APAC Ultrasound Devices Market

APAC Ultrasound Devices Market Size (2022 to 2027)

The Ultrasound devices market size in the Asia Pacific was estimated at USD 1.66 Billion in 2022. It is projected to reach USD 2.43 Billion by 2027, at a CAGR of 7.92% during the forecast period from 2022 to 2027.

Ultrasonic devices are used to detect objects and measure distances. Ultrasound imaging or sonography is often used in medicine. In the nondestructive testing of products and structures, ultrasound is used to identify invisible flaws. Ultrasound devices make images of internal parts of the body and help to examine underlying problems. The body structures are reflected through the output of high-frequency sound waves. There are different types of ultrasound devices, depending upon the site and route of examination.

During the forecast period, the Asia Pacific region is expected to dominate the global market owing to its development and technological advances. The easy accessibility, portability, manageability of ultrasound devices and the rise in prevalence of underlying diseases that are not easily detectable, and the increasing geriatric population are further expected to promote the market growth.

Government and private funding for R&D in ultrasound imaging, aging population, increasing number of healthcare providers, curtailment in the size of ultrasound devices, and higher incidences of chronic diseases are some of the major factors propelling the growth of the market. However, there's massive competition for the brands manufactured from the Asia Pacific region. Also, ultrasound images cannot be as accurate as MRI and CT scans. For example, it cannot particularly disclose detailed information about the tumors, whether mortal or any other type.

However, lack of skilled labor to handle the equipment and stringent FDA regulations turns out to be a restraint for the ultrasound devices market in the Asia-Pacific region.

This research report on the Asia Pacific Ultrasound Devices Market has been segmented and sub-segmented into the following categories:

By Technology

• Diagnostic Ultrasound
• 2D Ultrasound
• 3D & 4D Ultrasound
• Doppler Ultrasound
• Therapeutic Ultrasound
• High-intensity Focused Ultrasound
• Extracorporeal Shockwave Lithotripsy

By Device Display

• Colour Ultrasound Devices
• Black and White Ultrasound Devices

By Portability

• Trolley/Cart-based Ultrasound Devices
• Compact/Handheld Ultrasound Devices

By Application

• Radiology/General Imaging
• Cardiology
• Obstetrics/Gynecology
• Vascular
• Urology
• Other Applications
• Breast Imaging
• Hepatology
• Anesthesiology
• Emergency Care

By Country:

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of APAC

Regionally, an increasing number of age-related illnesses, growing public awareness about therapeutic benefits offered by ultrasound, and rising focus of international device manufacturers on strengthening their distribution networks in APAC, are the factors that are noticed in this region, which is attracting the companies to enter into this market. China amongst the Asia Pacific market dominates the market with its highly developed healthcare and facilities, infrastructure, hospitals, clinics, and healthcare professionals. Along with China and Japan also secures its top shareholder position due to its exports and manufacturing processes and distribution networks.

KEY MARKET PLAYERS:

A few of the promising companies operating in the APAC ultrasound devices market profiled in this report are General Electric Company (U.S.), Koninklijke Philips N.V., Toshiba Corporation, Siemens AG, Hitachi Ltd., Samsung Electronics Co., Ltd., FUJIFILM Holdings Corporation, Esaote S.p.A., Mindray Medical International Ltd and Analogic Corporation (U.S.).