Ultrasound Devices Industry

Posted by Rohit Kamble on November 26th, 2019

Ultrasound devices work by sending out high-frequency sound waves that provide a picture of the targeted area based on the response of various bodily tissues to the sound waves.

The global Ultrasound Devices Industry is expected to exhibit a strong 8.1% CAGR over the forecast period,

Ultrasound Devices Industry Segmentation:

The Global Ultrasound Devices Market is segmented by application into diagnostic and therapeutic. The diagnostic application segment holds a dominant share of 68% in the global Ultrasound Devices Industry and is likely to remain the leading contributor over the forecast period.

On the basis of branch of medicine, the Ultrasound Devices Industry is segmented into radiology, OB/GYN, cardiac, and others.

By product type, the global Ultrasound Devices Industry is segmented into cart-based and portable.

By end user, the global Ultrasound Devices Industry is segmented into hospitals/clinics and ambulatory care centers.

Ultrasound Devices Industry Competitive Analysis:

Leading players in the global Ultrasound Devices Industry include Siemens AG, GE, Hitachi Ltd., Shimadzu Corporation, Analogic Corporation, Mindray Medical International Ltd., Toshiba Corporation, Samsung Electronics Co. Ltd., and Koninklijke Philips NV.

In March 2019, security specialist Check Point Software Technologies said in a report that ultrasound devices running on older operating systems such as Windows 2000 were virtually defenseless against modern hackers, which could result in the hackers gaining access to confidential hospital information and making exorbitant ransom demands on the hospital. Eliminating this threat is likely to be top of the agenda for the leading players in the global Ultrasound Devices Industry over the forecast period.

The growing demand for more advanced ultrasound devices in the gynecology sector is likely to be a major driver for the global Ultrasound Devices Industry over the forecast period. The development of 3D and 4D ultrasound imaging has allowed for the diagnosis of congenital defects clearly and earlier in the pregnancy, which has made the procedures widely popular in the healthcare sector around the world. 4D imaging also allows live action viewing of the fetus, which allows physicians to detect more abnormalities. This is likely to be a major driver for the global Ultrasound Devices Industry over the forecast period.

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