Ultrasound Market Size Estimated to Reach 6.54 Billion by 2021 with Leading Players - Analogic Corporation, Esaote SpA, Fujifilm Corporation, General Electric Company, Hitachi, Ltd., Koninklijke Philips N.V., Mindray Medical International Limited, Samsung

Ultrasound Market Size and Growth Rate:

According to our Research Report, the Ultrasound Market Size is estimated to reach USD 6.54 Billion by 2021 at CAGR of 5.1% during the forecast period.

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Ultrasound Market Overview:

The ultrasound market is projected to have a dominant growth in the forecast period compared to the past years. Ultrasound has a limited frequency of sound waves used to detect the objects. In the medical sector, the ultrasound imaging is the most widely used application to view the image of the internal organs, for example, it helps in viewing the image of a fetus in the womb.
Chemical industries are making the use of the ultrasound to clean or mix the chemical process. These devices are made of sensors for varied applications and need not to require any contact with the target to for transmitting signals. Industrially, these testing are performed to known the flaws in materials and to measure the thickness and also find the distance of the objects.

Ultrasound Market Growth Drivers and Restraints:

The growing incidences of chronic diseases and other health disorders are the key driving factors for the ultrasound market to grow extensively. The government investments in developing the health care infrastructure with well-equipped devices are additionally fueling the growth of the market.
However, the cost for installation and maintenance of the ultrasound devices is relatively high, which is hindering the growth of the market. The challenging thing in the ultrasound market is lack of expertise in monitoring and analyzing the data from the systems.

The advanced technology is greatly impacting on the development of portable devices which are successfully surging the growth opportunities for the market. The lowering of side effects by implementing contactless ultrasound imaging in the medical sector is expected to create a huge demand in this market.

Geographical Segmentation of the Ultrasound Market:

Geographically, the ultrasound market is bifurcated into North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa. North America is anticipated to lead with the highest shares of the market, owing to increased health disorders and launching various applications with innovatively. The Asia Pacific is expected to register a noteworthy share of the market with the increasing geriatric population along with the chronic diseases. Europe and Middle East & Africa regions are accounted to witness the dominant shares of the market in the near future.

key players of the Ultrasound Market:

Some of the key players in the global ultrasound market are Analogic Corporation, Esaote SpA, Fujifilm Corporation, General Electric Company, Hitachi, Ltd., Koninklijke Philips N.V., Mindray Medical International Limited, Samsung Medison Co. Ltd., Siemens Healthcare, and Toshiba Corporation.

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Ultrasound Market – Key Segmentation:

By Technology:

• Diagnostics
• therapeutics ultrasound

By Device:

• trolley/cart-based
• compact/handheld

By Application:

• radiology/general imaging
• obstetrics/gynecology
• cardiology
• urology
• vascular

By Region:

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa

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