A recent report published by Infinium Global Research on
ultrasound devices market provides an in-depth analysis of segments and sub-segments
in the global as well as regional ultrasound devices market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional ultrasound devices market over the short term as well as
long term. The report is a comprehensive presentation of trends, forecast and
dollar values of the global ultrasound devices market. According to the report, the
global ultrasound devices market is projected to grow at a CAGR of 5.2% over
the forecast period of 2019-2025.
An ultrasound device creates images of the organs inside the body
that the letter used for the medical examination. The machine uses
high-frequency sound waves, which reflect off body structures. A computer
receives the waves and uses them to create a picture. Ultrasound devices are
useful in the detection of developing a fetus (unborn baby), a person's abdominal
and pelvic organs, muscles and tendons, or their heart and blood vessels.
Increasing cases of chronic diseases are one of the major factors
contributing to the growth of the market. The prevalence of chronic diseases
such as cancer, brain disorders, and cardiovascular diseases has increased with
a significant rate in the last decade. Early detection of the symptoms of
diseases in such a situation becomes important to treat the patient with the
right medicines, here the ultrasound devices play an important role. Moreover
growing disease diagnosis rates all over the world is another major factor
contributing to the growth of the market, one of the common reasons for this is
a rising rate of childbirth in developing countries. Additionally, a rising
number of routine medical checkups and an increasing number of detection for
cancer tumors, abnormal tissue growth, kidney stones, and liver functioning are
also contributing to the growth of the market. On the other hand, the high cost
associated with the instruments and lack of trained technicians can hamper the
growth of the market. However, rising awareness about chronic diseases and
early diagnosis of the disease will provide better opportunities to the market.
Geographically, the ultrasound devices market is segmented into
North America, Europe, Asia-Pacific, and Row. North America dominates the
global market and anticipated to stay on top of the forecast period. Rising
funding from government and private sectors for the technological advancements
of ultrasonic devices, improved healthcare infrastructure and the presence of
big market players are contributing to the growth of the market. The market in
Europe is anticipated to grow at a significant rate in the forecast period.
Asia-Pacific region is expected to grow at a high CAGR. Growing awareness about
early detection of disease, improving health care infrastructure and large
patient pool is contributing to the growth of the market.
The report on the global ultrasound devices market covers segments
such as technology, portability, application, and end user. On the basis of
technology, the sub-markets include diagnostic ultrasound, and therapeutic
ultrasound. On the basis of portability, the sub-markets include
trolley/cart-based ultrasound devices, and compact/handheld ultrasound devices.
On the basis of application, the sub-markets include radiology/general imaging,
cardiology, gynecology, vascular, urology, and other application. On the basis
of end user, the sub-markets include hospital and surgical centers, diagnostic
centers, ambulatory surgical centers, and other end users.
The report provides profiles of the companies in the market such
as Fujifilm Sonosite, Inc., GE Healthcare, Hitachi Ltd, Fukuda Denshi, Shenzhen
Mindray, Canon Medical Systems Corporation, Koninklijke Philips N.V., Samsung
Medical, Siemens Healthineers, Mindray Medical International Limited, and other
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of the ultrasound
devices market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.