PUBLISHER: Allied Market Research | PRODUCT CODE: 1566926
PUBLISHER: Allied Market Research | PRODUCT CODE: 1566926
3D Ultrasound Market
The 3D ultrasound market was valued at $3.8 billion in 2023 and is estimated to reach $7.1 billion by 2033, exhibiting a CAGR of 6.5% from 2024 to 2033.
3D ultrasound is an advanced imaging technique that creates three-dimensional images of the interior part of the body using sound waves. 3D ultrasound provides a detailed & volumetric representation of the body as it captures images from multiple angles. The technique is typically used in obstetrics to visualize the fetus and assess its anatomy, development, and potential abnormalities. Various other medical fields, including oncology and cardiology use 3D ultrasound to elevate their diagnostic accuracy.
Rise in preference for non-invasive diagnostic techniques is a key driver of the 3D ultrasound market. The technique offers in-depth images of body parts without using harmful ionizing radiation, boosting its popularity in the medical field. Moreover, the technique is observing a surge in demand as it provides results in real-time and is notably cost effective as compared to other immersive diagnostic techniques such as MRI. The integration of innovative technologies such as AI, augmented reality (AR), and virtual reality (VR) is projected to trend in the future. AI is expected to help in enhancing the image analysis and accelerate the decision-making process. VR is projected to be beneficial in replicating the environment for training purposes and AR is anticipated to improve the precision during surgical procedures.
However, the cost of procuring and maintaining the high-end equipment for 3D ultrasound is significantly high, deterring several small-scale clinics and healthcare settings from investing in the devices. On the contrary, surge in investments in the healthcare sector by governments is opening new avenues for market expansion. As per American Medical Association, in the U.S. the expenditure on healthcare increased by 4.1% in 2022. This increment led to a corresponding rise in investment in ingenious medical technologies, including 3D ultrasound equipment.
Segment Review
The 3D ultrasound market is segmented into portability, application, end user, and region. On the basis of portability, the market is bifurcated into trolley/cart-based and compact/handheld. By application, it is classified into general imaging, cardiology, obstetrics & gynecology, urology, and others. As per end user, it is divided into hospitals, diagnostic imaging centers, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key Findings
On the basis of portability, the trolley/cart-based segment dominated the market in 2023.
By application, the general imaging segment was the highest shareholder in 2023.
As per end user, the hospitals segment held a substantial portion of the 3D ultrasound market share in 2023.
Region wise, North America is projected to be the highest revenue generator by 2033.
Competition Analysis
The major players operating in the 3D ultrasound market include 3Shape A/S, GE Healthcare, Koninklijke Philips N.V., Canon Medical Systems Corporation, FUJIFILM VisualSonics, Inc., Siemens, ESAOTE SPA, Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Samsung Healthcare, CHISON Medical Technologies Co., Ltd., and?Hologic, Inc. These players have adopted various key developmental strategies such as business expansion, new product launches, and partnerships to strengthen their foothold in the market.
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