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

The North America Ultrasound Devices Market is segmented By Type, By Application, By Technology (2D Ultrasound Imaging, 3D and 4D Ultrasound Imaging, Doppler Imaging and High-intensity Focused Ultrasound), and Geography.

Market Snapshot

Picture1 New Nor
Study Period:

2018 - 2026

Base Year:

2020

CAGR:

5.1 %

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Market Overview

The North American ultrasound devices market is expected to register a CAGR of nearly 5.1 % during the forecast period. The propelling factors for the growth of the North American ultrasound devices market include the government and private funding for R&D in ultrasound imaging, increasing number of healthcare providers, and increasing incidences of chronic diseases. The incidences and prevalence of chronic diseases are rapidly increasing all over the region. 

According to the American Heart Association Research Report 2017, about 92.1 million American adults were found to be suffering from some form of cardiovascular disease or after-effects of stroke. Direct and indirect costs of cardiovascular diseases and stroke are estimated to be more than USD 316 billion, including both health expenditures and lost productivity. The rising technological advancements, supported by the adoption of trusted associations, are expected to boost the growth of the North American ultrasound devices market. However, stringent FDA regulations are restraining the growth of the market.

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. They are 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 modalities, and have a wide range of applications in the medical field. The North America ultrasound devices market is segmented by application, technology, type, and geography.

By Type
Stationary Ultrasound
Portable Ultrasound
By Technology
2D Ultrasound Imaging
3D and 4D Ultrasound Imaging
Doppler Imaging
High-intensity Focused Ultrasound
By Application
Anesthesiology
Cardiology
Gynecology/Obstetrics
Musculoskeletal
Radiology
Critical Care
Other Applications
Geography
North America
United States
Canada
Mexico

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Key Market Trends

Portable Ultrasound Segment is Expected to Hold a Major Market Share in the North America Ultrasound Devices Market

The portable ultrasound segment holds the major share in the North American ultrasound devices market, owing to the significant technological advancements in the development of various portable or hand-held ultrasound devices, favourable reimbursements, a wide range of applications, and added advantages with the devices, such as easiness to hold/place, convenience, and high adoption of homecare settings. 

According to the World Population Ageing 2019 report, in United States population aged above 65 years or over is expected to reach 53.340 million (16.2%) by 2030 from 70.842 million (20.3%) in 2019. In the same way, in Canada population aged above 65 years or over is expected to reach 9.317 million (22.8%) by 2030 from 6.602 million (17.6%) in 2019. As the aged population are more prone to chronic diseases and the market of ultrasound devices is expected to grow during the forecast period.​ Major players in the North American region are also focusing on growth strategies, such as product launches, mergers, partnerships, etc.

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Competitive Landscape

The North America ultrasound devices market is fragmented competitive and consists of several major players. The market comprises of major players, who are focusing on R&D to form a stable and safe formulation. The market has been noticing technological developments on a large scale for the past couple of years. Some of the market players are Fujifilm Holdings Corporation, GE Healthcare (GE Company), 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 Increasing Prevalence of Chronic Diseases

      3. 4.2.3 Rapid 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 Type

      1. 5.1.1 Stationary Ultrasound

      2. 5.1.2 Portable Ultrasound

    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 Application

      1. 5.3.1 Anesthesiology

      2. 5.3.2 Cardiology

      3. 5.3.3 Gynecology/Obstetrics

      4. 5.3.4 Musculoskeletal

      5. 5.3.5 Radiology

      6. 5.3.6 Critical Care

      7. 5.3.7 Other Applications

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Fujifilm Holdings Corporation

      2. 6.1.2 GE Healthcare

      3. 6.1.3 Hitachi Medical Corporation

      4. 6.1.4 Mindray Medical International Ltd

      5. 6.1.5 Koninklijke Philips NV

      6. 6.1.6 Hologic Inc.

      7. 6.1.7 Siemens Healthineers

      8. 6.1.8 Canon Medical Systems Corporation

    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 North America Ultrasound Devices Market market is studied from 2018 - 2026.

The North America Ultrasound Devices Market is growing at a CAGR of 5.1% over the next 5 years.

  • Fujifilm Holdings Corporation
  • GE Healthcare
  • Hitachi Medical Corporation
  • Mindray Medical International Ltd
  • Koninklijke Philips NV

Are the major companies operating in North America Ultrasound Devices Market.

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