The report entitled; “Medical Ultrasound Equipment Market, Trends, Dynamics, and Market Analysis,” recently published by Stratview Research offers a comprehensive outlook of the industry. This report by Type (2D, 3D&4D, Doppler), Application (Radiology/Oncology, Cardiology, Obstetrics & Gynecology, Mammography/Breast, Emergency Medicine, Other), End-Use (Hospital, Clinic, Home Care), and Region - COVID-19 Impact Analysis and Forecast to 2028.
This report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can affect the market dynamics of the industry. It provides a thorough analysis of the market segments which include products, applications, and competitor analysis.
The Medical Ultrasound Equipment Market is projected to grow from USD 7.24 billion in 2021 to USD 10.96 billion by 2028 at a CAGR of around 6.06% during the forecast period.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By End-Use Type
The medical ultrasound equipment market has been bifurcated into hospital, clinic, and home care. The hospital segment accounted for the largest market share in 2021 and is projected to register significant growth during the review period. The segment growth can be attributed to the presence of required infrastructure and skilled staff.
The North American market accounted for the largest market share in 2021 and is projected to grow at a robust CAGR during the review period. This can be attributed to rising healthcare expenditure and early adoption of advanced healthcare technologies in the healthcare industry coupled with the presence of key market players such as General Electric Company (US) and Fujifilm SonoSite (US). The market growth in Asia-Pacific is expected to be driven by the rising number of people suffering from chronic diseases coupled with increasing investment in R&D activities in healthcare.
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Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Medical Ultrasound Equipment Market:
- General Electric Company (US)
- Koninklijke Philips N.V. (Netherlands)
- Siemens AG (Germany)
- Toshiba Corporation (Japan)
- Hitachi Medical Corporation (Japan)
- Mindray Medical International Limited (China)
- Fujifilm SonoSite (US)
- Esaote SpA (Italy)
- Samsung Medison Co., Ltd. (South Korea)
- Konica Minolta, Inc. (Japan)
- SonoScape Medical Corp (China)
- Edan Instruments Inc. (China)
Key questions answered by the report
- What is the projected CAGR for revenue from the market during the forecast period?
- What would the market be valued at by 2028?
- What is a major driving factor for the growth of the market?
- Which region accounted for the largest revenue share in the market?
- Which are the major market players?
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