The global Next Generation Ultrasound System Market size reached USD 3.66 Billion in 2020 and is expected to register a revenue CAGR of 7.4% during the forecast period, according to latest analysis by Emergen Research. Increasing usage of handheld scanners is expected to support market revenue growth between 2021 and 2028. Moreover, rising technological advancement for high performance and portable systems is expected to boost market growth.

Currently, demand for affordable handheld scanners and monitoring system for ultrasound purpose has increased at a rapid pace. Moreover, manufacturers of ultrasound devices are adopting Internet of Things (IoT) technology to improve ultrasound screening models.

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Top players profiled in the report include

Samsung Electronics Co. Ltd., General Electric Company, Canon Medical Systems Corporation, Hitachi Ltd., Siemens Healthineers AG, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., CHISON Medical Technologies Co. Ltd., Butterfly Network Inc., Medgyn Products Inc., and Claruis Mobile Health Corporation.

Increasing use of 5D ultrasound systems with portable scanning technologies for ultrasound screening is expected to boost market growth. Growing usage of technologically advanced devices such as wireless transducer, mobile app-based ultrasound system, and handheld ultrasound scanner in healthcare industry globally are leading to increase in adoption of next generation ultrasound systems.

However, concerns regarding system malfunctions owing to technological faults and incorrect data interpretation are expected to hamper market revenue growth during the forecast period.

Some Key Highlights from the Report

Diagnostic ultrasound segment is expected to register a considerably fast revenue growth during the forecast period owing to increasing demand for diagnostic ultrasound systems among hospitals. Increasing usage of diagnostic ultrasound systems for detection of internal infection with full accuracy is a key factor expected to increase demand for diagnostic ultrasound systems in near future.

Ambulance surgical centers segment is expected to expand at a substantially rapid revenue CAGR during the forecast period owing to increasing adoption of next generation ultrasound systems in ambulance surgical centers. Increasing need for providing quick diagnosis has increased adoption of next generation ultrasound systems in ambulance surgical centers.

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North America is expected to register a substantial revenue growth rate in the next generation ultrasound system market over the forecast period. Rapid economic growth led to increase in government investment to improve healthcare facilities to adopt advanced medical systems. This is a key factor driving revenue growth of the market. Increasing population and urbanization are other factors expected to increase demand for next generation ultrasound systems among healthcare providers in countries in the region.

In May 2021, Shenzhen Mindray Bio-Medical Electronics Co. Ltd. announced acquisition of Hytest Ltd. Through the acquisition of Hytest Ltd. Shenzhen Mindray Bio-Medical Electronics Co. Ltd. is focusing on strengthen research and development capabilities. Additionally, Shenzhen Mindray Bio-Medical Electronics Co. Ltd. will use resources of HyTest Ltd. to boost product development and technological advancements.

Emergen Research has segmented global next generation ultrasound system market on the basis of probability, product type, application, technology, end-use, and region:

Portability Outlook (Revenue, USD Billion; 2018–2028)

• Portable Systems
• Trolley Based Systems
• Hand Held and Wearable Devices

Product Type Outlook (Revenue, USD Billion; 2018–2028)

• Therapeutic Ultrasound
• Diagnostic Ultrasound

Application Outlook (Revenue, USD Billion; 2018–2028)

• General Imaging
• Vascular Imaging
• Cardiology Imaging
• Other Imaging

Technology Outlook (Revenue, USD Billion; 2018–2028)

• 2D Ultrasound System
• 3D/4D Ultrasound System
• Others

End-Use Outlook (Revenue, USD Billion; 2018–2028)

• Hospitals
• Ambulance Surgical Centers
• Diagnostic Centers
• Others

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Regional Segmentation;

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Points of Next Generation Ultrasound System Market:

• Extensive coverage of the analysis of the Next Generation Ultrasound System market
• Key insights into the regional spread of the industry in key geographies
• Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
• Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Next Generation Ultrasound System market
• Complete data about the key manufacturers and vendors in the Next Generation Ultrasound System market

Market Drivers:

The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in RD activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.

The report also talks about the shift in demands and emerging trends that are expected to drive the growth of the market. The rising demand for the Next Generation Ultrasound System products is expected to drive the demand for Next Generation Ultrasound System, thereby bolstering the growth of the industry. Moreover, the report also studies the impact of the COVID-19 pandemic on the market.

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy.

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