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North America Next-Generation Ultrasound Systems Market 2024-2031 by Component (Hardware, Software), Product Type (Diagnostic, Therapeutic), Technology (2D, 3D/4D, Others), Portability (Cart/Trolley-Based, Portable, Handheld and Wearables)

  • Report ID: 43035
  • Date: Aug, 2022
  • Pages: 131
  • Category: Healthcare & Pharmaceuticals


North America next-generation ultrasound systems market is projected to grow by 7.6% annually in the forecast period and reach $5,727.8 million by 2031, driven by the mounting prevalence of chronic diseases, the surging demand for high-quality and portable diagnostic tools, the rapid adoption of novel technologies like 3D/4D and AI/IoT, and snowballing healthcare expenditure and government investments to support the R&D activities.

Highlighted with 52 tables and 56 figures, this 131-page report “North America Next-Generation Ultrasound Systems Market 2022-2031 by Component (Hardware, Software), Product Type (Diagnostic, Therapeutic), Technology (2D, 3D/4D, Others), Portability (Cart/Trolley-Based, Portable, Handheld and Wearables), Application, End User, and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America next-generation ultrasound systems market and all its sub-segments through extensively detailed classifications. 

Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2021-2022 and provides forecast from 2023 till 2031 with 2023 as the base year. 

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

•    Market Structure 
•    Growth Drivers 
•    Restraints and Challenges
•    Emerging Product Trends & Market Opportunities
•    Porter’s Fiver Forces

The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America next-generation ultrasound systems market in every aspect of the classification from perspectives of Component, Product Type, Technology, Portability, Application, End User, and Country. 

Based on Component, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.
 
•    Hardware
•    Software

Based on Product Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.
 
•    Diagnostic Ultrasound Systems
•    Therapeutic Ultrasound Systems
o    High-Intensity Focused Ultrasound
o    Extracorporeal Shock Wave Lithotripsy
o    Doppler Ultrasound

By Technology, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.
 
•    2D Ultrasound Systems
•    3D/4D Ultrasound Systems
•    Other Technologies

By Portability, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.
 
•    Cart/Trolley-Based Systems
•    Portable Systems
•    Handheld Devices and Wearables

By Application, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.
 
•    General Imaging
•    Cardiovascular Imaging
•    Obstetrics and Gynecology Imaging
•    Vascular Imaging
•    Lung Imaging
•    Urology Imaging
•    Orthopedics/Musculoskeletal Imaging
•    Other Applications

By End User, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2031 included in each section.
 
•    Hospitals
•    Diagnostic Centers
•    Ambulatory Surgical Centers (ASCs)
•    Clinics
•    Other End Users

Geographically, the following national/local markets are fully investigated:

•    U.S.
•    Canada
•    Mexico 

For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2022-2031. The breakdown of national markets by Product Type, Technology and Application over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:
 
BK Medical ApS (Analogic Corporation)
Butterfly Network, Inc.
Canon, Inc.
Claruis Mobile Health Corporation
Esaote S.p.A.
Fujifilm Holdings Corporation
General Electric Company
Healcerion Co., Ltd.
Hitachi Ltd.
Hologic, Inc.
Koninklijke Philips N.V.
Samsung Electronics Co., Ltd.
Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
Shimadzu Corporation
Siemens Healthineers AG 

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)


