The global ultrasound equipment market is expected to grow at a CAGR of around 6.3% from 2019 to 2026 and expected to reach the market value of around US$ 10 Bn by 2026.
Ultrasound is a medical imaging technology that uses sound waves to produce pictures of body’s inside part. It helps to diagnose swelling, pain, and infection in internal organs and to examine a baby in pregnant women. Ultrasound is also assist in performing types of biopsy and for therapeutic purpose. The equipment has a small probe, a transducer and gel placed on the skin. High-frequency sound waves travel through the gel from the probe into the body. The probe collects the sounds that bounce back from the internal organs. A computer system uses these sound waves to create an image. The image produced by the system can be color or black & white based on the technology. Ultrasound does not use radiations as used in x-rays and hence the procedure is safe and painless.
Market Dynamics
Large number of technological advancements including 3D & 4D imaging in ultrasound equipment, entry of various regional market players that offers cost effective compact devices, increase in prevalence of chronic diseases such as heart disease, cancer, and diabetes, rise in awareness about early diagnosis, and demand for minimal invasive therapies are some of the key driving factors of the ultrasound equipment market.
Introduction of various innovative products by the multinational as well as regional players is anticipated to boost the market in coming years. Various regional players are present in the market, still GE Healthcare, Philips Healthcare, and Toshiba Medical captured about 55% of the overall ultrasound equipment market.
Portability Stance
Based on portability, the ultrasound equipment market is segmented into trolley/cart based, compact, and handheld ultrasound. Trolley or cart based ultrasound equipment accounted for the largest share of the market in 2018. However, handheld ultrasound equipment segment is anticipated to grow at the fastest rate and will gain more share during the forecast period. Increasing interest in these devices due to ease of application and comparatively lower in cost than trolley & compact devices and introduction of several new products are the key factors for the growth of the segment during the forecast period. .
Application Analysis
Based on application, the market has been segmented into obstetrics/gynecology, general imaging, vascular applications, cardiologic applications, orthopedic applications, urological applications, pain management, and other applications. General imaging accounted for the largest share of the market in 2018. Technological advancement, rising cancer incidence, and the increasing adoption of focused ultrasound for disease therapies are boosting the application of ultrasound equipment for general imaging.
Display Type Analysis
Based on the type of equipment display, the market is divided into black & white ultrasound equipment and color devices. This can be attributed to high adoption of technologically advanced ultrasound equipment and growing awareness about advantages associated with color equipment. Based on technology, the market is further divided into therapeutic ultrasound and diagnostic ultrasound. The diagnostic segment accounted for the largest share of the market in 2018 due to significant usage of 2D ultrasound in women’s health and the growing applications of emerging ultrasound techniques.
Regional Overview
North America dominated the global ultrasound equipment market in 2018 and is anticipated to maintain its dominance during the forecast period. This can be attributed to local presence of major market players, technological advancement in the field increases the efficiency and accuracy of the test, high healthcare awareness, and supportive reimbursement for diagnostic testing. Furthermore, increasing demand from low and middle income countries from the regions of Asia Pacific and Latin America are likely to propel the market growth during the forecast period. Asia pacific is expected to grow at the fastest rate during the forecast period due to investment by market players, development by local companies, increasing awareness about ultrasound techniques, growing number of well-equipped hospitals and diagnostic laboratories, and large population base. India, China, and Japan are the major contributing countries in this region. However, distribution challenges and shortage of skilled medical personal are some of the limiting factors of this region.
The market research study on “Ultrasound Equipment Market – Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight on the global ultrasound equipment market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global ultrasound equipment market, its portability, its application, its display, technology, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global ultrasound equipment market size and segment markets by portability, by application, by equipment display, by technology, and geography along with the information on companies operating in the market. The ultrasound equipment market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market sizes for different segments have been covered under the scope of the report.
The players profiled in the report include GE Healthcare, Philips Healthcare, Toshiba Medical, Hitachi-Aloka Medical, Siemens Healthineers, Mindray, Samsung Medison, Fujifilm Sonosite, Esaote, and Analogic. Introduction of innovative devices and partnerships or collaborations for development, manufacture, and commercialization of devices are the key strategies being adopted by the competitors.
