Market Industry Reports (MIR) has published a new report titled “Ultrasound Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the Global Ultrasound Market was estimated to account for over US$ 6.6 Billion by 2019. The market is anticipated to grow at a CAGR of 5.7% from 2019 to 2030.
The market growth can be attributed to several factors, which has led to its wide-scale adoption. Rising incidence of target diseases, technological advancements and increasing number of diagnostic centers & hospitals are anticipated to drive its demand in the coming years. However, stringent government regulation is likely to restrain the market to a certain extent.
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Some of the prominent players in the Ultrasound Market include:
Canon Medical Systems, General Electric Company, Hitachi, Philips, Samsung Electronics and FUJIFILM Holdings Corporation and Siemens AG
To impart proper training to clinicians, prominent players are continuously collaborating with several institutes, research centers, and companies. For instance, In October 2018, GE Healthcare collaborated with SonoSim, a global leader in ultrasound education and training with an aim to offer enhanced education services to new and existing ultrasound users around the world.
Incidences & prevalence of chronic diseases especially cancer and geriatric population are rapidly growing globally. Geriatric populations are highly prone to diseases due to various structural and functional changes. Therefore, the demand for early detection of diseases is incessantly rising, which in turn is likely to spur the demand of ultrasound devices which are routinely used for diagnosis and monitoring of a wide range of diseases.
The Ultrasound Market is segmented on the basis of Product, Modality, Cancer Type, End-Users and region.
By Device Display:
Color Ultrasound and Black & White (B/W) Ultrasound
Radiology/General Imaging, Obstetrics/Gynecology, Cardiology, Urology, Orthopedic & Musculoskeletal, Pain Management and Vascular
Type of Product:
Diagnostic Ultrasound and Therapeutic Ultrasound
Trolley/Cart-Based System, Compact/Handheld System and Point-of-Care (POC) Systems
Hospitals, Surgical Centers, & Diagnostic Centers; Maternity Centers; and Ambulatory Care Centers
As a standard protocol at MIR, all research assignments go through the following rigorous processes.
- Secondary Research
- Primary Research
- Market Size Estimation & Forecasting
- Data Validation & Triangulation
- Report Generation
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Table of Contents
- Market Definition
- Market Classification
- Geographic Scope
- Years Considered for the Study: Historical Years – 2017 & 2018; Base Year – 2019; Forecasted Years – 2020 to 2030
- Currency Used
- RESEARCH METHODOLOGY
- Research Framework
- Data Collection Technique
- Data Sources
- Market Estimation Methodology
- Data Validation and Triangulation
- ABSTRACT OF THE STUDY
- MARKET DYNAMICS ASSESSMENT
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