USD 3.9 billion
Report ID:
SQMIG35G2088 |
Region:
Global |
Published Date: December, 2024
Pages:
264
|Tables:
62
|Figures:
75
3D Ultrasound Market size was valued at USD 4.31 Billion in 2023 and is poised to grow from USD 4.76 Billion in 2024 to USD 10.61 Billion by 2032, growing at a CAGR of 10.53% during the forecast period (2025-2032).
The technological development, the rising healthcare expenses from both the government and private insurers for the growth of medical imaging services are the factors that boost the 3D and 4D ultrasound devices market in forecast period. Furthermore, the equipment into advancing countries and the rise in the expenditure on medical technology are anticipated to further propel the growth of the 3D and 4D ultrasound devices market. The market growth is driven by the rapid technological advancements made in 3D imaging, surge in diagnostic centers and healthcare centers, rapidly shifting preference for Minimally Invasive Procedure (MIP), and growing prevalence of diseases.
Rapid technological advancements made in 3D imaging are driving revenue growth of the market. High-frequency sound waves and specialized imaging software are used in 3D ultrasounds to produce images of baby’s soft tissues, organs, and other anatomical features. A 3D ultrasound has some significant advantages over a conventional 2D ultrasound, such as the capacity to visualize fetal anatomy more clearly, due to the ability to see an infinite number of planes. In addition, Doppler, a foetal ultrasound imaging and hand-held ultrasound equipment, provides real-time images of the fetus through an ultrasound which monitors and allows to hear fetus’s heartbeats. Both are prescription medical equipment used by only specialists.
Despite widespread use of 2D ultrasound imaging for interventional procedures, such as biopsy and direction of ablation techniques, 3D ultrasound is gradually becoming more common in clinical settings. By advancement in 3D imaging technology, High-quality 3D images of intricate anatomical features and pathologies have been made possible.
US 3D Ultrasound Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.9 billion
Largest Segment
General Imaging
Fastest Growth
General Imaging
Growth Rate
8.2% CAGR
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Global 3D Ultrasound Market is segmented by product, application, technology, frequency range, end use and region. Based on product, the market is segmented into handheld, compact and cart/trolley. Based on application, the market is segmented into general imaging, cardiology, obstetrics and gynaecology, urology, musculoskeletal imaging, abdominal imaging, emergency medicine and others. Based on technology, the market is segmented into volumetric ultrasound, contrast-enhanced ultrasound, high-definition 3d ultrasound and portable 3d ultrasound systems. Based on frequency range, the market is segmented into low frequency (1-5 MHz), medium frequency (6-15 MHz) and high frequency (16-30 MHz). Based on end use, the market is segmented into hospitals, diagnostic imaging centres, research and academic institutes, mobile health services and others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
3D Ultrasound Market Analysis by Application
Based on Application, it is segmented as general Imaging, Cardiovascular, Obstetrics and gynecology, Point of care. The general imagining segment dominated the market for 3D ultrasound. The growth is drives due to rising adoption of these devices and an increasing number of product launches. The cardiac 3D ultrasound segment also accounts for a considerable amount of market share. The point of care ultrasound segment is expected to grow at the fastest rate owing to the increasing usage of these devices in hospital and clinics. The demand for point-of-care ultrasound is expected to increase, with lower system costs and miniaturization of technology. Major clinical application of point of care 3D ultrasound systems is cardiac/critical care, musculoskeletal, emergency medicine, anesthesia, and pain management.
3D Ultrasound Market Analysis by End-use
Based on End- use it segment is divided into Handheld and cart/trolley. Cart/trolley-based devices dominated the market. The growth of market is contributed due to high usage of these devices and the increasing number of product launches. The handheld segment is expected to witness a CAGR of 8.2% during the forecast period. In the growth of POC 3D ultrasound imaging, improvement in ease of use has been essential factor. Many companies are focusing on the development of a handheld ultrasound system that can easily be transported anywhere.
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North America accounted for the largest market share and is expected to maintain its dominance over the forecast period. North America dominance is contributed by factors such as increasing number of product launches and favourable reimbursement. In the field of 3D imaging, the region is also witnessing continuous technological advancement. Moreover, increasing research and development expenses and a rising patient pool are also boosting the market growth. According to the Centers for Disease Control and Prevention (CDC), osteoarthritis affects over 30 million persons in the U.S. Ultrasound-guided injections play an essential role in treating osteoarthritis and are more effective than oral medicines. USFDA's Center for Devices and Radiological Health (CDRH), is working towards reducing unnecessary radiation exposure from medical imaging. It has started an initiative in response to safety concerns raised in FDA's Safety Investigation of CT Brain Perfusion Scans and rising exposure to ionizing radiation from medical imaging that was highlighted in National Council on Radiation Protection and Measurements. Furthermore, demand for 3D ultrasound is expected to increase due to its non-ionizing radiation and non-invasive procedure, which is expected to drive market revenue growth in this region.
In Asia Pacific, the market for 3D ultrasound is likely to witness the fastest growth rate during the forecast period. The growth is contributed by rising patient pool and a rising preference for minimally invasive surgeries. The use of ultrasound outside of traditional core applications; cardiology, radiology, and women’s health remained underuse in the developing market. Factors that are contributing to market growth are Increasing government initiatives to promote cheaper manufacturing of medical devices and rapid technological advancements made in the field of 3D imaging.
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3D Ultrasound Market Drivers
Demand for State-Of-The-Art Diagnosis to Bolster Market Growth
3D Ultrasound Market Restraints
High Cost to Hinder Market Growth
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The 3d Ultrasound Market competitive landscape provides details by competitor. The global 3D ultrasound market is fragmented, with a few large and medium-sized players accounting for majority of market revenue. Established companies are engaged in various research and development activities and initiatives to develop and deploy new and more efficient technologies in the 3D ultrasound market.
3D Ultrasound Market Top Player's Company Profiles
3D Ultrasound Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to the global 3D Ultrasound Market analysis, the market for 3D ultrasound was dominated by GE Healthcare. The major players in industries are heavily investing in research and development and are continuously innovating their present offerings. The miniaturization of devices with a better visualization is the main focus of the major players in the industries.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 4.31 Billion |
Market size value in 2032 | USD 10.61 Billion |
Growth Rate | 10.53% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the 3D Ultrasound Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the 3D Ultrasound Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the 3D Ultrasound Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 3D Ultrasound Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG35G2088
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