San Francisco, California, January 16, 2018 – The global ultrasound market is prophesied to gain momentum in its growth on account of a rising count of medical complications associated with pregnancies. A report by TMR Research titled “Ultrasound Market – Global Industry Analysis, Size, Share, Trends, Analysis, Growth, and Forecast 2017 – 2025” foresees growth to rise on the back of the swelling number of pregnancies across the world. Vascular, cardiology, gynecology, radioecology, urology, and other domains could exhibit a high adoption rate for ultrasound devices, especially in hospitals. Owing to the escalating need to gain knowledge about complicated problems related to the heart, the cardiovascular market is expected to showcase an aggressive advancement in the coming years.
However, radiology/general imaging could demonstrate its dominance in the world ultrasound market. In the foreseeable future, the demand for ultrasound devices is prognosticated to see a rise because of the growing incidence of a broad scope of chronic and infectious diseases. On account of the noticeable changes in dietary and lifestyle choices, there has been a tremendous increase in the prevalence of cancer and cardiovascular disease. Furthermore, with the rising count of sports and accidental injuries, the demand in the market is projected to increase. In order to decide the intervention and determine the intensity, an ultrasound checkup is required in cases of injuries caused to inaccessible organs such as muscles, tendons, joints, and vessels.
Portable and display are some of the popular devices engaged in the international ultrasound market. Among portable devices, trolley/cart and handheld-based ultrasound devices could be more extensively used. The advent of point-of-care (POC) diagnostics could bode well for the market. If the display devices are concerned, color display offering better visuals is expected to gain a good traction against black and white display.
Initiatives taken by research institutes and leading players of the industry could provide a strong boost to the world ultrasound market as they create a positive atmosphere for development. Manufacturers are foreseen to collaborate with research institutions and universities to empower the market with a sound growth backed by the availability of high-quality products. The next major trend of the market is anticipated to be miniaturization which could revolutionize the industry in a better way. Moreover, it could allow scientists and physicians to understand several conditions at a low cost.
On the regional front, the international ultrasound market is forecast to witness the rise of Europe as a leading segment. The region has already shown its potential in the recent past and is projected to set the tone for a valuable growth in the market. This could be because of the healthcare sector prospering in the region riding on strong technological advancement promoting the introduction of novel products in the market. Moreover, swelling investment in research and development and the healthy presence of prominent players in the region could help Europe to gain a dominating share of the market.
Nonetheless, North America could also offer comprehensive growth prospects in the international ultrasound market due to the launch of favorable government initiatives and the strongly rising healthcare industry in the region. Asia Pacific, on the other hand, is envisioned to take advantage of the growing incidence of cancer and the massive potential of unmet medical needs.
The worldwide ultrasound market could include powerful players such as Siemens Healthcare, Toshiba Medical Systems Corporation, Analogic Corporation, Fujifilm Holdings Corporation, and GE Healthcare.
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