urology-imaging-systems-market

Urology Imaging Systems Market By Product (Standalone Ultrasound Systems, Portable Ultrasound Systems, Fluoroscopy Based Systems), By End User Segment (Hospitals, Diagnostic centers, Ambulatory Surgical Centers, Clinics) - Growth, Future Prospects, And Competitive Landscape, 2024- 2032

17 Apr 2019 Format PDF icon PPT icon XLS icon Request Sample

"Urology imaging systems market to exhibit productive growth during the forecast period" 

The global urology imaging systems market is Globally, growing prevalence of urological conditions (mainly urinary incontinence and urinary tract infections) along with increased adoption of portable urology imaging systems will drive the market growth. New advancements in mobile technology, development in clinical governance and product launches in 3D-4D imaging segment are prime factors for market growth. Additionally, partnerships with diagnostics centers by medical technology companies internationally, and product technology expansion in emerging nations are factors driving the growth of the urology imaging systems market.

Urology Imaging Systems Market

"Portable urology imaging systems expected to register higher growth during the forecast period" 

Adoption of 3D & 4D urology imaging systems is in demand due to its higher magnified visualization quality, integrated & automated algorithms, and cutting edge technology, and cloud-based solutions, for e.g. VISERA 4K UHD (Olympus). New products are mainly utilized in several applications comprising gynecology, general surgery, and emergency care. The portable ultrasound imaging system allows faster and consistent statistics & information management along with record systems. However, on platform imaging systems holds maximum revenue share in the global market due to its strengthful compatibility along with software embedded technology for multiple applications utilized for gynecological, obstetric ultrasound imaging and for cardiovascular ultrasound. 

"Increasing adoption of portable devices in the hospital segment to witness a significant CAGR" 

Urological illnesses on a global scale are noteworthy variables expected for the growth of the urology imaging systems market. Growing number of procedures for urological diagnostics, surgery, urolithiasis, scrotal imaging, renal treatment, and others in the hospitals segment produced a significant marketplace in the current scenario. Increasing preference for 3D and high-intensity focused ultrasound imaging products for numerous applications including prostate, kidney and bladder imaging solutions will drive the market growth during the forecast period. Growing adoption of portable imaging systems with unified software outfits for higher magnified visualization along with intellectual patient positioning and fusion of imaging modalities is driving the market growth in the end user segment.

"Increasing population, new product approvals with enhanced technology holds the U.S. in dominant position" 

Globally, increasing ageing population suffering with urinary incontinence complications, unhealthy lifestyle and the surging number of patients suffering from overactive bladder (OAB) symptoms are triggering the market growth. In 2021, the U.S. generated maximum revenue in the global urology imaging systems market attributed to the increasing commonness of urological conditions along with diagnostic imaging procedures (mainly prostate and gynecology) and growing utilization of portable imaging systems in diagnostics centers and clinics. However, in emerging developing nations, the availability of advanced imaging systems is very less due to its high cost. Other factors restraining the market growth include increasing burden of urinary incontinence, unstructured reimbursement scenario, no or less technological expansion, and limited number of skilled healthcare professionals. 

"Dominance of multinational manufacturers with strong product portfolio in the developed regions" 

Major players in the urology imaging systems market are GE Healthcare (General Electric Company), Esaote SpA, Shenzhen Mindray Bio-Medical Electronics Co., Ltd. BK Medical Holding Company, Inc., Siemens Healthineers, Philips Healthcare, Verathon Inc., LABORIE , Samsung , Echo-Son, ECM Echo Control Medical SAS, Ampronix, Toshiba Medical, Fujifilm Sonosite, Hitachi, Ltd. and others. Topmost manufacturers are executing growth strategies along with new technology advancement in urology imaging systems, new technology development in 4D segment, and partnerships with diagnostic centers and clinics. For instance, in January 2023, Siemens Healthineers India showcased its new Acuson NX Ultrasound Series (Acuson NX3 2.0 and Acuson NX2 Elite ultrasound systems) at the 17th Asian Oceanian Congress of Radiology 2023.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Urology Imaging Systems market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Urology Imaging Systems market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2022-2032
Base Year 2023
Forecast Period  2024-2032
Historical Year  2022
Unit  USD Million
Segmentation
Product
  • Standalone Ultrasound Systems
  • Portable Ultrasound Systems
  • Fluoroscopy Based Systems (Conventional Radiology)

End User
  • Hospitals
  • Diagnostic Centers
  • Ambulatory Surgical Centers
  • Clinics

 Region Segment (2022-2032; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Urology Imaging Systems market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2032.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Urology Imaging Systems market?
  • Which is the largest regional market for Urology Imaging Systems market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Urology Imaging Systems market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Urology Imaging Systems market worldwide?
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