Next Generation Ultrasound Systems Market - Industry Analysis, Trends & Forecast 2031

Market Research Report

A quick peek into the report

Product Definition

2.1 Key Questions Answered in the Report
2.2 Forecast Period Selection Criteria

3.1   Primary Research
3.2   Secondary Research
3.3   Data Sources and Categorization
3.4   Criteria for Company Profiles
3.5   Market Estimation and Forecast Methodology
3.6   Data Triangulation

4.1   Key Strategies and Developments
4.1.1   Partnerships, Alliances, and Business Expansions
4.1.2   Regulatory and Legal Activities
4.1.3   New Offerings
4.1.4   Funding Activities
4.1.5   Mergers and Acquisitions
4.2   Market Share Analysis
4.2.1   Technology
4.2.2   Product Type
4.2.3   Application
4.2.4   Portability
4.2.5   End User
4.2.6   Region
4.3   Growth Share Analysis
4.3.1   Technology
4.3.2   Product Type
4.3.3   Application
4.3.4   Portability
4.3.5   End User
4.3.6   Region

5.1   Legal Regulations
5.1.1   U.S.
5.1.2   European Union (EU)
5.1.3   China
5.1.4   Japan
5.2   Reimbursement Scenario
5.2.1   U.S.
5.2.2   Europe
5.2.2.1   Germany
5.2.2.2   France
5.2.2.3   U.K.
5.2.3   Japan
5.2.4   China
5.2.4.1   Provincial Reimbursement Issues
5.3   Impact of COVID-19

6.1   Impact Analysis
6.2   Market Drivers
6.2.1   Advent of Point-of-Care Ultrasound System Driving a Fast-Paced Growth
6.2.2   Integration of Artificial Intelligence into Ultrasound System
6.2.3   Increasing Prevalence of Chronic Diseases requiring Need for Examination
6.3   Market Restraints
6.3.1   Limitations with Resolution and Quality of Images
6.3.2   Product Recall and Shortage of Trained Technicians
6.3.3   Growing End User Preference for Refurbished Equipment
6.4   Market Opportunities
6.4.1   Advancements in Technology Promising a Strong Growth Potential
6.4.2   Improving Ultrasound Workflow
6.5   Market Trends
6.5.1   Expanding Applications of Ultrasound Systems
6.5.2   Teleoperated Ultrasound Systems

7.1   Market Overview
7.2   Key Technological Advantages
7.3   Market Size and Forecast
7.3.1   4D/3D Ultrasound Systems
7.3.2   2D Ultrasound Systems
7.3.3   Others (Fusion Imaging Tissue Harmonic Imaging)

8.1   Market Overview
8.1.1   Diagnostic Ultrasound Systems
8.1.2   Therapeutic Ultrasound Systems
8.1.2.1   High-Intensity Focused Ultrasound
8.1.2.2   Extracorporeal Shock Wave Lithotripsy
8.1.2.3   Doppler Ultrasound

9.1   Global Next-Generation Ultrasound Systems Market (by Portability), 2020 and 2031
9.1.1   Cart/Trolley-Based Systems
9.1.2   Handheld Devices and Wearables
9.1.3   Portable Systems

10.1   General Imaging
10.2   Cardiovascular Imaging
10.3   Vascular Imaging
10.4   Obstetrics and Gynecology Imaging
10.5   Lung Imaging
10.6   Urology Imaging
10.7   Orthopedics/Musculoskeletal Imaging
10.8   Other Imaging

11.1   Market Overview
11.1.1   Hospitals
11.1.2   Diagnostic Centers
11.1.3   Ambulatory Surgical Centers (ASCs)
11.1.4   Others