Market Segmentation
By Portability
- Trolley/Cart-based
- Compact
- Handheld
By Application
- Obstetrics/Gynecology
- General Imaging
- Vascular Applications
- Cardiologic Applications
- Orthopedic Applications
- Urological Applications
- Pain Management
- Others
By Equipment Display
By Technology
By Geography
- North America
- Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Ultrasound Equipment
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Ultrasound Equipment Market By Portability
1.2.2.1. Global Ultrasound Equipment Market Revenue and Growth Rate Comparison By Portability (2015-2026)
1.2.2.2. Global Ultrasound Equipment Market Revenue Share By Portability in 2018
1.2.2.3. Trolley/Cart-based
1.2.2.4. Compact
1.2.2.5. Handheld
1.2.3. Ultrasound Equipment Market By Application
1.2.3.1. Global Ultrasound Equipment Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.3.2. Obstetrics/Gynecology
1.2.3.3. General Imaging
1.2.3.4. Vascular Applications
1.2.3.5. Cardiologic Applications
1.2.3.6. Orthopedic Applications
1.2.3.7. Urological Applications
1.2.3.8. Pain Management
1.2.3.9. Others
1.2.4. Ultrasound Equipment Market By Equipment Display
1.2.4.1. Global Ultrasound Equipment Market Revenue and Growth Rate Comparison By Equipment Display (2015-2026)
1.2.4.2. Black & White
1.2.4.3. Color
1.2.5. Ultrasound Equipment Market By Technology
1.2.5.1. Global Ultrasound Equipment Market Revenue and Growth Rate Comparison By Technologyr (2015-2026)
1.2.5.2. Therapeutic
1.2.5.3. Diagnostic
1.2.6. Ultrasound Equipment Market By Geography
1.2.6.1. Global Ultrasound Equipment Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.6.2. North America Ultrasound Equipment Market Revenue and Growth Rate(2015-2026)
1.2.6.3. Europe Ultrasound Equipment Market Revenue and Growth Rate(2015-2026)
1.2.6.4. Asia-Pacific Ultrasound Equipment Market Revenue and Growth Rate(2015-2026)
1.2.6.5. Latin America Ultrasound Equipment Market Revenue and Growth Rate(2015-2026)
1.2.6.6. Middle East and Africa (MEA) Ultrasound Equipment Market Revenue and Growth Rate(2015-2026)
CHAPTER 2. MARKET DYNAMICSAND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Ultrasound Equipment Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Ultrasound Equipment Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Ultrasound Equipment Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Ultrasound Equipment Major Manufacturers in 2018
CHAPTER 4. ULTRASOUND EQUIPMENT MARKET BY PORTABILITY
4.1. Global Ultrasound Equipment Revenue By Portability
4.2. Trolley/Cart-based
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Compact
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Handheld
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. ULTRASOUND EQUIPMENT MARKET BY APPLICATION
5.1. Global Ultrasound Equipment Revenue By Application
5.2. Obstetrics/Gynecology
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. General Imaging
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Vascular Applications
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. Cardiologic Applications
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.6. Orthopedic Applications
5.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.7. Urological Applications
5.7.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.7.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.8. Pain Management
5.8.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.8.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.9. Others
5.9.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.9.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. ULTRASOUND EQUIPMENT MARKET BY EQUIPMENT DISPLAY
6.1. Global Ultrasound Equipment Revenue By Equipment Display
6.2. Black & White
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Color
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 7. ULTRASOUND EQUIPMENT MARKET By Technology
7.1. Global Ultrasound Equipment Revenue By Technology
7.2. Therapeutic
7.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
7.3. Diagnostic
7.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 8. NORTH AMERICA ULTRASOUND EQUIPMENT MARKET BY COUNTRY
8.1. North America Ultrasound Equipment Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. North America Ultrasound Equipment Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. U.S.
