3D Ultrasound Market - Forecast(2021 - 2026)

Report Code: HCR 1385 Report Format: PDF + Excel (Delivery in 48 Hrs)

3D Ultrasound Market Overview

3D Ultrasound Market size is estimated to be $3 billion in 2019, growing at a CAGR of 6.7% during the forecast period 2020-2025. Ultrasound is a medical imaging technique which uses high-frequency sound waves to provide images of internal organs and fetus. Ultrasound is also considered harmless as it does not emit radiation. 3D Ultrasound helps to convert the 2D images into a real-time volumetric dataset with a 90-degree plane view at same time and also captures high-resolution images. 3D ultrasound is widely used in cardiology, obstetrics, ophthalmology, musculoskeletal respiratory care and anesthesia. 3D ultrasound has various advantages owing to which it is gaining more importance than the 2D Ultrasound which includes fast speed examination, reduced waiting time for the patient, and provides high-quality pictures. With increasing healthcare expenditure on imaging diagnosis, the market growth for 3D Ultrasound Market has increased. 3D Ultrasound applications include 3D Echocardiography which helps to evaluate the patient’s cardiac condition, Vascular Imaging for blood cells and arteries flow, 3D scanning for fetal heart imaging among others. The 3D ultrasound market undergoing technological advancement in visualization systems which include laptop and handheld portable ultrasound scanners which are also fuelling the growth of the market for the forecast period 2020-2025. 

3D Ultrasound Market Overview Report Coverage

The report: “3D Ultrasound Market Forecast (2020-2025)”, by IndustryARC, covers an in-depth analysis of the following segments of the 3D Ultrasound Market.
By Portability Type- Hand-held Ultrasound, and Trolley based Ultrasound.
By Application- Cardiology, Obstetrics, Ophthalmology, Musculoskeletal Respiratory care and Regional Anesthesia.
By End-Use-Hospitals, Surgery Centers, Diagnostic Centers, Maternal Centers and Research Institutes.
By Geography-North America, Europe, Asia-Pacific and Rest of the World.

Key Takeaways

  • The 3D Ultrasound Market is dominated by the portable Handheld Ultrasound in 2019 owing to its small pocket structure can be carried anywhere, ready accessibility and convenience. The increased demand for in-home healthcare and remote patient monitoring in order to save hospital costs drive this segment during the forecast period 2020-2025.
  • The Hospitals account for the largest revenue share by end-user in 2019 owing to the increased diagnosis and imaging performed here.
  • In 2019, North America dominated the 3D Ultrasound Market owing to their advanced technology and increasing expenditure for diagnostic imaging devices. 

3D Ultrasound Market Overview Segment Analysis - By Portability Type 

By Portability type the 3D Ultrasound Market is segmented into Handheld Ultrasound, and Trolley Ultrasound. Handheld ultrasound offer convenience for the patients as they allow fast diagnosis and along the bedside or remotely outside hospitals resulting in this segment being the fastest growing with a CAGR of 5.8% during the forecast period 2020-2025. Handheld portable ultrasound is easily carried in hand for diagnosis and it also has various applications which include abdominal screening, bladder volume, cardiovascular and obstetrics. 

3D Ultrasound Market Overview Segment Analysis - By End-Use

The end-use segment comprise of Hospitals, Surgical Centers, Diagnostic Centers, Maternal Centers and Research Institutes. Hospitals accounts for the major share of 3D Ultrasound Market. The increasing geriatric population resulting in rise in chronic illness have driven the need for proper diagnosis and care thereby increasing 3D Ultrasound market. 

3D Ultrasound Market Overview Segment Analysis - By Geography 

In 2019, North America dominated the 3D Ultrasound Market accounting for 40% of the share owing to rising elderly population having chronic diseases and the increase of healthcare expenditure in the region.
However, Asia-Pacific is projected to be the fastest growing owing to increase in research and development of new ultrasound technology for diagnostics during the forecast period 2020-2025. 

3D Ultrasound Market Drivers

Increasing application for imaging diagnosis

Increasing patient population has increased healthcare expenditure. The rise in chronic illness cases are increasing the need for diagnosis such as 3D ultrasound. Owing to its advantages over 2D Ultrasound such as reduced time and better quality picture, this technology is fast being adopted for diagnosis. 3D ultrasound does not use radiation further contributing to the market growth as it is a safe method for applications such as fetal studies among other applications such as diagnosis for abdominal syndrome, appendicitis, tumor and renal colic. Other applications included Orthopedics and Ophthalmology.

Technological advancement in ultrasound visualization system.

