Ultrasound Market [2021-2031] - Size, Share
The Ultrasound Market is expected to register a CAGR of 6.7% 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 Type (Color Ultrasound and Black & White (B/W) Ultrasound), Modality (Compact/Handheld Ultrasound Systems, Trolley/Cart-Based Ultrasound Systems and Point-of-Care (POC) Ultrasound Systems), Technology (Diagnostic Ultrasound and Therapeutic Ultrasound), Application (Cardiology, Vascular, Radiology/General Imaging, Urology, Pain Management Orthopedic & Musculoskeletal, Obstetrics/Gynecology and Others), End User (Hospitals, Diagnostics Centers, Maternity Centers and Others). The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Ultrasound 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.
Ultrasound Market Segmentation
Type- Color Ultrasound and Black & White
- Compact/Handheld Ultrasound Systems
- Trolley/Cart-Based Ultrasound Systems and Point-of-Care
- Diagnostic Ultrasound and Therapeutic Ultrasound
- Cardiology
- Vascular
- Radiology/General Imaging
- Urology
- Pain Management Orthopedic & Musculoskeletal
- Obstetrics/Gynecology and Others
- Cardiology
- Vascular
- Radiology/General Imaging
- Urology
- Pain Management Orthopedic & Musculoskeletal
- Obstetrics/Gynecology and Others
Strategic Insights
Ultrasound Market Growth Drivers- Increasing Prevalence of Chronic Diseases: The increasing number of chronic diseases includes cardiovascular diseases, cancer, and gastrointestinal disorders, thereby demanding diagnostic imaging, such as ultrasound, which helps in early detection and continuous monitoring. Most of the chronic diseases call for long-term follow-up and imaging for disease progression assessment. Ultrasound is widely accepted in many of these conditions because the examination is non-invasive and devoid of the hazards with ionizing radiation.
- Rising Demand for minimally Invasive Diagnostic Procedures As more health care providers and patients turn to non-invasive procedures for diagnosis and treatment, ultrasound, the least invasive imaging technique, becomes more important in the diagnostic process. It is one of the most widely used tools in minimally invasive procedures: biopsies, vascular interventions, among others; certain surgeries are performed with its help. Guiding procedures through real-time imaging results in fewer complications and better results in such cases, thus increasing its demand.
- Aging population: Globally the geriatric population suffers from various chronic diseases and thus bears a very high need for periodic imaging services. An elderly person needs continuous follow-up in case of heart disease or cancer. This will, therefore, sustain the demand for ultrasound.
- Advances in technology: The technological advancement aspect of devices has been witnessed generally, but most significantly concerning ultrasound technology with innovations that include development into portable ultrasound machines, 3D and 4D imaging, higher resolutions, and artificial intelligence. As such, ultrasounds become more efficient and accessible in managing chronic diseases, boosting more adoption and larger significant market growth.
- Telemedicine and Remote Monitoring: Telemedicine and remote health care products have equipped portable ultrasound machines to be a state-of-the-art tool but of necessity, too, in monitoring outside traditional care environments. Management of patients is becoming patient-centered through remote monitoring instruments. Patients receive immediate feedback or information that might even lead to better compliance and thus better health outcomes.
- Research and development: In the ultrasound industry, companies continue to invest in R&D, thus coming up with new ultrasound products and improving their clinical applications. It further emphasizes regulatory compliance so that clinical validation standards for any ultrasound product and technology are driven.
- Favorable Reimbursement Policies: Favorable reimbursement policies in many geographies are supporting the growth of ultrasound usage as a first-line diagnostic procedure and, thus, help in market growth. More attention by several governments and healthcare bodies on chronic disease management through investments in technology for healthcare, like diagnostic imaging, has helped them promote this market more with policies on preventive care and management of chronic diseases.
- Improvement in healthcare infrastructure: An increase in healthcare infrastructure, especially emerging markets, drives higher adoption rates of ultrasound equipment. Improving healthcare infrastructure in emerging markets means an increased number of people can receive access to ultrasound diagnostics. With the increasing health facility, diagnosis and monitoring abilities regarding chronic diseases become better.
