Diagnostic Ultrasound Devices Market Trends, Size, Top Players 2031
The Diagnostic Ultrasound Devices Market is expected to register a CAGR of 4.9% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Technology (2D, 3D and 4D, Doppler); Portability (Trolley, Compact/Handheld); Application (General Imaging, Cardiology, Obstetrics/Gynecology); End User (Hospitals, Maternity Centers). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Diagnostic Ultrasound Devices Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Diagnostic Ultrasound Devices Market Segmentation
Technology- 2D
- 3D and 4D
- Doppler
- Trolley
- Compact/Handheld
- General Imaging
- Cardiology
- Obstetrics/Gynecology
- Hospitals
- Maternity Centers
- Hospitals
- Maternity Centers
Strategic Insights
Diagnostic Ultrasound Devices Market Growth Drivers- Technological Advancements: Latest developments in diagnostic ultrasound technologies, including 3D and 4D imaging, have resulted in improving the rates of diagnosis and patients' outcome at a far greater extent than was earlier possible. For instance, these advanced technologies make it possible for enhanced visualization of internal structures by the healthcare provider, thereby helping them make more informed decisions. As the offering is being made more accessible and affordable, higher penetration into clinical practice will eventually support the market growth.
- Growing Demand for Non-Invasive Procedures: The market drivers of ultrasound devices include the growing demand for non-invasive diagnostic procedures for patients and healthcare professionals. This is because ultrasound imaging provides safer alternative diagnostic procedures to more invasive procedures that reduce the pain and recovery time of patients. Therefore, with the increased awareness of the benefits of non-invasive diagnostic procedures, the demand is set to rise for ultrasound devices.
- Rising Incidence of Chronic Diseases: The rising incidence of chronic diseases, such as cardiovascular disorders and cancer, is driving the demand for effective diagnostic tools, like ultrasound devices, in the market. Proper monitoring and better chances of survival for patients are possible only when these diseases are diagnosed at an early stage. That is why the ultrasound market is ready to boom as countries seem bent on health preventive care as well as regular screening services.
- Integration of Artificial Intelligence: The integration of artificial intelligence in the diagnostic ultrasound equipment market is a key trend that is highly changing the market. AI algorithms allow for better image analysis, faster, and with higher accuracy, which leads to better diagnoses. It helps improve the efficiency of workflow, as well as reduce human error in health care through the automation of routine tasks. With the advancement in AI, these ultrasound systems will soon find increased uptake and thus will fuel major market growth.
- Portable and Point-of-Care Ultrasound Devices: The portability and simplicity provided to in-hospital as well as out-of-hospital clinical settings make portable and point-of-care ultrasound devices in high demand. These devices take images at a patient's bedside, and diagnosis is obtained immediately. Such a requirement for these products generates an increasing trend in the overall ultrasound market mainly due to the requirements of emergency medicine and rural hospitals.
- Advanced Imaging Technologies: The advancements in technology in developing advanced imaging technologies, such as 3D and 4D ultrasound, are overturning the traditional paradigm of diagnosis. Advanced imaging modalities provide greater anatomical structure visualization for better diagnosis and thus more rewarding patient outcomes. Rising adoption of these technologies by service providers is expected to give the demand for diagnostic ultrasound a massive boost.
- Expansion into Emerging Markets: Expansion into emerging markets has been a great opportunity for diagnostic ultrasound devices. Several investments made to strengthen the health care infrastructure in countries of Asia-Pacific and Latin America have been increasing demand for modern medical imaging technologies. Increased expenditure on healthcare and greater emphasis on preventive care have fueled this growth, thus creating an environment where ultrasonic device manufacturers can establish footholds.
- Telemedicine is expected to increase adoption levels: The growth in telemedicine is a positive opportunity for the diagnostic ultrasound devices market. Portable ultrasound devices offer diagnostics coupled with consultations remotely from home or remote locations for patients, thereby streamlining and making available real-time remote care services. This is likely to increase patient access to care and will further drive demand for new and innovative ultrasound solutions for integration into telehealth platforms, which will grow market reach.