12.1   Market Overview
12.2   North America
12.2.1   Overview
12.2.2   Opportunity Assessment
12.2.3   Market Size and Forecast
12.2.3.1   Technology
12.2.3.2   Product Type
12.2.3.3   Application
12.2.3.4   End User
12.2.3.5   Portability
12.2.4   Country
12.2.4.1   U.S.
12.2.4.2   Canada
12.3   Europe
12.3.1   Overview
12.3.2   Opportunity Assessment
12.3.3   Market Size and Forecast
12.3.3.1   Technology
12.3.3.2   Product Type
12.3.3.3   Application
12.3.3.4   End User
12.3.3.5   Portability
12.3.4   Country
12.3.4.1   Germany
12.3.4.2   U.K.
12.3.4.3   France
12.3.4.4   Italy
12.3.4.5   Spain
12.3.4.6   Switzerland
12.3.4.7   Sweden
12.3.4.8   Rest-of-Europe
12.4   Asia-Pacific
12.4.1   Market Overview
12.4.2   Opportunity Assessment
12.4.3   Market Size and Forecast
12.4.3.1   Technology
12.4.3.2   Product Type
12.4.3.3   Application
12.4.3.4   End-User
12.4.3.5   Portability
12.4.4   Country
12.4.4.1   Japan
12.4.4.2   China
12.4.4.3   India
12.4.4.4   Australia and New Zealand
12.4.4.5   South Korea
12.4.4.6   Rest-of-Asia-Pacific
12.5   Latin America
12.5.1   Market Overview
12.5.2   Market Size and Forecast
12.6   Middle East and Africa
12.6.1   Market Overview
12.6.2   Market Size and Forecast

13.1   Overview
13.2   BK Medical ApS (Analogic Corporation)
13.2.1   Company Overview
13.2.2   Role of the Company
13.2.3   Product Portfolio and Offerings
13.2.4   SWOT Analysis
13.3   Butterfly Network, Inc.
13.3.1   Company Overview
13.3.2   Role of the Company
13.3.3   Product Portfolio and Offerings
13.3.4   SWOT Analysis
13.4   Canon, Inc.
13.4.1   Company Overview
13.4.2   Role of the Company
13.4.3   Product Portfolio and Offerings
13.4.4   Financials
13.4.5   SWOT Analysis
13.5   Clarius Mobile Health
13.5.1   Company Overview
13.5.2   Role of the Company
13.5.3   Product Portfolio and Offerings
13.5.4   SWOT Analysis
13.6   Esaote SpA
13.6.1   Company Overview
13.6.2   Role of the Company
13.6.3   Product Portfolio and Offerings
13.6.4   SWOT Analysis
13.7   Fujifilm Holdings Corporation
13.7.1   Company Overview
13.7.2   Role of the Company
13.7.3   Product Portfolio and Offerings
13.7.4   Financials
13.7.5   SWOT Analysis
13.8   General Electric Company
13.8.1   Company Overview
13.8.2   Role of the Company
13.8.3   Product Portfolio and Offerings
13.8.4   Financials
13.8.5   SWOT Analysis
13.9   Healcerion Co., Ltd.
13.9.1   Company Overview
13.9.2   Role of the Company
13.9.3   Product Portfolio and Offerings
13.9.4   SWOT Analysis
13.10 Hitachi, Ltd.
13.10.1   Company Overview
13.10.2   Role of the Company
13.10.3   Product Portfolio and Offerings
13.10.4   Financials
13.10.5   SWOT Analysis
13.11   Hologic, Inc.
13.11.1   Company Overview
13.11.2   Role of the Company
13.11.3   Product Portfolio and Offerings
13.11.4   Financials
13.11.5   SWOT Analysis
13.12   Koninklijke Philips N.V.
13.12.1   Company Overview
13.12.2   Role of the Company
13.12.3   Product Portfolio and Offerings
13.12.4   Financials
13.12.5   SWOT Analysis
13.13   Samsung Electronics Co., Ltd.
13.13.1   Company Overview
13.13.2   Role of the Company
13.13.3   Product Portfolio and Offerings
13.13.4   Financials
13.13.5   SWOT Analysis
13.14   Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
13.14.1   Company Overview
13.14.2   Role of the Company
13.14.3   Product Portfolio and Offerings
13.14.4   SWOT Analysis
13.15   Shimadzu Corporation
13.15.1   Company Overview
13.15.2   Role of the Company
13.15.3   Product Portfolio and Offerings
13.15.4   Financials
13.15.5   SWOT Analysis
13.16   Siemens Healthineers AG
13.16.1   Company Overview
13.16.2   Role of the Company
13.16.3   Product Portfolio and Offerings
13.16.4   Financials
13.16.5   SWOT Analysis