- Diversified Clinical Applications: Ultrasound is versatile and is used for various disciplines like obstetrics and gynecology, cardiology, urology, and musculoskeletal imaging, hence its geographically diversified scope. As the knowledge on chronic diseases increases, ultrasound applications have been finding entrance in newer areas such as organ health monitoring in chronic kidney disease and liver fibrosis in chronic liver disease. This diversity has opened up new scopes for ultrasound and aids growth in the market.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Ultrasound 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 Ultrasound 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
The Ultrasound Market is estimated to witness a CAGR of 6.7% from 2023 to 2031
The major factors driving the ultrasound market are:
1.Increasing prevelance of chronic diosrders
2. Increasing demand for minimally invasive diagnostics procedures
3. Aging population
North America region dominated the ultrasound market in 2023
Asia Pacific region dominated the ultrasound market in 2023
The Diagnostic Ultrasound segment accounts for highest revenue in product sgement in 2023
ESAOTE SPA, Analogic Corporation, FUJIFILM Holdings Corporation, General Electric Company, Koninklijke Philips N.V., Hitachi, Ltd., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Siemens AG, CANON MEDICAL SYSTEMS CORPORATION, Shimadzu Corporationare are some of the major market players operating in the market
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Ultrasound Market - By Type
1.3.2 Ultrasound Market - By Modality
1.3.3 Ultrasound Market - By Technology
1.3.4 Ultrasound Market - By Application
1.3.5 Ultrasound Market - By End User
1.3.6 Ultrasound Market - By Region
1.3.6.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ULTRASOUND 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. ULTRASOUND 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. ULTRASOUND MARKET - GLOBAL MARKET ANALYSIS
6.1. ULTRASOUND - GLOBAL MARKET OVERVIEW
6.2. ULTRASOUND - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. ULTRASOUND MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. COLOR ULTRASOUND
7.3.1. Overview
7.3.2. Color Ultrasound Market Forecast and Analysis
7.4. BLACK AND WHITE ULTRASOUND
7.4.1. Overview
7.4.2. Black and White Ultrasound Market Forecast and Analysis
8. ULTRASOUND MARKET - REVENUE AND FORECASTS TO 2028 - MODALITY
8.1. OVERVIEW
8.2. MODALITY MARKET FORECASTS AND ANALYSIS
8.3. COMPACT/HANDHELD ULTRASOUND SYSTEMS
8.3.1. Overview
8.3.2. Compact/Handheld Ultrasound Systems Market Forecast and Analysis
8.4. TROLLEY/CART-BASED ULTRASOUND SYSTEMS
8.4.1. Overview
8.4.2. Trolley/Cart-Based Ultrasound Systems Market Forecast and Analysis
8.5. POINT-OF-CARE (POC) ULTRASOUND SYSTEMS
8.5.1. Overview
8.5.2. Point-of-Care (POC) Ultrasound Systems Market Forecast and Analysis
9. ULTRASOUND MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
9.1. OVERVIEW
9.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
9.3. 2D ULTRASOUND IMAGING
9.3.1. Overview
9.3.2. 2D Ultrasound Imaging Market Forecast and Analysis
9.4. 3D AND 4D ULTRASOUND IMAGING
9.4.1. Overview
9.4.2. 3D and 4D Ultrasound Imaging Market Forecast and Analysis
9.5. DOPPLER IMAGING
9.5.1. Overview
9.5.2. Doppler Imaging Market Forecast and Analysis
9.6. HIGH-INTENSITY FOCUSED ULTRASOUND
9.6.1. Overview
9.6.2. High-intensity Focused Ultrasound Market Forecast and Analysis
