Ultrasound Market: Increasing requirement for healthcare domain for disease analysis to drive growth, finds ZMR

Ultrasound imaging is an extensively utilized diagnostic imaging technique around the world. Ultrasound imaging uses sound waves to provide images of the interior of the body. It is used to evaluate the causes of pain, disease, swelling in inner organs of the body, and to observe the growth of the fetus in pregnant women. Apart from this, it is also utilized to direct biopsies and examines heart conditions. An ultrasound is noninvasive, safe and doesn’t use ionizing radiation. No special preparations are required to perform an ultrasound. As per the report, the demand for ultrasound market was esteemed in 2015 at USD 5.20 billion, is projected to achieve USD 6.90 billion by 2021, and is expected to develop at a 5.5% CAGR between 2016 and 2021.

The growth of the market for ultrasound has been expected by growing prevalence of diseases, rising requirement for ultrasound devices, and improvement in technology. Increasing requirement for healthcare domain for disease analysis is one of the key propelling factors for the market growth. Furthermore, the hostile healthcare regulations and costly procedure in developed countries are anticipated to impede the ultrasound market growth in the coming period.

The global ultrasound market is bifurcated based on applications, technology, product, and regions. By application, the ultrasound market is classified into gynecology, cardiology, radiology, gastroenterology, urology, and others. The technology segment of the market is classified into Doppler, 4D ultrasound, 3D ultrasound, 2D ultrasound, and other ultrasound technology. Among the technology segment, 4D and 3Dultrasound technology had a noteworthy share in worldwide ultrasound market in 2015 and is projected to develop in the near future. The product segment of the market is categorized into compact ultrasound devices and trolley/cart-based ultrasound devices. The trolley/cart-based ultrasound devices are the dominating segment of the market in 2015 and it is expected to persist the market governance in coming few years.

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Few of the major players in ultrasound market are GE Healthcare, Siemens AG, Hitachi Ltd, FUJIFILM Holdings Corporation, Analogic Corporation, EsaoteSpA, Mindray Medical International Ltd, and among others.

The scanning ultrasound treatment has previously been validated to undo Alzheimer’s disease in mice and now as per the study conducted by a team from the University of Queensland demonstrated that in healthy brains it can delay aging.

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