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Ultrasound-based Imaging Market

Ultrasound-based Imaging Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020 - 2030

Ultrasound-based Imaging Market: Introduction

  • Ultrasound-based imaging employs sound waves to produce pictures of the inner side of the body. It is usually carried out to diagnose the causes of pain, infection, and swelling in the body's internal organs. In pregnant women, ultrasound-based imaging is employed to examine the fetus.
  • Ultrasound imaging is conducted in real time, which enables the operator to watch the movement of the body's internal organs as well as the blood flowing through the blood vessels
  • Ultrasound imaging has been in use for the last more than 20 years and it has excellent safety record. In ultrasound imaging, ionizing radiations are not used. Thus, it does not involve the risks associated with X-ray or other types of imaging systems that use ionizing radiations.
  • Also, ultrasound imaging is the most widely used medical imaging method for examining the fetus during pregnancy. In this method, several routine examinations are performed to monitor and assess the health of the fetus and the mother.

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Key Drivers of Global Ultrasound-based Imaging Market

  • The health care industry in developed nations is expanding at a pace higher than any other industry. Growth of aging population, increasing prevalence of chronic diseases, and growing search for better quality of life have augmented the health care industry. This, in turn, is expected to fuel the global market for ultrasound-based imaging during the forecast period.
  • In recent years, the demand for integrated software solutions and 3-D imaging has increased significantly amongst radiologists so as to achieve better understanding and accurate results. This, in turn, is estimated to propel the global ultrasound-based imaging market during the forecast period.
  • Various governments have recommended to reduce unnecessary radiation exposure from medical imaging. Health care providers must consider examinations that use little or no exposure to ionizing radiations, such as ultrasound or MRI (magnetic resonance imaging). This, in turn, is expected to augment the global ultrasound-based imaging market during the forecast period.

Restraints of Global Ultrasound-based Imaging Market

  • The ultrasound energy has potential to cause effects on the human body. Ultrasound waves can increase the temperature of the tissues. Moreover, in some cases, they can also generate small pockets of gas in the body fluids or tissues (cavitation). This can have long-term consequences on the human body. 

Major Developments

  • Northwestern Medicine recently began a research study by making use of ‘Bay Labs,’ an artificial intelligence-based EchoGPS cardiac ultrasound guidance software, which helps in enabling certified medical assistants (CMAs) with no prior scanning experience to capture high-quality echocardiograms (ECGs). Furthermore, the study would test the quality of EchoMD measurement and interpretation software suite in the detection of certain types of heart diseases that are common among patients aged 65 years or above and undergoing routine physical examinations in primary health care settings.
  • In 2018, at the Radiological Society of North America (RSNA) meeting, Hitachi launched its new mid-range ultrasound system called Arietta 65. The new system uses a small trackball to make the keyboard smaller and to enable shorter hand movements, making the system more ergonomic.
  • The Philips Epiq and Affiniti ultrasound systems introduced at the RSNA 2018 offer anatomical intelligence for breast imaging to enhance reproducibility and streamline the workflow. The automation and AI provide visual mapping and annotation of screened anatomy, with minimal user interaction.

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Asia Pacific to Hold a Major Share of Global Ultrasound-based Imaging Market

  • Based on region, the global ultrasound-based imaging market can be classified into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa  
  • Asia Pacific is expected to be a leading market for ultrasound-based imaging from 2020 to 2030. High investments in the health care industry, especially in developing countries such as China and India, and favorable government initiatives are likely to drive the market in the region between 2020 and 2030.
  • North America is expected to hold a considerable share of the global ultrasound imaging market during the forecast period, as a result of expanding footprint of leading pharmaceutical companies and rise in the launch of commercialized products in the region
  • Also, in recent years, Europe has witnessed rise in investments in electronic health records. Hospitals in the region are investing in solutions that can support better data integration, increased workflow optimization, and delivery of smart digital services to patients. This, in turn, is estimated to drive the ultrasound-based imaging market in Europe during the forecast period.

Key Players Operating in Global Market

Some of the major players operating in the global ultrasound-based imaging market are:

  • GE Healthcare
  • Philips Healthcare
  • MIM Software, Inc.
  • Siemens Healthcare Private Limited
  • Merge Healthcare Incorporated
  • MIM Software, Inc.
  • Spacelabs Healthcare, Inc.
  • Merge Healthcare Incorporated
  • Esaote SpA
  • Xinapse Systems Ltd 
  • Hitachi Healthcare

Global Ultrasound-based Imaging Market, by Software Type

  • Integrated
  • Standalone

Global Ultrasound-based Imaging Market, by Type

  • 2D
  • 3D/4D
  • Doppler

Global Ultrasound-based Imaging Market, by Application

  • Cardiology
  • Obstetrics & Gynecology
  • Nephrology & Urology
  • Orthopedic
  • Dental
  • Oncology
  • Radiology

Global Ultrasound-based imaging Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Italy
    • Spain
    • France
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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