Global 3D ultrasound market was worth USD 2.9 billion in 2019. It is projected to grow at 6.6% compound annual growth rate (CAGR), between 2020 and 2027. The market's key drivers are the increasing prevalence of target diseases, the growing number of diagnostic centers and a preference for minimally invasive procedures. 3D imaging technology has also made it possible to improve diagnosis and provide immediate clinical information. This has helped to reduce healthcare costs. 3D imaging technology has been used in all areas of clinical care, from cardiology to gynecology and obstetrics to emergency care. 3D imaging offers many advantages over other imaging methods, including its cost-effectiveness and speed. 3D ultrasound imaging technology is evolving with miniaturization.
Real-time 3D ultrasound imaging can provide real-time images of the anatomical structures. The real-time 3D ultrasound is more useful for guiding surgical procedures. These devices are able to visualize 3D tissue organs. 3D ultrasound is also more accurate than volumetric imaging options like CT and MRI, which can acquire 30 volumes per second. It is expected to improve patient outcomes and reduce hospital costs.
Growth is also being boosted by the increasing number of product launches, FDA approvals for 3D technologies and other factors such as FDA approval. Philips Healthcare (Amsterdam) received FDA approval in May 2020 to market its ultrasound solution for COVID-19-related cardiac and lung complications. The market for 3D ultrasound is expected to grow due to artificial intelligence-guided 3D imaging. Caption Health, for example, was approved by the FDA in February 2020 for an ultrasound software that assists clinicians in capturing images of the heart.
The market was dominated by cart/trolley-based products, which accounted for an 80.0% revenue share in 2019. Market growth is due to increasing product launches and high use of these devices. Hologic, Inc., for example, launched SuperSonic Mach 40, an ultrasound system that uses a cart. The segment is also in demand due to rising healthcare costs and increasing hospital admissions for various cardiac and pulmonary conditions.
The forecast period will see a 8.2% CAGR in handheld segments. The growth of POC 3D ultrasound imaging has been influenced by improvements in user-friendliness. Many companies are working to develop a portable ultrasound system that can be carried anywhere. Philip Healthcare, for example, opened a new segment of point-of-care in November 2015. Lumify was a mobile-based ultrasound device.
In 2019, the general imaging segment was the dominant market for 3D ultrasound. It accounted for 29.4% of the overall revenue. The growth is being driven by increasing adoption and product launches. In February 2018, GE Healthcare introduced LOGIQ E10 an AI-based radiology ultrasonic system that produces high-quality images of various body parts. This includes the heart, testes and thyroid, liver, breast and abdomen. A significant market share is also held by the cardiac 3D ultrasound segment. Preoperative planning has seen a significant increase in demand due to the evolution of transcatheter procedures like Transcatheter Aortic Valve Replacements (TAVR), Tricuspid Valve Repairs (TTVR), and Transcatheter Mitral Valve Repairs (TMVR) which are used to treat structured cardiac disease.
Due to increased use of ultrasound devices in hospitals and clinics, the point-of-care segment is expected to grow the fastest. Point of care ultrasound will be more in demand due to the lower cost of systems and the miniaturization technology. The major clinical applications of point-of-care 3D ultrasound systems are cardiac/critical care and musculoskeletal. They also provide emergency medicine (urgent or hospital-based), pain management, anesthesia, and musculoskeletal care. Because of its ability to see soft tissue in joints, ligaments and tendons, the segment has seen significant growth in musculoskeletal application.
North America held the largest market share, 27.3%, in 2019. It is expected to continue its dominance during the forecast period. The market for 3D ultrasound in North America is divided into North America and Latin America. North America's dominance is due to its increasing product launches and favorable reimbursement. 3D imaging technology is also advancing rapidly in this region. The market is also being boosted by rising research and development costs and a growing patient pool.
The market for 3D Ultrasound in Asia Pacific is expected to grow at the fastest rate over the forecast period. The growth is due to a growing patient base and increasing preference for minimally invasive surgery. In the developing market, ultrasound is still underutilized for other core applications such as cardiology radiology and women's healthcare. It is expected that 3D ultrasound imaging will be more popular in this region.
GE Healthcare dominated the market for 3D ultrasound in 2019, with an estimated 35.0% market share. Industries are investing heavily in research and development, and they are constantly innovating. In July 2020, Hitachi, Ltd. and Hoya Corp announced a five year contract for an endoscopic ultrasound system. This was to increase its technical collaboration. Industry leaders are focused on miniaturization and better visualization. Multiplanar displays, which aid in rendering better views, are another focus of companies. Companies are also looking at the application of artificial intelligence technology to 3D ultrasound. The market leader in 3D ultrasound is:
GE Healthcare
Philips Healthcare
Canon
Hitachi
Siemens
Fujifilm
Up Market Research published a new report titled “3D Ultrasound Market research report which is segmented by End Use (Handheld, Cart/Trolley), by Application (POC, General Imaging, Cardiovascular), By Players/Companies Canon, Philips Healthcare, Fujifilm, Hitachi, GE Healthcare, Siemens”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | 3D Ultrasound Market Research Report |
By End Use | Handheld, Cart/Trolley |
By Application | POC, General Imaging, Cardiovascular |
By Companies | Canon, Philips Healthcare, Fujifilm, Hitachi, GE Healthcare, Siemens |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 217 |
Number of Tables & Figures | 152 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by End Use (Handheld, Cart/Trolley), by Application (POC, General Imaging, Cardiovascular).
3D Ultrasound Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the 3D Ultrasound Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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