Table 1:   Impact Analysis: Market Drivers
Table 2:   Impact Analysis: Market Restraints
Table 5.1:   Japan Reimbursement System: Reimbursement Codes and Medical Practices
Table 6.1:   Impact Analysis: Market Drivers
Table 6.2:   Impact Analysis: Market Restraints

Figure 1:   Global Next-Generation Ultrasound Systems Market (by Development and Strategies), January 2017-March 2021
Figure 2:   Global Next-Generation Ultrasound Systems Market, 2020-2031
Figure 3:   Leading Players in the Global Next-Generation Ultrasound Systems Market, 2020
Figure 4:   Next-Generation Ultrasound Systems Market Share (by Product Type), 2020
Figure 5:   Growth Share Matrix (by Application), 2020-2031
Figure 6:   Growth Share Matrix (by Portability), 2020-2031
Figure 7:   Growth Share Matrix (by Technology), 2020-2031
Figure 8:   Growth Share Matrix (by Region), 2020-2031
Figure 3.1:   Research Methodology
Figure 3.2:   Primary Research
Figure 3.3:   Secondary Research
Figure 3.4:   Data Triangulation
Figure 3.5:   Bottom-Up Approach
Figure 4.1:   Global Next-Generation Ultrasound Systems Market (by Development and Strategies), January 2017-March 2021
Figure 4.2:   Global Next-Generation Ultrasound Systems Market; Key Partnerships, Alliances, and Business Expansion Activities (by Company), 2017-2020
Figure 4.3:   Global Next-Generation Ultrasound Systems Market; Key Regulatory and Legal Activities, 2017-2021
Figure 4.4:   Global Next-Generation Ultrasound Systems Market; Key New Offerings, 2017-2021
Figure 4.5:   Some of the Leading Players in the Global Next-Generation Ultrasound Systems Market, 2020
Figure 4.6:   Global Next-Generation Ultrasound Systems Market Share (by Technology), 2020
Figure 4.7:   Global Next-Generation Ultrasound Systems Market Share (by Product Type), 2020
Figure 4.8:   Global Next-Generation Ultrasound Systems Market Share (by Application), 2020
Figure 4.9:   Global Next-Generation Ultrasound Systems Market Share (by Portability), 2020
Figure 4.10:   Global Next-Generation Ultrasound Systems Market Share (by End User), 2020
Figure 4.11:   Global Next-Generation Ultrasound Systems Market Share (by Region), 2020
Figure 4.12:   Growth Share Matrix (by Technology), 2020-2031
Figure 4.13:   Growth Share Matrix (by Product Type), 2020-2031
Figure 4.14:   Growth Share Matrix (by Application), 2020-2031
Figure 4.15:   Growth Share Matrix (by Portability), 2020-2031
Figure 4.16:   Growth Share Matrix (by End User), 2020-2031
Figure 4.17:   Growth Share Matrix (by Region), 2020-2031
Figure 5.1:   Regulatory Process for Medical Devices in the U.S.
Figure 5.2:   MDR Transitional Provisions (EU)
Figure 5.3:   Regulatory Process for Medical Devices in the China
Figure 5.4:   Regulatory Process for Medical Devices in Japan
Figure 5.5:   U.S. Reimbursement System
Figure 5.6:   Germany Reimbursement System
Figure 5.7:   France Reimbursement System
Figure 5.8:   U.K. Reimbursement System
Figure 6.1:   Market Dynamics
Figure 7.1:   Global Next-Generation Ultrasound Systems Market (by Technology)
Figure 7.2:   Global Next-Generation Ultrasound Systems Market Share (by Technology), 2020 and 2031
