The Latest Ultrasound Devices Industry Statistics Explained
The global ultrasound devices market size was valued at USD 6.12 Billion in 2020.
This statistic indicates that the total market value of ultrasound devices worldwide in 2020 reached USD 6.12 billion. The measurement serves as an indicator of the financial scale and importance of the ultrasound devices industry on a global level during that year. This figure includes the total monetary value of ultrasound equipment, technology, services, and related products sold and used across various sectors such as healthcare, veterinary medicine, and industrial applications. A growth or decline in this market size over time can provide insights into trends, demand, and advancements within the ultrasound industry, informing stakeholders and decision-makers about the market’s trajectory and significance.
The market is projected to reach USD 10.44 Billion by 2027.
This statistic indicates the forecasted value of the market in terms of revenue, with a projection of the market reaching USD 10.44 Billion by the year 2027. This implies an expected growth in the market size and value over the specified time period, possibly driven by factors such as increasing demand, technological advancements, market trends, and other influencing forces. Such projections are useful for businesses, investors, policymakers, and other stakeholders to understand the potential size and opportunities in the market, aiding in decision-making and strategic planning for the future.
The global Ultrasound Devices Industry is expected to expand at a CAGR of 6.1% during 2021-2027.
This statistic indicates that the global Ultrasound Devices Industry is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.1% over the period from 2021 to 2027. The CAGR is a useful metric that represents the annual growth rate of an industry over a specified time frame, providing a smooth average of growth over that period. In this case, a CAGR of 6.1% suggests a steady and consistent expansion in the market for ultrasound devices, indicating increasing demand for such technologies and products. This growth rate can be influenced by factors such as technological advancements, rising healthcare investments, and an expanding patient population needing ultrasound services worldwide.
Diagnostic ultrasound devices segment held a market share of 27.4% in the global Ultrasound Devices Industry.
This statistic means that among all the different types of ultrasound devices available in the global ultrasound devices industry, the segment focused on diagnostic ultrasound devices accounted for 27.4% of the total market share. This indicates that diagnostic ultrasound devices are a significant and popular category within the industry, likely due to their widespread use in medical imaging for various diagnostic purposes. The high market share suggests that there is a strong demand for these devices, highlighting their importance in healthcare settings and their appeal to medical professionals and patients worldwide.
North America dominated the global ultrasound devices market in 2019.
The statistic “North America dominated the global ultrasound devices market in 2019” indicates that North America had the largest market share in terms of sales, revenue, or other relevant metrics related to ultrasound devices compared to other regions worldwide in the year 2019. This domination suggests that North America had the highest level of demand, adoption, and utilization of ultrasound devices in various healthcare settings within the region during that particular year. Factors contributing to North America’s dominance may include advanced healthcare infrastructure, higher medical spending, technological advancements, favorable reimbursement policies, and a larger number of healthcare facilities offering ultrasound services compared to other regions globally.
Asia Pacific ultrasound devices market is anticipated to witness the fastest growth over the forecast period.
The statistic indicates that the ultrasound devices market in the Asia Pacific region is projected to experience rapid expansion compared to other regions during the specified forecast period. This growth could be driven by factors such as increasing healthcare investments, rising prevalence of chronic diseases, technological advancements in ultrasound technology, and improving healthcare infrastructure in the region. The rising demand for diagnostic imaging procedures, particularly in countries with large populations like China and India, may also contribute to the anticipated fast growth of the ultrasound devices market in the Asia Pacific region. Overall, this statistic highlights the potential opportunities for growth and development within the ultrasound devices market in Asia Pacific in the coming years.
Therapeutic ultrasound segment is expected to register a CAGR of 6% over the forecast period.
This statistic indicates that the therapeutic ultrasound segment is projected to experience a Compound Annual Growth Rate (CAGR) of 6% over the forecast period. A CAGR of 6% means that on average, the market size for therapeutic ultrasound is expected to increase by 6% annually over the specified period. This growth rate suggests a positive trend in the demand for therapeutic ultrasound devices and treatments, likely driven by factors such as technological advancements, increasing prevalence of musculoskeletal disorders, and a growing awareness of the benefits of ultrasound therapy. Overall, this statistic forecasts a promising future for the therapeutic ultrasound market with steady growth expected in the coming years.
China held the largest share of the Asia Pacific ultrasound devices market in 2020.
