Ultrasound Market: Global Ultrasound Share to surpass $6.90 Billion by 2021

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Zion Market Research has published a new report titled “Ultrasound Market (Cart/Trolley Based Ultrasound Devices and Compact Ultrasound Devices) By Technology, (2D, 3D, 4D Doppler and Other), By Application (Radiology, Cardiology, Urology, Gastroenterology, Gynecology and Others) – Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021”. According to the report, global demand for ultrasound market was valued at USD 5.20 billion in 2015, is expected to reach USD 6.90 billion in 2021 and is anticipated to grow at a CAGR of around 5.5% between 2016 and 2021.

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Ultrasound imaging is one of the most widely used diagnostic imaging techniques globally. Ultrasound imaging utilizes sound waves to deliver photos of within the body. It is utilized to analyze the reasons for disease, pain, swelling in body’s inner organs and to look infant growth in pregnant ladies. Additionally, do it is used to guide biopsies and analyze heart conditions. Ultrasound is protected, noninvasive, and does not utilize ionizing radiation. Ultrasound is safe doesn’t require any special preparation.

The growth of ultrasound market has been anticipated by increasing incidences of diseases, innovation in technology and growing demand for ultrasound devices. Growing demand from healthcare industry for disease diagnosis is one of the major driving factors for growth of the market. Moreover, Expensive procedure and unfavorable health care rules in developed countries are expected to hamper the growth of ultrasound market over the years.

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The worldwide ultrasound business sector is portioned on the basis of product, technology, applications, and regions. On the basis of product, ultrasound is divided into cart/trolley based ultrasound devices and compact ultrasound devices.  The cart/trolley based ultrasound devices are leading segment of ultrasound global market in 2015 and it is likely to continue the market dominance in next few years.By application, ultrasound market is divided into radiology, cardiology, urology, gastroenterology, gynecology, and others. On the basis of the technology, the market is segmented into 2D ultrasound, 3D ultrasound, 4D ultrasound, Doppler and other ultrasound technology.Amongst all technology segment, 3D and 4D ultrasound technology have a significant share in global ultrasound market in 2015 and expected to grow in near future.

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Some of the key participants in ultrasound market are Siemens AG, GE Healthcare, Analogic Corporation, FUJIFILM Holdings Corporation, Mindray Medical International Ltd, EsaoteSpA, Hitachi Ltd, and among others.

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