Ultrasound Market Size, Share, Analysis, Trends and Forecast - 2021

From: MarketsandMarkets
Published: Mon Sep 24 2018


Increasing global prevalence of targeted diseases to drive the market demand for ultrasound devices to reach USD 6.86 billion by 2021

The global ultrasound market is segmented by technology, device display, device portability, application, end user, and region. Based on technology, the market is segmented into diagnostic ultrasound (comprising 2D, 3D & 4D, Doppler Ultrasound), and therapeutic ultrasound (comprising High-Intensity Focused Ultrasound [HIFU], and Extracorporeal Shockwave Lithotripsy [ESWL]). The therapeutic ultrasound technology segment is expected to witness the highest growth rate during the forecast period; owing to factors such as the growing number of cancer and cardiological diseases on a global level, growing HIFU-focused clinical trials, and growing preference for minimally invasive techniques over the conventional techniques.

The global market is projected to reach USD 6.86 billion by 2021 at a CAGR of 5.2% during forecast period. The major factors driving the growth of the market include ongoing technological advancements; rising prevalence of targeted diseases; growing patient preference for minimal invasive procedures; increased public-private investments, funding, and grants in the field of ultrasound; rising birth rate/fertility rate (especially among emerging countries). In addition, emerging markets (such as China and India) are poised to offer new growth opportunities for key market players during the next decade.

https://www.marketsandmarkets.com/Market-Reports/ultrasound-market-467.html

As of 2015, General Electric Company (U.S.) held the leadership position in the global market. Over the past three years, the company has adopted new product launches, product approvals, product enhancements; strategic acquisitions and agreements as its key business strategies to ensure its global dominance in this market.

The other key players in the market include Koninklijke Philips N.V. (Netherlands), Toshiba Corporation (Japan), Siemens AG (Germany), Hitachi Ltd. (Japan), Samsung Electronics Co., Ltd. (South Korea), FUJIFILM Holdings Corporation (Japan), Esaote S.p.A. (Italy), Mindray Medical International Ltd. (China), and Analogic Corporation (U.S.), among others.

Increasing R&D programs focused on the clinical evaluation of trolley-based/cart-based ultrasound in disease therapies to drive the global demand for Trolley/Cart-Based Ultrasound Devices

PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=467

Trolley-based ultrasound devices are most commonly used in hospitals and clinics. They are wheeled devices that can be moved over a short distance, mostly within a building or a floor. A conventional cart-based ultrasound system encompasses one or more transducer probes for different anatomies and applications (such as pediatric, abdominal, and transrectal applications).

In 2016, the trolley/cart-based ultrasound devices segment accounted for a share of 73.8% of the market. The growth in this segment is attributed to factors such as; growing number of partnerships and agreements among leading ultrasound manufacturers and regional distributors (aimed to expand their existing product distribution networks and market adoption of specific products); increasing R&D programs focused on the clinical evaluation of trolley-based/cart-based ultrasound in disease therapies; the expanding applications of these devices; and growing market acceptability and availability of refurbished cart-based ultrasound devices.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
Company: MarketsandMarkets
Contact Name: 1marketsandmarkets
Contact Email: debashish.roy@marketsandmarkets.com
Contact Phone: 1-888-600-6441

Visit website »