Ultrasound waves are nothing but the sound waves with the frequencies above audible limit of humans. Therefore, ultrasound devices usually operate between frequency range of 20 kHz to several gigahertz. There are numerous uses of ultrasound waves, for instance, in measurement of distance, sonography or ultrasound imaging, non-destructive testing, flaw identification and chemical processes. The ultrasound devices are used in numerous application in different end use industries including healthcare, industrial, mining and construction.
Ultrasound devices are increasingly used in medical applications. Rising patient population, and concentration of chronic disorders such as vascular problems, hypertension, etc. are some of the growth propellers for global ultrasound devices market. Availability of funds, grants and demand for less time-consuming medical investigation processes are few other factors that are expected to propel the demand for ultrasound devices in medical applications. In addition, expansion of Industrial sector in Asia-Pacific and Africa demands low cost and less time-consuming non-destructive testing methods. As a result, ultrasound devices are finding more and more applications in the research and development activity.
Occupational exposure to ultrasound that exceeds 120 dB can adversely affect the hearing ability of humans and exposures above 180 dB may lead to death. Such factors are unlikely to affect the growth of ultrasound devices market in healthcare as well as industrial applications. Specifically configured ultrasound can produce an exotic occurrence called as sonoluminescence or light burst and this technology may find application in mobile fusion reactions in the near future.
Based on its technology, the global ultrasound devices market can be segmented into diagnostic ultrasound, 2D ultrasound, Doppler ultrasound, 3D & 4D ultrasound, therapeutic ultrasound, extracorporeal shockwave lithotripsy (ESWL) and high-intensity focused ultrasound (HIFU). Similarly, the market can be segmented based on the type of display of devices as colour display ultrasound devices and black and white display ultrasound devices. There are different products available in the market. The portability of ultrasound devices can also help to segment global ultrasound devices market as trolley-based ultrasound devices, point-of-care ultrasound devices and compact ultrasound devices. Few of the major ultrasound devices application segments are radiology, general imaging, gynaecology, cardiology, obstetrics, urology, vascular, Hepatology, breast imaging, anaesthesiology, non-destructive testing, surface testing, plastic welding and others.
Europe is the largest market for ultrasound devices followed by North America. This is majorly attributed by the fact that there are increasing number of commercialised ultrasound devices, expansion of clinical facilities and growing penetration of therapeutic ultrasound. US is the dominant market in North America due to higher adoption of clinical research activities. However, Asia-Pacific is poised to emerge as the fastest growing region with the growth mainly witnessed in countries such as China, and India.
Among all market participants, General Electric Company leads the market with the highest share. The company focuses on product commercialization, agreements and collaborations, marketing campaigns and geographic expansions. These strategies have helped the company to maintain its leading position in the global ultrasound devices market. Some of the key players profiled in the report include Koninklijke Philips N.V. (Netherlands), Siemens AG (Germany), Toshiba Corporation (Japan), Hitachi Ltd. (Japan), Fujifilm Holdings Corporation (Japan), Samsung Electronics Co., Ltd. (South Korea), Esaote S.p.A. (Italy), Analogic Corporation (U.S.) and Mindray Medical International Ltd. (China).
Market by Technology
· Diagnostic ultrasound
· 2D ultrasound
· Doppler ultrasound
· 3D & 4D ultrasound
· Therapeutic ultrasound
· Extracorporeal shockwave lithotripsy (ESWL)
· High-intensity focused ultrasound (HIFU)
Market by Display Type
· Colour display ultrasound device
· Black and white display ultrasound device
Market by Portability
· Trolley-based ultrasound devices
· Point-of-care ultrasound devices
· Compact ultrasound devices
Market by Application
· General imaging
· Breast imaging
· Non-destructive testing
· Surface testing
· Plastic welding
Market by Geography
· North America
o Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
Introduction The global women’s health diagnostics market size is anticipated to hit around USD 77.2 billion by 2026, this market is anticipated to grow with 7.3% CAGR during the forecast time period. Increasing occurrence of infectious diseases, for instance, urinary tract infection and hepatitis, among women is expected to boost the women’s health dia
Introduction The global Medical equipment rental market size is expected to reach a value of USD 65.4 billion by 2026, this market is anticipated to grow with 4.5% CAGR during the forecast time period. Growing base of geriatric and handicapped populace combined with rising requirement for home medicinal services items is pushing the market. Also, growing base of ge
Introduction The global Healthcare information systems market size is estimated to reach around USD 170.2 billion by 2026, this market is anticipated to grow with 7.8% CAGR during the forecast time period. Increase in technology penetration in healthcare sector drives the need for the healthcare information system market.
Introduction The global beauty and personal care products market size is estimated to reach around USD 717.6 billion by 2026, this market is anticipated to grow with 7.2% CAGR during the forecast time period. Market Dynamics Rising adoption and execution of AR in the magnific
Introduction The global medical device outsourcing market size in terms of revenue is expected to reach USD 193.6 billion in 2026. The global medical device outsourcing market is expected to experience a CAGR of 10.7% during the forecast period. Growing demand for medical devices tied with growing trend of off-shoring is expected to drive the market during the fore
Introduction The global Hi-tech medical devices market size estimated to reach around USD 198.4 billion by 2026, this market is anticipated to grow with 30.4% CAGR during the forecast time period. Worker health programs alongside upgraded exactness, style, and toughness of gadgets are among the essential development stimulants for the market.