|Status : Published
|Published On : Oct, 2021
|Report Code : VRHC1242
|Industry : Healthcare
|Available Format :
|Page : 200
The global next-generation ultrasound systems market was valued at USD 8,239.5 million in 2020 and is projected to reach USD 20,897.6 million by 2027 and is anticipated to witness a CAGR of 9.3% during the forecast period 2021-2027. The next-generation ultrasound system is a device that helps integrate imaging diagnostics into a clinical segment. This device is useful for diagnostic work more efficiently using varied technological aspects. The next-generation ultrasound system is good in terms of quality, affordability, and flexibility than the standard ultrasound system. Owing to the increase in investment for the development of healthcare infrastructure, rising evidence for effective and lucrative results in treatment and diagnosis assistance will propel the growth of the global next-generation ultrasound systems market.
The COVID-19 pandemic has negatively impacted the global next-generation ultrasound system market owing to lockdown, movement restrictions, strict regulations about the opening of production units, private clinics, and other labs. Moreover, disruption in the supply chain, less number skilled staff, recruitment challenges for clinical trials will adversely affect the global next-generation ultrasound system market.
Insight by Product Type
Based on product type, the next-generation ultrasound systems market is segmented into diagnostic ultrasound systems and therapeutic ultrasound systems. The therapeutic ultrasound systems further are divided into high-intensity focused ultrasound, extracorporeal shock wave lithotripsy, and doppler ultrasound. Doppler ultrasound is anticipated to witness the largest share during the forecast period as it can show sharper images in a short period of time.
Insight by Application
On the basis of application, the global next-generation ultrasound systems market is divided into the cardiovascular system, Vascular Imaging, Obstetrics and Gynecology Imaging, Lung Imaging, Urology Imaging, Orthopedics/Musculoskeletal Imaging, and other imaging. General imaging is anticipated to contribute to the largest share during the forecast period 2021-2027 owing to the rising prevalence of cancer globally, technological development in ultrasound-based diagnosis and treatment, rising market availability and physician preference for HIFU in cancer treatment, growing adoption of focused ultrasound in disease therapies will propel the growth of the global next-generation ultrasound systems market.
Insight by Technology
Based on the technology, the global next-generation ultrasound systems market is divided into 4D/3D ultrasound systems, 2D ultrasound systems, and others (Fusion Imaging Tissue Harmonic Imaging). 4D/3D ultrasound adopts the latest technologies and provides the best image quality for difficult patients and provides a full spectrum of every available function.
Insight by Portability
Based on portability, the next-generation ultrasound systems market is divided into cart/trolley-based systems, handheld devices & wearable, and portable systems. Cart/Trolley-based systems are anticipated to witness the largest share during the forecast period 2021-2027 owing to the rapid usage of technically developed systems globally and mounting adoption of ultrasound systems in acute care settings and emergency care in hospitals, healthcare institutions, and clinics.
Insight by End-User
The global next-generation ultrasound system is divided into hospitals, diagnostics laboratories, and imaging centers, clinics, ambulatory surgical centers, and others. The hospitals are the fastest-growing segment owing to the rising number of patients requiring ultrasound-based medical procedures, growing adoption of minimally invasive diagnostic and surgical procedures, and easy availability of diagnosis.
Global Next-Generation Ultrasound Systems Market Report Coverage
Base Year Considered
2021 - 2027
Market Size in 2020
Revenue Forecast in 2027
Segments Covered in the Report
|By Product Type, By Application, By Technology, By Portability, By End-User
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
Regions Covered in the Report
North America, Europe, Asia-Pacific, Middle East, and Rest of the World
The expansion of ultrasound systems in applications and teleoperated ultrasound systems are the key trends in the next-generation ultrasound systems market.
The next-generation ultrasound system is a user-friendly device as it has various applications and keeps the track of the progress of patients and offers diagnoses in far-off areas, emergency wards, and autonomous clinics. Moreover, with the advent of the point-of-care ultrasound system, integration of AI in ultrasound systems, and rising cases of chronic diseases are the main factors driving the growth of the next-generation ultrasound systems market. Moreover, the rising technological development like real-time 3D and 4D ultrasound, high portability, growing entry of industry players, mounting investment in the advancement of healthcare infrastructure will further fuel the growth of the next-generation ultrasound system market.
Challenges faced by the next-generation ultrasound system market include limitations owing to resolution and quality of images, product recalls shortage of skilled technicians and rising end-user preference for refurbished equipment.
Enhancing the ultrasound workflow and development in ultrasound technology will create promising opportunities for the companies involved in the global next-generation ultrasound systems market.
North America has witnessed the largest share in the global next-generation systems market owing to the increasing penetration of ultrasound devices in the region. Moreover, the usage of portable devices by end-users, spiraling investments by market players to launch innovative and new products, rising prevalence of chronic diseases, and growing healthcare expenditure will bolster the growth of the global next-generation ultrasound system market in the region. Asia-Pacific is projected to have remarkable growth during the forecast period in the global next-generation ultrasound system market owing to the rising prominence of devices in the region.
The industry players in the global next-generation ultrasound system market are entering into various strategies such as product launch and enhancement, joint ventures, collaborations and partnerships, product approvals, mergers & acquisitions to establish a strong foothold in the market.
Mindray introduced the novel ME series of portable ultrasound systems to fight the COVID-19 pandemic. These systems feature smart fluid management solutions, comprehensive disinfection solutions, convenient and agile mobility, intuitive interface, and flexible battery solutions to help clinicians address diagnostic challenges and make rapid decisions. The ME series is available in Europe and selected countries.
Hitachi launched ARIETTA 750, a new model in the ARIETTA diagnostic ultrasound series.
Some of the key players operating in the next-generation ultrasound systems market: BK Medical Holding Company, Inc., Butterfly Network, Inc., Canon Inc., Clarius Mobile Health Corp., ESAOTE SPA, FUJIFILM Holdings Corporation, Hitachi, Ltd., GENERAL ELECTRIC, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., and Shimadzu Corporation.
The next-generation ultrasound systems market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2021–2027.
Segments Covered in the Report
Region Covered in the Report
Source: VynZ Research