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Global Ultrasound Equipment Market Size, Share, Price, Trends: By Technology: Diagnostic Ultrasound, Therapeutic Ultrasound; By Device Display: Colour Ultrasound, B/W Ultrasound; By Portability; By Application; By End Use; Regional Analysis; Market Dynamics; Competitive Landscape; Industry Events and Developments; 2022-2027

Global Ultrasound Equipment Market Outlook

The global ultrasound equipment market size reached a value of about USD 7.72 billion in 2021. The market is likely to grow at a CAGR of roughly 6.9% between 2022-2027. The market value will be around USD 11.52 billion by 2027.

 

News and Developments in the Market

In March 2022, North-western Medicine and Google announced their collaboration to provide foetal ultrasound equipment to developing countries. They will be combining artificial intelligence with a cost-effective handheld device and a smartphone.

 

The aim of the product is easy to access and in-home usage for assessing the foetus. The artificial intelligence will be designed to analyse the images of professionals or pregnant people.

 

It is recommended by World Health Organisation that an ultrasound check-up should be done within 24 weeks of pregnancy. The increasing awareness will make people adopt handheld machines for regular check-ups of the foetus and add further growth to the ultrasound equipment market.

 

In March 2022, Wipro GE Healthcare announced a new manufacturing plant in India, with an investment of over INR 100 crores. The new plant of Wipro GE aims to boost the availability of medical devices by manufacturing them locally.

 

It is set up to provide 24/7 manufacturing of devices like CT machines, Ultrasound Devices, cathlab devices, and ventilators, among others. With the increased availability of equipment, the number of services in healthcare centres will rise. It will help Wipro GE increase its ultrasound equipment market share.

 

In November 2021, Canon Medical announced that they would be supporting the iLead (innovative Liver, Elasticity, Attenuation and Dispersion) study. The study aims to evaluate by comparing quantitative ultrasound imaging tools and liver biopsy. The study involved non-invasive and safe tools available in the Aplio Liver package provided by Canon Medical.

 

The invasive procedures tend to be costly, creating financial complications, which in turn propels the development of non-invasive ultrasound tools. The Aplio system now consists of three technologies providing imaging of the liver in a daily routine.

 

The Rising Cases of Chronic Diseases, Rapid Technological Development, and Increased Government to be Among the Major Factors Propelling the Market Growth

Ultrasound machines use high-frequency sound waves, sending them in the body, which reflects off the body parts. The computer then receives the feedback to form an image of the organs inside. The images are used to examine body parts like the heart, liver, kidney, and abdomen, among others, to diagnose chronic disorders.

 

The major market trends aiding the market growth include the following:

  • The cases of chronic diseases are increasing worldwide, increasing the importance of ultrasound. It helps diagnose any possible disorders in the body's internal organs.
  • It is also utilised to examine the development of a foetus. This rising prevalence of diseases and demand for diagnosis is a key driver for the growth of the global ultrasound equipment market.
  • The technology is developing rapidly and helping physicians perform better diagnoses with the implementation of artificial intelligence. Companies are raising their focus in the development of new technologies, and this can further propel the ultrasound equipment market development.
  • Governments are aiming to improve healthcare by increasing the funding for research and development and collaboration between private organisations sectors.
  • Through this collaborative effort, new products, novel medications, and advanced machines will be launched in the market. And with the help of innovative advertisement, the awareness about these products among people is rising. Thus, supporting the development of the global ultrasound devices market.

 

Implementation of AI, Developing Health Infrastructure, and Increasing Adoption of Handheld Devices to Offer Significant Growth Opportunities to the Market for Ultrasound Equipment

Enhanced Functionality with AI

With the increasing implementation of Artificial Intelligence in ultrasound equipment, manufacturers are developing new models with improved functionality for easy assessment. This gives the market plenty of opportunities for development.

 

Rising Infrastructure in Developing Countries

The developing nations are bolstering their healthcare infrastructure, noticing the rising prevalence of diseases and lacking equipment. This presents the established players with great opportunities to expand their influence, while strengthening their position in the market.

