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Global Ultrasound Devices Market to Reach US$8.7 bn by 2019 owing to Rising Geriatric Population

Posted on Dec 29, 2015

Transparency Market Research has published a new report on the global ultrasound devices market. According to the report, the global ultrasound devices market is expected to progress from US$5.4 bn in 2012 to US$8.7 bn by 2019. The report, titled ‘Ultrasound Devices Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019’, states that the global ultrasound market is predicted to expand at a 6.40% CAGR during the period from 2013 to 2019.

 

Browse the full Ultrasound Devices Market (By Product Type - Cart/Trolley Based Ultrasound Devices and Compact Ultrasound Devices, By Technology - 2-D, 3-D & 4-D, Doppler, HIFU and Lithotripsy and By Application - Obstetrics and Gynecology, Cardiovascular, Abdominal and Others) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019? report at https://www.transparencymarketresearch.com/ultrasound-devices-market.html

Ultrasound devices enable medical professionals and physicians to capture images of internal organs of a patient’s body to diagnose various diseases. Ultrasound devices also assist surgeons in guiding the movements of surgery equipment during the surgical procedures. Constant advancements in ultrasound devices and their imaging quality is expected to propel the global ultrasound market in the years to come. 

 

The global ultrasound devices market is segmented on the basis of product type, geography, application, and technology. By product type, the global ultrasound market is classified into cart/trolley-based ultrasound devices and compact ultrasound devices. The growing aging population is the primary factor expected to drive the global ultrasound market during the forecast period. Rise in the incidence of cardiovascular diseases, oral diseases, and others is expected to further propel the global ultrasound market in the years to come. In 2012, in terms of volume and value, the global ultrasound market was dominated by the cart/trolley-based ultrasound devices segment. 

ultrasound-devices-market

Based on technology, the global ultrasound market is classified into 2-D ultrasound imaging, 3-D and 4-D ultrasound imaging, Doppler ultrasound imaging, high-intensity frequency ultrasound imaging, and lithotripsy ultrasound imaging. The market for ultrasound devices is extensively analyzed in the report by considering factors such as application area, incorporation of advanced technology, and efficiency. The 3-D and 4-D ultrasound imaging segment is predicted to expand at a 10.0% CAGR during the period from 2013 to 2019. Ability to effectively diagnose complex diseases will propel the market for 3-D and 4-D ultrasound imaging in the next few years.   

 

By application, factors such as the number of ultrasound procedures and efficiency of ultrasound equipment are used to study the global market for ultrasound devices. Based on application, the global ultrasound market is divided into obstetrics and gynecology, cardiovascular, abdominal, and others.

 

A favorable reimbursement scenario in many countries around the world and introduction of advanced ultrasound equipment such as LogiQ and VScan are predicted to drive the global ultrasound market during the forecast period. However, factors such as the rising cost of ultrasound devices and burden of the medical device excise tax on the sales of ultrasound device, especially in the U.S., is predicted to restrict the growth of the global ultrasound market in the coming few years. Based on geography, the global ultrasound market is divided into Asia Pacific, North America, Europe, and Rest of the World. Asia Pacific is expected to expand at a 7.50% CAGR during the period from 2013 to 2019.

 

GE Healthcare, Siemens Healthcare, Toshiba Medical Systems Corporation, and Philips Healthcare are some of the leading players in the global ultrasound devices market.

 

Key Segments of Global Ultrasound Devices Market

 

Ultrasound Devices Market, by Product Type

  • Cart/Trolley Based Ultrasound Device
  • Compact Ultrasound Device

Ultrasound Devices Market, by Technology 

  • 2-D Ultrasound Imaging
  • 3-D & 4-D Ultrasound Imaging
  • Doppler Ultrasound Imaging
  • High Intensity Frequency Ultrasound (HIFU) Imaging
  • Lithotripsy Ultrasound Imaging 

Ultrasound Devices Market, by Application

  • Obstetrics and Gynecology
  • Cardiovascular
  • Abdominal
  • Others (Ocular, MSK/Soft Tissue, Procedural Guidance studies and others) 

Ultrasound Devices Market, by Geography

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

 

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

 

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

 

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