Acumen Research and Consulting, a global provider of market research studies, has recently published a report titled “Ultrasound Equipment Market (By Portability: Trolley/Cart-based, Compact, Handheld; By Application: Obstetrics/Gynecology, General Imaging, Vascular Applications, Cardiologic Applications, Orthopedic Applications, Urological Applications, Pain Management, Others; By Equipment Display: Black & White, Color; By Technology: Therapeutic, Diagnostic) – Global Industry Analysis, Market Size, Opportunities And Forecast, 2019 – 2026” offers detailed insights of the market entailing insights on its different market segments.
The global ultrasound equipment market is expected to grow at a CAGR of around 6.3% from 2019 to 2026 and is expected to reach the market value of around US$ 10 Bn by 2026.
Ultrasound is a clinical imaging technology that makes use of sound waves to deliver photos of body’s internal part. It assists with diagnosing expanding, agony, and disease in internal organs and to look at a babies in pregnant ladies. Ultrasound is likewise help with performing sorts of biopsy and for restorative reason. The hardware has a little probe, a transducer and a gel set on the skin. High-recurrence sound waves travel through the gel from the test into the body.
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The test gathers the sounds that skip back from the inner organs. A PC framework utilizes these sound waves to make an Image. The image created by the framework can be shading or dark and white dependent on the innovation. Ultrasound doesn’t utilize radiations as utilized in x-beams and subsequently the technique is protected and effortless.
Huge number of mechanical progressions including 3D and 4D imaging in ultrasound hardware, passage of different local market players that offers practical reduced gadgets, expansion in commonness of constant sicknesses like coronary illness, malignancy, and diabetes, ascend in mindfulness about early analysis, and interest for insignificant intrusive treatments are a portion of the key driving components of the ultrasound gear market.
Introduction of different technological and innovative products by the global and regional players is expected to support the market in coming years. Different local players are available on the lookout, still GE Healthcare, Philips Healthcare, and Toshiba Medical caught about 55% of the general ultrasound gear market.
As indicated by the American Heart Association, by 2030, about 41.4% of US grown-ups will have hypertension (an expansion of 8.4% from 2012)
Cancer, for instance, is expected to increase from 14.1 million new cases to 18.1 million new cases during 2012–2018 (Source: GLOBOCAN, 2018).
Internationally, 415 million individuals had diabetes in 2015; by 2040, this figure will arrive at 642 million (Source: IDF Diabetes Atlas, eighth Edition). The quantity of diabetics in agricultural nations is relied upon to reach 228 million out of 2025.
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Market Segment Analysis
Based on portability, the ultrasound equipment market is segmented into trolley/cart based, compact, and handheld ultrasound. Trolley or cart based ultrasound equipment accounted for the largest share of the market in 2018.
Based on application, the market has been segmented into obstetrics/gynecology, general imaging, vascular applications, cardiologic applications, orthopedic applications, urological applications, pain management, and other applications. General imaging accounted for the largest share of the market in 2018.
Based on the type of equipment display, the market is divided into black & white ultrasound equipment and color devices. This can be attributed to high adoption of technologically advanced ultrasound equipment and growing awareness about advantages associated with color equipment. Based on technology, the market is further divided into therapeutic ultrasound and diagnostic ultrasound. The diagnostic segment accounted for the largest share of the market in 2018 due to significant usage of 2D ultrasound in women’s health and the growing applications of emerging ultrasound techniques.
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North America ruled the worldwide ultrasound gear market in 2018 and is expected to keep up its predominance during the figure time frame. This can be credited to presence of significant market players, mechanical headway in the field expands the productivity and precision of the test, high medical services mindfulness, and steady repayment for symptomatic testing. Moreover, expanding request from low and center pay nations from the areas of Asia Pacific and Latin America are probably going to impel the market development during the gauge time frame.
Asia pacific is required to develop at the quickest rate during the figure time frame because of venture by market players, advancement by nearby organizations, expanding mindfulness about ultrasound methods, developing number of exceptional emergency clinics and analytic research centers, and enormous populace base. India, China, and Japan are the major contributing nations around here. Be that as it may, dissemination difficulties and deficiency of talented clinical individual are a portion of the restricting variables of this area.
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