 

Portable and Handheld Devices Rising in Popularity

With increasing awareness among people for early diagnosis and periodic check-ups during pregnancy, handheld devices will witness growth in the ultrasound equipment market. This rise will create new opportunities for this segment in the market.

 

Hardware Failure, Prior Medical Training, Costly Equipments to be Some of the Major Factors Impeding the Market Growth

Hardware Failures and Repair Can be Costly

Hardware complications frequently occur in ultrasound devices, especially the complications found in the imaging machine. These issues can halt the work and disturb the work progress. Sometimes the only way to resume work is to replace the piece of hardware.

 

Prior Medical Training for Proper Utilisation

Some degree of training and prior medical knowledge is necessary for properly utilising the equipment to scan the body part. The lack of professionals has been a major challenge for the growth of the global ultrasound equipment industry.

 

Costly Novel Ultrasound Technologies

The ultrasound equipment is advancing in technology, which is affecting the price to rise significantly. Small healthcare providers are more likely to purchase refurbished equipment as the new equipment’s cost can be hefty to afford.

 

Global Ultrasound Equipment Market Analysis

The ultrasound equipment market can be analysed on the basis of technology, device display, probability, applications, end uses, and major regions.

 

Based on technology, the market can be segmented into therapeutic and diagnostic ultrasound. Among these, the therapeutic ultrasound segment can be divided further into extracorporeal shockwave lithotripsy (ESWL) and high-intensity focused ultrasound (HIFU). On the other hand, the diagnostic ultrasound can be further divided into 2D, 3D, 4D ultrasound, and doppler ultrasound.

 

By device display, the market can be segmented into colour ultrasound and black and white ultrasound. Based on probability, the market segments include point-of-care (POC) ultrasound systems, trolley/cart-based ultrasound systems, and compact/handheld ultrasound systems.

 

Based on application, the market segments include radiology/general imaging, obstetrics/gynaecology, cardiology, urology, vascular, orthopaedic and musculoskeletal, and pain management, among others.

 

The end-users in the market include maternity centres, hospitals, ambulatory care centres, surgical and diagnostic centres, research and academics, among others. The regional markets include Asia Pacific, Europe, North America, Latin America, and Middle East and Africa.

 

The extensive EMR report provides a detailed assessment of the market by following the Porter's five forces model and provides a SWOT analysis. The market report offers a detailed analysis of the leading companies in the ultrasound equipment industry. It also covers their competitive landscape and the latest developments including mergers, acquisitions, investments, and expansion plans.

 

  • Koninklijke Philips N.V.
  • GE Healthcare
  • Hitachi, Ltd.
  • Siemens Healthineers AG
  • FUJIFILM Holdings Corporation
  • Hologic, Inc.
  • Canon Medical Systems Corporation
  • Medgyn Products, Inc.
  • Others

 

Major Technologies Include Diagnostic Ultrasound and Therapeutic Ultrasound

The market segments, based on technology, include diagnostic ultrasound and therapeutic ultrasound. The ultrasound equipment technology has developed significantly and is being applied in a broad spectrum of conditions, providing higher definition images. With the pandemic shaking the healthcare infrastructure, the importance of early diagnosis has grown, propelling the ultrasound equipment market development.

 

The diagnostic ultrasound sends sound waves in the body and records the feedback to create an image of the structure within the body. It is the most common method of ultrasound diagnosis and is very helpful in identifying abnormalities for treatment. It is likely to improve the value of the ultrasound equipment market forecast. There are further divisions in this segment, including 2D ultrasound, Doppler ultrasound, and 3D and 4D ultrasound.

 

The therapeutic ultrasound technology is applied in physiotherapy to relieve pain and accelerate healing of tissues. The therapeutic ultrasound treatment can treat sports injuries and joint pain. This segment can be further divided into high-intensity focused ultrasound (HIFU) and extracorporeal shockwave lithotripsy (ESWL). The increasing adoption of ultrasound technologies for multiple applications can enhance the market size.

