Market Data Forecast

Market Data Forecast Says Ultrasound Devices Market Expects Huge Growth in Future Owing to Rising Awareness for Early Diagnosis of Clinical Disorders

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 MarketDataForecastā„¢, 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.

Browse Market Data Tables and Figures spread through 160 Pages and in-depth TOC on "Ultrasound Devices Market"

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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.)

The scope of the report provides:
The evaluation of the current market for your product or services and the future implications of the market
Addresses the opportunities by better understanding the market through size estimates and growth rate analysis to forecast the market for the future
Extensive segmentation to understand the dynamics of market at a very granular level by splitting down the market to the smallest segment
Addresses the key market dynamics involving the drivers, restraints and challenges with an aim of providing insights for gaining market share
The factors responsible for the shaping of the industry as it is as a result of competitive environment is analyzed through Porter's Five Forces
The effects of political, economic, social, technological, legal and environmental factors on the industry is analyzed through PESTLE analysis to better understand the aspects of strategic management required to comply with the exogenous and endogenous factors
Strategic evaluation of the key players to gain insights of their performance allowing access to their product portfolio, financial performance and the strengths of their business strategic developments
Comparative study of the firms across the industry measuring their performances based on market share and recent activities in order to achieve competitive intelligence
Equip you with the information providing with the investment opportunities in the industry
Looking for more? If you are in need of a specific research study, we have an expertise in undertaking a customized study and will aid to meet your research requirement to the fullest.

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