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Ultrasound Device Market - Geographical Opportunities and Growth Analysis

05-02-2018 06:09 AM CET | Health & Medicine

Press release from: P&S MARKET RESEARCH

Ultrasound Device Market - Geographical Opportunities

The global ultrasound device market was valued at $6,014.4 million in 2015, and it is expected to grow at a CAGR of 5.5% during 2016-2022.
Based on portability of ultrasound, the portable/compact/handheld ultrasound segment is expected to witness the faster growth at a CAGR of 8.8%, during the forecast period.

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Ultrasound is a sound with frequencies higher than about 20 kHz. It moves in a wavelike manner through which it travels. The waves travel with different speed in different medium. The medical ultrasound system operates at higher frequencies, typically 1-10 MHz.

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Stringent regulatory requirements for the approval of ultrasound devices, is inhibiting the growth of the global market. Geographically, Europe dominated the global market of ultrasound device in 2015; whereas the Asia-Pacific market is expected to witness the fastest growth, a CAGR of 6.3%, during the forecast period.

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Some of the key companies operating in the global ultrasound device market include Siemens AG, Koninklijke Philips N.V., General Electric Company, Hitachi Ltd., Toshiba Corporation, Analogic Corporation, FUJIFILM Holdings Corporation, Mindray Medical International Ltd., and Esaote SpA.

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P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports, business intelligence and research-based consulting services across a range of industries.
With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions.

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