Ultrasonic Device Market Expected to Experience Explosive Growth by 2027 | GE Healthcare, Koninklijke Philips NV, Toshiba Medical Corporation, Hitachi Medical Corporation
Continuous technical advancements and advancements in ultrasound devices offer a new advantage to diagnostic imaging. Imaging is crucial in detecting various diseases such as brain disease, bone disease, skeletal muscle disease, cardiovascular disease, cancer, kidney problem and many more. Ultrasound is now used in a wide range of therapeutic areas, such as gastroenterology, surgery, and musculoskeletal medicine, in addition to radiology.
The Global ultrasound devices market was worth 6,230.1 million US $ in 2019 and grew at a CAGR of 1.9% during the forecast period 2020 and 2027.
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The main players are focused on creating economical, user-friendly and modern technological devices to deliver better diagnostic imaging results. For example, Koninklijke Philips NV launched Philips Lumify portable ultrasound technology for heart patients in November 2019. Lumify is an integral part of the Extracorporeal Membrane Oxygenation (ECMO) mobile system, providing real-time visual support to the physician. throughout the ECMO cannulation. to treat.
ECMO machines have been offered in a few hospitals in the United States until recently. Additionally, in collaboration with Albuquerque Fire and Rescue (AFR), the Prehospital and Adult Critical Care Divisions of the UNM Department of Emergency Medicine launched the first mobile ECMO procedure in the United States. The machine, which is installed in the back of a custom ambulance, allows doctors to perform ECMO surgery on the go. In a prehospital scenario, such improved treatment could increase the chances of survival by about 30%. Philips Lumify ultrasound technology is an integral part of the mobile ECMO unit. Lumify is used by members of the ECMO team to provide real-time visual guidance when placing tubes in arteries and veins, a procedure known as ECMO cannulation.
The increased publication of new and modern technology ultrasound device solutions is expected to drive the growth of the global ultrasound device market during the forecast period. For example, JW Medical, a subsidiary of JW Holdings, in 2019 released the ARIETTA 65, an ultrasound imaging device manufactured by Hitachi Medical Systems, a medical device company. This device was intended to be a top model in the ultrasonic device segment, according to the company. The ARIETTA 65’s elastography feature enables automated frame selection and assesses the elasticity of the lesion relative to adipose tissue.
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GE Healthcare introduced Versana Essential, a new ultrasound system, in 2018. This system was developed to provide a variety of physicians with enhanced capabilities, simplifying the diagnosis and rapid treatment of potentially significant problems.
In addition, the consistency of ultrasound devices remains a major drawback, as operator variation results in various measurements for the same anatomy.
Ultrasonic Devices Market – Regional Overview
The global ultrasonic device market is divided into Asia-Pacific, Latin America, Africa, Europe, North America, and Middle East based on region.
North America is expected to account for the largest share of the global ultrasound devices market, owing to an increase in the number of pregnancies, which is expected to drive the growth of the global ultrasound devices market during the forecast period. One of the main causes of the demand for ultrasound equipment is the increasing number of deliveries each year, as ultrasound imaging is used to monitor the growth of the baby in the womb. The total number of births in the United States in 2016 was approximately 3,978,497, according to the Centers for Disease Control and Prevention (CDC). The birth rate in the United States was about 12.4 per 1,000 people. Hence, obstetrics and gynecology accounted for a significant share of the global ultrasound devices market.
Global Ultrasonic Devices Market – Competitive Landscape
Some of the major players contributing to the global ultrasound device market are Fujifilm Corporation, Esaote SpA, Toshiba Medical Corporation, Samsung Medison Co. Ltd., Koninklijke Philips NV, Siemens Healthcare, GE Healthcare, Analogic Corporation, Hitachi Medical Corporation.
Reasons to buy this report
• Current and future outlook of the Global Ultrasonic Device Market in developed and emerging markets
• The segment which is expected to dominate the market as well as the segment which holds the highest CAGR during the forecast period.
• Regions / countries expected to experience the fastest growth rates during the forecast period
• The latest developments, market shares and strategies used by the main market players
Chapter 1 Industry Overview
1.3 Scope of the research
1.4 Market Analysis by Regions
1.5 Global Ultrasonic Devices Market Size Analysis
11.6 COVID-19 outbreak: impact on the ultrasonic device industry
Chapter 2 Global Ultrasonic Device Competition by Types, Applications, and Major Regions and Countries
2.1 Global Ultrasonic Devices (Volume & Value) by Type
2.3 Global Ultrasound Devices (Volume & Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional production market analysis
Chapter 4 Global Ultrasonic Devices Sales, Consumption, Export, Import by Regions
Chapter 5 North America Ultrasonic Devices Market Analysis
Chapter 6 East Asia Ultrasonic Devices Market Analysis
Chapter 7 Europe Ultrasonic Devices Market Analysis
Chapter 8 Southeast Asia Ultrasonic Devices Market Analysis
Chapter 9 Southeast Asia Ultrasonic Devices Market Analysis
Chapter 10 Middle East Ultrasonic Devices Market Analysis
Chapter 11 Africa Ultrasonic Devices Market Analysis
Chapter 12 Oceania Ultrasonic Devices Market Analysis
Chapter 13 South America Ultrasonic Devices Market Analysis
Chapter 14 Company Profiles and Key Figures of Ultrasonic Equipment Industry
Chapter 15 Global Ultrasonic Devices Market Forecast (2021-2028)
Chapter 16 Conclusions
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