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3D Ultrasound Market Size Worth $4.8 Billion By 2027 | CAGR: 6.6%: Grand View Research, Inc.

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3D Ultrasound Market Size Worth $4.8 Billion By 2027 | CAGR: 6.6%: Grand View Research, Inc.

October 26
07:35 2020
3D Ultrasound Market Size Worth $4.8 Billion By 2027 | CAGR: 6.6%: Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
The global 3D ultrasound market size was valued at USD 2.9 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 6.6% from 2020 to 2027.

The global 3D ultrasound market size is expected to reach USD 4.8 billion by 2027, expanding at a CAGR of 6.6%, according to a new report by Grand View Research, Inc. Increasing preference for noninvasive diagnostic procedures coupled with continuous technological advancement in the field of 3D imaging is contributing to market growth. The advent of Artificial Intelligence (AI) and machine learning have improved the patient outcome.

The U.S. 3D ultrasound market size, by application, 2016 - 2027 (USD Million)

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AI can conduct a quantitative assessment by analyzing imaging information automatically and produce precise imaging diagnosis. The potential use of AI technology in the 3D ultrasound pipeline includes image and data interpretation, multi transducer technologies, image navigation, and quality optimization. Moreover, rising usage of imaging technology in various applications such as cardiology, general imaging, gynecology, and point of care are also contributing to market growth.

The market is expected to witness high demand for point of care 3D ultrasound. Major factors contributing to the growth are a miniaturization of technology and lower system cost. Furthermore, an increasing number of product launches and continuous technological collaboration among major players in the industry are also boosting the market growth. For instance, in November 2019, Philips Launched EPIQ Elite ultrasound system for gynecology and general imaging. The device combines 3D and 4D imaging and would improve patients’ clinical outcomes.

Key suggestions from the report:

  • Based on the application, the general imaging segment dominating the market owing to the increasing number of product launches
  • Based on end-use, the handheld segment is expected to grow at the fastest pace over the forecast period due to the rise in point of care facilities
  • North America was the leading regional segment in 2019 and is expected to maintain its position during the forecast period, owing to the presence of various market leaders and continuous technological advancement in the region.

Global 3D ultrasound market share, by application, 2019 (%)

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Grand View Research has segmented the global 3D ultrasound market on the basis of application, end-use, and region:

3D Ultrasound Application Outlook (Revenue, USD Million, 2016 – 2027)

  • General imaging
  • Cardiovascular
  • Ultrasound obstetrics and gynecology
  • Point of care

3D Ultrasound End-use Outlook (Revenue, USD Million, 2016 – 2027)

  • Handheld
  • Cart/Trolley

3D Ultrasound Regional Outlook (Revenue, USD Million, 2016 – 2027)

  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Italy
    • Spain
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Colombia
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE

List of Key Players of 3D Ultrasound Market

  • GE Healthcare
  • Philips Healthcare
  • Canon
  • Hitachi
  • Siemens
  • Fujifilm

Find more research reports on Medical Devices Industry, by Grand View Research:

Point Of Care Ultrasound Systems Market – The global point of care ultrasound systems market size was valued at USD 721.4 million in 2018 and is projected to expand at a CAGR of 5.7% by 2026.

Fetal And Neonatal Care Equipment Market – The global fetal (Labor & Delivery) and neonatal care equipment market size was valued at USD 6.3 billion in 2018 and is estimated to grow at a CAGR of around 6.9% over the forecast period.

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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