The global ultrasound device
market is expected to reach USD 11.1 billion by 2024, according to a new report
published by Grand View Research, Inc. Major drivers of the sonography market
include expanding applications of the technique in therapeutic areas and
government recommendations for periodic ultrasound screenings of the breast for
breast cancer.
High Intensity Focused
Ultrasound (HIFU) is widely used for the treatment of prostate cancer. HIFU has
lesser side effects for prostate cancer than the other available treatments.
The other use of ultrasound technique for therapeutic purpose includes
treatment of kidney stones and gallstones using extracorporeal shockwave
lithotripsy (ESWL).
2D, 3D/4D and Doppler
ultrasound techniques are widely used in diagnostic imaging. 2D ultrasound
segment captured the largest market share owing to the wide use of this
technique in brain tumor and fetal screening. Most of the hospitals and
healthcare facilities in developing countries offer 2D ultrasound as the device
cost is relatively lesser and results in increasing the affordability of
ultrasound imaging to patients. Along with 3D, 4D sonography has also become
popular in obstetrics areas as it provides real-time movements of the fetus.
Intensifying competition in the
private sector has triggered advancements of the latest medical devices in
private hospitals. As a result, demand for handheld imaging devices is swiftly
increasing. In addition, the shifting trend to home healthcare and remote
patient monitoring is augmenting the adoption of handheld devices. However, the
demand for relatively bigger cart/trolley-based devices is escalating with the
rising adoption of therapeutic ultrasound, where heavy hardware and large
display screens are necessary.
In depth research report on Ultrasound Device Market
Further key findings from the study suggest:
·
The diagnostic ultrasound
devices segment captured a market share of 35.80% in 2015. The share of the
segment was mainly attributed to government recommendations for routine
checkups using ultrasound devices.
·
The rising birth rates and
in-vitro fertilization treatments are supporting the growth of the diagnostic
ultrasound imaging segment as the imaging technique is widely accepted for
fetal monitoring during pregnancy
·
The handheld device segment is
expected to exhibit the fastest growth during the forecast period owing to the
convenience of portability, affordable price, and user-friendly technologies
embedded in these devices
·
North America captured the
largest market share of 24.85% in 2015 and is expected to maintain its
dominance throughout the forecast period. The presence of a well-defined
regulatory framework, recommendations of government and healthcare agencies,
and high adoption of remote patient monitoring and home healthcare services are
the major factors supporting the market growth.
·
Asia Pacific is anticipated to
witness the fastest growth of 9.6% during the forecast period. Rising
disposable income, growing awareness, and booming medical tourism industry are
some of the factors expected to drive the Asia Pacific market towards swift
growth during the forecast period.
·
The ultrasound market is
fragmented with the presence of many local players. Thus, market players are
adopting strategies such as mergers and acquisitions and distribution
partnerships to expand their market share and sustain the competition.
·
Some key players contributing
to this market include Toshiba Medical Systems Corporation, SonaCare Medical,
Analogic Corporation, GE Healthcare, Philips Healthcare, Siemens Healthcare,
Hitachi Medical Corporation, Samsung Medison, and Mindray Medical International
Limited
Grand View Research has
segmented the ultrasound device market on the basis of product type and
geography.
Ultrasound device market by product, 2012 - 2022 (USD
Million)
·
Diagnostic Ultrasound Devices
·
2D
·
3D/4D
·
Doppler
·
Therapeutic Ultrasound Devices
·
High Intensity Focused
Ultrasound (HIFU)
·
Extracorporeal Shockwave
Lithotripsy (ESWL)
Ultrasound device market by Portability type, 2012 - 2022
(USD Million)
·
Handheld Ultrasound Devices
·
Cart/Trolley Based Ultrasound
Devices
Ultrasound device market by region, 2012 - 2022 (USD
Million)
·
North America
·
U.S. Ultrasound Device Market,
by Product
·
U.S. Ultrasound Device Market,
by Portability
·
Canada Ultrasound Device
Market, by Product
·
Canada Ultrasound Device
Market, by Portability
·
Europe
·
UK Ultrasound Device Market, by
Product
·
UK Ultrasound Device Market, by
Portability
·
Germany Ultrasound Device
Market, by Product
·
Germany Ultrasound Device
Market, by Portability
·
Asia Pacific
·
China Ultrasound Device Market,
by Product
·
China Ultrasound Device Market,
by Portability
·
Japan Ultrasound Device Market,
by Product
·
Japan Ultrasound Device Market,
by Portability
·
Latin America
·
Brazil Ultrasound Device
Market, by Product
·
Brazil Ultrasound Device
Market, by Portability
·
Mexico Ultrasound Device
Market, by Product
·
Mexico Ultrasound Device
Market, by Portability
·
MEA
·
South Africa Ultrasound Device
Market,by Product
·
South Africa Device Market,by
Portability
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About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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