- AI-Enhanced Ultrasound Development: The development of AI-enhanced ultrasound solutions will offer a good opportunity for diagnostic accuracy and efficiency. Within such ultrasound machines, artificial intelligence will help the radiologist in image interpretation as well as analytics in real time, which will lead to faster diagnosis, thus finally a better outcome for patients since such ultrasound machines will attract more in a competitive market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Diagnostic Ultrasound Devices Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Diagnostic Ultrasound Devices Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
SIEMENS, SONOSCAPE, SAMSUNG MEDISON, SONOSITE (FUJIFILM), GENERAL ELECTRIC (GE) accounting for higesh market shares and are some of the major players operating in the market
The 2D and 4D segment accounts for highest revenue in technology the Diagnostic Ultrasound Devices Market in 2023
Asia Pacific region dominated the Diagnostic Ultrasound Devices Market in 2023
North America region dominated the Diagnostic Ultrasound Devices Market in 2023
The Diagnostic Ultrasound Devices Market is estimated to witness a CAGR of 4.9% from 2023 to 2031
The major driving factors of Diagnostic Ultrasound Devices Market?are:
1. Technological Advancements
2. Growing Demand for Non-Invasive Procedures
3. Rising Incidence of Chronic Diseases
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Diagnostic Ultrasound Devices Market - By Technology
1.3.2 Diagnostic Ultrasound Devices Market - By Portability
1.3.3 Diagnostic Ultrasound Devices Market - By Application
1.3.4 Diagnostic Ultrasound Devices Market - By End User
1.3.5 Diagnostic Ultrasound Devices Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. DIAGNOSTIC ULTRASOUND DEVICES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. DIAGNOSTIC ULTRASOUND DEVICES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. DIAGNOSTIC ULTRASOUND DEVICES MARKET - GLOBAL MARKET ANALYSIS
6.1. DIAGNOSTIC ULTRASOUND DEVICES - GLOBAL MARKET OVERVIEW
6.2. DIAGNOSTIC ULTRASOUND DEVICES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. DIAGNOSTIC ULTRASOUND DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. 2D
7.3.1. Overview
7.3.2. 2D Market Forecast and Analysis
7.4. 3D AND 4D
7.4.1. Overview
7.4.2. 3D and 4D Market Forecast and Analysis
7.5. DOPPLER
7.5.1. Overview
7.5.2. Doppler Market Forecast and Analysis
8. DIAGNOSTIC ULTRASOUND DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - PORTABILITY
8.1. OVERVIEW
8.2. PORTABILITY MARKET FORECASTS AND ANALYSIS
8.3. TROLLEY
8.3.1. Overview
8.3.2. Trolley Market Forecast and Analysis
8.4. COMPACT/HANDHELD
8.4.1. Overview
8.4.2. Compact/Handheld Market Forecast and Analysis
9. DIAGNOSTIC ULTRASOUND DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
9.1. OVERVIEW
9.2. APPLICATION MARKET FORECASTS AND ANALYSIS
9.3. GENERAL IMAGING
9.3.1. Overview
9.3.2. General Imaging Market Forecast and Analysis
9.4. CARDIOLOGY
9.4.1. Overview
9.4.2. Cardiology Market Forecast and Analysis
9.5. OBSTETRICS/GYNECOLOGY
9.5.1. Overview
9.5.2. Obstetrics/Gynecology Market Forecast and Analysis
10. DIAGNOSTIC ULTRASOUND DEVICES MARKET - REVENUE AND FORECASTS TO 2028 - END USER
10.1. OVERVIEW
10.2. END USER MARKET FORECASTS AND ANALYSIS
10.3. HOSPITALS
10.3.1. Overview
10.3.2. Hospitals Market Forecast and Analysis
10.4. MATERNITY CENTERS
10.4.1. Overview
10.4.2. Maternity Centers Market Forecast and Analysis
11. DIAGNOSTIC ULTRASOUND DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Diagnostic Ultrasound Devices Market Overview
11.1.2 North America Diagnostic Ultrasound Devices Market Forecasts and Analysis
11.1.3 North America Diagnostic Ultrasound Devices Market Forecasts and Analysis - By Technology
11.1.4 North America Diagnostic Ultrasound Devices Market Forecasts and Analysis - By Portability
11.1.5 North America Diagnostic Ultrasound Devices Market Forecasts and Analysis - By Application
