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Global 3D Ultrasound Market Size By Portability Type, By Application, By End-Use, By Geographic Scope And Forecast


Published on: 2024-08-09 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global 3D Ultrasound Market Size By Portability Type, By Application, By End-Use, By Geographic Scope And Forecast

3D Ultrasound Market Size And Forecast

3D Ultrasound Market size was valued at USD 7.14 Billion in 2024 and is projected to reach USD 9.06 Billion by 2031, growing at a CAGR of 3.33 % during the forecast period 2024-2031.

Global 3D Ultrasound Market Drivers

There are multiple elements that impact the 3D ultrasound market

  • Technological Developments The 3D ultrasound market is expanding due to developments in picture resolution, processing speed, and visualisation capabilities. These developments improve patient outcomes and increase the accuracy of diagnoses.
  • Growing Incidence of Chronic Diseases The need for 3D ultrasound for the early identification, diagnosis, and monitoring of chronic diseases, including cancer, gynaecological disorders, and cardiovascular diseases, is being driven by the rising incidence of these problems.
  • Growing Ageing Population As the world’s population ages, age-related health issues are becoming more common and call for the use of medical imaging, such as 3D ultrasound, for diagnosis and treatment planning.
  • Growing Need for Non-Invasive Diagnostic Methods Because non-invasive imaging methods like 3D ultrasound have lower risks, require less recovery time, and offer greater patient comfort than invasive treatments, they are becoming more and more popular among patients and healthcare professionals.
  • Growing Healthcare Expenditure Investing more in cutting-edge medical technologies, such as 3D ultrasound scanners, is made possible by the rising costs of healthcare in both developed and developing nations.
  • Growing Applications The market is growing as a result of the growing use of 3D ultrasound in a number of medical specialties, such as cardiology, urology, orthopaedics, cancer, and obstetrics and gynaecology.
  • Government Funding and efforts The adoption of 3D ultrasound systems is fueled by favourable reimbursement rules for medical imaging treatments, research and development funding, and supportive government efforts.
  • Emerging Markets As 3D ultrasound becomes more well known and the healthcare infrastructure in these areas develops quickly, more players in the market will have room to grow.
  • Integration with Other Imaging Modalities By giving doctors access to more precise and in-depth information, the integration of 3D ultrasound with other imaging modalities, such as MRI and CT scans, for comprehensive diagnostic imaging, further accelerates market expansion.
  • Patient Preference for 3D Imaging Due to its capacity to provide sharper, more detailed images, which can enhance patients’ comprehension of their medical issues and available treatments, patients frequently favour 3D ultrasound imaging.

Global 3D Ultrasound Market Restraints

The following are some typical market barriers that affect the 3D ultrasound market

  • High Cost Because 3D ultrasound devices can be costly to buy and operate, smaller healthcare facilities and areas with tighter budgets may not be able to use them.
  • Limited Reimbursement rules The willingness of healthcare providers to invest in 3D ultrasound equipment may be impacted by limited or nonexistent reimbursement rules in some areas.
  • Technological Restrictions Although there have been considerable advancements in 3D ultrasound technology, there may still be restrictions concerning image quality, clarity, and accuracy when compared to other imaging modalities such as CT or MRI scans.
  • Training Requirements Healthcare practitioners must have specialised training in order to effectively use 3D ultrasound. The widespread implementation of this technology may be hampered by a shortage of skilled workers.
  • Regulatory Difficulties The lengthy and intricate regulatory approval procedures for medical equipment might cause a delay in the release of new 3D ultrasound goods.
  • Patient Acceptance Some patients may find 3D ultrasound uncomfortable and would rather use more conventional 2D imaging techniques. For 3D ultrasound to be widely accepted, patient concerns must be addressed and their benefits must be explained.
  • Competition from Alternative Technologies While 3D ultrasound is still useful for some diagnostic applications, other imaging modalities including MRIs, CT scans, and even conventional 2D ultrasound are still developing and can be used in its place.
  • Data Management and Interpretation In busy healthcare environments, managing and interpreting the vast amount of data generated by 3D ultrasound scans can be difficult due to its volume.
  • Ethical Issues Using 3D ultrasound may give rise to ethical issues, especially when it comes to prenatal imaging. These issues include privacy, informed consent, and possible societal repercussions.

