Ultrasound Systems Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022

Published on : Jul-2017 | List of Tables : 317 | List of Figures : 105 | No. of Pages : 170 | Report Code : FACT60MR |

Ultrasound systems are imaging devices that employ high-frequency sound waves for capturing live images from inside of the patient’s body. Ultrasound as a scanning method is often synonymous to sonography. Ultrasound systems are predominantly used in pregnancy diagnostics, but these systems can also procure accurate images in all other fields of diagnostics as well.

Precise medical imaging has a controlling influence over the efficacy of subsequent procedures, which is why medical professionals continue to prefer accurate imaging methods such as ultrasound.

The Fact.MR report on global market for ultrasound systems accedes to this notion, projecting a steady growth in the global demand for ultrasound systems during 2017-2022. According to the report, the global ultrasound systems market will reach US$ 6 Bn value by the end of 2017. Ultrasound imaging systems will continue to gain ground due to their affordable costs and higher accuracy, particularly for diagnostic imaging during pregnancy. Towards the end of 2022, the global ultrasound systems market value is anticipated to soar steadily at 5.5% CAGR, bringing in revenues worth over US$ 7.8 Bn.

Market Taxonomy

Portability

End User

Application

Technology

Standalone Ultrasound Systems

Hospitals

Cardiology

2D Ultrasound

Table-top Ultrasound Systems

Diagnostic Centers

Radiology

3D & 4D Ultrasound

Portable Ultrasound Systems

Ambulatory Surgical Centers

Urology

Doppler Ultrasound

 

Others

Vascular

High-intensity Focused Ultrasound

   

Gynecology

Extracorporeal Shockwave Lithotripsy

   

Others

 

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

Ultrasound makes Headway in Cardiology

The report reveals that ultrasound systems are paramount in gynecological imaging, even so a major share of ultrasound systems sold globally are accounted by cardiology diagnostics. Rising incidence rate of myocardial infarction and angina in the world is making the use of ultrasound systems imperative in the field of cardiology. Between 2017 and 2022, the global sales of ultrasound systems in cardiology applications are expected to create an incremental opportunity of more than US$ 430 Mn.

Standalone Ultrasound Systems to Remain Indispensable

Portability of ultrasound systems is becoming a governing factor for boosting its global sales. Preference to portable ultrasound systems will be distinctly high across all medical settings. During the forecast period, global revenues accounted by sales of portable ultrasound systems are anticipated to exhibit growth at a surging CAGR of 6.4%. While portable ultrasound systems will mark a little over 17% share on global revenues through 2022, the market will continue to witness foremost demand for standalone ultrasound systems. In 2017, the global market for ultrasound systems is pegged to rake in revenues worth over US$ 4.2 Bn, exclusively from the sales of standalone ultrasound systems.

High Demand across Radiology Departments in Hospitals

Ultrasound is staple imaging technology in independent radiology centers as well as radiology departments in hospitals. With increasing demand for radiotherapy, the adoption of ultrasound systems is slated to rise across all general hospitals. The report observes hospitals as the largest end-user of ultrasound systems in the global market, projecting that this segment will account for approximately 50% of the global market revenues through 2022. Diagnostic centers are also expected to account for greater end-use of ultrasound systems in the global market. By the end of 2022, more than US$ 1.5 Bn worth of revenues will be reaped from global sales of ultrasound systems in diagnostic centers.

Competitive Tracking

The report has profiled leading manufacturers of ultrasound systems as the key players in the market. With advancements in imaging technologies, manufacturers are expected to focus more on offering ultrasound systems with more integrated features. Companies such as Koninklijke Philips N.V., General Electric Company, Toshiba Corporation, Hitachi Ltd., Siemens AG, Shimadzu Corporation, Analogic Corporation, Fujifilm Holdings Corporation, Samsung Electronics Co. Ltd., and Esaote SpA are likely to be observed as active participants in the global ultrasound systems market during the forecast period.

Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR

Effective medical imaging is becoming the crux of all healthcare treatment businesses. The demand for ultrasound systems, prevalent in pregnancy diagnostics, is also gaining grounds across critical medical fields, indicating higher preference for ultrasound imaging among medical professionals as well as patients. This report analyzes the expansion of global ultrasound systems market till date, and provides key insights on the growth of the market during the forecast period, 2017-2022.

Scope

The scope of Fact.MR’s report is to analyze the global ultrasound systems market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Medical device manufacturers, research institutes, and raw material suppliers in the global ultrasound systems market can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to ultrasound systems.

Summary

The report commences with a brief information of the global ultrasound systems market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global ultrasound systems market.

Overview

The next section offers an overview of the global ultrasound systems market. This comprises an introduction to the market, along with a standard definition of the product – ultrasound systems. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global ultrasound systems market, the report provides updates about market opportunities, which can benefit leading manufacturers of ultrasound systems. With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for ultrasound systems manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, safety regulations, pricing analysis, list of distributors, and cost structure are provided in this section.

The Fact.MR report provides segment-wise analysis and forecast for covering the wide scope of global ultrasound systems market. Portability, application, technology, end-use, and region are key segments that define the growth of the global market for ultrasound systems. In this segmentation analysis, a detailed country-wise forecast across all key market parameters is also included.

The report’s last section comprises of the global ultrasound systems market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global ultrasound systems market.

Research Methodology

Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,

  • Primary research
  • Secondary research
  • Trade research
  • Focused interviews
  • Social media analysis

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Ultrasound Systems Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022