This statistic indicates that in 2020, China accounted for the highest proportion of the total market for ultrasound devices in the Asia Pacific region. This suggests that China had the largest market demand and consumption of ultrasound devices compared to other countries in the region. Factors such as the size and growth of China’s healthcare industry, advancements in medical technology, and increasing healthcare expenditure may have contributed to China’s dominant position in the ultrasound devices market. This data highlights China’s significance in the healthcare sector and its influence on the overall market dynamics in the Asia Pacific region.
In 2019, the gynecology segment accounted for the largest revenue in the European ultrasound devices market.
This statistic indicates that in the year 2019, the gynecology segment generated the highest revenue among all segments in the European ultrasound devices market. This suggests that ultrasound devices used specifically for gynecological purposes, such as prenatal care, fertility assessment, and diagnosing gynecological conditions, were in high demand and contributed significantly to the overall market revenue. The prominence of the gynecology segment in the market reflects the importance of ultrasound technology in women’s healthcare and highlights the potential for further growth and innovation in this specific area within the European market.
By 2027, the diagnostic ultrasound devices segment is expected to grow at a CAGR of 5.6%.
This statistic indicates that the market for diagnostic ultrasound devices is projected to experience steady growth over the period from now until 2027, with a Compound Annual Growth Rate (CAGR) of 5.6%. This means that on average, the market size for diagnostic ultrasound devices is expected to increase by 5.6% per year for the next several years. This growth rate suggests a positive outlook for the industry, indicating increasing demand for diagnostic ultrasound technology and potential expansion opportunities for companies operating in this sector. The forecasted CAGR serves as a useful metric for investors, businesses, and healthcare professionals to understand the expected growth trajectory of the diagnostic ultrasound devices segment and make informed decisions regarding investments, product development, and strategic planning.
The global market demand for portable ultrasound devices was USD 3.05 billion in 2021.
The statistic stating that the global market demand for portable ultrasound devices reached USD 3.05 billion in 2021 indicates the total value of purchases and consumption of these devices on a worldwide scale during that year. This figure reflects the significant demand and utilization of portable ultrasound devices across various industries such as healthcare, veterinary care, and industrial applications. The high market value also suggests a growing preference for portable ultrasound devices due to their mobility, versatility, and technological advancements in imaging capabilities. This statistic serves as a key indicator of the strong market presence and financial value associated with portable ultrasound devices in the global economy in 2021.
By 2028, the ultrasound devices market in Latin America is anticipated to reach USD 1.42 billion.
The statistic indicates that the ultrasound devices market in Latin America is expected to experience significant growth over the next few years, with a projected market value of USD 1.42 billion by the year 2028. This suggests a strong demand for ultrasound devices in the region, likely driven by factors such as technological advancements, increasing healthcare infrastructure, and a growing emphasis on diagnostic imaging services. The forecasted market value serves as a key indicator of the potential market opportunities and economic impact within the healthcare industry in Latin America, highlighting a favorable outlook for the ultrasound devices sector in the coming years.
The ultrasound devices market in the Middle East & Africa was valued at around USD 550 million in 2020.
The statistic indicating that the ultrasound devices market in the Middle East & Africa reached a value of approximately USD 550 million in 2020 reflects the total revenue generated by sales of ultrasound equipment within the region during that year. This statistic suggests that the market for ultrasound devices in the Middle East & Africa is substantial and continues to grow, highlighting the importance of medical imaging technology in this region. Factors driving the market growth may include an increasing adoption of advanced medical technologies, improving healthcare infrastructure, and a rise in the prevalence of chronic diseases that require diagnostic imaging services.
In 2019, the cardiology ultrasound devices segment accounted for 20% revenue share.
This statistic indicates that in 2019, the cardiology ultrasound devices segment generated revenue equivalent to 20% of the total revenue in the overall market for medical ultrasound devices. This suggests that cardiology ultrasound devices were a significant contributor to the industry’s revenue during that period. The relatively high revenue share of 20% suggests that there was a strong demand for cardiology ultrasound devices in 2019, potentially driven by various factors such as technological advancements, increased prevalence of cardiovascular diseases, or shifting preferences among healthcare providers towards using ultrasound technology for cardiology purposes. This statistic highlights the importance and market presence of cardiology ultrasound devices within the broader medical ultrasound devices market in 2019.
Portable ultrasound devices are projected to exhibit a CAGR of 6.2% during 2021-2027.
