Ultrasound Systems Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033
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Ultrasound Systems Market Report Overview
The ultrasound systems market size was valued at $6.48 billion in 2023. The ultrasound systems market will grow at a CAGR of more than 1% from 2023 to 2033. Ultrasound systems are devices that make use of sound waves of high frequency to produce images of structures inside the body. Ultrasound examination is useful for the detection of multifocal, multicentric, or bilateral disease and in studying axillary lymph nodes. Ultrasound gives information on the size and structure of the liver and demonstrates both localized lesions (tumor, cyst, and abscess).
Ultrasound Systems Market Outlook 2023-2033 ($ Billion)
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The ultrasound systems market research report explains the market behavior, which will help identify quantitative market trends within diagnostic imaging therapeutic areas. The report has extensively covered pipeline products and technologies, which will help in identifying companies with the most robust pipeline. This, in turn, will assist in predictive analysis for designing in-licensing and out-licensing strategies. The ultrasound systems market model also discusses the detailed impact of COVID-19 on the Ultrasound systems market for 2020 and beyond.
Market Size (2023) | $6.48 billion |
CAGR (2023-2033) | >1% |
Historic Period | 2015-2023 |
Forecast Period | 2023-2033 |
Key Segments |
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Key Regions |
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Key Companies |
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Ultrasound Systems Market Dynamics
The ultrasound systems market is driven by increased demand for minimally invasive, diagnostic & therapeutic techniques, a rising elderly patient population, and technological advancements. The ultrasound machine design has become more user-friendly for novice users with fewer knobs and streamlined design for quick comprehension of key features, thereby driving the market growth. The use of ultrasound imaging will save time and reduce costs and can avoid exposure to radiation with no reduction in diagnostic accuracy. Furthermore, growth in the global economy and private healthcare insurance companies in countries such as Brazil, Saudi Arabia, and South Africa will boost the adoption of ultrasound systems.
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Ultrasound Systems Market Segments
The key segments in the ultrasound systems market are 2D Ultrasound Systems, 3D Ultrasound Systems, Handheld Ultrasound (HHU) Systems, and Real-Time 3D/4D Ultrasound Systems. In 2023, the Real-Time 3D/4D Ultrasound Systems segment dominated the market share. Improvements in battery life for hand-carried machines and the lack of film, chemical developers, and dedicated technicians, allow for the use of ultrasound in health missions to remote areas of the developing world.
Ultrasound Systems Market Analysis by Segments, 2023 (%)
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Ultrasound Systems Market Segmentation by Regions
The key regions in the ultrasound systems market are Asia-Pacific, Europe, the Middle East and Africa, North America, and South and Central America. In 2023, Asia-Pacific emerged as the leading regional segment with China being the largest contributor to the regional market.
The Asia Pacific region is growing quickly due to the geriatric population, government & private funding for R&D, and an increase in the number of healthcare providers. China has the largest ultrasound systems volume and New Zealand has the smallest, as compared to the other countries of the Asia Pacific region.
Ultrasound Systems Market Analysis by Regions, 2023 (%)
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Ultrasound Systems Market – Competitive Landscape
The key companies in the ultrasound systems market are GE Healthcare Technologies Inc, Siemens Healthineers AG, Philips Healthcare, Canon Medical Systems Corp, Hitachi Healthcare Manufacturing Ltd, Samsung Medison Co Ltd, Fujifilm Holdings Corp, and Esaote SpA among others. In 2023, GE Healthcare Technologies Inc accounted for the highest ultrasound systems market share and value.
Ultrasound Systems Market Analysis by Companies, 2023 (%)
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Segments Covered in this Report.
Ultrasound Systems Segment Outlook ($ Million, 2015-2033)
- 2D Ultrasound Systems
- 3D Ultrasound Systems
- Handheld Ultrasound (HHU) Systems
- Real-Time 3D/4D Ultrasound Systems
Ultrasound Systems Regional Outlook ($ Million, 2015-2033)
- Asia-Pacific
- Europe
- Middle East and Africa
- North America
- South and Central America
Key Inclusions of the market model are –
Currently marketed Ultrasound systems market and evolving competitive landscape –
- Insightful review of the key industry trends.
- Annualized total Ultrasound systems market revenue by segment and market outlooks from 2015-2033.
- Market-level data on units, average selling prices, and market values.
Global, Regional and Country level market specific insights –
- Qualitative market-specific information is available with global trends further broken down into regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
- SWOT analysis for the Ultrasound systems market.
- Competitive dynamics insights and trends provided for the Ultrasound systems market.
Understand the market by getting the veritable big picture including an overview of the healthcare system. In addition, the Market Access segment allows you to delve deeper into market dynamics with information on reimbursement policies and the regulatory landscape.
- Country-specific overview of the healthcare system.
- Country-specific reimbursement policies.
- Country-specific medtech regulatory landscape.
Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. Demand and supply-side primary sources are integrated within the syndicated models, including Key Opinion Leaders. In addition, real-world data sources are leveraged to determine market trends; these include government procedure databases, hospital purchasing databases, and proprietary online databases.
Companies covered: GE Healthcare Technologies Inc, Siemens Healthineers AG, Philips Healthcare, Canon Medical Systems Corp, Hitachi Healthcare Manufacturing Ltd, Samsung Medison Co Ltd, Fujifilm Holdings Corp, Esaote SpA and Others.
Countries covered – United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.
Scope
This Market Model gives important, expert insight you won’t find in any other source. The model illustrates qualitative and quantitative trends within the specified market. This model is required reading for
- CMO executives who must have a deep understanding of the ultrasound systems marketplace to make strategic planning and investment decisions.
- Sourcing and procurement executives must understand crucial components of the supply base in order to make decisions about supplier selection and management.
- Private equity investors that need a deeper understanding of the market to identify and value potential investment targets.
Reasons to Buy
The model will enable you to –
- Understand the impact of COVID-19 on ultrasound systems.
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving ultrasound systems.
- Generate revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the ultrasound systems market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the company’s share of market leaders.
- Identify emerging players with potentially strong product portfolios and create effective counter-strategies to gain a competitive advantage.
- Track device sales in the global and country-specific ultrasound systems market from 2015-2033.
- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments, and strategic partnerships.
Siemens Healthineers AG
Philips Healthcare
Canon Medical Systems Corp
Hitachi Healthcare Manufacturing Ltd
Samsung Medison Co Ltd
Fujifilm Holdings Corp
Esaote SpA
Others
Frequently asked questions
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What was the ultrasound systems market size in 2023?
The ultrasound systems market size was $6.48 billion in 2023.
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What will the ultrasound systems market CAGR be during 2023-2033?
The ultrasound systems will grow at a CAGR of more than 1% during 2023-2033.
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Which was the leading segment in the ultrasound systems market in 2023?
Real-Time 3D/4D ultrasound systems segment was leading the ultrasound systems market in 2023.
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Which region held the largest share of the ultrasound systems market in 2023?
Asia-Pacific was the largest regional market for ultrasound systems in 2023.
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Which are the leading players in the ultrasound systems market?
The key companies in the ultrasound systems market are GE Healthcare Technologies Inc, Siemens Healthineers AG, Philips Healthcare, Canon Medical Systems Corp, Hitachi Healthcare Manufacturing Ltd, Samsung Medison Co Ltd, Fujifilm Holdings Corp, Esaote SpA and Others.
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