The 3D Ultrasound Market was estimated at USD 3.89 billion in 2023 and is poised to reach USD 6.59 billion in 2031 anticipated to expand at a compound annual growth rate of approx. CAGR of 6.8% for the forecast period of 2024-2031.
The prevalence of the target condition, the growth in diagnostic facilities, and the demand for less invasive procedures are the main drivers. Furthermore, by delivering instant clinical information and lowering healthcare expenses, technical improvements in 3D imaging have aided in better diagnosis.
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All therapeutic applications—from cardiology, gynecology, and obstetrics to an emergency point of care—now utilize 3D imaging technologies. Some additional benefits of 3D imaging over other imaging modalities are its efficiency, speed, and cost-effectiveness. Technology-wise, 3D ultrasound imaging is undergoing miniaturization. Real-time imaging of the anatomical structure may be possible using 3D ultrasound imaging. There are many benefits to using real-time 3D ultrasound to direct interventional operations. These tools provide 3D real-time organ tissue visualization. Comparing 3D ultrasound to other volumetric imaging options like CT and MRI, such as 30 volumes per second, is also advantageous. As a result, it is anticipated to enhance clinical results while simultaneously lowering hospital expenses for the patient.
The demand for gynecological ultrasound in hospitals, the rising use of intrauterine contraceptive devices in cardiology, the rising adoption of percutaneous coronary interventions to open occluded coronary arteries, and the rising investment by major players to create extracorporeal shockwave lithotripsy are the factors that will drive the growth of the 3D ultrasound over the forecast period. The for 3D ultrasound is growing as a result of the increased effects of 3D ultrasound, including the real-time crisp image, fetal activity, and cardiovascular activity, which have raised demand from the medical industry.
DRIVERS
• An increasing number of illnesses.
• 3D ultrasound technology has advanced quickly, and the medical industry is expanding.
Increased internal problems, diseases in the population, and the need for ultrasound imaging to diagnose those problems, along with improved 3D ultrasound performance and the ability to image organs in real time using sound waves, are all factors that are propelling the for 3D ultrasound. increased prevalence of chronic diseases, including cancer, heart disease, lung disease, and many others. With growing oncology in daily life, rising economic conditions, and expanding organ or other real-time imaging. Increased diagnosis and prompt treatment fuel the demand for 3D ultrasound. With enhanced communication and system software integration, high-frequency sound waves are generated. Increased effects of 3D ultrasound include fetal movement, a real-time crisp picture, and cardiovascular activity. It resulted in higher demands from the medical industry with the new imaging technology produced. This contributes to the growth of 3D ultrasound.
RESTRAIN
Competition from Other Imaging Modalities.
Limited Clinical Applications.
Other imaging modalities, including computed tomography (CT), X-ray, and magnetic resonance imaging (MRI), are competitors in the 3D ultrasound business. Healthcare professionals may opt for other imaging techniques depending on the clinical rationale, patient desire, and equipment availability. These modalities each have their own benefits and capabilities. The share and expansion potential of 3D ultrasound devices may be constrained by competition from other imaging modalities.
OPPORTUNITY
Emerging underdeveloped regions with developed facilities
Government support with increased providence
The rapid acceptance of the health care technologies developed in underdeveloped regions with improved technology and facilities and increased network connectivity with software systems integrated into the medical device with enhanced demands from the customers with increasing chronic disorders among and also utilized for determining the fetal activity during the pregnancy helps to drive the of 3D ultrasound during the forecast period.
Government support with increased providence - Increased government support for developing the new technology in 3D ultrasound with increased efficiency of the 3D ultrasound and increased accuracy of 3D ultrasound with increased results and good response to the system. Increased funding for the development of the infrastructure and newly developed technologies in the 3D ultrasound which enhance the growth. The government developed new policies in the medical sector of reimbursement so that common people can opt for the treatment and take the benefit and enhance the of 3D ultrasound.
