Technological Strides in Ultrasound Devices Market Expand Scope of Diagnosing Complex Diseases, Market to Clock CAGR of 5.6% from 2018 to 2026: TMR

Technological Strides in Ultrasound Devices Market Expand Scope of Diagnosing Complex Diseases, Market to Clock CAGR of 5.6% from 2018 to 2026: TMR

PR Newswire

ALBANY, N.Y., Sept. 14, 2020

Radiology/general imaging is the leading application segment in ultrasound devices market, prevalence of orthopedic diseases is the key driver for demand

North America and Europe are topmost lucrative regional markets, uptake in cutting-edge diagnostic and therapeutic ultrasound in the health care sector boosting revenue growth in these regional markets

ALBANY, N.Y., Sept. 14, 2020 /PRNewswire/ -- Ultrasound devices have established themselves as a prominent imaging modality used for diagnostic and therapeutic applications in the healthcare sector. Rise in demand for these in the management of cardiovascular diseases, respiratory, abdominal, and kidney diseases, among others, is fueling the expansion of the ultrasound devices market.

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Among the wide range of technologies, diagnostic ultrasound held the major share in 2017. Compact and handheld ultrasound technologies are becoming cost-effective for healthcare providers and patients to diagnose diseases, especially chronic ones. Rise in uptake in diagnostics and therapeutics of cancer and cardiovascular diseases is boosting the market.

The market stood at US$ 6.5 Bn in 2017 and is expected to reach worth of US$ 10.6 Bn by 2026-end.

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Key Findings of Ultrasound Devices Market Report

Explore 243 pages of top-notch research, incisive insights, and detailed country-level projections on Ultrasound Devices Market (Technology - Diagnostic Ultrasound (2D Ultrasound, 3D and 4D Ultrasound, Doppler Ultrasound), Therapeutic Ultrasound (High-intensity Focused Ultrasound, Extracorporeal Shockwave Lithotripsy); Portability - Trolley and Cart Based Ultrasound Devices, Compact and Handheld Ultrasound Devices; Application - Radiology and General Imaging, Cardiology, Obstetrics and Gynecology, Vascular, Urology; End user - Hospitals and Surgical Centers, Diagnostic Centers, Ambulatory Surgical Centers) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026 at https://www.transparencymarketresearch.com/report-toc/2483

Ultrasound Devices Market: Key Driving Factors and Promising Avenues

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Ultrasound Devices Market: Regional Landscape

Europe was the leading regional market in 2017, and the revenue was pegged at US$ 2.1 Bn in 2017. Presence of robust healthcare systems is key to the widespread uptake of ultrasound devices in the region. Growing awareness of the competency of cutting-edge imaging modalities in the management of complex diseases has led to rapid expansion of opportunities in North America.

On the other hand, the healthcare systems in countries such as China, India, and Japan are seeing sizable application of therapeutic and diagnostic imaging modalities consisting of ultrasound devices. 

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Ultrasound Devices Market: Competitive Landscape

Top players are getting into mergers and acquisitions to expand their portfolio and consolidate their shares in the ultrasound devices market.

Some of the key ultrasound device makers are GE Healthcare, Canon Medical Systems Corporation, Siemens Healthineers, Samsung Medison Co., Ltd., and Analogic Corporation.  

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The Ultrasound Devices market is segmented based on:

Technology

Portability

Application

End-user

Region

Explore Transparency Market Research's award-winning coverage of the global Healthcare Industry:

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Medical Imaging Equipment Services Market: The global medical imaging equipment services market was valued at US$ 21.4 Bn in 2018 and is anticipated to expand at a CAGR of 3.5% from 2019 to 2027, hospital centric business model favoring long term partnerships is projected to drive the global medical imaging equipment services market during the forecast period

Ophthalmic Ultrasound Systems Market: According to the report, the global ophthalmic ultrasound systems market was valued at US$ 2.87 Bn in 2018 and is anticipated to expand at a CAGR of 5.1% from 2019 to 2027, high prevalence of ocular disorder and diseases, to escalate the growth of global ophthalmic ultrasound systems market. Moreover, surge in geriatric population with glaucoma to drive the market

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