Ultrasound imaging is a medical device that helps doctors to diagnose, evaluate, and treat medical conditions. The ultrasound procedure is low in cost compared to other imaging techniques and minimally invasive method. Medical ultrasound imaging procedure is progressively infiltrating almost every field of medicine. Previously, ultrasound was used by radiologists to capture images primarily for vascular, cardiac care and in gynecology. Currently, its application has broadened into sports medicine, orthopedics, critical care, sports medicine, rheumatology, pain clinics and numerous other medical specialties.
The worldwide market for ultrasound is expected to grow at the significant rate due to increasing incidences of various diseases. Furthermore, rising demand from healthcare industry for disease diagnosis and innovation in imaging technology may boost the market growth during the forecast period. However, unfavorable healthcare regulations in developed countries are expected to hamper the growth of ultrasound market over the years.
Report with TOC at https://www.zionmarketresearch.com/report/ultrasound-market
The report provides a comprehensive view of the ultrasound market. The report also provides Porter’s Five Forces analysis for the market. The ultrasound report includes a market attractiveness analysis, wherein product segments are benchmarked based on their market size, growth rate, and general attractiveness. All segments have been analyzed based on present and future trends and the market is estimated from 2015 – 2021. The study also provides an impact of different market factors such as drivers, restraints, and opportunities on ultrasound market on a global level.
The global ultrasound business sector is classified on the basis of technology, application, product, and region. On the basis of product, ultrasound market is divided into compact ultrasound devices and cart/trolley based ultrasound devices. The cart/trolley based ultrasound devices were the largest product segment of the market in 2015 and it is expected to continue the market dominance in the forecast period. Cardiology, urology, gastroenterology, radiology, gynecology and other are the application segments of ultrasound market. In 2015, radiology segment accounted for the leading share due to growing prevalence of stem cell-based injuries and high birth rate. Cardiology application segment is expected to demonstrate the maximum growth over the forecast period owing to increasing incidences of cardiac disorders and increasing demand for technological advancement in ultrasound. By technology, the market is bifurcated into Doppler, 2D ultrasound, 3D ultrasound, 4D ultrasound, and other ultrasound technologies.
Europe is expected to account for the leading share of the worldwide market in 2015, followed by North America. Factors such as increasing market penetration of therapeutic ultrasound and growing emphasis on minimally invasive procedures are driving the market in the European region. Asia-Pacific is expected to be the fastest-growing region in the ultrasound market within the forecast period, owing to increasing number of age-related illnesses and growing public awareness about therapeutic benefits offered by ultrasound.
Some of the key participants in ultrasound market are Siemens AG, GE Healthcare, Analogic Corporation, FUJIFILM Holdings Corporation, Mindray Medical International Ltd, Esaote SpA, Hitachi Ltd, and among others.