Description
The global ultrasound devices market was valued at USD 5,700 million in 2015 and is projected to reach USD 7,033 million by 2021 , at a CAGR of 3.7 % during the forecast period from 2016 to 2021 . Improvements in the ultrasound technology are increasing the demand for ultrasound devices , globally .
Market Dynamics Government and private funding for R & D in ultrasound imaging , aging population , increasing number of healthcare providers , curtailment in the size of ultrasound devices , and higher incidences of chronic diseases are some of the factors that are propelling the growth of the market . However , lack of skilled labor to handle the equipment and stringent FDA regulations are turning out to be restraints for this market .
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Market Segmentation The global ultrasound market has been segmented by Application - Anesthesiology , obstetrics / gynecology , cardiology , musculoskeletal , radiology , emergency department , critical care and others .
The cardiology sub-segment contributes the highest share . Some values in the chart may be randomized . Actual data available on report purchase Technology - 2D ultrasound imaging , 3D & 4D ultrasound imaging , Doppler imaging High-intensity focused ultrasound . 2D ultrasound accounts for the largest market share
Some values in the chart may be randomized . Actual data available on report purchase Type - Stationary ultrasound imaging and Portable ultrasound imaging . Currently , the demand for handheld ultrasound devices is on the rise owing to the shifting trend towards home healthcare and remote patient monitoring to reduce hospitalization cost .
Some values in the chart may be randomized . Actual data available on report purchase Geography- North America , Europe , Asia-Pacific , Latin America , Middle East and Asia . North America has the largest market size with more than 30 % of the global market , which is slightly higher than the European market . Asia-Pacific is considered to be an emerging market for ultrasound devices , due to the increase in population and large investments in the field of R & D of ultrasound equipment .
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Some values in the chart may be randomized . Actual data available on report purchase Many players in this market are trying to expand their product portfolio to top the global market . Few
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