortable moment into a chance to increase patient happiness by warming the gel to a calming temperature.

From Concept to Creation

The journey started with a lot of research. To learn about the drawbacks of using traditional gel warmers, we consulted with nurses, sonographers, and radiologists. Their input identified a number of requirements, including accurate temperature management, reliable procedure, user-friendliness, and a design that fits in with hectic clinical environments. Patient input was equally crucial. Our goal was to find out how even minor adjustments to their experience could affect how they perceived care. Their observations supported our hypothesis that even something as basic as warm gel might make individuals feel more taken cared for.

Designing for Excellence

The WARMY Gel Warmer was designed with the end user in mind—both the healthcare provider and the patient. Key features include:

Precision Heating: WARMY uses advanced technology to maintain a consistent temperature, ensuring the gel is always ready at the ideal warmth for patient comfort.

User-Friendly Design: A sleek, compact form factor allows it to fit seamlessly into any clinical environment, while intuitive controls make it easy for staff to operate.

Safety First: Built-in safety mechanisms prevent overheating, ensuring both the patient and the device are protected at all times.

Energy Efficiency: Recognizing the growing need for sustainable solutions, WARMY was engineered with energy-saving technology to minimize its environmental footprint.

The Human Touch

While technology and innovation were critical, we never lost sight of the human aspect of care. WARMY’s design incorporates soft curves and a modern aesthetic, making it less intimidating for patients. The device symbolizes the importance of empathy in healthcare, showing patients that their comfort matters.

Transforming Patient Experiences

Since its launch, healthcare facilities have embraced the WARMY Gel Warmer. Patients frequently thank providers for adding a caring touch to their care, and providers report higher patient satisfaction

The Road Ahead

The story of the WARMY Gel Warmer is far from over. At DyausMed Healthcare , we continue to gather feedback and refine our designs to meet the evolving needs of healthcare providers and patients. WARMY represents our commitment to innovation and compassion, proving that even the smallest details can make a big difference.

Closing Thoughts

Every product has an underlying story of inspiration, teamwork, and mission. The WARMY Gel Warmer is more than simply a tool; it's evidence of how healthcare innovation may improve relationships among individuals. We are committed to providing solutions that enhance lives, one little but significant step at a time, as we keep pushing the envelope of what is conceivable.

From

Dyausmed Healthcare

[marketprofessional]

[healthcaremarketanalysis]

Ultrasound Market worth $11.6 billion by 2028

The global ultrasound market in terms of revenue was estimated to be worth $8.5 billion in 2023 and is poised to reach $11.6 billion by 2028, growing at a CAGR of 6.3% from 2023 to 2028. The new research study consists of an industry trend analysis of the market. The new research study consists of industry trends, pricing analysis, patent analysis, conference and webinar materials, key stakeholders, and buying behaviour in the market. The increasing patient population, rising prevalence of chronic diseases, and rising focus on non-invasive procedures are expected to drive the market during the forecast period.

Download an Illustrative overview:

Browse in-depth TOC on "2D Ultrasound Market"

179 - Tables

39 - Figures

257 – Pages

Technology segment to register significant growth rate over the forecast period of 2023-2028

Based on technology, the global ultrasound imaging market is segmented into diagnostic and therapeutic ultrasound. The therapeutic ultrasound segment is anticipated to register the second highest growth rate over the forecast period. The diagnostic ultrasound segment accounted for the highest share of the ultrasound market in 2022.

Portability segment to register significant growth rate over the forecast period of 2023-2028

Based on the portability, the ultrasound market is segmented into trolly/cart-based ultrasound, compact/handheld ultrasound systems, and POC ultrasound systems. The trolly/cart-based ultrasound segment is anticipated to register the highest growth rate over the forecast period. The compact/handheld ultrasound systems segment accounted for the highest share of the ultrasound market in 2022.

Component segment accounted for the largest share of the ultrasound market, by application in 2022.

Based on component, the global the ultrasound market is segmented into transducers/probes, workstations, other components. Transducer/probes segment accounted for the largest share of the market in 2022 and is expected to grow at the highest CAGR during the forecast period.

Factors such as the rising incidence of cancer cases, the growing geriatric population, and the launch of integrated modalities drive the growth of ultrasound products.

The hospital and clinics segment accounted for the largest share of the ultrasound industry, by end user, in 2022

Based on end user, the ultrasound market is segmented into hospitals, surgical centres, diagnostic centres, maternity centres, ambulatory centres, research and academia and other end users. The hospitals, surgical centres, diagnostic centres segment accounts for the largest share of the market in 2022. Factors attributing to the share of this particular are increasing cancer incidences and increasing number of dermatological surgeries performed in hospitals and clinics are driving the growth of this segment.