1 Introduction    9
1.1 Industry Definition and Research Scope    9
1.1.1 Industry Definition    9
1.1.2 Research Scope    10
1.2 Research Methodology    13
1.2.1 Overview of Market Research Methodology    13
1.2.2 Market Assumption    14
1.2.3 Secondary Data    14
1.2.4 Primary Data    14
1.2.5 Data Filtration and Model Design    15
1.2.6 Market Size/Share Estimation    16
1.2.7 Research Limitations    17
1.3 Executive Summary    18
2 Market Overview and Dynamics    21
2.1 Market Size and Forecast    21
2.1.1 Impact of COVID-19 on World Economy    22
2.1.2 Impact of COVID-19 on the Market    26
2.2 Major Growth Drivers    28
2.3 Market Restraints and Challenges    34
2.4 Emerging Opportunities and Market Trends    37
2.5 Porter’s Fiver Forces Analysis    41
3 Segmentation of North America Market by Component    45
3.1 Market Overview by Component    45
3.2 Hardware    47
3.3 Software    48
4 Segmentation of North America Market by Product Type    49
4.1 Market Overview by Product Type    49
4.2 Diagnostic Ultrasound Systems    51
4.3 Therapeutic Ultrasound Systems    52
4.3.1 High-Intensity Focused Ultrasound    53
4.3.2 Extracorporeal Shock Wave Lithotripsy    54
4.3.3 Doppler Ultrasound    55
5 Segmentation of North America Market by Technology    56
5.1 Market Overview by Technology    56
5.2 2D Ultrasound Systems    58
5.3 3D/4D Ultrasound Systems    59
5.4 Other Technologies    60
6 Segmentation of North America Market by Portability    61
6.1 Market Overview by Portability    61
6.2 Cart/Trolley-Based Systems    63
6.3 Portable Systems    64
6.4 Handheld Devices and Wearables    65
7 Segmentation of North America Market by Application    66
7.1 Market Overview by Application    66
7.2 General Imaging    68
7.3 Cardiovascular Imaging    69
7.4 Obstetrics and Gynecology Imaging    70
7.5 Vascular Imaging    71
7.6 Lung Imaging    72
7.7 Urology Imaging    73
7.8 Orthopedics/Musculoskeletal Imaging    74
7.9 Other Applications    75
8 Segmentation of North America Market by End User    76
8.1 Market Overview by End User    76
8.2 Hospitals    78
8.3 Diagnostic Centers    79
8.4 Ambulatory Surgical Centers (ASCs)    80
8.5 Clinics    81
8.6 Other End Users    82
9 North America Market 2021-2031 by Country    83
9.1 Overview of North America Market    83
9.2 U.S.    86
9.3 Canada    89
9.4 Mexico    91
10 Competitive Landscape    93
10.1 Overview of Key Vendors    93
10.2 New Product Launch, Partnership, Investment, and M&A    96
10.3 Company Profiles    97
BK Medical ApS (Analogic Corporation)    97
Butterfly Network, Inc.    99
Canon, Inc.    100
Claruis Mobile Health Corporation    102
Esaote S.p.A.    103
Fujifilm Holdings Corporation    104
General Electric Company    106
Healcerion Co., Ltd.    110
Hitachi Ltd.    111
Hologic, Inc.    117
Koninklijke Philips N.V.    119
Samsung Electronics Co., Ltd.    123
Shenzhen Mindray Bio-Medical Electronics Co., Ltd.    126
Shimadzu Corporation    127
Siemens Healthineers AG    129
RELATED REPORTS    131


List of Tables

Table 1.  Snapshot of North America Next-Generation Ultrasound Systems Market in Balanced Perspective, 2022-2031    19
Table 2. World Economic Outlook, 2021-2031    23
Table 3. World Economic Outlook, 2021-2023    24
Table 4. World Health Spending by Region, $ bn, 2013-2020    33
Table 5.  Main Product Trends and Market Opportunities in North America Next-Generation Ultrasound Systems Market    37
Table 6. North America Next-Generation Ultrasound Systems Market by Component, 2021-2031, $ mn    45
Table 7. North America Next-Generation Ultrasound Systems Market by Product Type, 2021-2031, $ mn    49
Table 8. North America Next-Generation Ultrasound Systems Market: Therapeutic Ultrasound Systems by Type, 2021-2031, $ mn    52
Table 9. North America Next-Generation Ultrasound Systems Market by Technology, 2021-2031, $ mn    56
Table 10. North America Next-Generation Ultrasound Systems Market by Portability, 2021-2031, $ mn    61
Table 11. North America Next-Generation Ultrasound Systems Market by Application, 2021-2031, $ mn    66
Table 12. North America Next-Generation Ultrasound Systems Market by End User, 2021-2031, $ mn    76
Table 13. North America Next-Generation Ultrasound Systems Market by Country, 2021-2031, $ mn    84
Table 14. U.S. Next-Generation Ultrasound Systems Market by Product Type, 2021-2031, $ mn    88
Table 15. U.S. Next-Generation Ultrasound Systems Market by Technology, 2021-2031, $ mn    88
Table 16. U.S. Next-Generation Ultrasound Systems Market by Application, 2021-2031, $ mn    88
Table 17. Canada Next-Generation Ultrasound Systems Market by Product Type, 2021-2031, $ mn    90
Table 18. Canada Next-Generation Ultrasound Systems Market by Technology, 2021-2031, $ mn    90
Table 19. Canada Next-Generation Ultrasound Systems Market by Application, 2021-2031, $ mn    90
Table 20. Mexico Next-Generation Ultrasound Systems Market by Product Type, 2021-2031, $ mn    92
Table 21. Mexico Next-Generation Ultrasound Systems Market by Technology, 2021-2031, $ mn    92
Table 22. Mexico Next-Generation Ultrasound Systems Market by Application, 2021-2031, $ mn    92
Table 23. BK Medical ApS (Analogic Corporation): Company Snapshot    97
Table 24. Butterfly Network, Inc.: Company Snapshot    99
Table 25. Canon, Inc.: Company Snapshot    100
Table 26. Canon, Inc.: Revenue by Region in 2020    101
Table 27. Canon, Inc.: Revenue by Segment in 2020    101
Table 28. Claruis Mobile Health Corporation: Company Snapshot    102
Table 29. Esaote S.p.A.: Company Snapshot    103
Table 30. Fujifilm Holdings Corporation: Company Snapshot    104
Table 31. Fujifilm Holdings Corporation: Revenue by Region in 2020    105
Table 32. Fujifilm Holdings Corporation: Revenue by Segment in 2020    105
Table 33. General Electric: Company Snapshot    106
Table 34.  General Electric: Product Portfolio of Medical Devices    108
Table 35. Healcerion Co., Ltd.: Company Snapshot    110
Table 36. Hitachi Ltd.: Company Snapshot    111
Table 37. Hitachi Ltd.: Revenue Distribution by Segment in 2022    112
Table 38. Hitachi Ltd.: Revenue Distribution by Region in 2020    112
Table 39. Hologic, Inc.: Company Snapshot    117
Table 40. Hologic, Inc.: Revenue by Region in 2020    118
Table 41. Hologic, Inc.: Revenue by Segment in 2020    118
Table 42. Koninklijke Philips N.V.: Company Snapshot    119
Table 43. Koninklijke Philips N.V.: Product Portfolio of Medical Devices    120
Table 44. Samsung Electronics Co., Ltd.: Company Snapshot    123
Table 45.  Samsung Electronics Major Products by Business Division    124
Table 46. Samsung Electronics Co., Ltd.: Revenue by Region in 2020    124
Table 47. Samsung Electronics Co., Ltd.: Revenue by Segment in 2020    125
Table 48. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.: Company Snapshot    126
Table 49. Shimadzu Corporation: Company Snapshot    127
Table 50. Shimadzu Corporation: Revenue by Region in 2020    128
Table 51. Shimadzu Corporation: Revenue by Segment in 2020    128
Table 52. Siemens Healthineers: Company Snapshot    129


