Ultrasound Consumption Market | Forecast 2018-2023
In this report, Planet Market Reports covers the present scenario with the base year being 2017 and the growth prospects of global Ultrasound market for 2018-2023.
Ultrasound is sound waves with frequencies higher than the upper audible limit of human hearing. Ultrasound is no different from normal audible sound in its physical properties, except in that humans cannot hear it. This limit varies from person to person and is approximately 20 kilohertz 20,000 hertz in healthy, young adults. Ultrasound devices operate with frequencies from 20 kHz up to several gigahertz.
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Compared to the old generation of 2D ultrasound devices, 3D technology has added a dimension of depth, and 4D a dimension of depth and time. 3D and 4D ultrasound devices are becoming increasingly popular in Eastern Europe, especially in cardiology and obn ultrasound. The market for 3D and 4D is however not yet saturated there, mainly due to financial constraints. In other regions, such as Scandinavia, the reason for low market penetration of 3D/4D ultrasound is lack of acceptance among doctors. Research shows that doctors in Scandinavia do not consider 3D/4D ultrasound to provide more clinical value during diagnosis and are therefore quite reluctant. Convertors of images in older generation ultrasound units were based on hardware, which was built in the ultrasound device. The new generation uses external computers, which perform the scan conversion. This has resulted in an increase of calculation power of ultrasound devices and has led to major improvements in quality.
Currently, the demand for handheld ultrasound devices is on the rise owing to the shifting trend towards home healthcare and remote patient monitoring to reduce hospitalization cost.
Over the next five years, Planet Market Reports projects that Ultrasound will register a $$% CAGR in terms of revenue, reach US$ $$ million by 2023, from US$ $$ million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Ultrasound market by product type, application, key manufacturers and key regions.
To calculate the market size, Planet Market Reports considers value and volume generated from the sales of the following segments:
Segmentation by product type:
3D & 4D Ultrasound
Segmentation by application:
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
VisualSonics Fujifilm SonoSite
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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