Teleultrasound System Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market is segmented By Type (Traditional Teleultrasound, Real-time Teleultrasound), End User and Geography

Market Snapshot

teleultrasound market
Study Period: 2018 - 2026
Base Year: 2021
Fastest Growing Market: North America
Largest Market: North America
CAGR: 6 %

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Market Overview

The Teleultrasound System Market is expected to register a CAGR of 6% during the forecast period. This is attributing to increasing prevalence of target diseases, introduction of technologically advanced diagnostics and growing base of geriatric population. Teleultrasound system is useful in diagnosing the targeted patient pool by reducing the number of hospitalizations thus results in reducing the healthcare cost.  Moreover, rising patient preference for minimally invasive procedures with technological advancements and increasing number of diagnostic laboratories and hospitals across the world is also boosting the teleultrasound system market. Furthermore, the high demand of teleultrasound systems in emergency medicines (golden one-hour trauma), to address the target patient will also result in boosting the market to a certain extent. However, Stringent government regulation may hamper the market.

Scope of the Report

Teleultrasound system helps in improving patient care by collaborating with doctors and primary care physicians. As per World Health Organization (WHO) telemedicine is the delivery of health care services wherein the distance is a critical factor. Teleultrasound is a specific type of telemedicine that uses the technological advances for the remote interpretation of ultrasound image. Teleultrasound System Market is segmented By Type, By End User and Geography.

By Type
Traditional teleultrasound
Real-Time Teleultrasound
By End User
Hospitals
Clinics
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Real-Time Teleultrasound​ Segment in Teleultrasound System is Expected to Witness a healthy Growth in Future.

Real-time Teleultrasound system is expected to witness healthy growth in future owing to its feasibility as this system provides ultrasonographic examination to be  remotely in a synchronous (real-time). Several product launches by the key players are also boosting the teleultrasound system market. For Instance, in 2018 Philips launched Lumify, a handheld and portable teleultrasound system  helps in monitoring and diagnosing the targeted patients and thus result in promoting the overall market.

key trends tele ultra.png

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is expected to hold a significant market share in the global Teleultrasound System Market due to increasing aging population, increasing adoption of advanced medical technology, increasing healthcare expenditure and the presence of well-established healthcare infrastructure. With a growing geriatric population in the United States results in more diagnosing and regular checkups wherein these systems are used for assessing cardiac, pulmonary and abdominal disorders and further drives the market in this region.

geo teleultrasound.png

Competitive Landscape

The Teleultrasound System Market is fragmented in terms of competition and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Koninklijke Philips N.V, Remote Medical Technologies, LLC, Robo Medical, AdEchoTech, T-MedRobotics, Zycorlabs

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 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 Introduction of Technologically Advanced Diagnostics

      2. 4.2.2 Increasing Prevalence of Target Diseases

      3. 4.2.3 Growing Base of Geriatric Population

    3. 4.3 Market Restraints

      1. 4.3.1 Lack of Skilled Professionals

      2. 4.3.2 Stringent Government Regulation

    4. 4.4 Porter's Five Force 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 Traditional teleultrasound

      2. 5.1.2 Real-Time Teleultrasound

    2. 5.2 By End User

      1. 5.2.1 Hospitals

      2. 5.2.2 Clinics

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Koninklijke Philips N.V

      2. 6.1.2 Remote Medical Technologies, LLC

      3. 6.1.3 Robo Medical

      4. 6.1.4 AdEchoTech

      5. 6.1.5 T-MedRobotics

      6. 6.1.6 Analogic Corporation

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

[2/ **Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The undefined market is studied from 2018 - 2026.

The undefined is growing at a CAGR of 6% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Koninklijke Philips N.V, Remote Medical Technologies, LLC, Robo Medical, AdEchoTech, T-MedRobotics are the major companies operating in undefined.

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