Global 3D Ultrasound Market Segmentation Analysis

The Global 3D Ultrasound Market is segmented on the basis of Portability Type, Application, End-Use, And Geography.

3D Ultrasound Market, By Portability Type

  • Trolley-based
  • Hand-held

Based on Portability Type, the market is segmented into Trolley-based and Hand-held. Trollry-based type of ultrasound anticipated the highest growth during the forecast period. The market is expanding as a result of the widespread use of these devices and the rising number of new launches. For instance, Hologic, Inc. introduced the SuperSonic Mach 40 ultrasound system in the United States in July 2020. The demand for the segment is also being boosted by rising healthcare costs and an increase in hospital admissions due to various heart and pulmonary disorders.

3D Ultrasound Market, By Application

  • Cardiology
  • Ophthalmology
  • Obstetrics
  • Musculoskeletal Respiratory Care
  • Others

Based on Application, the market is segmented into Cardiology, Ophthalmology, Obstetrics, Musculoskeletal Respiratory Care, and Others. Based on factors including the rising demand for intrauterine contraceptive devices in cardiology treatments and the increased use of percutaneous coronary procedures for blocked coronary arteries, the cardiology segment maintained the greatest share. The 3D Ultrasound Market is expanding due to the rising demand in cardiology for sophisticated ultrasound technologies. A sizeable portion of the market is also accounted for by the cardiac 3D ultrasound category. The preoperative planning market has expanded as a result of the development of transcatheter treatments used to treat structural cardiac illness, such as transcatheter tricuspid valve repair (TTVR), transcatheter aortic valve replacement (TAVR), and transcatheter mitral valve repair (TMVR).

3D Ultrasound Market, By End-Use

  • Hospitals
  • Maternal Centers
  • Diagnostic Centers
  • Research Institutes
  • Others

Based on End-Use, the market is segmented into Hospitals, Maternal Centers, Diagnostic Centers, Research Institutes, and Others. Over the projected period, the revenue from the hospital segment is anticipated to have the greatest proportion. In recent years, especially in high-income nations, the share of government spending on health has increased, according to a World Health Organization (WHO) report. Compact and sophisticated 3D ultrasounds are being quickly implemented in hospitals and diagnostic centers as a result of rising government investments in the modernization of healthcare facilities and rapid technological breakthroughs. This is anticipated to boost demand and promote this segment’s market revenue growth.

3D Ultrasound Market, By Geography

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

On the basis of Regional Analysis, the Global 3D Ultrasound Market is classified into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The North American region has the greatest market share and is expected to grow at the highest CAGR over the forecast period, followed by APAC and Europe. North America’s dominance is attributed to a rising number of product releases and favorable reimbursement. The subject of 3D imaging is likewise experiencing constant technical improvement in the region. Additionally, increased patient demand and rising R&D costs are both contributing to the market’s expansion.

Key Players

The major players in the 3D Ultrasound Market are

  • GE Healthcare
  • Philips Healthcare
  • Canon, Hitachi
  • Siemens
  • Fujifilm
  • Koninklijke
  • Philips N.V.
  • MINDRAY Medical International Co. Ltd
  • Favero Health

Report Scope

Report AttributesDetails
STUDY PERIOD

2021-2031

BASE YEAR

2024

FORECAST PERIOD

2024-2031

HISTORICAL PERIOD

2021-2023

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

GE Healthcare, Philips Healthcare, Canon, Hitachi, Siemens,Fujifilm, Koninklijke, Philips N.V., MINDRAY Medical International Co., Ltd, and Favero Health.

SEGMENTS COVERED

By Portability Type, By Application, By End-Use, By Geography.

CUSTOMIZATION SCOPE

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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