Ultrasound Devices Market in North America: Forecast by 2028

North America ultrasound devices market is expected to witness market growth at a rate of 6.03% in the forecast period of 2021 to 2028.

The North America Ultrasound Devices Market sector is undergoing rapid transformation, with significant growth and innovations expected by 2028. In-depth market research offers a thorough analysis of market size, share, and emerging trends, providing essential insights into its expansion potential. The report explores market segmentation and definitions, emphasizing key components and growth drivers. Through the use of SWOT and PESTEL analyses, it evaluates the sector’s strengths, weaknesses, opportunities, and threats, while considering political, economic, social, technological, environmental, and legal influences. Expert evaluations of competitor strategies and recent developments shed light on geographical trends and forecast the market’s future direction, creating a solid framework for strategic planning and investment decisions.

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Report Scope and Market Segmentation

Which are the driving factors of the North America Ultrasound Devices Market?

The driving factors of the North America Ultrasound Devices Market are multifaceted and crucial for its growth and development. Technological advancements play a significant role by enhancing product efficiency, reducing costs, and introducing innovative features that cater to evolving consumer demands. Rising consumer interest and demand for keyword-related products and services further fuel market expansion. Favorable economic conditions, including increased disposable incomes, enable higher consumer spending, which benefits the market. Supportive regulatory environments, with policies that provide incentives and subsidies, also encourage growth, while globalization opens new opportunities by expanding market reach and international trade.

North America Ultrasound Devices Market - Competitive and Segmentation Analysis:

**Segments**

The North America ultrasound devices market is segmented based on product type, technology, application, and end-user. By product type, the market is divided into cart/trolley-based ultrasound devices and compact/handheld ultrasound devices. The cart/trolley-based ultrasound devices segment is expected to dominate the market due to their wide usage in hospitals and diagnostic centers for high-quality imaging. However, the compact/handheld ultrasound devices segment is projected to witness significant growth during the forecast period owing to their portability and convenience in point-of-care settings.

Based on technology, the market is categorized into diagnostic ultrasound and therapeutic ultrasound. The diagnostic ultrasound segment is anticipated to hold a substantial market share due to the growing demand for non-invasive diagnostic procedures across various medical specialties. On the other hand, the therapeutic ultrasound segment is likely to exhibit rapid growth driven by advancements in ultrasound technology for targeted drug delivery and tissue ablation.

In terms of application, the market is segmented into radiology/imaging, cardiology, obstetrics/gynecology, vascular, urology, and others. The radiology/imaging segment is expected to lead the market as ultrasound imaging is widely used for diagnosing various conditions such as tumors, cysts, and organ abnormalities. The cardiology segment is projected to grow significantly due to the increasing prevalence of cardiovascular diseases and the need for accurate cardiac imaging techniques.

By end-user, the North America ultrasound devices market is segmented into hospitals, diagnostic centers, ambulatory surgical centers, and others. Hospitals are anticipated to be the largest end-user of ultrasound devices due to the high patient footfall and the availability of advanced healthcare infrastructure for conducting diagnostic procedures. Diagnostic centers are expected to witness substantial growth as they offer specialized ultrasound services and cater to the rising demand for diagnostic imaging.

**Market Players**
- General Electric Company
- Siemens Healthcare GmbH
- Koninklijke Philips N.V.
- Canon Medical Systems Corporation
- Hitachi, Ltd.
- Samsung Medison Co., Ltd.
- Hologic, Inc.
- Fujifilm Holdings Corporation
- Mindray DS USA, Inc.
- Esaote SpA

The North America ultrasound devices market is poised for significant growth driven by factors such as the increasing prevalence of chronic diseases, rising geriatric population, technological advancements in ultrasound imaging, and the growing demand for minimally invasive diagnostic procedures. The market players are focusing on strategic initiatives such as product launches, partnerships, and acquisitions to strengthen their market presence and expand their product portfolio. However, challenges such as stringent regulatory requirements, high equipment costs, and the shortage of skilled professionals may hinder market growth to some extent.

Overall, the North America ultrasound devices market is expected to witness steady growth during the forecast period, with opportunities emerging in emerging applications such as point-of-care ultrasound and 3D/4D imaging. The market players are likely to invest in research and development activities to introduce innovative ultrasound devices that offer enhanced imaging quality and improved patient outcomes.

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Key Benefits for Industry Participants and Stakeholders: –

  • Industry drivers, trends, restraints, and opportunities are covered in the study.
  • Neutral perspective on the North America Ultrasound Devices Market scenario
  • Recent industry growth and new developments
  • Competitive landscape and strategies of key companies
  • The Historical, current, and estimated North America Ultrasound Devices Market size in terms of value and size
  • In-depth, comprehensive analysis and forecasting of the North America Ultrasound Devices Market

Key Questions Answered:

1. What is the North America Ultrasound Devices Market?

2. How big is the North America Ultrasound Devices Market?

3. What is the growth rate of the North America Ultrasound Devices Market?

4. What are the key drivers of the North America Ultrasound Devices Market?

5. Which region dominates the North America Ultrasound Devices Market?

6. Who are the major players in the North America Ultrasound Devices Market?

7. What segments are included in the North America Ultrasound Devices Market?

8. What are the challenges facing the North America Ultrasound Devices Market?

9. What is the future outlook for the North America Ultrasound Devices Market?

10. How can companies benefit from the North America Ultrasound Devices Market?

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