Ultrasound Image Analysis Software Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2030

Published Date : May 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Ultrasound Image Analysis Software market size is expected to be worth around US$ 11.2  billion by 2030, according to a new report by Vision Research Reports.

The global Ultrasound Image Analysis Software market size was valued at US$ 637.3 Million  in 2020 and is anticipated to grow at a CAGR of 18.9% during forecast period 2021 to 2030.

Growth Factors

 The growing prevalence of chronic diseases is a high impact rendering growth driver for the market. The increasing prevalence is presumed to be driving the clinical urgency to adopt ultrasound image analysis software in order to improve the existing poor patient diagnostic imaging measures and reduce the long-term cost associated with the conventional diagnostics.

In addition, a widening geriatric population base, possessing high susceptibility toward the development of chronic diseases is expected to upsurge the demand for ultrasound image analysis software in the future. According to research published in Medscape, chronic diseases, which predominantly include cardiovascular diseases, are responsible for the high mortality rate in the U.S. Consequentially; the presence of these highly prevalent cardiovascular diseases raises the demand to utilize advanced diagnostic and imaging alternatives. The aforementioned factor is anticipated to widen the potential for growth throughout the forecast period.

Report Highlights

Integrated software dominated this segment in 2020. The dominant share can be attributed to its extensive usage in a wide array of clinical applications. Integrated software is widely used in radiology applications to improve workflow and overall efficiency. For instance, GE Healthcare’s product ViewPoint 6 for Direct Connect helps physicians reduce dictation by auto-populating ultrasound measurements and facilitates connection with  Picture Archiving and Communication System (PACS),and Electronic Medical Record (EMR) systems.

These tools work like fully automatic systems assisting all technicians to gain better insights about a disease condition, which is presumed to be one of the key contributing factors toward segment growth. Integrated software for managing ultrasound imaging has gained popularity due to its flexibility and suitability for a wide range of applications. Moreover, new small-scale companies prefer this type as a result of its cost-benefit advantages and high applicability to an existing IT structure of any company.

3D & 4D imaging systems held the largest market share of the product segment in 2020. The widespread use of these systems can be attributed to the increasing use of diagnostic imaging, which is an imperative step for every surgical procedure, as well as the management of chronic diseases.

The heightening demand for the tools in 3D & 4D ultrasound systems is presumed to be a consequence of its associated benefits. They allow advanced processing on archives; provide innovative quantitative tools, and have the ability to view &measure structures in different spatial or temporal dimensions more efficiently in 3D&4D images. For instance, the IntelliSpace Portal 9.0 by Philips Healthcare that supports advanced 3D visualization for volumetric image manipulation, interpretation, and comparison.

Cardiology captured the largest share of the application segment in 2015 owing to the high preference and adoption of ultrasound image analysis software in cardiology applications. The increasing adoption is presumed to be a result of software able to detect blockage in arteries efficiently so that stents can be precisely placed at those sites, thereby, presenting the segment with high growth potential.

In addition, new products specifically designed for cardiology applications are broadening the scope for further growth. For instance, the launch of QLAB Cardiac Analysis, by Philips Healthcare, which is ultrasound image quantification integrated with tracking technology and automated carotid intima media thickness measurement.

North America held the dominant share of over 32.0% of the market. The supportive government initiatives, wide implementation of the Electronic Health Record (EHR), continual deployment of R&D investments, and the presence of prominent players headquartered in this region are the major drivers believed to be responsible for the market dominance.

Asia Pacific is anticipated to grow at the lucrative rate during the forecast period owing to increasing penetration of the highly advanced  and their compatible software in fast emerging economies such as India and China. Furthermore, high R&D investment by the global players and increasing outsourcing opportunities present across this region serve as high growth rendering market drivers across this region.

Key Players

GE Healthcare, Philips Healthcare, Siemens Healthineers, Agfa Healthcare, MIM Software, Inc., Esaote SpA, and Merge Healthcare Incorporated. 

Market Segmentation

  • Software Type Outlook 

    • Integrated Software

    • Standalone Software

  • Product Outlook 

    • 2D Ultrasound Systems

    • 3D&4D Ultrasound Systems

    • Doppler Imaging

  • Application Outlook 

    • Orthopedic

    • Dental

    • Cardiology

    • Oncology

    • Obstetrics & Gynecology

    • Nephrology & Oncology

    • Radiology

    • Others

  • Regional Outlook 

    • North America

      • The U.S.

      • Canada

    • Europe

      • Germany

      • The U.K.

    • Asia Pacific

      • Japan

      • China

      • India

    • Latin America

      • Brazil

      • Mexico

    • The Middle East and Africa

      • South Africa

The Ultrasound Image Analysis Software market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Ultrasound Image Analysis Software market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Ultrasound Image Analysis Software market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Ultrasound Image Analysis Software market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Ultrasound Image Analysis Software market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Ultrasound Image Analysis Software capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Ultrasound Image Analysis Software by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Ultrasound Image Analysis Software market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Ultrasound Image Analysis Software market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Ultrasound Image Analysis Software market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Ultrasound Image Analysis Software industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Ultrasound Image Analysis Software market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Ultrasound Image Analysis Software market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Ultrasound Image Analysis Software market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Ultrasound Image Analysis Software market. These factors have benefited the growth of the global market for Ultrasound Image Analysis Software. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Ultrasound Image Analysis Software. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Ultrasound Image Analysis Software are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2021
  • Forecast Year 2021 to 2030

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market

To strategically profile the key players and comprehensively analyze their growth strategies.


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