Product Description
Overall, the global ultrasonic device market was valued at over $1 billion in 2023. This is expected to increase over the forecast period at a CAGR of 2.7% to reach over $1.26 billion in 2030.
Throughout this medical market research, we analyzed over 8 ultrasonic device companies across 7 continents and used our comprehensive methodology to understand the market sizes, unit sales, company market shares, and to create accurate forecasts. The full report suite on the global market for ultrasonic devices extends its projections up to the year 2030, thereby providing a comprehensive and anticipatory understanding of the market trends and trajectories for the given period.
DATA TYPES INCLUDED
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- Forecasts Until 2030, and Historical Data to 2020
- Market Drivers & Limiters for Each Segment
- Competitive Analysis with Market Shares for Each Segment
- Recent Mergers & Acquisitions
- COVID19 Impact
- Disease Overviews and Demographic Information
- Company Profiles, Product Portfolios and SWOT for Top Competitors
Global Ultrasonic Device Market Insights
Ultrasonic energy guarantees that there is no transmission of electrical energy to the patient, a factor linked to issues such as ulceration, unintended thermal damage to organs, and other complications. Consequently, the use of ultrasonic energy offers a safer approach for both cutting and coagulating in the context of laparoscopic surgeries.
Global Ultrasonic Device Market Share Insights
- Ethicon, along with its Harmonic product line, is positioned to take the lead in the ultrasonic device market during the forecast period. The HARMONIC ACE® stands as the industry-standard device and is overwhelmingly the most favored ultrasonic device.
- Following closely behind Ethicon, Medtronic secures the second position in ultrasonic device market share. The increasing popularity of Sonicision™ has contributed to the growth of Medtronic‘s share, largely at the expense of Olympus.
- Olympus holds the third position among competitors in this market. Olympus features THUNDERBEAT, a reposable system combining bipolar and ultrasonic energy. While the company aims to expand its advanced energy business unit, it faces competition from well-established players like Ethicon and Medtronic in the market.
Market Segmentation Summary
- Ultrasonic Generator Market
- Ultrasonic Instrument Market
Global Research Scope Summary
Report Attribute | Details |
---|---|
Regions | North America (Canada, United States) Latin America (Argentina, Brazil, Chile, Colombia, Mexico, Peru, Venezuela) Western Europe (Austria, Benelux, France, Germany, Italy, Portugal, Scandinavia, Spain, Switzerland, U.K.) Central & Eastern Europe (Baltic States, Bulgaria, Croatia, Czech Republic, Greece, Hungary, Kazakhstan, Poland, Romania, Russia, Turkey, Ukraine) Middle East (Bahrain, Iran, Israel, Kuwait, Oman, Qatar, Saudi Arabia, United Arab Emirates) Asia Pacific (Australia, Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Myanmar, New Zealand, Philippines, Singapore, South Korea, Taiwan, Thailand, Vietnam) Africa (Algeria, Egypt, Ghana, Kenya, Libya, Morocco, Nigeria, South Africa, Sudan, Uganda) |
Base Year | 2023 |
Forecast | 2024-2030 |
Historical Data | 2020-2023 |
Quantitative Coverage | Market Size, Market Shares, Market Forecasts, Market Growth Rates, Units Sold, and Average Selling Prices. |
Qualitative Coverage | COVID19 Impact, Market Growth Trends, Market Limiters, Competitive Analysis & SWOT for Top Competitors, Mergers & Acquisitions, Company Profiles, Product Portfolios, FDA Recalls, Disruptive Technologies, Disease Overviews. |
Data Sources | Primary Interviews with Industry Leaders, Government Physician Data, Regulatory Data, Hospital Private Data, Import & Export Data, iData Research Internal Database. |
CONTACT US FOR ADDITIONAL INFORMATION
For full segmentation and any questions regarding research coverage, please contact us for a complimentary demo of the full report.