Figure 7.3:   Global Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 7.4:   Global 4D/3D Ultrasound Systems Market, $Million, 2020-2031
Figure 7.5:   Global 2D Ultrasound Systems Market, $Million, 2020-2031
Figure 7.6:   Global Others (Fusion Imaging, Tissue Harmonic Imaging) Market, $Million, 2020-2031
Figure 8.1:   Global Next-Generation Ultrasound Systems Market (by Product Type)
Figure 8.2:   Global Next-Generation Ultrasound Systems Market Share (by Product Type), $Million, 2020 and 2031
Figure 8.3:   Global Next-Generation Ultrasound Systems Market (Diagnostic Ultrasound Systems), $Million, 2020-2031
Figure 8.4:   Global Next-Generation Ultrasound Systems Market (Therapeutic Ultrasound Systems), $Million, 2020-2031
Figure 9.1:   Global Next-Generation Ultrasound Systems Market (by Portability)
Figure 9.2:   Global Next-Generation Ultrasound Systems Market Share (by Portability), $Million, 2020 and 2031
Figure 9.3:   Global Next-Generation Ultrasound Systems Market (Cart/Trolley-Based Systems), $Million, 2020-2031
Figure 9.4:   Global Next-Generation Ultrasound Systems Market (Handheld Devices and Wearables), $Million, 2020-2031
Figure 9.5:   Global Next-Generation Ultrasound Systems Market (Portable Systems), $Million, 2020-2031
Figure 10.1:   Revenue Contribution of Different Applications, $Million, 2020 and 2031
Figure 10.2:   Global Next-Generation Ultrasound Systems Market (General Imaging), $Million, 2020-2031
Figure 10.3:   Global Next-Generation Ultrasound Systems Market (Cardiovascular Imaging), $Million, 2020-2031
Figure 10.4:   Global Next-Generation Ultrasound Systems Market (Vascular Imaging), $Million, 2020-2031
Figure 10.5:   Global Next-Generation Ultrasound Systems Market (Obstetrics and Gynecology Imaging), $Million, 2020-2031
Figure 10.6:   Global Next-Generation Ultrasound Systems Market (Lung Imaging), $Million, 2020-2031
Figure 10.7:   Global Next-Generation Ultrasound Systems Market (Urology Imaging), $Million, 2020-2031
Figure 10.8:   Global Next-Generation Ultrasound Systems Market (Orthopedics/Musculoskeletal Imaging), $Million, 2020-2031
Figure 10.9:   Global Next-Generation Ultrasound Systems Market (Other Imaging), $Million, 2020-2031
Figure 11.1:   Global Next-Generation Ultrasound Systems Market (by End User)
Figure 11.2:   Global Next-Generation Ultrasound Systems Market Share (by End User), $Million, 2020 and 2031
Figure 11.3:   Global Next-Generation Ultrasound Systems Market (Hospitals), $Million, 2020-2031
Figure 11.4:   Global Next-Generation Ultrasound Systems Market (Diagnostic Centers), $Million, 2020-2031
Figure 11.5:   Global Next-Generation Ultrasound Systems Market (Ambulatory Surgical Centers) $Million, 2020-2031
Figure 11.6   : Global Next-Generation Ultrasound Systems Market (Others) $Million, 2020-2031
Figure 12.1:   Global Next-Generation Ultrasound Systems Market (by Region), $Million, 2020 and 2031
Figure 12.2:   North America: Incremental Revenue Opportunity (by Technology), 2020-2031
Figure 12.3:   North America Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 12.4:   North America Next-Generation Ultrasound Systems Market (by Technology) $Million, 2020-2031
