Market Overview

The Global Market for Ultrasound Devices to 2023: Analysis by Application, Technology, Type and Geography


The Global Market for Ultrasound Devices to 2023: Analysis by Application, Technology, Type and Geography

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DUBLIN, Aug 20, 2018 /PRNewswire/ --

The "Global Ultrasound Devices Market - Segmented by Application, Technology, Type, and Geography - Growth, Trends, and Forecast (2018-2023)" report has been added to's offering.

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The global ultrasound devices market is expected to register a CAGR of about 4% during 2018-2023 (the forecast period).

Government and Private Funding for R&D in Ultrasound Imaging

The governments across the world are focusing on the promotion and support of the industrial research. Several tax incentives have been provided to industries to establish R&D units, with highly improved imaging facilities, especially in ultrasound.

The long-term goal of these initiatives is to develop innovative, disruptive, safe, non-invasive ultrasound technologies that enable or enhance interventional therapies for the treatment of diseases, injuries, abnormalities, and other conditions. The types of ultrasound interventional therapies include ultrasound thrombolysis, high intensity focused ultrasound, and sonophoresis.

Additionally, increasing number of healthcare providers, technological advancements, and rising incidences of chronic diseases are some of the other factors that contribute to the market growth.

Strict Regulations

FDA's Center for Devices and Radiological Health (CDRH) is responsible for regulating firms that manufacture, repackage, re-label, and import medical devices and radiation-emitting electronic products, such as ultrasound equipment. As per the Code of Federal Regulation 21 CFR Part 807, manufacturers and initial distributors of ultrasound equipment must register with FDA and the registrations must be submitted electronically, unless a waiver has been granted by the FDA.

Manufacturers should follow all the steps set by FDA, from equipment registration to the submission of a premarket notification. The same applies for premarket approval, investigational device exemption, quality system regulation, labeling and medical device reporting.

These stringent FDA regulations and other similar guidelines from various countries are restraining the global ultrasound devices market growth.

Additionally, lack of skilled labor, to handle the advance equipment, is also restraining the ultrasound devices market growth.

North America to Dominate the Market

The global ultrasound devices market has been segmented on the basis of application, technology, type, and geography. By geography, it is further segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.

Due to the advancements in the ultrasound technology, growth in the need for accurate and early diagnosis, and improvement in healthcare infrastructure, North America is dominating the global market.

Key Topics Covered

1. Introduction

1.1 Market Definition

2. Research Methodology

3. Executive Summary

4. Key Inferences

5. Market Overview

5.1 Current Market Scenario

5.2 Porter's Five Forces Analysis

5.2.1 Bargaining Power of Suppliers

5.2.2 Bargaining Power of Consumers

5.2.3 Threats of New Entrants

5.2.4 Threat of Substitute Product and Services

5.2.5 Competitive Rivalry within the Industry

6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

6.1 Market Drivers

6.1.1 Government and Private Funding for R&D in Ultrasound Imaging

6.1.2 Increasing Number of Healthcare Providers

6.1.3 Technological Advancements

6.1.4 Increasing Incidences of Chronic Diseases

6.2 Market Restraints

6.2.1 Strict Regulations

6.2.2 Lacked of Skilled Labor to Handle the Advance Equipment

6.3 Opportunities

6.4 Key Challenges

7. Market Segmentation

7.1 By Application

7.1.1 Anesthesiology

7.1.2 Cardiology

7.1.3 Gynecology/Obstetrics

7.1.4 Musculoskeletal

7.1.5 Radiology

7.1.6 Emergency Department

7.1.7 Critical Care

7.1.8 Others

7.2 By Technology

7.2.1 2D Ultrasound Imaging

7.2.2 3D and 4D Ultrasound Imaging

7.2.3 Doppler Imaging Color Doppler Imaging Continuous Doppler Imaging Pulse Wave Doppler Imaging

7.2.4 High-intensity Focused Ultrasound

7.3 By Type

7.3.1 Stationary Ultrasound

7.3.2 Portable Ultrasound

7.4 By Geography

7.4.1 North America United States Canada Mexico

7.4.2 Europe France United Kingdom Germany Italy Spain Rest of Europe

7.4.3 Asia-Pacific India China Japan Australia South Korea Rest of Asia-Pacific

7.4.4 Middle East & Africa GCC South Africa Rest of Middle East & Africa

7.4.5 South America Brazil Argentina Rest of South America

8. Competitive Landscape

8.1 Mergers and Acquisition Analysis

8.2 Agreements, Collaborations and Partnerships

8.3 New Products Launches

9. Key Players

9.1 Fukuda Denshi Co. Ltd.

9.2 GE Healthcare

9.3 Hitachi Medical Corporation

9.4 Mindray Medical International Ltd.

9.5 Philips Healthcare

9.6 Shantou Institute of Ultrasonic Instruments Co. Ltd.

9.7 Siemens Healthineers

9.8 Toshiba Medical Systems Corporation

9.9 Others

10. Future of the Market

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