Press release
What's driving the Diagnostic Ultrasound Market trends? Koninklijke Philips, Analogic, Chison, Arthrex, C.R. Bard, Esaote, FujiFilm, GE Healthcare, Mobisante and Promed, Fukuda Denshi, Hitachi, Kalamed
Diagnostic Ultrasound Market
Diagnostic Ultrasound Market will exceed USD 7 billion by 2025; as per a new research report. Increasing prevalence of cardiac disease, liver diseases and other chronic diseases in low- and middle-income countries will stimulate diagnostic ultrasound market growth during the forthcoming years.
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Notable players operating in diagnostic ultrasound market includes Koninklijke Philips, Analogic, Chison, Arthrex, C.R. Bard, Esaote, FujiFilm, GE Healthcare, Mobisante and Promed, Fukuda Denshi, Hitachi and Kalamed. The major industry players adopt strategies such as mergers, acquisition and new product launch to sustain market position and broaden existing customer base.
Changing lifestyle habits such as alcohol and tobacco consumption, sedentary lifestyle and unhealthy diet will further support rise in chronic diseases thereby, augmenting business growth. According to WHO, more than 75% CVD deaths occur in low and middle-income countries. Adoption of diagnostic ultrasound in diagnosis of heart conditions, tumor, brain infections, stomach problems, abdominal cysts or abnormal growth of liver will further augment industry growth.
Increasing birth rates in countries such as Russia, China and Germany will serve to be another positive impact rendering factor that will drive business growth over analysis timeframe. Ultrasound scans provide medical practitioners with vital information pertaining to the progress of pregnancy and babyâ™s health. Capability of diagnostic ultrasound to detect anomalies in babyâ™s position and actions inside the motherâ™s womb will further propel industry growth.
2D imaging segment is expected to witness 2.7% CAGR during the forecast timeframe. High acceptance for 2D ultrasound technology in middle to lower income countries will augment the segmental growth. For instance, China and India are contributing substantially to medical imaging equipment market with an effort to create a modern healthcare system. Thus, growing acceptance for 2D techniques in developing economies will further propel segmental growth.
Trolley segment accounted for more than 70% revenue share in 2018. These systems have been conventionally used for diagnostic ultrasound examinations prior to the introduction of the portable systems. Better image quality, easy-to-use structure and built-in advanced features render these systems useful in medical practice. Trolley systems are more durable and require less technical assistance thus, driving segmental growth in developing and underdeveloped regions.
Obstetrics and gynecology segment accounted for over USD 1 billion in 2018. Growing adoption of real-time imaging in obstetrics and gynecology, especially for imaging mobile subjects, such as fetus heart or fetus as well as for quick viewing of an organ from different orientations will boost diagnostics ultrasound business growth.
Maternity centers segment held significant share in 2018 and is estimated to show 3.7% CAGR in the foreseeable future. Rising birth rate globally coupled with increasing complication in pregnancy and growing awareness towards safety of fetus will accelerate segmental growth over the forecast period. Moreover, growing access to ultrasound in maternity centers, rising availability of ultrasound services in developing countries and increasing emphasis on routine ultrasound during pregnancy will further spur revenue size.
Europe diagnostic ultrasound market will experience 2.6% CAGR during the analysis period. Increasing prevalence of chronic diseases coupled with rapidly ageing population in the region will drive Europe diagnostic ultrasound market growth. Moreover, high technological adoption and healthcare advancement in countries such as Germany will favor industry growth. Favorable reimbursement policies with respect to fetal ultrasound imaging as well as cancer screening will escalate regional business growth.
Asia Pacific diagnostic ultrasound devices market accounted for more than 35% revenue share in 2018 due to presence of large patient pool in the region. According to WHO by 2050, around 80% of elderly population will be living in low and middle-income countries. Rising geriatric population base prone to various chronic diseases will favor regional growth. Developing healthcare infrastructure and increasing healthcare spending will support Asia Pacific diagnostic ultrasound business growth over the forecast timeframe.
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Report Content
Chapter 1. Methodology
Chapter 2. Executive Summary
Chapter 3. Diagnostic Ultrasound Industry Insights
Chapter 4. Diagnostic Ultrasound Market, By Technology
Chapter 5. Diagnostic Ultrasound Market, By Portability
Chapter 6. Diagnostic Ultrasound Market, By Application
Chapter 7. Diagnostic Ultrasound Market, By End-user
Chapter 8. Diagnostic Ultrasound Market, By Region
Chapter 9. Company Profiles
9.1. Analogic Corporation
9.2. Arthrex, Inc.
9.3. Chison
9.4. C.R. Bard Inc.
9.5. Esaote SpA
9.6. FujiFilm Holdings Corporation
9.7. Fukuda Denshi
9.8. GE Healthcare
9.9. Hitachi
9.10. Kalamed GmbH
9.11. Koninklijke Philips N.V.
9.12. Mobisante
9.13. Promed Group Co., Ltd.
9.14. Samsung Electronics
9.15. Shenzhen Landwind Industry Co., Ltd
9.16. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
9.17. Siemens Healthcare
9.18. Shantou Institute of Ultrasonic Instruments Co., Ltd.
9.19. SonoScape Medical Corporation
9.20. Sunway Medical
9.21. TELEMED Medical Systems
9.22. Toshiba Medical Systems Corporation
9.23. VINNO Technology (Suzhou) Co., Ltd.
9.24. Trice Medical, Inc.
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