Increasing demand for 3D Ultrasound coupled with technology innovation has driven growth for 3D ultrasound market. For patient convenience portable and compact ultrasounds have been developed which can perform the imaging test even on the patient’s bedside.

3D Ultrasound Market Challenges

Higher cost of new devices

The high-cost 3D Ultrasound devices results in purchase of refurbished devices as they are offered at low prices owing to which sometimes the devices get damaged easily and are not able to provide quality services for long term. The high cost of purchase of this reduces rate of adoption of these devices by healthcare facilities as they prefer to use traditional ultrasound methods. These factors restrain 3D Ultrasound Market growth.

3D Ultrasound Market Industry Outlook 

Product Launches, Merger & Acquisition, joint ventures and R&D activities are key strategies adopted by the players in 3D Ultrasound Market.3D Ultrasound Market top 10 companies are GE Healthcare, Philips Healthcare, Toshiba Medical Systems, Siemens Healthineers, Shenzen Mindray, Canon medical System, Favero Health, Samsung, Fujifilm, Hitachi medical Corporation.

3D Ultrasound Market Developments:

Oct 2020: GE Healthcare, US based leading medical and technology solution provider enterprise have announced the launch of Artificial Intelligence-based Ultrasound Voluson Swift for women health needs. The AI based portable Ultrasound is 3D and 4D enabled for better picture quality and  is designed for general gynecology physicians to administer and assist women in their reproductive health, labor and delivery. 

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1. 3D Ultrasound Market Overview
    1.1 Definitions and Scope
2. 3D Ultrasound Market - Executive Summary
    2.1 Market Revenue and Key Trends 
    2.2 Key trends by Portability Type
    2.3 Key trends by Application
    2.4 Key trends by End-Use
    2.5 Key trends by Geography
3. 3D Ultrasound Market –Comparative Analysis
   3.1 Product Benchmarking - Key companies
   3.2 Financials Analysis - Key Companies
   3.3 Market Share Analysis- Key Companies
   3.4 Patent Analysis 
   3.5 Pricing Analysis
4. 3D Ultrasound Market - Startup companies Scenario Premium Premium  
   4.1 Key Startup Company Analysis by
       4.1.1 Investment
       4.1.2 Revenue
       4.1.3 Application Analysis
       4.1.4 Venture Capital and Funding Scenario
5. 3D Ultrasound Market– Industry Market Entry Scenario Premium Premium  
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. 3D Ultrasound Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes 
7. 3D Ultrasound Market -Strategic analysis
    7.1 Value chain analysis 
    7.2 Opportunities analysis
    7.3 Market life cycle
8. 3D Ultrasound Market– By Portability Type(Market Size –$Million/$Billion)
    8.1 Hand-held Ultrasound 
    8.2 Trolley based Ultrasound
9. 3D Ultrasound Market – By Application(Market Size –$Million/$Billion)
    9.1 Cardiology
    9.2 Obstetrics
    9.3 Ophthalmology
    9.4 Musculoskeletal
    9.5 Respiratory Care
    9.6 Regional Anesthesia
10. 3D Ultrasound Market – By End-Use(Market Size –$Million/$Billion)
    10.2Surgery Centers
    10.3Diagnostic Centers
    10.4Maternal Centers
    10.5Research Institutes
11. 3D Ultrasound Market -  By Geography (Market Size -$Million/$Billion)
    11.1 North America
        11.1.1 U.S.
        11.1.2 Canada
        11.1.3 Mexico
    11.2 Europe
        11.2.1 U.K.
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 Spain
        11.2.6 Rest of Europe
    11.3 Asia-Pacific
   South Korea
   Australia & New Zealand
   Rest of APAC
    11.4 Rest of the World
        11.4.1 Middle East
        11.4.2 Africa
        11.4.3 South America
12. 3D Ultrasound Market - Entropy
13. 3D Ultrasound Market  – Industry/Segment Competition Landscape      Premium  
    13.1. Market Share Analysis 
        13.1.1 Global Market Share – Key Companies
        13.1.2 Market Share by Region – Key companies
        13.1.3 Market Share by Country- Key companies
        13.1.4 Best Practices for Companies
14. 3D Ultrasound Market – Key Company List by Country Premium  Premium
15. 3D Ultrasound Market Company Analysis
    15.1 Company Revenue, Products, M&A, Developments
    15.2 GE Healthcare
    15.3 Philips Healthcare,
    15.4 Toshiba Medical Systems,  
    15.5 Siemens Healthineers
    15.6 Shenzen Mindray
    15.7 Canon Medical System
    15.8 Favero Health
    15.9 Samsung
    15.10 Fujifilm
    15.11 Hitachi Medical Corporation
*Financials for private companies would be provided on a best efforts basis”