8.3.1. U.S. Ultrasound Equipment Market Revenue and Forecast By Portability, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By Equipment Display, 2015 - 2026 ($Million)
8.3.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
8.4. Canada
8.4.1. Market Revenue and Forecast By Portability, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By Equipment Display, 2015 - 2026 ($Million)
8.4.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
CHAPTER 9. EUROPE ULTRASOUND EQUIPMENT MARKET BY COUNTRY
9.1. Europe Ultrasound Equipment Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Europe Ultrasound Equipment Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. UK
9.3.1. Market Revenue and Forecast By Portability, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By Equipment Display, 2015 - 2026 ($Million)
9.3.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.4. Germany
9.4.1. Market Revenue and Forecast By Portability, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By Equipment Display, 2015 - 2026 ($Million)
9.4.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.5. France
9.5.1. Market Revenue and Forecast By Portability, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By Equipment Display, 2015 - 2026 ($Million)
9.5.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.6. Spain
9.6.1. Market Revenue and Forecast By Portability, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By Equipment Display, 2015 - 2026 ($Million)
9.6.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
9.7. Rest of Europe
9.7.1. Market Revenue and Forecast By Portability, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By Equipment Display, 2015 - 2026 ($Million)
9.7.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
CHAPTER 10. ASIA-PACIFIC ULTRASOUND EQUIPMENT MARKET BY COUNTRY
10.1. Asia-Pacific Ultrasound Equipment Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Asia-Pacific Ultrasound Equipment Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. China
10.3.1. Market Revenue and Forecast By Portability, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By Equipment Display, 2015 - 2026 ($Million)
10.3.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.4. Japan
10.4.1. Market Revenue and Forecast By Portability, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By Equipment Display, 2015 - 2026 ($Million)
10.4.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.5. India
10.5.1. Market Revenue and Forecast By Portability, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By Equipment Display, 2015 - 2026 ($Million)
10.5.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.6. Australia
10.6.1. Market Revenue and Forecast By Portability, 2015 - 2026 ($Million)
10.6.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.6.3. Market Revenue and Forecast By Equipment Display, 2015 - 2026 ($Million)
10.6.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.7. South Korea
10.7.1. Market Revenue and Forecast By Portability, 2015 - 2026 ($Million)
10.7.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.7.3. Market Revenue and Forecast By Equipment Display, 2015 - 2026 ($Million)
10.7.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
10.8. Rest of Asia-Pacific
10.8.1. Market Revenue and Forecast By Portability, 2015 - 2026 ($Million)
10.8.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.8.3. Market Revenue and Forecast By Equipment Display, 2015 - 2026 ($Million)
10.8.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
CHAPTER 11. LATIN AMERICA ULTRASOUND EQUIPMENT MARKET BY COUNTRY
11.1. Latin America Ultrasound Equipment Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Latin America Ultrasound Equipment Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. Brazil
11.3.1. Market Revenue and Forecast By Portability, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By Equipment Display, 2015 - 2026 ($Million)
11.3.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.4. Mexico
11.4.1. Market Revenue and Forecast By Portability, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By Equipment Display, 2015 - 2026 ($Million)
11.4.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
11.5. Rest of Latin America
11.5.1. Market Revenue and Forecast By Portability, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By Equipment Display, 2015 - 2026 ($Million)
11.5.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
CHAPTER 12. MIDDLE EAST & AFRICA ULTRASOUND EQUIPMENT MARKET BY COUNTRY
12.1. Middle East & Africa Ultrasound Equipment Market Revenue and Growth Rate, 2015 - 2026 ($Million)
12.2. Middle East & Africa Ultrasound Equipment Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. GCC
12.3.1. Market Revenue and Forecast By Portability, 2015 - 2026 ($Million)
12.3.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
12.3.3. Market Revenue and Forecast By Equipment Display, 2015 - 2026 ($Million)
12.3.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
12.4. South Africa
12.4.1. Market Revenue and Forecast By Portability, 2015 - 2026 ($Million)
12.4.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
12.4.3. Market Revenue and Forecast By Equipment Display, 2015 - 2026 ($Million)
12.4.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
12.5. Rest of Middle East & Africa
12.5.1. Market Revenue and Forecast By Portability, 2015 - 2026 ($Million)
12.5.2. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
12.5.3. Market Revenue and Forecast By Equipment Display, 2015 - 2026 ($Million)
12.5.4. Market Revenue and Forecast By Technology, 2015 - 2026 ($Million)
CHAPTER 13. COMPANY PROFILE
13.1. GE Healthcare
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Type Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. Philips Healthcare
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Type Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. Toshiba Medical
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Type Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. Hitachi-Aloka Medical
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Type Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. Siemens Healthineers
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Type Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. Mindray
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Type Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. Samsung Medison
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Type Portfolio
13.7.5. Key Developments
13.7.6. Strategies
13.8. Fujifilm Sonosite
13.8.1. Company Snapshot
13.8.2. Overview
13.8.3. Financial Overview
13.8.4. Type Portfolio
13.8.5. Key Developments
13.8.6. Strategies
13.9. Esaote
13.9.1. Company Snapshot
13.9.2. Overview
13.9.3. Financial Overview
13.9.4. Type Portfolio
13.9.5. Key Developments
13.9.6. Strategies
13.10. Others
13.10.1. Company Snapshot
13.10.2. Overview
13.10.3. Financial Overview
13.10.4. Type Portfolio
13.10.5. Key Developments
13.10.6. Strategies
CHAPTER 14. RESEARCH APPROACH
14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope
