Ultrasound Devices Market Is Anticipated to Grow at a Significant Rate by 2023

Ultrasound is a mature and widely used medical diagnostic technique that allows examination of different parts of a human body. Ultrasound emits high-frequency sound waves directed toward human body parts. A number of conventional ultrasonic instruments, devices, and sophisticated software are commercialized and used for medical applications.


Albany, NY -- (SBWIRE) -- 09/21/2016 -- Ultrasound devices are used as both diagnostic imaging and therapeutic modality, and has wide range of applications in the medical field. This report on the global ultrasound device market analyses the current and future prospects of the market. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments and sub-segments. This section also provides the overall information and data analysis of the global ultrasound device market with respect to the leading market segments based on type of product, technology, and geography.

The market overview section of the report includes qualitative analysis of the overall ultrasound device market, including the factors determining the market dynamics such as drivers, restraints and opportunities, along with Porter's Five Forces Analysis. Additionally, various analyses such as market attractiveness analysis by geography and competitive landscape by key players has been provided. The market attractiveness analysis explains the intensity of competition in the market in different geographies. The competitive scenario between different market players is evaluated through market share analysis. These factors would help the market players to take strategic decisions in order to strengthen their positions and expand their share in the global market.

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The global ultrasound device market has been segmented based on product type, technology, and geography. Based on product type, the ultrasound devices market has been categorized into two major segments: cart/trolley based and compact ultrasound devices. Based on technology, the global ultrasound device market has been segmented into five types: 2-D ultrasound imaging, 3-D and 4-D ultrasound imaging, Doppler ultrasound imaging, high intensity focused ultrasound (HIFU), and lithotripsy ultrasound imaging. Based on application, the market has been segmented into radiology, obstetrics and gynecology, cardiovascular, gastroenterology, and other applications. Market revenue in terms of US$ Mn and installed base in terms of Units for the period between 2013 and 2023 along with the compound annual growth rate (CAGR %) from 2015 to 2023 are provided for all the segments, considering 2014 as the base year.

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Geographically, the ultrasound devices market has been categorized into four regions: North America, Europe, Asia Pacific, and Rest of the World (RoW). North America comprises the U.S. and Canada. Europe constitutes Germany, the U.K., and Rest of Europe. Asia Pacific comprises China, Japan, and Rest of Asia Pacific. Rest of the World constitutes Latin America and Middle East & Africa. The recommendations section included in the report would assist existing players to expand their market share and new companies to establish their presence in the ultrasound devices market. The report also profiles major players in the ultrasound devices market based on various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments. Major players profiled in this report include GE Healthcare, FUJIFILM Holdings Corporation, Koninklijke Philips N.V., Mindray Medical Corporation, Esaote SpA, and Analogic Corporation.

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