Ultrasound Systems Devices And Equipment Global Market To Reach Value Of About $12 Billion In 2025
12 Oct, 2021
The ultrasound devices and equipment market consists of sales of ultrasound devices and equipment and related services. Ultrasound systems are machines used to see internal body structures based on the ultrasound application.
Global Ultrasound Systems Devices And Equipment Market Size And Drivers:
The global ultrasound devices and equipment market is expected to decline from $9.7 billion in 2019 to $7.8 billion in 2020 at a compound annual growth rate (CAGR) of -19.7%. The decline is mainly due to the COVID-19 outbreak and the measures to contain it. The governments across the countries prioritized covid-19 screening and imaging is not routinely used to screen for COVID-19. Also, most of the factories manufacturing diagnostic imaging equipment such as X-ray systems, ultrasound systems, computed tomography (CT) scanners, and MRI systems and/or their components, are currently shutdown in order to keep the staff safe and contain the spread. The market is then expected to recover and grow at a CAGR of 4.8% from 2021 and reach $11.7 billion in 2023. Government and private funding in ultrasonic devices manufacturing companies is driving the growth for the ultrasound systems device and equipment market.
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Trends In The Global Ultrasound Systems Devices And Equipment Market
Safety and effectiveness of ultrasound system devices and equipment is heavily monitored and regulated across the world. In 2018, the Indian Government has decided to thoroughly monitor these devices as they are being imported to India without much registration protocols. In order to ensure the efficiency & safety of ultrasound system devices and prevent the abuse of these devices for sex selection, the Drug Technical Advisory Board (DTAB) has included these devices in medical devices category and will now monitor and regulate import, manufacture, distribution and sale of these devices. An additional permission to be taken from Central Drugs Standard Control Organization (CDSCO) is required by the manufacturers of ultrasound system devices. These stringent regulatory policies may impact the ultrasound system devices and equipment market in India, one of the fastest growing market.
Global Ultrasound Systems Devices And Equipment Market Segments:
The global ultrasound systems devices and equipment market is further segmented –
By Type: Diagnostic Ultrasound Systems, Therapeutic Ultrasound Systems.
By End User: Hospitals, Diagnostic Imaging & Surgical Centers, Ambulatory surgical centers (ASCs), Clinics.
By Type: Cart/Trolley Based, Compact/Handheld Ultrasound Devices.
By Product: A-Mode, B-Mode or 2D Mode, C-Mode, M-Mode, Doppler Mode, Pulse Inversion Mode, Harmonic Mode
By Geography: The global ultrasound systems devices and equipment market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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https://www.thebusinessresearchcompany.com/report/ultrasound-devices-and-equipment-global-market-reportUltrasound Systems Devices And Equipment Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides ultrasound systems devices and equipment market overviews, analyzes and forecasts market size and growth for the global ultrasound systems devices and equipment market, ultrasound systems devices and equipment market share, ultrasound systems devices and equipment market players, ultrasound systems devices and equipment market segments and geographies, ultrasound systems devices and equipment market’s leading competitors’ revenues, profiles and market shares. The ultrasound systems devices and equipment market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.