openPR Logo
Press release

Ultrasound Devices Market predicted to experience noticeable growth in the future

04-07-2021 03:56 PM CET | Health & Medicine

Press release from: Allied Market Research

/ PR Agency: Market Research
A new report published by Allied Market Research, titled, World Ultrasound Market - Opportunities and Forecasts, 2015 - 2022, projects that the world ultrasound market would reach $10,476 million by 2022. Diagnostic ultrasound system would continue to be the highest revenue-generating segment throughout the forecast period. Europe accounted for almost one-third of the market share in 2015, and is expected to dominate the overall market during the study period.

The major factors boosting the market growth include technological advancements (such as advent of 3D and 4D ultrasound that provides detailed information about a known abnormality from different angles), rising incidence of chronic diseases, and increasing geriatric population worldwide. The rising number of application areas of ultrasound coupled with increasing adoption of ultrasound systems in obstetrics and gynaecology field, is set to boost the growth of the ultrasound market worldwide. Cost effectiveness, safety, high accessibility, and clinical value in preliminary diagnosis are strengthening the technologys value proposition in technological advancements in the ultrasound market. In addition, increase in number of diagnostic imaging procedures, and rising awareness for early diagnosis of clinical disorders are anticipated to further drive the demand for ultrasound devices. However, dearth of skilled and experienced sonographers and technological limitations of ultrasound systems are some of the factors restricting the market growth.

Sample of the Ultrasound Devices Market Report can be accessed on Website: https://www.alliedmarketresearch.com/ultrasound-devices-market

The radiology/general imaging segment accounted for the major share of 30% of the overall ultrasound market in 2015. This is primarily due to the wide adoption of ultrasound devices in the diagnosis of rising number of abdominal diseases. Urology has emerged as the fastest growing segment, registering a CAGR of 11.3% during the forecast period, due to the growing incidences of urinary tract infections coupled with the rapidly aging patient population.

Diagnostic ultrasound devices such as 2D ultrasound, 3D & 4D ultrasound, and Doppler devices have given rise to new applications (such as biopsies and image-guiding interventions) across different clinical specialities. The growing demand for both ultra-portable and portable diagnostic ultrasound systems in diagnostic and image guidance area at points-of-care have further boosted the market growth. The advent of portability in ultrasound has built a strong path for the increased demand of these devices for point-of-care applications such as emergency medicine, anesthesiology, musculoskeletal, and critical care medicine. The trolley/cart-based ultrasound devices segment accounted for the major market share of the total ultrasound market in 2015, whereas, the compact/handheld ultrasound devices segment is expected to grow at a higher CAGR during the forecast period

Request For Customization:- https://www.alliedmarketresearch.com/request-for-customization/7003

Geographically, the European region accounted for the majority share in the overall ultrasound market in 2015, and is expected to maintain this lead throughout the forecast period. The growth in the ultrasound market is attributed to the increased adoption of ultrasound for diagnosis, increased procedure volumes resulting from rapidly aging population, and increased prevalence of chronic diseases. However, regulatory framework concerns and dearth of experienced and skilled sonographers in various countries in Europe are expected to hamper the market growth. In addition, the growing momentum of HIFU in European countries for the treatment of prostate cancer is further set to drive the ultrasound market. Asia-Pacific is projected to be the fastest growing region throughout the analysis period. This is mainly due to the improving healthcare infrastructure and healthcare expenditures in the emerging markets (such as India and China) to overcome the unmet medical needs in these countries. Technological advancements for cost-effective devices in these nations offers a lucrative opportunity for the growth of the ultrasound devices market.

Key findings of the study:

In the year 2015, 2D imaging systems was the leading segment, accounting for almost half of the overall market revenue, and is projected to grow at a CAGR of 3.3% during the forecast period.
HIFU segment is expected to grow at a remarkable CAGR of 22.5%, owing to the non-invasive nature and high accuracy of technology for the treatment of prostate cancer.

Asia-Pacific accounted for about one-third share of the world ultrasound market in 2015.
The obstetrics/gynecology segment is projected to surpass the ultrasound market for radiology/general imaging during the forecast period.

China and Japan are the major shareholders in the Asia-Pacific region, jointly accounting for about two-thirds share of the regions ultrasound market.
The key players in the ultrasound market are highly focused on expanding their business operations in the fast-growing emerging countries and new product launches as a preferred strategy. The companies profiled in this report include Analogic Corporation, Esaote SpA, Fujifilm Corporation, General Electric Company, Hitachi, Ltd., Koninklijke Philips N.V., Mindray Medical International Limited, Samsung Medison Co. Ltd, Siemens AG, and Toshiba Corporation.

