Portable Ultrasound Revolution Comes as a Shot in the Arm for the Global Medical Ultrasound Equipment Market

Expanding clinical utility, technology advancements, and increasing affordability of handheld, point of care ultrasound systems are poised to drive the global market for Medical Ultrasound Equipment to reach US$8.8 billion by 2024.

Medical ultrasound, also known as sonography or ultrasonography is a diagnostic imaging technique involving the use of high frequency sound waves to view the organs and structures inside the body.  The modality is today considered one of the most widely used medical imaging techniques worldwide for diagnosing and imaging various structural deformities and anatomical abnormalities. Demand for medical ultrasound equipment worldwide is spurred by expanding clinical utility and availability of high quality solutions. Factors, such as aging population, shift from X-ray and CT due to radiation concerns towards ultrasound, and technological advancements are enabling ultrasound equipment maintain a positive growth momentum. Future growth in ultrasound equipment market would also be driven by the strong demand for portable ultrasound devices, and increasing demand from clinical applications that require point-of-care (POC) imaging. Growth is further expected to be spearheaded by 3D /4D ultrasound imaging, which provides benefits, such as sharper images, low cost and minimal radiation as compared to the other imaging modalities.

Ultrasound has emerged as an important tool for treatment planning for trauma patients in emergency situations, and also offers image guidance while performing procedures such as biopsies and regional anesthesia. As ultrasound systems for point of care become affordable, lighter, more accessible, and easier to use, their adoption is expected to increase significantly in future. Technology trends dominating the new product launches include incorporation of artificial intelligence capabilities, introduction of compact handheld ultrasound systems, and improved device ergonomics. The ultrasound market is now abuzz with innovations such as automated ultrasound scanning, tissue harmonic imaging, 3D/4D imaging, color doppler imaging, ultrasound elastography, Contrast-Enhanced Ultrasound (CEUS) imaging and wireless, cable-free transducers and tablet-based ultrasound systems.

As stated by the new market research report on Medical Ultrasound Equipment, Asia-Pacific represents the largest and fastest growing market worldwide. Growth in the region is led by factors such as increasing focus on preventative care, rise in healthcare spending, improving standard of healthcare facilities, and continual shift towards high-end cart-based and compact ultrasound equipment.

Major players in the market include B-K Medical, Esaote SPA, GE Healthcare, Hitachi Healthcare, Mindray Medical International Ltd., Misonix Inc., Nanosonics Ltd., Samsung Medison Co. Ltd., Philips Healthcare, Siemens Healthineers, FUJIFILM SonoSite Inc., and Canon Medical Systems.

The research report titled "Medical Ultrasound Equipment - Market Analysis, Trends, and Forecasts" announced by Global Industry Analysts Inc., provides a comprehensive review of the market trends, growth drivers, technological innovations, mergers, acquisitions, and other strategic industry activities of major and niche players worldwide. The report provides market size estimates and projections in US dollars for geographic regions, such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia Pacific), The Middle East & Africa, and Latin America. The report also analyzes the global market for Medical Ultrasound Equipment by Application such as Radiology, Cardiology, Obstetrics/Gynecology, Vascular and Others (includes Breast, Emergency Medicine, Musculoskeletal, Ophthalmic, Transcranial, and Urology).

For enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.

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