Stratview Research has published a new report titled Medical Ultrasound Equipment Market which is segmented 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 2026.
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 thorough analysis of the market segments which include products, applications, and competitor analysis.
The Medical Ultrasound Equipment Market is projected to grow from USD 6.1 billion in 2020 to USD 8.1 billion by 2026 at a CAGR of around 7.4% during the forecast period.
The market is bifurcated into various segments. Below given is the segment-wise analysis -
By end-use, the medical ultrasound equipment market has been bifurcated into hospital, clinic, and home care. The hospital segment accounted for the largest market share in 2020 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.
Which Region is expected to remain the largest market?
By region, the North American market accounted for the largest market share in 2020 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.
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, that 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 activen 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 Medical Ultrasound Equipment Market during the forecast period?
- What would be the market be valued at by 2027?
- What is a major driving factor for growth of the market?
- Which region accounted for largest revenue share in the Medical Ultrasound Equipment Market?
- Which are the major market players?
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