Global Next-Generation Ultrasound System

Global Next-Generation Ultrasound System Market Research Report: Forecast (2021-2026)

By Product Type (Diagnostic Ultrasound Systems, Therapeutic Ultrasound Systems {High-Intensity Focused Ultrasound, Extracorporeal Shock Wave Lithotripsy, Doppler Ultrasound}), By Technology (4D/3D Ult Read more

  • Healthcare
  • May 2021
  • 211
  • HC10233

Market Overview

The next-generation ultrasound system is a device that helps in integrating the number of imaging diagnoses related to a wide variety of clinical segments. This device is beneficial for making the diagnostic work more effectively using different technological aspects. Moreover, it is better in terms of quality, mobility, and affordability than the standard ultrasound system. 

According to the MarkNtel Advisors' research report, "Global Next-Generation Ultrasound System Market Analysis, 2021," the market is likely to grow at a CAGR of around 5% during 2021-26 due to the surging demand for high-quality ultrasound systems in the healthcare sector and rapid adoption of technologically advanced devices like 3D, 4D, and future 5D ultrasound systems.

Further, the mounting prevalence of target diseases and snowballing government investments to support the R&D activities for developing next-generation ultrasound devices are primary factors fueling the market growth.

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR (2021-2026) 5%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, UK, France, Spain, Russia
Asia-Pacific: China, India, Japan, South Korea
South America: Brazil
Middle East & Africa: UAE, Saudi Arabia, South Africa
Key Companies Profiled 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, Others
Unit Denominations USD Million/Billion

 

Impact of COVID-19

The sudden outbreak of the COVID-19 pandemic has adversely affected the Global Next-Generation Ultrasound System Market due to the lockdown imposition, movement restrictions, and stringent regulations and guidelines regarding the opening of manufacturing units, private clinics, and other laboratories. Moreover, supply chain disruptions, the declining number of skilled staff, and recruitment challenges for clinical trials further restrained the market growth.

Global Next-Generation Ultrasound System Market Research Report: Forecast (2021-2026)

Market Segmentation

Doppler Ultrasound Systems Accounted for the Largest Market Share

Based on the Product Type, the market segments into Diagnostic Ultrasound Systems and Therapeutic Ultrasound Systems. The Therapeutic Ultrasound Systems further bifurcates into High-Intensity Focused Ultrasound, Extracorporeal Shock wave Lithotripsy, and Doppler Ultrasound.

Among these segments, Doppler Ultrasound acquired the largest share in the Global Next-Generation Ultrasound System Market in the previous few years, primarily because it can prove sharper images in a short duration.

Further, due to the rapid penetration of technologically advanced systems across the world, Doppler Ultrasound has gained tremendous popularity in the past few years, cites MarkNtel Advisors in their research report, "Global Next-Generation Ultrasound System Market Analysis, 2021."

Cart/Trolley Based Systems Attained the Highest Market Share

Based on Portability, the market bifurcates into Cart/Trolley Based Systems, Handheld Devices & Wearable, and Portable Systems. Among these segments, Cart/Trolley Based Systems dominated the Global Next-Generation Ultrasound system Market in the previous few years due to the rapid adoption of these technologically advanced systems across the globe and the surging usage of ultrasound systems in acute care settings & emergency care in hospitals, healthcare institutions, and clinics. Thus, the segment contributes to the overall growth of the Global Next-Generation Ultrasound System Market.

Regional Landscape

North America Dominated the Market

Geographically, North America held the largest share in the Global Next-Generation Ultrasound System Market and is likely to maintain its dominance in the forecast period due to the surging penetration rate of the devices in the United States. Additionally, the rising adoption of portable devices by the end-users is likely to fuel the market growth. Further, the soaring involvements of prominent industry players engaging in the launch of new products, mounting prevalence of chronic diseases, and snowballing healthcare expenditure in the region also propel the growth of the Global Next-Generation Ultrasound System Market.

Market Driver

Mounting Technological Advancement in the Ultrasound Systems Fuel the Market Growth

One of the most primary factors accelerating the growth of the Global Next-Generation Ultrasound System Market is the integration of advanced technologies in the ultrasound systems. The need for more precise and accurate imaging requires a high-end ultrasound machine, thereby fueling the demand for the next-generation ultrasound system. Besides, its increasing applications and surging patient comfort levels due to less scan time required further propel the overall market growth.

