Medical Devices Ultrasound Device Market Research Report | Page 2
Hexa Research
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devices are further segmented into 2D devices and 3D/4D devices. They accounted for the
largest market share in 2015 due to a variety of applications in radiology, obstetrics, and
oncology. Therapeutic ultrasound devices include HIFU (High Intensity Focused
Ultrasound) and ESWL Extracorporeal Shockwave Lithotripsy).
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Based on portability, the market is divided into handheld devices and cart/trolley based
devices. Handheld devices are expected to grow as a result of increasing preference for
home healthcare and remote patient monitoring. They are likely to grow at a CAGR of 6.5%
over the forecast period.
Regional segmentation encompasses Europe, North America, Asia Pacific, MEA (Middle
East & Africa) and Latin America. North America was the leading region (26% revenue
share) in 2014. Key regional drivers include a well-established healthcare system, and
rising preference for remote healthcare. Advanced technology in this region is also creating
demand for miniature user-friendly devices.
Asia Pacific should also grow lucratively during the forecast period. Presence of large
industry players in Japan and China contributes to the same. Moreover, this region is home
to highly populous countries like China and India. These and other developing nations are
creating a large customer of pool for various ailments requiring ultrasound screening. These
factors will result in the Asia Pacific market growing at a CAGR of 9.7% in the eight years
ahead.
Prominent participants in the global ultrasound devices market include Hitachi Medical
Corporation, Siemens Healthcare GmbH, Samsung Medison, and Toshiba Medical Systems
Corporation.
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