11.1.6 North America Diagnostic Ultrasound Devices Market Forecasts and Analysis - By End User
11.1.7 North America Diagnostic Ultrasound Devices Market Forecasts and Analysis - By Countries
11.1.7.1 United States Diagnostic Ultrasound Devices Market
11.1.7.1.1 United States Diagnostic Ultrasound Devices Market by Technology
11.1.7.1.2 United States Diagnostic Ultrasound Devices Market by Portability
11.1.7.1.3 United States Diagnostic Ultrasound Devices Market by Application
11.1.7.1.4 United States Diagnostic Ultrasound Devices Market by End User
11.1.7.2 Canada Diagnostic Ultrasound Devices Market
11.1.7.2.1 Canada Diagnostic Ultrasound Devices Market by Technology
11.1.7.2.2 Canada Diagnostic Ultrasound Devices Market by Portability
11.1.7.2.3 Canada Diagnostic Ultrasound Devices Market by Application
11.1.7.2.4 Canada Diagnostic Ultrasound Devices Market by End User
11.1.7.3 Mexico Diagnostic Ultrasound Devices Market
11.1.7.3.1 Mexico Diagnostic Ultrasound Devices Market by Technology
11.1.7.3.2 Mexico Diagnostic Ultrasound Devices Market by Portability
11.1.7.3.3 Mexico Diagnostic Ultrasound Devices Market by Application
11.1.7.3.4 Mexico Diagnostic Ultrasound Devices Market by End User
11.2. EUROPE
11.2.1 Europe Diagnostic Ultrasound Devices Market Overview
11.2.2 Europe Diagnostic Ultrasound Devices Market Forecasts and Analysis
11.2.3 Europe Diagnostic Ultrasound Devices Market Forecasts and Analysis - By Technology
11.2.4 Europe Diagnostic Ultrasound Devices Market Forecasts and Analysis - By Portability
11.2.5 Europe Diagnostic Ultrasound Devices Market Forecasts and Analysis - By Application
11.2.6 Europe Diagnostic Ultrasound Devices Market Forecasts and Analysis - By End User
11.2.7 Europe Diagnostic Ultrasound Devices Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Diagnostic Ultrasound Devices Market
11.2.7.1.1 Germany Diagnostic Ultrasound Devices Market by Technology
11.2.7.1.2 Germany Diagnostic Ultrasound Devices Market by Portability
11.2.7.1.3 Germany Diagnostic Ultrasound Devices Market by Application
11.2.7.1.4 Germany Diagnostic Ultrasound Devices Market by End User
11.2.7.2 France Diagnostic Ultrasound Devices Market
11.2.7.2.1 France Diagnostic Ultrasound Devices Market by Technology
11.2.7.2.2 France Diagnostic Ultrasound Devices Market by Portability
11.2.7.2.3 France Diagnostic Ultrasound Devices Market by Application
11.2.7.2.4 France Diagnostic Ultrasound Devices Market by End User
11.2.7.3 Italy Diagnostic Ultrasound Devices Market
11.2.7.3.1 Italy Diagnostic Ultrasound Devices Market by Technology
11.2.7.3.2 Italy Diagnostic Ultrasound Devices Market by Portability
11.2.7.3.3 Italy Diagnostic Ultrasound Devices Market by Application
11.2.7.3.4 Italy Diagnostic Ultrasound Devices Market by End User
11.2.7.4 Spain Diagnostic Ultrasound Devices Market
11.2.7.4.1 Spain Diagnostic Ultrasound Devices Market by Technology
11.2.7.4.2 Spain Diagnostic Ultrasound Devices Market by Portability
11.2.7.4.3 Spain Diagnostic Ultrasound Devices Market by Application
11.2.7.4.4 Spain Diagnostic Ultrasound Devices Market by End User
11.2.7.5 United Kingdom Diagnostic Ultrasound Devices Market
11.2.7.5.1 United Kingdom Diagnostic Ultrasound Devices Market by Technology
11.2.7.5.2 United Kingdom Diagnostic Ultrasound Devices Market by Portability
11.2.7.5.3 United Kingdom Diagnostic Ultrasound Devices Market by Application
11.2.7.5.4 United Kingdom Diagnostic Ultrasound Devices Market by End User
11.2.7.6 Rest of Europe Diagnostic Ultrasound Devices Market
11.2.7.6.1 Rest of Europe Diagnostic Ultrasound Devices Market by Technology
11.2.7.6.2 Rest of Europe Diagnostic Ultrasound Devices Market by Portability
11.2.7.6.3 Rest of Europe Diagnostic Ultrasound Devices Market by Application
11.2.7.6.4 Rest of Europe Diagnostic Ultrasound Devices Market by End User
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Diagnostic Ultrasound Devices Market Overview
