Next Generation Ultrasound Systems Market Worth USD 19.52 Billion to 2031 with a CAGR of 8.79% | Exclusive InsightAce Study


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Jersey City, NJ, April 27, 2023 (GLOBE NEWSWIRE) — InsightAce Analytic Pvt. Ltd. has announced the publication of a market research report titled “Global Next Generation Ultrasound Systems Market (By Application (Monitoring and Diagnostics, Therapeutics), Usage Type (Temperature Patch, Blood Glucose Patch, Heart Rate and ECG Patch, TENS and EMS Patch, Others), End User (Hospital and Ambulatory Surgical Center, Homecare) – Market Outlook and Industry Analysis 2030″ According to company’s newest research, the Global Next Generation Ultrasound Systems Market is estimated to reach over USD 19.52 billion by 2031, exhibiting a CAGR of 8.79% during the forecast period for 2023-2031.

The rapidly growing population necessitates innovative and technologically advanced medical devices. Innovative healthcare quickly transitions from a traditional clinically engaged system to a distributed, patient-focused form. Artificial intelligence (AI) is generating enormous development and innovation in the healthcare industry. It is also accelerating drug research and discovery and enabling better and speedier diagnoses. Artificial intelligence (AI) has been shown to detect complex scan patterns and provide quantitative evaluations of imaging data.

Artificial intelligence (AI) enables the automation of time-consuming duties, quantification and selection of the optimal image segment from a 3-D dataset, visual mapping and annotation of screened anatomy, and voice recognition for hands-free operation. E.g. For hands-free operation, the most recent iteration of the Konica Minolta Sonimage HS1 employs AI-voice recognition. The revolutionary V Flow for vascular hemodynamic evaluation and intelligent plane acquisition from 3D datasets for foetal CNS diagnosis augment the clinical research capabilities of Mindray Resona 7.

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As ultrasound technologies are cost-effective, securer, and offer immediate diagnosis & treatment of target diseases, their demand in disease management is anticipated to grow during the forecast period. Spreading awareness regarding the benefits of next-generation ultrasound devices is expected to propel product demand. Furthermore, the ageing population, fast adoption of advanced technologies, increasing government initiatives for R&D of new ultrasound systems, rising awareness programs, high prevalence of chronic diseases, rising number of clinical trials and health-conscious pregnant women will help to upscale this market. However, the high cost of ultrasound technologies and the complexity of handling devices are limiting the growth of this market.

The Key developments

  • In Nov 2022, At the Radiological Society of North America (RSNA), Philips announced the worldwide debut of a next-generation compact portable ultrasound system. The Compact 5000 Series from Philips intends to deliver the diagnostic quality associated with premium cart-based ultrasound equipment to a broader range of patients. The Compact 5000 series, designed for mobility and adaptability without compromising image resolution or performance, enables more patients to get first time-right ultrasound tests.
  • In July 2022, Siemens Healthineers exhibits its updated Acuson family at the European Congress of Radiology (ECR) in Vienna. The redesigned ultrasound product line is intended to provide even greater clinical adaptability and to meet the challenges of a variety of clinical applications. Launching 12 new transducers across four ultrasound systems and expanding AI-powered tools1 enables a new level of versatility, resulting in greater efficiency and consistency for clinicians.
  • In Nov 2020, Konica Minolta Healthcare Americas, Inc. unveiled the SONIMAGE HS2, a next-generation, small ultrasound system with increased picture quality and novel features designed for point-of-care applications. The HS2 System, which is based on the company’s breakthrough ultrasound technology, provides higher picture quality and easier operation to enable doctors to address a wide range of therapeutic applications in musculoskeletal, vascular, pain management, interventional, and orthobiologics.
  • In September 2019, Butterfly Launched the New Ultrasound Technology in the U.K. A device has the potential to alter the way ultrasound scans are performed. In a nutshell, Butterfly Network’s technology turns a smartphone into an ultrasound machine.

