The
research report “Diagnostic Ultrasound Market Size By
Technology (2D, 3D and 4D, Doppler), By Portability (Trolley,
Compact/Handheld), By Application (General Imaging, Cardiology, Obstetrics /
Gynecology, Others), By End use (Hospitals, Maternity Centers, Others),
Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France,
Italy, Spain, China, India, Japan, South Korea, Brazil, Mexico, South Africa,
Saudi Arabia), Application Potential, Price Trends, Competitive Market Share
& Forecast, 2017 - 2024” by Global Market Insights, Inc. says, Diagnostic
Ultrasound Market size is set to exceed USD 7 billion by 2024.
Growing
geriatric population base along with increasing chronic disease incidence rates
will drive diagnostic ultrasound market growth over the forecast period. Higher
susceptibility of the elderly towards certain orthopedic ailments and chronic
diseases will boost ultrasound demand as the technology facilitates management
of these disease conditions on an ongoing basis. For instance, a patient with
prostatic hypertrophy started on certain medications which could possibly
worsen bladder emptying can be monitored with ultrasound after initiation of
medication.
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Ultrasound
devices are witnessing a transition from trolley based, single use systems to
highly portable, versatile and multiuse systems. Rapid technological
advancements in microelectronics and sensors coupled with improvement in image
quality and expansion of applications will propel ultrasound system adoption
rates.
Dearth
of skilled ultrasound technicians and sonographers especially in countries such
as UK and Canada hinder industry expansion. Lack of availability of these
skilled professionals is resulting in increased patient waiting time for
ultrasound examinations and underuse of the equipment.
Existence
of barriers such as lack of training, high machine maintenance cost, absence of
support personnel, lack of gel, irregular electrical supply, discomfort in
image interpretation and liability concerns hamper technology adoption in
developing countries.
Browse key
industry insights spread across 120 pages with 106 market data tables & 14
figures & charts from this 2017 report Diagnostic
Ultrasound Market in detail along with the table of contents at:
2D
technology held significant industry share in 2016 being the most common and
traditional method used for scanning. The technology produces a series of flat,
two-dimensional image of the scanned tissue. Increasing usage of newer
technologies such as 3D, 4D and 5D which provide a more detailed and realistic
image as compared to 2D will impede segment growth.
Compact
or handheld ultrasound devices segment will grow at the fastest pace during the
forecast period as they offer greater convenience due to their small size and
light weight. Furthermore, they are highly beneficial for medical professionals
practicing in acute care settings where transportation of the patient may be
difficult owing to the constantly changing health condition.
Application
of the technology in cardiology held significant industry share. Increasing
number of people suffering from cardiovascular diseases such as stroke will
drive segment growth over the forecast timeframe.
Hospitals
end user segment is slated to grow at a robust rate owing to increasing influx
of patients undergoing ultrasound scans in these settings. Expansion of
hospitals and development of new ones will further spur growth.
China
diagnostic ultrasound market held significant industry share. Increasing
healthcare expenditure, growing disease burden along with increasing desire for
and utilization of more advanced technologies in healthcare facilities will
drive industry growth.
Prominent
industry players include GE Healthcare, Samsung, Hitachi, Siemens, Koninklijke
Philips N.V., Toshiba, SIUI, Promed Group, TELEMED Medical, Mindray and Esaote.
The industry participants adopt various strategies such as acquisitions, new
product development and launch for expanding their industry foothold. For
instance, in March 2016, Mindray launched Resona 7 in Europe.
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Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Portugal,
Italy, Russia, Denmark, Norway, Sweden, Japan, China, India, Australia, Sri
Lanka, Malaysia, Pakistan, Philippines, South Korea, New Zealand, Vietnam,
Thailand Brazil, Mexico, Argentina, Colombia, Chile, Peru, South Africa,
Nigeria, Morocco, Egypt, KSA, UAE, Jordan, Qatar, Israel), Application
Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024
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