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Global Ultrasound Device Market to reach USD 13.57 billion by 2028.

Global Ultrasound Device Market to reach USD 13.57 billion by 2028.

Product Code: EESC-86558203
Publish Date: 15-02-2022
Page: 200

Global Ultrasound Device Market is valued approximately USD 9.77 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.80 % over the forecast period 2022-2028. Ultrasound Device is a machine which helps make images which organs inside the body can be examined. This device sends out the high-frequency waves of sound which reflects off body structures. And then a computer receives the waves and then use to create a picture. Increase in prevalence of chronic diseases and rising geriatric population to accelerate the market of ultrasound device market. For instance: as per the CDC, there were more than 900 million physician office visits, 155 million emergency department visits and 45 million outpatient surgeries were performed in U.S. Also, with the increasing government initiatives the adoption & demand for Ultrasound Device is likely to increase the market growth during the forecast period. However, high costs of ultrasound devices impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Ultrasound Device market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the significant region across the world in terms of market share owing to the high adoption of ultrasound imaging devices and well-equipped healthcare facility in the region leads to the adoption of ultrasound device market in North America. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate / CAGR over the forecast period 2022-2028. Factors such as rising disposable income, rising incidences of injuries and improving healthcare infrastructure would create lucrative growth prospects for the Ultrasound Device market across Asia-Pacific region.

Major market player included in this report are:
GE Healthcare
Hitachi, Ltd.
Trivitron Healthcare
Hologic Inc.
Siemens Healthcare GmbH
FUJIFILM Corporation
Koninklijke Philips N.V.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Outlook:
Diagnostic Ultrasound Devices
Therapeutic Ultrasound Devices
By Portability Outlook:
By Application Outlook:
General Imaging
By End-use Outlook:
Imaging Centres
Research Centres
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Ultrasound Device Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Ultrasound Device Market, by Region, 2020-2028 (USD Billion)
1.2.2. Ultrasound Device Market, by Product Outlook, 2020-2028 (USD Billion)
1.2.3. Ultrasound Device Market, by Portability Outlook, 2020-2028 (USD Billion)
1.2.4. Ultrasound Device Market, by Application Outlook, 2020-2028 (USD Billion)
1.2.5. Ultrasound Device Market, by End-use Outlook, 2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Ultrasound Device Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Ultrasound Device Market Dynamics
3.1. Ultrasound Device Market Impact Analysis (2020-2028)
3.1.1. Market Drivers Increasing geriatric population
3.1.2. Market Challenges High cost of ultrasound devices
3.1.3. Market Opportunities Increasing government initiatives
Chapter 4. Global Ultrasound Device Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2019-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 market scenario
Chapter 6. Global Ultrasound Device Market, by Product Outlook
6.1. Market Snapshot
6.2. Global Ultrasound Device Market by Product Outlook, Performance – Potential Analysis
6.3. Global Ultrasound Device Market Estimates & Forecasts by Product Outlook 2019-2028 (USD Billion)
6.4. Ultrasound Device Market, Sub Segment Analysis
6.4.1. Diagnostic Ultrasound Devices
6.4.2. Therapeutic Ultrasound Devices
Chapter 7. Global Ultrasound Device Market, by Portability Outlook
7.1. Market Snapshot
7.2. Global Ultrasound Device Market by Portability Outlook, Performance – Potential Analysis
7.3. Global Ultrasound Device Market Estimates & Forecasts by Portability Outlook 2019-2028 (USD Billion)
7.4. Ultrasound Device Market, Sub Segment Analysis
7.4.1. Handheld
7.4.2. Cart/Trolley
Chapter 8. Global Ultrasound Device Market, by Application Outlook
8.1. Market Snapshot
8.2. Global Ultrasound Device Market by Application Outlook, Performance – Potential Analysis
8.3. Global Ultrasound Device Market Estimates & Forecasts by Application Outlook 2019-2028 (USD Billion)
8.4. Ultrasound Device Market, Sub Segment Analysis
8.4.1. Cardiology
8.4.2. Obstetrics/Gynaecology
8.4.3. Vascular
8.4.4. Orthopedics
8.4.5. General Imaging
Chapter 9. Global Ultrasound Device Market, by End-use Outlook
9.1. Market Snapshot
9.2. Global Ultrasound Device Market by End-use Outlook, Performance – Potential Analysis
9.3. Global Ultrasound Device Market Estimates & Forecasts by End-use Outlook 2019-2028 (USD Billion)
9.4. Ultrasound Device Market, Sub Segment Analysis
9.4.1. Hospitals
9.4.2. Imaging Centres
9.4.3. Research Centres
Chapter 10. Global Ultrasound Device Market, Regional Analysis
10.1. Ultrasound Device Market, Regional Market Snapshot
10.2. North America Ultrasound Device Market
10.2.1. U.S. Ultrasound Device Market Product Outlook breakdown estimates & forecasts, 2019-2028 Portability Outlook breakdown estimates & forecasts, 2019-2028 Application Outlook breakdown estimates & forecasts, 2019-2028 End-use Outlook breakdown estimates & forecasts, 2019-2028
10.2.2. Canada Ultrasound Device Market
10.3. Europe Ultrasound Device Market Snapshot
10.3.1. U.K. Ultrasound Device Market
10.3.2. Germany Ultrasound Device Market
10.3.3. France Ultrasound Device Market
10.3.4. Spain Ultrasound Device Market
10.3.5. Italy Ultrasound Device Market
10.3.6. Rest of Europe Ultrasound Device Market
10.4. Asia-Pacific Ultrasound Device Market Snapshot
10.4.1. China Ultrasound Device Market
10.4.2. India Ultrasound Device Market
10.4.3. Japan Ultrasound Device Market
10.4.4. Australia Ultrasound Device Market
10.4.5. South Korea Ultrasound Device Market
10.4.6. Rest of Asia Pacific Ultrasound Device Market
10.5. Latin America Ultrasound Device Market Snapshot
10.5.1. Brazil Ultrasound Device Market
10.5.2. Mexico Ultrasound Device Market
10.6. Rest of The World Ultrasound Device Market

Chapter 11. Competitive Intelligence
11.1. Top Market Strategies
11.2. Company Profiles
11.2.1. GE Healthcare Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
11.2.2. Hitachi, Ltd.
11.2.3. Trivitron Healthcare
11.2.4. Hologic Inc.
11.2.5. Siemens Healthcare GmbH
11.2.6. ESAOTE SPA
11.2.8. FUJIFILM Corporation
11.2.10. Koninklijke Philips N.V.
Chapter 12. Research Process
12.1. Research Process
12.1.1. Data Mining
12.1.2. Analysis
12.1.3. Market Estimation
12.1.4. Validation
12.1.5. Publishing
12.2. Research Attributes
12.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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