Ultrasound Market June 2021 Report On 2021-2030 Global Industry Growth Opportunities, Share Estimation, Strategy, Benefits, Demand, Manufactures Analysis and Regional Forecast

In a recent published report, Kenneth Research has updated the market report for Ultrasound Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Ultrasound Market products.

Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

Global ultrasound market is expected to grow impressively during the forecasted period. The market is dominated by some of the major healthcare companies which includes GE healthcare, Siemens healthcare and Philips healthcare. Market growth is driven by various factors which includes increase in the number of cancer patients which is creating huge demand for ultrasound system market. Rise in the prevalence of CVD and other life style oriented diseases is also driving the ultrasound system market.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

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Ultrasound is widely used to monitor the growth of baby during pregnancy, hence a constant rise in birth rates and awareness amongst the masses creates huge scope for ultrasound system market. Innovations such as advent of 3D and 4D imaging is creating opportunities for the market player. However, the market is restrained by few factors such as reimbursement policies in emerging nations. The high price and unavailability of reimbursements keeps a large group of patients from using ultrasound services.

Market is segmented on the basis of technology, applications and products. Ultrasound system market by technology includes diagnostics ultrasound market and therapeutic ultrasound market. The ultrasound system market which is also segmented on the basis of product includes segmentation on the basis of displays, on the basis of portability. Ultrasound system market is also segmented on the basis of applications which include radiology imaging applications gynaecological, cardio logical, and urological and others.

Europe accounted for highest market share driven by an aging population and high awareness related to life threatening diseases. North America has the second highest market share followed by Asia Pacific and Rest of the world. Asia Pacific market has the highest market growth. Asia Pacific market is expected to grow at a CAGR of 6%. The market includes major companies such as Analogic Corporation, Esaote S.P.A, Fujifilm Holdings Corporation, GE Healthcare, Hitachi Medical Corporation, Mindray Medical International Ltd., and Philips Healthcare, Samsung, Medison Co. Ltd., Siemens Healthcare and other.

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“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Companies profiled includes

1. Analogic Corporation
2. Esaote S.P.A
3. Fujifilm Holdings Corporation
4. GE Healthcare
5. Hitachi Medical Corporation
6. Mindray Medical International Ltd.
7. Philips Healthcare
8. Samsung Medison Co. Ltd.
9. Siemens Healthcare
10. Medtronic Inc
11. Toshiba Medical Systems Corporation
12. Roche Diagnostics Ltd.
13. Philips corporation
14. Stryker corporation
15. Smith and nephew inc
16. Johnson & Johnson
17. Sony
18. Zimmer holdings
19. St. Jude medical Inc
20. Thermo fisher scientific
21. Abiant Inc
22. EKF diagnostics holdings inc
23. Myriad RBM inc
24. Oligomerix inc
25. Opko health inc
26. Osta biotechnologies inc
27. Psynova neurotech ltd
28. Ridge diagnostics
29. Satori pharmaceutical inc
30. Sabiosciences

This Research Report covers

1. Historical data
2. Revenue forecasts, growth rates and CAGR up to 2028
3. Industry Analysis
4. Competitive Analysis
5. Key geographic growth data

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Key Answers Captured in Report?

  • Which geography would have better demand for products/services?
  • What are the strategies adopted by big players in the regional market?
  • Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
  • What is the current & expected market size in the next five years?
  • What is the market feasibility for long term investment?
  • What opportunity the country would offer for existing and new players in the market?
  • What is the risk involved for suppliers in the geography?
  • What factors would drive the demand for the product/service in the near future?
  • What is the impact analysis of various factors in market growth?

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