According to the report “ Ultrasound Devices Market by Technology (Diagnostic Ultrasound, Therapeutic Ultrasound), by Device Display (Color Ultrasound Devices and Black, White Ultrasound Devices), by Portability (Trolley/Cart-based Ultrasound Devices, Compact/Handheld Ultrasound Devices), by Application (Radiology/General Imaging, Cardiology, Obstetrics/Gynecology, Vascular, Urology, Other Applications), and by Region – Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021) “, published by Market Data Forecast, the global market is projected to reach USD 7.59 Billion by 2021, at a CAGR of 5.7% from 2016 to 2021.
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Ultrasound is a medical imaging modality that uses high-frequency sound waves to visualize the internal organs of the body. It uses sound waves to produce pictures of the inside of the body. Cost effectiveness, safety, high accessibility, and clinical value in preliminary diagnosis are strengthening the technology value proposition in technological advancements in the ultrasound market.
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Factors such as ease of operability, lower device cost, and less electricity consumed as compared to trolley-based devices, growing market demand for portable ultrasound devices for point-of-care applications, and increasing product commercialization of innovative compact and portable devices across major markets are contributing to the high growth of this market.
Global market for Ultrasound Devices is segmented based on technology, device display, portability and application. They are divided into further sub-segments as follows:
1) By Technology
2) By Device Display
3) By Portability
4) By Application
5) Geographically, the market for Ultrasound Devices is segmented as below:
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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 global ultrasound market.
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