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Global Ultrasound Market is projected to exhibit a CAGR of 5% between 2018 and 2023

Author: QYResearch | Publish date: 2018-08-18 | Views: 34
Overall growth in medical imaging will also continue due to growing populations of elderly people worldwide, accompanied by a concurrent rise in chronic disease rates. Main restraints in the ultrasound market include the slow economy in many countries, reimbursement restrictions and intense competition from MRI and CT. In the next few years there will be many uncertainties, and coupled with Ultrasound industry in short supply on the market in the past few years, more and more companies enter into Ultrasound industry. The top 3 companies in the industry are GE, Siemens and Philips, occupying 50.51% of the market share.

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The global Ultrasound market is valued at 13,255 million US$ in 2017 and is expected to reach 17,695 million US$ by the end of 2023, growing at a CAGR of 4.93% between 2017 and 2023. By regions, Asia-Pacific was the largest consumption area with the value of 3,796 million USD in 2017.


Ultrasound product demand market there is also a certain space, but basically showing the scarcity of high-end products, low-end products, excess capacity, there is a large market demand for high-end products to seize market share of imports acts, local enterprises export more low-end products overcapacity or molding process basic Materials.


Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area; the future will still have more new investment enter the field.

 

Top Trends in the Ultrasound Market

3D and 4D Ultrasound

Compared to the old generation of 2D ultrasound devices, 3D technology has added a dimension of depth, and 4D a dimension of depth and time. 3D and 4D ultrasound devices are becoming increasingly popular in Eastern Europe, especially in cardiology and ob/gyn ultrasound. The market for 3D and 4D is however not yet saturated there, mainly due to financial constraints. In other regions, such as Scandinavia, the reason for low market penetration of 3D/4D ultrasound is lack of acceptance among doctors. Research shows that doctors in Scandinavia do not consider 3D/4D ultrasound to provide more clinical value during diagnosis and are therefore quite reluctant. Convertors of images in older generation ultrasound units were based on hardware, which was built in the ultrasound device. The new generation uses external computers, which perform the scan conversion. This has resulted in an increase of calculation power of ultrasound devices and has led to major improvements in quality.


Integration with PACs Systems

Healthcare facilities can obtain either a PACS system designed exclusively for ultrasound, or a multi-modality PACS system with a special module for ultrasound imaging. Research shows that the latter option is much more popular among end users. Interoperability with PACS systems is considered to be an increasingly important feature of ultrasound devices. Furthermore, ultrasound manufacturers are increasingly interested in expanding into healthcare informatics. For example, in August 2010, Philips acquired CDP Medical, an Israelibased developer of PACS systems, a subsidiary of medical device distributor Medtechnica.


Re-Construction of Transducers

Silicon transducers have been recently introduced to the market as a viable substitute to the traditional piezoelectric ones. Silicon transducers are known as capacitive micromachined ultrasonic transducers (CMUT). They offer higher quality of image, high frequency, wide bandwidth, high sensitivity, ease of fabricating large arrays, low cost and potential for integration with electronics. An emerging trend, manufacturers are already working to deliver such transducers to the market.


Automation of Ultrasound Scans

Advances in ultrasound technology have led to a trend for automation in ultrasound procedures. Automation minimises human intervention in the procedure, as the system is software-controlled. Automated ultrasound is gaining popularity in breast scans. Such systems integrate an automated transducer arm (instead a handheld probe) with a display workstation. With increasing awareness of breast health and multiple social campaigns promoting early detection of breast cancer, the demand for automated ultrasound is expected to increasine, especially as this technology is considered to be adjunct to mammography. The first automated system for breast ultrasound was developed by U-Systems. Later, Siemens developed ACUSON S2000™ Automated Breast Volume Scanner.


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https://www.qyresearch.com/index/detail/564100/global-ultrasound-sales-market




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