The global ultrasound market is expected to reach USD 6.86 Billion by 2021 at a CAGR of 5.2% during 2016 to 2021. 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.
Major Market Drivers
1 Technological Advancements
2 Increasing Global Prevalence of Targeted Diseases
3 Rising Patient Preference for Minimally Invasive Procedures
4 Growing Public and Private Investments, Funding, and Grants
5 Increasing Birth Rates Especially Emerging Countries
PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=467
Major Market Restraints
1 Dearth of Skilled and Well-Trained Sonographers
2 Stringent Government Regulations
Key Growth Opportunities
1 Expanding Application Horizon of Ultrasound
2 Emerging Markets
Major Market Challenges
1 Growing End-User Preference for Refurbished Equipment
Market Key Players:
As of 2015, the global market is dominated by General Electric Company (U.S.), Koninklijke Philips N.V. (Netherlands), Toshiba Corporation (Japan), Siemens AG (Germany), Hitachi Ltd. (Japan), Samsung Electronics Co., Ltd. (South Korea), FUJIFILM Holdings Corporation (Japan), Esaote S.p.A. (Italy), Mindray Medical International Ltd. (China), Shimadzu Corporation (Japan), and Analogic Corporation (U.S.).
Know More: https://www.marketsandmarkets.com/Market-Reports/ultrasound-market-467.html
