Ultrasound Market Detailed Insights on Upcoming Products, Research and Development Activities, New Product Launches

The global ultrasound market is highly competitive, with various global as well as local players. These top five market players jointly accounted for ~83.0% of the global ultrasound market in 2015. New product launches; agreements, collaborations, and partnerships; geographic expansions; mergers, demergers, and strategic acquisitions; awareness campaigns; and research funds& grants are the major strategies adopted by market players to achieve growth in the global ultrasound market.   

Complete report 77 market data Tables with 69 Figures across 179 Pages and in-depth TOC on “Ultrasound Market" @ .

In this report, the global ultrasound market is segmented on the basis of technology [diagnostics (2D, 3D&4D, and Doppler) and therapeutics ultrasound (high-intensity focused ultrasound and extracorporeal shockwave lithotripsy)], device display (color and black & white ultrasound devices), device portability (trolley/cart-based and compact/handheld ultrasound devices), and applications [radiology/general imaging, cardiology, obstetrics/gynecology, vascular, urology, and others (includes breast imaging, hepatology, and emergency care, among others].

Geographically, Europe is expected to account for the largest share of the global ultrasound market in 2015, followed by North America (comprising the U.S. and Canada). Factors such as increase in the number of products being commercialized, expansion in clinical applications of HIFU, increasing market penetration of therapeutic ultrasound, and growing emphasis on minimally invasive procedures (including diagnostic and therapeutic ultrasound) are driving the ultrasound market in the European region.

However, Asia-Pacific (comprising China, India, Japan, and the Rest of Asia-Pacific) is poised to be the fastest-growing region in the ultrasound market during the forecast period, owing to significant expansion and modernization of healthcare infrastructure, increasing number of age-related illnesses, growing public awareness about therapeutic benefits offered by ultrasound, and increasing focus of international device manufacturers on strengthening their distribution networks in APAC.

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The global ultrasound market is expected to reach USD 6.86 Billion by 2020 from USD 5.25 Billion in 2015, at a CAGR of 5.5% from 2015 to 2020. Market growth can be attributed to ongoing technological advancements, increasing public-private investments (including government funding and grants), and growing market demand for minimally invasive diagnostic and therapeutic techniques (including ultrasound).

The radiology/general imaging application segment is expected to dominate the ultrasound market in 2015; however, cardiology is poised to be the fastest-growing application segment, for the forecast period of2015 to 2020. Factors such as rising incidences of cardiac diseases (coupled with growing lifestyle-related and age-linked disorders such as high blood pressure, diabetes mellitus, and lipid disorders), increasing market availability of cardiac ultrasound devices in major markets, and recent technological advancements in the cardiac ultrasound procedure (such as device miniaturization, portability, and device automation) are contributing to the high growth rate of this segment.

In 2015, the global ultrasound devices market was dominated by General Electric Company (U.S.), Koninklijke Philips N.V. (Netherlands), Toshiba Corporation (Japan), Siemens AG (Germany), and Hitachi Ltd. (Japan).

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