The Ultrasound Device Market was valued at US$ 6.5 Bn in 2018. It is anticipated to expand at a CAGR of +5% from 2019 to 2026.
An ultrasound scan uses high-frequency sound waves to create images of the inside of the body. Ultrasound scans, or sonography, are safe because they use sound waves or echoes to make an image, instead of radiation.
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Key players operating in the ultrasound devices market include GE Healthcare, Koninklijke Philips N.V., Canon Medical Systems Corporation, Hitachi, Ltd., Siemens Healthineers, Mindray Medical International Limited, Samsung Medison Co., Ltd., Fujifilm Holdings Corporation, Esaote SpA, and Analogic Corporation.
The Ultrasound Device Market is primarily driven by rigorous technological advancements, increasing preference for ultrasound devices with portability, and rising demand for data storage and data sharing to remote locations. On the other hand, the global ultraportable ultrasound devices market is likely to be hampered by the stringent regulatory landscape and intellectual property rights (IPR) laws.
The Ultrasound Device Market has been segmented based on technology, portability, application, end-user, and region. In terms of technology, the global market has been bifurcated into diagnostic ultrasound and therapeutic ultrasound. The diagnostic ultrasound segment has been further sub-segmented into 2D ultrasound, 3D & 4D ultrasound, and Doppler ultrasound.
Geographically, the global ultrasound device market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe held a major share of the global ultraportable ultrasound devices market in 2018, owing to technological advancements and availability of reimbursements in these regions
The Asia Pacific is forecast to be the most attractive regional segment in the coming years, due to substantial modernization and expansion of healthcare infrastructure, and growing number of age-related illnesses. Additional drivers include increasing public consciousness about therapeutic aids offered by the technology and growing focus of global Ultrasound Device Market manufacturing companies on supporting their circulation networks in the Asia Pacific.
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As per the scope of the report, a diagnostic ultrasound, also known as sonography, is an imaging technique that uses high-frequency sound waves to produce images of the different structures inside the body. They are being utilized for the assessment of various conditions in the kidney, liver, and other abdominal conditions. They are also majorly used in chronic diseases, which include health conditions, such as heart disease, asthma, cancer, and diabetes.
The parameters of this Ultrasound Device Market report range from industry outlook, currency and pricing, value chain analysis, market overview, premium insights, key insights to the company profile of the key market players.
Major Factors about the Report:
- Global Ultrasound Device Market Overview
- Economic Impact on Market
- Market Competition
- Global Ultrasound Device Market Analysis by Application
- Industrial Chain, Sourcing Strategy and Downstream Buyers
- Marketing Strategy Analysis, Distributors/Traders
- Global Market Effect, Factors, Analysis
- Global Market Forecast
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