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Ultrasound Devices Market is expected to register a CAGR of about 4.0% during the forecast period (2018-2023)| Dominant Vendors - HITACHI MEDICAL CORPORATION, PHILIPS HEALTHCARE, GE HEALTHCARE, SIEMENS HEALTHINEERS, amongst others

02-19-2019 07:56 PM CET | Health & Medicine

Press release from: Market Prognosis

Market Analysis:

North America to Dominate the Market
Due to the advancements in the ultrasound technology, growth in the need for accurate and early diagnosis, and improvement in healthcare infrastructure, North America is dominating the global market.

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Ultrasound is a medical imaging modality that uses high-frequency sound waves, to visualize internal organs of the body. The governments across the world are focusing on the promotion and support of the industrial research. Several tax incentives have been provided to industries to establish R&D units, with highly improved imaging facilities, especially in ultrasound. The long-term goal of these initiatives is to develop innovative, disruptive, safe, non-invasive ultrasound technologies that enable or enhance interventional therapies for the treatment of diseases, injuries, abnormalities, and other conditions. Additionally, increasing number of healthcare providers, technological advancements, and rising incidences of chronic diseases are some of the other factors that contribute to the market growth.

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Market Segments:
Ultrasound Devices Market is segmented by:
1. Application: Anesthesiology, Cardiology, Gynecology/Obstetrics, Musculoskeletal, Radiology, Emergency Department, Critical Care, Others
2. Technology: 2D Ultrasound Imaging, 3D and 4D Ultrasound Imaging, Doppler Imaging, High-intensity Focused Ultrasound
3. Type: Stationary Ultrasound, Portable Ultrasound
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

The stringent FDA regulations and other similar guidelines from various countries are restraining the global ultrasound devices market growth. Additionally, lack of skilled labor, to handle the advance equipment, is also restraining the ultrasound devices market growth.

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