"We Envision Growth Strategies Most Suited
to Your Business"

Ultrasound Equipment Market to Register a CAGR of 7.5% by 2028; Samsung Medison Launches RS85 Prestige Set to Augment Growth

September 17, 2021 | Healthcare

The global ultrasound equipment market size was USD 7.26 billion in 2020. The market is anticipated to grow from USD 7.80 billion in 2021 to USD 12.93 billion by 2028 at a CAGR of 7.5% in the 2021-2028 period.


This information is provided by Fortune Business Insights™, in its report, titled, Ultrasound Equipment Market Size, Share & COVID-19 Impact Analysis, By Product (Compact, and Table-top), By Application (Radiology, Gynecology, Cardiology, Point of Care, Urology, Surgery, and Others), By End User (Hospitals & Clinics), and Regional Forecast, 2021-2028.”


According to our researchers, the mounting occurrence of chronic conditions as well as the extension of the uses of ultrasound systems are some of the principal aspects that are projected to thrust the growth of the market during the forthcoming years.


COVID-19 Pandemic Set to Impede Sales of Ultrasound Device and Other Medical Gadgets


The global outburst of COVID-19 has resulted in a completely adverse influence on the global market. The pandemic has further created severe interruptions in the supply chain cycle of clinical apparatuses across the world. Among few of the fundamental players working in the ultrasound market have experienced supply chain interventions, particularly from suppliers in brutally impacted developing nations such as India, China, and Brazil, among others.


On the contrary, the production capability of some of the companies has been influenced owing to the inaccessibility of domestically obtained raw materials or fragments.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/ultrasound-equipment-market-100515


Canon Medical Unveils Aplio A-Series at AIUM 2019


Canon Medical Systems USA, Inc. announced the introduction of the Aplio a-series, which is a novel series of ultrasound systems offering elevated performance for numerous medical applications at a reasonable cost.


Moreover, the product line is structured with the ergonomics, imaging, and workflow competencies of the premium ultrasound systems by Canon Medical in notice. The Aplio a-series, which comprises of the a550 and a450, is capable of covering an extensive assortment of medical fragments, right from cardiology to women’s health and also for regular day-to-day superiority.


Growing Occurrence of Chronic Conditions among Geriatric Patients to Support Market Growth


Universally, the increasing occurrence of prolonged ailments has occasioned in an elevation in the demand for healthcare facilities such as surging quantity of patient appointments, hospital admittances, and operative surgeries. For example, in 2019, as per a data report issued by the CDC, there were approximately over 900 million doctor office appointments taken, 155 million registered visits to the emergency department, and nearly 45 million casualty surgical procedures accomplished in the U.S.


Additionally, pooled with the upsurge in the number of geriatric patients worldwide going through chronic conditions, has resulted in considerable growth in the requirement for medical imaging devices comprising of ultrasound equipment intended for identification and treatment courses. This is projected to sustain the ultrasound equipment market growth in the forthcoming years.


Competitive Landscape


Novel Presentations and Acquisitions Set to Bolster Market Growth


The leading and important players in the market frequently come up with proficient tactics that consist of partnership deals, procurement and collaboration strategies, product unveilings, and many more approaches. These strategies boost their position as dominating players and also gains advantage to the other involved corporations as well.


Industry Development



  • December 2020: Samsung Medison launched its RS85 Prestige ultrasound diagnostic solution, which is structured to present proficient scanning performance, at the Radiological Society of North America (RSNA) in 2020, with a motive to fortify its business ranking in the market globally.


List of Key Players Covered in this Market Report



  • GE Healthcare (Chicago, U.S.)

  • Koninklijke Philips N.V. (Amsterdam, Netherlands)

  • CANON MEDICAL SYSTEMS CORPORATION (Tokyo, Japan)

  • Hitachi (Tokyo, Japan)

  • Siemens Healthcare (Erlangen, Germany)

  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (Shenzhen, China)

  • Samsung Medison Co., Ltd. (Suwon-si, South Korea)

  • Esaote (Genoa, Italy)


Further Findings



  • Asia Pacific held the maximum ultrasound equipment market shares and was worth USD 2.82 billion in 2020.

  • Europe is estimated to document a considerable CAGR during the forecast period owing to the broadening patient pool of geriatric population going through prolonged conditions, coupled with the existence of well-established healthcare groundwork in nations such as the U.K., Germany, and other leading countries.  

  • The table-top segment held the maximum market share in 2020 owing to the greater rate of acceptance of table-top equipment in hospitals & clinics along with its moderately lesser cost than compact systems.


Table of Segmentation


















































  ATTRIBUTE



  DETAILS



Study Period



  2017-2028



Base Year



  2020



Forecast Period



  2021-2028



Historical Period



  2017-2019



Unit



  Value (USD billion), and Volume (Units)



Segmentation



  Product; Application; End User; and Region



By Product




  • Compact

  • Table-top



By Application




  • Radiology

  • Gynecology

  • Cardiology

  • Point of Care

  • Urology

  • Surgery

  • Others



By End User


 




  • Hospitals

  • Clinics



By Geography




  • North America (U.S. and Canada)

  • Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)

  • Asia Pacific (China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Rest of Asia Pacific)

  • Latin America (Mexico, Brazil, Colombia, Argentina, and Rest of Latin America)

  • Middle East & Africa (Turkey, Saudi Arabia, UAE, and Rest of Middle East and Africa)


Ultrasound Equipment Market
  • PDF
  • 2020
  • 2017-2019
  • 198

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Our Clients

Sumitomo
Kojler
Owens
Hitachi
Sony
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X