 

The Device Display Types Include Black and White Ultrasound and Colour Ultrasound

By device display, the segments include colour ultrasound and black and white ultrasound. The colour display segment in the market will grow faster as it helps quantitatively compare regions due to the increased image quality. The black and white ultrasound display is generally used to observe a developing foetus, muscles and tendons, and internal organs.

 

Trolley/Cart-Based Ultrasound Systems, Point-of-Care (POC), and Compact/Handheld Ultrasound Systems are the Segments Based on Probability

Based on probability, the market can be segmented into trolley/cart-based ultrasound systems, point-of-care (POC), compact/handheld ultrasound systems. The trolley/cart-based ultrasound system segment is expected to account for a significant share of the market. It is widely being adopted by medical service providers and hospitals for emergency situations. The compact/handheld segment is projecting the most growth potential due to the flexibility they provide with diagnosis and instant results.

 

Many major manufacturers have started developing and delivering the equipment to the market. The handheld and portable are much more affordable than the standard machines and are way less bulky. This makes it practical for independent practitioners, physicians, and specialists to buy.

 

With the increasing prevalence of trained professionals, the market for this segment is expected to proliferate. Point-of-care ultrasound is a diagnosis performed by physicians or specialists at the bedside, ambulance, or wherever the patient is. It is standard practice for emergency situations, obstetric, musculoskeletal treatment, and other situations where the patient may be unable to move.

 

Ultrasound Equipment is Used in Radiology/General Imaging, Obstetrics/Gynaecology, Cardiology, Urology, Vascular, Orthopaedic, Musculoskeletal, and Pain Management

The segments of applications in the market include radiology/general imaging, obstetrics/gynaecology, cardiology, urology, vascular, orthopaedic, musculoskeletal, and pain management, among others. Ultrasound equipment in radiology/general imaging takes multiple images of internal body parts, allowing doctors to analyse and treat the disease. The imaging is done several times, allowing proper treatment and medicine administration planning.

 

The growing cases of chronic diseases is expected to increase the demand for imaging while propelling the market growth. The obstetric/gynaecology segment uses ultrasound equipment to capture pictures of the foetus in a pregnant woman. The latest advancements in ultrasound make it possible for physicians to assess the development of the foetus more accurately.

 

Ultrasound assessment is recommended by WHO to ensure proper care during the development of the baby. The rising awareness among people for diagnosis and assessment can aid the ultrasound equipment market expansion. The cardiology, urology, vascular, orthopaedic, musculoskeletal, and pain management segment.

 

The Equipment Finds End-Uses in Hospitals, Surgical Centres, Diagnostic Centres, Maternity Centres, Ambulatory Care Centres, Research and Academics

Hospitals are the leading end-users owing to the rising number of patients. The emerging nations are developing their health infrastructure and healthcare facilities, and this will raise the demand further. They use the ultrasound equipment for various purposes from diagnosis to therapeutic applications and sterilisation.

 

Diagnosis centres and maternity centres are growing in number, and it is rising steadily as a user. This rise is due to the growing awareness among people for early assessment and increasing prevalence of chronic diseases.

 

Institutes are increasing the utilisation of ultrasound as the technology advances. The implementation of ultrasound can drastically improve the accuracy of data collected for research and academics.

 

With the growing prevalence of chronic disorders and developing society the need for fast medical service is crucial. To support the need, ambulatory care centres have started utilising portable ultrasound equipment for better care of patients.

 

Surgical centres use ultrasound for minimally non-invasive operations. The whole procedure is carried out with the help of ultrasound imaging. Although, a certain level experience is required in endoscopic procedures before operating with this method.

 

Major Regional Markets Covered in the Global Ultrasound Equipment Market Report

The regional markets for the product include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The market for ultrasound has been growing in North America. The growth can be attributed to the early adoption of advanced technologies and the increasing prevalence of chronic diseases.

 

The government is taking initiatives to provide safe and cost-effective equipment with new and favourable policies to promote awareness of timely assessment.

 

The demand is rising rapidly, compelling the emerging nations to increase their emphasis on improving their healthcare infrastructure. Furthermore, COVID-19 has shaken the healthcare infrastructure of multiple countries. Due to that, governments are increasing funding for research and development to solidify their infrastructure.

