June 25, 2020

Benefit of Ultrasound Devices ?

Increasing prevalence of chronic diseases and rising patient awareness are two of the major factors which are propelling market growth. Further, increasing awareness and treatment of complex diseases is also expected to foster the growth of global ultrasound devices market during the forecast period. High diagnosis rates of kidney stones in various countries such as Germany and U.S. also indicate growth of global ultrasound devices market during the forecast period.

Global ultrasound devices market is estimated to reach USD 8.6 Billion in 2024, registering a compound annual growth rate (CAGR) of 4.1% between 2019 and 2024. Factors such as continuous technological advancements and development of advanced ultrasound devices are poised to positively benefit global ultrasound devices market during the forecast period.

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The ultrasound devices market by type is segmented into stationary, and portable. In this segment, stationary segment is anticipated to capture the largest market share in 2024. Global ultrasound devices market is further segmented into technology into diagnostic ultrasound and therapeutic ultrasound, out of which, diagnostic ultrasound segment is anticipated to propel at a faster rate as compared to other segments.

The report also covers detailed competitive analysis of major market players of global ultrasound devices market, such as GE Healthcare, Koninklijke Philips N.V., Canon Medical Systems Corporation, Hitachi, Ltd., Siemens Healthineers, Mindray Medical International Limited, Samsung Medison Co., Ltd., Fujifilm Holdings Corporation, Esaote SpA and Analogic Corporation. The ultrasound devices market is witnessing a wide range of industry activities such as product launch, acquisition, partnership, and expansion across the globe.