11.3.2 Asia-Pacific Diagnostic Ultrasound Devices Market Forecasts and Analysis
11.3.3 Asia-Pacific Diagnostic Ultrasound Devices Market Forecasts and Analysis - By Technology
11.3.4 Asia-Pacific Diagnostic Ultrasound Devices Market Forecasts and Analysis - By Portability
11.3.5 Asia-Pacific Diagnostic Ultrasound Devices Market Forecasts and Analysis - By Application
11.3.6 Asia-Pacific Diagnostic Ultrasound Devices Market Forecasts and Analysis - By End User
11.3.7 Asia-Pacific Diagnostic Ultrasound Devices Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Diagnostic Ultrasound Devices Market
11.3.7.1.1 Australia Diagnostic Ultrasound Devices Market by Technology
11.3.7.1.2 Australia Diagnostic Ultrasound Devices Market by Portability
11.3.7.1.3 Australia Diagnostic Ultrasound Devices Market by Application
11.3.7.1.4 Australia Diagnostic Ultrasound Devices Market by End User
11.3.7.2 China Diagnostic Ultrasound Devices Market
11.3.7.2.1 China Diagnostic Ultrasound Devices Market by Technology
11.3.7.2.2 China Diagnostic Ultrasound Devices Market by Portability
11.3.7.2.3 China Diagnostic Ultrasound Devices Market by Application
11.3.7.2.4 China Diagnostic Ultrasound Devices Market by End User
11.3.7.3 India Diagnostic Ultrasound Devices Market
11.3.7.3.1 India Diagnostic Ultrasound Devices Market by Technology
11.3.7.3.2 India Diagnostic Ultrasound Devices Market by Portability
11.3.7.3.3 India Diagnostic Ultrasound Devices Market by Application
11.3.7.3.4 India Diagnostic Ultrasound Devices Market by End User
11.3.7.4 Japan Diagnostic Ultrasound Devices Market
11.3.7.4.1 Japan Diagnostic Ultrasound Devices Market by Technology
11.3.7.4.2 Japan Diagnostic Ultrasound Devices Market by Portability
11.3.7.4.3 Japan Diagnostic Ultrasound Devices Market by Application
11.3.7.4.4 Japan Diagnostic Ultrasound Devices Market by End User
11.3.7.5 South Korea Diagnostic Ultrasound Devices Market
11.3.7.5.1 South Korea Diagnostic Ultrasound Devices Market by Technology
11.3.7.5.2 South Korea Diagnostic Ultrasound Devices Market by Portability
11.3.7.5.3 South Korea Diagnostic Ultrasound Devices Market by Application
11.3.7.5.4 South Korea Diagnostic Ultrasound Devices Market by End User
11.3.7.6 Rest of Asia-Pacific Diagnostic Ultrasound Devices Market
11.3.7.6.1 Rest of Asia-Pacific Diagnostic Ultrasound Devices Market by Technology
11.3.7.6.2 Rest of Asia-Pacific Diagnostic Ultrasound Devices Market by Portability
11.3.7.6.3 Rest of Asia-Pacific Diagnostic Ultrasound Devices Market by Application
11.3.7.6.4 Rest of Asia-Pacific Diagnostic Ultrasound Devices Market by End User
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Diagnostic Ultrasound Devices Market Overview
11.4.2 Middle East and Africa Diagnostic Ultrasound Devices Market Forecasts and Analysis
11.4.3 Middle East and Africa Diagnostic Ultrasound Devices Market Forecasts and Analysis - By Technology
11.4.4 Middle East and Africa Diagnostic Ultrasound Devices Market Forecasts and Analysis - By Portability
11.4.5 Middle East and Africa Diagnostic Ultrasound Devices Market Forecasts and Analysis - By Application
11.4.6 Middle East and Africa Diagnostic Ultrasound Devices Market Forecasts and Analysis - By End User
11.4.7 Middle East and Africa Diagnostic Ultrasound Devices Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Diagnostic Ultrasound Devices Market
11.4.7.1.1 South Africa Diagnostic Ultrasound Devices Market by Technology
11.4.7.1.2 South Africa Diagnostic Ultrasound Devices Market by Portability
11.4.7.1.3 South Africa Diagnostic Ultrasound Devices Market by Application
11.4.7.1.4 South Africa Diagnostic Ultrasound Devices Market by End User
11.4.7.2 Saudi Arabia Diagnostic Ultrasound Devices Market
11.4.7.2.1 Saudi Arabia Diagnostic Ultrasound Devices Market by Technology
11.4.7.2.2 Saudi Arabia Diagnostic Ultrasound Devices Market by Portability
11.4.7.2.3 Saudi Arabia Diagnostic Ultrasound Devices Market by Application
11.4.7.2.4 Saudi Arabia Diagnostic Ultrasound Devices Market by End User
