Europe Ultrasound Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Europe Ultrasound Devices Market is Segmented by Application, Technology, Type (Stationary Ultrasound and Portable Ultrasound), End User, and Geography.

Market Snapshot

CAGR
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 3.38 %

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Market Overview

The European economy is on track to grow at a good pace over the forecast period. Coupled with several large regional tenders that are expected this year, the ultrasound market is projected to see a slight uptick in demand. Governments across Europe are focusing on the promotion and support of industrial research. Several tax incentives have been provided for the industries to establish R&D units, with highly improved imaging facilities, such as ultrasound. The long-term goal of these initiatives is to develop innovative, disruptive, safe, non-invasive ultrasound technologies that enable or enhance interventional therapies for the treatment of diseases, injuries, abnormalities, and other conditions. Additionally, increasing demand for the minimally invasive device, rise in the number of the elderly population, curtailment in the size of ultrasound devices, and increasing incidences of chronic diseases (like cancer) are some of the other factors contributing to the growth of the European ultrasound devices market. However, rising demand for refurbished medical imaging devices and, lack of skilled labor to handle the equipment are restraining the market growth.

Scope of the Report

As per the scope of the report, a diagnostic ultrasound, also known as sonography, is an imaging technique that uses high-frequency sound waves to produce images of the different structures inside the body. These devices are being utilized for the assessment of various conditions in the kidney, liver, and other abdominal conditions. They are also majorly used in chronic diseases, which include health conditions, such as heart disease, asthma, cancer, and diabetes. Therefore, these devices are being utilized as both diagnostic imaging and therapeutic modality, and have a wide range of applications in the medical field.

By Application
Anesthesiology
Cardiology
Gynecology/Obstetrics
Musculoskeletal
Vascular
Other Applications
By Technology
2D Ultrasound Imaging
3D and 4D Ultrasound Imaging
Doppler Imaging
High-intensity Focused Ultrasound
By Type
Stationary Ultrasound
Portable Ultrasound
By End User
Hospitals
Diagnostic Centers​
Other End Users​
Geography
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe

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Key Market Trends

Portable Ultrasound Segment Estimated to Dominate the Market Over the Forecast Period

Portable ultrasound has varied applications in point-of-care treatments, emergency rooms, and at home. Hospitals and other healthcare providers are switching to portable and handheld ultrasound imaging devices, due to the ease of use and precision. The applications of portable ultrasound devices are increasing, as they are now being used in emergency rooms and while administering anesthesia. With advancements in technology, the manufacturers are not only making the devices more compact and portable but are also incorporating newer technologies, such as 3D and 4D imaging. The number of such patients using portable ultrasound devices at home has increased. Pre-medicine is another area where there is scope for the growth of the portable ultrasound market. The already well-equipped ambulances can now carry a space-saving portable ultrasound device, which helps the paramedics to send images to the hospitals in advance, to accelerate the treatment offered during a medical emergency.

Ultrasound Devices Market Europe.png

Competitive Landscape

The market comprises several major market players focusing on R&D, in order to form a stable and safe formulation. The market has been noticing technological developments on a large scale for the past couple of years. For instance, in February 2018, the AI technology used for advanced gaming and driverless cars powered the new GE Healthcare ultrasound system. Some of the market players are Fujifilm Holdings Corporation GE Healthcare, Hitachi Medical Corporation, Mindray Medical International Ltd, Koninklijke Philips NV, Hologic Inc., Siemens Healthineers, and Canon Medical Systems Corporation (Toshiba).

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increased Adoption of Diagnostic Imaging

      2. 4.2.2 Growing Burden of Chronic Diseases

      3. 4.2.3 Technological Advancements

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Regulatory Reforms

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Application

      1. 5.1.1 Anesthesiology

      2. 5.1.2 Cardiology

      3. 5.1.3 Gynecology/Obstetrics

      4. 5.1.4 Musculoskeletal

      5. 5.1.5 Vascular

      6. 5.1.6 Other Applications

    2. 5.2 By Technology

      1. 5.2.1 2D Ultrasound Imaging

      2. 5.2.2 3D and 4D Ultrasound Imaging

      3. 5.2.3 Doppler Imaging

      4. 5.2.4 High-intensity Focused Ultrasound

    3. 5.3 By Type

      1. 5.3.1 Stationary Ultrasound

      2. 5.3.2 Portable Ultrasound

    4. 5.4 By End User

      1. 5.4.1 Hospitals

      2. 5.4.2 Diagnostic Centers​

      3. 5.4.3 Other End Users​

    5. 5.5 Geography

      1. 5.5.1 Europe

        1. 5.5.1.1 Germany

        2. 5.5.1.2 United Kingdom

        3. 5.5.1.3 France

        4. 5.5.1.4 Italy

        5. 5.5.1.5 Spain

        6. 5.5.1.6 Rest of Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Esaote SpA

      2. 6.1.2 Fujifilm Holdings Corporation

      3. 6.1.3 GE Healthcare

      4. 6.1.4 Hitachi Medical Corporation

      5. 6.1.5 Philips Healthcare

      6. 6.1.6 Samsung

      7. 6.1.7 Siemens Healthcare

      8. 6.1.8 Canon Medical Systems Corporation

      9. 6.1.9 Mindray Medical International Limited

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Europe Ultrasound Devices Market market is studied from 2018 - 2026.

The Europe Ultrasound Devices Market is growing at a CAGR of 3.38% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Esaote SpA, Fujifilm Holdings Corporation, Hitachi Medical Corporation, GE Healthcare, Siemens Healthcare are the major companies operating in Europe Ultrasound Devices Market.

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