Bharat Book Bureau Provides the Trending Market Research Report on “Ultrasound Devices And Equipment Global Market Report 2020-30” under Life Sciences Category. The report offers a collection of superior market research, market analysis competitive intelligence and Market reports.



Global Ultrasound Devices And Equipment Market Report 2020-30: Covid 19 Impact and Recovery from provides strategists, marketers and senior management with the critical information they need to assess the global ultrasound devices and equipment market as it emerges from the Covid 19 shut down.

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Description:
Where is the largest and fastest growing market for the ultrasound devices and equipment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Ultrasound Devices And Equipment Market Global Report from answers all these questions and many more.
The report co.vers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
• The Market Characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the Covid 19 virus and forecasting its recovery.
• Market segmentations break down market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of Covid 19 for all regions, key developed countries and major emerging markets.
• Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered: 1) By Type: Diagnostic Ultrasound Systems; Therapeutic Ultrasound Systems
2) By End User: Hospitals; Diagnostic Imaging & Surgical Centers; Ambulatory surgical centers (ASCs); Clinics
3) By Type: Cart/Trolley Based; Compact/Handheld Ultrasound Devices
4) By Product: A-Mode; B-Mode or 2D Mode; C-Mode; M-Mode; Doppler Mode; Pulse Inversion Mode; Harmonic Mode

Companies Mentioned: GE Healthcare; Siemens Healthineers; Philips Healthcare; Mindray Medical International Ltd; Fujifilm Holdings Corporation

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time Series: Five years historic and ten years forecast.

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.
Major players in the ultrasound devices and equipment market are GE Healthcare, Siemens Healthineers, Philips Healthcare, Mindray Medical International Ltd and Fujifilm Holdings Corporation.

The global ultrasound devices and equipment market is expected to decline from $9.7 billion in 2019 to $7.8 billion in 2020 at a compound annual growth rate (CAGR) of -19.7%. The decline is mainly due to the COVID-19 outbreak and the measures to contain it. The governments across the countries prioritized covid-19 screening and imaging is not routinely used to screen for COVID-19. Also, most of the factories manufacturing diagnostic imaging equipment such as X-ray systems, ultrasound systems, computed tomography (CT) scanners, and MRI systems and/or their components, are currently shutdown inorder to keep the staff safe and contain the spread. The market is then expected to recover and grow at a CAGR of 4.8% from 2021 and reach $11.7 billion in 2023.

The ultrasound devices and equipment market consists of sales of ultrasound devices and equipment and related services. Ultrasound systems are machines used to see internal body structures based on the ultrasound application. Ultrasound systems are used in applications such as radiology/general imaging, orthopedic, cardiology, obstetrics/gynecology, vascular, urology, and other applications (breast imaging, hematology, anesthesiology, and emergency care).

Safety and effectiveness of ultrasound system devices and equipment is heavily monitored and regulated across the world. In 2018, the Indian Government has decided to thoroughly monitor these devices as they are being imported to India without much registration protocols. In order to ensure the efficiency & safety of ultrasound system devices and prevent the abuse of these devices for sex selection, the Drug Technical Advisory Board (DTAB) has included these devices in medical devices category and will now monitor and regulate import, manufacture, distribution and sale of these devices. An additional permission to be taken from Central Drugs Standard Control Organization (CDSCO) is required by the manufacturers of ultrasound system devices. These stringent regulatory policies may impact the ultrasound system devices and equipment market in India, one of the fastest growing market.

Strict approvals and regulations by government bodies such as US Food and Drug Administration (FDA) is hampering the growth of Ultrasound system devices and equipment market. The manufacturers are required to comply several regulations in the form of device quality check, labeling, premarket approval, device investigation and reporting, apart from the regular registration process. Such excessive, strict and rigid regulations are restraining the market's growth. Due to these stringent regulations, many manufacturers prefer to outsource the manufacturing to other countries where no such regulations are imposed. For example, FDA rejected the launch of EDAP TMS's latest High Intensity Focused Ultrasound (HIFU) device stating safety concern.

Introduction of the 3D/4D Ultrasound devices is the latest trend that is going to change the landscape of ultrasound devices and equipment market. The 3D/4D technology ultrasound device provides real time enhanced imaging of the internal anatomy/fetus, also enabling real-time volume imagining. This technology can also help in performing complex surgeries. The 3D/4D ultrasound device would also feature improved image visualization power, shorten examination time and decrease strain injury during the surgery. For example, Toshiba's Aplio i900 Ultrasound machine makes use of the 3D/4D technology.

Government and private funding in ultrasonic devices manufacturing companies is driving the growth for the ultrasound systems device and equipment market. The investments by private firms as well government would provide adequate capital for the ultrasonic device manufacturing companies to conduct research and development and develop innovative and advanced ultrasound devices. For example, during 2015-2017, Chinese ultrasonic companies like Sonoscape, Mindray and SIUI have benefitted from government initiative to boost local manufacturers. Also, Private equity firm KKR decided to invest $35 million in Australia's ultrasound device maker Signostics Ltd. Hence, these funding's would not only encourage innovative devices but boost the market as well.



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