10. ULTRASOUND MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
10.1. OVERVIEW
10.2. APPLICATION MARKET FORECASTS AND ANALYSIS
10.3. CARDIOLOGY
10.3.1. Overview
10.3.2. Cardiology Market Forecast and Analysis
10.4. VASCULAR
10.4.1. Overview
10.4.2. Vascular Market Forecast and Analysis
10.5. RADIOLOGY/GENERAL IMAGING
10.5.1. Overview
10.5.2. Radiology/General imaging Market Forecast and Analysis
10.6. UROLOGY
10.6.1. Overview
10.6.2. Urology Market Forecast and Analysis
10.7. ORTHOPEDIC AND MUSCULOSKELETAL
10.7.1. Overview
10.7.2. Orthopedic and Musculoskeletal Market Forecast and Analysis
10.8. OBSTETRICS/GYNECOLOGY
10.8.1. Overview
10.8.2. Obstetrics/Gynecology Market Forecast and Analysis
10.9. OTHERS
10.9.1. Overview
10.9.2. Others Market Forecast and Analysis
11. ULTRASOUND MARKET - REVENUE AND FORECASTS TO 2028 - END USER
11.1. OVERVIEW
11.2. END USER MARKET FORECASTS AND ANALYSIS
11.3. HOSPITALS
11.3.1. Overview
11.3.2. Hospitals Market Forecast and Analysis
11.4. DIAGNOSTICS CENTERS
11.4.1. Overview
11.4.2. Diagnostics Centers Market Forecast and Analysis
11.5. MATERNITY CENTERS
11.5.1. Overview
11.5.2. Maternity Centers Market Forecast and Analysis
11.6. OTHERS
11.6.1. Overview
11.6.2. Others Market Forecast and Analysis
12. ULTRASOUND MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
12.1. NORTH AMERICA
12.1.1 North America Ultrasound Market Overview
12.1.2 North America Ultrasound Market Forecasts and Analysis
12.1.3 North America Ultrasound Market Forecasts and Analysis - By Type
12.1.4 North America Ultrasound Market Forecasts and Analysis - By Modality
12.1.5 North America Ultrasound Market Forecasts and Analysis - By Technology
12.1.6 North America Ultrasound Market Forecasts and Analysis - By Application
12.1.7 North America Ultrasound Market Forecasts and Analysis - By End User
12.1.8 North America Ultrasound Market Forecasts and Analysis - By Countries
12.1.8.1 United States Ultrasound Market
12.1.8.1.1 United States Ultrasound Market by Type
12.1.8.1.2 United States Ultrasound Market by Modality
12.1.8.1.3 United States Ultrasound Market by Technology
12.1.8.1.4 United States Ultrasound Market by Application
12.1.8.1.5 United States Ultrasound Market by End User
12.1.8.2 Canada Ultrasound Market
12.1.8.2.1 Canada Ultrasound Market by Type
12.1.8.2.2 Canada Ultrasound Market by Modality
12.1.8.2.3 Canada Ultrasound Market by Technology
12.1.8.2.4 Canada Ultrasound Market by Application
12.1.8.2.5 Canada Ultrasound Market by End User
12.1.8.3 Mexico Ultrasound Market
12.1.8.3.1 Mexico Ultrasound Market by Type
12.1.8.3.2 Mexico Ultrasound Market by Modality
12.1.8.3.3 Mexico Ultrasound Market by Technology
12.1.8.3.4 Mexico Ultrasound Market by Application
12.1.8.3.5 Mexico Ultrasound Market by End User
12.2. EUROPE
12.2.1 Europe Ultrasound Market Overview
12.2.2 Europe Ultrasound Market Forecasts and Analysis
12.2.3 Europe Ultrasound Market Forecasts and Analysis - By Type
12.2.4 Europe Ultrasound Market Forecasts and Analysis - By Modality
12.2.5 Europe Ultrasound Market Forecasts and Analysis - By Technology
12.2.6 Europe Ultrasound Market Forecasts and Analysis - By Application
12.2.7 Europe Ultrasound Market Forecasts and Analysis - By End User
12.2.8 Europe Ultrasound Market Forecasts and Analysis - By Countries
12.2.8.1 Germany Ultrasound Market
12.2.8.1.1 Germany Ultrasound Market by Type
12.2.8.1.2 Germany Ultrasound Market by Modality
12.2.8.1.3 Germany Ultrasound Market by Technology
