Ultrasound Equipment Market 2023-2027; Segmentation by product type, end-user and geography; CAGR accelerating at 5.24% by 2027- Technavio

NEW YORK, June 23, 2023 /PRNewswire/ -- Ultrasound equipment market report goes into detail on market segmentation by product type (stationary ultrasound equipment and portable ultrasound equipment), end-user (hospitals, imaging centers, research centers, and others), and geography (North America, Asia, Europe, and Rest of World(ROW)). The stationary ultrasound equipment segment will gain a major proportion of the ultrasound devices market over the projected period. This is the most popular type of ultrasound equipment used in healthcare institutions. It is mounted on a platform, cart, or trolley and contains high-resolution technologies for accurate real-time imaging.

According to projections, the market size will grow by USD 2,346.7 million during the forecast period. Ultrasound equipment has a broader range of uses and hence it is one of the factors driving the market for ultrasound equipment. Other factors such as image quality advancements, volumetric ultrasonography, and new technologies are becoming increasingly popular and are expected to increase demand. Between 2022 and 2027, the market for ultrasound equipment is anticipated to expand at a CAGR of 5.24%. 

Major ultrasound equipment market trends:

An important trend in the market for ultrasound equipment is artificial intelligence integration in ultrasound. With minimum user intervention, automation and AI integration provide visual mapping and annotation of the screened anatomy. For example, the newest Konica Minolta Sonimage HS1 model employs AI-voice recognition controls for hands-free operation. Similarly, GE Healthcare increased its AI, digital, and imaging solutions in 2020, launching a package that featured the LOGIQ E10 Series, an ultrasound system that used AI technology to cater to the growth in workflow efficiency during the COVID-19 pandemic.

During the predicted period, the application of AI in ultrasound equipment will grow even more.

Know more about the trends such as cloud wireless technology advancement along with market challenges. Click here to get the sample report!

About ultrasound equipment market customer landscape & market vendors:

The market study covers the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on penetration-based adoption rates in various regions. Furthermore, the research offers important buying criteria and price sensitivity drivers to assist businesses in evaluating and developing their growth strategy. 

Some of the prominent market participants are BenQ Medical Technology Corp., Boston Scientific Corp., and Canon Inc. This ultrasound equipment market prediction research includes a complete study of the major industry vendors in order to assist businesses in strengthening their market presence. The research also provides industry executives with information on the competition environment as well as insights into the various product offerings provided by various organizations.

In the Ultrasound Equipment market, there are several other prominent vendors, and manufacturers are increasing their market position through various techniques such as strategic alliances, collaborations, mergers and acquisitions, regional growth, and product/service launches.

Learn more about vendors such as Carestream Health Inc., ContextVision AB, EchoNous Inc. and other vendors in the market. Click here to get sample reports for more insights!

Regional insights :

During the forecast period, North America is expected to contribute 35% of worldwide market growth. Medical professionals' use of modern ultrasound technologies such as Doppler, 3D, 4D, and 5D for obstetric and gynecological applications has resulted in enhanced female and fetal health. As a result, a consistent increase in fertility rates and easy access to medical services will fuel market expansion during the projection period. 

Related Reports:

Food Ultrasound Market: Between 2022 and 2027, the food ultrasound market is expected to develop at a CAGR of 7.06%. The market's size is expected to grow by USD 98.44 million. The market's growth is dependent on various factors, including rising demand for food safety and quality, rising need for food waste reduction, and expanding demand for processed food.

Refurbished Medical Imaging Equipment Market: The market for reconditioned medical imaging equipment is expected to develop at a 7.63% CAGR between 2022 and 2027. The market is expected to grow by USD 5,892.42 million. The market's growth is dependent on a number of variables, including rising demand for cost-effective and efficient medical imaging technologies, more privatization in the healthcare sector, and increased sales through internet marketing.

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Ultrasound Equipment Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist ultrasound equipment market growth during the next five years
• Estimation of the ultrasound equipment market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the ultrasound equipment market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of ultrasound equipment market vendors

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Table of Contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global ultrasound equipment market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global ultrasound equipment market 2017 - 2021 ($ million)

• 4.2 Product type Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Product type Segment 2017 - 2021 ($ million)

• 4.3 End-user Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Product Type

• 6.1 Market segments 
• Exhibit 30: Chart on Product Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product Type - Market share 2022-2027 (%)

• 6.2 Comparison by Product Type 
• Exhibit 32: Chart on Comparison by Product Type
• Exhibit 33: Data Table on Comparison by Product Type

• 6.3 Stationary ultrasound equipment - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Stationary ultrasound equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Stationary ultrasound equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Stationary ultrasound equipment - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Stationary ultrasound equipment - Year-over-year growth 2022-2027 (%)

• 6.4 Portable ultrasound equipment - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Portable ultrasound equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Portable ultrasound equipment - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Portable ultrasound equipment - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Portable ultrasound equipment - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Product Type 
• Exhibit 42: Market opportunity by Product Type ($ million)
• Exhibit 43: Data Table on Market opportunity by Product Type ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 46: Chart on Comparison by End-user
• Exhibit 47: Data Table on Comparison by End-user

• 7.3 Hospitals - Market size and forecast 2022-2027
• Exhibit 48: Chart on Hospitals - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Hospitals - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Hospitals - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Hospitals - Year-over-year growth 2022-2027 (%)

• 7.4 Imaging centers - Market size and forecast 2022-2027
• Exhibit 52: Chart on Imaging centers - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Imaging centers - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Imaging centers - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Imaging centers - Year-over-year growth 2022-2027 (%)

