Albany, NY -- (SBWIRE) -- 04/23/2019 -- Ultrasound Devices Market – Overview
The market for ultrasound devices is expanding significantly, due to increase in advancements in treating complex diseases. Ultrasound devices are used as both diagnostic imaging and therapeutic modality, and have wide range of applications in the medical field. The diagnostic ultrasound segment is anticipated to expand during the forecast period, as the products have provided a promising solution for rapid diagnosis of disease. These products offer superior solution than other imagine products, by offering desired outcome and effectiveness in diagnosing. Increasing incidences of chronic diseases has fueled the demand for products that offer rapid and efficient healing. Thus, a majority of hospitals have shifted their preferences toward advanced products. They help decrease the average length of stay in hospitals through early recovery from disease. This, in turn, helps reduce surgical costs, due to decreased length of hospital stay. Therefore, rising need and demand for advanced products that increase therapeutic outcome drives the ultrasound devices market.
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The global ultrasound devices market has been extensively analyzed based on technology, portability, application, end-user, and region. In terms of technology, the market has been bifurcated into diagnostic ultrasound and therapeutic ultrasound. The diagnostic ultrasound segment has been further sub-segmented into 2D ultrasound, 3D & 4D ultrasound, and Doppler ultrasound. The therapeutic ultrasound segment has been further segregated into high-intensity focused ultrasound and extracorporeal shockwave lithotripsy. Based on portability, the global ultrasound devices market has been classified into trolley/cart-based ultrasound devices and compact/handheld ultrasound devices. Based on application, the global ultrasound devices market has been segmented into radiology/general imaging, cardiology, gynecology, vascular, urology, and others. In terms of end-user, the global ultrasound devices market has been divided into hospital & surgical centers, diagnostic centers, ambulatory surgical centers, and others. Each of the segments has been analyzed in detail for market trends, recent developments, outlook, and opportunities. The report provides current and future market size for each segment and sub-segment for the period from 2018 to 2026, in terms of revenue in US$ Mn, considering 2016 and 2017 as the base years. The compound annual growth rate (%CAGR) for each market segment has been provided for the forecast period from 2018 to 2026 along with the estimations of market size.
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Cost-effective ultrasound devices to detect complex disorders to drive global market
Increase in number of cases of various disorders, across the globe, drives the ultrasound devices market. According to the WHO, cardiovascular diseases accounted for an estimated 17.7 million deaths in 2015, representing 31% of all global deaths. Among these, an estimated 7.4 million were due to coronary heart disease, and 6.7 million were due to stroke. This is likely to increase the number of diagnostic procedures; consequently, propelling the global ultrasound devices market.
Compact/Handheld ultrasound devices to be highly lucrative segment
Compact/handheld ultrasound devices is an emerging segment of the ultrasound devices market. The compact/handheld ultrasound devices segment is likely to expand at a significant CAGR. Moreover, the trolley/cart-based ultrasound devices segment is likely to hold a major share due to technologically advanced product adopted by diagnostic centers. Moreover, increased adoption of portable ultrasound devices for point-of-care applications, it cannot outpace the trolley/cart based ultrasound devices, as they offer more accurate diagnostic capabilities and high performance.
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