 

China is considered a significant manufacturer of ultrasound devices, providing cost-effective equipment. The ultrasound equipment market in India is developing rapidly due to the focus on research and development. Major players like Siemens Healthcare, FUJIFILM, and more, are establishing plants in India, looking at the untapped market opportunities.

 

Technological advancements and innovations for portable machines and improved image quality are increasing the utilisation of the product. They are crucial in carrying out a better treatment plan for patients, which is why their demand is rising and aiding the global ultrasound equipment market.

 

Competitive Landscape

GE Healthcare is a market leader in innovating medical technology and diagnostics. The advanced machines and services enable the clinicians to work faster and create a better treatment plan for the patient. They develop various equipment for imaging, ultrasound, ventilators, and ECG diagnosis, among many others. They are also providing management and visualisation services.

 

Koninklijke Philips N.V. is a technology company engaging in multiple fields like healthcare, household electronics, and lighting to improve pe. They provide a wide variety of equipment for diagnosis, including radiography, ultrasound, imaging, and monitoring, among other services.

 

Canon Medical Systems Corporation is a multinational company leading in the market for healthcare technology. They are one of the significant companies incorporating AI and Deep learning for diagnosis and medicine. Their products include machines for CT scans, ultrasound, and x-ray, among others. The implementation of Ai and Deep learning will propel the market growth further.

 

Hitachi, Ltd. is a Japanese multinational company. It has provided people with innovative digital solutions for smart life, healthcare, industry, energy, and IT. Hitachi collaborates with various partners and implements technologies from different sectors to deliver healthcare services. Their products include radiation therapy, in-vitro diagnosis, and regenerative medicine.

 

Siemens Healthineers AG is a leading medical technology company based in Germany. Their products and services include medical imaging from mammography, radiography, ultrasound, and urology, among others.

 

Hologic Inc. is a healthcare company specialising in women's healthcare. They provide multiple products for women's healthcare like breast, gynaecological, and skeletal health, among others.

 

FUJIFILM Holdings Corporation is a multinational company based in Japan. It is engaged in imaging and other technologies for diverse industries like healthcare, photography, optics, and printing, among many others.

 

Medgyn Products, Inc. is a MedTech company that manufactures and distributes medical devices and machines for women's healthcare. Their products include a colposcope, portable ultrasound device, and image and data management system, among others.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2021
Historical Period 2017-2021
Forecast Period 2022-2027
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Technology
  • Device Display
  • Portability
  • Application
  • End Use
  • Region
Breakup by Technology
  • Diagnostic Ultrasound
    • 2D Ultrasound
    • 3D and 4D Ultrasound
    • Doppler Ultrasound
  • Therapeutic Ultrasound
    • High-Intensity Focused Ultrasound (HIFU)
    • Extracorporeal Shockwave Lithotripsy (ESWL)
Breakup by Device Display
  • Colour Ultrasound
  • B/W Ultrasound
Breakup by Portability
  • Trolley/Cart-based Ultrasound Systems
  • Compact/Handheld Ultrasound Systems
  • Point-of-care (PoC) Ultrasound Systems
Breakup by Application
  • Radiology/General Imaging
  • Obstetrics/Gynecology
  • Cardiology
  • Urology
  • Vascular
  • Orthopaedic and Musculoskeletal
  • Pain Management
  • Others
Breakup by End Use
  • Hospitals, Surgical Centres, and Diagnostic Centres
  • Maternity Centres
  • Ambulatory Care Centres
  • Research and Academics
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • GE Healthcare
  • Koninklijke Philips N.V. 
  • Canon Medical Systems Corporation
  • Hitachi, Ltd.
  • Siemens Healthineers AG
  • Hologic, Inc.
  • FUJIFILM Holdings Corporation
  • Medgyn Products, Inc.
  • Others

 

