Published Date : 05 Nov 19 | Views: 168 | Industry : Life Science
Adoption of 3D and 4D Ultrasound Stays Low in Some
Regions
Based on end
user, the global ultrasound market is segmented into home care, clinic, and
hospital. Need to cut down hospitalization cost and the shift toward remote
patient monitoring and home healthcare are predicted to boost the demand for
handheld ultrasound systems. On the basis of product type, the global
ultrasound market is segmented into Doppler, 3D and 4D, and 2D ultrasound. Lack
of acceptance among healthcare professionals could lead to low market
penetration of 3D and 4D ultrasound devices in Scandinavia.
Continuing Research on Ultrasound Expected to Support
Growth of Europe Market
In Eastern
Europe, the popularity of 3D and 4D ultrasound machines may increase in the
coming years. However, financial constraints are anticipated to limit the
saturation of the 3D and 4D ultrasound market in the region. Nevertheless, factors
such as ongoing clinical research on ultrasound could help Europe to gain
growth in future. In Mexico, product prices may not be high due to low
availability of high-end ultrasound devices. The Mexican ultrasound market is
expected to offer low competitive advantage due to high import tariffs.
Players Anticipated to Enter into Distribution and Acquisition
Agreements
Leading companies
competing in the global ultrasound market are GE, Mindray, Philips, VisualSonics
(Fujifilm SonoSite), Siemens, Carestream, Boston Scientific, and Toshiba. In
order to improve their sales growth in the global ultrasound market, companies
are expected to form distribution partnerships in future. They could also acquire
other market participants or a part of their ultrasound business and expand
existing partnerships to increase their market growth and enhance
functionalities of their ultrasound systems. New product launch could be
another strategy adopted by players operating in the global ultrasound market.
High Incidence of Target Diseases Likely to Increase Demand
Increase in the number of research projects, healthy government funding, strong private investments, and technological development in the ultrasound field are some of the chief factors predicted to improve the global market growth. High prevalence of target diseases such as cancer and important application in tissue biopsy could further increase the requirement for ultrasound systems. However, tight government regulations and lack of professional sonographers in some countries are anticipated to hinder the advancement of the global ultrasound market.
For more
information, please click: https://www.qyrconsulting.com/reports/ultrasound-market