Ultrasound Devices Market Present Chances, Trends, Value Chain And Stakeholder A

Posted by satish on May 10th, 2019

Ultrasound devices are imaging machines that use sound waves to generate pictures of the internal body structures to find a source of disease or malfunction in various body organs such as tendons, joints, muscles, blood vessels, and others. Ultrasound devices are also used at a significant number for examining pregnant women and the brain and other functionalities of the infants. These devices offer great level of assistance in medical imaging as the ultrasound waves are non-invasive, safe, and do not make use of ionizing radiation. Ultrasound devices used in imaging are mainly classified in five different types that include 2D Ultrasound, 3D Ultrasound, 4D Ultrasound, Doppler Ultrasound, and High Intensity Focused Ultrasound Devices. The 2D ultrasound devices are the most commonly used in practice that provides flat, two-dimensional, black, and white images of internal body parts and infants in pregnant women.

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Market Dynamics

The major factor driving the growth of global ultrasound devices market is the rise in incidence and prevalence rates of chronic diseases that demand medical imaging for its diagnosis and treatment monitoring. For instance, according to a data by Centers for Disease Control and Prevention (CDC), chronic diseases are responsible for 7 out of 10 deaths in the U.S., a majority of these diseases are diagnosed with the help of medical imaging such as ultrasound imaging. Various factors driving the global ultrasound market include technological advancements in ultrasound imaging such as 4D and high frequency focused ultrasound devices, rise in number of diagnostic imaging procedures, and increasing awareness among people regarding the importance of early disease diagnosis as a preventive measure. However, stringent FDA regulations and lack of skilled and experienced personnel to operate these devices are restraining the market growth.

Key features of the study:

  • This report provides in-depth analysis of ultrasound devices market, market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2017–2025), considering 2017 as the base year

  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market

  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by the leading players

Detailed Segmentation:

  • Global Ultrasound devices Market, By Product Type:

    • 2D Ultrasound

    • 3D Ultrasound

    • 4D Ultrasound

    • Doppler Ultrasound

    • High Intensity Focused Ultrasound

Increasing number of pregnancies to boost the growth of global ultrasound devices market

The rise in number of child births every consistent year is one of major factors promoting the use of ultrasound devices as the development of the child in the womb is usually monitored with the help of ultrasound imaging. According to the Centers for Disease Control and Prevention (CDC), the total number of births in the U.S. accounted for 3,978,497 in 2016. The birth rate in the U.S. was 12.4 births per 1,000 population and thus obstetrics and gynecology contributes a significant share in the global ultrasound devices market. Technological advancements in automated medical imaging tools and software have changes the conventional way of performing ultrasound imaging.

Technological advancements in the hand-pieces segment to propel the growth of global ultrasound devices market

Market players are focused towards providing advanced ultrasound devices to the consumers that include updated technologies and improvements in workflow and image quality. For instance, Esaote SpA launched new CrystaLine imaging technology at American College of Cardiology (ACC) meeting in March 2014 that exhibits improved diagnostic efficacy and ability to personalize image quality for each patient. This technology contained several workflow enhancements that are helpful for clinicians to manage the increasing influx of patients. Some of the major players operating the global ultrasound devices market include GE Healthcare, Koninklijke Philips N.V., Toshiba Medical Corporation, Hitachi Medical Corporation, Analogic Corporation, Fujifilm Corporation, Siemens Healthcare, Samsung Medison Co. Ltd., and Esaote S.p.A.

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