Features Partner Sites Information LinkXpress hp
Sign In
Advertise with Us
GLOBETECH PUBLISHING LLC

Download Mobile App




Compact Devices Emerge As Segment of Ultrasound Market

By MedImaging International staff writers
Posted on 09 Oct 2018
Image: The vScan handheld ultrasound device (Photo courtesy of GE Healthcare).
Image: The vScan handheld ultrasound device (Photo courtesy of GE Healthcare).
The global ultrasound devices market was valued at USD 6.5 billion in 2017 and is projected to grow at a CAGR of 5.6% from 2018 to 2026 to reach USD 10.6 billion by 2026, as a surge in the incidence of disorders such as cardiovascular diseases, respiratory and abdominal disorders is likely to boost the demand for ultrasound devices.

These are the latest findings of Transparency Market Research, (Albany, NY, USA), a global market intelligence company providing business information reports and services.

Compact and/or handheld ultrasound devices are an emerging segment of the ultrasound devices market and are expected to register a significant growth during the forecast period. The segment is likely to hold a major market share due to technologically advanced products being adopted by diagnostic centers. In spite of the growing adoption of portable ultrasound devices for point-of-care applications, the trolley/cart based ultrasound devices segment will continue to grow at a comparatively faster pace, as these devices offer more accurate diagnostic capabilities and high performance.

Based on application, the radiology/general imaging segment is expected to be the most attractive due to increasing sophistication in diagnostic imaging platforms, allowing the emerging countries to provide 24x7 diagnostic services to the patient population. Based on end-user, the diagnostic centers segment held the largest share of the global ultrasound devices market in 2017, due to the availability of multiple service options and devices and tie-ups with health care companies with the aim of enhancing their health care products and service offerings. Additionally, diagnostic centers are highly preferred by the patient population owing to the availability of advanced technology and better health care services. The hospital & surgical centers segment is also growing at a fast pace, particularly in the developed economies, driven by an increase in geriatric population and growing health care infrastructure and support. Also, the increasing demand for ultrasound devices in ambulatory surgical centers during medical emergencies is expected to further aid the segment’s growth.

Geographically, Europe dominated the global ultrasound devices market in 2017 in terms of revenue with a value of USD 2.1 billion, due to the region’s highly developed health care sector, growing awareness about ultrasound devices among health care providers, and continuous evolution of ultrasound devices. The Asia Pacific ultrasound devices market is expected to grow at a CAGR of 6.2% during the forecast period, driven by increased awareness about ultrasound devices for diagnostic and therapeutic applications in the region. Additionally, the expansion of the health care sector in countries such as China, Japan, and India offers immense potential for the growth of the ultrasound devices market in this region. Moreover, technological advancements and increased adoption of ultrasound devices are expected to further drive the market growth in Asia Pacific during the forecast period.

Related Links:
Transparency Market Research

New
Silver Member
X-Ray QA Device
Accu-Gold+ Touch Pro
Computed Tomography System
Aquilion ONE / INSIGHT Edition
Pocket Fetal Doppler
CONTEC10C/CL
Multi-Use Ultrasound Table
Clinton

Channels

Nuclear Medicine

view channel
Image: Perovskite crystal boules are grown in carefully controlled conditions from the melt (Photo courtesy of Mercouri Kanatzidis/Northwestern University)

New Camera Sees Inside Human Body for Enhanced Scanning and Diagnosis

Nuclear medicine scans like single-photon emission computed tomography (SPECT) allow doctors to observe heart function, track blood flow, and detect hidden diseases. However, current detectors are either... Read more

General/Advanced Imaging

view channel
Image: The Angio-CT solution integrates the latest advances in interventional imaging (Photo courtesy of Canon Medical)

Cutting-Edge Angio-CT Solution Offers New Therapeutic Possibilities

Maintaining accuracy and safety in interventional radiology is a constant challenge, especially as complex procedures require both high precision and efficiency. Traditional setups often involve multiple... Read more

Imaging IT

view channel
Image: The new Medical Imaging Suite makes healthcare imaging data more accessible, interoperable and useful (Photo courtesy of Google Cloud)

New Google Cloud Medical Imaging Suite Makes Imaging Healthcare Data More Accessible

Medical imaging is a critical tool used to diagnose patients, and there are billions of medical images scanned globally each year. Imaging data accounts for about 90% of all healthcare data1 and, until... Read more
Copyright © 2000-2025 Globetech Media. All rights reserved.