Global Ultrasound Imaging Devices Market, By Technology (Diagnostic Imaging, Therapeutic, 2D, 3D/4D Ultrasound Imaging, High Intensity Focused Ultrasound); Application (Radiology, Obstetrics and Gynecology, Cardiovascular, Gastroenterology, Other); Device Display (Color Ultrasound Imaging Devices And Black & White (B/W) Ultrasound Imaging Devices.); End-Users (Hospitals, Academia, Ambulatory, Diagnostic Center); Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa)- Industry Trends and Forecast to 2024
Ultrasound Imaging Devices Market Analysis:
The Ultrasound Imaging Devices Market accounted to USD 4.2 billion in 2016 growing at a CAGR of 5.9% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Ultrasound imaging is a medical imaging device used to visualize liver, kidneys, blood vessels, heart, human fetus, and other organs. It uses high-frequency sound waves to visualize the internal organs of the body without the use of invasive techniques.
Major Market Drivers and Restraints:
- Increase in prevalence & incidence rates of chronic diseases
- Growing demand for minimal invasive therapies
- Increase in number of ultrasound diagnostic imaging procedures
- Technological developments
- Rise in public & private investments
- Lack of skilled sonographers
Ultrasound Imaging Devices Market Segmentation:
By technology, the market for ultrasound imaging devices is segmented into diagnostic, therapeutic, 2d, 3d/4d ultrasound imaging, high intensity focused ultrasound.
On the basis of application, the market is segmented into radiology, obstetrics and gynecology, cardiovascular, gastroenterology, other. By device display the segmentation of the market is color ultrasound imaging devices, and black & white (b/w) ultrasound imaging devices. On the basis of end-users the ultrasound imaging devices market is segmented into hospitals, academia, ambulatory, diagnostic center.
On the basis of geography, ultrasound imaging devices market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Ultrasound Imaging Devices Market Competitive Analysis:
The ultrasound imaging devices market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ultrasound imaging devices market for global, Europe, North America, Asia Pacific and South America.
Ultrasound Imaging Devices Market Major Market Competitors:
Some of the major players operating in ultrasound imaging devices market are Analogic Corporation, Esaote SpA, FUJIFILM Corporation, FUKUDA DENSHI, General Electric Company, Hitachi, Ltd., Koninklijke Philips N.V., Mindray (a subsidiary of Shenzhen Mindray Bio-Medical Electronics Co., Ltd.), Shantou Institute Of Ultrasonic Instruments Co., Ltd, Samsung Medison Co. Ltd., Siemens Healthcare, Toshiba Corporation, and Trivitron Healthcare among others.
Ultrasound Imaging Devices Market Research Methodology:
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or drop down your inquiry.
Demand Side Primary Contributors: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.