Ultrasound Equipment Market Report 2021-2028

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The major ultrasound equipment market players studied in this report are GE Healthcare (Chicago, USA), Koninklijke Philips NV (Amsterdam, Netherlands), CANON MEDICAL SYSTEMS CORPORATION (Tokyo, Japan), Hitachi (Tokyo, Japan) ), Siemens Healthcare (Erlangen, Germany). ), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (Shenzhen, China), Samsung Medison Co., Ltd. (Suwon-si, South Korea), Esaote (Genoa, Italy).

Pune, India, September 21, 2021 (GLOBE NEWSWIRE) – According to the report, the ultrasound equipment market size was $ 7.26 billion in 2020. The market is expected to grow from $ 7.80 billion in 2021 to $ 12.93 billion in 2028 at a CAGR of 7.5% during the period 2021-2028. According to our analysts, ultrasound uses high-frequency sound waves to take images of functional structures, which are then interpreted by health experts to identify irregularities in a patient. This equipment is used to analyze many chronic diseases associated with crucial parts of the body such as the blood vessels of the abdomen, heart, joints and others.

Medical ultrasound is also known as ultrasound and is considered to be one of the safe and non-invasive analytical procedures for inspecting internal organs.

COVID-19 pandemic set to hamper sales of ultrasound equipment and other medical devices

The COVID-19 outbreak has had an overall negative effect on the market. The pandemic has caused unrest in the medical device supply chain across the world. Few of the key players operating in the ultrasound market have faced interference in the supply chain, precisely from suppliers from relentlessly affected developing countries like India, China and Brazil, among others. .

On the contrary, the production capacity of some of the actors has been influenced due to the inaccessibility of raw materials or fragments obtained locally.

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The report presents a systematic study of the Ultrasonic Equipment market segments and an in-depth analysis of the market overview. A thoughtful assessment of current market trends as well as future opportunities is offered in the report. Moreover, it presents a comprehensive analysis of regional information and how it contributes to the growth of the market.

The impacts of COVID-19 have been discussed in the report to help investors and business owners better understand the possible threats present in the market. The report further examines the major players and their prominent strategies to remain in the dominant position.

Click here to learn about the short and long term impacts of COVID-19 in this market. Please visit: https://www.fortunebusinessinsights.com/industry-reports/ultrasound-equipment-market-100515

Based on the product, the ultrasound market is separated into tabletop and compact systems. The tabletop segment held the maximum market share in 2020 due to the higher acceptance rate of tabletop equipment in hospitals and clinics as well as its slightly lower cost than compact systems.

In terms of application, the global market is categorized into Radiology, Gynecology, Cardiology, Point of Service, Urology, Surgery, and others.

By end user, the market is divided into hospitals and clinics.
Geographically, the global market is further classified into North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa.

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Introduction of artificial intelligence (AI) to boost the potential of the ultrasound equipment market

Few of the leading market players focus on the development of progressive devices and systems integrated with artificial intelligence (AI). This incorporation is recommended to address and resolve specific restrictions associated with orthodox devices such as a long period of time consumed to conduct the survey, poor image superiority in explicit cases, increased dependence on operators to obtain and infer pictures, etc.

Hence, the presentation of innovative systems with artificial imaging by prominent players is expected to drive the market growth over the next few years.

Regional perspectives

Asia-Pacific held the maximum market share for ultrasound equipment and was worth USD 2.82 billion in 2020. The growth of this region is due to the relentless focus of key companies on expanding new products in the region. .
The North America region held the second highest global market share in 2020 due to increased sales of these gadgets.

Europe is estimated to document a considerable CAGR during the forecast period due to the expanding patient base of the geriatric population going through protracted conditions, coupled with the existence of well-established healthcare bases in countries such as UK, Germany and other leading countries. .

Main key players studied in the report:

  • GE Healthcare (Chicago, United States)

  • Koninklijke Philips NV (Amsterdam, The Netherlands)

  • CANON MEDICAL SYSTEMS CORPORATION (Tokyo, Japan)

  • Hitachi (Tokyo, Japan)

  • Siemens Healthcare (Erlangen, Germany)

  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (Shenzhen, China)

  • Samsung Medison Co., Ltd. (Suwon-si, South Korea)

  • Esaote (Genoa, Italy)

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Global segmentation of ultrasound equipment market:

By product type:

By type of application:

  • Radiology,

  • Gynecology

  • Cardiology

  • Point of service

  • Urology

  • Surgery

  • Others

By end user:

By geography

  • North America (United States and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Scandinavia and rest of Europe)

  • Asia-Pacific (Japan, China, India, Australia, Southeast Asia and the rest of Asia-Pacific)

  • Latin America (Brazil, Mexico and the rest of Latin America)

  • Middle East and Africa (South Africa, GCC and Rest of Middle East and Africa)

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