Aging Population & Technological Advancements to Drive the Medical Ultrasound Equipment Market, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Medical Ultrasound Equipment markets. Global market for Medical Ultrasound Equipment is projected to reach US$7.7 billion by 2020, driven by factors such as aging population, rising patient population in need of medical imaging, and growing demand for non-invasive solutions.

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Medical Ultrasound Equipment: A Global Strategic Business Report

San Jose, CA (PRWEB) May 16, 2014

Follow us on LinkedIn - Having evolved as a result of continued technological advancements in the healthcare industry, medical ultrasound is one of the most widely used medical imaging techniques worldwide. Growth in ultrasound equipment market will be driven by strong penetration of Doppler ultrasound systems, portable ultrasound devices, and their increasing use in clinical applications that require point-of-care (POC) imaging. Global ultrasound market is witnessing a shift away from "provider performed" procedures, which are performed by trained sonographers employed in the obstetrics, cardiology, and radiology imaging departments, to point-of-care (POC) or "bedside" procedures which are performed by different specialists. This trend is driven mainly by the availability of compact, less expensive, and portable ultrasound equipment.

Ultrasound imaging is expected to witness increased adoption in the field of oncology, cardiology, and emergency medicine. Growth is also expected to be spearheaded by 3D and 4D ultrasound imaging, which provides advantages, such as low cost and minimal radiation as compared to the other imaging modalities. Moreover, the invasion of ultrasound systems into the Auscultation market is providing new growth opportunities for hand-held ultrasound systems, while threatening the use of conventional stethoscopes. Another major factor that is tipping the scale in favor of ultrasound devices is the affirmation given by the AMA (American Medical Association) regarding the safety, efficiency, and effectiveness of ultrasound.

Given the short ultrasound equipment life cycle as a result of rapid technological advancements, the market for refurbished equipment is projected to grow substantially in the coming years. Refurbishers are also experiencing increased demand from physician offices, pain management offices and sports rehabilitation units, apart from hospitals.

As stated by the new market research report on Medical Ultrasound Equipment, the United States represents the single largest market worldwide, followed by the Europe and Asia-Pacific. Larger and mature markets, such as the United States and Europe, are projected to grow at a moderate pace, largely because of the level of maturity in the markets. Asia-Pacific ranks as the fastest growing market with a CAGR of 8.8% over the analysis period. Strong economic growth, increasing healthcare spending, improved standard of healthcare facilities are expected to fuel growth in the region. Emerging nations, such as China, India, Russia, and Brazil offer a plethora of opportunities, due to their constantly growing healthcare infrastructure. Radiology represents the largest application area for medical ultrasound equipment. Obstetrics/Gynecology ranks as the fastest growing end use segment. Increase in the use of electrograph, Endoscopic Ultrasound (EUS) and Endoscopic Bronchial Ultrasound (EBUS), will also help spur growth in the market.

Major players covered in the report include Analogic Corp., B-K Medical, Esaote SPA, GE Healthcare, Hitachi Aloka Medical Ltd., Hitachi Aloka America, Mindray Medical International Ltd., Misonix Inc., Nanosonics Ltd., Samsung Medison Co. Ltd., Philips Healthcare, Siemens Healthcare, FUJIFILM SonoSite Inc., TomTec Imaging Systems GmbH, and Toshiba Medical Systems Corp.

The research report titled "Medical Ultrasound Equipment: A Global Strategic Business Report" announced by Global Industry Analysts Inc., provides a comprehensive review of the market trends, growth drivers, technological innovations, mergers, acquisitions, and other strategic industry activities of major and niche players worldwide. The report provides market size estimates and projections in US dollars for geographic regions, such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, India and Rest of Asia Pacific), The Middle East & Africa, and Latin America. The report also analyzes the global market for Medical Ultrasound Equipment by Application such as Radiology, Cardiology, Obstetrics/Gynecology, Vascular and Others (includes Breast, Emergency Medicine, Musculoskeletal, Ophthalmic, Transcranial, and Urology).

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Medical_Ultrasound_Equipment_Market_Report.asp.

About Global Industry Analysts, Inc.

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
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Email: press(at)StrategyR(dot)com
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  • Raghu Gopal
    Global Industry Analysts Inc
    +1 408-528-9966
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