Competitive Landscape

According to MarkNtel Advisors, the major leading players in the global Next-Generation Ultrasound System market are 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., Hologic, Inc., Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Shimadzu Corporation, and Siemens Healthineers AG.

Key Questions Answered in the Market Research Report:

  1. What are the overall market statistics or estimates (Market Overview, Market Size- by Value, Forecast Numbers, Market Segmentation, and Market Shares) of the Global Next-Generation Ultrasound System Market?
  2. What is the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Next-Generation Ultrasound System Market? 
  4. Who are the key competitors, their key strengths & weaknesses, and how they perform in the Global Next-Generation Ultrasound System Market based on a competitive benchmarking matrix?
  5. What are the key results derived from the market surveys conducted during the Global Next-Generation Ultrasound System Market study?

Market Outlook, Segmentation and Statistics 

  • Impact of COVID-19 on Global Next-Generation Ultrasound System Market
  • Market Size & Analysis
    • By Revenue
  • Market Share & Analysis
    • By Product Type
      • Diagnostic Ultrasound Systems
      • Therapeutic Ultrasound Systems
      • High-Intensity Focused Ultrasound
      • Extracorporeal Shock Wave Lithotripsy
      • Doppler Ultrasound
    • By Technology
      • 4D/3D Ultrasound Systems
      • 2D Ultrasound Systems
      • Fusion Imaging Tissue Harmonic Imaging
    • By Application
      • General Imaging
      • Cardiovascular Imaging
      • Vascular Imaging
      • Obstetrics and Gynecology Imaging
      • Lung Imaging
      • Urology Imaging
      • Orthopedics Imaging
      • Others (kidney, Abdomen Imaging)
    • By Portability
      • Cart/Trolley Based Systems
      • Handheld Devices and Wearable
      • Portable Systems
    • By End-Users
      • Hospitals
      • Diagnostics Laboratories and Imaging Centers
      • Clinics
      • Ambulatory Surgical Center
    • By Region
      • North America
      • South America
      • Europe
      • Middle East & Africa
      • Asia-Pacific
    • By Competitors
      • Competition Characteristics
      • Market Share & Analysis
      • Competitive Matrix
  • Global Next-Generation Ultrasound System Market Hotspots & Opportunities
  • Global Next-Generation Ultrasound System Market Regulations & Policy
  • Key Strategic Imperatives for Success and Growth
  • Global Competition Outlook
    • Competition Matrix
    • Company Profile

Frequently Asked Questions

A. The historical data has been provided since 2016, while the base year is 2020, and the data forecast is up to 2026.

A. The measuring units of market size/industry size or the market value are USD Million

A. The Global Next-Generation Ultrasound System Market is forecast to grow at a CAGR of 7% during 2021-26.

A. 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., Hologic, Inc., Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Shimadzu Corporation, and Siemens Healthineers AG are few of the leading players in the Global Next-Generation Ultrasound System Market.

A. Doppler Ultrasound is likely to attain the highest CAGR during the forecast period and maintain its significant market share.

