Market Analysis: North America Ultrasound Devices Market
North America ultrasound devices market is registering a substantial CAGR of 5.73% in the forecast period of 2019-2026. This rise in the market can be attributed due to the surge in the elderly and obese population which is contributing to the market growth.
Market Definition: North America Ultrasound Devices Market
Ultrasound devices are used to detect the objects and measure the distances which facilitate a proper diagnosis of the patient. It is usually used to detect invisible flaws. Ultrasound devices emit high frequency sound which enables an image of the internals of the patient’s body. These devices usually consist of a display screen and a transducer probe and have a wide range of applications in radiology, urology and other applications.
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• The rising prevalence of diagnostic imaging is driving the market growth
• Surging burden of chronic diseases is fueling the market growth
• The various innovations and technological advancements have driven the market growth
• The stringent regulatory reforms is hindering the market growth
Segmentation: North America Ultrasound Devices Market
o Diagnostic Ultrasound
3D & 4D Ultrasound
o Therapeutic Ultrasound
High-Intensity Focused Ultrasound
Extracorporeal shockwave Lithotripsy
By Device Display
o Color Ultrasound Devices
o Black and White Ultrasound Devices
o Cart-Based Ultrasound Devices
o Handheld Ultrasound Devices
o Radiology/General Imaging
o Emergency Department
o Critical Care
o Other Applications
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Key Developments in the Market:
• In May 2019, Koninklijke Philips N.V. had launched IntraSight interventional applications platform. It is a secure platform which offers a complete suite of clinically proven FFR, IVUS, iFR and co-registration modalities to streamline difficult interventions. It had made the physiology and imaging even quicker and easier. It has touchscreen features with data management. The launch had expanded the offering of the company and made the medical imaging more effective.
• In April 2019, CANON MEDICAL SYSTEMS CORPORATION had launched its new product line for ultrasound products. The new Aplio a-series is an advance and technological upgraded device which can deliverer high performance. These new range of product can support sonographers’ health, have high-end image quality and has wide range of qualitative and quantitative tools. The launch had met the demand of the healthcare providers for the efficient and affordable ultrasound device.
Ultrasound devices market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of ultrasound devices market for U.S., Canada and Mexico.
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Key Market Competitors:
Few of the major market competitors currently working in the North America ultrasound devices market are GENERAL ELECTRIC, Siemens, CANON MEDICAL SYSTEMS CORPORATION, SAMSUNG, Koninklijke Philips N.V., Hitachi, Ltd., FUJIFILM Holdings Corporation, ESAOTE SPA, Shimadzu Corporation, Carestream Health, PENTAX Medical, TOSHIBA CORPORATION and Hologic, Inc. among others.
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
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