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Ultrasound Devices Market by Technology (Doppler Ultrasound Imaging, High Intensity Focused Ultrasound (HIFU), 2-D Ultrasound Imaging, 3-D and 4-D Ultrasound Imaging, and Lithotripsy Ultrasound Imaging) Market for Cardiovascular, Obstetrics and Gynecology, Gastroenterology, Radiology, and Other Application: Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021

Published Date: 08-Nov-2016 Category: Medical Device Report Format : PDF Pages: 110 Report Code: ZMR-338 Status : Published

Global ultrasound devices market expected to reach USD 9.50 billion by end of 2021, growing at a CAGR of 6.0% between 2016 and 2021.

Description

The report provides analysis and forecast for the ultrasound devices market on a regional and global level. The study provides historic data of 2015 and forecast from 2016 to 2021 based on revenue (USD billion). The study provides drivers and restraints for the ultrasound devices market coupled along with the effect they have on the demand over the forecast period. Moreover, the report also covers the analysis of opportunities existing in the ultrasound devices market on a global level.

With the objective to give the users of this report a complete view on the ultrasound devices market and to better understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the ultrasound devices market has also been covered. The study shares a market attractiveness analysis, wherein technology segments and application segments are explained based on their general attractiveness, market size, and growth rate.

The study provides a clear view on the ultrasound devices market by segmenting the market on the basis of application segment, technology segment, and regions. All the segments have been analyzed on the basis of present and future trends and the market is estimated from 2015 to 2021. Based on technology segment, the ultrasound devices market has been segmented into doppler ultrasound imaging, High-Intensity Focused Ultrasound (HIFU), 2-D ultrasound imaging, 3-D and 4-D ultrasound imaging, and lithotripsy ultrasound imaging. Based on the application segment, the ultrasound devices market has been segmented into cardiovascular, obstetrics and gynecology, gastroenterology, radiology, and others. The regional segmentation covers the current and forecast demand for Latin America, Europe, North America, Asia-Pacific, and the Middle East and Africa which is furthermore segmented into major countries including Germany, France, UK, China, Japan, India, U.S., and Brazil.

The report also includes comprehensive profiles of end players such Philips Healthcare, Siemens Healthcare, Analogic Corporation, Esaote S.p.A., Samsung Medison Co. Ltd., Hitachi Medical Corporation, Toshiba Corporation, Mindray Medical International Limited, GE Healthcare, and Fujifilm Holdings Corporation among others. The thorough description of players includes parameters such as financial overview, company overview, business, and recent developments of the company.

This report segments the global ultrasound devices market as follows:

Global Ultrasound Devices Market: Technology Segment Analysis

  • Doppler Ultrasound Imaging
  • High Intensity Focused Ultrasound (HIFU)
  • 2-D Ultrasound Imaging
  • 3-D and 4-D Ultrasound Imaging
  • Lithotripsy Ultrasound Imaging

Global Ultrasound Devices Market: Application Segment Analysis

  • Cardiovascular
  • Obstetrics and Gynecology
  • Gastroenterology
  • Radiology
  • Others
     

Global Ultrasound devices Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

Chapter 1. Introduction

  • 1.1. Report Description And Scope
  • 1.2. Research Scope
  • 1.3. Research Methodology
    • 1.3.1. Market Research Process
    • 1.3.2. Market Research Methodology

Chapter 2. Executive Summary

  • 2.1. Global ultrasound devices Market, 2015 - 2021 (USD Billion)
  • 2.2. Global ultrasound devices Market: Snapshot

Chapter 3. Ultrasound devices – Market Dynamics

  • 3.1. Introduction
  • 3.2. Value Chain Analysis
  • 3.3. Market Drivers
    • 3.3.1. Global Ultrasound devices Market Drivers: Impact Analysis\
    • 3.3.2. Large Number of Technological Advancements
    • 3.3.3. Increasing Demand for Minimally Invasive Procedures
  • 3.4. Market Restraints
    • 3.4.1. Global Ultrasound devices Market Restraints: Impact Analysis
    • 3.4.2. Lack of Experienced and Trained Sonographers
  • 3.5. Opportunities
    • 3.5.1. Growth in Emerging Economies
  • 3.6. Porter’s Five Forces Analysis
    • 3.6.1. Bargaining Power Of Suppliers
    • 3.6.2. Bargaining Power Of Buyers
    • 3.6.3. Threat From New Entrants
    • 3.6.4. Threat From New Substitutes
    • 3.6.5. Degree Of Competition
  • 3.7. Market Attractiveness Analysis
    • 3.7.1. Market Attractiveness Analysis, By Technology Segment
    • 3.7.2. Market Attractiveness Analysis, By Application Segment
    • 3.7.3. Market Attractiveness Analysis, By Regional Segment

