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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