Diagnostic Ultrasound Devices Market is expected to Increase USD 6250 million by 2021
In diagnosis, a procedure is performed under ultrasound guidance to visualize the tissues or organs by ultrasound. It is used in interventional radiology to guide biopsy and assist with fluid management. The demand for the diagnosis had increased the demand for the Diagnosis Ultrasound Device Market. The growing rate of chronic diseases around the world coupled with the healthcare expenditure is the major factors responsible for this market expansion.
Diagnostic Ultrasound Devices Market Size and Growth Rate:
Diagnostic Ultrasound Devices Market was valued at USD 5410 million in 2016 and is expected to grow at a CAGR of 0.81% to reach USD 6250 million by 2021.
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Diagnostic Ultrasound Devices Market Growth Drivers and Restraints:
The increase in the number of diagnostic procedures using ultrasound devices, the demand for minimally invasive therapies and increased awareness of early diagnosis of the disease are considered to be the major drivers of the ultrasound diagnostic device market.
Factors such as increased public and private investment, subsidies, and funds for the development of more advanced ultrasound devices create many opportunities.
Geographical Overview of Diagnostic Ultrasound Devices Market:
Japan is expected to be the largest market in Asia-Pacific due to increased medical care spending and increased geriatric population with chronic diseases.
In addition, the increasing prevalence of chronic and lifestyle-related diseases and the rising cost of medical care are also driving market growth. Among European countries, Germany is expected to be the largest market for ultrasound devices in 2022, with growth of 5.8% over the forecast period.
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Key Players of Diagnostic Ultrasound Devices Market:
Some of the leading market players of Diagnostic Ultrasound Devices Market are General Electric (GE), Philips, Siemens, TOSHIBA, Hitachi Medical, Mindray, Sonosite (FUJIFILM ), Esaote, Samsung Medison and others.
Diagnostic Ultrasound Devices Market Segmentation:
By Product Type:
- 2D
- 3D&4D
- Doppler
By Industry:
- Radiology/Oncology
- Cardiology
- Obstetrics & Gynecology
- Vascular
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
Key Takeaways from this Report:
- For different product types, end use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
- Identify various driving factors, constrains and untold opportunities that can impact the global marketplace
- Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
- Increase overall revenue by understanding the geographical impact on sales and distribution channels.
- Evaluate the increase in values at each step of industry supply chain to improve process efficacy and optimize the value.
- Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
- Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.
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