Medical Diagnostic & Therapeutic Ultrasound Devices Market Size, Share, Analysis Report

Medical Diagnostic & Therapeutic Ultrasound Devices Market By Technology Analysis (Diagnostic Ultrasound, Therapeutic Ultrasound); By Application Analysis (Radiology/General Imaging, Obstetrics/Gynecology, Cardiology, Vascular, Urology) and By Regional Analysis – Global Forecast by

The Global Medical Diagnostic & Therapeutic Ultrasound Devices Market is expected to be around US$ 10.5 Billion by 2028 and will grow at a CAGR of more than 5% in the given forecast period.

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MARKET SNAPSHOT

Major Players

Study period:

2023-2028

Base Year:

2022

CAGR:

5

Fastest Growing Market:

APAC

Largest Market:

North America

REPORT DESCRIPTION

The diagnostic and therapeutic ultrasound segments include very advanced technologies used for imaging and treating a diversity of clinical situations. The ultrasound imaging modality is an safe non-invasive technique. The medical ultrasound devices market includes devices that contain the projection of cyclic sound waves ranging between 20 kHz – 10 MHz Those waves create various pressures on organic tissues, based totally on the level of frequencies used. Ultrasound has the ability to raise the temperature of a substance while directed in focused waves, and thus also finds healing applications. The ultrasound energy targeted and directed towards undesirable tissue is transmitted harmlessly through the upper layers of tissue and focused handiest at the target area. 
How Big is the Global Medical Diagnostic & Therapeutic Ultrasound Devices Market?
  
The Global Medical Diagnostic & Therapeutic Ultrasound Devices Market is expected to be around US$ 10.5 Billion by 2028 and will grow at a CAGR of more than 5% in the given forecast period
The major driving factors of Global Medical Diagnostic & Therapeutic Ultrasound Devices 
Market are as follows:

 
•    Aging population to drive vascular ultrasound and cardiology  
•    Huge untapped market existing for ultrasound
•    Long  term effects & high costs prevent patients from opting for radiation based imaging method
•    Increase number of healthcare institute and  enhanced healthcare infrastructure
  
The restraining factors of Global Medical Diagnostic & Therapeutic Ultrasound Devices Market are as follows:
 
•     Need experienced and skilled technicians
•    Technical limitation of ultrasound
The Global Medical Diagnostic & Therapeutic Ultrasound Devices Market is segmented on the lines of its technology, application and regional. Technology segment is further classified into diagnostic ultrasound and therapeutic ultrasound. Diagnostic ultrasound is classified into Doppler ultrasound, 2D ultrasound and 3D & 4D ultrasound. Therapeutic ultrasound is classified into High-intensity focused ultrasound and extracorporeal shockwave lithotripsy. Based on application segmentation it covers radiology/general imaging, obstetrics/gynecology, cardiology, vascular, urology and other applications. The Global Medical Diagnostic & Therapeutic Ultrasound Devices Market on geographic segmentation covers various regions such as North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Each geography market is further segmented to provide market revenue for select countries such as the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.
 
This report provides:
 
1) An overview of the global market for Medical Diagnostic & Therapeutic Ultrasound Devices and related technologies.
2) Analyses of global market trends, with data from 2021, estimates for 2022 and 2023, and projections of compound annual growth rates (CAGRs) through 2028.
3) Identifications of new market opportunities and targeted promotional plans for Global Medical Diagnostic & Therapeutic Ultrasound Devices.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry. 
 
REPORT SCOPE: 
 
The scope of the report includes a detailed study of global and regional markets for Global Medical Diagnostic & Therapeutic Ultrasound Devices Market with the reasons given for variations in the growth of the industry in certain regions.
 
The report covers detailed competitive outlook including the market share and company profiles of the key participants operating in the global market. Key players profiled in the report for global diagnostic ultrasound devices market include The global diagnostic ultrasound devices market is led by key market players such as GE Healthcare ,Philips Healthcare , Siemens Healthcare, Esaote Group, Toshiba Medical Systems Corporation , HITACHI-Aloka Medical Corporation , SonoSite, Inc., Misonix, Inc., Ultrasonix Medical Corporation , Zonare Medical Systems, and other players such as Mindray Medical, Terason Corporation, Verathon, Inc., Supersonic Imagine, Analogic Corporation, and TomTec Imaging Systems GMBH.  Key players profiled in the report for global therapeutic ultrasound market includes EDAP TMS, Dornier Medtech, InSightec, Siemens Healthcare, Philips Healthcare, and Misonix, Inc Company profile includes assign such as company summary, financial summary, business strategy and planning, SWOT analysis and current developments. 
The Top Companies Report is intended to provide our buyers with a snapshot of the industry’s most influential players.
  