This statistic indicates that the market for portable ultrasound devices is expected to grow at a Compound Annual Growth Rate (CAGR) of 6.2% between the years 2021 and 2027. A CAGR of 6.2% means that on average, the market size for portable ultrasound devices is projected to increase by 6.2% each year over this period. This steady growth rate suggests a positive trend in the demand and adoption of portable ultrasound devices, possibly driven by factors such as technological advancements, increased accessibility to healthcare services, and the convenience and portability of these devices. Overall, this statistic highlights a promising future outlook for the market of portable ultrasound devices in the upcoming years.
The ultrasound devices industry is expected to create an incremental opportunity of nearly USD 3 billion from 2021 to 2027.
The statistic indicates that the ultrasound devices industry is projected to achieve additional revenue amounting to approximately USD 3 billion between the years 2021 and 2027. This incremental opportunity represents the potential growth and expansion that the industry can experience within this specified timeframe. Factors such as technological advancements, increased demand for healthcare services, and expanding applications of ultrasound technology are likely driving this projected growth. This statistic suggests a positive outlook for the ultrasound devices market, signaling opportunities for companies within the industry to capitalize on this potential growth and further strengthen their market position.
In 2021, the General Electric Co. held approximately 20% of the market share in the global ultrasound devices market.
The statistic indicates that in 2021, General Electric Co. had a significant presence in the global ultrasound devices market, holding an estimated market share of around 20%. This suggests that General Electric Co. was one of the leading players in the industry, competing with other companies to provide ultrasound devices worldwide. A 20% market share demonstrates a substantial portion of the market controlled by General Electric Co., highlighting its strong position and influence within the ultrasound devices sector. This information can be valuable for investors, competitors, and stakeholders in assessing the company’s performance and position in the market.
The ultrasound devices market in India is projected to witness a growth rate of 8.2% from 2021 to 2027.
The statistic indicates that the ultrasound devices market in India is expected to experience a significant increase in size over the period from 2021 to 2027, with a projected growth rate of 8.2%. This growth rate suggests that the demand for ultrasound devices is likely to rise steadily during this time frame, driven by factors such as increasing healthcare investments, technological advancements in ultrasound technology, and a growing awareness of the benefits of ultrasound diagnostics. The projection of 8.2% growth highlights a positive trend in the healthcare industry in India, signifying potential opportunities for businesses operating in the ultrasound devices market to expand their market presence and capitalize on the rising demand for advanced medical imaging technologies.
The teleradiology segment is expected to hold a significant share in the ultrasound devices market by 2027.
The statement suggests that the teleradiology segment of the ultrasound devices market is anticipated to have a considerable presence and impact by the year 2027. This indicates that the use of teleradiology technology in the context of ultrasound devices is expected to grow substantially, possibly driven by advancements in telecommunication technology, increasing demand for remote healthcare services, and the convenience and efficiency offered by teleradiology in medical imaging interpretation and diagnosis. As a result, teleradiology is projected to be a major factor shaping the ultrasound devices market landscape in the future, potentially influencing market dynamics, competition among industry players, and overall market growth and revenue.
The 3D and 4D ultrasound sub-segment was worth around 1.03 billion dollars in the year 2015.
The statistic indicates that the 3D and 4D ultrasound sub-segment generated approximately 1.03 billion dollars in revenue in the year 2015. This figure represents the market value associated with the utilization and sales of advanced ultrasound imaging technology specifically geared towards providing three-dimensional and four-dimensional images of fetus development during pregnancy. The substantial revenue generated highlights the increasing demand for enhanced imaging capabilities in healthcare settings, particularly in obstetrics. The growing adoption of 3D and 4D ultrasound technology speaks to its efficacy in providing detailed and comprehensive visualizations, contributing to the overall market value within the ultrasound industry and underscoring its significance in modern medical practice.
Conclusion
Based on the statistics presented, the ultrasound devices industry is experiencing a steady growth and is expected to continue expanding in the coming years. The increasing demand for advanced medical imaging technologies, coupled with technological advancements in ultrasound devices, is driving this growth. As more healthcare facilities adopt ultrasound technology for diagnostic and therapeutic purposes, the market for ultrasound devices is poised for further development. It is evident that the ultrasound devices industry will play a crucial role in the healthcare sector, offering innovative solutions for improved patient care and outcomes.
References
0. – https://www.www.globenewswire.com
1. – https://www.www.alliedmarketresearch.com
2. – https://www.www.grandviewresearch.com
3. – https://www.www.fortunebusinessinsights.com
4. – https://www.www.adroitmarketresearch.com