List of Figures

Figure 1. Research Method Flow Chart    13

Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation    16

Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2031    18

Figure 4. North America Next-Generation Ultrasound Systems Market, 2021-2031, $ mn    21

Figure 5. Impact of COVID-19 on Business    26

Figure 6. Primary Drivers and Impact Factors of North America Next-Generation Ultrasound Systems Market    28

Figure 7.  Leading Causes of Death in the World, 2019-2020, million    31

Figure 8.  Worldwide Geriatric Population (60 years and above) by Regions, 2015 & 2030, million    32

Figure 9. World Population 65 and Over, % of Total Population, 1950-2060    32

Figure 10. Primary Restraints and Impact Factors of North America Next-Generation Ultrasound Systems Market    34

Figure 11. Investment Opportunity Analysis    38

Figure 12. Porter’s Fiver Forces Analysis of North America Next-Generation Ultrasound Systems Market    41

Figure 13. Breakdown of North America Next-Generation Ultrasound Systems Market by Component, 2021-2031, % of Revenue    46

Figure 14. North America Addressable Market Cap in 2023-2031 by Component, Value ($ mn) and Share (%)    46

Figure 15. North America Next-Generation Ultrasound Systems Market by Component: Hardware, 2021-2031, $ mn    47

Figure 16. North America Next-Generation Ultrasound Systems Market by Component: Software, 2021-2031, $ mn    48

Figure 17. Breakdown of North America Next-Generation Ultrasound Systems Market by Product Type, 2021-2031, % of Sales Revenue    50

Figure 18. North America Addressable Market Cap in 2023-2031 by Product Type, Value ($ mn) and Share (%)    50

Figure 19. North America Next-Generation Ultrasound Systems Market by Product Type: Diagnostic Ultrasound Systems, 2021-2031, $ mn    51

Figure 20. North America Next-Generation Ultrasound Systems Market by Product Type: Therapeutic Ultrasound Systems, 2021-2031, $ mn    52

Figure 21. North America Next-Generation Ultrasound Systems Market by Therapeutic Ultrasound Systems: High-Intensity Focused Ultrasound, 2021-2031, $ mn    53

Figure 22. North America Next-Generation Ultrasound Systems Market by Therapeutic Ultrasound Systems: Extracorporeal Shock Wave Lithotripsy, 2021-2031, $ mn    54

