North America Ultrasound Devices Market is projected to reach USD 1.97 Billion by 2021
The North America Ultrasound Devices Market has been estimated at USD 1.55 Billion in 2016 and is projected to reach USD 1.97 Billion by 2021, at a CAGR of 4.9% during the forecast period from 2016 to 2021. Ultrasound imaging uses sound waves to produce pictures of the inside of the body.
It is used to help diagnose the causes of pain, swelling and infection in the body’s internal organs and to examine a baby in pregnant women and the brain and hips in infants. It’s also used to help guide biopsies, diagnose heart conditions, and assess damage after a heart attack.
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In North America, the introduction of technically advanced products with user-friendly and compact designs that offer easy portability is the prime factor resulting in the rapid adoption of handheld devices. Moreover, the shifting trend towards home healthcare and remote patient monitoring to reduce hospitalization cost is augmenting the demand for handheld ultrasound devices.
The restraint associated with the growth of the global ultrasound device market includes stringent regulations for the approval of ultrasound device.
North America market for Ultrasound devices is segmented based on Technology, Device Display, Portability, and Application. By Technology, the market is segmented as Diagnostic Ultrasound (2D Ultrasound, 3D & 4D Ultrasound, Doppler Ultrasound) and Therapeutic Ultrasound (High-intensity Focused Ultrasound, Extracorporeal Shockwave Lithotripsy).
By Device Display, the market is segmented as Color Ultrasound Devices and Black and White Ultrasound Devices. By Portability, the market is segmented as Trolley/Cart-based Ultrasound Devices and Compact/Handheld Ultrasound Devices.
By Application, the market is segmented as Radiology/General Imaging, Cardiology, Obstetrics/Gynecology, Vascular, Urology and Other Applications (Includes Breast Imaging, Hepatology, Anesthesiology, and Emergency Care). The trolley/cart-based ultrasound devices segment is expected to account for the largest share of the North America ultrasound market in 2015; whereas, the compact/handheld ultrasound devices segment is expected to grow at the highest CAGR during the forecast period.
Cardiology application is expected to be the fastest growing segment during forecast period owing to rising incidence of cardiac diseases across the globe.
Geographically, North America market for Ultrasound devices is segmented into U.S.A and Canada. U.S.A holds the largest share. Well-established healthcare infrastructure and escalating adoption of home healthcare and remote patient monitoring are the prime factors pushing the growth of the market in North America.
The high adoption rate of advanced technology in the region is augmenting the demand for miniaturized user-friendly devices.
General Electric Company (U.S.), 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.) are some of the key players in the North America ultrasound market.
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