Growth Opportunities in the Global Ultrasound Imaging Market
LONDON, April 26, 2017 /PRNewswire/ -- Trends, opportunities and forecast in this market to 2022 by application (Gynecology, Cardiology, Radiology, Vascular, Urology, and Others), by technology (2D Imaging, 3D Imaging, 4D Imaging, Doppler Imaging, and Others), by product type (Trolley/Cart Based and Compact), by display (Black and White Display and Color Display), by price range (Premium High-End, Mid-Range, and Low-End), and by region (North America, Europe, Asia Pacific, and Rest of the World)
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The global ultrasound imaging market looks good with opportunities in the gynecology, cardiology, radiology, vascular and urology clinical applications market. The global ultrasound imaging market is expected to reach an estimated $7.6 billion by 2022 and is forecast to grow at a CAGR of 4.9% from 2017 to 2022. The major drivers for the growth of this market are the rising demand for minimal invasive and non-invasive diagnostic procedures, technology advancement, and an increasing number of patients.
Emerging trends which have a direct impact on the dynamics of the ultrasound imaging industry include technological innovations and advancement, ultrasound diagnostic in the field of guided therapy and surgery, and commercialization of portable/hand-held devices.
The study includes ultrasound imaging market size and forecast for the global ultrasound imaging market through 2022 segmented by application, by technology, product type, by display, by price range, and by region, as follows:
Ultrasound imaging market by Application [Value ($ million) from 2011 to 2022]:
- Gynecology
- Cardiology
- Radiology
- Vascular
- Urology
- Others
Ultrasound imaging market by Technology [Value ($ million) from 2011 to 2022]:
- 2D Imaging
- 3D Imaging
- 4D Imaging
- Doppler Imaging
- Others
Ultrasound imaging market by Product [Value ($ million) from 2011 to 2022]:
- Trolley/cart Based
- Compact
Ultrasound imaging market by Display [Value ($ million) from 2011 to 2022]:
- Black and White Display
- Color Display
Ultrasound imaging market by Price Range [Value ($ million) from 2011 to 2022]:
- Premium High-End
- Mid-Range
- Low-End
Ultrasound imaging market by Region [Volume (Million Units) and Value ($ million) from 2011 to 2022]:
- North America
- Europe
- Asia Pacific
- Rest of the World
Ultrasound imaging companies profiled in this market report include GE Healthcare, Philips Healthcare, and Fujifilm Holdings Corporation are among the major suppliers of ultrasound devices.
On the basis of comprehensive research, Lucintel forecasts that the gynecology and cardiology segments are expected to show above average growth during the forecast period.
Within the global ultrasound imaging market, radiology segment is expected to remain the largest market. Growing geriatric population and rise in awareness for early diagnosis are the major driving forces that will spur growth for these segments over the forecast period.
Europe is expected to remain the largest market due to the technological advancement, geriatric population, and increasing importance on minimally invasive procedures in this region.
Some of the features of "Growth Opportunities in the Global Ultrasound Imaging Market: Trends, Forecast, and Opportunity Analysis" include:
- Market size estimates: Global ultrasound imaging material market size estimation in terms of value ($M) and volume (million units) shipment.
- Trend and forecast analysis: Ultrasound imaging material market trend (2011-2016) and forecast (2017-2022) by segments and region.
- Segmentation analysis: Global ultrasound imaging material market size by various applications such as application, technology, product, display, and price range in terms of value and volume shipment
- Growth opportunities: Analysis on growth opportunities in different applications.
- Strategic analysis: This includes M&A, new product development, competitive landscape, and expansion strategies of ultrasound imaging material suppliers.
- Analysis of competitive intensity of the industry based on Porter's Five Forces model.
This report addresses the following key questions:
Q.1 What are some of the most promising, high-growth opportunities for ultrasound imaging market by application (Gynecology, Cardiology, Radiology, Vascular, Urology, and Others), by technology (2D Imaging, 3D Imaging, 4D Imaging, Doppler Imaging, and Others), by product type (Trolley/Cart Based and Compact), by display (Black and White Display and Color Display), by price range (Premium High-End, Mid-Range, and Low-End), and by region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?
Q.5 What are the business risks and competitive threats in the ultrasound imaging material market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some of the changing demands of customers in the ultrasound imaging material market?
Q.8 What are the new developments in the market and which ultrasound imaging material companies are leading these developments?
Q.9 Who are the major ultrasound imaging material suppliers? What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M & A activity has occurred in the last 5 years?
Methodology
This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in this market
- Detailed secondary research from competitors' financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of Lucintel's professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted in the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts in the market. Some of the manufacturers in ultrasound imaging market are General Electric, Philips, Siemens AG, Toshiba and others. The major distributors in this market are General Electric, Philips, Central Asia Healthcare, Imax Medical and others.
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