Diagnostic Ultrasound Market: An Overview
The global diagnostic ultrasound market is expected to witness a stellar growth during 2018-2028. This is mainly attributed to the growing number of patient pool opting for diagnostic ultrasound.
Diagnostic ultrasound is a technique which is used to create internal image of body such as muscles, tendons, blood vessels, and joints. This helps in finding the source any disease, thus aid in dedicated vaccination. The technique is widely used to examining wellbeing of fetus in pregnant women.
An upcoming report on global diagnostic ultrasound market by Transparency Market Research is expected to offer an in depth analysis on industry. The report will throw light on market several segments of the diagnostic ultrasound market. Along with this, the report is anticipated to consists of vital data that will indicate growth and latest trend in the global diagnostic ultrasound market during the forecast period.
Diagnostic Ultrasound Market: Notable Developments
Some of the recent development in the diagnostic ultrasound market are-
Players in the ultrasound market are emphasizing on the use of advanced technology to improve the efficiency of diagnostic ultrasound. For instance, use of Doppler ultrasound concept to estimate blood flow and pressure is expected to swell the demand of diagnostic ultrasound in the coming years. With the help of this technique, the adequate image of internal organ can be taken without the need of injecting patients with contrasting dye.
Some of the key industry players operational in the diagnostic ultrasound market are C.R. Bard, FujiFilm, Fukuda Denshi, GE Healthcare, Hitachi, and Philips. These players are focus on the strategies such as merger, acquisition, partnerships as well as new product launch in order to stay competitive in the diagnostic ultrasound market.
Diagnostic Ultrasound Market: Key Trends
The global diagnostics ultrasound market is anticipated to rise at significant pace. This is due to the rising burden of chronic diseases worldwide. Along with this, surge in geriatric population base is another factor projected to drive the diagnostic ultrasound market during the forecast period. growth over the forecast period. This is because, elderly people are more prone to diseases as compared to younger one. This is expected to impact business growth positively. Furthermore, rising investments in improving healthcare facilities is another factor expected to fuel the growth of the diagnostic ultrasound market.
Along with this, factors such as increasing prevalence of target diseases, shifting patient preference towards minimally invasive procedures, increase in number of diagnostic centers & hospitals, technological advancement and growing public and private investments, funding, and grants are some crucial growth driver in the diagnostic ultrasound market.
However, high costs of diagnostic ultrasound, dearth of skilled professionals, inadequate awareness in developing region are some factors expected to impede growth in the diagnostic ultrasound market.
Nevertheless, significant rise in birth rates in various countries due to improvement in healthcare infrastructure and use of diagnostic ultrasound during pregnancy is anticipated to fuel the global market in the coming years.
Diagnostic Ultrasound Market: Regional Outlook
Geographically, North America is anticipated to witness highest growth rate in the diagnostic ultrasound market over the forecast period. This is attributed to rise in use of advanced electronics equipment in medical devices, higher awareness among people, early disease diagnosis tendency of people and ongoing technological advancements.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.