Published: Nov-2022|  Format: PDF | MBI Research |  Number of pages: 140 | Code: MBI-3928936

Next Generation Ultrasound Systems Market Size, Share, Growth & Demand Analysis Report By Product Type (Diagnostic Ultrasound Systems, High-Intensity Focused Ultrasound, Therapeutic Ultrasound Systems, Extracorporeal Shock Wave Lithotripsy, Doppler Ultrasound) By Application (General Imaging, Obstetrics and Gynecology Imaging, Cardiovascular Imaging, Lung Imaging, Vascular Imaging, Urology Imaging, Orthopedics/Musculoskeletal Imaging, Other) Forecast Period 2022-2030

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Market Overview:

The Global Next Generation Ultrasound Systems Market size was valued at USD 8,495 million in 2021 and is projected to register a valuation of USD 19,196 million by 2030, at a Compound Annual Growth Rate (CAGR) of 8.8% over the forecast period 2022-2030. Increasing demand for quality ultrasound systems for the medical sector, availability of technologically advanced products in the field of 3D, 4D, and upcoming 5D ultrasound systems, rising incidence of target diseases, and government funding and R&D investment during Covid-19 are among the reasons.

Ultrasound application allows non-invasive visualization of tissue structures. Real-time ultrasound images are integrated images that result from organ surface reflections and scattering from heterogeneous tissues. Ultrasound scanning is an interactive process involving the operator, the patient, and the ultrasound equipment. Although the physics behind ultrasound generation, propagation, detection, and conversion into practical information is complex, its clinical application is quite simple.

As ultrasound imaging has improved tremendously over the past decade, it may allow the anesthesiologist to directly visualize the target nerve and associated anatomical structures. The device is used to increase productivity and provide high-quality images. The technique has gained instant recognition as a user-friendly device due to its robust applications to a growing patient pool worldwide.

Covid-19 Impact Analysis:

The outbreak of COVID-19 and the subsequent extent of lockdown have impacted the next-generation ultrasound systems market across the globe. As the Covid-19 crisis continues, many global industrial manufacturing companies are facing challenging times including production shutdowns, transportation, supply chain disruptions, cost increases, and workforce disruptions, which negatively affect the next-generation ultrasound systems industry in terms of revenue.

Driving Factors:

The rising prevalence of chronic diseases, growing demand for handheld scanners, and growing awareness about early diagnosis and treatment are some of the key factors that will drive the growth of the global next-generation ultrasound systems market.

The rapid evolution of technology and the development of next-generation ultrasound system components driving the need for innovative ultrasound screening systems are key factors that will continue to drive significant market revenue growth going forward.

Key Market Players:

  • BK Medical ApS (Analogic Corporation)
  • Butterfly Network Inc.
  • Canon Inc.
  • Clarius Mobile Health
  • Esaote SpA
  • Fujifilm Holdings Corporation
  • General Electric Company
  • Healcerion Co. Ltd.
  • Hitachi Ltd.
  • Hologic, Inc.
  • Koninklijke Philips N.V.
  • Samsung Electronics Co. Ltd.
  • Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
  • Shimadzu Corporation
  • Siemens Healthineers AG

Market Segmentation:

The global next generation ultrasound systems market is segmented by type, application, and region. By product type; Diagnostic Ultrasound Systems, High-Intensity Focused Ultrasound, Therapeutic Ultrasound Systems, Extracorporeal Shock Wave Lithotripsy, Doppler Ultrasound. By end-user; Hospitals, Ambulatory Surgical Centers, Diagnostic Centers, Clinics, and Others. By application; General Imaging, Obstetrics and Gynecology Imaging, Cardiovascular Imaging, Lung Imaging, Vascular Imaging, Urology Imaging, Orthopedics/Musculoskeletal Imaging, and Others. By region; Latin America, North America, Europe, Asia-pacific, the Middle East, and Africa.

By Product Type

On the basis of product type, it is expected that the therapeutic ultrasound segment to lead in terms of revenue share during the forecast period due to increasing demand for clinical ultrasound research methods in hospitals.

  • Diagnostic Ultrasound Systems
  • High-Intensity Focused Ultrasound
  • Therapeutic Ultrasound Systems
  • Extracorporeal Shock Wave Lithotripsy
  • Doppler Ultrasound

By Application

The general imaging segment is projected to lead in terms of revenue contribution in the global next-generation ultrasound systems market during the forecast period.

  • General Imaging
  • Obstetrics and Gynecology Imaging
  • Cardiovascular Imaging
  • Lung Imaging
  • Vascular Imaging
  • Urology Imaging
  • Orthopedics/Musculoskeletal Imaging
  • Other

Regional Analysis:

The global next-generation ultrasound systems market is categorized into regions such as Latin America, North America, Europe, Asia-pacific, the Middle East, and Africa.

North America holds the relatively largest share of another regional market in the year 2021. The significant revenue share is mainly attributed to the increasing use of ultrasound screening systems in various medical centers as well as the adoption of portable devices by healthcare providers to provide quality treatment facilities.

 The Asia Pacific region is projected to register a very rapid revenue growth rate during the forecast period. Growing technological advancements in the healthcare sector and the increasing need for better diagnostic equipment in hospitals to provide quality care are expected to drive the revenue growth of the next-generation ultrasound systems market.

Report Coverage:

Market Segmentation:

By Type

  • Diagnostic Ultrasound Systems
  • High-Intensity Focused Ultrasound
  • Therapeutic Ultrasound Systems
  • Extracorporeal Shock Wave Lithotripsy
  • Doppler Ultrasound

By Application

  • General Imaging
  • Obstetrics and Gynecology Imaging
  • Cardiovascular Imaging
  • Lung Imaging
  • Vascular Imaging
  • Urology Imaging
  • Orthopedics/Musculoskeletal Imaging
  • Other

By Region

  • North America-
  • The US
  • Canada
  • Mexico
  • Europe-
  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific-
  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific
  • Latin America-
  • Brazil
  • Argentina
  • Rest of Latin America
  • Middle East & Africa-
  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa



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