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Published Date: 2016-03-25Number of Pages: 94

Ultrasound Devices Market (Cart/Trolley based Ultrasound devices, Compact Ultrasound devices, 2-D Ultrasound Imaging, 3-D and 4-D Ultrasound Imaging, Doppler Ultrasound Imaging, High Intensity Focused Ultrasound, Lithotripsy Ultrasound Imaging; Radiology, Obstetrics and Gynecology, Cardiovascular, Gastroenterology) - Global Industry Analysis, Size, Volume, Share, Growth, Trends, and Forecast 2015 - 2023

Ultrasound devices are used as both diagnostic imaging and therapeutic modality, and has wide range of applications in the medical field. This report on the global ultrasound device market analyses the current and future prospects of the market. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments and sub-segments. This section also provides the overall information and data analysis of the global ultrasound device market with respect to the leading market segments based on type of product, technology, and geography.

The market overview section of the report includes qualitative analysis of the overall ultrasound device market, including the factors determining the market dynamics such as drivers, restraints and opportunities, along with Porter’s Five Forces Analysis. Additionally, various analyses such as market attractiveness analysis by geography and competitive landscape by key players has been provided. The market attractiveness analysis explains the intensity of competition in the market in different geographies. The competitive scenario between different market players is evaluated through market share analysis. These factors would help the market players to take strategic decisions in order to strengthen their positions and expand their share in the global market.

The global ultrasound device market has been segmented based on product type, technology, and geography. Based on product type, the ultrasound devices market has been categorized into two major segments: cart/trolley based and compact ultrasound devices. Based on technology, the global ultrasound device market has been segmented into five types: 2-D ultrasound imaging, 3-D and 4-D ultrasound imaging, Doppler ultrasound imaging, high intensity focused ultrasound (HIFU), and lithotripsy ultrasound imaging. Based on application, the market has been segmented into radiology, obstetrics and gynecology, cardiovascular, gastroenterology, and other applications. Market revenue in terms of US$ Mn and installed base in terms of Units for the period between 2013 and 2023 along with the compound annual growth rate (CAGR %) from 2015 to 2023 are provided for all the segments, considering 2014 as the base year.

Geographically, the ultrasound devices market has been categorized into four regions: North America, Europe, Asia Pacific, and Rest of the World (RoW). North America comprises the U.S. and Canada. Europe constitutes Germany, the U.K., and Rest of Europe. Asia Pacific comprises China, Japan, and Rest of Asia Pacific. Rest of the World constitutes Latin America and Middle East & Africa. The recommendations section included in the report would assist existing players to expand their market share and new companies to establish their presence in the ultrasound devices market. The report also profiles major players in the ultrasound devices market based on various attributes such as company overview, financial overview, business strategies, product portfolio, and recent developments. Major players profiled in this report include GE Healthcare, FUJIFILM Holdings Corporation, Koninklijke Philips N.V., Mindray Medical Corporation, Esaote SpA, and Analogic Corporation.

The global ultrasound device market is segmented as follows:

Global Ultrasound Devices Market, by Product Type

  • Cart/Trolley based Ultrasound devices
  • Compact Ultrasound devices

Global Ultrasound Devices Market, by Technology

  • 2-D Ultrasound Imaging
  • 3-D and 4-D Ultrasound Imaging
  • Doppler Ultrasound Imaging
  • High Intensity Focused Ultrasound (HIFU)
  • Lithotripsy Ultrasound Imaging)

Global Ultrasound Devices Market, by Application

  • Radiology
  • Obstetrics and Gynecology
  • Cardiovascular
  • Gastroenterology
  • Other Applications

Global Ultrasound Devices Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • Latin America
    • Middle East & Africa

Table of Contents

Chapter 1 Introduction
1.1 Report Description
1.2 Research Methodology
1.3 Market Segmentation
1.4 Assumptions

Chapter 2 Executive Summary
2.1 Market Snapshot

Chapter 3 Global Ultrasound devices Market Overview 
3.1 Market Definition and Overview
3.2 Future Market Trends
3.3 Market Dynamics
      3.3.1 Drivers
      3.3.2 Restraints
      3.3.3 Opportunities
3.4 Porter’s Five Forces Analysis
3.5 Event Impact Analysis
3.6 PESTEL Analysis
3.7 Market Attractiveness Analysis of the Global Ultrasound devices Market, by Geography, 2014
3.8 Competitive Landscape
      3.8.1 Market Share Analysis, by Key Players, 2014 (Value %)

Chapter 4  Global Ultrasound devices Market Revenue, by Product Type, 2015 – 2023 
(USD Million)
4.1 Overview
4.2 Cart/Trolley based Ultrasound devices
4.3 Compact Ultrasound devices

Chapter 5 Global Ultrasound devices Market Revenue, by Technology, 2015 – 2023 (USD Million)
5.1 Overview 
5.2 2-D Ultrasound Imaging
5.3 3-D and 4-D Ultrasound Imaging
5.4 Doppler Ultrasound Imaging
5.5 High Intensity Focused Ultrasound (HIFU)
5.6 Lithotripsy Ultrasound Imaging

