Ultrasound Device Market Analysis and Forecasts, 2016 to 2024

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Ultrasound Device Market Analysis, Size, Share,
Growth, Industry Trends and Forecast to 2024 -
Hexa Research
Global ultrasound device market was worth USD
6.9 billion in 2015. It is projected to grow at a
CAGR of 6 from 2016 to 2024 (forecast period).
The Global Ultrasound Device Market was worth USD
6.9 billion in 2015. It is projected to grow at a
CAGR of 6 from 2016 to 2024 (forecast period).
Chief market drivers are increasing incidences of
chronic and hypertension related disorders.
Ultrasound technology is used to treat prostate
cancer and kidney stones. It is the most
preferred mode of fetal screening across the
globe. Trials are underway to find novel
applications like detecting breast fibroadenoma
and uterine fibroids. This coupled with
escalating public-private investments would
create opportunities for ultrasound devices.
The market is segmented as per products,
portability, and regions. Products are split into
diagnostic ultrasound devices and therapeutic
ultrasound devices. Diagnostic ultrasound devices
are further segmented into 2D devices and 3D/4D
devices. They accounted for the largest market
share in 2015 due to a variety of applications in
radiology, obstetrics, and oncology. Therapeutic
ultrasound devices include HIFU (High Intensity
Focused Ultrasound) and ESWL Extracorporeal
Shockwave Lithotripsy).
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Based on portability, the market is divided into
handheld devices and cart/trolley based devices.
Handheld devices are expected to grow as a result
of increasing preference for home healthcare and
remote patient monitoring. They are likely to
grow at a CAGR of 6.5 over the forecast period.
Regional segmentation encompasses Europe, North
America, Asia Pacific, MEA (Middle East Africa)
and Latin America. North America was the leading
region (26 revenue share) in 2014. Key regional
drivers include a well-established healthcare
system, and rising preference for remote
healthcare. Advanced technology in this region is
also creating demand for miniature user-friendly
devices.
Asia Pacific should also grow lucratively during
the forecast period. Presence of large industry
players in Japan and China contributes to the
same. Moreover, this region is home to highly
populous countries like China and India. These
and other developing nations are creating a large
customer of pool for various ailments requiring
ultrasound screening. These factors will result
in the Asia Pacific market growing at a CAGR of
9.7 in the eight years ahead.
Prominent participants in the global ultrasound
devices market include Hitachi Medical
Corporation, Siemens Healthcare GmbH, Samsung
Medison, and Toshiba Medical Systems Corporation.
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Table of Content of Ultrasound Device Market
Chapter 1 Methodology and Scope 1.1 Research
Methodology
1.2 Research Scope Assumptions 1.3 List of Data
Sources
Chapter 2 Executive Summary
Chapter 3 Ultrasound Device Industry Outlook 3.1
Market segmentation
3.2 Market size and growth prospects
3.3 Ultrasound Device market dynamics 3.4 Market
driver analysis
3.4.1 Increasing adaptation of diagnostic
imaging 3.4.1.1 Rising demand for non-invasive
diagnostics and therapeutic devices 3.4.2 Market
restraint analysis
3.4.2.1 Lack of reimbursement coverage 3.4.2.2
Strict regulatory framework
3.5 Key opportunities prioritized
3.6 Ultrasound Device industry analysis -
Porters Five Forces Model 3.7 Ultrasound Device
market - PESTEL analysis 3.8 Ultrasound Devices
company market share analysis, 2016 3.9 Value
Chain Analysis
Chapter 4 Ultrasound Device Product Outlook
4.1 Ultrasound Device market revenue share by
product, 2016 2024 share 4.2 Diagnostic
Ultrasound Devices
4.2.1 Diagnostic Ultrasound Device Market
Revenue, by type 2016 - 2024 (USD Million) 4.2.2
2D Ultrasound Devices
4.2.2.1 2D Ultrasound Device Market Revenue, 2016
to 2024 (USD Million) 4.2.3 3D/4D Ultrasound
Devices
4.2.3.1 3D/4D Ultrasound Device Market revenue,
2016 to 2024 (USD Billion) 4.2.4 Doppler
Ultrasound Devices
4.2.4.1 Doppler Ultrasound Device Market Revenue,
2016 to 2024 (USD Million) 4.3 Therapeutic
Ultrasound Devices
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4.3.1 Therapeutic Ultrasound Device Market
Revenue, 2016 to 2024 (USD Million) 4.3.2 High
Intensity Focused Ultrasound (HIFU) Market
Revenue by Type, 2016 - 2024 (USD
Million) 4.3.2.1 High Intensity focused
ultrasoundMarket Revenue, 2016 to 2024 (USD
Million) 4.3.3 Extracorporeal Shockwave
Lithotripsy (ESWL)
4.3.3.1 Extracorporeal Shockwave Lithotripsy
Market Revenue, 2016 to 2024 (USD Million)
Chapter 5 Ultrasound Devices Portability Outlook
5.1 Ultrasound Device market revenue share by
portability, 2016 2024 share 5.2 Handheld
Ultrasound Devices
5.2.1 Handheld Ultrasound Device Market Revenue,
2016 - 2024 (USD Million) 5.3 Cart/Trolley based
Ultrasound Devices
5.3.1 Cart/Trolley Based Ultrasound Device Market
revenue, 2016 to 2024 (USD Million)
Chapter 6 Ultrasound Device Market Regional
Outlook
6.1 Ultrasound Device market share, by region,
2016 2024
6.2 North America 6.2.1 U.S.
6.2.2 Canada
6.3 Europe
6.3.1 UK
6.3.2 Germany 6.4 Asia Pacific 6.4.1 China
6.4.2 Japan
6.5 Latin America 6.5.1 Brazil
6.5.2 Mexico
6.6 Middle East and Africa (MEA) 6.6.1 South
Africa
Chapter 7 Competitive Landscape 7.1 Toshiba
Medical Systems Corporation 7.2 SonaCare Medical,
LLC 7.3 Analogic Corporation
7.4 GE Healthcare
7.5 Koninklijke Philips N.V.
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7.6 Siemens Healthcare GmbH 7.7 Hitachi Medical
Corporation 7.8 Samsung Medison
7.9 Mindray Medical International Limited
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