Figure 23. North America Next-Generation Ultrasound Systems Market by Therapeutic Ultrasound Systems: Doppler Ultrasound, 2021-2031, $ mn    55

Figure 24. Breakdown of North America Next-Generation Ultrasound Systems Market by Technology, 2021-2031, % of Sales Revenue    57

Figure 25. North America Addressable Market Cap in 2023-2031 by Technology, Value ($ mn) and Share (%)    57

Figure 26. North America Next-Generation Ultrasound Systems Market by Technology: 2D Ultrasound Systems, 2021-2031, $ mn    58

Figure 27. North America Next-Generation Ultrasound Systems Market by Technology: 3D/4D Ultrasound Systems, 2021-2031, $ mn    59

Figure 28. North America Next-Generation Ultrasound Systems Market by Technology: Other Technologies, 2021-2031, $ mn    60

Figure 29. Breakdown of North America Next-Generation Ultrasound Systems Market by Portability, 2021-2031, % of Revenue    62

Figure 30. North America Addressable Market Cap in 2023-2031 by Portability, Value ($ mn) and Share (%)    62

Figure 31. North America Next-Generation Ultrasound Systems Market by Portability: Cart/Trolley-Based Systems, 2021-2031, $ mn    63

Figure 32. North America Next-Generation Ultrasound Systems Market by Portability: Portable Systems, 2021-2031, $ mn    64

Figure 33. North America Next-Generation Ultrasound Systems Market by Portability: Handheld Devices and Wearables, 2021-2031, $ mn    65

Figure 34. Breakdown of North America Next-Generation Ultrasound Systems Market by Application, 2021-2031, % of Revenue    67

Figure 35. North America Addressable Market Cap in 2023-2031 by Application, Value ($ mn) and Share (%)    67

Figure 36. North America Next-Generation Ultrasound Systems Market by Application: General Imaging, 2021-2031, $ mn    68

Figure 37. North America Next-Generation Ultrasound Systems Market by Application: Cardiovascular Imaging, 2021-2031, $ mn    69

Figure 38. North America Next-Generation Ultrasound Systems Market by Application: Obstetrics and Gynecology Imaging, 2021-2031, $ mn    70

Figure 39. North America Next-Generation Ultrasound Systems Market by Application: Vascular Imaging, 2021-2031, $ mn    71

Figure 40. North America Next-Generation Ultrasound Systems Market by Application: Lung Imaging, 2021-2031, $ mn    72

Figure 41. North America Next-Generation Ultrasound Systems Market by Application: Urology Imaging, 2021-2031, $ mn    73

Figure 42. North America Next-Generation Ultrasound Systems Market by Application: Orthopedics/Musculoskeletal Imaging, 2021-2031, $ mn    74

Figure 43. North America Next-Generation Ultrasound Systems Market by Application: Other Applications, 2021-2031, $ mn    75

Figure 44. Breakdown of North America Next-Generation Ultrasound Systems Market by End User, 2021-2031, % of Revenue    76

Figure 45. North America Addressable Market Cap in 2023-2031 by End User, Value ($ mn) and Share (%)    77

Figure 46. North America Next-Generation Ultrasound Systems Market by End User: Hospitals, 2021-2031, $ mn    78

Figure 47. North America Next-Generation Ultrasound Systems Market by End User: Diagnostic Centers, 2021-2031, $ mn    79

Figure 48. North America Next-Generation Ultrasound Systems Market by End User: Ambulatory Surgical Centers (ASCs), 2021-2031, $ mn    80

Figure 49. North America Next-Generation Ultrasound Systems Market by End User: Clinics, 2021-2031, $ mn    81

Figure 50. North America Next-Generation Ultrasound Systems Market by End User: Other End Users, 2021-2031, $ mn    82

Figure 51. Breakdown of North America Next-Generation Ultrasound Systems Market by Country, 2022 and 2031, % of Revenue    84

Figure 52. Contribution to North America 2023-2031 Cumulative Market by Country, Value ($ mn) and Share (%)    85

Figure 53. U.S. Next-Generation Ultrasound Systems Market, 2021-2031, $ mn    87

Figure 54. Canada Next-Generation Ultrasound Systems Market, 2021-2031, $ mn    89

Figure 55.  Next-Generation Ultrasound Systems Market in Mexico, 2021-2031, $ mn    91

Figure 56. Growth Stage of North America Next-Generation Ultrasound Systems Industry over the Forecast Period    93

Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.

In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.

This research methodology has been segmented into following types:

Primary Research:

It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.

Secondary Research:

The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.

Qualitative Research:

It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.

Quantitative Research:

It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.

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