12.2.8.1.4 Germany Ultrasound Market by Application
12.2.8.1.5 Germany Ultrasound Market by End User
12.2.8.2 France Ultrasound Market
12.2.8.2.1 France Ultrasound Market by Type
12.2.8.2.2 France Ultrasound Market by Modality
12.2.8.2.3 France Ultrasound Market by Technology
12.2.8.2.4 France Ultrasound Market by Application
12.2.8.2.5 France Ultrasound Market by End User
12.2.8.3 Italy Ultrasound Market
12.2.8.3.1 Italy Ultrasound Market by Type
12.2.8.3.2 Italy Ultrasound Market by Modality
12.2.8.3.3 Italy Ultrasound Market by Technology
12.2.8.3.4 Italy Ultrasound Market by Application
12.2.8.3.5 Italy Ultrasound Market by End User
12.2.8.4 Spain Ultrasound Market
12.2.8.4.1 Spain Ultrasound Market by Type
12.2.8.4.2 Spain Ultrasound Market by Modality
12.2.8.4.3 Spain Ultrasound Market by Technology
12.2.8.4.4 Spain Ultrasound Market by Application
12.2.8.4.5 Spain Ultrasound Market by End User
12.2.8.5 United Kingdom Ultrasound Market
12.2.8.5.1 United Kingdom Ultrasound Market by Type
12.2.8.5.2 United Kingdom Ultrasound Market by Modality
12.2.8.5.3 United Kingdom Ultrasound Market by Technology
12.2.8.5.4 United Kingdom Ultrasound Market by Application
12.2.8.5.5 United Kingdom Ultrasound Market by End User
12.2.8.6 Rest of Europe Ultrasound Market
12.2.8.6.1 Rest of Europe Ultrasound Market by Type
12.2.8.6.2 Rest of Europe Ultrasound Market by Modality
12.2.8.6.3 Rest of Europe Ultrasound Market by Technology
12.2.8.6.4 Rest of Europe Ultrasound Market by Application
12.2.8.6.5 Rest of Europe Ultrasound Market by End User
12.3. ASIA-PACIFIC
12.3.1 Asia-Pacific Ultrasound Market Overview
12.3.2 Asia-Pacific Ultrasound Market Forecasts and Analysis
12.3.3 Asia-Pacific Ultrasound Market Forecasts and Analysis - By Type
12.3.4 Asia-Pacific Ultrasound Market Forecasts and Analysis - By Modality
12.3.5 Asia-Pacific Ultrasound Market Forecasts and Analysis - By Technology
12.3.6 Asia-Pacific Ultrasound Market Forecasts and Analysis - By Application
12.3.7 Asia-Pacific Ultrasound Market Forecasts and Analysis - By End User
12.3.8 Asia-Pacific Ultrasound Market Forecasts and Analysis - By Countries
12.3.8.1 Australia Ultrasound Market
12.3.8.1.1 Australia Ultrasound Market by Type
12.3.8.1.2 Australia Ultrasound Market by Modality
12.3.8.1.3 Australia Ultrasound Market by Technology
12.3.8.1.4 Australia Ultrasound Market by Application
12.3.8.1.5 Australia Ultrasound Market by End User
12.3.8.2 China Ultrasound Market
12.3.8.2.1 China Ultrasound Market by Type
12.3.8.2.2 China Ultrasound Market by Modality
12.3.8.2.3 China Ultrasound Market by Technology
12.3.8.2.4 China Ultrasound Market by Application
12.3.8.2.5 China Ultrasound Market by End User
12.3.8.3 India Ultrasound Market
12.3.8.3.1 India Ultrasound Market by Type
12.3.8.3.2 India Ultrasound Market by Modality
12.3.8.3.3 India Ultrasound Market by Technology
12.3.8.3.4 India Ultrasound Market by Application
12.3.8.3.5 India Ultrasound Market by End User
12.3.8.4 Japan Ultrasound Market
12.3.8.4.1 Japan Ultrasound Market by Type
12.3.8.4.2 Japan Ultrasound Market by Modality
12.3.8.4.3 Japan Ultrasound Market by Technology
12.3.8.4.4 Japan Ultrasound Market by Application
12.3.8.4.5 Japan Ultrasound Market by End User
12.3.8.5 South Korea Ultrasound Market
12.3.8.5.1 South Korea Ultrasound Market by Type
12.3.8.5.2 South Korea Ultrasound Market by Modality
12.3.8.5.3 South Korea Ultrasound Market by Technology
12.3.8.5.4 South Korea Ultrasound Market by Application
