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Overview on the Global Next-Generation Ultrasound Systems Market
Global next-generation ultrasound systems market is currently witnessing a significant change in the market landscape. There is rising investment in the development of healthcare infrastructure, increasing evidence for efficient and promising results in treatment and diagnosis assistance. Moreover, there is an extensive entry of emerging players developing advanced ultrasound systems into the healthcare space. All these predominant factors have led to a significant rise in sales of ultrasound systems across the globe.

Global Next-Generation Ultrasound Systems Market Forecast
The global next-generation ultrasound systems market was valued at $8,246.8 million in 2020 and is anticipated to reach $21,079.7 million by 2031, growing at a CAGR of 9.3% during the forecast period 2021-2031. The increasing demand for quality ultrasound systems for the medical field, availability of technologically advanced products in the field of 3D, 4D, and upcoming 5D ultrasound systems, the increasing incidences of targeted diseases, and government funding and R&D investments during COVID-19, are the major factors fueling the market growth. In addition to these factors, there are significant challenges and restraints, which are restricting the market growth. These challenges include the limitations of ultrasound systems, product recalls, shortage of trained technicians, growing end user preference for refurbished ultrasound systems, etc. Hence, it is anticipated that these factors will have a significant impact on the ultrasound systems market in the next five years, and the market will grow multifold.

Competitive Landscape
The global next-generation ultrasound systems market consists of numerous large-scale as well as small-scale manufacturers and vendors. Presently, the manufacturers in the market have ample opportunities to expand their offerings and to establish a strong foothold in the market.

During January 2017 - March 2021, the market witnessed approximately 48 joint ventures, collaborations, and partnerships, three funding and investments, 16 product approvals, 28 product launches and enhancements, and one merger and acquisition. Joint ventures, collaborations, and partnerships were among the most frequently followed strategies that were incorporated by numerous players to establish a strong foothold in the market.

Most of the manufacturers in the market are incorporating collaborations and partnerships not only with other companies but also the university and research institutions as the key strategies to develop next-generation ultrasound systems and attain a strong financial position in the market.

Moreover, the leading players in the global next-generation ultrasound systems market include BK Medical ApS (Analogic Corporation), Butterfly Network Inc., Canon Inc., Clarius Mobile Health, Esaote SpA, Fujifilm Holdings Corporation, General Electric Company, Healcerion Co. Ltd., Hitachi Ltd., Hologic Inc., Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Shimadzu Corporation, and Siemens Healthineers AG, among others.


Market Report Coverage - Next Generation Ultrasound Systems

Market Segmentation

  • Technology – 2D Ultrasound Systems, 4D/3D Ultrasound Systems, and Others (Fusion Imaging, Tissue Harmonic Imaging)
  • Product Type – Diagnostic Ultrasound Systems, and Therapeutic Ultrasound Systems
  • Portability – Cart/Trolley-Based Systems, Portable Systems, and Handheld Devices and Wearables
  • Application – General Imaging, Cardiology Imaging, Vascular Imaging, Obstetrics and Gynecology Imaging, Lung Imaging, Urology, Orthopedics/Musculoskeletal Imaging, and Other Imaging
  • End User – Hospitals, Diagnostic Centers, Ambulatory Surgical Centers (ASCs), and Others



Regional Segmentation

  • North America- U.S. and Canada
  • Europe- Germany, U.K., Italy, Spain, France, Switzerland, Sweden, and Rest-of-Europe
  • Asia-Pacific- Japan, China, South Korea, Australia and New Zealand, India, and Rest-of-Asia-Pacific
  • Latin America
  • Middle East and Africa



Growth Drivers

  • Advent of Point-of-Care Ultrasound Systems Driving a Fast-Paced Growth
  • Integration of Artificial Intelligence into Ultrasound
  • Rising Need for Examination in Case of Increasing Prevalence of Chronic Diseases



Market Restraints

  • Limitations with Resolution and Quality of Images
  • Product Recall and Shortage of Trained Technicians
  • Growing End User Preference for Refurbished Equipment



Market Opportunities

  • Advancement in Technology Promising a Strong Growth Potential
  • Improving Ultrasound Workflow



Key Companies Profiled
BK Medical ApS (Analogic Corporation), Butterfly Network Inc., Canon Inc., Clarius Mobile Health, Esaote SpA, Fujifilm Holdings Corporation, General Electric Company, Healcerion Co. Ltd., Hitachi Ltd., Hologic Inc., Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Shimadzu Corporation, and Siemens Healthineers AG

Key questions answered in this report:

  • What is the current scenario of global next-generation ultrasound systems market?
  • What is the total market size and forecast (until 2031) for the global next-generation ultrasound systems market?
  • What is the addressable market size and forecast based on region?
  • What are the key market dynamics (drivers, restraints, trends, and opportunities) for the global next-generation ultrasound systems market?
  • What is the impact of different macroeconomic factors on the dynamics of the global next-generation ultrasound systems market?
  • How would trends impacting the dynamics of the market evolve during the forecast period?
  • What are the hidden factors that are driving the global next-generation ultrasound systems market through the iceberg analysis?
  • What are the key strategies incorporated by the leading players of the global next-generation ultrasound systems market to sustain the competition?
  • What are the market shares of key competitors in the global next-generation ultrasound systems market?
  • What will be the revenue growth rate witnessed by each key player in the forecast period?
  • What is the scale of impact on the dynamics of the market due to strategic decisions made by leading players in the market?
  • What has been the funding scenario for the next-generation ultrasound systems from the past four years?
  • What are the average selling prices of the next-generation ultrasound systems?
  • What are the regulations impacting the global next-generation ultrasound systems market across different regions?
  • What are the business models of key competitors in the global next-generation ultrasound systems market?
  • What is the current brand value of key competitors in the global next-generation ultrasound systems market?
  • What is the current total market size and forecast for different application categories available in the global next-generation ultrasound systems market?
  • What are the current trends associated with each application categories?
  • Which application category is anticipated to witness the highest growth rate during the forecast period?
  • What is the current total market size and forecast for the global next-generation ultrasound systems market across different regions?
  • What are the forward-looking trends associated with each region?
  • What is the role of each company in the global next-generation ultrasound systems market?
  • What is the revenue generated through the sales of next-generation ultrasound systems by each company?
  • What are strengths, weaknesses, opportunities, and threats for each company in the global next-generation ultrasound systems market?