According to a recent analytical report published by Future Market Insights, the global ultrasound devices industry size is on track to achieve remarkable growth, with projected sales reaching US$ 6.6 billion by 2032. The report indicates a substantial increase in market growth from 2022 to 2032, with a compound annual growth rate (CAGR) of 7%. This anticipated growth is significantly higher than the previous trajectory, showcasing a robust outlook for the industry.
One of the key drivers contributing to this remarkable expansion is the increasing adoption of diagnostic ultrasound devices. In 2021, these devices accounted for the largest proportion within the ultrasound devices market. The notable feature of diagnostic ultrasound devices is their ability to provide meaningful soft tissue insights without the use of ionizing radiation. This characteristic not only makes them safer for patients but also positions them as a preferred choice for clinicians and healthcare providers.
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The compound annual growth rate of 7% over the next decade underscores the growing importance and demand for ultrasound devices in various medical applications. As technological advancements continue to enhance the capabilities of these devices, they play a crucial role in improving diagnostic accuracy and patient care across a range of medical specialties.
FMI, a leading player in the ultrasound devices market, is well-poised to capitalize on this anticipated growth. With a commitment to innovation and a track record of delivering cutting-edge medical solutions, FMI is positioned to play a pivotal role in shaping the future of the global ultrasound devices industry.
Key Highlights:
- Global ultrasound devices industry projected to reach US$ 6.6 billion in sales by 2032.
- Compound annual growth rate (CAGR) of 7% from 2022 to 2032 indicates substantial market expansion.
- Diagnostic ultrasound devices, known for their ionizing radiation-free imaging, dominated the market in 2021.
- FMI well-positioned to capitalize on the industry’s growth, with a focus on innovation and quality.
As the global healthcare landscape evolves, FMI remains dedicated to advancing medical imaging solutions that empower healthcare professionals and improve patient outcomes. The positive outlook for the ultrasound devices industry aligns with our mission to contribute to the advancement of healthcare through innovative technology.
Key Takeaways:
- The Ultrasound Devices market in the USA is projected to witness a CAGR of 7.5% from 2022 to 2032 and is estimated to reach a valuation of around US$ 4 billion by 2032.
- The Ultrasound Devices market in China is projected to reach a valuation of US$ 1.4 billion by 2032, growing at a CAGR of 7.1% from 2022 to 2032.
- The Ultrasound Devices market in The United Kingdom was valued at US$ 281.4 million in 2021. The market in the country is expected to reach nearly US$ 572.9 million by 2032.
- The Ultrasound Devices market in Japan is projected to reach a valuation of US$ 577.6 million by 2032, growing at a CAGR of 8% from 2022 to 2032.
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Competitive Analysis:
By Prominent Market Players:
Some of the key players operating in the ultrasound market are GE Healthcare, Koninklijke Philips N.V., Canon Medical Systems, Siemens AG and Samsung Medison.
With an extensive SWOT analysis, the FMI’s study presents the strengths, weaknesses, growth prospects and challenges of each player. The report also includes important data including the sales strategy, pricing strategy, and marketing strategy adopted by these players in the Ultrasound Devices market.
Market Segments Covered in Ultrasound Devices Market Analysis:
By Product Type:
- Diagnostic Ultrasound Devices
- 2D
- 3D/4D
- Doppler
- Therapeutic Ultrasound Devices
- High-intensity Focused Ultrasound
- Extracorporeal Shockwave Lithotrips
By Portability:
- Handheld
- Cart/Trolley
By Application:
- Cardiology
- Obstetrics/Gynaecology
- Vascular
- Orthopaedics
- General Imaging
By End-User:
- Hospitals
- Imaging Centres
- Research centres
By Region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
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About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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