Malaysia Ultrasound System Market By Technology(Diagnostic Ultrasound, Therapeutic Ultrasound), By Display Type (Colored, Black & White), By Mobility(Fixed, Mobile), By Equipment Type (New, Refurbished), By Source (Domestic, Import), By Application (Obstetrics/Gynecology, General Imaging, Cardiology, Urology), By End User (Hospitals & Clinics, Diagnostic Centers, Others), By Region, Competition, F
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: Healthcare | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationMalaysia Ultrasound System Market By Technology(Diagnostic Ultrasound, Therapeutic Ultrasound), By Display Type (Colored, Black & White), By Mobility(Fixed, Mobile), By Equipment Type (New, Refurbished), By Source (Domestic, Import), By Application (Obstetrics/Gynecology, General Imaging, Cardiology, Urology), By End User (Hospitals & Clinics, Diagnostic Centers, Others), By Region, Competition, F
Malaysia ultrasound system market is anticipated to grow significantly in the projected period of 2028, that is driven by the rising geriatric population and prevalence of chronic diseases.
The imaging technique of diagnostic ultrasound, also known as sonography or diagnostic medical sonography, uses sound waves to create images of the internal organs and other structures in the body. A variety of diseases and conditions can be diagnosed, and treatment can be planned using images. While some ultrasound exams require inserting a tiny device inside the body, most ultrasound examinations use an ultrasound device that is outside the body. Doppler and color doppler ultrasound are examples of functional ultrasound applications that measure and visualize blood flow in the body or heart vessels. Additionally, it can gauge both blood flow direction and speed.
Utilizing color-coded maps is a process, also known as color doppler imaging. To determine whether plaque buildup inside the carotid arteries is obstructing blood flow to the brain, doppler ultrasound is frequently used. Hence, rising number of chronic diseases are augmenting the growth of Malaysia ultrasound system market. Also, there is a growing awareness among patients and healthcare providers about the importance of early diagnosis and treatment of diseases. The ultrasound System plays a crucial role in early detection of diseases, enabling timely intervention and better patient outcomes.
Malaysia came in first place with a score of 95 out of 100, in the Best Healthcare in the World category of the 2019 International Living Annual Global Retirement Index
Rising Cases of Chronic Diseases is Booming the Market
According to the Malaysia Ministry of Health, in 2019, approximately 64% of deaths in Malaysia were attributed to chronic diseases, with cancer and cardiovascular diseases being the leading causes of death.
Growing Technological advancements in Ultrasound System
According to WHO,currently, it is anticipated that healthcare will account for around 7.25% of the nation's GDP. This is anticipated to rise as a result of population growth, an increase in life expectancy, and rising government spending on better healthcare infrastructure and services.
Rising Proportion of Geriatric Population
According to the Department of Statistics Malaysia, the percentage of the population aged 65 and above is projected to increase from 7.3% in 2020 to 15.3% by 2040.
Recent Development
- In April 2023, a new generation intraoperative ultrasound imaging system, called bkActiv, has been made available by GE HealthCare to guide urology, colorectal, and pelvic floor surgical procedures. The advanced ultrasound guidance system known as bkActiv, created by the BK Medical subsidiary of GE HealthCare, ensures better performance while giving surgeons a simple and straightforward experience. Advanced algorithms and automatic no-touch autogain in bkActiv's improved image quality deliver better decision-making during surgical procedures. The system's adjustable monitor allows for the best image viewing in either landscape or portrait mode, and its True-Sense touch technology and Smart Button enable one-handed operation for complete control during the surgical procedure.
- In October 2019, A new line of ultrasound systems from Canon Medical Systems corporation Systems called the Aplio a-series offers high performance for a variety of clinical applications at a reasonable price. The Aplio a-series, which includes the a550 and a450, was created with the imaging, ergonomics, and workflow capabilities of Canon Medical Systems corporation's premium ultrasound systems in mind. It covers a wide range of clinical areas, from cardiology to women's health, for routine day-to-day excellence.
- In November 2022, Royal Philips launched Compact 5000 Series. The Compact 5000 series make it easier for more patients to have their ultrasound exams done correctly the first time around because of its portability and versatility without sacrificing image quality or performance. The Philips Ultrasound Compact System 5000 Series completes Philips' broad range of diagnostic ultrasound systems for every level of care and clinical setting, from its highly portable Lumify Handheld Ultrasound, hand-held tablet InnoSight, and cost-effective ClearVue ultrasound systems to its high-end and premium Affiniti and EPIQ Elite systems. With the recent FDA 510(k) clearance and impending CE mark, Philips' expanded ultrasound family now includes the Compact 5000 Series, which also offers the EPIQ Elite and Affiniti workflow commonality and lifetime value. The Compact 5000 series offer Exceptional image quality, Streamlined workflow and Shared user interfaces and workflow with EPIQ and Affiniti systems.
Mergers & Acquisitions
- In December 2022, Siemens Healthineers AG and General Electric Co's healthcare division acquired two divisions, patient monitoring and respiratory interventions, that Medtronic Plc spined off.
Market Segmentation
Malaysia ultrasound system market is segmented into technology, display type, mobility, equipment type, source, application, end user, company, and region. Based on technology, Malaysia ultrasound system market is divided into diagnostic ultrasound and therapeutic ultrasound. Based on Display Type, Malaysia ultrasound system market is categorized into colored and black & white. Based on mobility, Malaysia ultrasound system market is categorized into fixed and mobile. Based on equipment type, Malaysia Ultrasound system market is categorized into new and refurbished. Based on source, Malaysia ultrasound system market is categorized into domestic and import. Based on application, Malaysia ultrasound system market is categorized into obstetrics/gynecology, general imaging, cardiology, and urology. Based on end user, Malaysia ultrasound system market is categorized into hospitals & clinics, diagnostic centers, and others. Based on region, the Malaysia ultrasound system market is segmented into the East and West Malaysia.
Company Profiles
Siemens Healthcare Pvt ltd., Fujifilm Holdings corporation, Philips Healthcare, GE Healthcare, SIA ARBOR MEDICAL, Canon Medical Systems corporation Systems, SHIMADZU CORPORATION, Code Medical System Sdn Bhd, Nano Medic Care Sdn. Bhd, and Active Scientific Sdn Bhd are some of the key players of Malaysia ultrasound System market.
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018 – 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, Volume in tons and CAGR for 2018-2022 and 2023-2028 |
| Report coverage | Revenue forecast, volume forecasting, Company shares, competitive landscape, growth factors, and trends |
| Segments covered | Technology Display Type Mobility Equipment Type Source Application End User |
| Country scope | The East Malaysia and The West Malaysia. |
| Key companies profiled | Siemens Healthcare Pvt ltd., Fujifilm Holdings corporation, Philips Healthcare, GE Healthcare, SIA ARBOR MEDICAL, Canon Medical Systems corporation Systems, SHIMADZU CORPORATION, Code Medical System Sdn Bhd, Nano Medic Care Sdn. Bhd, Active Scientific Sdn Bhd |
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