US Diagnostic Ultrasound Market Market Report 2023 to 2030

US Diagnostic Ultrasound Market Analysis

$ 3999

US Diagnostic Ultrasound Market is projected to grow from $xx Mn in 2023 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2023 - 2033. The market for diagnostic Ultrasound is expanding as a result of rising healthcare spending and increasing prevalence of chronic diseases in both developed and developing nations. This demand is fueling the development of better diagnostic Ultrasound tools and methods for the early detection and accurate diagnosis of diseases. Some of the key players in the global Diagnostic Ultrasound Market include GE Healthcare, Koninklijke Philips N.V., Canon Medical System Corporation, Hitachi Ltd., Seimens Healthineers AG, Hologic Inc., FUJIFILM Holdings Corporation, Samsung Electronics Co. Ltd., Mindray Medical International Limited, and Mobisante Inc.

ID: IN10USHS045 CATEGORY: Healthcare Services GEOGRAPHY: US AUTHOR: Dr. Nensi Savani

Buy Now

US Diagnostic Ultrasound Market Executive Summary

US Diagnostic Ultrasound Market is valued at around $2.94 Bn in 2022 and is projected to reach $3.44 Bn by 2030, exhibiting a CAGR of 2% during the forecast period 2023-2030.

The Ultrasound Diagnostics Market refers to the market for tools and methods used to diagnose different diseases using Ultrasound Technology which is considered a safe diagnostic technique for the precise detection of health conditions. The market includes ultrasound imaging systems, Transducers/probes, ultrasound contrast agents, different accessories, and portable and handheld ultrasound devices which are used to diagnose diseases.

The increased prevalence of chronic diseases and increasing population has contributed to the growth of the global market for Ultrasound Diagnostics in recent years. Advances in diagnostic technologies, such as 3D and 4D Ultrasound devices, Portable and Handheld Machines, AI-powered devices, Wireless devices, and data management systems for digital imaging, are also driving the market.

Medical devices firms like GE Healthcare, Koninklijke Philips N.V., Canon Medical System Corporation, Hitachi Ltd., Seimens Healthineers AG, Hologic Inc., FUJIFILM Holdings Corporation, Samsung Electronics Co. Ltd., Mindray Medical International Limited, Mobisante Inc. are some of the major players in the Ultrasound Diagnostics Market.

Ultrasound diagnostics are used for different types of chronic conditions like Heart diseases, Cancer, Gastrointestinal diseases, Musculoskeletal diseases, Neurological diseases, and for obstetrics and gynecological purposes as well. Ultrasound is a safe and effective diagnostic technique that is also used to guide procedures like biopsies and drainage of fluid collections.

Technological advancements, increasing demand for point-of-care diagnostics, increasing population, and birth rate are projected to fuel the market of Ultrasound Diagnostics for the condition in the years to come. The market still has difficulties with regard to obtaining regulatory permission, the high cost of ultrasound systems, less skilled professionals, as well as reimbursement challenges for ultrasound procedures.

Market Dynamics

Drivers of US Diagnostic Ultrasound Market

Growing Incidence and Prevalence of Chronic and Lifestyle Disease: The prevalence of cardiovascular diseases, neurological diseases, and musculoskeletal diseases is increasing globally in both developed and developing countries. This is raising the demand for better diagnostic methods and technologies that can successfully identify the illness.

Technological Advancement: New development in technologies such as 3D and 4D Ultrasound is helping healthcare professionals to diagnose disease earlier and more accurately. Ultrasound fusion imaging techniques are gaining popularity which will help in exploring anatomical body parts and organs with the help of real-time imaging systems.

Increasing Demand for Point-of-care Diagnostics: Nowadays point-of-care ultrasound is fueling the demand for the ultrasound diagnostic market. It helps to provide diagnostic information near the patient’s bed and performs real-time imaging.

Non-Invasive Nature: Ultrasound is a non-invasive and safe procedure for diagnosis and it does not involve any radiation. Because of its safety and non-invasive nature, it targets a larger group of pregnant women and children which has given rise to the Ultrasound Diagnostic Market.

Growing Birth Rate: The population is increasing day by day globally and it is giving a boost to the market of Ultrasound diagnostics. It is an increasing demand for devices for better accessibility and management of pregnant women.

Developments in Ultrasound Diagnostics Market

The market for Ultrasound diagnostics is always changing due to new discoveries and improvements in science and technology. Recent market developments include the following:

3D and 4D Ultrasound Devices: These give three-dimension and four-dimension visualization of the body structures. It is helpful in diagnosing various conditions like tumors, congenital heart defects, and musculoskeletal diseases
Handheld Ultrasound Devices: These devices are small and portable so it is useful in multiple healthcare settings like operating rooms, patient’s room, and emergency room. It helps improve patient care by increasing accessibility
AI-Powered Diagnostics: These devices use machine learning algorithms and big data sets to analyze and find problems. Compared to conventional techniques, these instruments should offer more effective and precise diagnoses
Wireless Ultrasound Devices: These devices help in the transmission of ultrasound images to different devices which is helpful to healthcare professionals for future reference and it also improves the efficacy of healthcare workflow. It speeds up the diagnosis and treatment

Given that they increase the precision and accessibility of diagnostic tools and techniques, these innovations are anticipated to propel the expansion of the market of Ultrasound Diagnostics.

Key players

GE Healthcare Siemens Healthineers Philips Healthcare Fujifilm Holdings Corporation Canon Medical Systems Corporation Hitachi, Ltd. Mindray Medical International Ltd. Samsung Medison Co. Ltd. Esaote SpA Analogic Corporation

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Market Segmentations For US Diagnostic Ultrasound Market

By Portability

Trolley/Cart-based Ultrasound System
Compact/Handheld Ultrasound System
Point-of-Care (PoC) Ultrasound System

By Technology

Diagnostic Ultrasound
2D Ultrasound
3D & 4D Ultrasound
Doppler Ultrasound
Therapeutic Ultrasound
High-Intensity Focused Ultrasound (HIFU)
Extracorporeal Shockwave Lithotripsy (ESWL)

By Application

Radiology/General Imaging Applications
Cardiology Applications
Obstetrics/Gynecology Applications
Vascular Applications
Urology Applications
Pain Management Applications
Orthopedic and Musculoskeletal Applications
Others

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.