Ultrasound Market Is Expected To Grow With A CAGR of 5.90% From 2022 To 2028
As stated by our extensive report, providing insights on Technology, Display, and Application the Global Ultrasound Market accounted for 6,524.10 USD Million in 2021.
The Ultrasound utilizes high-frequency sound waves to take photos of anatomical systems, which are then analyzed by healthcare specialists to detect abnormalities in a patient. This equipment is used to diagnose several chronic diseases linked to essential body parts such as the heart, blood vessels in the gut, joints, and others. This technology is believed to be one of the securest, non-invasive diagnostic methods to examine internal organs.
The growth is driven by the rise in the majority of chronic disorders such as cancer tumors, gallstones, and fatty liver disease among others, along with increased spending on the healthcare enterprise. Further, the rise in attention toward early disease diagnosis and technical improvement in ultrasound imaging devices are the major drivers that are predicted to boost the demand of the market during the forecast time.
The impact of the COVID-19 pandemic and the lockdowns triggered various markets, including the ultrasound market. The general growth of different sectors has been heavily influenced, specifically in nations. The healthcare, biotechnology, and pharmaceutical companies are concentrating on optimizing their operations to serve a maximum number of patients and healthcare specialists.
The increasing incidence of chronic diseases and disorders will boost the adoption of efficacious diagnostic and therapeutic techniques. The burden of chronic and lifestyle illnesses has grown in the recent period. As ultrasound technologies are cost-effective, securer, and deliver earlier diagnosis & cure of target diseases, their demand in disease control is expected to boost the market growth.
Europe predicated to maintain the maximum share of the Ultrasound Market during the forecast period. This is due to the high expense on R&D, the presence of significant players & their development availability, technological advances, innovations launched with higher sale volume of ultrasound machines, and well-established healthcare establishments in the region. As well as the development of healthcare infrastructure is propelling the growth of the Ultrasound Market in this region.
Some of the prominent players operating in the Global Ultrasound Market are GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), Canon Medical Systems Corporation (Japan), Hitachi, Ltd. (Japan), Siemens Healthineers AG (Germany), Hologic, Inc. (US), FUJIFILM Holdings Corporation (Japan), Samsung Electronics Co., Ltd. (Korea), Mindray Medical International Limited (China), Analogic Corporation (US), Esaote S.p.A (Italy), Carestream Health (US), CURA Healthcare (India), Chison Medical Technologies Co., Ltd. (China), Mobisante, Inc. (US), Neusoft Corporation (China), Clarius Mobile Health (Canada), Medgyn Products, Inc. (US), and United Imaging Healthcare Co., Ltd. (China), among others.
Browse the full Report - Ultrasound Market Size, Share & Trends Analysis Report by Technology (Diagnostic Ultrasound, Therapeutic Ultrasound), by Device Display (Color Ultrasound, B/W Ultrasound), by Portability (Trolley/Cart-based Ultrasound Systems, Compact/Handheld Ultrasound Systems , Point-of-care (PoC) Ultrasound Systems), by Application (Radiology/General Imaging Applications, Obstetrics/Gynecology Applications , Cardiology Applications , Urology Applications ), by Component (Transducers/ Probes, Workstations , Other components), by End User (Hospitals, Surgical Centers, and Diagnostic Centers, Maternity Centers , Ambulatory Care Centers , Research and Academia ), by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028)