North America Ultrasound Imaging Devices Market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.8% in the forecast period of 2020 to 2027 and is expected to reach USD 4,295.94 million by 2027.
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North America Ultrasound Imaging Devices Market Scope and Market Size
Ultrasound imaging devices market is segmented on the basis of array format, device display, device portability, technology, application, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
• On the basis of array format, the market is segmented into phased array, linear array, curved linear array and others. Curved linear array is dominating in the market with large number of applications and as these probes can be used for diagnostic imaging from small intercostal spaces across various body parts.
• On the basis of device display, the market is segmented into color ultrasound devices and black and white (B/W) ultrasound devices. Color ultrasound devices are dominating the market as North America is among the fastest adopters of new technology and the majority of new ultrasound devices have color screens to support a range of features.
• On the basis of device portability, the market is segmented into trolley/cart-based ultrasound devices, compact/handheld ultrasound devices, stationary ultrasound devices and point-of-care ultrasound devices. Trolley/cart-based ultrasound devices are dominating the market due to focus of the healthcare industry to provide value based care while reducing the capital cost. Trolley/cart-based ultrasound devices aid in reducing the capital cost as they offer the convenience of moving the device across departments as per requirement.
• On the basis of technology, the market is segmented into diagnostic ultrasound and therapeutic ultrasound. Diagnostic ultrasound is dominating the market as the adoption of therapeutic ultrasound is comparatively low as compared to diagnostic ultrasound which is an age old technique used for imaging of soft tissues. Hence, the adoption of diagnostic imaging devices is higher as compared to therapeutic imaging devices.
• On the basis of application, the market is segmented into radiology/general imaging, obstetrics and gynecology, cardiovascular, gastroenterology, vascular, urological, orthopedic and musculoskeletal, pain management, emergency department, critical care and others. Radiology/general imaging is dominating the market as general imaging is required to find the cause of distress in most conditions where specialized ultrasound is not required. Hence, the market share of general imaging is significantly higher as compared to specialized ultrasound applications.
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Some of the key questions answered in this report:
• How has the North America Ultrasound Imaging Devices Market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the North America Ultrasound Imaging Devices Market?
• What are the key regional markets?
• What is the breakup of the market based on the procedure?
• What is the breakup of the market based on the injury location?
• What is the breakup of the market based on the end user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the North America Ultrasound Imaging Devices Market and who are the key players?
• What is the degree of competition in the industry?
Market Analysis and Insights: North America Ultrasound Imaging Devices Market
• Ultrasound imaging devices can be described as the devices that take images of the inside of the body using the high frequency sound waves. Ultrasound system uses the technique of ultrasonic imaging technique. Ultrasound devices can create real-time images of the body component, which can display the movement of the body. Ultrasound system consists of a transducer and ultrasound detector, or probe. This diagnostic technique is minimally invasive and does not use the ionizing radiation to diagnose or treat the body ailments.
• The ultrasound imaging devices market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
• Ultrasound imaging devices demand has increased as compared to the precise year with increased demand of minimally invasive diagnostic and therapeutic uses of ultrasound imaging devices along with introduction of increased technologically advanced ultrasound devices. In addition demand of ultrasound imaging devices has increased because of government initiatives to increase awareness about importance of early diagnosis. Further high cost of ultrasound devices is expected to restraint the usage of ultrasound imaging devices and is expected to slow down the growth of the ultrasound imaging devices market in the forecasted period.
COVID-19 Impact on Ultrasound Imaging Devices Market
The market response to COVID-19 has been minimal. The decrease in the rate of medical device manufacture has had a negative impact on revenue. The demand for ultrasound equipment fell as the use of imaging systems fell due to a decline in the requirement for emergency treatment. On the other hand, the post-pandemic period is projected to put the market back on track. COVID-19 is a fluid disease that can damage a variety of tissues and organs as it develops. As a result, the impact of the disease at all stages and organs necessitates a functional and versatile imaging technology capable of dynamically detecting particularities or abnormalities. Ultrasonography meets all of these criteria and has various advantages over other imaging modalities, such as portability, affordability, and biosafety. Throughout the COVID-19 epidemic, ultrasonography performed a critical role in triage, monitoring, detecting organ damage, and allowing patients to make tailored therapy decisions. This review focuses on the primary pathogenic outcomes associated with COVID-19-induced ultrasonography alterations in the lungs, heart, and liver.
North America Ultrasound Imaging Devices Market Country Level Analysis
The countries covered in the ultrasound imaging devices market report are the U.S., Canada, and Mexico.
North America Ultrasound Imaging Devices Market Share Analysis
Ultrasound imaging devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breath, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to ultrasound imaging devices market.
Key player North America Ultrasound Imaging Devices Market
The major players covered in the report are GE Healthcare (A SUBSIDIARY OF GENERAL ELECTRIC) ,Hitachi, Ltd., Trivitron Healthcare, Hologic Inc., Siemens Healthcare GmbH, ESAOTE SPA, ALPINION MEDICAL SYSTEMS Co., Ltd, FUJIFILM Corporation (A SUBSIDIARY OF FUJIFILM HOLDINGS CORPORATION), FUKUDA DENSHI, Koninklijke Philips N.V., EDAN Instruments, Inc., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Shimadzu Medical Systems USA Northwest Branch, CANON MEDICAL SYSTEMS CORPORATION (A SUBSIDIARY OF CANON INC.), Mobisante, SonoScape Medical Corp, SAMSUNGHEALTHCARE (A SUBSIDIARY OF SAMSUNG ELECTRONICS CO, LTD.) among other domestic and North America players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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MAJOR TOC OF THE REPORT
• Chapter One: Introduction
• Chapter Two: Market Segmentation
• Chapter Three: Market Overview
• Chapter Four: Executive Summary
• Chapter Five: Premium Insights
• Chapter Six: North America Ultrasound Imaging Devices Market Share by Product & Procedure type
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