Ultrasound Devices Global Market Opportunities And Strategies To 2023


Posted October 22, 2020 by KarthikPilla

The global market for ultrasound devices reached a value of nearly $9,689.8 million in 2019, having increased at a compound annual growth rate (CAGR) of 3.2% since 2015.
 
Bharat Book Bureau Provides the Trending Market Research Report on "Ultrasound Devices Global Market Opportunities And Strategies To 2023" under Equipment & Supplies category. The report offers a collection of superior market research, market analysis, competitive intelligence and industry reports.

Ultrasound Devices Global Market Opportunities And Strategies To 2023
Including: By Type Of Product: Stationary Ultrasound Devices; Mobile Ultrasound Devices; Handheld Ultrasound Devices
By End-Use Application: Cardiovascular; Obstetrics/Gynecology; Gastro; Musculoskeletal; Point Of Care
Covering: General Electric Company; Koninklijke Philips N.V.; Siemens Healthineers AG; Canon Inc.; Hitachi, Ltd.

Ultrasound Devices Global Market Opportunities And Strategies To 2023 report provides the strategists, marketers and senior management with the critical information they need to assess the global ultrasound devices market.

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Description:

Where is the largest and fastest growing market for the ultrasound devices market? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? Ultrasound Devices Global Market Opportunities And Strategies To 2023 report from The Business Research Company answers all these questions and many more.

The report covers the following chapters

• Executive Summary - The executive summary section of the report gives a brief overview and summary of the report
• Report Structure - This section gives the structure of the report and the information covered in the various sections.
• Introduction - Introduction section of the report gives brief introduction about segmentation by geography and segmentation by type.
• Market Characteristics - The market characteristics section of the report defines and explains the ultrasound devices market. This chapter includes different products covered in the report and basic definitions.
• Regional Market Size And Growth - This section contains the region’s market size (2019), historic and forecast (2015-2019,) market values, and growth and market share comparison of major countries within the region. This report includes information on all the regions (Asia Pacific, Europe, North America, South America, Middle East and Africa).
• Segmentation - This section contains the market value (2015-2023) and analysis for different segments.
• Key Mergers And Acquisitions - This chapter gives the information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
• Trends And Strategies - This chapter describes the major trends shaping the global ultrasound devices market. This section highlights likely future developments in the market and suggests approaches companies can take to exploit these opportunities.
• Competitive Landscape - This section covers details on the competitive landscape of the global ultrasound devices market, estimated market shares and company profiles of the leading players.
• Market Opportunities And Strategies - This section includes market opportunities and strategies based on findings of the research. This section also gives information on growth opportunities across countries, segments and strategies to be followed in those markets. It gives an understanding of where there is significant business to be gained by competitors in the next five years.
• Conclusions And Recommendations - This section includes conclusions and recommendations based on findings of the research. This section also gives recommendations for ultrasound devices providers in terms of product offerings, geographic expansion, price offerings, marketing strategies and target groups.
• Appendix - This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.

Markets Covered:

By Type Of Product: Stationary Ultrasound Devices; Mobile Ultrasound Devices; Handheld Ultrasound Devices

By End-Use Application: Cardiovascular; Obstetrics/Gynecology; Gastro; Musculoskeletal; Point Of Care

Companies Mentioned: General Electric Company; Koninklijke Philips N.V.; Siemens Healthineers AG; Canon Inc.; Hitachi, Ltd.

Countries: USA

Regions: Americas, Asia Pacific, Europe, Middle East And Africa (MEA)

Time series: Five years historic and forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

This report describes and evaluates the global portable ultrasound devices market. It covers two five-year periods, 2015 to 2019, termed the historic period, and 2019 through 2023, the forecast period.

The global market for ultrasound devices reached a value of nearly $9,689.8 million in 2019, having increased at a compound annual growth rate (CAGR) of 3.2% since 2015. The market is expected to grow at a CAGR of 4.7% to nearly $11,648.2 million by 2023.

Growth in historic period resulted from rapid technological advances coupled with large-scale investments in the healthcare industry, support from governments and private organizations for research and development that resulted in innovations, and increased size of the aging populations with mobility issues. Factors that negatively affected growth in the historic period were high costs of maintenance of portable ultrasound devices, and privacy and security concerns about patients’ data. Going forward, advances in low power consumption and charging technologies, increasing number of patients with chronic diseases, and increasing awareness about portable medical devices will drive the growth. Factors that could hinder the growth of the portable ultrasound devices market in the future include rising interest rates, and insufficient public health insurance coverage, especially in developing economies.

The ultrasound devices market is segmented based on the type of product into stationary ultrasound devices, handheld ultrasound devices and mobile ultrasound devices. The stationary ultrasound devices market was the largest segment of the ultrasound devices market in 2019 at 52.4%. The handheld ultrasound devices market is expected to be the fastest-growing segment going forward at a CAGR of 26.4%.

The portable ultrasound devices market is also segmented based on the type of end-use application into cardiovascular, obstetrics/gynecology, gastro, musculoskeletal, and point of care. The point of care portable ultrasound devices market was the largest segment in 2019 at 41.0%. The market for point of care portable ultrasound devices is also expected to be the fastest-growing segment going forward at a CAGR of 21.4%.

The Europe region was the largest market for ultrasound devices, accounting for 35.4% of the global market in 2019. It was followed by Americas, Asia-Pacific and the Middle East and Africa (MEA). Going forward, the fastest growing regions in the ultrasound devices market will be Asia-Pacific and Europe, where growth will be at CAGRs of 7.4% and 4.5% respectively. These will be followed by the Middle East and Africa (MEA) and Americas, where the markets are expected to grow at CAGRs of 4.2% and 2.9% respectively.

The ultrasound devices market is highly concentrated, with a small number of large players. The top ten competitors in the market made up to 74.6% of the total market in 2019. Key players in this market include General Electric Company, Koninklijke Philips N.V., Siemens Healthineers AG, Canon Inc. and Hitachi, Ltd.

The top opportunities in the ultrasound devices market by type of product will arise in the stationary ultrasound devices segment, which will gain $5,081.9 million of global annual sales by 2023. The top opportunities in the portable ultrasound devices market by type of end-use application will arise in the point of care segment, which will gain $1,889.9 million of global annual sales by 2023. The ultrasound devices market size will gain the most in the Asia-Pacific at $797.3 million.

Player-adopted strategies in the ultrasound devices industry include strengthening healthcare expertise by focusing on the core healthcare business through divestment strategies, expanding company’s capabilities through acquisitions, and focusing on innovations of products and technologies through strong research and development initiatives.

To take advantage of the opportunities such as these, TBRC recommends a range of strategies for ultrasound devices manufacturers. These include focusing on safeguarding patient data to mitigate any risks from cyber threats, targeting cardiologists, who tend to perform their own image acquisition in addition to image interpretation, focusing on innovations in portable ultrasound device product lines to increase market share, and focusing on strategic partnerships with technology companies.

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Tags ultrasound devices market , ultrasound devices market analysis , ultrasound devices market forecast , ultrasound devices market outlook , ultrasound devices market segmentation
Last Updated October 22, 2020