Ultrasound Consoles and Transducers Market Segmentation By Component Consoles, Transducers; By End User Clinics, Hospitals
The progression of scientific innovations complemented by the increasing demand for advanced healthcare instruments has resulted into the introduction of various healthcare devices such as ultrasonic devices, diagnostic instruments, medical imaging systems, etc.
Since the inception of ultrasound consoles and transducers, a high adoption of the same was witnessed across the globe, especially in developed countries. Ultrasound consoles and transducers are majorly adopted by sonographers for undergoing their sonography, sometimes even termed as ultrasonography. Both, ultrasound consoles and transducers are used in conjunction, for enabling the whole medical imaging process generation.
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The ultrasound consoles and transducers market has witnessed considerable traction in the past four years, in terms of value. In addition to this, the ultrasound consoles and transducers market is further expected to exhibit a significant growth rate during the forecast period, owing to the increasing demand for ultrasonic-based medical devices in the healthcare industry.
Ultrasound Consoles and Transducers Market: Market Dynamics
The high demand for ultrasound consoles and transducers from the healthcare industry lies corresponding to the advantages associated with them, such as enhanced efficiency, higher image quality, etc. Continuous advancements and adoption of ultrasonic-based devices, globally, are expected to impact the growth of the global ultrasound consoles and transducers market. Complementing this, increasing awareness about ultrasound consoles and transducers, globally, amongst end users, is further expected to boost the demand for the same. Besides this, the expanding healthcare industry, in terms of value, is expected to be the basic driver for the global ultrasound consoles and transducers market.
Owing to the high growth opportunity in developing countries such as India, China, Brazil, etc., various ultrasound console and transducer vendors are expected to invest in these regions to expand their presence in the global ultrasound consoles and transducers market.
One of the recent trends witnessed in the global ultrasound consoles and transducers market is enabling the application of ultrasound consoles and transducers in tight premium spaces within hospitals, such as in operating rooms, by reducing the size of the product by offering more compact ultrasound consoles and transducers.
However, the high cost associated with ultrasound consoles and transducers is considered to be a major factor challenging the adoption of the same across some countries.
Ultrasound Consoles and Transducers Market: Key Players
Some of the key players in the ultrasound consoles and transducers market are Hitachi, Ltd., Abbott, General Electric Company, NIHON DEMPA KOGYO CO., LTD., Philips NV, Ultrasonix, Esaote SpA, Siemens AG, and a few others.
Out of the various players, Hitachi is expected to be one of the prominent players in the global ultrasound consoles and transducers market, and has been witnessed holding a significant market share in 2017.
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Ultrasound Consoles and Transducers Market: Regional Overview
By geography, the ultrasound consoles and transducers market can be segmented across North America, Latin America, Western Europe, Eastern Europe, China, Japan, SEA and Others in Asia Pacific, and Middle East & Africa. Among these regions, North America is expected to dominate the global ultrasound consoles and transducers market during the forecast period, owing to the presence of various technologically advanced hospitals and clinics adopting high-end healthcare equipment in the region. Asia Pacific (including Japan and China) and Europe are expected to follow North America in the global ultrasound consoles and transducers market, in terms of revenue.
However, North America is expected to dominate the global ultrasound consoles and transducers market throughout the forecast period. China is however expected to exhibit the highest growth rate during the forecast period in the global ultrasound consoles and transducers market. Besides this, Latin America is also expected to witness a considerable growth rate during the forecast period in the ultrasound consoles and transducers market.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, component, and end user.
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