Chapter 4. Global Ultrasound Devices Market – Competitive Landscape

  • 4.1. Company Market Share, 2015 (Subject To Data Availability)
  • 4.2. Strategic Development
    • 4.2.1. Acquisitions & Mergers
    • 4.2.2. New Application Launch
    • 4.2.3. Agreements, Partnerships, Collaborations And Joint Ventures
    • 4.2.4. Research And Development, Application And Regional Expansion
  • 4.3. Technology Portfolio
  • 4.4. Patent Analysis (2011-2016)
    • 4.4.1. Patent Trend
    • 4.4.2. Patent Share By Company
    • 4.4.3. By Region

Chapter 5. Global Ultrasound devices Market – Technology Segment Analysis

  • 5.1. Global Ultrasound devices Market: Technology Segment Overview
    • 5.1.1. Global Ultrasound devices Market Revenue Share, By Technology Segment, 2015 And 2021
  • 5.2. Doppler ultrasound imaging
    • 5.2.1. Global Ultrasound devices Market for Doppler ultrasound imaging, 2015 – 2021 (USD Billion)
  • 5.3. High Intensity Focused Ultrasound (HIFU)
    • 5.3.1. Global Ultrasound devices Market For High Intensity Focused Ultrasound (HIFU), 2015 – 2021 (USD Billion)
  • 5.4. 2-D ultrasound imaging
    • 5.4.1. Global Ultrasound devices Market For 2-D ultrasound imaging, 2015 – 2021 (USD Billion)
  • 5.5. 3-D and 4-D ultrasound imaging
    • 5.5.1. Global Ultrasound devices Market For 3-D and 4-D ultrasound imaging, 2015 – 2021 (USD Billion)
  • 5.6. Lithotripsy Ultrasound Imaging
    • 5.6.1. Global Ultrasound devices Market For lithotripsy ultrasound imaging, 2015 – 2021 (USD Billion)

Chapter 6. Global Ultrasound devices Market – Application Segment Analysis

  • 6.1. Global Ultrasound devices Market: Application Segment Overview
    • 6.1.1. Global Ultrasound devices Market Revenue Share, By Application Segment, 2015 And 2021
  • 6.2. Cardiovascular
    • 6.2.1. Global ultrasound devices market for cardiovascular, 2015 – 2021 (USD Billion)
  • 6.3. Obstetrics and Gynecology
    • 6.3.1. Global Ultrasound devices Market For Obstetrics and Gynecology, 2015 – 2021 (USD Billion)
  • 6.4. Cardiovascular
    • 6.4.1. Global Ultrasound devices Market For Cardiovascular, 2015 – 2021 (USD Billion)
  • 6.5. Gastroenterology
    • 6.5.1. Global Ultrasound devices Market For Gastroenterology, 2015 – 2021 (USD Billion)
  • 6.6. Radiology
    • 6.6.1. Global Ultrasound devices Market For Radiology, 2015 – 2021 (USD Billion)
  • 6.7. Other
    • 6.7.1. Global Ultrasound devices Market For Other Applications, 2015 – 2021 (USD Billion)

