Industry Background:
Ultrasound is a medical imaging modality which uses sound waves with frequencies higher than the upper audible limit to visualise the internal organ of the body. The ultrasound machine is used to visualise liver, kidney, blood vessels and other organs. It is a form of diagnostic imaging techniques which also examines pregnant women. The emergence of 4D ultrasound imaging has revolutionized the imaging industry and has efficiency in imaging while performing complex surgeries.This growth is primarily driven by Release of New Premium Ultrasound Platforms for General Imaging Applications
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Attributes | Details |
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Study Period | 2018-202 |
Base Year | 2023 |
Forecast Period | 2024-202 |
Volume Unit | K Units |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Medical Devices sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Philips (Netherlands), Mindray Medical (China), FUJIFILM Holdings Corporation (Japan), Hologic (United States), Analogic Corporation (United States), General Electric Company (United States), Carestream (United States), Mobisante (United States), Chison Medical Imaging (China), Canon Medical Systems (Japan), Siemens AG (Germany), Hitachi (Japan), Samsung Electronics (South Korea), Esaote S.p.A. (Italy) and Shimadzu Corporation (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In March 2018, GE Healthcare is a multinational company which provides medical imaging, monitoring, biomanufacturing and cell and gene therapy technologies (US) has expanded with Trice Imaging (US) their partnership for software enhancements and developments to be made for GE’s LOGIQ E10 ultrasound system.
Influencing Trend:
Ultrasound of Cancer with Increasing Incidences of Cancers Cases Is In High Trend
Market Growth Drivers:
Release of New Premium Ultrasound Platforms for General Imaging Applications, High Investment for Development in Health Care Sector, Growing Demand for Minimal Invasive and Non Invasive Diagnostic Procedures, Increasing Number of Diagnostic Centers & Hospitals and Increasing Prevalence of Target Diseases
Challenges:
Growing End-User Preference for Refurbished Equipment and Dearth of Skilled and Well-Trained Sonographers
Restraints:
Stringent Government Rules and Regulations
Opportunities:
Expanding Applications of Therapeutic Ultrasound and Cost Optimization in Manufacturing of Devices
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Ultrasound Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Ultrasound Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols:
By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Ultrasound players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Ultrasound Study Sheds Light on
The Ultrasound Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Ultrasound industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Ultrasound industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.