Chile Ultrasound Devices Market Growth at a CAGR of 6.3% from 2021 to 2030

The global Chile Ultrasound Devices market size was reached at USD 220.2 million in 2020 and is projected to surpass US$ 250 million by 2030, expanding growth at a CAGR of 6.3% from 2021 to 2030.

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Growth Factors

 The increasing prevalence of lifestyle-associated diseases and technological advancements are some of the major market players. Cancer affects a considerable portion of the Chilean population, with prostate cancer ranking 1 amongst others, the adoption of ultrasound devices in the diagnosis of cancer is expected to boost the market growth. Additionally, manufacturers are using new strategies that allow them to use their resources to help develop new products and improve their supply chain. The growth of the market can be attributed to the increasing prevalence of prostate cancer coupled with the adoption of advanced ultrasound devices for diagnostic imaging and treatment.

Report Coverage

Report Scope Details
Market Size USD 250 Mn by 2030
Growth Rate CAGR of 6.3% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, Portability
Regional Scope Chile
Companies Mentioned Canon Medical Systems Corporation; GE Healthcare;  Koninklijke Philips N.V.; Siemens Healthcare GmbH;  Hitachi Medical;  Samsung Medison;  Mindray Medical International Limited

Report Highlights

The diagnostic imaging ultrasound devices segment accounted for the largest market share of more than 70.0% in 2020. The segment is further sub-segmented into 2D, 3D/4D, and Doppler. It is a traditional ultrasound scanning, because of its widespread use in obstetrics, radiology, and oncology, whereas the 3D/4D ultrasound devices are expected to grow at the fastest rate owing to the short time required to complete fetal cardiac screening and diagnosis, improved detection of fetal abnormalities and less dependence on the operator’s skills in identifying fetal abnormalities.

The therapeutic ultrasound devices segment is anticipated to witness a CAGR of over 5.7% over the forecasted period. The segment is further sub-segmented into high-intensity focused ultrasound and extracorporeal shockwave lithotripsy.

The cart/trolley-based devices segment dominated the Chile ultrasound devices market and accounted for the largest revenue share of 65.0% in 2020. The biggest advantage of cart/trolley ultrasound device lies in time-saving which include booting time, transfer, and bedside positioning, by bringing the device to the patient’s location, whether it’s an Intensive Care Unit (ICU) or an emergency department, cart/trolley ultrasounds fully eliminate the difficulty of transferring vulnerable patients.

Key Players

  • Canon Medical Systems Corporation
  • GE Healthcare
  • Philips Healthcare
  • Siemens Healthcare GmbH
  • Hitachi Medical Corporation
  • Samsung Medison
  • Mindray Medical International Limited

Market Segmentation

  • Product
    • Therapeutic Ultrasound Devices
      • High-intensity Focused Ultrasound
      • Extracorporeal Shockwave Lithotripsy
    • Diagnostic Imaging Ultrasound Devices
      • 2D
      • 3D/4D
      • Doppler
  • Portability
    • Handheld Devices
    • Cart/Trolley Based Devices

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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.

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Chile Ultrasound Devices Market, By Product

7.1.  Chile Ultrasound Devices Market, by Product, 2021-2030

7.1.1.    Therapeutic Ultrasound Devices

7.1.1.1.        Market Revenue and Forecast (2016-2030)

7.1.2.    Diagnostic Imaging Ultrasound Devices

7.1.2.1.        Market Revenue and Forecast (2016-2030)

Chapter 8.  Chile Ultrasound Devices Market, By Portability

8.1.  Chile Ultrasound Devices Market, by Portability, 2021-2030

8.1.1.    Handheld Devices

8.1.1.1.        Market Revenue and Forecast (2016-2030)

8.1.2.    Cart/Trolley Based Devices

8.1.2.1.        Market Revenue and Forecast (2016-2030)

Chapter 9.  Chile Ultrasound Devices Market, Regional Estimates and Trend Forecast

9.1.  Chile

9.1.1.    Market Revenue and Forecast, by Product (2016-2030)

9.1.2.    Market Revenue and Forecast, by Portability (2016-2030)

Chapter 10.  Company Profiles

10.1.              Canon Medical Systems Corporation

10.1.1.  Company Overview

10.1.2.  Product Offerings

10.1.3.  Financial Performance

10.1.4.  Recent Initiatives

10.2.              GE Healthcare

10.2.1.  Company Overview

10.2.2.  Product Offerings

10.2.3.  Financial Performance

10.2.4.  Recent Initiatives

10.3.              Philips Healthcare

10.3.1.  Company Overview

10.3.2.  Product Offerings

10.3.3.  Financial Performance

10.3.4.  Recent Initiatives

10.4.              Siemens Healthcare GmbH

10.4.1.  Company Overview

10.4.2.  Product Offerings

10.4.3.  Financial Performance

10.4.4.  Recent Initiatives

10.5.              Hitachi Medical Corporation

10.5.1.  Company Overview

10.5.2.  Product Offerings

10.5.3.  Financial Performance

10.5.4.  Recent Initiatives

10.6.              Samsung Medison

10.6.1.  Company Overview

10.6.2.  Product Offerings

10.6.3.  Financial Performance

10.6.4.  Recent Initiatives

10.7.              Mindray Medical International Limited

10.7.1.  Company Overview

10.7.2.  Product Offerings

10.7.3.  Financial Performance

10.7.4.  Recent Initiatives

Chapter 11.  Research Methodology

11.1.              Primary Research

11.2.              Secondary Research

11.3.              Assumptions

Chapter 12.  Appendix

12.1.              About Us

12.2.              Glossary of Terms

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