12.3.8.5.5 South Korea Ultrasound Market by End User
12.3.8.6 Rest of Asia-Pacific Ultrasound Market
12.3.8.6.1 Rest of Asia-Pacific Ultrasound Market by Type
12.3.8.6.2 Rest of Asia-Pacific Ultrasound Market by Modality
12.3.8.6.3 Rest of Asia-Pacific Ultrasound Market by Technology
12.3.8.6.4 Rest of Asia-Pacific Ultrasound Market by Application
12.3.8.6.5 Rest of Asia-Pacific Ultrasound Market by End User
12.4. MIDDLE EAST AND AFRICA
12.4.1 Middle East and Africa Ultrasound Market Overview
12.4.2 Middle East and Africa Ultrasound Market Forecasts and Analysis
12.4.3 Middle East and Africa Ultrasound Market Forecasts and Analysis - By Type
12.4.4 Middle East and Africa Ultrasound Market Forecasts and Analysis - By Modality
12.4.5 Middle East and Africa Ultrasound Market Forecasts and Analysis - By Technology
12.4.6 Middle East and Africa Ultrasound Market Forecasts and Analysis - By Application
12.4.7 Middle East and Africa Ultrasound Market Forecasts and Analysis - By End User
12.4.8 Middle East and Africa Ultrasound Market Forecasts and Analysis - By Countries
12.4.8.1 South Africa Ultrasound Market
12.4.8.1.1 South Africa Ultrasound Market by Type
12.4.8.1.2 South Africa Ultrasound Market by Modality
12.4.8.1.3 South Africa Ultrasound Market by Technology
12.4.8.1.4 South Africa Ultrasound Market by Application
12.4.8.1.5 South Africa Ultrasound Market by End User
12.4.8.2 Saudi Arabia Ultrasound Market
12.4.8.2.1 Saudi Arabia Ultrasound Market by Type
12.4.8.2.2 Saudi Arabia Ultrasound Market by Modality
12.4.8.2.3 Saudi Arabia Ultrasound Market by Technology
12.4.8.2.4 Saudi Arabia Ultrasound Market by Application
12.4.8.2.5 Saudi Arabia Ultrasound Market by End User
12.4.8.3 U.A.E Ultrasound Market
12.4.8.3.1 U.A.E Ultrasound Market by Type
12.4.8.3.2 U.A.E Ultrasound Market by Modality
12.4.8.3.3 U.A.E Ultrasound Market by Technology
12.4.8.3.4 U.A.E Ultrasound Market by Application
12.4.8.3.5 U.A.E Ultrasound Market by End User
12.4.8.4 Rest of Middle East and Africa Ultrasound Market
12.4.8.4.1 Rest of Middle East and Africa Ultrasound Market by Type
12.4.8.4.2 Rest of Middle East and Africa Ultrasound Market by Modality
12.4.8.4.3 Rest of Middle East and Africa Ultrasound Market by Technology
12.4.8.4.4 Rest of Middle East and Africa Ultrasound Market by Application
12.4.8.4.5 Rest of Middle East and Africa Ultrasound Market by End User
12.5. SOUTH AND CENTRAL AMERICA
12.5.1 South and Central America Ultrasound Market Overview
12.5.2 South and Central America Ultrasound Market Forecasts and Analysis
12.5.3 South and Central America Ultrasound Market Forecasts and Analysis - By Type
12.5.4 South and Central America Ultrasound Market Forecasts and Analysis - By Modality
12.5.5 South and Central America Ultrasound Market Forecasts and Analysis - By Technology
12.5.6 South and Central America Ultrasound Market Forecasts and Analysis - By Application
12.5.7 South and Central America Ultrasound Market Forecasts and Analysis - By End User
12.5.8 South and Central America Ultrasound Market Forecasts and Analysis - By Countries
12.5.8.1 Brazil Ultrasound Market
12.5.8.1.1 Brazil Ultrasound Market by Type
12.5.8.1.2 Brazil Ultrasound Market by Modality
12.5.8.1.3 Brazil Ultrasound Market by Technology
12.5.8.1.4 Brazil Ultrasound Market by Application
12.5.8.1.5 Brazil Ultrasound Market by End User
12.5.8.2 Argentina Ultrasound Market
12.5.8.2.1 Argentina Ultrasound Market by Type