*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface 
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions   
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments  
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Region
7    Industry Opportunities and Challenges  
8    Global Ultrasound Equipment Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Ultrasound Equipment Historical Market (2017-2021) 
    8.3    Global Ultrasound Equipment Market Forecast (2022-2027)
    8.4    Global Ultrasound Equipment Market by Technology
        8.4.1    Diagnostic Ultrasound
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
            8.4.1.4    Breakup by Diagnostic Ultrasound Type
                8.4.1.4.1    2D Ultrasound
                8.4.1.4.2    3D and 4D Ultrasound
                8.4.1.4.3    Doppler Ultrasound
        8.4.2    Therapeutic Ultrasound
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
            8.4.2.4    Breakup by Therapeutic Ultrasound Type
                8.4.2.4.1    High-Intensity Focused Ultrasound (HIFU)
                8.4.2.4.2    Extracorporeal Shockwave Lithotripsy (ESWL)
    8.5    Global Ultrasound Equipment Market by Device Display
        8.5.1    Colour Ultrasound
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    B/W Ultrasound
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    8.6    Global Ultrasound Equipment Market by Portability
        8.6.1    Trolley/Cart-based Ultrasound Systems
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Compact/Handheld Ultrasound Systems
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Point-of-care (PoC) Ultrasound Systems
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
    8.7    Global Ultrasound Equipment Market by Application
        8.7.1    Radiology/General Imaging 
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2017-2021)
            8.7.1.3    Forecast Trend (2022-2027)
        8.7.2    Obstetrics/Gynecology 
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2017-2021)
            8.7.2.3    Forecast Trend (2022-2027)
        8.7.3    Cardiology 
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2017-2021)
            8.7.3.3    Forecast Trend (2022-2027)
        8.7.4    Urology
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2017-2021)
            8.7.4.3    Forecast Trend (2022-2027)
        8.7.5    Vascular 
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2017-2021)
            8.7.5.3    Forecast Trend (2022-2027)
        8.7.6    Orthopaedic and Musculoskeletal 
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2017-2021)
            8.7.6.3    Forecast Trend (2022-2027)
        8.7.7    Pain Management 
            8.7.7.1    Market Share
            8.7.7.2    Historical Trend (2017-2021)
            8.7.7.3    Forecast Trend (2022-2027)
        8.7.8    Others
    8.8    Global Ultrasound Equipment Market by End Use
        8.8.1    Hospitals, Surgical Centres, and Diagnostic Centres
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2017-2021)
            8.8.1.3    Forecast Trend (2022-2027)
        8.8.2    Maternity Centres
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2017-2021)
            8.8.2.3    Forecast Trend (2022-2027)
        8.8.3    Ambulatory Care Centres
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2017-2021)
            8.8.3.3    Forecast Trend (2022-2027)
        8.8.4    Research and Academics
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2017-2021)
            8.8.4.3    Forecast Trend (2022-2027)
        8.8.5    Others
    8.9    Global Ultrasound Equipment Market by Region
        8.9.1    Market Share
            8.9.1.1    North America
            8.9.1.2    Europe
            8.9.1.3    Asia Pacific
            8.9.1.4    Latin America
            8.9.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Trade Data Analysis (HS Code – 901812)
    11.1    Major importing countries 
        11.1.1    By Value
        11.1.2    By Volume
    11.2    Major Exporting Countries 
        11.2.1    By Value
        11.2.2    By Volume
12    Competitive Landscape
    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    GE Healthcare
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Koninklijke Philips N.V. 
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Canon Medical Systems Corporation
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Hitachi, Ltd.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Siemens Healthineers AG
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Hologic, Inc.
            12.2.6.1    Company Overview
            12.2.6.2    Product Portfolio
            12.2.6.3    Demographic Reach and Achievements
            12.2.6.4    Certifications
        12.2.7    FUJIFILM Holdings Corporation
            12.2.7.1    Company Overview
            12.2.7.2    Product Portfolio
            12.2.7.3    Demographic Reach and Achievements
            12.2.7.4    Certifications
        12.2.8    Medgyn Products, Inc.
            12.2.8.1    Company Overview
            12.2.8.2    Product Portfolio
            12.2.8.3    Demographic Reach and Achievements
            12.2.8.4    Certifications
        12.2.9    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Ultrasound Equipment Market: Key Industry Highlights, 2017 and 2027
2.    Global Ultrasound Equipment Historical Market: Breakup by Technology (USD Billion), 2017-2021
3.    Global Ultrasound Equipment Market Forecast: Breakup by Technology (USD Billion), 2022-2027
4.    Global Ultrasound Equipment Historical Market: Breakup by Device Display (USD Billion), 2017-2021
5.    Global Ultrasound Equipment Market Forecast: Breakup by Device Display (USD Billion), 2022-2027
6.    Global Ultrasound Equipment Historical Market: Breakup by Portability (USD Billion), 2017-2021
7.    Global Ultrasound Equipment Market Forecast: Breakup by Portability (USD Billion), 2022-2027
8.    Global Ultrasound Equipment Historical Market: Breakup by Application (USD Billion), 2017-2021
9.    Global Ultrasound Equipment Market Forecast: Breakup by Application (USD Billion), 2022-2027
10.    Global Ultrasound Equipment Historical Market: Breakup by End Use (USD Billion), 2017-2021
11.    Global Ultrasound Equipment Market Forecast: Breakup by End Use (USD Billion), 2022-2027
12.    Global Ultrasound Equipment Historical Market: Breakup by Region (USD Billion), 2017-2021
13.    Global Ultrasound Equipment Market Forecast: Breakup by Region (USD Billion), 2022-2027
14.    North America Ultrasound Equipment Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    North America Ultrasound Equipment Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Europe Ultrasound Equipment Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Europe Ultrasound Equipment Market Forecast: Breakup by Country (USD Billion), 2022-2027
18.    Asia Pacific Ultrasound Equipment Historical Market: Breakup by Country (USD Billion), 2017-2021
19.    Asia Pacific Ultrasound Equipment Market Forecast: Breakup by Country (USD Billion), 2022-2027
20.    Latin America Ultrasound Equipment Historical Market: Breakup by Country (USD Billion), 2017-2021
21.    Latin America Ultrasound Equipment Market Forecast: Breakup by Country (USD Billion), 2022-2027
22.    Middle East and Africa Ultrasound Equipment Historical Market: Breakup by Country (USD Billion), 2017-2021
23.    Middle East and Africa Ultrasound Equipment Market Forecast: Breakup by Country (USD Billion), 2022-2027
24.    Major Importing Countries by Value
25.    Major Exporting Countries by Value
26.    Major Importing Countries by Volume
27.    Major Exporting Countries by Volume
28.    Global Ultrasound Equipment Market Structure.

