August 31, 2023 09:08 ET | Source: Research and Markets Research and Markets
Dublin, Aug. 31, 2023 (GLOBE NEWSWIRE) -- The "Ultrasound Market by Technology (2D, 3D, Doppler, Contrast-Enhanced, HIFU, ESWL), Component (Workstation, Probe), Type (Cart, Handheld, PoC), Application (OB/GYN, CVD, Urology, Ortho), End User (Hospitals, Clinics, ASCs) & Region - Global Forecast to 2028" report has been added to ResearchAndMarkets.com's offering. Ultrasound Ultrasound
The global ultrasound market is on a robust growth trajectory, projected to achieve USD 11.6 billion by 2028, from USD 8.5 billion in 2023, with a remarkable Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period.
Several factors including the prevalence of target diseases, increasing awareness about early disease diagnosis, the proliferation of diagnostic imaging centers, and rapid adoption of advanced ultrasound features drive this market expansion.
Technology: The ultrasound market segments into diagnostic ultrasound, therapeutic ultrasound, and contrast-enhanced ultrasound. Among these, diagnostic ultrasound encompasses 2D, 3D, 4D, Doppler, and contrast-enhanced ultrasound. The 2D diagnostic ultrasound sub-systems hold the largest market share due to their real-time imaging, non-invasiveness, high-resolution images, and portability advantages.
Portability: Ultrasound's portability options include trolley/cart-based, compact/handheld, and point-of-care (PoC) ultrasound systems. While trolley/cart-based systems dominated in 2022, the point-of-care (PoC) ultrasound segment is expected to register the highest CAGR during the forecast period. Trolley/cart-based systems find favor in acute care settings, emergency care, and hospitals.
Device Display: The market's device display is categorized into black & white ultrasound and color ultrasound devices. The color ultrasound devices segment held the largest market share in 2020, attributed to their superior image quality, higher resolution, cost reductions, and broader distribution networks in emerging markets.
North America's ultrasound market is set to register a CAGR during the forecast period. This growth is driven by extensive healthcare spending, rising prevalence of target diseases, technological innovations, and increased cosmetic surgeries.
The ultrasound market is advanced by pioneering companies including:
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