Technological Advancements to Benefit Global Market for Ultrasound Devices

Published By : 29 Mar 2016 | Published By : QYRESEARCH

Ultrasound devices are medical devices that are widely used for diagnostic imaging as well as a therapeutic modality, and they have an array of applications in the medical industry across the globe. Ultrasound is an advanced technique, which allows a proper examination of different parts and organs of a human body. The ultrasound devices emit high-frequency sound waves that are directed towards the body parts that further helps in analyzing the condition of that particular part. Several conventional ultrasonic devices, instruments, and sophisticated software have been commercialized and are used across the globe for medical applications.

On the basis of type, the global market for ultrasound devices can be divided broadly into compact ultrasound devices and cart/trolley based ultrasound devices. Among these type, the cart/trolley segment has gained traction in the last few years and are expected to lead the market in the near future. The rapid growth of this segment can be attributed to its easy use in emergency departments, anesthesiology, critical care, and musculoskeletal applications. On the basis of technology, the global market for ultrasound devices can be classified into 2-D ultrasound imaging, lithotripsy ultrasound imaging, Doppler ultrasound imaging, high intensity focused ultrasound, and 3-D ultrasound imaging, and 4-D ultrasound imaging.

The technological advancements in the field of medical industry and its devices are the major factors that is estimated to fuel the growth of the overall market in the next few years. In addition, the booming medical tourism in several developing countries has contributed significantly to the growth of the global market for ultrasound devices. 

Some of the major applications of ultrasound devices across the globe are:

  • Gastroenterology
  • Obstetrics
  • Gynecology
  • Cardiovascular
  • Radiology
  • Others

The improving medical infrastructure in developing countries has encouraged the growth of the global market for ultrasound devices. Several market players are estimated to participate in the market in the next few years. A huge amount is being spent by these players for research and development activities to develop these devices and provide the patients with comfort and accurate results. Some of the major players operating in the global market ultrasound devices are FUJIFILM Holdings Corporation, Esaote SpA, Mindray Medical Corporation, GE Healthcare, Koninklijke Philips N.V., and Analogic Corporation. 

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