United States Ultrasound Device Market will be USD 3.06 Billion by 2027 | Renub Research

Erika Tinkle March 13, 2023

3 4 minutes read

According to Renub Research latest report “United States Ultrasound Device Market, Size, forecast 2022-2027, Industry Trends, Share, Growth, Company Analysis” United States Ultrasound Device Market is estimated to reach US$ 3.06 Billion by 2027. Ultrasound devices comprises of a computer console, video monitor and an attached transducer. The ultrasound devices help identify the causes of pain, swelling and infection in the body’s internal organs and to study an unborn child (foetus) in pregnant women. It also assistsin the process of biopsies, identifying heart conditions, and assessing damage after a heart attack. According to Centre of Disease Control and Prevention (CDC), in the United States, one person dies every 34 seconds from cardiovascular disease.

Ultrasound avoids the usage of radiation, and it is also safe, non-invasive, which has resulted in the growth of its demand for the diagnosis of various diseases. Moreover, the rise in the adoption of diagnostic imaging, the surge in cases of chronic diseases, and quick technological advancements are some of the other growth drivers for the ultrasound device market in the United States. According to a January 2022, report published by the American Cancer Society, nearly 19,880 women are expected to be diagnosed with ovarian cancer in 2022. The report also stated that, ovarian cancer ranks fifth in cancer deaths among women, considering for more deaths than any other cancer of the female reproductive system.

Portable/Handheld Ultrasound Systems segment is forecasted to register a high growth during the forecast years:

Nowadays, the portable ultrasound devices are being utilized in the major areas of diseases, such as cardiology, radiology endocrinology and gynaecology. The device also provides for easy access to ultrasound when there is limited space. The above are major factors that propel the growth of the market. In addition, the introduction of new and improved technology, the growing prevalence of chronic diseases, and the widening spectrum of applications of the portable ultrasound, also aid to the growth rate of the portable/handheld ultrasound segment.

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4D imaging segment is expected to continue its dominance over the market share:

The facilities like, remote patient monitoring, rising adoption of home healthcare, and well-settled healthcare infrastructure, have helped the 4D Imaging segment to dominate the market share, and continue to have a stable growth rate in the coming years. The government and private insurers provide funding and investments for the growth of medical imaging services, keeping in mind the growing dependence on technology for improved services and living. This also helps in the growth of the 4D imaging segment of the United States Ultrasound Device Market.

Obstetrics/Gynaecology Applications category is predicted to grow at significant rate:

Obstetric ultrasound has become an inseparable part of the care that is provided women before or during pregnancy. It is used for the identification of all ailments that are connected with the reproductive system and the surrounding organs. The factors such as, the increzasing adoption of advanced diagnostic equipment in hospitals and gynaecology centres paired with the presence of developed healthcare infrastructure, and the rising prevalence of gynaecological issues will assist in the growth of the segment.

However, the radiology/general imaging ultrasound category has held the highest market share. This can be attributed to surge in the number of radiological centres, rise in incidence of various chronic diseases, increase in the investments for developing enhanced diagnostic imaging devices, and increasing cases of cancer in the region.

Surgical centre segment is anticipated to have high growth rate in the future:

This growth of the segment can be attributed to factors such as surging demand for minimally invasive surgical and diagnostic processes, as well as increasing adoption of the improved and new sonography systems. Furthermore, increasing prevalence of chronic illnesses, rising number of road accidents and surgeries, and high healthcare expenditure is driving revenue growth of this segment.

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Competitive Landscape:

Some key players profiled in the market report are: koninklijke Philips nv, Siemens AG, Hologic, Inc., Samsung Electronics Co. Ltd., and Canon Medical Systems Corporation.

The players in the market are focused on product development and are adopting various strategies such as mergers and acquisitions, license agreements, and partnerships, for capturing and maintaining a significant market share.

Market Summary:

Products – Report covers United States Ultrasound Device Market, by product in 3 viewpoints (Trolley/Cart-Based Ultrasound Systems, Compact/Handheld Ultrasound Systems, and Point-of-Care (POC) Ultrasound Systems).
Technology – By technology, the United States Ultrasound Device Market is divided into 5 viewpoints (2D Imaging, 3D Imaging, 4D Imaging, Doppler, and Others)
Application – United States Ultrasound Device Market report, by application breakup into 5 viewpoints (Radiology/General Imaging, Cardiology, Obstetrics/Gynaecology, Vascular, and Others).
End-User – United States Ultrasound Device Market breakup by end-user in 4 viewpoints (hospitals, surgery centres, ambulatory care, and others).
Key Players – All the major players have been covered from 4 Viewpoints (Overview, Strategy, Merger/Acquisition, and Financial Insight) koninklijke Philips nv, Siemens AG, Hologic, Inc, Samsung Electronics Co. Ltd., and Canon Medical Systems Corporation.

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