Increasing prevalence of Chronic Diseases is adversely affecting Asia Pacific Ultrasound Devices Market

“Asia-Pacific Ultrasound Devices Market" research report, published by Market Data Forecast delineates that the market is growing with a CAGR of 7.92% to reach USD 2.02 billion by 2021, from USD 1.38 billion in 2016, which amounts to a cumulative growth of USD 0.64 billion.

Ultrasound devices are those instruments which uses high frequency sound waves whose audibility is above human hearing for creation of internal images of the body. Sound waves are used instead of radiation for providing safety to the patient.

The purpose of an ultrasound device is to analyse the source of a disease or to eradicate any pathology. Ultrasound is mostly used to examine pregnant women which are known as obstetric ultrasound. The ultrasonic images are produced by transmitting pulses into the tissue with the use of a probe. Many different tissues reflect with various degrees of sounds after the sound of the tissue echoes off which is then recorded and shown as an image. Internationally, most of the industrialized nations are spending a huge part of their GDP on healthcare necessities.

The report also presents detailed analysis of multitude of factors affecting the diagnostic imaging market bearing either positive or negative outcomes. Some of those factors are
• Increasing awareness to the public,
• Rising number of diagnostic imaging techniques,
• Rising number of aged population,
• Increasing prevalence of chronic diseases,
• High cost of the diagnostic procedures,
• Stringent Government Regulations.

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For granular level understanding the Ultrasound Devices Market is segmented based on Technology, Device Display, Portability, and application, each being provided with Market Size Estimations and Y-o-Y Forecasts. Based on Technology, the market is segmented as Diagnostic Ultrasound (2D Ultrasound,3D & 4D Ultrasound, Doppler Ultrasound) and Therapeutic Ultrasound (High-intensity Focused Ultrasound, Extracorporeal Shockwave Lithotripsy). Based on Device Display, the market is segmented as Color Ultrasound Devices and Black and White Ultrasound Devices. Based on Portability, the market is segmented as Trolley/Cart-based Ultrasound Devices and Compact/Handheld Ultrasound Devices. Based on Application, the market is segmented as Radiology/General Imaging, Cardiology, Obstetrics/Gynecology, Vascular, Urology and Other Applications (Includes Breast Imaging, Hepatology, Anesthesiology, Emergency Care).

With India and China being the major economies which have unexplored customer base covered in the study the report also focuses on other regions like Japan, Australia, South Korea and Rest of Asia-Pacific. China is expected to possess the major chunk of the market which is followed by Japan and India. Globally, Asia-pacific and Latin America are fastest growing in Ultrasound devices market in terms of CAGR.
Some of the key players that operate in the Asia-Pacific Ultrasound Devices market include Hitachi Medical Corporation, Samsung, GE Healthcare, Toshiba Medical Systems, and Phillips Healthcare.

The Asia- Pacific Ultrasound Devices Market report offers wide-range of scope:

• Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries

• Know more about key areas of industry growth via detailed Segment-level analysis on basis of technology, device display, portability, application along with market size forecasts and y-o-y estimations

• Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics

• Strategic Analyses containing PESTLE and Porter’s Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics

• Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview

• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies

• Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market

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