The Global Medical Diagnostic & Therapeutic Ultrasound Devices Market has been segmented as below:
 
By Technology Analysis

•    Diagnostic Ultrasound
    o    Doppler Ultrasound
    o    2D Ultrasound
    o    3D & 4D Ultrasound
•    Therapeutic Ultrasound
    o    High-intensity Focused Ultrasound
    o    Extracorporeal Shockwave Lithotripsy
 
By Application Analysis

•    Radiology/General Imaging
•    Obstetrics/Gynecology
•    Cardiology
•    Vascular
•    Urology
•    Other Applications 
 
By Regional Analysis

•    North America
•    Europe
•    Asia-Pacific
•    Rest of the World
 
Reasons to Buy this Report: 
 
1) Obtain the most up to date information available on all Global Medical Diagnostic & Therapeutic Ultrasound Devices Market.
2) Identify growth segments and opportunities in the industry.
3) Facilitate decision making on the basis of strong historic and forecast of Global Medical Diagnostic & Therapeutic Ultrasound Devices Market data.
4) Assess your competitor’s refining portfolio and its evolution.
 
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1 INTRODUCTION      

    1.1    Key Take Aways    
    1.2    Report Description    
    1.3    Markets Covered    
    1.4    Stakeholders    
    1.5    Research Methodology    
        1.5.1    Market Size    
        1.5.2    Market Share    
        1.5.3    Key Data Points From Secondary Sources    
        1.5.4    Key Data Points From Primary Sources
 

2 Research Methodology
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Breakdown of Primaries
    2.2 Opportunity Indicators
           2.2.1 Introduction
           2.2.2 Demand-Side Analysis
                    2.2.2.1 Rapid Growth of Aging Population
                    2.2.2.2 Increasing Incidence of Cancer
                    2.2.2.3 Burden of Cardiovascular Diseases (CVDS)
                    2.2.2.4 Birth Rate/Number of Pregnancies
                    2.2.2.5 Healthcare Expenditure Patterns
    2.3 Market Estimation Methodology
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Market Breakdown and Data Triangulation
    2.5 Research Assumptions
           2.5.1 Assumptions

 

3 Executive Summary
    3.1 Introduction
    3.2 Current Market Scenario
    3.3 Conclusion

 

4 Premium Insights
    4.1 Ultrasound: Market Overview
    4.2 Global Market Size, By Technology, 2016—2021, (USD Million)
    4.3 Regional Analysis: Market Size, By Application, 2016 vs 2021 (USD Million)
    4.4 Regional Analysis: Market Size, By End User, 2016 vs 2021 (USD Million)
    4.5 Global Ultrasound Market, By Country (2016–2021)

 

5 Market Overview
    5.1 Introduction
    5.2 Technological Evolution
    5.3 Market Dynamics
           5.3.1 Major Market Drivers
                    5.3.1.1 Technological Advancements
                    5.3.1.2 Increasing Global Prevalence of Targeted Diseases
                    5.3.1.3 Rising Patient Preference for Minimally Invasive Procedures
                    5.3.1.4 Growing Public and Private Investments, Funding, and Grants
                    5.3.1.5 Increasing Birth Rates Especially Emerging Countries
           5.3.2 Major Market Restraints
                    5.3.2.1 Dearth of Skilled and Well-Trained Sonographers
                    5.3.2.2 Stringent Government Regulations
           5.3.3 Key Growth Opportunities
                    5.3.3.1 Expanding Application Horizon of Ultrasound
                    5.3.3.2 Emerging Markets
           5.3.4 Major Market Challenges
                    5.3.4.1 Growing End-User Preference for Refurbished Equipment

 

6 Industry Insights
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Supply Chain Analysis
           6.3.1 Major Stakeholders
           6.3.2 Key Influencers
    6.4 Industry Trends
           6.4.1 Device Miniaturization and Digitalization
           6.4.2 Emergence of Point-Of-Care Ultrasound
           6.4.3 Development of Application-Specific Ultrasound Devices
    6.5 Porter’s Five Forces Analysis
           6.5.1 Threat of New Entrants
           6.5.2 Threat of Substitutes
           6.5.3 Bargaining Power of Suppliers
           6.5.4 Bargaining Power of Buyers
           6.5.5 Intensity of Competitive Rivalry
    6.6 Pricing Trend Analysis
           6.6.1 North America
           6.6.2 Europe
           6.6.3 Asia-Pacific
           6.6.4 Rest of the World

