The ultrasound devices market in North America is estimated to grow from USD 1.89 billion in 2023 to USD 2.41 Billion in 2028, growing at a CAGR of 4.9% from 2023 to 2028.
The growing number of patients suffering from chronic diseases in North American countries is one of the major factors propelling the ultrasound devices market in North America. For instance, according to the Centres for Disease Control and Prevention (CDC), in the U.S., nearly 6 in 10 people suffer from one or more chronic diseases. Moreover, chronic diseases are the leading cause of death; approximately 38% of deaths are only due to these chronic diseases. Heart attack, cancer, and lung diseases are a few chronic diseases that are causing a significant number of mortalities. Ultrasound helps in the early detection of disease or infection present in the body, which helps to treat or prevent diseases in their early stages.
The rising adoption of ultrasound devices for diagnostic imaging is further fuelling the growth rate of the ultrasound devices market in North America. Diagnostic imaging helps healthcare providers detect issues in the body's internal organs. Ultrasound imaging system shows real-time captured images, the movement of the body's internal organs and blood flow. As it does not ionize radiation, it is mainly used by pregnant women to detect the status of the fetus. In addition, it allows the parents to hear the fetus's heartbeat and capture images of the baby.
The growing usage of ultrasound devices for minimally invasive surgeries is another factor accelerating market growth in North America. In 2022, Sonex Health launched UltraGuideTFR, an ultrasound device that helps with minimal invasion surgeries to make smaller incisions for the patient. Most healthcare providers use ultrasound devices to detect the place where incisions are required for the surgery to improve patient outcomes and perform comfortable surgeries. The ultrasound system is mainly used in neurosurgery to treat disorders, including Parkinson's and tumors, successfully.
However, the lack of skilled professionals and training centers across the North American region is one of the major factors restraining the market growth. In addition, limited testing distance is the primary factor restraining the market growth. If there is a need to examine the depth in the body to find the exact location of the issues, ultrasound devices cannot give the proper images for further analysis. Additionally, it has poor penetration to bones and air, and the high cost of some advanced ultrasound devices impedes the market growth.
This research report on the North American ultrasound devices market has been segmented and sub-segmented into the following categories:
By Device Display:
Geographically, the North American region accounted for the largest share of the global market in 2021, owing to increased adoption of technological advancements, healthcare expenditure, and the aging population in North American countries. Portable ultrasound devices are mainly used for instances such as rib fractures for aged people. Ultrasound examination for older people is easy to perform by moving the device throughout the body, wherever required to get pictures of the internal organs and detect the fracture. In addition, increasing the use of tele-ultrasound in remote rural areas is anticipated to promote market growth in North America. It is a cost-saving process and eliminates the long transportation and extra doctor visits for the patients.
The U.S. market is anticipated to hold a substantial share of the North American region during the forecast period. Factors such as growing awareness among the population regarding the importance of early diagnosis are among the key factors increasing the demand for ultrasound devices in the United States. As a result, the U.S. government is increasing investments to manufacture various ultrasound devices with advanced technologies, such as AI, to develop high-quality images.
The Canadian market is anticipated to grow at a healthy CAGR during the forecast period. The Canadian government is also increasing investments to manufacture efficient ultrasound devices for the early detection of various diseases. For instance, in 2022, one of Canada's leading medical technology companies, Clarius Mobile Health, received Health Canada's approval for handheld ultrasound scanners. These scanners can wirelessly link to the clinician's Apple and android smart devices through an AI-powered application.
KEY MARKET PLAYERS:
Companies playing a dominant role in the North America 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.).
Access the study in MULTIPLE FORMATS
Purchase options starting from $ 2000
Call us on: +1 888 702 9696 (U.S Toll Free)
Write to us: firstname.lastname@example.org