Market Size of Germany Ultrasound Devices Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 510 Million |
Market Size (2029) | USD 691.69 Million |
CAGR (2024 - 2029) | 5.70 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Germany Ultrasound Devices Market Analysis
The Germany Ultrasound Devices Market size is estimated at USD 510 million in 2024, and is expected to reach USD 691.69 million by 2029, growing at a CAGR of 5.70% during the forecast period (2024-2029).
The COVID-19 pandemic significantly impacted the ultrasound devices market in Germany, as various departments, such as radiology and obstetrics, were severely affected during the pandemic. For instance, according to an article published by Rapid Communication in December 2021, the COVID-19 pandemic expectedly impacted ultrasound services in Germany during the initial pandemic phase as it involved direct contact with the patient. Thus, such factors affected the growth of the studied market during the pandemic. However, as the pandemic has subsided, the German ultrasound devices market is expected to grow steadily during the forecast period.
Ultrasound devices are majorly used in imaging procedures to diagnose various diseases; thus, the rising prevalence of chronic illnesses like cardiovascular diseases and cancer is anticipated to boost the growth of the ultrasound device market in Germany throughout the study's projected period. For instance, according to an article published by the WifOR Institute in February 2022, cardiovascular diseases (CVDs) are said to be widely prevalent in Germany. They are additionally one of the most common causes of mortality.
Moreover, according to an article published by SpringerLink in September 2022, Germany has a high burden of coronary heart disease, obesity, high blood pressure, and high lipid and glucose levels are considered significant risk factors for developing secondary coronary heart disease in Germany. Thus, the high prevalence of such chronic diseases in the country is expected to boost the growth of the studied market, as ultrasound devices are used for diagnosing these diseases.
Ultrasound devices are widely used in hospitals and other gynecology centers for the prenatal monitoring of unborn babies, which is also expected to significantly impact the market growth as ultrasound procedures are usually performed 2-3 times during pregnancy. For instance, according to the data updated by Destatis in August 2022, an estimated 795.5 thousand live births took place in Germany in 2021. Thus, the large number of births in Germany is expected to increase the usage of ultrasound devices.
Additionally, the rising developments by market players, such as product launches, mergers, and acquisitions, are also expected to bolster market growth, as these are expected to increase access to advanced products. For instance, in November 2021, Siemens Healthineers, a German company, introduced a new liver analysis feature with the ACUSON Sequoia ultrasound system. It provides clinicians with a new measurement tool called ultrasound-derived fat fraction (UDFF), which helps them evaluate the severity of hepatic steatosis overall.
The system also includes Auto Point Shear Wave Elastography (Auto pSWE), a brand-new method for quantifying liver stiffness that aims to shorten the duration of the liver elastography exam. Thus, the introduction of such devices is expected to increase the demand for ultrasound devices in the country, hence driving market growth.
Thus, the factors such as the rising prevalence of chronic diseases and the increasing developments by market players and other organizations are expected to boost the market growth during the forecast period. However, stringent regulations are expected to hinder market growth.
Germany Ultrasound Devices Industry Segmentation
As per the scope of the report, ultrasonography is an imaging method that creates images of various body structures using high-frequency sound waves. They are used to evaluate a variety of disorders relating to the liver, kidneys, and other abdominal conditions, including usage in pregnancy. As a result, these devices have a variety of uses in the medical area, including diagnostic imaging and therapeutic modality. The Germany ultrasound device market is segmented by application, technology, and type. Based on application the market is segmented as anesthesiology, cardiology, gynecology/obstetrics, musculoskeletal, radiology, critical care, and other applications). Based on technology the market is segmented into 2D ultrasound imaging, 3D and 4D ultrasound imaging, doppler imaging, and high-intensity focused ultrasound. Based on type the market is segmented as stationary ultrasound and portable ultrasound. The report offers the value (in USD) for the above segments.
By Application | |
Anesthesiology | |
Cardiology | |
Gynecology/Obstetrics | |
Musculoskeletal | |
Radiology | |
Critical Care | |
Other Applications |
By Technology | |
2D Ultrasound Imaging | |
3D and 4D Ultrasound Imaging | |
Doppler Imaging | |
High-intensity Focused Ultrasound |
By Type | |
Stationary Ultrasound | |
Portable Ultrasound |
Germany Ultrasound Devices Market Size Summary
The Germany ultrasound devices market is poised for steady growth over the forecast period, driven by the increasing prevalence of chronic diseases such as cardiovascular conditions and cancer. The market experienced a temporary setback due to the COVID-19 pandemic, which disrupted ultrasound services in critical areas like radiology and obstetrics. However, as the pandemic's impact wanes, the demand for ultrasound devices is expected to rise, fueled by the need for diagnostic imaging in managing these prevalent health issues. The high burden of coronary heart disease and other related conditions in Germany underscores the importance of ultrasound technology in early diagnosis and treatment. Additionally, the significant number of live births in the country contributes to the sustained demand for ultrasound devices in prenatal monitoring.
Market growth is further bolstered by technological advancements and strategic initiatives by key players in the industry. Companies like Siemens Healthineers are introducing innovative features in ultrasound systems, enhancing their diagnostic capabilities and expanding their applications. The rising adoption of high-intensity focused ultrasound systems for cancer treatment and the increasing use of ultrasound in cardiovascular procedures are also contributing to market expansion. The geriatric population's growth, coupled with the high prevalence of cardiovascular diseases, is expected to drive the demand for ultrasound imaging in this segment. Despite the competitive landscape, with major players like Canon Medical Systems, GE Healthcare, and Fujifilm Holdings, the market is set to benefit from ongoing developments and partnerships aimed at improving patient outcomes and streamlining healthcare processes.
Germany Ultrasound Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Burden of Chronic Diseases
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1.2.2 Technological Advancements of Ultrasound Devices
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1.3 Market Restraints
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1.3.1 Stringent Regulations
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD)
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2.1 By Application
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2.1.1 Anesthesiology
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2.1.2 Cardiology
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2.1.3 Gynecology/Obstetrics
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2.1.4 Musculoskeletal
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2.1.5 Radiology
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2.1.6 Critical Care
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2.1.7 Other Applications
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2.2 By Technology
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2.2.1 2D Ultrasound Imaging
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2.2.2 3D and 4D Ultrasound Imaging
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2.2.3 Doppler Imaging
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2.2.4 High-intensity Focused Ultrasound
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2.3 By Type
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2.3.1 Stationary Ultrasound
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2.3.2 Portable Ultrasound
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Germany Ultrasound Devices Market Size FAQs
How big is the Germany Ultrasound Devices Market?
The Germany Ultrasound Devices Market size is expected to reach USD 510 million in 2024 and grow at a CAGR of 5.70% to reach USD 691.69 million by 2029.
What is the current Germany Ultrasound Devices Market size?
In 2024, the Germany Ultrasound Devices Market size is expected to reach USD 510 million.