3D Ultrasound Market Size to Grow to $5.76 Billion by 2030 | Hitachi, Ltd., Hologic, BPL Medical Technologies, etc
“3D Ultrasound Market | emergence research”
Rapid technological advances in 3D imaging and the rapidly changing preference for minimally invasive procedures (MIP) are driving the revenue growth of the market
According to the latest analysis by Emergen Research, the global market size for 3D Ultrasound in 2021 was USD 3.28 billion and recorded a CAGR of 6.5% in sales during the forecast period. The rapid technological advances in 3D imaging and increasing preference for minimally invasive procedures (MIPs) are key factors behind the revenue growth of the global 3D ultrasound market.
Various pain conditions such as muscle, joint, ligament and tendon pain can be assessed and treated using ultrasound technology. Pain-relieving injections can be given even without ultrasound imaging, so these are likely not to be as efficient and accurate as ultrasound-guided injections, as they are likely to miss the desired target area without the help of imaging equipment. Advances in ultrasound technology, contributing to cheaper, smaller, and more portable devices, provide high-quality imaging, while the applications of ultrasound devices are much more widespread, spanning many areas of healthcare, including pain management. Family doctors, orthopaedists, rheumatologists and sports physicians, among others, rely on ultrasound as an indispensable diagnostic and therapeutic tool in the field of pain treatment. Additionally, the rapidly changing preference for minimally invasive procedures (MIP) and increasing use of ultrasound in pain management are driving the revenue growth of the market to a greater extent.
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Some important companies included in the market report
GE Healthcare (a division of General Electric Company), Philips Healthcare (a division of Koninklijke Philips NV), 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.
The rapid advances in technology in 3D imaging continue to contribute significantly to the revenue growth of the market. Recently, many ultrasound machines are using AI in some way, such as Philips’ Epiq system, which uses anatomical intelligence. AI can automatically segment and color-code the anatomy in the scan field. Eliminating the need to search through photos frees up enormous amounts of time to focus on the patient and the diagnosis. Similarly, manufacturers of 3D ultrasound machines are emphasizing faster frame rates, superior resolutions, and improved color Doppler. By enabling physicians to offer their patients fast and efficient therapies, these developments may reduce the number of incorrect diagnoses. This is expected to drive the revenue growth of the market on a larger scale
Some factors that are restraining the revenue growth of the 3D Ultrasound market are the cavitation generated by ultrasound in tissues and the lack of skilled professionals performing ultrasound. The FDA advises against avoiding ultrasounds unless recommended by a physician as part of paternal care because ultrasound scanning is a medical technique and should be used for medical purposes and by underqualified professionals. These challenges can be overcome over time through continued development and innovation of new 3D imaging technologies.
Some key highlights from the report
On October 7, 2021, Philips Healthcare (a division of Koninklijke Philips NV) launched the Ultrasound Workspace at the American College of Cardiology Annual Scientific Session & Expo (ACC 2022). Philips Ultrasound Workspace is a vendor-agnostic echocardiography image analysis and reporting solution with remote browser access. Physicians can now leverage integrated diagnostic workflows from the ultrasound scan room to the reading room and beyond.
Owing to the higher precision and sensitivity, the general imaging segment is expected to account for the largest revenue share during the forecast period. Because 3D ultrasound offers real-time interactive feedback to help doctors obtain high-quality images, as well as timely spatial information of the scanned area, it is essential for intraoperative ultrasound examinations and has attracted great interest in medical research.
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The segment of car-based devices accounted for the largest share of sales in 2021. Point-of-care ultrasound (POCUS) scanners that are cart-based have started to gain popularity. Designed with POCUS users in mind, these scanners combine the best of both portable and traditional devices.
The hospital segment is expected to account for the largest share of revenue during the forecast period. Government spending on upgrading healthcare facilities is increasing, and rapidly advancing technology has led to the development of compact, sophisticated 3D ultrasound machines that are rapidly being deployed in hospitals and diagnostic facilities. This is expected to drive the revenue growth of the market.
Due to increasing initiatives to introduce non-radiation imaging devices and the rising popularity of 3D imaging technology, the North American market is expected to account for the largest share of revenue during the forecast period. Additionally, the presence of large companies in this region is expected to drive the revenue growth of the market
Emergen Research has segmented the global 3D Ultrasound market based on Application, Portability, End-Use, and Region:
Application Outlook (Revenue, $Bn, 2019-2030)
Pain management applications
Portability Outlook (Revenue, $Bn, 2019-2030)
Cart Based Devices
End Use Outlook (Revenue, $Bn, 2019-2030)
Ambulatory Care Centers
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Regional Outlook (Revenue, $Bn, 2019-2030)
rest of Europe
Rest of APAC
Rest of LATAM
Middle East & Africa
Rest of Middle East and Africa
The report addresses the following key points:
The report estimates the expected market size from 2021 to 2030
The report includes a forecast of the market drivers, restraints and future opportunities for the 3D Ultrasound market
The report further analyzes 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 mapping of the competitive landscape with profiles of key competitors
In-depth analysis of business strategies and collaborations such as mergers and acquisitions of key companies
Sales forecast, country range, application insights and product insights
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