Similar Studies by Allied Market Research -

Medical/Diagnostic Imaging Market - https://www.alliedmarketresearch.com/medical-diagnostic-imaging-market

3D Medical Imaging Market - https://www.alliedmarketresearch.com/3d-medical-imaging-market

Contact:
Sona Padmanabhan
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Direct: +1-503-894-6022
Toll Free: +1-800-792-5285 (U.S. &Canada)
Fax: +1(855)550-5975
E-mail: sales@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Ultrasound Devices Market predicted to experience noticeable growth in the future here

News-ID: 2267264 • Views: 203

More Releases from Allied Market Research

India Energy Management Systems Market Growing at a CAGR of 19.1% With Top Playe …
Energy management systems allow organization to collect information on the energy use through monitoring, assessing, and visualizing energy consumption. Growth in need of energy efficiency, energy price volatility, and policy and regulatory mandates primarily drive the growth of energy management system. However, low of awareness among the small and medium enterprise owners and lack of stringent energy consumption policies in the country hinders the growth of the market. Subsequently, providing
Electric Motor Market Key Driven Factors, Segmentation And Forecast To 2025 | Pl …
A surge in demand for energy-efficient electric motors, demand from industrial & agricultural sectors, increase in awareness regarding electric & green vehicles among customers, and rise in HVAC applications have driven the growth in the global electric motor market. On the other hand, high investment costs of motors hinder the growth. However, standardization & regulatory policies in emerging markets and enhancements in design methods for lowering carbon emissions would create
Digital Textile Printing Machine Market Witness Highest Growth in Near Future at …
Surge in consciousness towards fashion, sustainable and eco-friendly printing methods, and higher creativity and increased design flexibility drive the growth of the market. However, the harmful effects associated with digital textile printers and the never-ending competition from traditional printing methods restrict the growth. On the other hand, the high speed of producing products using printer provide lucrative opportunities for this market. The global digital textile printing machine market was valued at
DNA Diagnostics Market Research Report, Analysis, Covid-19 Analysis, Industry Sc …
DNA diagnostics Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $19 billion by 2027, registering a CAGR of 9.8% during the period 2014-2027. The potential to provide accurate diagnosis and cost effectiveness over alternative diagnostic techniques are factors which supplement the growth of the DNA diagnostics market. Download Free Sample Report @ https://www.alliedmarketresearch.com/request-sample/298 The latest figures suggest that approximately 8.2 million people are living

All 5 Releases


More Releases for Europe

Synthetic Biology Market – Europe
Synthetic Biology Market Europe is expected to reach USD XX Billion by 2026 from USD XX Billion in 2016 at a CAGR of XX% (Detailed analysis of the market CAGR is provided in the report). Synthetic biology has expanded into various interdisciplinary fields that may be defined as the combination of artificial design and engineering to produce biological systems, chemicals or living organisms. Synthetic biology is also used for improving applications
Europe Wooden Doors Market
Europe Wooden Doors Market https://www.qandqmarketresearch.com/reports/wooden-doors-market-78 This report studies the Wooden Doorsmarket status and outlook of Europe and major countries, from angles of players, countries, product types and end industries; this report analyzes the top players in Europe and major countries, and splits the Wooden Doors market by product type and applications/end industries. The global Wooden Doors market is valued at XX million USD in 2018 and is expected to reach XX million
Europe Radiotherapy Market
The Europe Radiotherapy Market research report consists of a primary and secondary research along with an in-depth analysis of the quantitative and qualitative aspects by the expert industry analysts and professionals, leading management bodies, to gain a profound insight of the industry as well as the industry performance. The Europe Radiotherapy Market report presents a lucid picture of the current industry landscape, including the historical and projected market size, based
Europe Business Assembly
The Europe Business Assembly (EBA) is an international corporation for the evolution and implementation of economic and social development. The company was established in April 2000 and its history shows a plethora of promising initiatives, creative growth and professional victories. EBA’s activity demonstrates the capabilities and power of professional partnership. The year 2000 saw the beginning and the foundation of EBA with the signing of the memorandum of cooperation and
Smartsourcing in Eastern Europe
In 2008 the outsourcing business of Eastern Europe was estimated at nearly $2 billion, representing just a tiny fraction of the global IT outsourcing market, estimated at about $386 billion. According to the Gartner Dataquest predictions, in the next four years Eastern Europe is expected to outstrip the rest of the offshore market concentrated mainly in the “classical” locations like India. By 2010 Eastern Europe’s IT outsourcing market share is
Home Control conquers Europe
European Home Control Summit attracts participation from leading International companies and organizations 29. February 2008 - Copenhagen/Frankfurt - The first European Wireless Home Control Summit on 9 April 2008, taking place parallel to Light + Building, features leading companies such as Merten, Horstmann, Danfoss, and market researcher Parks Associates as well as publicly funded organizations like the Danish Energy Saving Trust (DEST) presenting the newest trends, products and market strategies pertaining