Ultrasound Devices Market Growth Drivers, Developments, Technology and Future Trends 2018-2024

According to a recent report published by Fast.MR, titled, Global Ultrasound Devices  2018: Market Size, Trends, Opportunity, Forecast 2018-2024, the Global ultrasound devices market is estimated to reach USD 8.6 Billion in 2024, registering a compound annual growth rate (CAGR) of 4.1% between 2019 and 2024. Factors such as continuous technological advancements and development of advanced ultrasound devices are poised to positively benefit global ultrasound devices market during the forecast period.

Market Insights

Growth Drivers – Ultrasound Devices Market

Increasing Ultrasound Procedures

Increasing prevalence of chronic diseases and rising patient awareness are two of the major factors which are propelling market growth. Further, increasing awareness and treatment of complex diseases is also expected to foster the growth of global ultrasound devices market during the forecast period. High diagnosis rates of kidney stones in various countries such as Germany and U.S. also indicate growth of global ultrasound devices market during the forecast period.

Launch of Innovative Products

Manufacturers are offering advanced ultrasound devices products with several new functionalities. Further, various companies are also launching 3D and 4D ultrasound devices products which can take images at various angles. Besides, 4D ultrasound device offer various advantages over 2D ultrasound such as including visualization and motion.

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Trends – Ultrasound Devices Market

Portable Ultrasound Devices Gaining Traction in Market

Various companies are focusing on innovation and new product launch such as 3D and 4D ultrasound devices among others. Moreover, increasing adoption of these advanced devices in developed nations is offering significant revenue generation opportunities.

Segmentation Analysis

The ultrasound devices market by type is segmented into stationary, and portable. In this segment, stationary segment is anticipated to capture the largest market share in 2024. Global ultrasound devices market is further segmented into technology into diagnostic ultrasound and therapeutic ultrasound, out of which, diagnostic ultrasound segment is anticipated to propel at a faster rate as compared to other segments.

Based on end user, the ultrasound devices market is further sub segmented into hospital & surgical centers, diagnostic centers, ambulatory surgical centers and others. Diagnostic centers captured significant market share in overall ultrasound devices market in 2018.

Geographical Analysis

Geographically, the report offers analysis of North America, Europe, Asia Pacific, Latin America and Middle East & Africa. In ultrasound devices market, Asia Pacific dominated in 2018, acquiring significant portion of overall market. Expansion of healthcare infrastructure in developing nations such as China, India and others is anticipated to fuel market expansion during forecast period. Europe market was held at USD 1.9 Billion in 2018 and is anticipated to grow at a CAGR of 4.3% during the forecast period. Increasing utilization of ultrasound devices in early diagnostics is likely to impel the demand for ultrasound devices market. Furthermore, growing adoption of advanced ultrasound devices in North America is expected to strengthen the growth of ultrasound devices market.

Competitive Analysis

The report also covers detailed competitive analysis of major market players of global ultrasound devices market, such as GE Healthcare, Koninklijke Philips N.V., Canon Medical Systems Corporation, Hitachi, Ltd., Siemens Healthineers, Mindray Medical International Limited, Samsung Medison Co., Ltd., Fujifilm Holdings Corporation, Esaote SpA and Analogic Corporation. The ultrasound devices market is witnessing a wide range of industry activities such as product launch, acquisition, partnership, and expansion across the globe.

Segmentation

By Type
- Stationary
- Portable

By Technology
- Diagnostic Ultrasound
- 2D Ultrasound
- 3D & 4D Ultrasound
- Doppler Ultrasound
- Therapeutic Ultrasound
- High-intensity Focused Ultrasound
- Extracorporeal Shockwave Lithotripsy

By Application
- Radiology
- Cardiology
- Gynecology
- Vascular
- Urology
- Others

By End User
- Hospital & Surgical Centers
- Diagnostic Centers
- Ambulatory Surgical Centers
- Others

By Geography:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
- Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
- Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)

Competitive Landscape
The report profiles various major market players such as
- GE Healthcare
- Koninklijke Philips N.V.
- Canon Medical Systems Corporation
- Hitachi, Ltd.
- Siemens Healthineers
- Mindray Medical International Limited
- Samsung Medison Co., Ltd.
- Fujifilm Holdings Corporation
- Esaote SpA
- Analogic Corporation
- Other Major & Niche Players

Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development and other market activities).

