Ultrasound Devices Market is expected to expand at a CAGR of 5.02% from 2016 to 2022

The latest market report published by Credence Research, Inc. “Ultrasound Devices Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 - 2022,” the ultrasound devices market was valued at USD 5,524.5 Mn in 2015, and is expected to reach USD 7,805.9 Mn by 2022, expanding at a CAGR of 5.02% from 2016 to 2022. 

Browse the full report Ultrasound Devices Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2022 at http://www.credenceresearch.com/report/ultrasound-devices-market

Market Insights

Ultrasound diagnosis is an imaging procedure carried out using high-frequency sound waves to produce precise images of structures of human body. The produced images during an ultrasound examination provide valuable information for diagnosis and treatment of several diseases. Introduction of innovative technologies such as 3D and 4D imaging are creating opportunities for the existing as well as new market players in ultrasound devices market. However, the major factors restraining the growth of the market are reimbursement policies in emerging nations. The ultrasound devices market is segmented on the basis of product type, technology, application and geography. 

The major key players profiled in the ultrasound devices market are on the basis of various characteristics such as business description, financial health and budget allocation, product portfolio, and news coverage. The major players profiled in this report include GE Healthcare, FUJIFILM Holdings Corporation, Hitachi Medical Corporation, Samsung Medison Co. Ltd., Koninklijke Philips N.V., Toshiba Medical Systems Corporation, Mindray Medical Corporation, Esaote SpA, and Analogic Corporation.

Chapter 1 Preface
1.1 Report Description
1.1.1 Study Purpose
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Market Segmentation
1.3 Research Methodology

Chapter 2 Executive Summary
2.1 Ultrasound Devices Market, by Product Type, 2015 (USD Mn)
2.2 Ultrasound Devices Market Share, by Technology, 2015 & 2022 (Value %)
2.3 Ultrasound Devices Market, By Applications, 2015 & 2022 (USD Mn)
2.4 Ultrasound Devices Market Share, by Geography, 2015 (Value %)

Chapter 3 Global Ultrasound Devices Market: Market Dynamics and Outlook
3.1 Introduction, Facts and Figures
3.1.1 Ultrasound Devices Technologies: Current and Future Trends
3.2 Drivers
3.3 Challenges
3.4 Future Prospects
3.5 Attractive Investment Proposition ...

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The major factors assisting the growth of ultrasound devices market are constant technological advancements, increasing public-private investments, and rising market demand for minimally invasive diagnostic and therapeutic techniques. Based on the applications, the ultrasound devices market is segmented into:

• Cardiology
• Obstetrics/Gynecology
• Radiology
• Urology
• Vascular Applications
• Others

Cardiology applications accounted for the major market share in global ultrasound devices market in 2015. The World Health Organization (WHO) estimates, cardiovascular diseases (CVD) account for 9.4 million deaths globally each year. The number is likely to increase to 23.3 million by 2030. Elderly people are susceptible to various ailments such as abdominal disorders and cardiovascular diseases. Thus, high prevalence of cardiovascular diseases and rising public awareness associated with cardiovascular disease diagnosis are the major factors assisting its growth of ultrasound devices market during the forecast period 2016 – 2022.

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For the purpose of this study, the global ultrasound devices market is categorized into:

• North America
• Europe
• Asia Pacific
• Latin America (LATAM)
• Middle East and Africa (MEA)

Ultrasound imaging technology has wide utilization in field of diagnosis, ranges from fetal imaging to cancer detection. One of the major advantages of ultrasound is it doesn’t possess any radiation based harmful effects which is boosting the adoption rate of diagnostic imaging techniques. The demand for ultrasound devices is expected to increase in Europe due to increasing prevalence of kidney stone patients, gastrointestinal diseases and obesity. 

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