The prominent market players:

  • 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
  • Siemens Healthineers AG
  • Other Prominent Players

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Next Generation Ultrasound Systems Market Report Scope

Report Attribute Specifications
Market size value in 2022 USD 9.28 Bn
Revenue forecast in 2031 USD 19.52 Bn
Growth rate CAGR CAGR of 8.79 % from 2023 to 2031
Quantitative units Representation of revenue in US$ Billion, and CAGR from 2023 to 2031
Historic Year 2019 to 2022
Forecast Year 2023-2031
Report coverage The forecast of revenue, the position of the company, the competitive market statistics, growth prospects, and trends
Segments covered Products, Technology, Application, Portability, End-Users
Regional scope North America; Europe; Asia Pacific; Latin America; Middle East & Africa
Country scope U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Market Insights:

Next-generation ultrasound system refers to a device that combines a number of imaging diagnoses related to a wide variety of clinical segments. The next-generation ultrasound systems have various advanced technologies with better quality, portability, cost and high performance. Next-generation ultrasound systems are beneficial in the treatment of chronic diseases. COVID-19 Pandemic is significantly increasing the need for ultrasound system devices, and hence, in future, there will be a high requirement for ultrasound devices, which will ultimately result in the next-generation ultrasound systems market growth.

Regional Trends:
Geographically, the North American region is the major revenue holder of this market due to the high demand for ultrasound systems, the augmented prevalence of chronic diseases, and growing government investments in the R&D of next-generation ultrasound systems to treat various chronic diseases. On the other hand, Europe will also dominate the market during the projection period due to the fast adoption of medical technologies and the rising prevalence of chronic diseases. The Asia-Pacific market is anticipated to grow faster owing to growing ultrasound systems manufacturing industries and the high prevalence of chronic diseases.

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Market Segmentation:

Global Next Generation Ultrasound Systems Market, by Application, 2023-2031 (Value US$ Bn)

  • Monitoring and Diagnostics
  • Therapeutics

Global Next Generation Ultrasound Systems Market, by Products, 2023-2031 (Value US$ Bn)

  • Diagnostic Ultrasound Systems
  • Therapeutic Ultrasound Systems

Global Next Generation Ultrasound Systems Market, by Technology, 2023-2031 (Value US$ Bn)

  • 4D/3D Ultrasound Systems
  • 2D Ultrasound Systems
  • Others (Fusion Imaging Tissue Harmonic Imaging)

Global Next Generation Ultrasound Systems Market, by Portability, 2023-2031 (Value US$ Bn)

  • Cart/Trolley-Based Systems
  • Handheld Devices and Wearables
  • Portable Systems

Global Next Generation Ultrasound Systems Market, by End-Users, 2023-2031 (Value US$ Bn)

  • Hospitals
  • Diagnostic Centers
  • Ambulatory Surgical Centers (ASCs)
  • Other End-User

Global Next Generation Ultrasound Systems Market, by Region, 2023-2031 (Value US$ Bn)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

North America Next Generation Ultrasound Systems Market, by Country, 2023-2031 (Value US$ Bn)

  • U.S.
  • Canada

Europe Next Generation Ultrasound Systems Market, by Country, 2023-2031 (Value US$ Bn)

  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

Asia Pacific Next Generation Ultrasound Systems Market, by Country, 2023-2031 (Value US$ Bn)

  • India
  • China
  • Japan
  • South Korea
  • Australia & New Zealand

Latin America Next Generation Ultrasound Systems Market, by Country, 2023-2031 (Value US$ Bn)

  • Brazil
  • Mexico
  • Rest of Latin America

Middle East & Africa Next Generation Ultrasound Systems Market, by Country, 2023-2031 (Value US$ Bn)

  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

About Us:

InsighAce Analytic is a specializing in market research and consulting services that helps in building business strategies. Our mission is to provide high quality insights with using data analytics techniques and visualization tools that drives the disruption and innovation in market research industry. Our expertise is in providing syndicated and custom market intelligence reports with in-depth analysis and key market insights in a timely and cost-effective manner.

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