Ultrasound equipment market size to increase by USD 2346.7 million between 2022-27

The ultrasound equipment market size is forecast to grow by USD 2,346.7 million between 2022 and 2027, and the growth momentum will be accelerating at a CAGR of 5.24% during the forecast period. The growth of the market is driven by the focus on early diagnosis and preventive medicine. Many people now choose preventive measures, such as ultrasound imaging for the early detection of various diseases and conditions, as a result of the population’s growing health consciousness. This makes it possible to identify and treat these illnesses early, significantly lowering the likelihood of recurrent illness. Early detection using better diagnostic tools like ultrasound and improved lifestyle and treatment options can frequently prevent and treat chronic diseases like cardiovascular disease, cancer, and obstetrical and gynecological diseases. Furthermore, it is predicted that chronic diseases will continue to be the leading cause of mortality and disability in high-income countries, both in terms of mortality rates and disease burden. The adoption and utilization of advanced ultrasound technology are predicted to lower both the burden of such chronic diseases as well as mortality rates. Therefore, these factors will contribute to market growth during the forecast period.

Regional analysis:
By region, the global ultrasound equipment market is segmented into North America, Asia, Europe, and Rest of World (ROW). North America will account for 35% of market growth during the forecast period. North America accounted for a major share of the global ultrasound equipment market, with the US being the major contributor to the market. The primary factor behind the regional market growth is the expanded use of mobile ultrasound technology in healthcare facilities like hospitals and nursing homes.

Company profiles:
The ultrasound equipment market report includes information on the key products and recent developments of leading vendors, including:

• Canon Inc. – The company offers ultrasound equipment such as iLab Ultrasound Imaging System with POLARIS Software.
• Carestream Health Inc. – The company offers ultrasound equipment such as the Aplio i-series.
• Chison Medical Technologies Co. Ltd. – The company offers ultrasound equipment such as CARESTREAM Touch Prime Ultrasound System.
• ContextVision AB – The company offers ultrasound equipment such as CHISON portable ultrasound machines.

Competitive analysis:
The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share among others.

Market segmentation:
By product type, the market is segmented into stationary ultrasound equipment and portable ultrasound equipment.

The market share growth by the stationary ultrasound equipment segment will be significant during the forecast period. This type of ultrasound machine, which is mounted on a platform, cart, or trolley and comes with high-resolution systems that enable accuracy in real-time imaging, is the most frequently used one in medical facilities. The high-resolution systems of stationary ultrasound machines, which are mounted on platforms, carts, or trolleys, allow for precise real-time imaging. Therefore, it is expected that this segment is likely to witness steady growth in turn, propelling the growth of the global ultrasound equipment market during the forecast period.

• By end-user, the market is segmented into hospitals, imaging centers, research centers, and others.
• By geography, the market is segmented into North America, Asia, Europe, and Rest of World (ROW).

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