Ultrasound Device Market Share, Revenue, Share and Growth Rate to 2024

3^rd January 2020 – Global Ultrasound Devices Market Research Report Presents Intellect by Leading Players, Type, Applications, Distribution Channel, Consumption, Revenue (Mn/Bn USD) and Region –Forecast to 2024.

The global Ultrasound Devices Market is set to witness a higher CAGR for the forecast period. Medical ultrasound represents images showing part of the body that are called as tomographic images. It collects information about biological medium without any modification. Ultrasound is thus a sound higher above 20Hz to 20kHz. For propagation, it needs a medium, by which it can propagate by means of deformation of medium. A medium is made of small spheres connected with springs.

Commercially, the use of ultrasonography in medical practice has been on constant evolution in the last few decades and continues to evolve as technological advances are fused with daily medical practice. The drivers for ultrasound device market entail rise in birth rate and in-vitro fertilization treatment coupled with rise in demand for sonography devices. Additionally, the market registers a rapid rise in number of new cases diagnosed with breast cancer. Presence of health agencies and government institutions are possibly to stimulate the global market scenario.

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Ultrasound devices market is segmented as non-woven and knitted woven, based on raw material. Application segment for ultrasound device industry involves healthcare & hygiene, implantable good and non-implantable goods. Geographical segmentation for ultrasound device market comprises North America, South America, Europe, Asia-Pacific, Middle East and Africa. North America dominates the global scenario due to the presence of a robust healthcare infrastructure and inclination towards home healthcare and rise in customer pool. APAC market is highly competitive due to the presence of large players. Untapped potential and lucrative opportunities in emerging economies reveal some excellent growth scenarios in the APAC sector.

The key players in the ultrasound devices industry include Toshiba Medical Systems Corporation, Philips Healthcare, Siemens Healthcare, Hitachi Medical Corporation, Samsung Medison, Mindray Medical International Limited, Analogic Corporation, GE Healthcare, Philips Healthcare and SonaCareMedical.

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