Figure 12.5:   North America Next-Generation Ultrasound Systems Market (by Product Type), $Million, 2020-2031
Figure 12.6:   North America Next-Generation Ultrasound Systems Market (by Application), $Million, 2020-2031
Figure 12.7:   North America Next-Generation Ultrasound Systems Market (by End User), $Million, 2020-2031
Figure 12.8:   North America Next-Generation Ultrasound Systems Market (by Portability), $Million, 2020-2031
Figure 12.9:   North America Next-Generation Ultrasound Systems Market (by Country), $Million, 2020-2031
Figure 12.10:   U.S. Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 12.11:   Canada Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 12.12:   Europe: Incremental Revenue Opportunity (by Technology), 2020-2031
Figure 12.13:   Europe Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 12.14:   Europe Next-Generation Ultrasound Systems Market (by Technology), $Million, 2020-2031
Figure 12.15:   Europe Next-Generation Ultrasound Systems Market (by Product Type), $Million, 2020-2031
Figure 12.16:   Europe Next-Generation Ultrasound Systems Market (by Application), $Million, 2020-2031
Figure 12.17:   Europe Next-Generation Ultrasound Systems Market (by End User), $Million, 2020-2031
Figure 12.18:   Europe Next-Generation Ultrasound Systems Market (by Portability), $Million, 2020-2031
Figure 12.19:   Europe Next-Generation Ultrasound Systems Market (by Country), $Million, 2020-2031
Figure 12.20:   Germany Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 12.21:   U.K. Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 12.22:   France Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 12.23:   Italy Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 12.24:   Spain Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 12.25:   Switzerland Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 12.26:   Sweden Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 12.27:   Rest-of-Europe Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 12.28:   Asia-Pacific Incremental Revenue Opportunity (by Technology), 2020-2031
Figure 12.29:   Asia-Pacific Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 12.30:   Asia-Pacific Next-Generation Ultrasound Systems Market (by Technology), $Million, 2020-2031
Figure 12.31:   Asia-Pacific Next-Generation Ultrasound Systems Market (by Product Type), $Million, 2020-2031
Figure 12.32:   Asia-Pacific Next-Generation Ultrasound Systems Market (by Application), $Million, 2020-2031
Figure 12.33:   Asia-Pacific Next-Generation Ultrasound Systems Market (by End User), $Million, 2020-2031
Figure 12.34:   Asia-Pacific Next-Generation Ultrasound Systems Market (by Portability), $Million, 2020-2031
Figure 12.35:   Asia-Pacific Next-Generation Ultrasound Systems Market (by Country), $Million, 2020-2031
Figure 12.36:   Japan Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 12.37:   China Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 12.38:   India Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 12.39:   Australia and New Zealand Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 12.40:   South Korea Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 12.41:   Rest-of-Asia-Pacific Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 12.42:   Latin America Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 12.43:   Middle East and Africa Next-Generation Ultrasound Systems Market, $Million, 2020-2031