Chapter 7. Global Ultrasound devices Market – Regional Segment Analysis

  • 7.1. Global Ultrasound devices Market: Regional Overview
    • 7.1.1. Global Ultrasound devices Market Revenue Share By Region, 2015 And 2021
  • 7.2. North America
    • 7.2.1. North America Ultrasound devices Market Revenue, By Technology, 2015 – 2021, (USD Billion)
    • 7.2.2. North America Ultrasound devices Market Revenue, By Application, 2015 – 2021, (USD Billion)
    • 7.2.3. U.S.
      • 7.2.3.1. U.S. Ultrasound devices Market Revenue, By Technology, 2015 – 2021, (USD Billion)
      • 7.2.3.2. U.S. Ultrasound devices Market Revenue, By Application, 2015 – 2021 (USD Billion)
  • 7.3. Europe
    • 7.3.1. Europe Ultrasound devices Market Revenue, By Technology, 2015 – 2021, (USD Billion)
    • 7.3.2. Europe Ultrasound devices Market Revenue, By Application, 2015 – 2021 (USD Billion)
    • 7.3.3. UK
      • 7.3.3.1. UK Ultrasound devices Market Revenue, By Technology, 2015 – 2021, (USD Billion)
      • 7.3.3.2. UK Ultrasound devices Market Revenue, By Application, 2015 – 2021 (USD Billion)
    • 7.3.4. France
      • 7.3.4.1. France Ultrasound devices Market Revenue, By Technology, 2015 – 2021, (USD Billion)
      • 7.3.4.2. France Ultrasound devices Market Revenue, By Application, 2015 – 2021, (USD Billion)
  • 7.3.5. Germany
    • 7.3.5.1. Germany Ultrasound devices Market Revenue, By Technology, 2015 – 2021, (USD Billion)
    • 7.3.5.2. Germany Ultrasound devices Market Revenue, By Application, 2015 – 2021, (USD Billion)
  • 7.4. Asia Pacific
    • 7.4.1. Asia Pacific Ultrasound devices Market Revenue, By Technology, 2015 – 2021, (USD Billion)
    • 7.4.2. Asia Pacific Ultrasound devices Market Revenue, By Application, 2015 – 2021 (USD Billion)
    • 7.4.3. China
      • 7.4.3.1. China Ultrasound devices Market Revenue, By Technology, 2015 – 2021, (USD Billion)
      • 7.4.3.2. China Ultrasound devices Market Revenue, By Application, 2015 – 2021 (USD Billion)
    • 7.4.4. Japan
      • 7.4.4.1. Japan Ultrasound devices Market Revenue, By Technology, 2015 – 2021, (USD Billion)
      • 7.4.4.2. Japan Ultrasound devices Market Revenue, By Application, 2015 – 2021 (USD Billion)
    • 7.4.5. India
      • 7.4.5.1. India Ultrasound devices Market Revenue, By Technology, 2015 – 2021, (USD Billion)
      • 7.4.5.2. India Ultrasound devices Market Revenue, By Application, 2015 – 2021 (USD Billion)
  • 7.5. Latin America
    • 7.5.1. Latin America Ultrasound devices Market Revenue, By Technology, 2015 – 2021, (USD Billion)
    • 7.5.2. Latin America Ultrasound devices Market Revenue, By Application, 2015 – 2021 (USD Billion)
    • 7.5.3. Brazil
      • 7.5.3.1. Brazil Ultrasound devices Market Revenue, By Technology, 2015 – 2021, (USD Billion)
      • 7.5.3.2. Brazil Ultrasound devices Market Revenue, By Application, 2015 – 2021 (USD Billion)
  • 7.6. Middle East And Africa
    • 7.6.1. Middle East And Africa Ultrasound devices Market Revenue, By Technology, 2015 – 2021, (USD Billion)
    • 7.6.2. Middle East And Africa Ultrasound devices Market Revenue, By Application, 2015 – 2021 (USD Billion)

Chapter 8. Company Profile

  • 8.1. Philips Healthcare
    • 8.1.1. Overview
    • 8.1.2. Financials
    • 8.1.3. Technology Portfolio
    • 8.1.4. Business Strategy
    • 8.1.5. Recent Developments
  • 8.2. Siemens Healthcare
    • 8.2.1. Overview
    • 8.2.2. Financials
    • 8.2.3. Technology Portfolio
    • 8.2.4. Business Strategy
    • 8.2.5. Recent Developments
  • 8.3. Analogic Corporation
    • 8.3.1. Overview
    • 8.3.2. Financials
    • 8.3.3. Technology Portfolio
    • 8.3.4. Business Strategy
    • 8.3.5. Recent Developments
  • 8.4. Esaote S.p.A.
    • 8.4.1. Overview
    • 8.4.2. Financials
    • 8.4.3. Technology Portfolio
    • 8.4.4. Business Strategy
    • 8.4.5. Recent Developments
  • 8.5. Samsung Medison Co. Ltd.
    • 8.5.1. Overview
    • 8.5.2. Financials
    • 8.5.3. Technology Portfolio
    • 8.5.4. Business Strategy
    • 8.5.5. Recent Developments
  • 8.6. Hitachi Medical Corporation
    • 8.6.1. Overview
    • 8.6.2. Financials
    • 8.6.3. Technology Portfolio
    • 8.6.4. Business Strategy
    • 8.6.5. Recent Developments
  • 8.7. Toshiba Corporation
    • 8.7.1. Overview
    • 8.7.2. Financials
    • 8.7.3. Technology Portfolio
    • 8.7.4. Business Strategy
    • 8.7.5. Recent Developments
  • 8.8. Mindray Medical International Limited
    • 8.8.1. Overview
    • 8.8.2. Financials
    • 8.8.3. Technology Portfolio
    • 8.8.4. Business Strategy
    • 8.8.5. Recent Developments
  • 8.9. GE Healthcare
    • 8.9.1. Overview
    • 8.9.2. Financials
    • 8.9.3. Technology Portfolio
    • 8.9.4. Business Strategy
    • 8.9.5. Recent Developments
  • 8.10. Fujifilm Holdings Corporation
    • 8.10.1. Overview
    • 8.10.2. Financials
    • 8.10.3. Technology Portfolio
    • 8.10.4. Business Strategy
    • 8.10.5. Recent Developments

