Medical ultrasound, also called diagnostic sonography or ultrasonography is a widely adopted diagnostic technique used for imaging of internal body structures like joints, muscles, tendons, and vessels. Ultrasound imaging technique aims for investigating the source of a particular disease and is considered to be gold standard to examine the fetal development of a pregnant. Ultrasonic imaging uses high frequency sound wave pulses sent into the tissue, which is assisted by a probe. These incident sound waves are reflected back at varying degrees and the echoes generated as a result of these reflections are recorded as displayed in the form of images called sonograms. This process is preferred over other imaging technologies due to its image provision in real time, portability of the probe, substantially lower imaging costs that a patient has to bear and non- harmful nature of the ionizing radiations. The ultrasound devices provides two dimensional images of blood flow motion, movement and location of specific molecules, tissue stiffness and the anatomy of a three dimensional interior organ of the body.
Rapid growth rate in cardiovascular diseases and birthrates is responsible for boost of global ultrasound devices market
According to Centers for Disease Control and Prevention (CDC), the incidence of cardiovascular diseases is drastically increasing. According to WHO, the number of people suffering with heart disorders is expected to surpass 23 million by 2030. This creates a highly conducive environment for growth of the ultrasound devices market. Moreover, the CDC reports, 3,978,497 births in 2016 suggesting high requirement of ultrasound imaging devices to monitor these fetal growths.
The global ultrasound devices market can be segmented on the basis of product type, technology, application, end user, and regions.
On the basis of product type,
On the basis of technology,
Based on the application,
On the basis of end user,
Government revenues shifting towards improvisation of diagnostic and imaging facilities leading to the growth of Ultrasound imaging devices market
On the basis of regional segmentation, the global ultrasound devices market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America is the largest market for ultrasound devices, followed by Europe. This regional domination is augmented due to improved healthcare infrastructure and major investments on R&D in the ultrasound devices field by the extensive number of players based in the region. On the other hand, a lucrative growth in the global ultrasound devices industry could be expected from Asia Pacific, owing to increasing birthrates and emerging players from countries like Japan and China to launch innovative ultrasound devices.
Evolution of large immobile sonographic devices resulting in compact and portable imaging options are creating a major shift in the preferences of the potential customers of the global ultrasound devices market
The compact and portable ultrasound devices providing same efficiency in imaging owing to convenience could replace the large ultrasound devices market in very short time span and are potential drivers of the global market. Moreover, key tech advancement in the field can create a favorable growth of the global market. For instance, the Doppler ultrasound devices provides evolved functions and imaging provisions adding to their preference over the conventional available devices. Additionally, high growth rates of cardiovascular diseases, pregnancy and diseases like Tuberculosis can also lead to rise the demand for ultrasonic devices. However, factors like physique of the person and specific frequency of the sound can hinder the image quality and depth penetration which can be eliminated by opting methods like CT scans may create obstacles in the growth of global ultrasound devices market.
Well established R&D facilities and long term sale contracts with the customers helping the key players to maintain their stand in the global ultrasound devices market
The global ultrasound devices market is dominated by key players like Analogic Corporation, Fujifilm Corporation, GE Healthcare, Esaote SpA, General Electric Company, Hitachi Ltd., Mindray Medical International Ltd., Koninklijke Phillips N.V., Seimens Healthcare, Toshiba Corporation and Samsung Medison Co. Ltd. These companies are holding flagships in the global ultrasound devices market due to high investments of the government in improving the R&D sector for advancing the ultrasound imaging facilities and long term relationships with the customers.
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