The global ultrasound market is anticipated to grow at a considerable CAGR of 5.8% during the forecast period (2021-2027). The market growth is mainly driven by the growing incidence and prevalence of chronic diseases that are creating demand for ultrasound devices to gain the 2CD or 3D images of the affected body part. According to the UN, the number of people aged 60 years and more in 2017 was 962 million. This number is expected to get doubled by 2050, and tripled by 2100. This aging population is growing at the rate of around 3% per year. The population will be aging rapidly in other parts of the world as well. By 2050, a quarter or approximately half of the population of all the regions of the world will age 60 or above.
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The rising geriatric population which is highly prone to chronic diseases is likely to drive the growth of the ultrasound market across the globe. Rising healthcare expenditure and new product development by key market players are other factors that are driving the global ultrasound market. . For instance, in July 2020, Hologic Inc. had set forth the US launch of the Super Sonic Mach 40 ultrasound system. This is the company’s first premium cart-based system that provides quality images, image modes with standard-setting and is made to magnify efficiency along with accuracy.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o By Technology
o By Applications
o By Portability
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Fujifilm Holdings Corp., General Electric Co., Koninklijke Philips N.V., Siemens Healthcare Private Ltd., Shimadzu Corp.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Ultrasound Market Segment
By Technology
- 2D Ultrasound Imaging
- 3D& 4D Ultrasound Imaging
- Doppler Imaging
By Applications
- Obstetrics/Gynecology
- Cardiology
- Orthopedic and Musculoskeletal
- Urology
- Other
By Portability
- Trolley/ Cart-Based Ultrasound Devices
- Compact/Handheld Ultrasound Devices
By End-User
- Hospitals
- Diagnostic Centers
- Other
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