(EMAILWIRE.COM, December 06, 2018 ) Ultrasound Devices Market Overview

Ultrasound is a medical imaging modality that uses in high-frequency sound waves to visualize the internal organs of the body. Ultrasound devices find their application in radiology/general imaging, obstetrics/gynaecology, cardiology, vascular, urology, and other emergency clinical areas such as emergency medicines, anaesthesiology, and musculoskeletal. High accessibility, cost effectiveness, safety, and clinical value in preliminary diagnosis are strengthening the technology value proposition in technological advancements in ultrasound market.

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The Driving factors for the Global Ultrasound Devices Market are:

Technical improvement in ultrasound
Increase in the global geriatric population
Rising incidence of chronic & lifestyle associated diseases
Increasing public private funds, investments, and grants
The Restraining factors for the Global Ultrasound Devices Market are:

Lack of expert sonographers
Ultrasound Devices Market Forecast Report (2018-2023)

The Global Ultrasound devices market worth was USD 6.42 Billion in 2018 and is projected to reach USD 8.47 Billion by 2023, at a CAGR of 5.7% during the forecast period from 2018 to 2023.

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Ultrasound Devices Market Segmentation

Global market for Ultrasound devices is classified based on Technology, Device Display, Portability, and Application. By Technology, the market is classified as Diagnostic Ultrasound (2D Ultrasound, 3D & 4D Ultrasound, Doppler Ultrasound) and Therapeutic Ultrasound (High-intensity Focused Ultrasound, Extracorporeal Shockwave Lithotripsy). By Device Display, the market is divided as Colour Ultrasound Devices and Black and White Ultrasound Devices. By Portability, the market is classified as Trolley/Cart-based Ultrasound Devices and Compact/Handheld Ultrasound Devices. By Application, the market is classified as Radiology/General Imaging, Cardiology, Obstetrics/Gynecology, Urology, Vascular and Other Applications (Breast Imaging, Anesthesiology, Hepatology, and Emergency Care). The trolley/cart-based ultrasound devices segment is approximated to account for the largest share of the global ultrasound market in 2015; whereas, the compact/handheld ultrasound devices segment is expected to reach at the high CAGR during the forecast period. Cardiology application is expected to be the fast growing segment during forecast period owing to increasing incidence of cardiac diseases across the globe.

Geographically, Global market for Ultrasound devices is classified into North America, Asia Pacific, Europe, Latin America and Africa & Middle-East. Europe accounts for the large share of the global ultrasound market, followed by North America. Factors such as growing in the number of products being commercialized and expansion in clinical applications of HIFU, are driving the market in European region. However, Asia-Pacific is poised to be the fast-growing region in the market during the forecast period, owing to large expansion and modernization of the healthcare infrastructure.

Key Developments in the Market

The Esaote SpA launched new CrystaLine imaging technology at American College of Cardiology (ACC) meeting in March 2014 that exhibits enhanced diagnostic efficacy and ability to personalize image quality for each patient. This technology contained different workflow enhancements that are helpful for clinicians to manage the increasing influx of patients. 
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Major Players: 

Major players in the current market are:

General Electric Company (U.S.)
Koninklijke Philips N.V. (Netherlands)
Toshiba Corporation (Japan)
Siemens AG (Germany)
Hitachi Ltd. (Japan)
Samsung Electronics Co., Ltd. (South Korea)
FUJIFILM Holdings Corporation (Japan)
Esaote S.p.A. (Italy)
Mindray Medical International Ltd. (China)
Analogic Corporation (U.S.)
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