24 March 2017
Ultrasound Devices

The global ultrasound devices market was valued at USD 5,700 million in 2015 and is projected to reach USD 7,033 million by 2021, at a CAGR of 3.7% during the forecast period from 2016 to 2021. Improvements in the ultrasound technology are increasing the demand for ultrasound devices, globally.

Market Dynamics
Government and private funding for R&D in ultrasound imaging, aging population, increasing number of healthcare providers, curtailment in the size of ultrasound devices, and higher incidences of chronic diseases are some of the factors that are propelling the growth of the market. However, lack of skilled labor to handle the equipment and stringent FDA regulations are turning out to be restraints for this market.

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Market Segmentation
The global ultrasound market has been segmented by
Application - Anesthesiology, obstetrics/gynecology, cardiology, musculoskeletal, radiology, emergency department, critical care and others.

The cardiology sub-segment contributes the highest share.
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Technology - 2D ultrasound imaging, 3D & 4D ultrasound imaging, Doppler imaging High-intensity focused ultrasound.
2D ultrasound accounts for the largest market share
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Type - Stationary ultrasound imaging and Portable ultrasound imaging.
Currently, the demand for handheld ultrasound devices is on the rise owing to the shifting trend towards home healthcare and remote patient monitoring to reduce hospitalization cost.

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Geography- North America, Europe, Asia-Pacific, Latin America, Middle East and Asia.
North America has the largest market size with more than 30% of the global market, which is slightly higher than the European market. Asia-Pacific is considered to be an emerging market for ultrasound devices, due to the increase in population and large investments in the field of R&D of ultrasound equipment.

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Many players in this market are trying to expand their product portfolio to top the global market. Few companies have even adopted product innovation and new product launches as their key business strategies, to ensure their dominance in the market.

The major players in this market include -
GE Healthcare
Philips Healthcare
Siemens Healthcare
Samsung Medison Co., Ltd
Toshiba Medical Systems Corporation
Mindray Medical International Ltd
Hitachi Medical Corporation
Trivitron Healthcare
Fukuda Denshi Co., Ltd
Shantou Institute Of Ultrasonic Instruments Co., Ltd
Key Deliverables in the Study
Market analysis for the global ultrasound market, with region specific assessments and competition analysis.
Market definition along with the identification of key drivers, restraints opportunities and challenges.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence the market on a global and regional scale.
Extensively researched competitive landscape section with company profiles of key players with the analysis of their current strategic interests and key financial information.
Identification and analysis of the macro and micro factors that affect the global ultrasound market.
Insights of the market in the regions that have the highest potential for growth and to also identify the markets that are still untapped

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Some points from TOC:
1. Introduction
1.1 Report Description
1.2 Markets Covered
1.3 Research Methodology

2. Executive Summary

3. Market Overview
3.1 Market Definition
3.2 Market Drivers
3.2.1 Government and Private Funding for R&D in Ultrasound Imaging
3.2.2 Increase in Natality
3.2.3 Rise in the Number of Elderly Population
3.2.4 Increasing Number of Healthcare Providers
3.2.5 Curtailment in the Size of Ultrasound Devices
3.2.6 Increasing Incidence of Chronic Diseases (Cancer, etc.)
3.3 Market Restraints
3.3.1 Strict FDA Regulations
3.3.2 Lack of Skilled Labor to Handle the Equipment
3.4 Market Opportunities
3.5 Market Threats

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