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The global ultrasound devices market was valued at USD 9.79 Billion in 2023. It is expected to grow at a CAGR of 4.24% during the forecast period of 2024-2032 and attain a market value of USD 14.23 Billion by 2032. The market growth is driven by the increased use of ultrasound equipment for diagnostic imaging and treatment, as well as the rising prevalence of chronic and lifestyle illnesses. When compared to other diagnostic imaging technologies, ultrasound is the most cost-effective and fastest diagnostic tool in medical imaging. Since it does not use ionizing radiation or magnetic fields; it is safer than other imaging technologies. Such advantages have a significant impact on the patent activity for these devices.
The Global Ultrasound Devices Patent Landscape Report provides a comprehensive and in-depth analysis of the patents in this growing industry. The key sections captured in the report for ultrasound devices include a thorough examination of the patent portfolios of key players, covering aspects such as the number of patents and types of technologies patented. It includes the latest trends, geographical distribution of patents, top IP player profiles, technological segmentation, and patent valuation associated with ultrasound devices. The breakdown of patents by technical segments is provided, giving more clarity on the specific areas of innovation within ultrasound device technologies.
Patent Valuation Analysis
An evaluation and competitive benchmarking of key members of unique patent families are covered in the analysis for ultrasound device technologies. The important parameters have been taken into consideration including IP document, year of application, number of citations, time to expiry, and jurisdiction associated with Ultrasound Devices.
Analysis of Patent Applications
A comprehensive summary of several patent applications which were filed across different jurisdictions for ultrasound devices and their relative value are covered. The analysis will cover the capital in terms of innovation and innovation type.
Analysis of Granted Patents
Detailed analysis of the granted patents across different jurisdictions for ultrasound devices and their relative value in the IP are covered in the final report.
Ultrasound devices are medical imaging instruments that use high-frequency sound waves to provide real-time visual images of the body's interior. These devices work by sending sound waves via a transducer, which then records the echoes as they bounce off interior structures. The reflected echoes are turned into electrical impulses and then processed to produce detailed images that are presented on a monitor. Ultrasound instruments are frequently utilized for diagnostic purposes, such as assessing organs, tissues, and blood flow, and are critical for applications like prenatal imaging, cardiac assessment, and musculoskeletal evaluation. They are valued for their non-invasiveness and absence of ionizing radiation. Advanced 3D/4D ultrasound systems provide three-dimensional, real-time imaging, whilst Doppler ultrasound instruments assess blood flow and cardiovascular problems. Furthermore, obstetric ultrasonography machines are specially designed for monitoring pregnancy.
Growing Investments in the R&D of Ultrasound Devices are Expected to Boost the Patent Industry Growth
Technological developments such as AI integration and improvement in the accuracy of handheld ultrasound devices have improved the precision and efficiency of diagnosis and imaging of diseases. For instance, the Bill & Melinda Gates Foundation awarded GE HealthCare a grant of more than USD 44 million to develop a user-friendly, AI-assisted ultrasound imaging auto-assessment tool which would help healthcare professionals in handling ultrasound devices without specialized training or experience with ultrasound. Moreover, it can also provide clinical decision information to support more effective obstetric and lung screening ultrasound scans across maternal and foetal care as well as paediatric, and lung health. The utilization of such technologies is anticipated to impact the patent landscape significantly.
Rising Incidences of Chronic Diseases and a Rising Geriatric Population are Expected to Propel the Ultrasound Devices Patent Industry
According to a National Council of Aging study released in October 2023, almost 95% of persons aged 60 and above have at least one chronic ailment, with nearly 80% having two or more. The rising frequency of chronic diseases has increased the demand for healthcare services, including a rise in patient visits, hospital admissions, and surgical procedures. For example, in 2021, the CDC reported that there were more than 1.0 billion physician office visits, 131.3 million emergency department visits, and 41.5 million outpatient procedures performed in the United States. The growing global elderly population and chronic illnesses have increased demand for medical imaging equipment, such as ultrasound, for diagnosis and treatment.
The report will cover the following sections in detail:
Analysis by Product
Analysis by Portability
Analysis by Display
Analysis by Application
The breakup based on product includes diagnostic ultrasound systems and therapeutics ultrasound systems. Diagnostic ultrasound systems are widely used in many medical specialties, including cardiology, radiology, obstetrics, and musculoskeletal imaging. These technologies offer a safe and non-invasive technique to view inside structures. Their versatility makes them vital in a variety of healthcare settings, such as hospitals and clinics.
The United States is one of the leading jurisdictions for ultrasound device patents, having around 296,000+ patents. The presence of big companies, well-established healthcare infrastructure, and advanced research and development activities contributes to the regional patent landscape significantly.
Among the players with ultrasound device patent families, new entrants have been identified, which can be either established companies or startups developing their first technology in the ultrasound devices field. Some of the major companies mentioned in this report (a non-exhaustive list) are as follows:
Established in 1891, Koninklijke Philips NV is a multinational corporation with its headquarters located in Amsterdam, Netherlands. With a focus on healthcare technology to improve patient care and health outcomes, it is a leading innovator in digital patient monitoring devices.
Boston Scientific Inc., headquartered in Marlborough, Massachusetts, is a leading global medical device compan...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other companies include Gen Electric, Samsung Electronics, and Ethicon Ltd., among others.
The ultrasound devices patent report provides information on the intellectual property (IP) position and strategy of key players. This report can help companies and players looking to enter or invest in this field by -
Global Ultrasound Probe Disinfection Market
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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