A. North America continues to grow at the highest CAGR during 2021-26, thereby presenting immense opportunities to market players of the Global Next-Generation Ultrasound System Market.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of COVID-19 on Global Next-Generation Ultrasound Systems Market
  5.  Global Next-Generation Ultrasound Systems Market Trends & Insights
  6.  Global Next-Generation Ultrasound Systems Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  7.  Global Next-Generation Ultrasound Systems Market Hotspot & Opportunities
  8.  Global Next-Generation Ultrasound Systems Market Key Strategic Imperatives for Success & Growth
  9. Startup Ecosystems in Global Next-Generation Ultrasound Market, 2020
    1. Entrepreneurial Activity
    2. Year on Year Funding Received
    3. Funding Received by Top Companies
    4. Key Investors Active in the Market
    5. Series Wise Funding Received
      1. Seed Funding
      2. Angel Investing
      3. Venture
      4. Others
  10. Advancement in Global Ultrasound System Market (2016-2021)
  11. Global Next-Generation Ultrasound Systems Market Outlook, 2016- 2026F
    1. Market Size and Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Product Type
        1. Diagnostic Ultrasound Systems
        2. Therapeutic Ultrasound Systems
          1. High-Intensity Focused Ultrasound
          2. Extracorporeal Shock Wave Lithotripsy
          3. Doppler Ultrasound
      2. By Technology
        1. 4D/3D Ultrasound Systems
        2. 2D Ultrasound Systems
        3. Fusion Imaging Tissue Harmonic Imaging
      3. By Application
        1. General Imaging
        2. Cardiovascular Imaging
        3. Vascular Imaging
        4. Obstetrics and Gynecology Imaging
        5. Lung Imaging
        6. Urology Imaging
        7. Orthopedics Imaging
        8. Others (kidney, Abdomen Imaging)
      4. By Portability
        1. Cart/Trolley Based Systems
        2. Handheld Devices and Wearables
        3. Portable Systems
      5. By End-Users
        1. Hospitals
        2. Diagnostics Laboratories and Imaging Centers
        3. Clinics
        4. Ambulatory Surgical Center
      6. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      7. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Metrix
  12. North America Next-Generation Ultrasound Systems Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Product Type
      2. By Technology
      3. By Application
      4. By Portability
      5. By End-Users
      6. By Country
        1. The US
        2. Canada
        3. Mexico
    3. The US Next-Generation Ultrasound Systems Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Portability
        2. By Application
    4. Canada Next-Generation Ultrasound Systems Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Portability
        2. By Application
    5. Mexico Next-Generation Ultrasound Systems Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Portability
        2. By Application
  13. South America Next-Generation Ultrasound Systems Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Product Type
      2. By Technology
      3. By Application
      4. By Portability
      5. By End-Users
      6. By Country
        1. Brazil
        2. Others
    3. Brazil Next-Generation Ultrasound Systems Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Portability
        2. By Application
  14. Europe Next-Generation Ultrasound Systems Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Product Type
      2. By Technology
      3. By Application
      4. By Portability
      5. By End-Users
      6. By Country
        1. Germany
        2. The UK
        3. France
        4. Russia
        5. Others
    3. Germany Next-Generation Ultrasound Systems Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Portability
        2. By Application
    4. The UK Next-Generation Ultrasound Systems Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Portability
        2. By Application
    5. France Next-Generation Ultrasound Systems Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Portability
        2. By Application
    6. Russia Next-Generation Ultrasound Systems Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Portability
        2. By Application
    7. Spain Next-Generation Ultrasound Systems Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Portability
        2. By Application
    8. Sweden Next-Generation Ultrasound Systems Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Portability
    9. Switzerland Next-Generation Ultrasound Systems Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Portability
        2. By Application
        3. By Application
  15. Middle East & Africa Next-Generation Ultrasound Systems Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Product Type
      2. By Technology
      3. By Application
      4. By Portability
      5. By End-Users
      6. By Country
        1. UAE
        2. Saudi Arabia
        3. South Africa
        4. Others
  16. Asia-Pacific Next-Generation Ultrasound Systems Market Outlook, 2016-2026F
    1. Market Size & Analysis
      1. Market Revenues
    2. Market Share & Analysis
      1. By Product Type
      2. By Technology
      3. By Application
      4. By Portability
      5. By End-Users
      6. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Others
    3. China Next-Generation Ultrasound Systems Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Portability
        2. By Application
    4. India Next-Generation Ultrasound Systems Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Portability
        2. By Application
    5. Japan Next-Generation Ultrasound Systems Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Portability
        2. By Application
    6. South Korea Next-Generation Ultrasound Systems Market Outlook, 2016-2026F
      1. Market Size & Analysis
        1. Market Revenues
      2. Market Share & Analysis
        1. By Portability
        2. By Application
  17.  Global Next-Generation Ultrasound Systems Market Government Regulations and Policies
  18. Competition Outlook (Whichever Applicable)
    1. Competition Matrix
      1. Target Markets
      2. Research & Development
      3. Collaborations & Strategic Alliances
      4. Business Restructuring – Mergers, Acquisitions, JVs
      5. Strategic Initiatives
    2. Company Profiles (Business Description, Demand Segments, Market Focused Demand Segment, Business Segments, Market Focused Business Segment, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. BK Medical ApS (Analogic Corporation)
      2. Butterfly Network Inc.
      3. Canon Inc.
      4. Clarius Mobile Health
      5. Esaote SpA
      6. Fujifilm Holdings Corporation
      7. General Electric Company
      8. Healcerion Co. Ltd.
      9. Hitachi Ltd.,
      10. Hologic, Inc.
      11. Koninklijke Philips N.V.
      12. Samsung Electronics Co. Ltd.
      13. Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
      14. Shimadzu Corporation
      15. Siemens Healthineers AG
      16. Others
  19. Disclaimer
Global Next-Generation Ultrasound System Market Segmentation