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Europe Ultrasound Devices Market Research Report - Segmented By Technology, Device Display, Portability, Application & Country (UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic and Rest of Europe) - Industry Analysis, Size, Share, Growth, Trends, Forecast (2022 to 2027)

Published: January, 2022
ID: 527
Pages: 137

Europe Ultrasound Devices Market Size (2022 to 2027)

The size of the ultrasound devices market in Europe was estimated at USD 2.21 Billion in 2022. It is projected to reach USD 2.74 Billion by 2027, at a CAGR of 4.4% during the forecast period.

KEY DRIVING FACTORS:

Europe Ultrasound Devices Market is focused on promoting and supporting industrial research. Several tax incentives have been provided to establish the industry's research and development department, and imaging equipment such as ultrasound has been significantly improved, which is expected to drive the market growth. The long-term goal of these programs is to develop innovative, disruptive, safe, non-invasive ultrasound technology to enhance interventional therapies for treating disorders, injuries, abnormalities, and other conditions. Also, the increasing demand for minimally invasive equipment, the rising number of older adults, the shrinking size of ultrasound equipment, and the growing incidence of chronic diseases (such as cancer) are other factors acting as the European growth drivers of the European ultrasound devices market.

Ultrasound Devices are an essential method for diagnosing ailments like CVD and cancer. The increasing prevalence of chronic diseases in the European Union is expected to continue to drive demand and create an opportunity for these devices in the market. In recent years, technological advances in computing applications, electronic devices, and transducers have revolutionized ultrasound equipment and its popularity. These advances have led to the miniaturization of ultrasound equipment. Manufacturers of the EU medical ultrasound device market adopt wireless technologies such as near field communication and Bluetooth to improve device performance in critical and emergency medical applications.

Also, healthcare providers and patients are increasingly recognizing the benefits of portable ultrasound devices in a live care environment. Handheld instant care devices are smaller and more accessible to charge than traditional cart devices. As a result, these devices' benefits have increased, their adoption in the European Union has increased, and the region's medical ultrasound equipment market has grown even faster.

RESTRAINING FACTORS:

However, the lack of skilled workers to handle the equipment is limiting the market growth in this area. The key challenges for the European ultrasound devices market are the growing demand for refurbished medical imaging equipment and the high installation cost.

This research report on the European 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
  • Black and White

By Portability: 

  • Trolley/Cart-based
  • Compact/Handheld

By Application: 

  • Radiology/General Imaging
  • Cardiology
  • Obstetrics/Gynaecology
  • Vascular
  • Urology
  • Other Applications

By Country: 

  • UK
  • France
  • Spain
  • Germany
  • Italy
  • Russia
  • Sweden
  • Denmark
  • Switzerland
  • Netherlands
  • Turkey
  • Czech Republic
  • Rest of Europe

Regionally, The European ultrasound devices market was the second leading region in the global market in 2019. Increasing market penetration of therapeutic ultrasound and the growing emphasis on minimally invasive procedures (including diagnostic and therapeutic ultrasound) is attracting the companies in this region. They can contribute a maximum share to the market.

The German ultrasound devices market dominated the European market in 2020 due to the increased number of ultrasound diagnostic imaging procedures. Ultrasound increased 5 percent annually. Moreover, technological advancement key players are making the devices more compact and portable and incorporating innovative technologies, like 3D and 4D imaging. In 2018, the Samsung RS85 ultrasound system got FDA clearance. It was designed for various multi-step actions that are now coupled into a single step to minimize keystrokes and repetitive user communication. Adding to increasing incidences of chronic diseases (like cancer, cardiovascular) contributes to the German ultrasound devices market's growth. 

The UK ultrasound device market is estimated to display a significant growth rate during the forecast period. Rising demand for the minimally invasive device, an increase in the number of the geriatric population, reduction in the size of ultrasound devices are majorly pushing the market growth in the United Kingdom.

KEY MARKET PLAYERS:

A few of the noteworthy companies operating in the European 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.).