Figure 13.1:   Share of the Companies Profiled (by Ownership Type)
Figure 13.2:   Canon, Inc.: Overall Financials, $Million, 2018-2020
Figure 13.3:   Canon, Inc.: Net Revenue (by Segment), $Million, 2018-2020
Figure 13.4:   Canon, Inc.: Net Revenue (by Region), $Million, 2018-2020
Figure 13.5:   Canon, Inc.: R&D Expenditure, $Million, 2018-2020
Figure 13.6:   Fujifilm Holdings Corporation: Overall Financials, $Million, 2018-2020
Figure 13.7:   Fujifilm Holdings Corporation: Net Revenue (by Segment), $Million, 2018-2020
Figure 13.8:   Fujifilm Holdings Corporation: Net Revenue (by Region), $Million, 2018-2020
Figure 13.9:   Fujifilm Holdings Corporation: R&D Expenditure, $Million, 2018-2020
Figure 13.10:   General Electric Company: Overall Financials, $Million, 2018-2020
Figure 13.11:   General Electric Company: Net Revenue (by Segment), $Million, 2018-2020
Figure 13.12:   General Electric Company: Net Revenue (by Region), $Million, 2018-2020
Figure 13.13:   General Electric Company: R&D Expenditure, $Million, 2018-2020
Figure 13.14:   Hitachi, Ltd.: Overall Financials, $Million, 2018-2020
Figure 13.15:   Hitachi, Ltd.: Net Revenue (by Segment), $Million, 2018-2020
Figure 13.16:   Hitachi, Ltd.: Net Revenue (by Region), $Million, 2018-2020
Figure 13.17:   Hitachi, Ltd.: R&D Expenditure, $Million, 2018-2020
Figure 13.18:   Hologic, Inc.: Overall Financials, $Million, 2018-2020
Figure 13.19:   Hologic, Inc.: Net Revenue (by Segment), $Million, 2018-2020
Figure 13.20:   Hologic, Inc.: Net Revenue (by Region), $Million, 2018-2020
Figure 13.21:   Hologic, Inc.: R&D Expenditure, $Million, 2018-2020
Figure 13.22:   Koninklijke Philips N.V.: Overall Financials, $Million, 2018-2020
Figure 13.23:   Koninklijke Philips N.V.: Net Revenue (by Segment), $Million, 2018-2020
Figure 13.24:   Koninklijke Philips N.V.: Net Revenue (by Region), $Million, 2018-2020
Figure 13.25:   Koninklijke Philips N.V.: R&D Expenditure, $Million, 2018-2020
Figure 13.26:   Samsung Electronics Co., Ltd.: Overall Financials, $Million, 2018-2020
Figure 13.27:   Samsung Electronics Co., Ltd.: Net Revenue (by Segment), $Million, 2018-2020
Figure 13.28:   Samsung Electronics Co., Ltd.: Net Revenue (by Region), $Million, 2018-2020
Figure 13.29:   Samsung Electronics Co., Ltd.: R&D Expenditure, $Million, 2018-2020
Figure 13.30:   Shimadzu Corporation: Overall Financials, $Million, 2018-2020
Figure 13.31:   Shimadzu Corporation: Net Revenue (by Segment), $Million, 2018-2020
Figure 13.32:   Shimadzu Corporation: Net Revenue (by Region), $Million, 2018-2020
Figure 13.33:   Shimadzu Corporation: R&D Expenditure, $Million, 2018-2020
Figure 13.34:   Siemens Healthineers AG: Overall Financials, $Million, 2018-2020
Figure 13.35:   Siemens Healthineers AG: Net Revenue (by Segment), $Million, 2018-2020
Figure 13.36:   Siemens Healthineers AG: Net Revenue (by Region), $Million, 2018-2020
Figure 13.37:   Siemens Healthineers AG: R&D Expenditure, $Million, 2018-2020

