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Ultrasound Market Worth 6.86 Billion USD by 2020


News provided by

MarketsandMarkets

24 Mar, 2016, 16:30 GMT

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PUNE, India, March 24, 2016 /PRNewswire/ --

According to a new market research report " Ultrasound Market - Diagnostic Ultrasound (2D, 3D, 4D, Doppler), Therapeutic Ultrasound (HIFU, ESWL), Products (Cart/Trolley-Based, Compact, PoC), Applications (OB/GYN, Cardiac Ultrasound, Vascular Ultrasound, Surgical Ultrasound) - Global Forecast To 2020" The global market Is poised to reach ~USD 6.86 Billion by 2020, growing at a CAGR of 5.5% during the forecast period.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 77 Tables and 69 Figures spread through 179 Pages and in-depth TOC on "Ultrasound Market"

http://www.marketsandmarkets.com/Market-Reports/ultrasound-market-467.html

Early buyers will receive 10% customization on this report.

The market report analyzes and studies the major market drivers, restraints, opportunities, and challenges in North America, Europe, Asia-Pacific, and the Rest of the World (RoW).

On the basis of device portability, ultrasound products are categorized into trolley/cart-based and compact/handheld ultrasound devices. The trolley/cart-based ultrasound devices segment is expected to account for the largest shareof the global ultrasound market in 2015; whereas, the compact/handheld ultrasound devices segment is expected to grow at the highest CAGR during the forecast period. Factors such as procedural benefits offered by compact ultrasound devices (such as ease of operability, lower device cost, and less electricity consumed as compared to trolley-based devices), growing market demand for portable ultrasound devices for point-of-care applications, and increasing product commercialization of innovative compact & portable devices across major markets (such as the U.S., Germany, Japan, China, and India) are contributing to the high growth of this market segment.

 On the basis of clinical application, ultrasound market is categorized into radiology/general imaging, cardiology, OB/GYN, vascular, urology, and other applications (such as anesthesiology, emergency medicine, and breast imaging). Cardiology application is expected to be the fastest growing segment during forecast period owing to rising incidence of cardiac diseases, technological advancements in cardiac ultrasound, and rapid growth in geriatric population across the globe.

Factors such as rising patient population base for chronic and lifestyle-related disorders (coupled with growing geriatric population that is at greater risk of target diseases as compared to adults); technological advancements; increasing public-private investments, funds, and grants; and growing market demand for minimally invasive diagnostic and therapeutic techniques (including ultrasound) are driving growth of the ultrasound market.

Europe is expected to account for the largest share of the global ultrasound market in 2015, followed by North America (comprising the U.S. and Canada). Factors such as growing number of products being commercialized, expansion in clinical applications of HIFU, increasing market penetration of therapeutic ultrasound, and growing emphasis on minimally invasive procedures (including diagnostic and therapeutic ultrasound) are driving the ultrasound market in the European region. However, Asia-Pacific (comprising China, India, Japan, and the Rest of Asia-Pacific) is poised to be the fastest-growing region in the ultrasound market during the forecast period, owing to significant expansion and modernization of the healthcare infrastructure, increasing number of age-related illnesses, growing public awareness about therapeutic benefits offered by ultrasound, and increasing focus of international device manufacturers on strengthening their distribution networks in APAC.

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), and Analogic Corporation (U.S.) are some of the key players in the global Ultrasound Market, in 2015.

Browse Related Reports: 

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Minimally Invasive Surgical Instruments Market by Product (Handheld Instruments, Guiding Device, Inflation Systems, Auxiliary Instruments, Cutter Instruments), Application (Cardiothoracic, Vascular Surgery, Cosmetic, Urological) - Global Forecast to 2019

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About MarketsandMarkets
MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.


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