“Ultrasound medical devices Global Market – Forecast To 2023”

IQ4I Research & Consultancy Pvt. Ltd. Page 1

Ultrasound Medical Devices Global Market

–Forecast to 2023

Ultrasound medical devices Global Market estimated to be worth $10.10 billion by 2023 IQ4I Research & Consultancy published a new report on “Ultrasound medical devices

Global Market – Forecast To 2023” This report analyzes and studies the overall market,

major drivers & Opportunities, Restraints & Threats in North America, Europe, Asia-Pacific

and Rest of the World

IQ4I’s Report Contains 124 market data tables and 86 figures spread through 475 pages and an exhaustive TOC on “Ultrasound medical devices Global

Market [TECHNOLOGY (Diagnostic (2D, 3D & 4D and Doppler Ultrasound), Therapeutic (HIFU and ESWL); DISPLAY (Color Ultrasound and Black & White Ultrasound); PORTABILITY (Trolley/Cart Based Ultrasound and Compact/Handheld Ultrasound); APPLICATIONS (Cardiology, Radiology/General Imaging (Abdominal, Musculoskeletal, Small parts & Neonatal), Women’s Health (Ob/Gyn, Breast care, Reproductive medicine procedures & Uterine Fibroids), Point of care, Urology, Neurology, Orthopedic, Cancer and Others); END-USERS (Hospitals, Private Diagnostic Laboratories, Research Laboratories and Ambulatory Surgical Centres); REGION (North America (United States and Others), Europe (Germany, Russia, France and Others), Asia-Pacific (Japan, China, India and Others) and Rest of the World (Brazil, Middle East and Others)]

This report analyzes the Ultrasound medical devices global market in terms of market

revenue ($ million) for all segments and it enables Ultrasound medical devices global market

stakeholders such as device manufacturers, distributors and wholesalers, OEM (Original

Equipment Manufacturers)/contract manufacturers, hospitals and various academic research

institutes to identify and analyze market expansion opportunities, upcoming technologies

and competition in Ultrasound medical devices global market.

Ultrasound is one of the renowned technologies in the medical field. This safe, non-invasive

and non-use of ionizing radiation procedure involves sound waves of higher frequencies

waves, (greater than 20,000 Hz) for producing various structural echo patterns of internal

body parts. An ultrasound machine during diagnosis, works by bouncing off sound waves

when in contact with solid parts of the body. In addition with the diagnosis, ultrasounds are

being used to treat medical conditions too and thereby ultrasounds have role to play in

therapeutic application. As estimated by IQ4I Research, Ultrasound medical devices global

market is expected to grow at a double digit CAGR to reach $10,106 million by 2023.

Rising population of chronic and lifestyle disorder, availability of public-private investments,

increasing demand for point of care testing and rising adoption of ultrasound technology in

the various fields especially in cardiology, oncology and emergency medicine are the factors



–Forecast to 2023

driving the market growth. However, some of the factors like lack of skilled professionals,

high cost ultrasound devices, stringent regulations and unfavorable reimbursement cuts may

hinder the growth of global ultrasound device market.

Advancements and newer technologies like contrast enhanced ultrasound and ultrasound

elastography are revolutionizing ultrasound market. Contrast enhanced ultrasound

technology which involves microbubble contrast agents and specialized techniques for

imaging the blood flow and perfusion within the human body are becoming most popular

medical imaging method. In September 7th, 2016 Toshiba America Medical Systems, Inc.

announced its launch of Aplio 500 Platinum contrast enhanced ultrasound system after the

recent approval from FDA for the use of microbubbles. Lumason and SonoVue from Bracco

Diagnostics, Inc. (U.S.), Optison from GE Healthcare (U.S) are few FDA approved contrast

enhanced ultrasound agents. Siemens Healthcare provides Cadence Contrast Pulse

Sequencing (CPS) Technology on its ACUSON Sequoia Ultrasound platform providing

detailed images of micro and macro vascularity enhancing lesion characterization. Philips

HD11 XE has the versatility to expand into a complete digital imaging technology

incorporating contrast imaging to enhance cardiovascular imaging capabilities. Similarly