Report Description

Market Report Coverage - Next Generation Ultrasound Systems
Base Year	2020	Market Size in 2020	$8,246.8 Million
Forecast Period	2021-2031	Value Projection and Estimation by 2031	$21,079.7 Million
CAGR During Forecast Period	9.3%	Number of Tables	05
Number of Pages	243	Number of Figures	149
Research Hours	1000
Market Segmentation	• Technology – 2D Ultrasound Systems, 4D/3D Ultrasound Systems, and Others (Fusion Imaging, Tissue Harmonic Imaging) • Product Type – Diagnostic Ultrasound Systems, and Therapeutic Ultrasound Systems • Portability – Cart/Trolley-Based Systems, Portable Systems, and Handheld Devices and Wearables • Application – General Imaging, Cardiology Imaging, Vascular Imaging, Obstetrics and Gynecology Imaging, Lung Imaging, Urology, Orthopedics/Musculoskeletal Imaging, and Other Imaging • End User – Hospitals, Diagnostic Centers, Ambulatory Surgical Centers (ASCs), and Others
Regional Segmentation	• North America- U.S. and Canada • Europe- Germany, U.K., Italy, Spain, France, Switzerland, Sweden, and Rest-of-Europe • Asia-Pacific- Japan, China, South Korea, Australia and New Zealand, India, and Rest-of-Asia-Pacific • Latin America • Middle East and Africa
Growth Drivers	• Advent of Point-of-Care Ultrasound Systems Driving a Fast-Paced Growth • Integration of Artificial Intelligence into Ultrasound • Rising Need for Examination in Case of Increasing Prevalence of Chronic Diseases
Market Challenges	• Limitations with Resolution and Quality of Images • Product Recall and Shortage of Trained Technicians • Growing End User Preference for Refurbished Equipment
Market Opportunities	• Advancement in Technology Promising a Strong Growth Potential • Improving Ultrasound Workflow
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, and Siemens Healthineers AG

Key Questions Answered in this Report:

•   What is the current scenario of global next-generation ultrasound systems market?
•   What is the total market size and forecast (until 2031) for the global next-generation ultrasound systems market?
•   What is the addressable market size and forecast based on region?
•   What are the key market dynamics (drivers, restraints, trends, and opportunities) for the global next-generation ultrasound systems market?
•   What is the impact of different macroeconomic factors on the dynamics of the global next-generation ultrasound systems market?
•   How would trends impacting the dynamics of the market evolve during the forecast period?
•   What are the hidden factors that are driving the global next-generation ultrasound systems market through the iceberg analysis?
•   What are the key strategies incorporated by the leading players of the global next-generation ultrasound systems market to sustain the competition?
•   What are the market shares of key competitors in the global next-generation ultrasound systems market?
•   What will be the revenue growth rate witnessed by each key player in the forecast period?
•   What is the scale of impact on the dynamics of the market due to strategic decisions made by leading players in the market?
•   What has been the funding scenario for the next-generation ultrasound systems from the past four years?
•   What are the average selling prices of the next-generation ultrasound systems?
•   What are the regulations impacting the global next-generation ultrasound systems market across different regions?
•   What are the business models of key competitors in the global next-generation ultrasound systems market?
•   What is the current brand value of key competitors in the global next-generation ultrasound systems market?
•   What is the current total market size and forecast for different application categories available in the global next-generation ultrasound systems market?
•   What are the current trends associated with each application categories?
•   Which application category is anticipated to witness the highest growth rate during the forecast period?
•   What is the current total market size and forecast for the global next-generation ultrasound systems market across different regions?
•   What are the forward-looking trends associated with each region?
•   What is the role of each company in the global next-generation ultrasound systems market?
•   What is the revenue generated through the sales of next-generation ultrasound systems by each company?
•   What are strengths, weaknesses, opportunities, and threats for each company in the global next-generation ultrasound systems market?

Market Overview

Overview on the Global Next-Generation Ultrasound Systems Market

Global next-generation ultrasound systems market is currently witnessing a significant change in the market landscape. There is rising investment in the development of healthcare infrastructure, increasing evidence for efficient and promising results in treatment and diagnosis assistance. Moreover, there is an extensive entry of emerging players developing advanced ultrasound systems into the healthcare space. All these predominant factors have led to a significant rise in sales of ultrasound systems across the globe.

