
Global & Nigeria Ultrasound Market to 2031
Description
The Nigerian ultrasound market is undergoing notable growth and transformation, largely fueled by government healthcare reforms, an increasing prevalence of chronic diseases, and heightened involvement from the private sector. Despite facing challenges such as inadequate infrastructure and financing issues, there is a clear trend towards modernizing and expanding diagnostic capabilities. The rising incidence of non-communicable diseases (NCDs) is anticipated to further boost the demand for advanced diagnostic equipment. A January 2024 report from the World Health Organization (WHO) highlighted that conditions like cardiovascular diseases and strokes are becoming leading causes of mortality in Nigeria. This shift in health patterns underscores the need for more sophisticated ultrasound systems for early detection, monitoring, and management of these diseases, particularly in urban areas where they are more common. Consequently, there is an increasing demand for specialized ultrasound machines tailored for cardiology, oncology, and other clinical uses.
Moreover, the growing investment from the private sector in healthcare facilities is expected to enhance market growth. While many Nigerians still depend on public healthcare, the rise of private hospitals and clinics, especially in major cities, is notable. This trend is further exacerbated by the significant outflow of funds due to medical tourism, with Nigeria reportedly losing around US$ 1.2 billion annually as citizens seek medical care abroad. This financial loss is prompting private healthcare providers to invest in advanced ultrasound technologies to retain patients domestically and improve the standard of care.
Moreover, the growing investment from the private sector in healthcare facilities is expected to enhance market growth. While many Nigerians still depend on public healthcare, the rise of private hospitals and clinics, especially in major cities, is notable. This trend is further exacerbated by the significant outflow of funds due to medical tourism, with Nigeria reportedly losing around US$ 1.2 billion annually as citizens seek medical care abroad. This financial loss is prompting private healthcare providers to invest in advanced ultrasound technologies to retain patients domestically and improve the standard of care.
Table of Contents
109 Pages
- 1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Data Triangulation and Validation:
- 4. Nigeria Ultrasound Market Landscape
- 4.1 Overview
- 4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain
- 5. Ultrasound Market Key Market Dynamics
- 5.1 Ultrasound Market – Key Market Dynamics
- 5.2 Market Drivers
- 5.3 Market Restraints
- 5.4 Market Opportunities
- 5.5 Future Trends
- 5.6 Impact of Drivers and Restraints
- 6. Nigeria Ultrasound Market – Analysis
- 6.1 Nigeria Ultrasound Market Revenue (US$ Million), 2021–2031
- 6.2 Nigeria Ultrasound Market Revenue and Forecast Analysis
- 7. Nigeria Ultrasound Market Analysis – by Product Type
- 7.1 Nigeria Ultrasound Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Product Type
- 8. Nigeria Ultrasound Market Analysis – by Portability
- 8.1 Nigeria Ultrasound Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Portability
- 9. Nigeria Ultrasound Market Analysis – by Application
- 9.1 Nigeria Ultrasound Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Application
- 10. Nigeria Ultrasound Market Analysis – by End User
- 10.1 Nigeria Ultrasound Market – Revenue and Forecast, 2021–2031 (US$ Million) – by End User
- 11. Competitive Landscape
- 11.1 Heat Map Analysis by Key Players
- 11.1 Company Positioning and Concentration
- 12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.2 Partnerships and Collaborations
- 12.2 Other Developments
- 13. Company Profiles
- 13.1 GE HealthCare Technologies Inc
- 13.1. 1 Key Facts
- 13.1. 2 Business Description
- 13.1. 3 Products and Services
- 13.1. 4 Financial Overview
- 13.1. 5 SWOT Analysis
- 13.1. 6 Key Developments
- 13.2 Siemens Healthineers AG
- 13.2. 1 Key Facts
- 13.2. 2 Business Description
- 13.2. 3 Products and Services
- 13.2. 4 Financial Overview
- 13.2. 5 SWOT Analysis
- 13.2. 6 Key Developments
- 13.3 FUJIFILM Holdings Corp
- 13.3. 1 Key Facts
- 13.3. 2 Business Description
- 13.3. 3 Products and Services
- 13.3. 4 Financial Overview
- 13.3. 5 SWOT Analysis
- 13.3. 6 Key Developments
- 13.4 Canon Inc
- 13.4. 1 Key Facts
- 13.4. 2 Business Description
- 13.4. 3 Products and Services
- 13.4. 4 Financial Overview
- 13.4. 5 SWOT Analysis
- 13.4. 6 Key Developments
- 13.5 Koninklijke Philips NV
- 13.5. 1 Key Facts
- 13.5. 2 Business Description
- 13.5. 3 Products and Services
- 13.5. 4 Financial Overview
- 13.5. 5 SWOT Analysis
- 13.5. 6 Key Developments
- 13.6 ESAOTE SPA
- 13.6. 1 Key Facts
- 13.6. 2 Business Description
- 13.6. 3 Products and Services
- 13.6. 4 Financial Overview
- 13.6. 5 SWOT Analysis
- 13.6. 6 Key Developments
- 13.7 Shenzhen Mindray Bio-Medical Electronics Co Ltd
- 13.7. 1 Key Facts
- 13.7. 2 Business Description
- 13.7. 3 Products and Services
- 13.7. 4 Financial Overview
- 13.7. 5 SWOT Analysis
- 13.7. 6 Key Developments
- 13.8 Hologic Inc
- 13.8. 1 Key Facts
- 13.8. 2 Business Description
- 13.8. 3 Products and Services
- 13.8. 4 Financial Overview
- 13.8. 5 SWOT Analysis
- 13.8. 6 Key Developments
- 13.9 Trivitron Healthcare Pvt Ltd
- 13.9. 1 Key Facts
- 13.9. 2 Business Description
- 13.9. 3 Products and Services
- 13.9. 4 Financial Overview
- 13.9. 5 SWOT Analysis
- 13.9. 6 Key Developments
- 13.10 Samsung Healthcare
- 13.10. 1 Key Facts
- 13.10. 2 Business Description
- 13.10. 3 Products and Services
- 13.10. 4 Financial Overview
- 13.10. 5 SWOT Analysis
- 13.10. 6 Key Developments
- 14. Appendix
- 14.1 About Business Market Insights
- 14.2 List of Abbreviations
- TABLE OF TABLES
- Table 1. Nigeria Ultrasound Market Segmentation
- Table 2. List of Vendors
- Table 3. Nigeria Ultrasound Market – Revenue, 2021–2024 (US$ Million)
- Table 4. Nigeria Ultrasound Market – Revenue Forecast, 2025–2031 (US$ Million)
- Table 5. Nigeria Ultrasound Market – Revenue, 2021–2024 (US$ Million) – by Product Type
- Table 6. Nigeria Ultrasound Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type
- Table 7. Nigeria Ultrasound Market – Revenue, 2021–2024 (US$ Million) – by Portability
- Table 8. Nigeria Ultrasound Market – Revenue Forecast, 2025–2031 (US$ Million) – by Portability
- Table 9. Nigeria Ultrasound Market – Revenue, 2021–2024 (US$ Million) – by Application
- Table 10. Nigeria Ultrasound Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application
- Table 11. Nigeria Ultrasound Market – Revenue, 2021–2024 (US$ Million) – by End User
- Table 12. Nigeria Ultrasound Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
- Table 13. List of Abbreviations
- TABLE OF FIGURES
- Figure 1. Impact Analysis of Drivers and Restraints
- Figure 2. Nigeria Ultrasound Market Revenue, (US$ Million), 2021–2031
- Figure 3. Heat Map Analysis by Key Players
- Figure 4. Company Positioning and Concentration
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