CHALLENGES
The 3D ultrasound may change as a result of 3D ultrasound's sophisticated and developed technologies and higher cost. Due to the rising expense of medical technology, small-scale healthcare cannot afford the ultrasound system. In North America, a 3D or 4D ultrasound system may cost between USD 20,000 and USD 75,000. The price range for a 3D or 4D ultrasound might range from USD 5,000 to USD 40,000. This is the main issue that might make it difficult for the ultrasound to expand throughout the projection period. Widespread advancements in 3D ultrasound technology and widespread application of the system in the medical field have been prompted by rising consumer expectations for treatments for more prevalent chronic diseases. The 3D ultrasound process calls for the execution of modern abilities, and skilled persons are needed to carry it out. During the projection period, a person's lack of competence might limit the growth of 3D ultrasound.
Economic Impact the conflict may have a negative impact on the economies of Russia, Ukraine, and surrounding nations. Healthcare expenditures and investments may be reduced as a result of economic instability, inflation, currency depreciation, and trade disruptions. Healthcare institutions may have decreased purchasing power as a result, which may limit their capacity to spend on pricey medical equipment like 3D ultrasound scanners. Regulatory Adjustments in governments frequently give security and defense measures precedence over other areas of the policy during times of war. It is possible for rules to change, especially those pertaining to healthcare and medical devices. These modifications may result in more obstacles, hold-ups, or limitations in the import or export of medical equipment, particularly 3D ultrasound systems.
IMPACT OF ONGOING RECESSION
Reduced Healthcare Spending in budgets for healthcare is frequently under stress during a recession as people and governments struggle with their finances. This may lead to less money being spent on medical devices like 3D ultrasound scanners. Healthcare institutions would delay or reduce purchases of pricey capital equipment, which might impede expansion. Delays in Purchases in healthcare providers may put off buying 3D ultrasound equipment because of the uncertain economy and limited access to money. They might decide to forgo investments in cutting-edge diagnostic technologies in favor of extending the life of current equipment or giving priority to crucial healthcare services. Due to buyers delaying purchases, this may temporarily slow down the market.
By Application
General imaging
Cardiovascular
Obstetrics and Gynecology
By End-use
Handheld
Cart/Trolley
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
With a share of 30.2% in 2023, North America held the greatest share and is anticipated to continue to rule over the projected period. The 3D ultrasound is divided into regions for North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. North America's supremacy is attributed to a rising number of product releases and favorable reimbursements. The subject of 3D imaging is likewise seeing constant technical improvement in the region. Additionally, increased patient demand and rising R&D costs are both contributing to the markets.
The for 3D ultrasound is anticipated to develop at the quickest rate in Asia-Pacific over the anticipated timeframe. Growing demand for less invasive procedures and an expanding patient base are factors in the expansion. In the emerging market, ultrasound is still underutilized outside of its usual core uses in cardiology, radiology, and women's health. There is therefore a significant expectation that the number of consumers of 3D ultrasound imaging will grow in the area.
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The major Key players are GE Healthcare, Philips Healthcare, Canon, Hitachi, Siemens, Fujifilm, Royal Philips, Alpinion Medical Systems Co. Ltd., Analogic Corp., Esaote S.P.A, General Electric, Koninklijke Philips N.V, Samsung Medison Co. Ltd., Shenzhen Mindray Bio-Medical Electronics Co. Ltd, and others.
GE Healthcare: The next-generation Voluson Expert 22, the most sophisticated ultrasound offered by GE Healthcare, was introduced in July 2022. It is the most recent addition to GE Healthcare's celebrated portfolio of beam-forming technology for women's health, which generates pictures of higher quality and provides more flexibility for imaging activities.
Royal Philips:At the annual conference of the Radiological Society of North America in November 2022, Royal Philips, a world leader in health technology, announced the global debut of the next generation of tiny portable ultrasonography. The new compact 5000 series from Royal Philips seeks to make high-end cart-based ultrasound devices' diagnostic capabilities accessible to more people.
| Report Attributes | Details |
| Market Size in 2023 | US$ 3.89 Bn |
| Market Size by 2031 | US$ 6.59 Bn |
| CAGR | CAGR of 6.8% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Application (General imaging, Cardiovascular, Obstetrics and Gynecology, Point of care) • By End-use (Handheld, Cart/Trolley) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | GE Healthcare, Philips Healthcare, Canon, Hitachi, Siemens, Fujifilm, Royal Philips, Alpinion Medical Systems Co. Ltd., Analogic Corp., Esaote S.P.A, General Electric, Koninklijke Philips N.V, Samsung Medison Co. Ltd., Shenzhen Mindray Bio-Medical Electronics Co. Ltd |
| Key Drivers | • An increasing number of illnesses. • 3D ultrasound technology has advanced quickly, and the medical industry is expanding. |
| Market Restraints | • Competition from Other Imaging Modalities. • Limited Clinical Applications. |
Ans: The CAGR Growth rate of 3D ultrasound is approx. CAGR 6.8 % over the forecast.