Ultrasound elastography is one of the emerging technologies where stress is applied on the

organs to assess the mechanical properties (elasticity) and stiffness of fibrotic and

cancerous lesions. Hitachi Medical Corporation has developed Real-Time Tissue

Elastography (RTTE) application on its Hi Vision Avius ultrasound platform which

differentiates the healthy and malignant tissues of breast, thyroid, prostrate, liver and

pancreas. In addition the major players such as Toshiba Medical systems introduced

elastography technique in its Aplio MX platform, Philips Healthcare on its iU22 platform and

Siemens Healthcare in its ACUSON S2000 ultrasound platform.

The ultrasound medical devices global market is segmented based on their technology,

display, portability, application, end users and geography. The market by technology is

divided into diagnostic and therapeutic, based on display the market is segmented into black

& white and color and based on portability market is divided into trolley/cart based and

portable ultrasound medical devices. The ultrasound medical devices application is further

sub-segmented into radiology/general imaging, women’s health, cardiology, point of care,

urology, orthopedic, cancer, neurology and others. The radiology/general imaging occupied

highest market in ultrasound medical devices application market.



–Forecast to 2023

Geographically, European regions held the largest market share where Germany accounted

for the largest share, this growth is driven due to its high acceptance of advanced

technologies and sophisticated universal treatment facilities. Among North American regions

U.S. dominates, the market with the share of 77.9% and is expected to show a strong growth

due to the high advanced healthcare facilities, increased growing awareness about the

technological advancements, availability of Medicare and third party insurance facilities,

easy availability of skilled personnel are driving the market growth. In Asia- Pacific region,

Japan has held the largest market share due to its increase in healthcare spending and

advancements in healthcare facilities, the easy access to advanced healthcare technology.

In RoW regions, Brazil has the largest market share and is expected to grow at the strong

rate due to increasing trends of medical tourism, large patient pool, Medicare facilities and

increase in technological advancements.

Some of the prominent players in ultrasound medical device market include Analogic

Corporation (U.S), Esaote (Italy), Fujifilm Holdings Corporation (Japan), GE Healthcare

(U.S.), Hitachi Ltd (Japan), Koninklijke Philips N.V. (Netherlands), Mindray Medical

International Limited (China), Samsung Electronics Co. Ltd (South Korea), Siemens AG

(Germany) and Toshiba Medical Systems Corporation (Japan).

Reasons for buying this report:

Analysis of the ultrasound medical devices global market by identifying various

segments by technology, display, portability, application, end-users and geography.

Revenue forecast of the ultrasound medical devices market and strategic analysis of

each submarket with respect to segmental growth trends.

Analysis of the major market trends and factors driving or inhibiting the growth of the

ultrasound medical devices global market.

Revenue forecast of the healthcare analytics market with respect to North America,

Europe, Asia-Pacific and the Rest of the World (RoW) regions.

Analysis of the opportunities for stakeholders by identifying the high-growth

segments of the market.

Regional market share analysis of ultrasound medical devices by major players

HIFU & Transcranial Doppler ultrasound (TCD) market by key players

Installation base & No. of units of ultrasound devices

Market share analysis of key players in ultrasound medical devices, details of their

product offerings, revenues, business strategies and SWOTs



–Forecast to 2023

Established and Emerging players (117 companies) and their product offerings.

FIGURE 1

ULTRASOUND MEDICAL DEVICES GLOBAL MARKET SEGMENTATION

Global Ultrasound Medical Devices Market

By End-users

Hospitals

Private Diagnostic laboratories

Research laboratories

North America

Europe

Asia Pacific

Rest of the World

By GeographyBy Display By Portability

Color ultrasound devices

Black & white ultrasound devices

Trolley/cart based

Compact/handheld

Point of care ultrasound devices

Ambulatory surgical centers

By Application

Cardiology

Radiology/General Imaging

Women’s Health

Point of Care

Orthopedic

Cancer

Neurology

Others

Urology

Diagnostic Therapeutic

2D ultrasound

3D and 4D ultrasound

HIFU

ESWL

By Technology

Dopplerultrasound

Ambulatory Surgical Centers