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 New Developments               

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                    

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 By Technology                           

                                5.1.1 Diagnostic ultrasound         

                                                5.1.1.1 2D ultrasound

                                                5.1.1.2 3D & 4D ultrasound

                                                5.1.1.3 Doppler ultrasound

                                5.1.2 Therapeutic ultrasound     

                                                5.1.2.1 High-intensity focused ultrasound

                                                5.1.2.2 Extracorporeal Shockwave Lithotripsy

                5.2 By Device display                     

                                5.2.1 Color Ultrasound Devices

                                5.2.2 Black and White Ultrasound Devices            

                5.3 By Portability                             

                                5.3.1 Trolley/Cart-based Ultrasound Devices      

                                5.3.2 Compact/Handheld Ultrasound Devices    

                5.4 By Application                           

                                5.4.1 Radiology/General Imaging             

                                5.4.2 Cardiology               

                                5.4.3 Obstetrics/Gynecology      

                                5.4.4 Vascular   

                                5.4.5 Urology    

                                5.4.6 Other Applications               

6. Geographical Analysis                                              

                                6.1 Introduction               

                                6.2 U.K 

                                6.3 Spain             

                                6.4 Germany     

                                6.5 Italy               

                                6.6 France          

7. Strategic Analysis                                       

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8. Market Leaders' Analysis                                        

                8.1 General Electric Company                    

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Strategic Evaluation and Operations            