Key Questions Answered in the Report

In 2021, the global market for ultrasound equipment attained a value of nearly USD 7.72 billion.

The market is expected to expand at a CAGR of 6.9% in the period of 2022 and 2027.

The market is estimated to experience healthy growth to reach USD 11.52 billion by 2027.

The rising number of people with organ disorders and the increasing elder population are the main drivers of the industry.

Government initiatives for better healthcare infrastructure and rising demand for 2D and 3D/4D diagnostic equipment.

The major regions in the industry are North America, Latin America, the Middle East, Africa, Europe, and the Asia Pacific, with North America as the leading market region.

Diagnostic ultrasound and therapeutic ultrasound are the technologies in the market.

The device display in the market is a colour ultrasound, and black and white ultrasound.

The probability segment includes trolley/cart-based ultrasound systems, compact/handheld ultrasound systems, and point-of-care (POC) ultrasound systems.

The applications in the market include radiology/general imaging, obstetrics/gynaecology, cardiology, urology, vascular, orthopaedic, and musculoskeletal, and pain management, among others.

The end-users in the market are hospitals, surgical centres, diagnostic centres, maternity centres, ambulatory care centres, and research and academics, among others.

The major players in the industry include GE Healthcare, Koninklijke Philips N.V., Canon Medical Systems Corporation, Hitachi, Ltd., Siemens Healthineers AG, Hologic, Inc., FUJIFILM Holdings Corporation, and Medgyn Products, Inc., among others.

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