Medical Ultrasound Equipment Market Report
Medical Ultrasound Equipment Market, By Type (2D, 3D&4D, Doppler), Application (Radiology/Oncology, Cardiology, Obstetrics & Gynecology, Mammography/Breast, Emergency Medicine, Other), End-Use (Hospital, Clinic, Home Care), and Region - COVID-19 Impact Analysis and Forecast to 2026.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global Medical Ultrasound Equipment market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
Medical Ultrasound Equipment Market, By Type (2D, 3D&4D, Doppler), Application (Radiology/Oncology, Cardiology, Obstetrics & Gynecology, Mammography/Breast, Emergency Medicine, Other), End-Use (Hospital, Clinic, Home Care), and Region ...
Impact of COVID-19 on Medical Ultrasound Equipment Market
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
The Medical Ultrasound Equipment Market is projected to grow from USD 6.1 billion in 2020 to USD 8.1 billion by 2026 at a CAGR of around 7.4% during the forecast period.
Medical ultrasound also called ultrasonography or diagnostic sonography may be a technique supported the appliance of ultrasound to visualise internal body structures like tendons, muscles, blood vessels, and others. Ultrasound devices are defined as imaging machines that use sound waves to come up with images of internal body structures to seek out the source of a specific disease or malfunction in several body parts.
Key players operating in the Medical Ultrasound Equipment market are-
The growth of the medical ultrasound equipment market is primarily driven by widespread use in applications including cardiology, radiology, and obstetrics & gynecology among others. The increasing prevalence of chronic diseases due to changing lifestyles and unhealthy eating habits are likely to drive the market growth at a significant rate during the review period. In addition to this, rising demand for advanced technologies in the healthcare industry is expected to create lucrative opportunities for the players operating in the global medical ultrasound equipment market in the coming years.
By end-use, the medical ultrasound equipment market has been bifurcated into hospital, clinic, and home care. The hospital segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the presence of required infrastructure and skilled staff.
By region, the North American market accounted for the largest market share in 2020 and is projected to grow at a robust CAGR during the review period. This can be attributed to rising healthcare expenditure and early adoption of advanced healthcare technologies in the healthcare industry coupled with the presence of key market players such as General Electric Company (US) and Fujifilm SonoSite (US). The market growth in Asia-Pacific is expected to be driven by the rising number of people suffering from chronic diseases coupled with increasing investment in R&D activities in healthcare.
The COVID-19 outbreak adversely affected the market growth of the Medical ultrasound equipment industry due to the shift of medical treatment for cancer and other diseases to rising coronavirus-affected patients. Patients suffering from cancer were asked to postpone their surgery due to a rapid surge in COVID-19 cases across the globe.
Here is the list of the group of customers that the medical ultrasound equipment market hopes to have the greatest opportunity to convert-
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at firstname.lastname@example.org.
The medical ultrasound equipment market is expected to witness an impressive growth of 7.4% CAGR in the coming years.
General Electric Company (US), Koninklijke Philips N.V. (Netherlands), Siemens AG (Germany), Toshiba Corporation (Japan), Hitachi Medical Corporation (Japan), Mindray Medical International Limited (China), Fujifilm SonoSite (US), Esaote SpA (Italy), Samsung Medison Co., Ltd. (South Korea), Konica Minolta, Inc. (Japan), SonoScape Medical Corp (China) AND Edan Instruments Inc. (China) are among the key players in the medical ultrasound equipment market.
Medical ultrasound equipment market size is expected to reach USD 8.1 billion in the foreseeable future.
The hospital segment is expected to register significant growth in the medical ultrasound equipment market in the next five years.
North America accounted for the largest share in the medical ultrasound equipment market in 2020.
Medical ultrasound equipment distributors, Medical ultrasound equipment suppliers, Medical ultrasound equipment manufacturers, Logistics organizations, Government bodies are the target audience in the medical ultrasound equipment market.