The global 3D Ultrasound Market size was USD 3.28 Billion in 2021 and register a revenue CAGR of 6.5% over the forecast period, according to the latest analysis by Emergen Research. Rapid technological advancements made in 3D imaging and increasing shifting preference for Minimally Invasive Procedures (MIPs) are key factors driving global 3D ultrasound market revenue growth.
Various pain conditions, such as muscle, joint, ligament, and tendon pain, can be assessed and treated with ultrasound technology. Pain relief injections can even be given without ultrasound imaging, hence these are unlikely to be as efficient and accurate as ultrasound-guided ones, because they are likely to miss the desired target area without aid of imaging equipment. Advancements in ultrasound technology contributing towards cheaper, smaller, and more portable devices provide high-quality imaging, while applications of ultrasound machines have become much more widespread and extended to many healthcare fields including pain management. Primary care physicians, orthopedists, rheumatologists, and sports medicine doctors, among others, now rely on ultrasound as a vital diagnostic and therapeutic tool in the field of pain management. Additionally, rapidly shifting preference for Minimally Invasive Procedures (MIP) and increasing usage of ultrasound in pain management are driving market revenue growth to a greater extent.
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Some major companies in the market report include
GE Healthcare (a division of General Electric Company), Philips Healthcare (a division of Koninklijke Philips N.V.), Canon Medical Systems Corporation, Hitachi, Ltd., Siemens Healthcare GmbH, Chison Medical Technologies Co., Ltd., Samsung Medison Co., Ltd., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Hologic, Inc., and BPL Medical Technologies.
Rapid technological advancements made in 3D imaging is further contributing to market revenue growth substantially. In recent times, numerous ultrasound equipment use AI in a certain capacity, for instance, Philips’ Epiq system uses anatomical intelligence. AI can automatically segment and color-code anatomy in the scanning field. By eliminating need to search through photos, a tremendous amount of time is freed up to concentrate on patient and diagnosis. Similarly, manufacturers of 3D ultrasound devices are emphasizing faster frame rates, superior resolutions, and enhanced color, Doppler. By enabling medical practitioners to offer prompt and efficient therapies to their patients, these developments can decrease number of incorrect diagnoses. This is expected to propel market revenue growth to a greater extent
Some factors restraining 3D Ultrasound market revenue growth include cavitation produced by ultrasound in tissues and lack of qualified professionals performing ultrasound. FDA advises avoiding ultrasound unless recommended by a doctor as a part of paternal care, as ultrasonography is a medical technology and should be used for medical purposes and under-qualified professionals. These challenges can be overcome with time through continuous development and innovation of new 3D imaging technology.
Some Key Highlights from the Report
On 07 October 2021, Philips Healthcare (a division of Koninklijke Philips N.V.) launched Ultrasound Workspace at the American College of Cardiology’s Annual Scientific Session & Expo (ACC 2022). Philips Ultrasound Workspace is a vendor-neutral echocardiography image analysis and reporting solution with remote browser access. Clinicians may now take advantage of integrated diagnostic workflows from ultrasound exam room to reporting room and beyond,
The general imaging segment is expected to account for revenue largest share over the forecast period due to higher precision and sensitivity. Since real-time 3D ultrasound offers interactive feedback to assist doctors in obtaining high-quality images, as well as timely spatial information of scanned area, it is essential for intraoperative ultrasound examinations and has drawn a lot of interest in medical research.
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The cart-based devices segment accounted for largest revenue share in 2021. Point-of-Care Ultrasound (POCUS) scanners that are cart-based have started to gain popularity. These scanners were developed with POCUS user in mind, fusing best attributes of portable and conventional devices.
The hospitals segment is expected to account for largest revenue share over the forecast period. Government spending on modernization of healthcare facility is rising and rapidly developing technology have led to the creation of compact, sophisticated 3D ultrasound devices, which are being quickly adopted in hospitals and diagnostic institutions. This is expected to drive revenue growth of the market.
The North America market is expected to account for largest revenue share over the forecast period due to rising initiatives to adopt radiation-free devices for imaging and increasing popularity of 3D imaging technology. In addition, presence of major companies in this region is expected to drive market revenue growth
Emergen Research has segmented the global 3D ultrasound market based on application, portability, end use, and region:
Application Outlook (Revenue, USD Billion, 2019–2030)
General Imaging
Cardiovascular
Pain Management Applications
POC
Portability Outlook (Revenue, USD Billion, 2019–2030)
Cart-Based Devices
Table-Top Devices
End Use Outlook (Revenue, USD Billion, 2019–2030)
Hospitals
Maternity Centers
Ambulatory Care Centers
Others
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Regional Outlook (Revenue, USD Billion, 2019–2030)
North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
Israel
Rest of Middle East & Africa
The report addresses the following key points:
The report estimates the expected market size from 2021-2030
The report provides a forecast of market drivers, restraints, and future opportunities for the 3D Ultrasound market
The report further analyses the changing market dynamics
Regional analysis and segmentation of the market with analysis of the regions and segments expected to dominate the market growth
Extensive competitive landscape mapping with profiles of the key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions adopted by the key companies
Revenue forecast, country scope, application insights, and product insights
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About Emergen Research
At Emergen Research, we believe in advancing with technology. We are a growing Marketresearch and strategy consulting company with an exhaustive knowledge base of cutting-edge and potentially market-disrupting technologies that are predicted to become more prevalent in the coming decade.
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