Ultrasound Market worth 6.86 Billion USD by 2021

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MarketsandMarkets Presents

• Ultrasound Market 
•  - Global Forecasts to 2021

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• The global ultrasound market is expected to reach
  USD 6.86 Billion by 2021 at a CAGR of 5.2 during
  2016 to 2021. A number of factors such as rising
  patient population base for chronic and
  lifestyle-related disorders, technological
  advancements, and growing market demand for
  minimally invasive diagnostic and therapeutic
  techniques are driving the growth of the market.
• Based on technology, the market is segmented into
  diagnostics and therapeutics ultrasound.
  Diagnostic ultrasound accounted for the largest
  share of the market in 2016 owing to factors such
  as the large-scale use of 2D ultrasound in
  disease diagnosis, the availability of
  significant medical reimbursements, and the
  ongoing technological advancements in the field
  of 3D/4D ultrasound.

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https//www.marketsandmarkets.com/Market-Repo
rts/ultrasound-market-467.html On the basis
of device portability, ultrasound products are
categorized into trolley/cart-based and
compact/handheld ultrasound devices. The
compact/handheld ultrasound devices segment is
expected to grow at the highest CAGR during the
forecast period of 2016-2021 owing to ease of
operability and expansion in application horizons
(such as radiology imaging, emergency medicine,
and wound healing). On the basis of application,
the market is classified into radiology/general
imaging, obstetrics/gynecology, cardiology,
urology, vascular, and other applications
(including neurology, mammography, emergency
medical imaging, hepatic imaging and renal
imaging, and point-of-care).
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• Based on end user, the market is segmented into
  hospitals and diagnostic surgical centers
  maternity and fertility centers ambulatory care
  centers academic and research centers and other
  end users. The hospitals and diagnostic
  surgical centers segment accounted for the
  largest share of the market in 2016. The large
  share of this segment is attributed to the rising
  number of diagnostic imaging procedures performed
  in hospitals, growing inclination of hospitals
  and surgical centers towards the automation
  digitization of radiology patient workflow, and
  increasing adoption of minimally invasive
  procedures (such as ultrasound) in hospitals by
  healthcare professionals.
• On the basis of geography, this market is
  classified into four regions, namely, North
  America, Europe, Asia-Pacific, and the Rest of
  the World. The Asia-Pacific market is expected to
  grow at the highest CAGR from 2016 to 2021. This
  is primarily due to increasing public awareness
  related to procedural benefits of ultrasound,
  continuously declining product prices, and
  continuously rising healthcare expenditure in the
  Asia-Pacific region.

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