Monday 3 May 2021, Amsterdam
The “Global Next-Generation Ultrasound Systems Market – Analysis and Forecast: 2021-2031,” is projected to reach $21.08 billion by 2031, reveals the premium market intelligence study. The study also highlights that the market is set to witness a CAGR of 9.3% during the period between 2021 and 2031.
The comprehensive study of global next-generation ultrasound systems market extensively covers the following:
- Market numbers on micro-segments that are influencing the market
- More than 100 products present in the market
- Over 30 brands
- Market share analysis for more than 100 products
- Detailed global and regional market share analysis including the scrutiny of more than 14 countries
- Study of data of more than 30 companies
Besides these parameters, the study also encompasses the market growth drivers, opportunities, market restraining factors, competition mapping, segmental analysis, and vendor analysis.
This study indicates that the increasing demand for quality ultrasound systems for the medical field, and availability of technologically advanced products in the field of 3D, 4D, and upcoming 5D ultrasound systems, and the increasing incidences of targeted diseases, government funding and R&D investments during COVID-19, and the rising healthcare expenditure are the major factors fuelling the market growth.
The study highlights the various emerging opportunities, such as advancements in 3D ultrasound, 4D ultrasound, and improving the ultrasound are some of the opportunities that can be leveraged by players operating in the market.
The market intelligence additionally throws a spotlight on the key industry trends that have a humungous influence in shaping the industry going forward. Some of these trends include expanding applications of the ultrasound systems, teleoperated ultrasound systems, and several other key trends.
Data from different segments of the market has been analyzed minutely to gain a holistic view of the market. These segments include market share, and industry analysis, types of products offered, applications, and regions. Each of these segments is further categorized into sub-segments and micro-segments to compile an in-depth study.
The industry analysis of the global market includes data analysis on the satisfaction level of different imaging modalities (by brand), regulatory scenario, and workflow. The study is majorly centered on the various applications, namely, general imaging, cardiology imaging, vascular imaging, obstetrics and gynecology imaging, lung imaging, urology imaging, orthopedics/musculoskeletal imaging, and other imaging, as well as product type, such as diagnostic and therapeutic ultrasound systems.
To emphasize the dominance of the 2D ultrasound systems segment under the technology category of the next-generation ultrasound systems market in 2020 and 2031, Abdul Wahid, AVP – BIS Research, states, "The reason for market growth and the dominance of the 2D ultrasound segment can be attributed to its widespread use in almost all therapeutic applications related to the ultrasound market, processing speed, availability and cost of the 2D ultrasounds. It is anticipated that the consistent growth in the number of ultrasound examinations for early diagnosis, examination of the fetus, and lung scans during the novel coronavirus pandemic will be another reason for the segment to witness significant growth in the coming years.”
Key insights are drawn from in-depth interviews with the key opinion leaders of more than 20 leading companies, market participants, and vendors. The key players profiled in the report 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.
The study also offers strategic recommendations that can help organizations in tracking various products, trends, and technologies that are changing the dynamics of the market. The recommendations by BIS Research also offer bespoke research services to help organizations meet their objectives.
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