Ans: The projected size of 3D ultrasound by at USD 3.89 billion in 2023 and is poised to reach at 6.59 billion in 2031.
Ans: The major Key players are GE Healthcare, Philips Healthcare, Canon, Hitachi, Siemens, Fujifilm, Royal Philips, Alpinion Medical Systems Co. Ltd., Analogic Corp., Esaote S.P.A, General Electric, Koninklijke Philips N.V, Samsung Medison Co. Ltd., Shenzhen Mindray Bio-Medical Electronics Co. Ltd, and others.
Ans: With a share of 30.2% in 2023, North America dominated the 3D ultrasound market. This can be attributed to growing interest in healthcare, acceptance of cloud-based technology, and ongoing research and development projects.
Ans: Increasing Medicare reimbursement for telehealth services, declining emergency department visits and hospitalisation rates, and technical advancements in global communication technology are major growth drivers for 3D ultrasound.
TABLE OF CONTENTS
1. Introduction
1.1 Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact Of Russia-Ukraine war
4.2 Impact of Ongoing Recession
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. 3-D Ultrasound Market Segmentation, By Application
8.1 General imaging
8.2 Cardiovascular
8.3 Obstetrics and Gynecology
8.4 Point of care
9. 3-D Ultrasound Market Segmentation, By End-use
9.1 Handheld
9.2 Cart/Trolley
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 North America 3-D Ultrasound Market by Country
10.2.2North America 3-D Ultrasound Market by Application
10.2.3 North America 3-D Ultrasound Market by End-use
10.2.4 USA
10.2.4.1 USA 3-D Ultrasound Market by Application
10.2.4.2 USA 3-D Ultrasound Market by End-use
10.2.5 Canada
10.2.5.1 Canada 3-D Ultrasound Market by Application
10.2.5.2 Canada 3-D Ultrasound Market by End-use
10.2.6 Mexico
10.2.6.1 Mexico 3-D Ultrasound Market by Application
10.2.6.2 Mexico 3-D Ultrasound Market by End-use
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Eastern Europe 3-D Ultrasound Market by Country
10.3.1.2 Eastern Europe 3-D Ultrasound Market by Application
10.3.1.3 Eastern Europe 3-D Ultrasound Market by End-use
10.3.1.4 Poland
10.3.1.4.1 Poland 3-D Ultrasound Market by Application
10.3.1.4.2 Poland 3-D Ultrasound Market by End-use
10.3.1.5 Romania
10.3.1.5.1 Romania 3-D Ultrasound Market by Application
10.3.1.5.2 Romania 3-D Ultrasound Market by End-use
10.3.1.6 Hungary
10.3.1.6.1 Hungary 3-D Ultrasound Market by Application
10.3.1.6.2 Hungary 3-D Ultrasound Market by End-use
10.3.1.7 Turkey
10.3.1.7.1 Turkey 3-D Ultrasound Market by Application
10.3.1.7.2 Turkey 3-D Ultrasound Market by End-use
10.3.1.8 Rest of Eastern Europe
10.3.1.8.1 Rest of Eastern Europe 3-D Ultrasound Market by Application
10.3.1.8.2 Rest of Eastern Europe 3-D Ultrasound Market by End-use
10.3.2 Western Europe
10.3.2.1 Western Europe 3-D Ultrasound Market by Country
10.3.2.2 Western Europe 3-D Ultrasound Market by Application
10.3.2.3 Western Europe 3-D Ultrasound Market by End-use
10.3.2.4 Germany
10.3.2.4.1 Germany 3-D Ultrasound Market by Application