• 7.5 Research centers - Market size and forecast 2022-2027
• Exhibit 56: Chart on Research centers - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Research centers - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Research centers - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Research centers - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
• Exhibit 60: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by End-user 
• Exhibit 64: Market opportunity by End-user ($ million)
• Exhibit 65: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Asia - Market size and forecast 2022-2027
• Exhibit 75: Chart on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.5 Europe - Market size and forecast 2022-2027
• Exhibit 79: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 
• Exhibit 83: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027
• Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 Germany - Market size and forecast 2022-2027
• Exhibit 91: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.9 UK - Market size and forecast 2022-2027
• Exhibit 95: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.10 China - Market size and forecast 2022-2027
• Exhibit 99: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.11 Japan - Market size and forecast 2022-2027
• Exhibit 103: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ million)
• Exhibit 108: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 Boston Scientific Corp. 
• Exhibit 115: Boston Scientific Corp. - Overview
• Exhibit 116: Boston Scientific Corp. - Business segments
• Exhibit 117: Boston Scientific Corp. - Key news
• Exhibit 118: Boston Scientific Corp. - Key offerings
• Exhibit 119: Boston Scientific Corp. - Segment focus

• 12.4 Canon Inc. 
• Exhibit 120: Canon Inc. - Overview
• Exhibit 121: Canon Inc. - Business segments
• Exhibit 122: Canon Inc. - Key offerings
• Exhibit 123: Canon Inc. - Segment focus

• 12.5 Carestream Health Inc. 
• Exhibit 124: Carestream Health Inc. - Overview
• Exhibit 125: Carestream Health Inc. - Product / Service
• Exhibit 126: Carestream Health Inc. - Key offerings

• 12.6 Chison Medical Technologies Co. Ltd.
• Exhibit 127: Chison Medical Technologies Co. Ltd. - Overview
• Exhibit 128: Chison Medical Technologies Co. Ltd. - Product / Service
• Exhibit 129: Chison Medical Technologies Co. Ltd. - Key offerings

• 12.7 ContextVision AB 
• Exhibit 130: ContextVision AB - Overview
• Exhibit 131: ContextVision AB - Product / Service
• Exhibit 132: ContextVision AB - Key offerings

• 12.8 Esaote Spa 
• Exhibit 133: Esaote Spa - Overview
• Exhibit 134: Esaote Spa - Product / Service
• Exhibit 135: Esaote Spa - Key offerings

• 12.9 FUJIFILM Corp. 
• Exhibit 136: FUJIFILM Corp. - Overview
• Exhibit 137: FUJIFILM Corp. - Business segments
• Exhibit 138: FUJIFILM Corp. - Key news
• Exhibit 139: FUJIFILM Corp. - Key offerings
• Exhibit 140: FUJIFILM Corp. - Segment focus

• 12.10 GE Healthcare Technologies Inc. 
• Exhibit 141: GE Healthcare Technologies Inc. - Overview
• Exhibit 142: GE Healthcare Technologies Inc. - Business segments
• Exhibit 143: GE Healthcare Technologies Inc. - Key offerings
• Exhibit 144: GE Healthcare Technologies Inc. - Segment focus

• 12.11 GlobalMed 
• Exhibit 145: GlobalMed - Overview
• Exhibit 146: GlobalMed - Product / Service
• Exhibit 147: GlobalMed - Key offerings

• 12.12 Hologic Inc. 
• Exhibit 148: Hologic Inc. - Overview
• Exhibit 149: Hologic Inc. - Business segments
• Exhibit 150: Hologic Inc. - Key news
• Exhibit 151: Hologic Inc. - Key offerings
• Exhibit 152: Hologic Inc. - Segment focus

• 12.13 Konica Minolta Inc. 
• Exhibit 153: Konica Minolta Inc. - Overview
• Exhibit 154: Konica Minolta Inc. - Business segments
• Exhibit 155: Konica Minolta Inc. - Key news
• Exhibit 156: Konica Minolta Inc. - Key offerings
• Exhibit 157: Konica Minolta Inc. - Segment focus

• 12.14 Koninklijke Philips NV 
• Exhibit 158: Koninklijke Philips NV - Overview
• Exhibit 159: Koninklijke Philips NV - Business segments
• Exhibit 160: Koninklijke Philips NV - Key news
• Exhibit 161: Koninklijke Philips NV - Key offerings
• Exhibit 162: Koninklijke Philips NV - Segment focus

• 12.15 Mindray Bio medical Electronics Co. Ltd
• Exhibit 163: Mindray Bio medical Electronics Co. Ltd - Overview
• Exhibit 164: Mindray Bio medical Electronics Co. Ltd - Product / Service
• Exhibit 165: Mindray Bio medical Electronics Co. Ltd - Key offerings

• 12.16 Samsung Electronics Co. Ltd. 
• Exhibit 166: Samsung Electronics Co. Ltd. - Overview
• Exhibit 167: Samsung Electronics Co. Ltd. - Business segments
• Exhibit 168: Samsung Electronics Co. Ltd. - Key news
• Exhibit 169: Samsung Electronics Co. Ltd. - Key offerings
• Exhibit 170: Samsung Electronics Co. Ltd. - Segment focus

• 12.17 Siemens AG 
• Exhibit 171: Siemens AG - Overview
• Exhibit 172: Siemens AG - Business segments
• Exhibit 173: Siemens AG - Key news
• Exhibit 174: Siemens AG - Key offerings
• Exhibit 175: Siemens AG - Segment focus

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 176: Inclusions checklist
• Exhibit 177: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 178: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 179: Research methodology
• Exhibit 180: Validation techniques employed for market sizing
• Exhibit 181: Information sources

• 13.5 List of abbreviations 
• Exhibit 182: List of abbreviations

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