 

7 Ultrasound Market, By Technology
    7.1 Introduction
    7.2 Diagnostic Ultrasound
           7.2.1 2D Ultrasound
           7.2.2 3D and 4D Ultrasound
           7.2.3 Doppler Ultrasound
    7.3 Therapeutic Ultrasound
           7.3.1 High-Intensity Focused Ultrasound (HIFU)
           7.3.2 Extracorporeal Shockwave Lithotripsy (ESWL)

 

8 Ultrasound Market, By Device Display
    8.1 Introduction
    8.2 Color Ultrasound Devices
    8.3 Black and White (B/W) Ultrasound Devices

 

9 Ultrasound Market, By Device Portability
    9.1 Introduction
    9.2 Trolley/Cart-Based Ultrasound Devices
    9.3 Compact/Handheld Ultrasound Devices
           9.3.1 Point-Of-Care (POC) Ultrasound Devices

 

10 Ultrasound Market, By Application
     10.1 Introduction
     10.2 Radiology/General Imaging Applications
     10.3 Obstetrics/Gynecology Applications
     10.4 Cardiology Applications
     10.5 Urology Applications
     10.6 Vascular Applications
     10.7 Other Applications

 

11 Ultrasound Market, By End User
     11.1 Introduction
     11.2 Hospitals and Diagnostic & Surgical Centers
     11.3 Maternity Centers
     11.4 Ambulatory Care Centers
     11.5 Research and Academic Institutes
     11.6 Other End Users

 

12 Ultrasound Market, By Region
     12.1 Introduction
     12.2 North America
             12.2.1 U.S.
             12.2.2 Canada
     12.3 Europe
             12.3.1 Germany
             12.3.2 U.K.
             12.3.3 France
             12.3.4 Rest of Europe
     12.4 Asia-Pacific
             12.4.1 Japan
             12.4.2 China
             12.4.3 India
             12.4.4 Rest of Asia-Pacific
     12.5 Rest of the World

 

13 Competitive Landscape
     13.1 Overview
     13.2 Market Share Analysis
     13.3 Competitive Scenario
             13.3.1 Strategic Benchmarking
     13.4 Recent Developments
             13.4.1 Product Launches, Approvals, and Enhancements
             13.4.2 Agreements, Partnerships, and Collaborations
             13.4.3 Geographic Expansions
             13.4.4 Mergers & Acquisitions
             13.4.5 Other Developments

 

14 Company Profiles
     14.1 Introduction
     14.2 General Electric Company
     14.3 Koninklijke Philips N.V.
     14.4 Toshiba Corporation
     14.5 Siemens AG
     14.6 Hitachi Ltd.
     14.7 Fujifilm Holdings Corporation
     14.8 Samsung Electronics Co. Ltd.
     14.9 Mindray Medical International Ltd.
     14.10 Analogic Corporation
     14.11 Esaote S.P.A.
     14.12 Shimadzu Corporation

The Global Medical Diagnostic & Therapeutic Ultrasound Devices Market has been segmented as below:
By Technology Analysis

•    Diagnostic Ultrasound
    o    Doppler Ultrasound
    o    2D Ultrasound
    o    3D & 4D Ultrasound
•    Therapeutic Ultrasound
    o    High-intensity Focused Ultrasound
    o    Extracorporeal Shockwave Lithotrips
 
By Application Analysis

•    Radiology/General Imaging
•    Obstetrics/Gynecology
•    Cardiology
•    Vascular
•    Urology
•    Other Applications
 
By Regional Analysis

•    North America
•    Europe
•    Asia-Pacific
•    Rest of the World

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The market is expected to grow at a CAGR of 5% during the study period (2023-2028)
The Global Medical Diagnostic & Therapeutic Ultrasound Devices Market is expected to be around US$ 10.50 Billion by 2028.
The segment included in the Medical Diagnostic & Therapeutic Ultrasound Devices Market is Technology and region.
Some key players operating in the Medical Diagnostic & Therapeutic Ultrasound Devices Market include GE Healthcare ,Philips Healthcare , Siemens Healthcare, Esaote Group, Toshiba Medical Systems Corporation , HITACHI-Aloka Medical Corporation , SonoSite, Inc., Misonix, Inc., Ultrasonix Medical Corporation , Zonare Medical Systems.
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