Chapter 6 Global Ultrasound devices Market Revenue, by Application, 2015 – 2023 (USD Million) 
6.1 Overview
6.2 Radiology
6.3 Obstetrics and Gynecology
6.4 Cardiovascular
6.5 Gastroenterology
6.6 Other Application

Chapter 7 Global Ultrasound devices Market Revenue, By Countries, 2015 - 2023 (USD Million)
7.1 Overview
7.2 North America
      7.2.1  U.S.
      7.2.2 Canada
7.3 Europe
      7.3.1 UK
      7.3.2 Germany
      7.3.3 Rest of Europe
7.4 Asia Pacific
      7.4.1 China
      7.4.2 Japan
      7.4.3 Rest of Asia Pacific
7.5 Rest of the World
      7.5.1 Latin America
      7.5.2 Middle-East & Africa

Chapter 8 Recommendations

Chapter 9 Company Profiles
9.1 Analogic Corporation
      9.1.1 Company Overview
      9.1.2 Financial Overview
      9.1.3 Product Portfolio
      9.1.4 Business Strategies
      9.1.5 Recent Development
9.2 Esaote S.p.A. 
9.3 Fujifilm Holdings Corporation 
9.4 GE Healthcare
9.5 Hitachi Medical Corporation
9.6 Mindray Medical International Limited
9.7 Philips Healthcare
9.8 Samsung Medison Co. Ltd
9.9 Siemens Healthcare
9.10 Toshiba Medical Systems Corporation
9.11 Others

Ultrasound is a mature and widely used medical diagnostic technique that allows examination of different parts of a human body. Ultrasound emits high-frequency sound waves directed toward human body parts. A number of conventional ultrasonic instruments, devices, and sophisticated software are commercialized and used for medical applications.

The global ultrasound devices market is anticipated to grow at a significant rate during the forecast period due to rise in incidence of target diseases, increase in global geriatric population, technological advancements, and rise in government and private body initiatives. According to World Health Organization (WHO) estimates, cardiovascular diseases (CVD) account for 9.4 million deaths globally each year. The number is likely to increase to 23.3 million by 2030. Elderly people are susceptible to various ailments such as abdominal disorders and cardiovascular diseases. Therefore, ultrasound devices are used extensively to diagnose these disorders in elderly people. The global geriatric population is expected to grow at the fastest rate in developed countries such as the U.S. and Japan. According to the World Health Organization, the global geriatric population was around 524 million in 2010. It is anticipated to reach 1.5 billion by 2050. According to the U.S. Census Bureau, around 13% of the country’s population was 65 years and above in 2009. It is estimated to grow at a rate of 20% until 2030. Excise duty imposed on ultrasound device manufacturers, changes in laws and regulations affecting the health care industry, and failure to comply with current and future environmental regulations are likely to hamper market growth. Ultrasound devices face strong competition from other techniques such as PET, SPECT, and CT. Considering the current economic scenario, demand for refurbished ultrasound devices in the region is considerably high due to cost effectiveness. Small and mid-sized health care institutions are reluctant to replace ultrasound devices due to high cost of new devices. Currently, new players in the ultrasound devices market face high entry barriers such as significant investment and regulatory approvals to promote a particular ultrasound device.

The global ultrasound devices market has been estimated based on product type, technology used, application, and geography. Based on product type, the global market has been segmented into cart/trolley based ultrasound devices and compact ultrasound devices. The cart/trolley based ultrasound devices segment held the largest share of the market in 2014 in terms of both revenue and installed units sold. The segment is likely to continue to dominate the market during the forecast period. Based on technology, the global ultrasound devices market has been segmented into 2-D ultrasound imaging, 3-D and 4-D ultrasound imaging, Doppler ultrasound imaging, high intensity focused ultrasound (HIFU), and lithotripsy ultrasound imaging. The 3-D and 4-D ultrasound segment held the largest share of the market in 2014 and is expected to continue to dominate the market during the forecast period. This segment is likely to expand at a high CAGR from 2015 to 2023. In terms of installed units, 2-D ultrasound accounted for the largest share of the ultrasound devices market. Based on application, the radiology segment held the largest share of the market in 2014. The segment is anticipated to continue to dominate the market during the forecast period.

Geographically, the ultrasound devices market has been categorized into four regions: North America, Europe, Asia Pacific, and Rest of the World (RoW). Europe held the largest share of the ultrasound devices market in 2014, followed by Asia Pacific. North America was identified as the third largest market for ultrasound devices in 2014. The market in the region is expected to expand at a low CAGR during the forecast period. Low market revenue and growth in North America is due to the preference of other imaging technologies.

GE Healthcare, FUJIFILM Holdings Corporation, Koninklijke Philips N.V., Mindray Medical Corporation, Esaote SpA, and Analogic Corporation are the major players operating in the global ultrasound devices market. GE Healthcare is the leading player in the ultrasound devices market.

 

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