11.4.7.3 U.A.E Diagnostic Ultrasound Devices Market
11.4.7.3.1 U.A.E Diagnostic Ultrasound Devices Market by Technology
11.4.7.3.2 U.A.E Diagnostic Ultrasound Devices Market by Portability
11.4.7.3.3 U.A.E Diagnostic Ultrasound Devices Market by Application
11.4.7.3.4 U.A.E Diagnostic Ultrasound Devices Market by End User
11.4.7.4 Rest of Middle East and Africa Diagnostic Ultrasound Devices Market
11.4.7.4.1 Rest of Middle East and Africa Diagnostic Ultrasound Devices Market by Technology
11.4.7.4.2 Rest of Middle East and Africa Diagnostic Ultrasound Devices Market by Portability
11.4.7.4.3 Rest of Middle East and Africa Diagnostic Ultrasound Devices Market by Application
11.4.7.4.4 Rest of Middle East and Africa Diagnostic Ultrasound Devices Market by End User
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Diagnostic Ultrasound Devices Market Overview
11.5.2 South and Central America Diagnostic Ultrasound Devices Market Forecasts and Analysis
11.5.3 South and Central America Diagnostic Ultrasound Devices Market Forecasts and Analysis - By Technology
11.5.4 South and Central America Diagnostic Ultrasound Devices Market Forecasts and Analysis - By Portability
11.5.5 South and Central America Diagnostic Ultrasound Devices Market Forecasts and Analysis - By Application
11.5.6 South and Central America Diagnostic Ultrasound Devices Market Forecasts and Analysis - By End User
11.5.7 South and Central America Diagnostic Ultrasound Devices Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Diagnostic Ultrasound Devices Market
11.5.7.1.1 Brazil Diagnostic Ultrasound Devices Market by Technology
11.5.7.1.2 Brazil Diagnostic Ultrasound Devices Market by Portability
11.5.7.1.3 Brazil Diagnostic Ultrasound Devices Market by Application
11.5.7.1.4 Brazil Diagnostic Ultrasound Devices Market by End User
11.5.7.2 Argentina Diagnostic Ultrasound Devices Market
11.5.7.2.1 Argentina Diagnostic Ultrasound Devices Market by Technology
11.5.7.2.2 Argentina Diagnostic Ultrasound Devices Market by Portability
11.5.7.2.3 Argentina Diagnostic Ultrasound Devices Market by Application
11.5.7.2.4 Argentina Diagnostic Ultrasound Devices Market by End User
11.5.7.3 Rest of South and Central America Diagnostic Ultrasound Devices Market
11.5.7.3.1 Rest of South and Central America Diagnostic Ultrasound Devices Market by Technology
11.5.7.3.2 Rest of South and Central America Diagnostic Ultrasound Devices Market by Portability
11.5.7.3.3 Rest of South and Central America Diagnostic Ultrasound Devices Market by Application
11.5.7.3.4 Rest of South and Central America Diagnostic Ultrasound Devices Market by End User
12. IMPACT OF COVID-19 PANDEMIC ON GLOBAL DIAGNOSTIC ULTRASOUND DEVICES MARKET
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 Middle East and Africa
12.5 South and Central America
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. DIAGNOSTIC ULTRASOUND DEVICES MARKET, KEY COMPANY PROFILES
14.1. SIEMENS
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. SONOSCAPE
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. SAMSUNG MEDISON
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. SONOSITE (FUJIFILM )
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. GENERAL ELECTRIC (GE)
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. TOSHIBA
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. HITACHI MEDICAL
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. CHISON
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. PHILIPS
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. MINDRAY
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. SIEMENS
2. SONOSCAPE
3. SAMSUNG MEDISON
4. SONOSITE (FUJIFILM)
5. GENERAL ELECTRIC (GE)
6. TOSHIBA
7. HITACHI MEDICAL
8. CHISON
9. PHILIPS
10. MINDRAY
11. Arthrex, Inc.
12. Becton, Dickinson D
13. Esaote SpA
14. Fukuda Denshi
15. Kalamed GmbH
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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