2019 Industry Insights on Diagnostic Ultrasound Market| Key Players: GE Healthcare, Mindray, Esaote, Analogic, Toshiba Medical Research Institute USA, Inc. (TMRU)

The Diagnostic Ultrasound Market is set to exceed USD 7 billion by 2024; according to a new research study published by Global Market Insights, Inc.

Growing geriatric population base along with increasing chronic disease incidence rates will drive diagnostic ultrasound market growth over the forecast period. Higher susceptibility of the elderly towards certain orthopedic ailments and chronic diseases will boost ultrasound demand as the technology facilitates management of these disease conditions on an ongoing basis. For instance, a patient with prostatic hypertrophy started on certain medications which could possibly worsen bladder emptying can be monitored with ultrasound after initiation of medication.

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Demand for devices with 3D and 4D technology will grow at a rapid rate over the forecast timeframe. 3D scan is achieved by scanning the tissue cross sections at various angles while 4D scans add the fourth dimension of movement to create an enhanced image. The decreased patient waiting time achieved using this technology because of its faster scan time and the ability to reveal abnormality not seen in conventional 2D scans are the prime factors stimulating demand. Furthermore, 3D and 4D scan provide a better anatomical view as compared to the traditional 2D technology and lead to complete examination through increased perspective from volume data.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Telemed Providers
• SIUI NDT
• Shenzhen Landwind Industry Co. Ltd.
• VINNO Spain FUKUDA DENSHI USA Inc
• Sunway Medical Centre
• GE Healthcare
• Mindray
• Esaote
• Analogic
• Toshiba Medical Research Institute USA, Inc. (TMRU)
• Hitachi Medical Systems Europe
• CHISON Ultrasound Manufacturer

Compact or handheld diagnostic ultrasound systems are poised to witness fastest growth over the forecast years. These devices enable medical professionals to bring the point of care to the patients rather than taking the patients to the scanner leading to higher patient convenience.
Trolley diagnostic ultrasound systems held significant industry share. Advantages of these devices over compact systems such as better image quality, enhanced interface and more features coupled with longer product lifespan fuel segment growth. However, high cost of these devices coupled with need for larger space hampers adoption.

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• One of the most notable manufacturers of diagnostic ultrasound systems, Samsung Medison has recently unveiled RS85, the latest ultrasonic machine equipped with enhanced functions that primarily aims to cater large medical institutions. RS85 comes with progressive functions such as MV-Flow that aids in identifying lesions by displaying the blood flow in microvascular tissues, something which traditional Doppler ultrasound technique could not achieve. The machine also has S-Shearwave Imaging that utilizes transverse elasticity to gauge the elasticity of human tissues, eventually enhancing the accuracy of tumor diagnosis.

• Hitachi Medical Systems Europe, a subsidiary of Hitachi Medical Corporation, has recently introduced its latest 2D/4D cardiovascular ultrasound system named as LISENDO 880. The premium vascular and cardiac imaging system offers state-of-the-art transducer technology along with an advanced OLED display, and a unique analysis package that ensures reliable cardiac hemodynamic evaluations. With these characteristics, LISENDO 880 is said to have shifted cardiac assessments to a new level. Launching of such highly innovative products is likely to encourage other industry players to focus on releasing enhanced products pertaining to cardiovascular imaging, which is estimated to have held a significant portion of the total diagnostic ultrasound industry share in the recent years.

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Chapter 3 Ultrasound Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 – 2024
3.3 Industry impact forces

3.3.1 Growth drivers
3.3.1.1 Growing geriatric population base
3.3.1.2 Increasing chronic disease incidence in Asia Pacific
3.3.1.3 Increasing birth rates in developing countries
3.3.1.4 Technological innovations and advancements

3.3.2 Industry pitfalls & challenges
3.3.2.1 Dearth of skilled professionals especially in UK, Canada and Australia
3.3.2.2 Barriers impeding use of ultrasound in developing economies

3.4 Growth potential analysis
3.4.1 By technology
3.4.2 By portability
3.4.3 By application

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