The global ultrasound systems market, valued at USD 9.5 billion in 2022, is projected to grow at a CAGR of 5.5% to reach USD 13.2 billion by 2028. The market’s robust growth is attributed to advancements in imaging technologies, the rising global disease burden, and expanded applications of ultrasound systems in early diagnosis and treatment planning.
Over the past two decades, ultrasound imaging techniques have seen significant evolution, with innovations in engineering methods aimed at overcoming traditional challenges such as data loss, poor image resolution, and limited uniformity. These advancements are driving the adoption of next-generation ultrasound systems in diagnostic and therapeutic applications across the healthcare sector.
The market is also benefiting from the increasing prevalence of chronic diseases such as cancer, cardiovascular disorders, and neurodegenerative conditions. Ultrasound systems are playing a pivotal role in the early detection and management of these conditions, enabling timely interventions and improving patient outcomes. Additionally, government initiatives aimed at reducing maternal and infant mortality through awareness programs are further fueling demand for ultrasound imaging, especially in prenatal care and disease prevention.
Full Report Revealed – https://www.futuremarketinsights.com/reports/ultrasound-systems-market
Key Takeaways:
- Market Growth: The ultrasound systems market is anticipated to grow from USD 9.5 billion in 2022 to USD 13.2 billion by 2028, at a CAGR of 5.5%.
- Technological Advancements: Innovations in imaging architecture are addressing limitations in data accuracy, resolution, and uniformity.
- Chronic Disease Focus: Rising cases of cancer, cardiovascular, and neurodegenerative disorders are driving adoption for early diagnosis and treatment planning.
- Global Health Initiatives: Collaborative efforts by governments to combat maternal and infant mortality are contributing to market expansion.
The ultrasound systems market is positioned for sustained growth, propelled by technological advancements and its critical role in shaping the future of diagnostic imaging and patient care.
Growth Drivers
- Technological Advancements: Continuous improvements in ultrasound imaging techniques, including enhanced resolution and reduced data loss, are making these systems more effective and reliable for diagnostic purposes.
- Rising Incidence of Chronic Diseases: The growing prevalence of chronic conditions such as cancer, cardiovascular disorders, and neurodegenerative diseases is increasing the demand for ultrasound systems for early diagnosis and management.
- Importance in Maternal and Infant Care: Ultrasound plays a crucial role in monitoring pregnancy and fetal development, contributing to efforts aimed at reducing maternal and infant mortality rates through increased awareness and accessibility.
- Non-Invasive Nature of Ultrasound: The non-invasive characteristics of ultrasound imaging make it a preferred choice for many diagnostic applications, further propelling its adoption.
Regional Insights
- North America is expected to hold a significant share of the market due to advanced healthcare infrastructure and high healthcare spending.
- The Asia-Pacific region is anticipated to witness substantial growth driven by increasing healthcare investments and rising patient populations requiring diagnostic services.
Competitive Landscape
Key players in the ultrasound systems market utilize strategies involving production and development of revised product portfolio and new product launch, industry expansions aimed at enhancing their business operations and existing services, acquisitions of major health businesses to rapidly grow their core offerings, and making distribution agreements with branded pharmaceutical manufacturers to engage larger consumer base.
- In September 2021, GE Healthcare confirmed plans to acquire ultrasound innovator BK Medical to boost its precision health presence globally.
- In January 2020, Siemens Healthineers India launched ACUSON Redwood Ultrasound System at Indian Radiological & Imaging Association (IRIA). The system is built on the company’s new platform architecture and features advanced applications for greater clinical confidence, AI-powered tools for smart workflows and has shared services cardiology features used by different hospital departments.
Similarly, recent developments related to companies manufacturing ultrasound systems market services and technologies have been tracked by the team at Future Market Insights, which are available in the full report.
Key Companies Profiled
GE Company; Fujifilm Holdings Corporation; Siemens AG; Koninklijke Philips N.V.; Toshiba Medical System Corp.; Hitachi Medical Corp.; Mindray Medical International Ltd; FUJIFILM Holdings Corporation; Samsung Medison Co., Ltd; Esaote SpA; Others
Key Market Segments Covered in Ultrasound systems Market Research
By Modality:
- Cart/Trolley Based
- Compact/Hand Held
By Application:
- Radiology
- Obstetrics & Gynaecology
- Cardiology
- Gastroenterology
- Others
By End User:
- Hospitals & Clinics
- Diagnostic Imaging & Surgical Centers
- ASCs
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- MEA
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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