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Ultrasound Devices Market Size, Share, Analysis , Forecast (2014-2024) by Acumen Research and Consulting
Acumen Research and Consulting
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Ultrasound devices are increasingly used in medical applications. Rising patient population, and concentration of chronic disorders such as vascular problems, hypertension, etc. are some of the growth propellers for global ultrasound devices market. Availability of funds, grants and demand for less time-consuming medical investigation processes are few other factors that are expected to propel the demand for ultrasound devices in medical applications. In addition, expansion of Industrial sector in Asia-Pacific and Africa demands low cost and less time-consuming non-destructive testing methods. As a result, ultrasound devices are finding more and more applications in the research and development activity.
Occupational exposure to ultrasound that exceeds 120 dB can adversely affect the hearing ability of humans and exposures above 180 dB may lead to death. Such factors are unlikely to affect the growth of ultrasound devices market in healthcare as well as industrial applications. Specifically configured ultrasound can produce an exotic occurrence called as sonoluminescence or light burst and this technology may find application in mobile fusion reactions in the near future.
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Based on its technology, the global ultrasound devices market can be segmented into diagnostic ultrasound, 2D ultrasound, Doppler ultrasound, 3D & 4D ultrasound, therapeutic ultrasound, extracorporeal shockwave lithotripsy (ESWL) and high-intensity focused ultrasound (HIFU). Similarly, the market can be segmented based on the type of display of devices as colour display ultrasound devices and black and white display ultrasound devices. There are different products available in the market. The portability of ultrasound devices can also help to segment global ultrasound devices market as trolley-based ultrasound devices, point-of-care ultrasound devices and compact ultrasound devices. Few of the major ultrasound devices application segments are radiology, general imaging, gynaecology, cardiology, obstetrics, urology, vascular, Hepatology, breast imaging, anaesthesiology, non-destructive testing, surface testing, plastic welding and others.
Europe is the largest market for ultrasound devices followed by North America. This is majorly attributed by the fact that there are increasing number of commercialised ultrasound devices, expansion of clinical facilities and growing penetration of therapeutic ultrasound. US is the dominant market in North America due to higher adoption of clinical research activities. However, Asia-Pacific is poised to emerge as the fastest growing region with the growth mainly witnessed in countries such as China, and India.
Among all market participants, General Electric Company leads the market with the highest share. The company focuses on product commercialization, agreements and collaborations, marketing campaigns and geographic expansions. These strategies have helped the company to maintain its leading position in the global ultrasound devices market. Some of the key players profiled in the report include Koninklijke Philips N.V. (Netherlands), Siemens AG (Germany), Toshiba Corporation (Japan), Hitachi Ltd. (Japan), Fujifilm Holdings Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), Esaote S.p.A. (Italy), Analogic Corporation (U.S.) and Mindray Medical International Ltd. (China).
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Market Segmentation
Market by Technology
Diagnostic ultrasound
2D ultrasound
Doppler ultrasound
3D & 4D ultrasound
Therapeutic ultrasound
Extracorporeal shockwave lithotripsy (ESWL)
High-intensity focused ultrasound (HIFU)
Market by Display Type
Colour display ultrasound device
Black and white display ultrasound device
Market by Portability
Trolley-based ultrasound devices
Point-of-care ultrasound devices
Compact ultrasound devices
Market by Application
Radiology
General imaging
Gynaecology
Cardiology
Obstetrics
Urology
Vascular
Hepatology
Breast imaging
Anaesthesiology
Non-destructive testing
Surface testing
Plastic welding
Others
Market by Geography
North America
o US
o Canada
o Mexico
Europe
o UK
o Germany
o France
o Rest of Europe
Asia-Pacific
o China
o Japan
o India
o Philippines
o Rest of Asia-Pacific
Latin America
o Brazil
o Chile
o Rest of Latin America
Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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About Us
Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
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