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Ultrasound Devices market. Zion Research has collected and analyzed key data belong to the global Ultrasound Devices market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Ultrasound Devices across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Ultrasound Devices industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Ultrasound Devices market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

Ultrasound is one of the most broadly used imaging technologies in medicine. It uses high-frequency sound waves to picture the internal organs of the body. Ultrasound has a probe which through which the high-frequency ultrasonic sound waves are transmitted into the body of the patient. An image is generated with the help of echoes of sound waves reflected back by the body organs. An ultrasound system is used to have a look at the heart, human fetus, liver, kidneys, blood vessels, and other organs. It is free of radiation risk, portable, and relatively inexpensive when compared with other imaging modalities, such as magnetic resonance and computed tomography. These characteristics and continued improvements in image quality and resolution have expanded the use of ultrasound in too many areas in medicine beyond traditional diagnostic imaging applications. In particular, its use to assist or guide interventional procedures is growing.

Increasing demand for minimally invasive surgeries coupled along with increasing prevalence of chronic disorders such as cancer, heart disease, etc. are expected to be the major drivers for the global ultrasound devices market. In addition, a large number of technological advancements (such as 3D & 4D imaging) in ultrasound systems and favorable rules and regulations are expected to trigger the growth of ultrasound devices industry in the coming years. However, lack of experienced and trained sonographers in this industry may pose the challenge to ultrasound devices market. Growth in emerging economies is expected to act an opportunity for ultrasound devices in near future.

Global Ultrasound Devices Market Revenue

Based on technology, ultrasound devices market has been segmented into doppler ultrasound imaging, High-Intensity Focused Ultrasound (HIFU), 2-d ultrasound imaging, 3-D and 4-D ultrasound imaging, and lithotripsy ultrasound imaging. Ultrasound devices market was dominated by 3-D and 4-D ultrasound imaging segment which accounted for largest revenue share across the globe. Further, it is expected to continue its dominance over the forecast period.  3-D and 4-D ultrasound imaging segment are also expected to be the fastest growing segment during the forecast period, as they are technologically superior.

The ultrasound devices market is segmented based on application into cardiovascular, obstetrics and gynecology, gastroenterology, radiology, and others. In terms of demand, the radiology application segment dominated the market in 2015. Obstetrics and gynecology were another major application segment of ultrasound devices market. Gynecology application segment is another major segment of ultrasound devices and is expected to grow at a noticeable growth rate during the forecast period.

Europe is projected to be the largest revenue contributing region. Europe is expected to remain the dominant region over the forecast period. Europe held more than 30% share of global ultrasound devices market in 2015. Asia Pacific was the second largest market for ultrasound devices in 2015. Asia-Pacific is projected to be the fastest-growing region in the ultrasound devices market during the forecast period as a result of demand from developing economies such as China and India. Demand in Asia Pacific was followed by North America. As a result of increasing aging population and increasing health awareness in Brazil, Latin America is also expected to experience significant growth in the years to come.

Some of the key players operating in ultrasound devices market include Philips Healthcare, Siemens Healthcare, Analogic Corporation, Esaote S.p.A., Samsung Medison Co. Ltd.,  Hitachi Medical Corporation, Toshiba Corporation, Mindray Medical International Limited, GE Healthcare, and Fujifilm Holdings Corporation among others.

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