Wilmington, Delaware, United States, April 08, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. – The global ultrasound devices market is predicted to reach US$ 12.5 billion by 2031, expanding at a CAGR of 6%. There are numerous testing and remedial uses for ultrasonic medical instruments. From cancer to heart, particular therapeutic uses of ultrasound have grown in popularity.
The market is expected to remain enthused for some time to come thanks to the growth of ultrasound device uses in shear wave elastography, 3D imaging, creation of wireless transducers, app-based ultrasound imaging, integration with CT/MR, as well as laparoscopic ultrasound.
For instance, Samsung Medison along with Intel worked together to develop NerveTrack, a real-time nerve monitoring ultrasonography technology that enables anesthesiologists to quickly and accurately administer anesthesia by enabling them to identify nerves in the patient's arm.
Additionally, it is anticipated that the market will expand due to the incorporation of artificial intelligence (Al) to handle time-consuming tasks like quantification and choosing the best picture slice from a 3-D collection. AI is already present in many high-end ultrasound systems, and it will likely be present in the majority of new systems going forward. Such advancements have been propelling the growth of ultrasound devices during the forecast period.
Request for a Sample PDF Report with Latest Industry Insights:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=2483
Global Ultrasound Devices Market Trends
- The cardiology sector is expected to grow at a stable CAGR over the projection period due to the rising incidence of Cardiovascular Disorders (CVD) globally. For instance, according to WHO, CVDs almost account for approximately 17.9 million deaths every year, making them the world's top cause of mortality. Additionally, the market is anticipated to grow as ultrasound technology improves for cardiac uses.
- Hospitals led the ultrasound device market by end-user type, and it is anticipated that they will continue to hold the top spot throughout the forecast era.
- Two reasons that have influenced the growth of the industry are the pervasive use of ultrasound technology in medical contexts and the increase in patients seeking care for a range of lifestyle-related illnesses. There will likely be more demand for ultrasound devices in both outpatient and inpatient situations as movable systems become available
Global Ultrasound Devices Market: Regional Outlook
- In 2020, North American countries dominated this industry and generated the most income. The area is anticipated to experience substantial growth during the forecast time. One of the main drivers of the regional market development is the existence of a sizable number of potential competitors in the area, as well as the rising incidence of cancer cases.
- Due to the rising demand for improved imaging equipment, the market in the Asia Pacific is anticipated to grow at a steady CAGR during the projection period. Market players are also employing a range of strategies to forge a place in the area.
- For instance, Philips was given permission by the Japanese healthcare body to reveal the ultrasound choice for the appropriate portable ultrasound devices in June 2020. Southeast Asian nations with quickly expanding economies and superior healthcare systems, such as Japan, China, as well as India, are anticipated to be the main drivers of growth in the region.
Buy this Premium Research Report:
https://www.transparencymarketresearch.com/checkout.php?rep_id=2483<ype=S
Key Findings of the Market Report
- By technology, the diagnostic ultrasound segment occupied the highest share in 2020
- By application, the radiology segment acquired the largest revenues
- By portability, the trolley/cart-based segment was the most lucrative segment
Global Ultrasound Devices Market: Key Players
Some of the key players in the global ultrasound devices market are:
- Koninklijke Philips N.V.
- Hitachi Ltd.
- GE Healthcare
- Neusoft Corporation
- Siemens Healthineers AG
- Chison Medical technologies co. Ltd.
- Canon Medical Systems
- Mindray Medical International Limited
- Hologic Inc
- Samsung Medison Co., Ltd.
- Shantou Institute of ultrasound instruments Inc.
- FUJIFILM SonoSite, Inc.
- Konica Minolta Inc.
- Terason
- Analogic Corporation
- Esaote
Some developments by the key players in the global market for ultrasound devices are:
- Vscan Air, a portable pocket-sized ultrasound that provides doctors with a whole-body scanning capacity, clear picture clarity, and user-friendly software, was launched by GE Healthcare in March 2021. The Vscan Air makes it simpler to obtain high-quality ultrasound images, continuing the company's dedication to invention and revolutionizing clinical evaluation.
- A collaboration between Butterfly Network, Inc. and Ambra Health was revealed in February 2022 with the goal of accelerating and making bedside imaging data interoperability simple. Through this collaboration, Butterfly Blueprint, the company's business platform, will be able to scale more easily, and it will be easier for hospitals and health systems to access and exchange important ultrasound data.
Get Customization on this Report for Specific Research Solutions:
https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=2483
Global Ultrasound Devices Market Segmentation
By Technology
- Diagnostic Ultrasound devices
- 2D ultrasound
- 3D and 4D ultrasound
- Doppler Ultrasound
- Therapeutic Ultrasound devices
- High-intensity focused ultrasound
- Extracorporeal shockwave lithotripsy
By Portability
- Trolley/ Cart-based
- Compact/ Handheld
By Application
- Radiology/ General Imaging
- Cardiology
- Gynecology
- Vascular
- Urology
- Others
By End-Users
- Hospitals and Surgical centers
- Diagnostic centers
- Ambulatory Surgical centers
- Others
By Region
- North America
- Latin America
- Europe
- Asia-Pacific
- Middle East and Africa
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact:
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
