Market Analysis and Insights: North America Ultrasound Imaging Devices Market
North America Ultrasound imaging devices market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.8% in the forecast period of 2020 to 2027 and is expected to reach USD 4,295.94 million by 2027. Rising incidence of chronic diseases across the world, increased demand of ultrasound imaging procedures in obstetrics and gynecology are the major drivers which propelled the demand of the market in the forecast period.
Ultrasound imaging devices can be described as the devices that take images of the inside of the body using the high frequency sound waves. Ultrasound system uses the technique of ultrasonic imaging technique. Ultrasound devices can create real-time images of the body component, which can display the movement of the body. Ultrasound system consists of a transducer and ultrasound detector, or probe. This diagnostic technique is minimally invasive and does not use the ionizing radiation to diagnose or treat the body ailments.
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North America Ultrasound Imaging Devices Market Scope and Market Size
North America Ultrasound imaging devices market is segmented on the basis of array format, device display, device portability, technology, application, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
• On the basis of array format, the market is segmented into phased array, linear array, curved linear array and others. Curved linear array is dominating in the market with large number of applications and as these probes can be used for diagnostic imaging from small intercostal spaces across various body parts.
• On the basis of device display, the market is segmented into color ultrasound devices and black and white (B/W) ultrasound devices. Color ultrasound devices are dominating the market as North America is among the fastest adopters of new technology and the majority of new ultrasound devices have color screens to support a range of features.
• On the basis of device portability, the market is segmented into trolley/cart-based ultrasound devices, compact/handheld ultrasound devices, stationary ultrasound devices and point-of-care ultrasound devices. Trolley/cart-based ultrasound devices are dominating the market due to focus of the healthcare industry to provide value based care while reducing the capital cost. Trolley/cart-based ultrasound devices aid in reducing the capital cost as they offer the convenience of moving the device across departments as per requirement.
• On the basis of technology, the market is segmented into diagnostic ultrasound and therapeutic ultrasound. Diagnostic ultrasound is dominating the market as the adoption of therapeutic ultrasound is comparatively low as compared to diagnostic ultrasound which is an age old technique used for imaging of soft tissues. Hence, the adoption of diagnostic imaging devices is higher as compared to therapeutic imaging devices.
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North America Ultrasound Imaging Devices Market Country Level Analysis
Ultrasound imaging devices market is analysed and market size information is provided by array format, device display, device portability, technology, application, end user and distribution channel.
The countries covered in the ultrasound imaging devices market report are the U.S., Canada, and Mexico.
U.S. is expected to dominate the market due to the high adoption of ultrasound imaging devices and show high growth in the forecasted periods due high technology adoption and well established healthcare infrastructure. The well-equipped hospitals in the country offer a range of diagnostic and therapeutic ultrasound services for patients.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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Competitive Landscape and Ultrasound Imaging Devices Market Share Analysis
Ultrasound imaging devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to ultrasound imaging devices market.
The major players covered in the report are GE Healthcare (A SUBSIDIARY OF GENERAL ELECTRIC) ,Hitachi, Ltd., Trivitron Healthcare, Hologic Inc., Siemens Healthcare GmbH, ESAOTE SPA, ALPINION MEDICAL SYSTEMS Co., Ltd, FUJIFILM Corporation (A SUBSIDIARY OF FUJIFILM HOLDINGS CORPORATION), FUKUDA DENSHI, Koninklijke Philips N.V., EDAN Instruments, Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Shimadzu Medical Systems USA Northwest Branch, CANON MEDICAL SYSTEMS CORPORATION (A SUBSIDIARY OF CANON INC.), Mobisante, SonoScape Medical Corp, SAMSUNGHEALTHCARE (A SUBSIDIARY OF SAMSUNG ELECTRONICS CO, LTD.) among other domestic and North America players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launch and agreement are also initiated by the companies’ worldwide which are also accelerating the ultrasound imaging devices market.
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