The "Ultrasound Market by Technology (Diagnostic, Therapeutic, 2D, 3D/4D, HIFU), Display (B/W, Color), Portability (Cart, Compact, PoC), Application (Radiology, OB/GYN, Cardiac), End User (Hospitals, Ambulatory, Diagnostic Center) - Forecast to 2021" report has been added to Research and Markets' offering.
The global ultrasound market is expected to reach USD 6.86 Billion by 2021 at a CAGR of 5.2% during 2016 to 2021.
A number of factors such as rising patient population base for chronic and lifestyle-related disorders, technological advancements, and growing market demand for minimally invasive diagnostic and therapeutic techniques are driving the growth of the market.
The Asia-Pacific market is expected to grow at the highest CAGR from 2016 to 2021. This is primarily due to increasing public awareness related to procedural benefits of ultrasound, continuously declining product prices, and continuously rising healthcare expenditure in the Asia-Pacific region.
As of 2015, the global market is dominated by 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), Shimadzu Corporation (Japan), and Analogic Corporation (U.S.).
Market Dynamics
Market Drivers
- Technological Advancements
- Increasing Global Prevalence of Targeted Diseases
- Rising Patient Preference for Minimally Invasive Procedures
- Growing Public and Private Investments, Funding, and Grants
- Increasing Birth Rates Especially Emerging Countries
Market Restraints
- Dearth of Skilled and Well-Trained Sonographers
- Stringent Government Regulations
Growth Opportunities
- Expanding Application Horizon of Ultrasound
- Emerging Markets
Market Challenges
- Growing End-User Preference for Refurbished Equipment
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Ultrasound Market, By Technology
8 Ultrasound Market, By Device Display
9 Ultrasound Market, By Device Portability
10 Ultrasound Market, By Application
11 Ultrasound Market, By End User
12 Ultrasound Market, By Region
13 Competitive Landscape
14 Company Profiles
- Analogic Corporation
- Esaote S.P.A.
- Fujifilm Holdings Corporation
- General Electric Company
- Hitachi Ltd.
- Koninklijke Philips N.V.
- Mindray Medical International Ltd.
- Samsung Electronics Co. Ltd.
- Shimadzu Corporation
- Siemens AG
- Toshiba Corporation
For more information about this report visit https://www.researchandmarkets.com/research/gt6qj3/global_ultrasound?w=4
View source version on businesswire.com: http://www.businesswire.com/news/home/20180109005994/en/