Ultrasound Market: will grow at a CAGR of 5.5% between 2016 and 2021

Zion Market Research has published a new report titled “Ultrasound (Cart/Trolley Based Ultrasound Devices and Compact Ultrasound Devices) MarketBy Technology, (2D, 3D, 4D Doppler and Other), By Application (Radiology, Cardiology, Urology, Gastroenterology, Gynecology and Others) – Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. According to the report, global demand for ultrasound market was valued at USD 5.20 billion in 2015, is expected to reach USD 6.90 billion in 2021 and is anticipated to grow at a CAGR of around 5.5% between 2016 and 2021.

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Ultrasound imaging is one of the most widely used diagnostic imaging techniques globally. Ultrasound imaging utilizes sound waves to deliver photos of within the body. It is utilized to analyze the reasons for disease, pain, swelling in body’s inner organs and to look infant growth in pregnant ladies. Additionally,it is used to guide biopsies and analyze heart conditions. Ultrasound is protected, noninvasive, and does not utilize ionizing radiation. Ultrasound is safe, and do not require any special preparation.

The growth of ultrasound market has been anticipated by increasing incidences of diseases, innovation in technology and growing demand for ultrasound devices. Growing demand from healthcare industry for disease diagnosis is one of the major driving factors for growth of market. Moreover, Expensive procedure and unfavorable healthcare rulesin developed countries are expected to hamper the growth of ultrasound market over the years.

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The worldwide ultrasound business sector is portioned on the basis of product, technology, applications, and regions. On the basis of product ultrasound is divided into cart/trolley based ultrasound devices and compact ultrasound devices. The cart/trolley based ultrasound devices is leading segment of ultrasound global market in 2015 and it is likely to continue the market dominance in next few years.By application ultrasound market is divided into radiology, cardiology, urology, gastroenterology, gynecology and others. On the basis of technology market is segmented into 2D ultrasound, 3D ultrasound, 4D ultrasound, doppler and other ultrasound technology.Amongst all technology segment 3D and 4D ultrasound technology have significant share in global ultrasound market in 2015 and expected to grow in near future.

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Some of the key participants in ultrasound market are Siemens AG, GE Healthcare, Analogic Corporation, FUJIFILM Holdings Corporation, Mindray Medical International Ltd, EsaoteSpA, Hitachi Ltd, and among others.

The report segments the global Ultrasound Market as follows:

Ultrasound Market: Product Segment Analysis

  • Cart/trolley based ultrasound devices
  • Compact ultrasound devices

Ultrasound Market: Technology Segment Analysis

  • 2D Ultrasound
  • 3D Ultrasound
  • 4D Ultrasound
  • Doppler
  • Other

Ultrasound Market: Application Segment Analysis

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  • Radiology
  • Cardiology
  • Urology
  • Gastroenterology
  • Gynecology
  • Others

Ultrasound Market: Regional Segment Analysis

  • North America
    • U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East & Africa

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