3D Ultrasound Market Will Expand at 10.53% Growth by 2030

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04 Oct 2024

Table of Content

The global 3D Ultrasound market size was exhibited at USD 4.31 billion in 2022 and is projected to attain around USD 9.6 billion by 2030, poised to grow at a strong CAGR of 10.53 percent during the projection period from 2022 to 2030. The 3D ultrasound market with increased demands from customers during the forecast period.

The rapid acceptance of the newly developed technologies in the 3D ultrasound market with increased efficiency of the techniques developed to increase the imaging with the developed ultrasound waves helps to drive the market of ultrasound during the forecast period. The presence of technologies in the market facilitates with increased utilization of rising disorders and increased imaging in chronic disorders and in determining fetal activity during pregnancy. Increased research and development with increasing new technologies with enhanced efficiency and efficacy with real-time imaging and increased sound waves help to boost the market of 3D ultrasound during the forecast period. The key market players involved in 3D ultrasound with a new introduction of technologies with software systems and increased connectivity expand the market growth during the forecast period.

Report Highlights:

• On the basis of the technology involves, the 2D ultrasound segment with the largest market revenue share with increased demands from the market with increasing chronic disorders and increased real-time imaging with increased efficacy of the procedure with reduced cost with ultrasound imaging of the sound waves helps to expand the market of 3D ultrasound.
• On the basis of portability, the trolley/cart-based system with the highest market with increased CAGR of 3D ultrasound with the wide acceptance of the technology across various regions and increased funding from the government of various regions for new developments.
• On the basis of application, radiology imaging is the highest market with an increased market value of 3D ultrasound. Increasing chronic disorders and cancer are at the top increasing in day-to-day life and increasing demands from the medical for real-time imaging. Which helps to boost the market of 3D ultrasound to a larger extent.
• On the basis of end users, the hospitals, surgical centers, and diagnostic centers with the highest market share with an increased number of 3D ultrasounds and with developed technologies with software systems embedded into the ultrasound system help to expand the market of 3D ultrasounds during the forecast period.
• On the basis of geography, Europe accounts with the largest market with increased developments on 3D ultrasound and enhance research and development. Other regions which help to expand the market of 3D ultrasound are North America. Asia Pacific, Latin America, Middle East and Africa.

3D Ultrasound Market Report Scope:

Regional Snapshots:

The geographical sector of Europe accounts for the largest market in 3D ultrasound with huge developments in ultrasound technology. Ultrasound technology was introduced decades before with wide response for the technology with the increasing prevalence of chronic disorders and enhanced utilization in the medical sector for imaging of organs and many more with increased results helping to drive the market growth of ultrasound. Increased government support with developed infrastructure in the medical sector and integration of new developments in the hospitals helps to expand the market of 3D ultrasound. Enhance results of the 3D ultrasound with real-time imaging, and reduced cost of the treatment helps to propel the market of 3D ultrasound during the forecast period. North America, Asia Pacific, the Middle East and Africa also the major regions which contribute for the expansion of the market of 3D ultrasound during the forecast period.

Market Dynamics:

Drivers:

The developed 3D ultrasound imaging in the market along with other 2D, 3D, and 4D ultrasounds with increased benefits of the technology with newly developed techniques in 3D ultrasound with real-time imaging and reduced cost of the treatment helps to increase the market of 3D ultrasound. An increasing number of chronic disorders and enhance demands from the market for imaging with quick results and fast treatment helps to increase the market rate with an increased revenue share of 3D ultrasound during the forecast period. Increased research and development in 3D ultrasound for new technologies by the key market players helps to boost the market of 3D ultrasound with rising demands from the market.

Restraints:

3D ultrasound systems with increased technology and developments in the market with lack of awareness among the people regarding the new technologies developed in sonography that is 3D ultrasound utilized for detection of the problem in the body may reduce the market of 3D ultrasound due to reduced demands from the customer in underdeveloped regions. A major factor that hampers the market growth of 3D ultrasound is the rising cost of the 3D ultrasound system. Small-scale healthcare institutes are unable to install 3D ultrasound technology in the medical sector may decline the market of 3D ultrasound during the forecast period.

Opportunities:

The underdeveloped regions with new installment of 3D ultrasound systems with an increased facility in lower regions and enhance the market growth of 3D ultrasound with new technologies developed in the system with higher efficiency and accuracy of the 3D ultrasound provides the detail information and detection of the providers with increased opportunity to enhance the market rate. Government support with increased providence for developing the infrastructure and new developments with an increased number of policies for the common people such as reimbursement and enhance facilities to opt for the treatment expand the market to grow with new launches of 3D ultrasound with software system embedded and improved connectivity expands the market of 3D ultrasound to grow.

Challenges:

The increased cost of the newly developed 3D ultrasound technologies makes it impossible for the common people to take benefit of the developed technologies can challenge the 3D ultrasound market to grow due to reduced demands from the customer with enhanced cost of the new technology. Laco of skill among the individual may alter the market of 3D ultrasound. The availability of various ultrasounds with an increased number of options may decline the market of 3D ultrasound with reduced market share during the forecast period.

Recent Developments:

• September 2021, Acquisition of BK Medical by GE Health care with wide expansion in GE Health care with the development of ultrasound. Which helps to drive ultrasound technology and enhance the precision of health with surgical visualization.
• October 2020, Collaboration of GE Health Care and St. Lukes's University and installment of 76 ultrasounds in echocardiography, vascular, and radiology.

Major Key Players:

• United imgaing health care, Co. ltd
• Medgyn Products, Inc
• Clarius mobile health
• Neusoft corporation
• Mabisante Inc
• Medical Technologies Co., Ltd
• CURA Healthcare
• Carestream Health
• Esaote S.p.A
• Analogic Corporation
• Mindray Medical International Limited
• Samsung Electronics
• FUJIFILM Holdings corporation
• GE Healthcare
• Koninklijke Philips N.V.
• Canon Medical System Corporation
• HItachi Ltd
• Siemens Healthineers AG
• Hologic

Market Segmentation:

By Technology 

• Diagnostic Ultrasound
  • 2D Ultrasound
  • 3D & 4D Ultrasound
  • Doppler Ultrasound
• Therapeutic Ultrasound
  • High Intensity Focused Ultrasound (HIFU)
  • Extracorporeal shockwave Lithotripsy (ESWL)

By Device Display

• Colour Ultrasound
• B/W Ultrasound

By Portability

• Trolley/Cart-Based Ultrasound Systems
• Compact/ Handheld Ultrasound Systems
• Point-Of-Care Ultrasound Systems

By Application

• Radiology / General Imaging Applications
• Pain Management Applications
• Cardiology Applications
• Urology Applications
• Vascular Applications
• Obstetrics / Gynecology Applications
• Orthopedical and Musculoskeletal Applications
• Other Applications (Hepatalogy, Neurology, Breast Imaging, Bariatric Surgery, Emergency Care)

By Component

• Transducers / Probes
  • Curvilinear / Convex Array Probes
  • Linear Array Probes
  • Phased Array Probes
  • Other Probes
• Workstations
• Other Components

By End-User

• Research And Academia
• Ambulatory Care Centers
• Maternity Centers
• Hospitals, Surgical Centers and Diagnostic Centers
• Other End-Users (Physiotherapy Clinics, Independent Associations, Government Organizations, Sports Academic)

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