As per the report published, the size of the Global Ultrasound devices market has been estimated at USD 6.42 Million in 2019 and is projected to reach USD 8.47 Billion by 2024, at a CAGR of 5.7% during the forecast period from 2019 to 2024.
Ultrasound is a medical imaging modality that uses high-frequency sound waves to visualize the internal organs of the body. Ultrasound devices find their application in radiology/general imaging, obstetrics/gynecology, cardiology, urology, vascular, and other emergency clinical areas such as emergency medicines, anesthesiology, and musculoskeletal. Cost-effectiveness, safety, high accessibility, and clinical value in preliminary diagnosis is strengthening the technology value proposition in technological advancements in the ultrasound market.
An increase in the number of diagnostic imaging procedures and rising awareness for early diagnosis of clinical disorders are anticipated to further drive the demand for ultrasound devices.
However, the dearth of skilled and experienced sonographers and technological limitations of ultrasound systems are some of the factors restricting the market growth.
REPORT COVERAGE
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REPORT METRIC |
DETAILS |
|
Market Size Available |
2018 – 2024 |
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Base Year |
2018 |
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Forecast Period |
2019 - 2024 |
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Segments Covered |
By Waste, End-User, Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
ZenRobotics, Sadako Technologies, AMP Robotics, Waste Robotics, Alpine Waste & Recycling and Resource Recycling, Bollegraaf, HOMAG, TOMRA, Pellenc ST, RES Polyflow and Optisort |
Global market for Ultrasound devices is segmented based on Technology, Device Display, Portability, and Application.
Ultrasound Devices Market Analysis – By Technology
Ultrasound Devices Market Analysis – By Device Display
Ultrasound Devices Market Analysis - By Portability
On the basis of portability, the trolley/cart-based ultrasound devices segment is expected to account for the largest share of the global ultrasound market in 2018; whereas, the compact/handheld ultrasound devices segment is expected to grow at the highest CAGR during the forecast period.
Ultrasound Devices Market Analysis - By Application
On the basis of application, the Cardiology application is expected to be the fastest-growing segment during the forecast period owing to the rising incidence of cardiac diseases across the globe.
Regional Analysis:
Europe accounts for the largest share of the global ultrasound market, followed by North America. Factors such as an increase in the number of products being commercialized and expansion in clinical applications of HIFU are driving the market in the European region. However, Asia-Pacific is poised to be the fastest-growing region in the market during the forecast period, owing to significant expansion and modernization of the healthcare infrastructure.
Top companies in the market
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.) are some of the key players in the global ultrasound devices market.
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 By Technology
5.1.1 Diagnostic ultrasound
5.1.1.1 2D ultrasound
5.1.1.2 3D & 4D ultrasound
5.1.1.3 Doppler ultrasound
5.1.2 Therapeutic ultrasound
5.1.2.1 High-intensity focused ultrasound
5.1.2.2 Extracorporeal Shockwave Lithotripsy
5.2 By Device display
5.2.1 Color Ultrasound Devices
5.2.2 Black and White Ultrasound Devices
5.3 By Portability
5.3.1 Trolley/Cart-based Ultrasound Devices
5.3.2 Compact/Handheld Ultrasound Devices
5.4 By Application
5.4.1 Radiology/General Imaging
5.4.2 Cardiology
5.4.3 Obstetrics/Gynecology
5.4.4 Vascular
5.4.5 Urology
5.4.6 Other Applications
6. Geographical Analysis
6.1 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.2 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.3 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 South Korea
6.4 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Mexico
6.4.4 Rest of Latin America
6.5 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 General Electric Company
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 Koninklijke Philips N.V.
8.3 Toshiba Corporation
8.4 Siemens AG
8.5 Hitachi Ltd.
8.6 Samsung Electronics Co., Ltd.
8.7 FUJIFILM Holdings Corporation
8.8 Esaote S.p.A.
8.9 Mindray Medical International Ltd.
8.10 Analogic Corporation
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Expert Opinions
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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