Global Ultrasound Systems Market to Penetrate Untapped Regions During 2027
Added: (Mon Mar 04 2019)
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Ultrasound systems utilize sound waves to produce pictures of internal organs of the body. It is widely used for clinical assessment and early detection of various kinds of diseases. In recent years ultrasound systems market has experienced a revolution owing to advancement in technologies, however the market is in mature stage. Introduction to 3D/4D ultrasound systems lead to steady growth of the market due their advance feature and effective functionalities. With growing incidence and prevalence of various diseases and rise in geriatric population the market is expected to grow in near future. Moreover, rise in patient awareness for early diagnosis of various diseases and introduction to advance technologies like handheld ultrasound systems further contribute to the growth of the market. However, stringent regulatory scenario and lack of trained personnel hampers the growth of the market.
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The ultrasound systems market is segment on the basis of ergonomics, application, end-user and geography. In terms of ergonomic the global market is segregated into portable ultrasound systems and on-platform ultrasound systems. Portable ultrasound systems segment is expected to expand at significant CAGR due to growing in preference for home healthcare and rise in adoption of point of care ultrasound systems. Moreover, this system limits the requirement of highly trained professionals which contribute to the growth of the segment. On the basis of application the market is classified into gynaecology/obstetrics, cardiovascular, ophthalmic, urology, and others. On the basis of end-user the market is segmented into hospitals, clinics, home healthcare, and others
Based on geography, the global ultrasound systems market has been segmented into North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. In terms of revenue, North America followed by Europe is major contributor for the global ultrasound systems market. This is because rise in incidence and prevalence of various diseases, presence of developed healthcare infrastructure, increasing research and drug development activities, presence of major players, and large number of product developments (approvals & launch), propels the growth of the market in the region.
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Asia Pacific is third promising revenue contributor which is expected to grow at rapid pace in upcoming year. The population in the countries such as India and China are becoming wealthier and demanding for better healthcare services. Furthermore, shifting healthcare infrastructure and demographic trends contribute to the growth of the region. Emerging and huge population base countries such as China and India offers tremendous market opportunities to the key market players operating in global ultrasound systems market.
Some of the market players leading the global ultrasound systems market include Advanced Medical Diagnostics LLC, Analogic Corp, Beijing East Whale Image Technology Co.,Ltd., Endra Inc, Farus, LLC, Philips Healthcare, Siemens Healthineers, Canon Medical Systems Corporation, Clarius Mobile Health, Boston Scientific Corporation, Fukuda Denshi UK, Samsung, GE Healthcare, Atys medical, Medonica Co. LTD, OPKO Health, Inc., TELEMED Medical Systems, The Prometheus Group, BK Ultrasound, C. R. Bard, Inc., Advanced Instrumentations, Biocare Bio-Medical Equipment Co., Ltd., Digicare Biomedical Technology, and many more
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