Global Next-Generation Ultrasound Systems Market Forecast

Source: Secondary Research, Expert Views, and BIS Research Analysis

The global next-generation ultrasound systems market was valued at $8,246.8 million in 2020 and is anticipated to reach $21,079.7 million by 2031, growing at a CAGR of 9.3% during the forecast period 2021-2031. The increasing demand for quality ultrasound systems for the medical field, availability of technologically advanced products in the field of 3D, 4D, and upcoming 5D ultrasound systems, the increasing incidences of targeted diseases, and government funding and R&D investments during COVID-19, are the major factors fueling the market growth. In addition to these factors, there are significant challenges and restraints, which are restricting the market growth. These challenges include the limitations of ultrasound systems, product recalls, shortage of trained technicians, growing end user preference for refurbished ultrasound systems, etc. Hence, it is anticipated that these factors will have a significant impact on the ultrasound systems market in the next five years, and the market will grow multifold.

Competitive Landscape

The global next-generation ultrasound systems market consists of numerous large-scale as well as small-scale manufacturers and vendors. Presently, the manufacturers in the market have ample opportunities to expand their offerings and to establish a strong foothold in the market.

During January 2017 - March 2021, the market witnessed approximately 48 joint ventures, collaborations, and partnerships, three funding and investments, 16 product approvals, 28 product launches and enhancements, and one merger and acquisition. Joint ventures, collaborations, and partnerships were among the most frequently followed strategies that were incorporated by numerous players to establish a strong foothold in the market.

Most of the manufacturers in the market are incorporating collaborations and partnerships not only with other companies but also the university and research institutions as the key strategies to develop next-generation ultrasound systems and attain a strong financial position in the market.

Moreover, the leading players in the global next-generation ultrasound systems market include 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, and Siemens Healthineers AG, among others.

Global Next Generation Ultrasound Systems Market

Focus on Product Type, Technology, and Application, Portability, End User, and Region (14 Countries) - Analysis and Forecast, 2021-2031

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Some Faq's

Frequently Asked Questions

The global market for next generation ultrasound systems generated $8.247 billion in 2020 while registering a CAGR of 9.3% over the period 2021-2031.

The prime factors affecting the growth of next generation ultrasound systems market include the advent of point-of-care ultrasound system driving a fast-paced growth, integration of AI into ultrasound system, and increasing prevalence of chronic diseases requiring need for examination.

Limitations with resolution and quality of images, product recall and shortage of trained technicians, and growing end-user preference for refurbished equipment, pose challenge to the growth of this emerging market.

Improving ultrasound workflow and advancements in technology promise a strong growth potential for companies involved in the global next generation ultrasound systems market.

The key companies in the global next generation ultrasound systems market include General Electric Company, Hitachi Ltd., Samsung Electronics Co. Ltd., Siemens Healthineers AG, Fujifilm Holdings Corporation, Koninklijke Philips N.V., and Hologic Inc., among others.

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A quick peek into the report

Table of Contents

Report Description

Key Questions Answered in this Report:

Market Overview

$5250

Global Next Generation Ultrasound Systems Market

Frequently Asked Questions

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Global Next Generation Ultrasound Systems Market

A quick peek into the report

Table of Contents

1 Product Definition

2 Scope of Research Study

3 Research Methodology

4 Competitive Landscape

5 Industry Insights

6 Market Dynamics

7 Global Next-Generation Ultrasound Systems Market (by Technology)

8 Global Next-Generation Ultrasound Systems Market (by Product Type)

9 Global Next-Generation Ultrasound Systems Market (by Portability)

10 Global Next-Generation Ultrasound Systems Market (by Application)

11 Global Next-Generation Ultrasound Systems Market (by End User)

12 Global Next-Generation Ultrasound Systems Market (by Region)

13 Company Profiles

List of Tables

List of Figures

Report Description

Key Questions Answered in this Report:

Market Overview

$5250

Global Next Generation Ultrasound Systems Market

Frequently Asked Questions

Q: What is the current market value of global next generation ultrasound systems market?

Q: What are the growth drivers affecting the global next generation ultrasound systems market?

Q: Are there any challenges that hinder the adoption of next generation ultrasound systems market?

Q: What opportunities are offered by next generation ultrasound systems market?

Q: Who are the leading companies operating in the global next generation ultrasound systems market?

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