Ultrasound Devices Market - Trends and Forecast till 2025
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Increasing number of pregnancies to boost the growth of global ultrasound devices market
The rise in number of child births every consistent year is one of major factors promoting the use of ultrasound devices as the development of the child in the womb is usually monitored with the help of ultrasound imaging. According to the Centers for Disease Control and Prevention (CDC), the total number of births in the U.S. accounted for 3,978,497 in 2016. The birth rate in the U.S. was 12.4 births per 1,000 population and thus obstetrics and gynecology contributes a significant share in the global ultrasound devices market. Technological advancements in automated medical imaging tools and software have changes the conventional way of performing ultrasound imaging. For instance, Philips Healthcare in 2013 introduced ‘Epiq’ Ultrasound Platform, new technology and software that uses Philips’s Anatomical Intelligence Software, which assist the operators to get optimum views of specific measurement and exam and uses intelligence in determining the anatomy of the organ being imaged from a correct direction to get optimum image quality. However, reproducibility still exists to be major limitation of the ultrasound devices as variation between operator leads to different measurements for the same anatomy.
The global ultrasound devices market was valued at US$ 5,888.1 million in 2016 and is expected to witness a robust CAGR of 1.9% over the forecast period (2017 - 2025).
Technological advancements in the hand-pieces segment to propel the growth of global ultrasound devices market
Market players are focused towards providing advanced ultrasound devices to the consumers that include updated technologies and improvements in workflow and image quality. For instance, Esaote SpA launched new CrystaLine imaging technology at American College of Cardiology (ACC) meeting in March 2014 that exhibits improved diagnostic efficacy and ability to personalize image quality for each patient. This technology contained several workflow enhancements that are helpful for clinicians to manage the increasing influx of patients. Some of the major players operating the global ultrasound devices market include GE Healthcare, Koninklijke Philips N.V., Toshiba Medical Corporation, Hitachi Medical Corporation, Analogic Corporation, Fujifilm Corporation, Siemens Healthcare, Samsung Medison Co. Ltd., and Esaote S.p.A.
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