The ultrasound market is expected to reach USD 6.86 billion by 2021 at a CAGR of 5.2% during 2016-2021. North America and Europe held the largest share of the market in 2016; however, the Asia-Pacific region is poised to be the fastest growing region during the next five years owing to factors such as rising incidence of chronic and infectious diseases, increase in awareness related to advanced diagnostic and therapeutic ultrasound, and continuously rising healthcare expenditure.
Market growth in the global market is mainly driven by factors such as technological advancements in ultrasound devices; prevalence of targeted diseases; preference for minimally invasive procedures; growing public-private investments, funding, & grants; rising and birth rate/fertility rate especially among emerging countries. In addition, emerging markets (such as China and India) are offering new growth opportunities for ultrasound market players.
The ultrasound market is fairly competitive, with a large number of global and local manufacturers of ultrasound products. General Electric Company (U.S.), Koninklijke Philips N.V. (Netherlands), and Toshiba Corporation (Japan) were the top three players in the market in 2015. Product launches, approvals, & product enhancements; agreements, partnerships, & collaborations; and geographic expansions were the major strategies adopted by most of the market players to achieve growth in the market during 2013-2016.
- Analogic Corporation
- Esaote S.P.A.
- Fujifilm Holdings Corporation
- General Electric Company
- Hitachi Ltd.
- Koninklijke Philips N.V.
- Mindray Medical International Ltd.
- Samsung Electronics Co. Ltd.
- Shimadzu Corporation
- Siemens AG
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Insights
7 Ultrasound Market, By Technology
8 Ultrasound Market, By Device Display
9 Ultrasound Market, By Device Portability
10 Ultrasound Market, By Application
11 Ultrasound Market, By End User
12 Ultrasound Market, By Region
13 Competitive Landscape
14 Company Profiles
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