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United States Ultrasound Devices Market shall experience a CAGR of nearly 6.53%| Renub Research

Renub Research has recently released a report named “United States Ultrasound Device Market, SizeForecast 2023-2027, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis” providing a detailed industry analysis that incorporates market share insights. In addition, the report envelops research on competitors and regions and current advancements in the United States Ultrasound Devices Market. The United States Ultrasound Devices Market shall experience a CAGR of nearly 6.53%. Ultrasound is a non-invasive imaging technique that produces real-time images of the body’s internal structures and organs, allowing doctors to see the movement and function of these structures in real-time.

It is generally less expensive than other imaging modalities such as MRI or CT, making it more accessible to patients and often portable. It is ideal for use in emergencies or remote or rural areas. Ultrasound is safe because it does not use ionizing radiation, which can harm the body. Its ability to visualize various internal structures, including organs, blood vessels, and soft tissues, is versatile. Professionals can also use it for diagnostics and therapeutic procedures such as guided biopsies or fluid drainage.

There is an increasing prevalence of chronic diseases, such as cancer, cardiovascular diseases, and respiratory disorders, which require regular imaging and monitoring using ultrasound technology. As per the American Hospital Association, approximately 133 million individuals in the United States, which is nearly half of the population, experience at least one chronic illness like hypertension, heart disease, and arthritis, and this number has increased by 15 million over the past decade. By 2030, this figure is expected to rise to 170 million.

The rising demand for minimally invasive diagnostics processes that utilize ultrasound technology has also helped grow the United States ultrasound devices market. These procedures are favored over traditional diagnostics methods as they cause no pain than other imaging techniques, have fewer side effects, and offer shorter recovery times. Moreover, advancements in ultrasound devices, such as improved image quality, portability, and ease of use, have made them an appealing option for medical practitioners and patients. The synergy of these factors has led to the expansion of the United States ultrasound devices market.

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During the forecast period, the Portable/Handheld Ultrasound Systems segment shall exhibit substantial growth in the United States ultrasound device market

The current trend is to employ portable ultrasound devices in critical fields like cardiology, radiology, endocrinology, and gynecology, where they offer easy access to ultrasound imaging in limited spaces. These factors contribute to the significant growth of the United States ultrasound devices market. Moreover, the market growth is further accelerated by introducing novel and advanced technologies, the rising incidence of chronic illnesses, and the expanding range of applications of portable ultrasound devices.

Product Type – United States Ultrasound Device Market has been covered from 3 viewpoints

  1. Trolley/Cart-Based
  2. Compact/Handheld
  3. Point-of-Care (POC)

4D imaging segment shall maintain its dominant share in the United States ultrasound devices market

The 4D Imaging segment has achieved market dominance. It shall maintain a stable growth rate due to remote patient monitoring, increasing use of home healthcare, and a well-established healthcare infrastructure. In addition, government and private insurers are providing funding and investments for medical imaging services, recognizing the growing reliance on technology to improve healthcare services and quality of life. These factors also contribute to the growth of the 4D Imaging segment in the United States ultrasound devices market.

Technology Type – United States Ultrasound Device Market has been covered from 5 viewpoints

  1. 2D Imaging
  2. 3D Imaging
  3. 4D Imaging
  4. Doppler
  5. Others

Demand for ultrasound in pregnancy monitoring and gynecological diagnosis drives growth in the obstetrics/gynecology segment of the United States ultrasound device market

Obstetric ultrasound has become integral to women’s prenatal care, used to diagnose the reproductive system and surrounding organ ailments. The segment is expected to grow due to the increasing adoption of advanced diagnostics equipment in hospitals and gynecology centers, developed healthcare infrastructure, and the rising prevalence of gynecological issues.

The radiology/general imaging ultrasound category has maintained the highest share in the United States ultrasound devices due to several factors, including the growing number of radiological centers, a rise in the prevalence of chronic diseases, increased investments in advanced diagnostic imaging devices, and an increase in cancer incidence in the region.

Application – United States Ultrasound Device Market has been covered from 5 viewpoints

  1. Radiology/General Imaging
  2. Obstetrics/Gynecology
  3. Cardiology
  4. Vascular
  5. Others

Surgical centers is anticipated to experience a high growth rate in the future

Ultrasound use in surgical centers is growing due to various factors, including advancements in ultrasound technology that have made ultrasound-guided procedures more precise and efficient. Moreover, surgical centers find ultrasound devices appealing because of their cost-effectiveness and portability, which increases efficiency and reduce expenses. In addition, the growing demand for diagnostics and therapeutic interventions and the increasing incidence of chronic diseases also contribute to the expanding use of ultrasound in surgical centers.

End User – United States Ultrasound Device Market has been covered from 4 viewpoints

  1. Hospitals
  2. Surgical Centre
  3. Ambulatory Care Centre
  4. Other

Competitive Landscape

Key players such as Koninklijke Philips NV, Siemens AG, Hologic, Inc., Samsung Electronics Co. Ltd., and Canon Medical Systems Corporation are profiled in the United States ultrasound devices market report. These players focus on product development and implement various strategies such as mergers and acquisitions, license agreements, and partnerships to capture and maintain a significant market share.

Company Insights:

  • Overview
  • Recent Development & Strategies
  • Financial Insights

Company Covered:

  1. Koninklijke Philips NV
  2. Siemens AG
  3. Hologic, Inc.
  4. Samsung Electronics Co.Ltd
  5. Canon Medical Systems Corporation

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