Ultrasound market is expected to reach USD 6.86 billion by 2021 at a CAGR of 5.2% during 2016-2021. North America and Europe held largest share of market in 2016; however, Asia-Pacific region is poised to be the fastest growing region during next five years owing to factors like rising incidence of chronic and infectious diseases, increase in awareness related to advanced diagnostic & therapeutic ultrasound, and continuously rising healthcare expenditure.
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Report also studies, factors (such as drivers, restraints, opportunities, & challenges) which affect market growth in a positive and negative manner. It analyzes opportunities & challenges in market for stakeholders & provides details of competitive landscape for market leaders.
Ultrasound market report analyzes micro markets with respect to their individual growth trends, prospects, & contributions to ultrasound market.
Key Target Audience
- Ultrasound device manufacturing companies
- Healthcare service providers (including hospitals and clinics)
- Research and development (R&D) companies
- Research institutes and clinical research organizations (CRO’s)
- Market research and consulting firms
- Medical device suppliers and distributors
- Diagnostic centers
- Market research and consulting firms
Ultrasound market is classified into radiology/general imaging, obstetrics/gynecology, cardiology, urology, vascular, and other applications (including neurology, mammography, emergency medical imaging, hepatic imaging and renal imaging, and point-of-care). In 2016, the radiology/general imaging application segment commanded the largest share of the market.
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Ultrasound market is fairly competitive, with a large number of global and local manufacturers of ultrasound products. General Electric Company (U.S.), Koninklijke Philips N.V.
(Netherlands), and Toshiba Corporation (Japan) were the top three players in the market in 2015. Product launches, approvals, & product enhancements; agreements, partnerships, & collaborations.
Ultrasound Market, by Application
- Radiology/General Imaging
Ultrasound Market, by End Users
- Hospitals and Diagnostic & Surgical Centers
- Maternity Centers
- Ambulatory Care Centers
- Research and Academic Institutes
Key players in ultrasound market include Koninklijke Philips N.V. (Netherlands), Toshiba Corporation (Japan), Siemens AG (Germany), Hitachi Ltd.
(Japan), Samsung Electronics Co., Ltd. (South Korea), FUJIFILM Holdings Corporation (Japan), Esaote S.p.A.
(Italy), Mindray Medical International Ltd. (China), and Analogic Corporation (U.S.).
This report studies the ultrasound market based on technology, device display, device portability, application, and end user.The report also studies, the factors (such as drivers, restraints, opportunities, and challenges) which affect the market growth in a positive and negative manner.
It analyzes opportunities and challenges in the market for stakeholders and provides details of the competitive landscape for market leaders. Furthermore, the ultrasound market report analyzes the micro markets with respect to their individual growth trends, prospects, and contributions to the ultrasound market.
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