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Diagnostic Ultrasound Market Share

Report ID: GMI1915
Published Date: Aug 2024
Report Format: PDF

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Diagnostic Ultrasound Market Share

The diagnostic ultrasound sector is competitive, featuring a mix of major global companies and smaller to medium-sized firms vying for market share. A key aspect of market strategy involves the continual introduction of innovations such as high-resolution imaging, advanced 3D medical imaging, artificial intelligence (AI) integration, elastography, and contrast-enhanced ultrasound (CEUS). Notably, prominent industry players exert considerable influence in this dynamic landscape, often driving advancements through substantial investments in research and development. Additionally, strategic alliances, acquisitions, and mergers are crucial for fortifying market positions and expanding global footprints amid evolving regulatory landscapes.

Diagnostic Ultrasound Market Companies

Some of the eminent market participants operating in the diagnostic ultrasound industry include:

Canon Medical Systems Corporation
Esaote SpA
FujiFilm Holdings Corporation
General Electric Company (GE Healthcare)
Hologic, Inc.
Koninklijke Philips N.V. (BioTelemetry, Inc.)
Konica Minolta Inc.
Samsung Electronics Co. Ltd.
Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
Siemens Healthineers AG}

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The global diagnostic ultrasound industry was valued at over USD 7.8 billion in 2023 and is projected to grow at a CAGR of approximately 4.1% from 2024 to 2032.

The increasing prevalence of chronic diseases, advancements in ultrasound technology, growing adoption of portable ultrasound devices, and a rising preference for non-invasive diagnostic procedures are key factors driving market growth.

The market share for doppler ultrasound technology was over USD 2.7 billion during 2023, with the need for non-invasive, real-time imaging capabilities, which are essential for accurate medical diagnoses. q

Leading companies in the diagnostic ultrasound industry include GE Healthcare, Siemens Healthineers, Koninklijke Philips N.V., Canon Medical Systems Corporation, Samsung Electronics Co. Ltd., and Hitachi Ltd., among others. These companies are investing in research and development to introduce innovative ultrasound technologies and expand their product portfolios.