Ultrasound equipment market to grow by USD 2,346.7 million

Ultrasound equipment market report goes into detail on market segmentation by product type (stationary ultrasound equipment and portable ultrasound equipment), end-user (hospitals, imaging centers, research centers, and others), and geography (North America, Asia, Europe, and Rest of World(ROW)). The stationary ultrasound equipment segment will gain a major proportion of the ultrasound devices market over the projected period. This is the most popular type of ultrasound equipment used in healthcare institutions. It is mounted on a platform, cart, or trolley and contains high-resolution technologies for accurate real-time imaging.

According to projections, the market size will grow by USD 2,346.7 million during the forecast period. Ultrasound equipment has a broader range of uses and hence it is one of the factors driving the market for ultrasound equipment. Other factors such as image quality advancements, volumetric ultrasonography, and new technologies are becoming increasingly popular and are expected to increase demand. Between 2022 and 2027, the market for ultrasound equipment is anticipated to expand at a CAGR of 5.24%.

Major ultrasound equipment market trends:
An important trend in the market for ultrasound equipment is artificial intelligence integration in ultrasound. With minimum user intervention, automation and AI integration provide visual mapping and annotation of the screened anatomy. For example, the newest Konica Minolta Sonimage HS1 model employs AI-voice recognition controls for hands-free operation. Similarly, GE Healthcare increased its AI, digital, and imaging solutions in 2020, launching a package that featured the LOGIQ E10 Series, an ultrasound system that used AI technology to cater to the growth in workflow efficiency during the Covid-19 pandemic.

During the predicted period, the application of AI in ultrasound equipment will grow even more.

About ultrasound equipment market customer landscape & market vendors:
The market study covers the market’s adoption lifecycle, from the innovator’s stage to the laggard’s stage. It focuses on penetration-based adoption rates in various regions. Furthermore, the research offers important buying criteria and price sensitivity drivers to assist businesses in evaluating and developing their growth strategy.

Some of the prominent market participants are BenQ Medical Technology Corp., Boston Scientific Corp., and Canon Inc. This ultrasound equipment market prediction research includes a complete study of the major industry vendors in order to assist businesses in strengthening their market presence. The research also provides industry executives with information on the competition environment as well as insights into the various product offerings provided by various organizations.

In the Ultrasound Equipment market, there are several other prominent vendors, and manufacturers are increasing their market position through various techniques such as strategic alliances, collaborations, mergers and acquisitions, regional growth, and product/service launches.

Regional insights :
During the forecast period, North America is expected to contribute 35% of worldwide market growth. Medical professionals’ use of modern ultrasound technologies such as Doppler, 3D, 4D, and 5D for obstetric and gynecological applications has resulted in enhanced female and fetal health. As a result, a consistent increase in fertility rates and easy access to medical services will fuel market expansion during the projection period. Technavio