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Table of Contents:

1. Preface
1.1. Research Methodology
1.2. Geographic Scope
1.3. Years Considered

2. Executive Summary

3. Market Overview
3.1. Ultrasound Devices Overview
3.2. Market Definition & Key Market Segments
3.3. Industry Development
3.4. Global Market Maturity
3.4.1. North America
3.4.2. Europe
3.4.3. Asia Pacific
3.4.4. Latin America
3.4.5. Middle East & Africa
3.5. Porter’s Five Force Analysis
3.6. Industry Value Chain Analysis
3.7. Macro-Economic Trends

4. Competitive Landscape
4.1. Global Ultrasound Devices Market 2018
4.2. Global Ultrasound Devices Market Value Share, By Company 2018

5. Growth Drivers & Barriers in Global Ultrasound Devices Market
5.1. North America
5.2. Europe
5.3. Asia Pacific
5.4. Rest of World

6. Trends in Global Ultrasound Devices Market
6.1. North America
6.2. Europe
6.3. Asia Pacific
6.4. Rest of World

7. Global Ultrasound Devices Market
7.1. Introduction
7.2. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024

8. Global Ultrasound Devices Market Segmentation Analysis, By Type
8.1. Introduction
8.2. Strategic Insights
8.2.1. BPS Analysis, By Type
8.2.2. Market Attractiveness, By Type
8.3. Stationary
8.3.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
8.4. Portable
8.4.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024

9. Global Ultrasound Devices Market Segmentation Analysis, By Technology
9.1. Introduction
9.2. Strategic Insights
9.2.1. BPS Analysis, By Technology
9.2.2. Market Attractiveness, By Technology
9.3. Diagnostic Ultrasound
9.3.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
9.3.2. 2D Ultrasound
9.3.2.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
9.3.3. 3D & 4D Ultrasound
9.3.3.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
9.3.4. Doppler Ultrasound
9.3.4.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
9.4. Therapeutic Ultrasound
9.4.1. High-intensity Focused Ultrasound
9.4.1.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
9.4.2. Extracorporeal Shockwave Lithotripsy
9.4.2.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024

10. Global Ultrasound Devices Market Segmentation Analysis, By Application
10.1. Introduction
10.2. Strategic Insights
10.2.1. BPS Analysis, By Application
10.2.2. Market Attractiveness, By Application
10.3. Radiology
10.3.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
10.4. Cardiology
10.4.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
10.5. Gynecology
10.5.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
10.6. Vascular
10.6.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
10.7. Urology
10.7.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
10.8. Others
10.8.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024

11. Global Ultrasound Devices Market Segmentation Analysis, By End User
11.1. Introduction
11.2. Strategic Insights
11.2.1. BPS Analysis, By End User
11.2.2. Market Attractiveness, By End User
11.3. Hospital & Surgical Centers
11.3.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
11.4. Diagnostic Centers
11.4.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
11.5. Ambulatory Surgical Centers
11.5.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
11.6. Others
11.6.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024

12. Geographical Analysis
12.1. Introduction
12.2. North America Ultrasound Devices Market
12.2.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
12.2.2. By Type
12.2.2.1. Introduction
12.2.2.2. Strategic Insights
12.2.2.2.1. BPS Analysis, By Type
12.2.2.2.2. Market Attractiveness, By Type
12.2.2.3. Stationary
12.2.2.3.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
12.2.2.4. Portable
12.2.2.4.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
12.2.3. By Technology
12.2.3.1. Introduction
12.2.3.2. Strategic Insights
12.2.3.2.1. BPS Analysis, By Technology
12.2.3.2.2. Market Attractiveness, By Technology
12.2.3.3. Diagnostic Ultrasound
12.2.3.3.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
12.2.3.3.2. 2D Ultrasound
12.2.3.3.2.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
12.2.3.3.3. 3D & 4D Ultrasound
12.2.3.3.3.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
12.2.3.3.4. Doppler Ultrasound
12.2.3.3.4.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
12.2.3.4. Therapeutic Ultrasound
12.2.3.4.1. High-intensity Focused Ultrasound
12.2.3.4.1.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
12.2.3.4.2. Extracorporeal Shockwave Lithotripsy
12.2.3.4.2.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
12.2.4. By Application
12.2.4.1. Introduction
12.2.4.2. Strategic Insights
12.2.4.2.1. BPS Analysis, By Application
12.2.4.2.2. Market Attractiveness, By Application
12.2.4.3. Radiology
12.2.4.3.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
12.2.4.4. Cardiology
12.2.4.4.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
12.2.4.5. Gynecology
12.2.4.5.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
12.2.4.6. Vascular
12.2.4.6.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
12.2.4.7. Urology
12.2.4.7.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
12.2.4.8. Others
12.2.4.8.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
12.2.5. By End User
12.2.5.1. Introduction
12.2.5.2. Strategic Insights
12.2.5.2.1. BPS Analysis, By End User
12.2.5.2.2. Market Attractiveness, By End User
12.2.5.3. Hospital & Surgical Centers
12.2.5.3.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
12.2.5.4. Diagnostic Centers
12.2.5.4.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
12.2.5.5. Ambulatory Surgical Centers
12.2.5.5.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
12.2.5.6. Others
12.2.5.6.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
12.2.6. By Country
12.2.6.1. Introduction
12.2.6.2. Strategic Insights
12.2.6.2.1. BPS Analysis, By Country
12.2.6.2.2. Market Attractiveness, By Country
12.2.6.3. U.S. Ultrasound Devices Market
12.2.6.3.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024
12.2.6.4. Canada Ultrasound Devices Market
12.2.6.4.1. Market Value and Forecast 2018-2024 & Y-o-Y Growth Analysis, 2019-2024

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