Owing to Increase in number of diagnostic imaging procedures the Global Ultrasound devices market is growing at a steady CAGR
Hyderabad, India -- (SBWIRE) -- 01/22/2018 -- According to a new market research report "Ultrasound Devices Market by Technology (Diagnostic Ultrasound, Therapeutic Ultrasound), by Device Display (Color Ultrasound Devices and Black, White Ultrasound Devices), by Portability (Trolley/Cart-based Ultrasound Devices, Compact/Handheld Ultrasound Devices), by Application (Radiology/General Imaging, Cardiology, Obstetrics/Gynecology, Vascular, Urology, Other Applications)- Global Forecast to 2022", published by MarketDataForecast™, the market is expected to reach USD 7.59 billion by 2022 from USD 5.75 billion in 2017, at a CAGR of 5.7%. Factors driving the growth of this market include the increasing accessibility, safeness, clinical value and cost effectiveness of the ultrasound devices owing to their higher portability and rapid technological innovation.
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Diagnostic Ultrasound are estimated to account for the largest market share in 2017
Based on Technology, the market is segmented as Diagnostic Ultrasound (2D Ultrasound,3D & 4D Ultrasound, Doppler Ultrasound) and Therapeutic Ultrasound (High-intensity Focused Ultrasound, Extracorporeal Shockwave Lithotripsy). Factors driving the growth of this segment include the wide
The black and white device display segment is expected to dominate the market in 2017
By Device Display, the market is segmented as Color Ultrasound Devices and Black and White Ultrasound Devices. By Portability, the market is segmented as Trolley/Cart-based Ultrasound Devices and Compact/Handheld Ultrasound Devices. The compact/handheld devices are expected to grow at the fastest rate owing to rapid technological innovation and the growing demand for such devices. The cart based devices and the black and white devices segment account for the largest market shares respectively.
Europe is estimated to command the largest share of the market
Based on region, the Ultrasound Devices Market is segmented into North America, Asia Pacific, Latin America, Europe, and Africa & Middle-East. Europe accounts for the largest share of the global ultrasound market, followed by North America. Factors such as increase in the number of products being commercialized and expansion in clinical applications of HIFU, are driving the market in the European region.
Key players in the Ultrasound Devices Market include General Electric Company (U.S.), 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.)
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