                                8.1.4 Financial analysis  

                                8.1.5 Legal issues             

                                8.1.6 Recent Developments       

                                8.1.7 SWOT analysis       

                                8.1.8 Analyst View          

                8.2 Koninklijke Philips N.V.                          

                8.3 Toshiba Corporation                               

                8.4 Siemens AG                               

                8.5 Hitachi Ltd.                  

                8.6 Samsung Electronics Co., Ltd.                             

                8.7 FUJIFILM Holdings Corporation                          

                8.8 Esaote S.p.A.                             

                8.9 Mindray Medical International Ltd.                  

                8.10 Analogic Corporation                           

9. Competitive Landscape                                           

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10. Expert Opinions                                        

                10.1 Market Outlook                     

                10.2 Investment Opportunities                 

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  1. Europe Ultrasound Devices Market, By Region, From 2022 - 2027 (USD Million)
  2. Europe Ultrasound Devices Market, By Technology, From 2022 - 2027 (USD Million)
  3. Europe Diagnostic Ultrasound Market, By Region, From 2022 - 2027 (USD Million)
  4. Europe 2D Ultrasound Market, By Region, From 2022 - 2027 (USD Million)
  5. Europe 3D & 4D Ultrasound Market, By Region, From 2022 - 2027 (USD Million)
  6. Europe Doppler Ultrasound Market, By Region, From 2022 - 2027 (USD Million)
  7. Europe Therapeutic Ultrasound Market, By Region, From 2022 - 2027 (USD Million)
  8. Europe High-intensity Focused Ultrasound Market, By Region, From 2022 - 2027 (USD Million)
  9. Europe Extracorporeal Shockwave Lithotripsy Market, By Region, From 2022 - 2027 (USD Million)
  10. Europe Ultrasound Devices Market, By Device Display, From 2022 - 2027 (USD Million)
  11. Europe Color Ultrasound Devices Market, By Region, From 2022 - 2027 (USD Million)
  12. Europe Black and White Ultrasound Devices Market, By Region, From 2022 - 2027 (USD Million)
  13. Europe Ultrasound Devices Market, By Portability, From 2022 - 2027 (USD Million)
  14. Europe Trolley/Cart-based Ultrasound Devices Market, By Region, From 2022 - 2027 (USD Million)
  15. Europe Compact/Handheld Ultrasound Devices Market, By Region, From 2022 - 2027 (USD Million)
  16. Europe Ultrasound Devices Market, By Application, From 2022 - 2027 (USD Million)
  17. Europe Radiology/General Imaging ultrasound devices Market, By Region, From 2022 - 2027 (USD Million)
  18. Europe Cardiology ultrasound devices Market, By Region, From 2022 - 2027 (USD Million)
  19. Europe Obstetrics/Gynecology ultrasound devices Market, By Region, From 2022 - 2027 (USD Million)
  20. Europe Vascular ultrasound devices Market, By Region, From 2022 - 2027 (USD Million)
  21. Europe Urology ultrasound devices Market, By Region, From 2022 - 2027 (USD Million)
  22. Europe Other Applications ultrasound devices Market, By Region, From 2022 - 2027 (USD Million)
  23. U.K Ultrasound Devices Market, By Technology, From 2022 - 2027 (USD Million)
  24. U.K Diagnostic Ultrasound Market, By Diagnostic Ultrasound, From 2022 - 2027 (USD Million)
  25. U.K Therapeutic Ultrasound Market, By Therapeutic Ultrasound, From 2022 - 2027 (USD Million)
  26. U.K Ultrasound Devices Market, By Device Display, From 2022 - 2027 (USD Million)
  27. U.K Ultrasound Devices Market, By Portability, From 2022 - 2027 (USD Million)
  28. U.K Ultrasound Devices Market, By Application, From 2022 - 2027 (USD Million)
  29. Spain Ultrasound Devices Market, By Technology, From 2022 - 2027 (USD Million)
  30. Spain Diagnostic Ultrasound Market, By Diagnostic Ultrasound, From 2022 - 2027 (USD Million)
  31. Spain Therapeutic Ultrasound Market, By Therapeutic Ultrasound, From 2022 - 2027 (USD Million)
  32. Spain Ultrasound Devices Market, By Device Display, From 2022 - 2027 (USD Million)
  33. Spain Ultrasound Devices Market, By Portability, From 2022 - 2027 (USD Million)
  34. Spain Ultrasound Devices Market, By Application, From 2022 - 2027 (USD Million)
  35. Germany Ultrasound Devices Market, By Technology, From 2022 - 2027 (USD Million)
  36. Germany Diagnostic Ultrasound Market, By Diagnostic Ultrasound, From 2022 - 2027 (USD Million)
  37. Germany Therapeutic Ultrasound Market, By Therapeutic Ultrasound, From 2022 - 2027 (USD Million)
  38. Germany Ultrasound Devices Market, By Device Display, From 2022 - 2027 (USD Million)
  39. Germany Ultrasound Devices Market, By Portability, From 2022 - 2027 (USD Million)
  40. Germany Ultrasound Devices Market, By Application, From 2022 - 2027 (USD Million)
  41. Italy Ultrasound Devices Market, By Technology, From 2022 - 2027 (USD Million)
  42. Italy Diagnostic Ultrasound Market, By Diagnostic Ultrasound, From 2022 - 2027 (USD Million)
  43. Italy Therapeutic Ultrasound Market, By Therapeutic Ultrasound, From 2022 - 2027 (USD Million)
  44. Italy Ultrasound Devices Market, By Device Display, From 2022 - 2027 (USD Million)
  45. Italy Ultrasound Devices Market, By Portability, From 2022 - 2027 (USD Million)
  46. Italy Ultrasound Devices Market, By Application, From 2022 - 2027 (USD Million)
  47. France Ultrasound Devices Market, By Technology, From 2022 - 2027 (USD Million)
  48. France Diagnostic Ultrasound Market, By Diagnostic Ultrasound, From 2022 - 2027 (USD Million)
  49. France Therapeutic Ultrasound Market, By Therapeutic Ultrasound, From 2022 - 2027 (USD Million)
  50. France Ultrasound Devices Market, By Device Display, From 2022 - 2027 (USD Million)
  51. France Ultrasound Devices Market, By Portability, From 2022 - 2027 (USD Million)
  52. France Ultrasound Devices Market, By Application, From 2022 - 2027 (USD Million)

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