Ultrasound Devices Market: Global Markets & Advanced Technologies Date: 03-22-2017 09:39 PM CET Category: Health & Medicine Press release from: Transparency Market Research - Medical Devices
Ultrasound Devices Market: Snapshot Providers of ultrasound devices are rapidly moving towards developing compact/portable devices, as a predictive measure to secure market supply chains in the near future. For now, consumer are still showing a high preference towards the cart/trolley based ultrasound devices, making it the largest product segment till 2023. They are, however, cumbersome to carry around, which is driving consumers steadily towards compact ultrasound devices. 3D and 4D ultrasound devices have already topped the revenue charts since 2014. Their technological superiority over 2D ultrasound devices is expected to allow them to replace the latter steadily over time. The 3D and 4D ultrasound devices, showing the fastest growth rate in technologies, is showing the most promise for all ultrasound devices manufacturers to invest in. Browse Global Strategic Business Report: www.transparencymarketresearch.com/ultrasound-devices-mar... The application type that manufacturers need to look at is radiology. It held a revenue share of over 32% in 2014 and is progressing at the fastest CAGR among all application segments. The global ultrasound devices market owes its overall growth rate to these factors, and is expected to reach US$11 bn by 2023. It was recorded at US$6.7 bn in 2014 and was strongly dominated by players such as GE Healthcare and FUJIFILM Holdings Corporation. Asia Pacific Expected to Supersede Europe in Ultrasound Devices Demand by 2023 The largest revenue share of ultrasound devices in 2014 was held by Europe, with Asia Pacific in second place with 33.8% and 31.5% respectively. By the end of 2023, Asia Pacific is expected to lead the ultrasound devices revenue charts owing to the major investments made by China. In 2014, nearly 51% of the total ultrasound devices consumption was done by China. This was fueled by heavy investments as well as the favorable healthcare reforms implemented by the Government of China.
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