The Asia Pacific market to register a significant growth in the market during the forecast period

The Asia Pacific ultrasound market is estimated to register a significant growth from 2023 to 2028. The increasing patient population, rising geriatric population, rapid economic growth and increasing disposable income are driving the market growth in APAC countries. This region is having a rise in healthcare investment and expenditure, offering significant growth opportunities for the key players.

By region, North America is expected to be the largest region in the ultrasound industry during the forecast period

North America, comprising the US and Canada, accounted for the largest market share in 2022. The large share of ultrasound market can primarily be attributed to the high healthcare spending, rising geriatric population, the rising prevalence of target diseases, growing number of cosmetic surgeries, and rapid adoption of technologically advanced imaging systems.

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Ultrasound Market Dynamics:

Drivers:

Increasing incidence of target diseases and subsequent rise in surgical procedures

Growing patient preference for minimally invasive surgeries

Rising technological advancements in ultrasound devices

Growing public-private investments for product commercialization

Increasing establishment of hospitals and diagnostic centers

Restraints:

Unfavorable reimbursements

High operating costs

Opportunities:

Growing applications of therapeutic ultrasound

High growth potential of emerging markets

Development of POC ultrasound systems

Challenges:

Growing end-user preference for refurbished equipment

Shortage of skilled sonographers

Key Market Players:

As of 2022, prominent players in the ultrasound market are GE healthcare (US), Koninklijke Philips N.V. (Netherlands), Canon Medical Systems Corporation (Japan), Siemens AG (Germany), Fujifilm Corporation (Japan), and Hologic, Inc. (US)

Recent Developments:

In February 2023, GE HealthCare has acquired Caption Health, thereby expanding the capabilities of ultrasound technology to assist new users through FDA-cleared, AI-powered image guidance. By leveraging Caption AI applications, ultrasound examinations can be streamlined, accelerating the process and empowering a wider range of healthcare professionals to perform fundamental echocardiogram exams.

In November 2022, Canon Inc. revealed its plans to form a new subsidiary called Canon Healthcare USA, Inc. With this strategic move, Canon intends to enhance its position within the influential American medical market and expedite the expansion of its medical business.

In April 2022, The enhanced partnership between GE HealthCare and Sinopharm focuses on the development and commercialization of medical equipment designed to meet the specific healthcare requirements of China.

Ultrasound Market Advantages:

Non-Invasive: Ultrasound is a non-invasive imaging technique, meaning it does not require any incisions or exposure to ionizing radiation, making it safer for patients and reducing the risk of complications.

Real-Time Imaging: Ultrasound provides real-time imaging, allowing medical professionals to observe and assess dynamic processes within the body, such as blood flow, organ movements, and fetal development.

Portability: Advancements in technology have led to the development of portable and handheld ultrasound devices, enabling point-of-care imaging in remote or resource-limited settings and increasing accessibility to medical care.

Cost-Effective: Compared to other imaging modalities like MRI or CT scans, ultrasound is generally more cost-effective, making it a cost-efficient choice for both healthcare providers and patients.

No Ionizing Radiation: Ultrasound uses sound waves instead of ionizing radiation, making it a safer option for imaging pregnant women, children, and individuals who require frequent imaging studies.

Wide Range of Applications: Ultrasound has a diverse range of applications across various medical specialties, including obstetrics, gynecology, cardiology, radiology, gastroenterology, and more, making it a versatile tool for healthcare professionals.

Real-Time Guidance: Ultrasound can be used in real-time to guide medical procedures, such as needle biopsies, drain placements, and catheter insertions, increasing accuracy and reducing the risk of complications.

High Patient Tolerance: Patients generally find ultrasound examinations comfortable and painless, contributing to improved patient compliance and satisfaction.

Safe for Repetitive Use: Ultrasound can be used repeatedly without any harm to the patient, making it suitable for monitoring and follow-up examinations.

Accessibility: Ultrasound machines are widely available in medical facilities, from large hospitals to smaller clinics, allowing for prompt and convenient access to imaging services.

Overall, the advantages of ultrasound make it an indispensable tool in modern medicine, facilitating early and accurate diagnoses, improving patient care, and contributing to better health outcomes.

Related Link:

[bommagoni]

Portable Ultrasound Bladder Scanner Market Size, Trends

[marketsndata]

[mitalipingale]

https://bundas24.com/read-blog/150252_automated-breast-ultrasound-system-market-size-analysis-and-forecast-2031.html

The Automated Breast Ultrasound System Market in 2023 is US$ 1.97 billion, and is expected to reach US$ 6.33 billion by 2031 at a CAGR of 15.70%.