Therapeutic Ultrasound Devices Market worth $6.2 Billion by 2019 - New Research Report by MarketsandMarkets
(PRWEB) March 02, 2015 -- Over the last five years the ultrasound market has witnessed significant acquisitions among leading vendors seeking to expand their geographic presence and achieve economies of scale. The global ultrasound market is expected to reach $6.2 billion by 2019 at CAGR of 5.1% from 2014 to 2019
North America including the U.S. and Canada and a major part of Europe are mature markets for ultrasound devices. However developing regions such as Asia-Pacific including China and India, Latin America and the Middle East are expected to become new revenue-generating markets for players operating in the ultrasound market in the coming years. The ultrasound market in these emerging regions is primarily driven by factors such as huge patient pool, rapidly aging population and rising focus of key players on developing nations.
Leading players such as General Electric Company (U.S.), Siemens AG (Germany), Koninklijke Philips N.V. (The Netherlands), Toshiba Corporation (Japan) and Hitachi Ltd. (Japan) are striving to expand their presence in these emerging markets by adopting a number of strategies such as launch of low-cost devices, conducting training services for healthcare professionals and opening R&D and manufacturing facilities.
Further Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=467
In Asia-Pacific the market in China is estimated to grow at the highest CAGR in the next five years. A number of factors such as government initiatives and investments, increasing aging population and incidence/prevalence of various diseases such as cancer and CVD and growing focus of market players are the major drivers contributing to the growth of the ultrasound market in China. These factors have spurred market players such as Hitachi Ltd. (Japan) to expand their research and development facilities in China to meet the increasing demand for ultrasound devices in the country. Moreover the ultrasound market in India is also expected to witness robust growth in the forecast period. The evolving ultrasound market in India offers remarkable growth opportunities for players due to factors such as high incidence and prevalence of chronic diseases, increasing penetration by global market players in India, rising medical tourism, and easy regulatory approvals. Furthermore the combined efforts of government agencies and public sector organizations to increase healthcare awareness have made Asia-Pacific an attractive market for ultrasound system manufacturers.
Ultrasound systems used for cardiology applications offer a promising future showcasing high growth opportunities for market players. Their growth is propelled by various factors such as rising incidences of cardiac diseases, technological advancements in the field of cardiac ultrasound, rapid growth in the geriatric population across the globe and increasing awareness among healthcare professionals towards cardiac ultrasound devices.
About MarketsandMarkets
MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
Contact:
Mr. Rohan
North - Dominion Plaza,
17304, Preston Road,
Suite 800, Dallas, TX 75252
Tel: +1-888-600-6441
Email: [email protected]
Visit MarketsandMarkets Blog @http://mnmblog.org/market-research/healthcare/medical-devices
Mr.Rohan, MarketsandMarkets, http://www.marketsandmarkets.com/, +91 9881155004, [email protected]
Share this article