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Ultrasound Device Market

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The global ultrasound device market was valued at approximately USD 6.8 billion and it is projected to grow at an approximate CAGR of over 6 % over the forecast period of 2016 to 2024.
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Ultrasound Device Market - Industry Analysis, Size, Share,
Growth and Forecasts to 2024 - Hexa Research
" The global ultrasound device market was valued
at approximately USD 6.8 billion and it is
projected to grow at an approximate CAGR of over
6 % over the forecast period of 2016 to 2024."
The global Ultrasound Device Market was worth USD 6.9 billion in 2015. It is projected to grow at a CAGR of 6%
from 2016 to 2024 (forecast period). Chief market drivers are increasing incidences of chronic and hypertension
related disorders.
Ultrasound technology is used to treat prostate cancer and kidney stones. It is the most preferred mode of fetal
screening across the globe. Trials are underway to find novel applications like detecting breast fibroadenoma
and uterine fibroids. This coupled with escalating public-private investments would create opportunities for
ultrasound devices.
The market is segmented as per products, portability, and regions. Products are split into diagnostic ultrasound
devices and therapeutic ultrasound devices. Diagnostic ultrasound devices are further segmented into 2D
devices and 3D/4D devices. They accounted for the largest market share in 2015 due to a variety of applications
in radiology, obstetrics, and oncology. Therapeutic ultrasound devices include HIFU (High Intensity Focused
Ultrasound) and ESWL Extracorporeal Shockwave Lithotripsy).
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Based on portability, the market is divided into handheld devices and cart/trolley based devices. Handheld
devices are expected to grow as a result of increasing preference for home healthcare and remote patient
monitoring. They are likely to grow at a CAGR of 6.5% over the forecast period.
Regional segmentation encompasses Europe, North America, Asia Pacific, MEA (Middle East & Africa) and Latin
America. North America was the leading region (26% revenue share) in 2014. Key regional drivers include a
well-established healthcare system, and rising preference for remote healthcare. Advanced technology in this
region is also creating demand for miniature user-friendly devices.
Asia Pacific should also grow lucratively during the forecast period. Presence of large industry players in Japan
and China contributes to the same. Moreover, this region is home to highly populous countries like China and
India. These and other developing nations are creating a large customer of pool for various ailments requiring
ultrasound screening. These factors will result in the Asia Pacific market growing at a CAGR of 9.7% in the eight
years ahead.
Prominent participants in the global ultrasound devices market include Hitachi Medical Corporation, Siemens
Healthcare GmbH, Samsung Medison, and Toshiba Medical Systems Corporation.
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Table of Content of Ultrasound Device Market
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope & Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary
Chapter 3 Ultrasound Device Industry Outlook
3.1 Market segmentation
3.2 Market size and growth prospects
3.3 Ultrasound Device: market dynamics
3.4 Market driver analysis
3.4.1 Increasing adaptation of diagnostic imaging
3.4.1.1 Rising demand for non-invasive diagnostics and therapeutic devices
3.4.2 Market restraint analysis
3.4.2.1 Lack of reimbursement coverage
3.4.2.2 Strict regulatory framework
3.5 Key opportunities prioritized
3.6 Ultrasound Device industry analysis - Porter’s Five Forces Model
3.7 Ultrasound Device market - PESTEL analysis
3.8 Ultrasound Devices: company market share analysis, 2016
3.9 Value Chain Analysis
Chapter 4 Ultrasound Device Product Outlook
4.1 Ultrasound Device market revenue share by product, 2016 & 2024 % share
4.2 Diagnostic Ultrasound Devices
4.2.1 Diagnostic Ultrasound Device Market Revenue, by type 2016 - 2024 (USD Million)
4.2.2 2D Ultrasound Devices
4.2.2.1 2D Ultrasound Device Market Revenue, 2016 to 2024 (USD Million)
4.2.3 3D/4D Ultrasound Devices
4.2.3.1 3D/4D Ultrasound Device Market revenue, 2016 to 2024 (USD Billion)
4.2.4 Doppler Ultrasound Devices
4.2.4.1 Doppler Ultrasound Device Market Revenue, 2016 to 2024 (USD Million)
4.3 Therapeutic Ultrasound Devices
4.3.1 Therapeutic Ultrasound Device Market Revenue, 2016 to 2024 (USD Million)
4.3.2 High Intensity Focused Ultrasound (HIFU) Market Revenue by Type, 2016 - 2024 (USD Million)
4.3.2.1 High Intensity focused ultrasoundMarket Revenue, 2016 to 2024 (USD Million)
4.3.3 Extracorporeal Shockwave Lithotripsy (ESWL)
4.3.3.1 Extracorporeal Shockwave Lithotripsy Market Revenue, 2016 to 2024 (USD Million)
Chapter 5 Ultrasound Devices Portability Outlook
5.1 Ultrasound Device market revenue share by portability, 2016 & 2024 % share
5.2 Handheld Ultrasound Devices
5.2.1 Handheld Ultrasound Device Market Revenue, 2016 - 2024 (USD Million)
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5.3 Cart/Trolley based Ultrasound Devices
5.3.1 Cart/Trolley Based Ultrasound Device Market revenue, 2016 to 2024 (USD Million)
Chapter 6 Ultrasound Device Market Regional Outlook
6.1 Ultrasound Device market share, by region, 2016 & 2024
6.2 North America
6.2.1 U.S.
6.2.2 Canada
6.3 Europe
6.3.1 UK
6.3.2 Germany
6.4 Asia Pacific
6.4.1 China
6.4.2 Japan
6.5 Latin America
6.5.1 Brazil
6.5.2 Mexico
6.6 Middle East and Africa (MEA)
6.6.1 South Africa
Chapter 7 Competitive Landscape
7.1 Toshiba Medical Systems Corporation
7.2 SonaCare Medical, LLC
7.3 Analogic Corporation
7.4 GE Healthcare
7.5 Koninklijke Philips N.V.
7.6 Siemens Healthcare GmbH
7.7 Hitachi Medical Corporation
7.8 Samsung Medison
7.9 Mindray Medical International Limited
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