Ultrasound Devices Market on Fast Track Growth in Developing Countries for Modernization of Healthcare

Published By : 06 Apr 2016 | Published By : QYRESEARCH

Ultrasound devices market in developed countries is mostly exhausted. This is mainly due to reasons of modern healthcare that is equipped with state-of-the-art infrastructure and equipment for diagnostics and treatment. However, the need to replace obsolete equipment and install new technology equipment will be beneficial for the ultrasound devices market in these regions. On the contrary, in several developing countries, healthcare is still evolving, thus, it has immense potential for the development of the ultrasound devices market. For instance, as per projections made from a leading market research firm, in China and India the ultrasound devices market will be triple and double their market sizes in 2010 respectively.

Globally, the market for ultrasound devices is expected to surpass a valuation of US$10 bn by 2021. Whilst the U.S. holds the largest share of this market, China dominates the market in terms of number of ultrasound. 

Ultrasound are sound waves with frequencies excessive than the upper limit of human audible range. Ultrasound is used in several fields and is not different from normal sound in physical properties. Ultrasound devices are functional from frequency ranging from 20 kHz to several gigahertz. The major application of ultrasound devices lies in identifying objects and calculating distances. Amongst several applications, ultrasound imaging finds extensive application in medicine. Industrially, ultrasound devices are used for mixing, cleaning, and for enhancing chemical processes. In the most recent application of ultrasound, scientists are exploring the use of these waves for communication purposes with the help of graphene diaphragms.

The key components of ultrasound devices are transducer probe, transducer pulse controls, keyboard/cursor, central processing unit (CPU), display, disk storage device, and printer. The transducer probe accounts as the major element of the ultrasound machine.

Top companies that have a significant presence in the global ultrasound devices market are GE Healthcare, Phillips Healthcare, Siemens Healthcare, and Toshiba Medical System among others.

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