Infinium Global Research has added a new report on Ultrasound Devices Market. The report covers the analysis of global as well as regional markets of ultrasound devices. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. According to the report, the global ultrasound devices market is projected to grow at a CAGR of 5.2% over the forecast period of 2019-2025.
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An ultrasound device creates images of the organs inside the body that the letter used for the medical examination. The machine uses high-frequency sound waves, which reflect off body structures. A computer receives the waves and uses them to create a picture. Ultrasound devices are useful in the detection of developing fetus (unborn baby), a person’s abdominal and pelvic organs, muscles and tendons, or their heart and blood vessels.
Increasing Cases of Chronic Diseases are One of the Major Factors Contributing to the Growth of the Market
Increasing cases of chronic diseases are one of the major factors contributing to the growth of the market. The prevalence of chronic diseases such as cancer, brain disorders, and cardiovascular diseases has increased with a significant rate in the last decade. Early detection of the symptoms of diseases in such a situation becomes important to treat the patient with the right medicines, here the ultrasound devices play an important role. Moreover, growing disease diagnosis rate all over the world is another major factor contributing to the growth of the market, one of the common reasons for this is a rising rate of childbirth in developing countries.
Additionally, a rising number of routine medical checkups and an increasing number of detection for cancer tumors, abnormal tissue growth, kidney stones, and liver functioning are also contributing to the growth of the market. On the other hand, the high cost associated with the instruments and lack of trained technicians can hamper the growth of the market. However, rising awareness about chronic diseases and early diagnosis of the disease will provide better opportunities to the market.
North America Dominates the Global Market and Anticipated to Stay on Top in the Forecast Period
Geographically, the ultrasound devices market is segmented into North America, Europe, Asia-Pacific, and Row. North America dominates the global market and anticipated to stay on top of the forecast period. Rising funding from government and private sectors for the technological advancements of ultrasonic devices, improved healthcare infrastructure and the presence of big market players are contributing to the growth of the market. The market in Europe is anticipated to grow with a significant rate in the forecast period. Asia-Pacific region is expected to grow at a high CAGR. Growing awareness about early detection of disease, improving health care infrastructure and the large patient pool are contributing to the growth of the market.
Ultrasound Devices Market: Segmentation
The report on the global ultrasound devices market covers segments such as technology, portability, application, and end-user. On the basis of technology, the sub-markets include diagnostic ultrasound and therapeutic ultrasound. On the basis of portability, the sub-markets include trolley/cart-based ultrasound devices, and compact/handheld ultrasound devices. On the basis of application, the sub-markets include radiology/general imaging, cardiology, gynecology, vascular, urology, and other application. On the basis of end-user, the sub-markets include hospital and surgical centers, diagnostic centers, ambulatory surgical centers, and other end users.
Ultrasound Devices Market: Competitive Landscape
The report provides profiles of the companies in the market such as Fujifilm Sonosite, Inc., GE Healthcare, Hitachi Ltd, Fukuda Denshi, Shenzhen Mindray, Canon Medical Systems Corporation, Koninklijke Philips N.V., Samsung Medical, Siemens Healthineers, Mindray Medical International Limited, and other companies.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Ultrasound Devices.
- Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.