10.3.2.4.2 Germany 3-D Ultrasound Market by End-use
10.3.2.5 France
10.3.2.5.1 France 3-D Ultrasound Market by Application
10.3.2.5.2 France 3-D Ultrasound Market by End-use
10.3.2.6 UK
10.3.2.6.1 UK 3-D Ultrasound Market by Application
10.3.2.6.2 UK 3-D Ultrasound Market by End-use
10.3.2.7 Italy
10.3.2.7.1 Italy 3-D Ultrasound Market by Application
10.3.2.7.2 Italy 3-D Ultrasound Market by End-use
10.3.2.8 Spain
10.3.2.8.1 Spain 3-D Ultrasound Market by Application
10.3.2.8.2 Spain 3-D Ultrasound Market by End-use
10.3.2.9 Netherlands
10.3.2.9.1 Netherlands 3-D Ultrasound Market by Application
10.3.2.9.2 Netherlands 3-D Ultrasound Market by End-use
10.3.2.10 Switzerland
10.3.2.10.1 Switzerland 3-D Ultrasound Market by Application
10.3.2.10.2 Switzerland 3-D Ultrasound Market by End-use
10.3.2.11 Austria
10.3.2.11.1 Austria 3-D Ultrasound Market by Application
10.3.2.11.2 Austria 3-D Ultrasound Market by End-use
10.3.2.12 Rest of Western Europe
10.3.2.12.1 Rest of Western Europe 3-D Ultrasound Market by Application
10.3.2.12.2 Rest of Western Europe 3-D Ultrasound Market by End-use
10.4 Asia-Pacific
10.4.1 Asia Pacific 3-D Ultrasound Market by Country
10.4.2 Asia Pacific 3-D Ultrasound Market by Application
10.4.3 Asia Pacific 3-D Ultrasound Market by End-use
10.4.4 China
10.4.4.1 China 3-D Ultrasound Market by Application
10.4.4.2 China 3-D Ultrasound Market by End-use
10.4.5 India
10.4.5.1 India 3-D Ultrasound Market by Application
10.4.5.2 India 3-D Ultrasound Market by End-use
10.4.6 Japan
10.4.6.1 Japan 3-D Ultrasound Market by Application
10.4.6.2 Japan 3-D Ultrasound Market by End-use
10.4.7 South Korea
10.4.7.1 South Korea 3-D Ultrasound Market by Application
10.4.7.2 South Korea 3-D Ultrasound Market by End-use
10.4.8 Vietnam
10.4.8.1 Vietnam 3-D Ultrasound Market by Application
10.4.8.2 Vietnam 3-D Ultrasound Market by End-use
10.4.9 Singapore
10.4.9.1 Singapore 3-D Ultrasound Market by Application
10.4.9.2 Singapore 3-D Ultrasound Market by End-use
10.4.10 Australia
10.4.10.1 Australia 3-D Ultrasound Market by Application
10.4.10.2 Australia 3-D Ultrasound Market by End-use
10.4.11 Rest of Asia-Pacific
10.4.11.1 Rest of Asia-Pacific 3-D Ultrasound Market by Application
10.4.11.2 Rest of Asia-Pacific 3-D Ultrasound Market by End-use
10.5 Middle East & Africa
10.5.1 Middle East
10.5.1.1 Middle East 3-D Ultrasound Market by Country
10.5.1.2 Middle East 3-D Ultrasound Market by Application
10.5.1.3 Middle East 3-D Ultrasound Market by End-use
10.5.1.4 UAE
10.5.1.4.1 UAE 3-D Ultrasound Market by Application
10.5.1.4.2 UAE 3-D Ultrasound Market by End-use
10.5.1.5 Egypt
10.5.1.5.1 Egypt 3-D Ultrasound Market by Application
10.5.1.5.2 Egypt 3-D Ultrasound Market by End-use
10.5.1.6 Saudi Arabia
10.5.1.6.1 Saudi Arabia 3-D Ultrasound Market by Application
10.5.1.6.2 Saudi Arabia 3-D Ultrasound Market by End-use
10.5.1.7 Qatar
10.5.1.7.1 Qatar 3-D Ultrasound Market by Application
10.5.1.7.2 Qatar 3-D Ultrasound Market by End-use
10.5.1.8 Rest of Middle East
10.5.1.8.1 Rest of Middle East 3-D Ultrasound Market by Application
