According to a latest report published by Progressive Markets, titled, Global Ultrasound Market– Size, Trend, Share, Opportunity Analysis & Forecast, 2014-2025, the industry is anticipated to rise with a CAGR of 5.7% for the period, 2017-2025. The research is suitable for manufacturers, stakeholders, and new entrants as it offers a comprehensive analysis of factors that either drive or restrict growth of the market.
The research encompasses an executive summary of the global ultrasound market which includes key findings, market trends, competitive landscape, and recent developments. It offers a brief description of the industry, such as introduction, classification, and definition. It includes Porters Five Forces Analysis (PFFA) to understand competition scenario of the industry. These scenarios include bargaining power of customers & buyers, industry rivalry, threat of substitutes & new entrants. It segments the industry into applications, regions, delivery types, device portability, and product types.
As per the report, the global ultrasound market finds applications in radiology, urology, obstetrics, cardiology, and vascular. Based on the product type, it segments the industry into therapeutic ultrasound systems, extracorporeal shockwave lithotripsy (ESWL), high-intensity focused ultrasound (HIFU), doppler imaging, diagnostic ultrasound systems, 3D & 4D imaging systems, and 2D imaging systems. Based on device display, it bifurcates the market into colored ultrasound devices and black/ white ultrasound devices. The geographical distribution of the industry includes Latin America Middle East & Africa (LAMEA), North America, Asia-Pacific, and Europe. These areas are further categorized into countries, such as Canada, U.S., and Mexico for the North American region. The LAMEA countries included are Saudi Arabia, Brazil, and South Africa. The nations of Europe discussed are France, U.K., Italy, Spain, and Germany. The Asia-Pacific countries explored in the report include Japan, China, India, Australia, and South Korea.
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The report splits the global ultrasound market into trolley/cart-based ultrasound devices and compact/handheld ultrasound devices. Further, it describes the factors that are capable to boost growth of the industry, such as advancements in technology for ultrasound machines and rise in penetration of the therapeutic and diagnostic ultrasound. The alternative aspects that drive the market include increase in incidences of chronic diseases, rise in awareness, growth in demand to reduce invasive surgeries, and increase in investments by the government in order to advance and modernize the healthcare infrastructure. The research also emphasizes on the factors that restrict progress of the market, such as boundaries in ultrasound imaging and dearth of skilled professionals.
The study discusses leading manufacturers of the global ultrasound market which includes Analogic Corporation, Fujifilm Corporation, Toshiba Corporation, Esaote SpA, General Electric Company, Koninklijke Philips N.V., Hitachi, Ltd., Mindray Medical International Limited, Siemens Healthcare, and Samsung Medison Co. Ltd..
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It assesses each firm on the basis of business & finance segments and recent development. In addition, the report provides an overview of every market player. It also studies strategies adopted by the market players, for instance, Fujifilm Corporation introduced new version of the Sonosite SII ultrasound system in April 2016.
The research evaluates share of the global ultrasound market by each region, product type, device portability, device display, and application for the period, 2014-2025. The research assesses the market share of every region, device display, device portability, application, and product type for the historic period as well as forecast period, 2014-2016 and 2017-2025 respectively. It includes all the aforementioned characteristics in form of tables and figurers. For instance, some tables give brief description of vendors under the title of company snapshot. The market value by each country, application, device display, device portability, and type are represented in tables for the period, 2014-2025. The same parameters are represented through pictures. For instance, the revenue generated by every market landscape of the market is illustrated through figures for the historic as well as forecast period.
The report on the global ultrasound market offers various takeaways which includes comprehensive evaluation of aspects that are have potential to restrict or drive the industry. The analysts explore competitive scenario which helps them to understand the present rivalry within the geographical locations. Further, they assess the opportunities that prevail within these regional distributions. An in-depth assessment of developments in the market aids manufacturers and new entrepreneurs to understand the industry behavior. The research thoroughly follows the status of the products and also provides a substantial examination of top manufacturers of the market framework.
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Table of Content for Ultrasound Market
- Executive summary
1.1. Key findings
1.2. Market attractiveness and trend analysis
1.3. Competitive landscape and recent industry development analysis
2.1. Report description
2.2. Scope and definitions
2.3. Research methodology
3. Market landscape
3.1. Growth drivers
3.1.1. Impact analysis
3.2. Restrains and challenges
3.2.1. Impact analysis
3.3. Porters analysis
3.3.1. Bargaining power of buyers
3.3.2. Bargaining power of suppliers
3.3.3. Threat of substitutes
3.3.4. Industry rivalry
3.3.5. Threat of new entrants
3.4. Global ultrasound market shares analysis, 2014-2025
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The company makes use of primary corporate research and secondary inputs from trusted sources to build its own reference base. It maintains consistency in quality as it keeps itself updated with changes in market dynamics and gauging its net effect on global business trends.
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