How Will The Ultrasound Systems Devices And Equipment Market Grow In 2022?
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The ultrasound devices and equipment market is forecasted to achieve high growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 3%, as per The Business Research Company’s market report!
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The Ultrasound Systems Devices And Equipment Market Size In 2022 And Forecast
The global ultrasound devices and equipment market grew from $9 billion in 2021 to $9.69 billion in 2022 at a compound annual growth rate (CAGR) of 7.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The ultrasound systems devices and equipment market is expected to grow to $11.22 billion in 2026 at a CAGR of 3.7%.
The ultrasound devices and equipment market consist of sales of ultrasound devices and equipment and related services.
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Government And Private Funding In Ultrasonic Device Manufacturing Companies Is Driving The Growth Of The Ultrasound Systems Devices And Equipment Market
For example, Chinese ultrasonic companies like Sonoscape, Mindray, and SIUI have benefitted from a 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, this funding would not only encourage innovative devices but boost the market as well.
Competitive Landscape And The Regional Analysis Of The Ultrasound Systems Devices And Equipment Market
Major players in the ultrasound devices and equipment market are GE Healthcare, Siemens Healthineers, Philips Healthcare, Mindray Medical International Ltd, Fujifilm Holdings Corporation, Hitachi Ltd, Toshiba Corporation, Samsung Electronics, and Canon Medical Systems.
Additionally, as per TBRC’s research – Western Europe was the largest region in the ultrasound devices and equipment market in 2021 holding the largest market share.
The Ultrasound Systems Devices And Equipment Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the ultrasound devices and equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the ultrasound devices and equipment market.
Introducing The 3D/4D Ultrasound Devices – A Key Trend In The Ultrasound Systems Devices And Equipment Market
The introduction of the 3D/4D Ultrasound devices is the latest trend that is going to change the landscape of ultrasound devices and the 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.
Ultrasound Systems Devices And Equipment Market Segmentation By The Business Research Company
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 Product: A-Mode, B-Mode or 2D Mode, C-Mode, M-Mode, Doppler Mode, Pulse Inversion Mode, Harmonic Mode
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