10.5.1.8.2 Rest of Middle East 3-D Ultrasound Market by End-use
10.5.2 Africa
10.5.2.1 Africa 3-D Ultrasound Market by Country
10.5.2.2 Africa 3-D Ultrasound Market by Application
10.5.2.3 Africa 3-D Ultrasound Market by End-use
10.5.2.4 Nigeria
10.5.2.4.1 Nigeria 3-D Ultrasound Market by Application
10.5.2.4.2 Nigeria 3-D Ultrasound Market by End-use
10.5.2.5 South Africa
10.5.2.5.1 South Africa 3-D Ultrasound Market by Application
10.5.2.5.2 South Africa 3-D Ultrasound Market by End-use
10.5.2.6 Rest of Africa
10.5.2.6.1 Rest of Africa 3-D Ultrasound Market by Application
10.5.2.6.2 Rest of Africa 3-D Ultrasound Market by End-use
10.6 Latin America
10.6.1 Latin America 3-D Ultrasound Market by Country
10.6.2 Latin America 3-D Ultrasound Market by Application
10.6.3 Latin America 3-D Ultrasound Market by End-use
10.6.4 Brazil
10.6.4.1 Brazil 3-D Ultrasound Market by Application
10.6.4.2 Brazil Africa 3-D Ultrasound Market by End-use
10.6.5 Argentina
10.6.5.1 Argentina 3-D Ultrasound Market by Application
10.6.5.2 Argentina 3-D Ultrasound Market by End-use
10.6.6 Colombia
10.6.6.1 Colombia 3-D Ultrasound Market by Application
10.6.6.2 Colombia 3-D Ultrasound Market by End-use
10.6.7 Rest of Latin America
10.6.7.1 Rest of Latin America 3-D Ultrasound Market by Application
10.6.7.2 Rest of Latin America 3-D Ultrasound Market by End-use
11 Company Profile
11.1 GE Healthcare
11.1.1 Company Overview
11.1.2 Financials
11.1.3 Product/Services/Offerings
11.1.4 SWOT Analysis
11.1.5 The SNS View
11.2 Philips Healthcare
11.2.1 Company Overview
11.2.2 Financials
11.2.3 Product/Services/Offerings
11.2.4 SWOT Analysis
11.2.5 The SNS View
11.3 Canon
11.3.1 Company Overview
11.3.2 Financials
11.3.3 Product/Services/Offerings
11.3.4 SWOT Analysis
11.3.5 The SNS View
11.4 Hitachi
11.4 Company Overview
11.4.2 Financials
11.4.3 Product/Services/Offerings
11.4.4 SWOT Analysis
11.4.5 The SNS View
11.5 Siemens
11.5.1 Company Overview
11.5.2 Financials
11.5.3 Product/Services/Offerings
11.5.4 SWOT Analysis
11.5.5 The SNS View
11.6 Fujifilm
11.6.1 Company Overview
11.6.2 Financials
11.6.3 Product/Services/Offerings
11.6.4 SWOT Analysis
11.6.5 The SNS View
11.7 Royal Philips.
11.7.1 Company Overview
11.7.2 Financials
11.7.3 Product/Services/Offerings
11.7.4 SWOT Analysis
11.7.5 The SNS View
11.8 Alpinion Medical Systems Co. Ltd
11.8.1 Company Overview
11.8.2 Financials
11.8.3 Product/Services/Offerings
11.8.4 SWOT Analysis
11.8.5 The SNS View
11.9 Analogic Corp.
11.9.1 Company Overview
11.9.2 Financials
11.9.3 Product/Services /Offerings
11.9.4 SWOT Analysis
11.9.5 The SNS View
11.10 Esaote S.P.A.
11.10.1 Company Overview
11.10.2 Financials
11.10.3 Product/Services/Offerings
11.10.4 SWOT Analysis
11.10.5 The SNS View
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Share Analysis
12.3 Recent Developments
12.3.1 Industry News
12.3.2 Company News
12.3.3 Mergers & Acquisitions
13. USE Cases and Best Practices
14. Conclusion
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