12.5.8.2.2 Argentina Ultrasound Market by Modality
12.5.8.2.3 Argentina Ultrasound Market by Technology
12.5.8.2.4 Argentina Ultrasound Market by Application
12.5.8.2.5 Argentina Ultrasound Market by End User
12.5.8.3 Rest of South and Central America Ultrasound Market
12.5.8.3.1 Rest of South and Central America Ultrasound Market by Type
12.5.8.3.2 Rest of South and Central America Ultrasound Market by Modality
12.5.8.3.3 Rest of South and Central America Ultrasound Market by Technology
12.5.8.3.4 Rest of South and Central America Ultrasound Market by Application
12.5.8.3.5 Rest of South and Central America Ultrasound Market by End User
13. IMPACT OF COVID-19 PANDEMIC ON GLOBAL ULTRASOUND MARKET
13.1 North America
13.2 Europe
13.3 Asia-Pacific
13.4 Middle East and Africa
13.5 South and Central America
14. INDUSTRY LANDSCAPE
14.1. MERGERS AND ACQUISITIONS
14.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
14.3. NEW PRODUCT LAUNCHES
14.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
15. ULTRASOUND MARKET, KEY COMPANY PROFILES
15.1. ANALOGIC CORPORATION
15.1.1. Key Facts
15.1.2. Business Description
15.1.3. Products and Services
15.1.4. Financial Overview
15.1.5. SWOT Analysis
15.1.6. Key Developments
15.2. ESAOTE SPA
15.2.1. Key Facts
15.2.2. Business Description
15.2.3. Products and Services
15.2.4. Financial Overview
15.2.5. SWOT Analysis
15.2.6. Key Developments
15.3. FUJIFILM HOLDINGS CORPORATION
15.3.1. Key Facts
15.3.2. Business Description
15.3.3. Products and Services
15.3.4. Financial Overview
15.3.5. SWOT Analysis
15.3.6. Key Developments
15.4. GENERAL ELECTRIC COMPANY
15.4.1. Key Facts
15.4.2. Business Description
15.4.3. Products and Services
15.4.4. Financial Overview
15.4.5. SWOT Analysis
15.4.6. Key Developments
15.5. HITACHI LTD.
15.5.1. Key Facts
15.5.2. Business Description
15.5.3. Products and Services
15.5.4. Financial Overview
15.5.5. SWOT Analysis
15.5.6. Key Developments
15.6. KONINKLIJKE PHILIPS N.V.
15.6.1. Key Facts
15.6.2. Business Description
15.6.3. Products and Services
15.6.4. Financial Overview
15.6.5. SWOT Analysis
15.6.6. Key Developments
15.7. SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS CO., LTD.
15.7.1. Key Facts
15.7.2. Business Description
15.7.3. Products and Services
15.7.4. Financial Overview
15.7.5. SWOT Analysis
15.7.6. Key Developments
15.8. SIEMENS AG
15.8.1. Key Facts
15.8.2. Business Description
15.8.3. Products and Services
15.8.4. Financial Overview
15.8.5. SWOT Analysis
15.8.6. Key Developments
15.9. CANON MEDICAL SYSTEMS CORPORATION
15.9.1. Key Facts
15.9.2. Business Description
15.9.3. Products and Services
15.9.4. Financial Overview
15.9.5. SWOT Analysis
15.9.6. Key Developments
15.10. SHIMADZU CORPORATION
15.10.1. Key Facts
15.10.2. Business Description
15.10.3. Products and Services
15.10.4. Financial Overview
15.10.5. SWOT Analysis
15.10.6. Key Developments
16. APPENDIX
16.1. ABOUT THE INSIGHT PARTNERS
16.2. GLOSSARY OF TERMS
The List of Companies
1. ESAOTE SPA
2. Analogic Corporation
3. FUJIFILM Holdings Corporation
4. General Electric Company
5. Koninklijke Philips N.V.
6. Hitachi, Ltd.
7. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
8. Siemens AG
9. CANON MEDICAL SYSTEMS CORPORATION
10. Shimadzu Corporation
11. Mobisante Co
12. Samsung Electronics , Ltd
13. Mindray Medical International Ltd
14. Analogic Corporation
15. Chison Medical Imaging
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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