Ultrasound Market Worth US $ ~10.76 billion by 2031| Global Ultrasound Industry Share, Growth, Trends, Price, Analysis and Forecast Report by Growth Plus Reports

Pune, Nov. 18, 2021 (GLOBE NEWSWIRE) -- The Global Ultrasound Market is expected to clock US$ ~10.76 billion by 2031 owing to new product launches by players and an increasing preference for non-invasive diagnostic procedures.

Growth Engines

Technological advancements and new product launches by players in the market have played a critical role in boosting the ultrasound market. Companies operating in the market are increasingly focusing on integrating machine learning in medical imaging including ultrasound imaging. Introduction of Artificial Intelligence (AI) in ultrasound has also played a critical role in transforming the medical diagnostics. For instance, FDA authorized marketing of first cardiac ultrasound software that uses artificial intelligence to guide user. The software, called Caption Guidance, assist medical professionals in the acquisition of cardiac ultrasound, or echocardiography, images. The software uses AI to provide real-time guidance and feedback on image quality to enable capture of diagnostic quality images.

The global ultrasound market has been analyzed from six perspectives: Technology, Device Display, Portability, Application, End User, and Region.

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Excerpts from ‘By Technology Segmentation’

Based on the technology, the ultrasound market has been segmented into diagnostic ultrasound and therapeutic ultrasound. The diagnostic ultrasound segment is further sub-segment into 2D ultrasound, 3D & 4D ultrasound, and Doppler ultrasound. Therapeutic ultrasound segment is further bifurcated into high-intensity focused ultrasound (HIFU) and extracorporeal shockwave lithotripsy (ESWL). Diagnostic ultrasound segment held the largest market share in the ultrasound market. Factors such as technological advancements and increasing applications of ultrasound in diagnosis of various conditions such as tumors, cardiovascular diseases, pain management, among others are driving the growth of this segment.

Excerpts from ‘By Region Segmentation’

Based on the region, the global ultrasound market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World (RoW). North America held the largest market share in the global ultrasound market. The U.S dominated the North American ultrasound market. Factors driving growth in this region include growing adoption of home healthcare and remote patient monitoring, rising awareness about early disease diagnosis, growing patient preference for minimally invasive procedures, incessantly rising incidence of chronic diseases (such as heart disease, stroke, type 2 diabetes, and cancer), rising geriatric population and well-developed healthcare infrastructure. Moreover, increasing focus of players in the market to launch new ultrasounds have also played a key role in driving the growth of ultrasound market in this region.

Excerpts from ‘Competitive Landscape’

Some of the prominent players operating in the global ultrasound market include:-

• Koninklijke Philips N.V.
• GE Healthcare
• Siemens Healthineers AG
• Hitachi, Ltd
• FUJIFILM Corporation
• Canon Medical Systems Corporation
• Mindray Medical International Ltd
• Sonacare Medical
• Hologic, Inc
• Samsung Healthcare

Access Full Report at Ultrasound Market by Technology (Diagnostic Ultrasound and Therapeutic Ultrasound), Device Display (Black & White (B/W) Display and Color Display), Portability (Compact/Handheld Ultrasound Systems and Trolley/Cart-based Ultrasound Systems), Applications (Radiology, Gynecology, Cardiology, Urology, Oncology, and Orthopedic & Musculoskeletal), End User (Hospitals & Surgical Centers, Diagnostic Centers, Maternity Centers, and Ambulatory Care Centers) – Global Outlook & Forecast 2021-2031

Table of contents:

1. INTRODUCTION
   1. Market Ecosystem
   2. Geographic Scope
   3. Timeline Under Consideration
      1. Historical Years – 2018 & 2019
      2. Base Year – 2020
      3. Forecasted Years – 2021 to 2031
   4. Currency Used in the Report
2. RESEARCH METHODOLOGY
   1. Research Approach
   2. Data Collection Methodology
   3. Data Sources
      1. Secondary Sources
      2. Primary Sources
   4. Market Estimation Approach
      1. Bottom Up
      2. Top Down
   5. Market Forecasting Model
   6. Limitations and Assumptions
3. PREMIUM INSIGHTS
   1. Current Market Trend (COVID-19 Perspective)
   2. Key Players & Their Competitive Positioning (2020)
4. MARKET DYNAMICS
   1. Drivers
   2. Restraints
   3. Opportunities
5. GLOBAL ULTRASOUND MARKET - ANALYSIS & FORECAST, BY TECHNOLOGY
   1. Diagnostic Ultrasound
      1. 2D Ultrasound
      2. 3D & 4D Ultrasound
      3. Doppler Ultrasound
   2. Therapeutic Ultrasound
      1. High-Intensity Focused Ultrasound (HIFU)
      2. Extracorporeal Shockwave Lithotripsy (ESWL)
6. GLOBAL ULTRASOUND MARKET - ANALYSIS & FORECAST, BY DEVICE DISPLAY
   1. Black & White (B/W) Ultrasound
   2. Color Ultrasound
7. GLOBAL ULTRASOUND MARKET - ANALYSIS & FORECAST, BY PORTABILITY
   1. Compact/Handheld Ultrasound Systems
   2. Trolley/Cart-based Ultrasound Systems

VALUE PROPOSITIONS RELATED TO THE REPORT:

• Powered with Complimentary Analyst Hours and Expert Interviews with Each Report
• Comprehensive quantitative and qualitative insights at a segment and sub-segment level
• Covid 19 impact trends and perspective
• Granular insights at global/regional/country level
• Deep-rooted insights on market dynamics (drivers, restraints, opportunities) and business environment
• Blanket coverage on competitive landscape
• Winning imperatives
• Exhaustive coverage on 'Strategic Developments' registered by leading players of the market

CUSTOMIZATION OPTIONS:

• Distributor Landscape Assessment
• Pricing Intelligence
• Customer Base Assessment
• Investment & Initiatives Analysis
• 'Business Profile' of Key Players

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