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Detailed examination of the ultrasound devices market forecast to 2021

Medical Market Research

Mobile devices segment is about to dominate the Ultrasound Devices segment by 2022

According to the report Ultrasound Devices Market, published by Market Data Forecast, the Global market is projected to reach USD 1.07 billion by 2022, at a CAGR of 6.15% from 2017 to 2022.

Ultrasound imaging is a method of generating imaging using ultrasounds to visualize the internal organs and muscles of the body. They have numerous applications in the field of radiology/general imaging, obstetrics/gynecology, cardiology, urology, vascular, and other emergency clinical areas such as emergency medicines, anesthesiology, and musculoskeletal.

Recent advancements resulted in the engineering of mobile ultrasound devices.

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Ultrasound Devices Market: Drivers & Restraints

Factors accountable for the growth of market are Increasing number of diagnostic imaging techniques and increasing awareness among the individuals for the early diagnosis of clinical disorders. Also, factors like extensive use in obstetrics and increasing funding for R&D are also assisting in the growth of market.

On the other hand, lack of skilled professionals and professional sonographers and expensive costs of ultrasound imaging systems are the factors limiting the growth of market.

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Ultrasound Devices Market: Segmentation

By Technology                      

  • Diagnostic Ultrasound

o   2D ultrasound

o   3D and 4D ultrasound

o   Doppler ultrasound

  • Therapeutic ultrasound

o   High-Intensity Focused Ultrasound

o   Extracorporeal Shockwave Lithotripsy

By Device Display

  • Color Ultrasound Devices
  • Black and White Ultrasound Devices

By Portability

  • Trolley/Cart-based Ultrasound Devices
  • Compact/Handheld Ultrasound Devices

By Application

  • Radiology/General Imaging
  • Cardiology
  • Obstetrics/Gynaecology
  • Vascular
  • Urology
  • Others

By Geography                      

  • North America        

o   United States 

o   Canada

  • Europe            

o   U.K

o   Spain

o   Germany

o   Italy  

o   France

  • Asia-Pacific          

o   China    

o   India

o   Japan  

o   Australia  

o   South Korea   

  • Latin America               

o   Brazil  

o   Argentina

o   Mexico

o   Rest of Latin America    

  • Middle East & Africa        

o   Middle-East 

o   Africa

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Ultrasound Devices Market: Overview

Based on Portability, Trolley/Cart based Ultrasound Devices hold the major share in the market while mobile segment in expected to dominate by 2022 due to rising awareness for point-of-care testing systems, easy operation and economic feasibility. Based on application obstetrics holds the major market share is expected to continue its dominance due to increasing awareness regarding the necessity for health monitoring of pregnant women during pregnancy

Regionally, North America dominated the Ultrasound Devices market due to the presence of a robust healthcare infrastructure and increasing expenditure on healthcare. Asia Pacific is expected to grow the fastest due to increasing adoption rate and rapid modernization of healthcare infrastructure in countries of China, India and Japan.

Ultrasound Devices Market: Key Players

Samsung Electronics Co., Ltd. (South Korea), FUJIFILM Holdings Corporation (Japan), Esaote S.p.A. (Italy), General Electric Company (U.S.), Koninklijke Philips N.V. (Netherlands), Toshiba Corporation (Japan), Siemens AG (Germany), Hitachi Ltd. (Japan), Mindray Medical International Ltd. (China), and Analogic Corporation (U.S.) are some of the key players in the global ultrasound market.

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