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(2022-2031) Ultrasound Devices And Equipment Global Market Analysis And Forecast | Technologies, Demand, Growth, Research And Development
Ultrasound Devices And Equipment Market
According to The Business Research Company's ultrasound devices and equipment market report, The global ultrasound devices and equipment market reached a value of nearly $8,429.1 million in 2020, having decreased at a compound annual growth rate (CAGR) of -0.2% since 2015. The market is expected to grow from $8,429.1 million in 2020 to $11,124.2 million in 2025 at a rate of 5.7%. The market is then expected to grow at a CAGR of 3.7% from 2025 and reach $13,349.1 million in 2030.
The rising prevalence of chronic diseases is expected to lead to an increase in the number of patients who will require advanced diagnostic and treatment options. Long working hours, limited physical activity, unhealthy eating and drinking habits contribute to the prevalence of chronic diseases, thus driving the need for ultrasound devices and equipment. Emerging markets will be affected the most as population growth is anticipated to be significant in developing nations, especially in India and China, thus increasing the healthcare expenditure in these countries. Advances in precise detection and diagnosis of diseases will also help contain the costs of treating chronic conditions. According to the World Health Organization, global chronic disease prevalence is expected to rise by 57% by 2020, obesity rates and cases of diseases such as diabetes are rising rapidly, these will drive the demand for ultrasound devices to diagnose patients. According to a United Nations article, by 2030 the proportion of global deaths due to chronic diseases is expected to increase to 70% of total deaths. The global burden of chronic disease is expected to reach about 60%. Therefore, the rise in the prevalence of chronic diseases is projected to propel the growth of the ultrasound devices and equipment market.
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The ultrasound devices and equipment market is segmented -
• By Type: Diagnostics, Therapeutics
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Western Europe was the largest region in the ultrasound devices and equipment market.
Major competitors in the ultrasound devices and equipment market include General Electric Company, Koninklijke Philips N.V., Siemens Healthineers AG, Canon Inc. Hitachi, Ltd.
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The ultrasound devices and equipment market consist of sales of ultrasound devices and equipment and related services by entities (organizations, sole traders and partnerships) that manufacture ultrasound devices and equipment for use in the healthcare industry.
The Table Of Content For The Ultrasound devices and equipment Market Include:
1. Ultrasound devices and equipment Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
…….
22. Ultrasound devices and equipment Market Opportunities And Strategies
23. Ultrasound devices and equipment Market, Conclusions And Recommendations
24. Appendix
The Business Research Company's "Global Ultrasound devices and equipment Opportunities And Strategies Market Report - Forecast To 2030" is the most comprehensive report available in market, providing data and statistics from over 60 geographies analyzed in more than 2500 market segments. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. Additionally, it evaluates the market's historic and projected growth and identifies significant trends and strategies that can be used to outperform the competitors in the sector.
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