HOME Top Market Reports Ultrasound Market by Diagnostic Ultrasound (2D, 3D, 4D, Doppler), Therapeutic Ultrasound (HIFU, ESWL), Products (Cart/Trolley-Based, Compact), Applications (OB/GYN, Cardiac Ultrasound, Vascular Ultrasound, Surgical Ultrasound) - Global Forecast to 2019

Ultrasound Market by Diagnostic Ultrasound (2D, 3D, 4D, Doppler), Therapeutic Ultrasound (HIFU, ESWL), Products (Cart/Trolley-Based, Compact), Applications (OB/GYN, Cardiac Ultrasound, Vascular Ultrasound, Surgical Ultrasound) - Global Forecast to 2019

By: marketsandmarkets.com
Publishing Date: November 2014
Report Code: MD 2885

 

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The global ultrasound market is estimated to grow at a CAGR of 5.1% in the forecast period. Development of technologically advanced ultrasound devices, rapid growth in aging population with high risk of target diseases, growing demand for minimally invasive treatment procedures, and increasing public-private investments are key factors fuelling the growth of the ultrasound market. However, technological limitations of ultrasound, dearth of skilled and experienced sonographers, and unfavorable healthcare reforms in the U.S. are some of the factors hampering market growth. Furthermore, stringent regulatory guidelines for the approval of innovative ultrasound technologies and rising pricing pressure are the key challenges faced by market players.

Emerging markets, including China, India, Brazil, and Mexico, are new revenue pockets for companies engaged in the development and marketing of ultrasound devices. Rapidly increasing aging population, growing focus of multinational companies on emerging markets, improving and modernizing healthcare infrastructure, government initiatives to have advanced imaging systems at public healthcare facilities, and rising incidences of cancer cases in this region are the key factors propelling the demand for ultrasound devices in emerging markets.   

As of 2014, General Electric Company (U.S.) held the leadership position in this market. Other key players are Analogic Corporation (U.S.), Esoate S.p.A (Italy), FUJIFILM Holdings Corporation (Japan), Hitachi Ltd. (Japan), Koninklijke Philips N.V. (The Netherlands), Mindray Medical International Limited (China), Samsung Electronics Co. Ltd. (South Korea), Siemens AG (Germany), and Toshiba Corporation (Japan). Companies focus on geographic expansions, new product launches, acquisitions, partnerships, and agreements as key business strategies to strengthen their presence in the market.

Scope of the report

This report categorizes the global ultrasound market into the following segments and subsegments:

By Technology

  • Diagnostic Ultrasound
    • 2D Ultrasound
    • 3D & 4D Ultrasound
    • Doppler Imaging
  • Therapeutic Ultrasound
    • High-intensity Focused Ultrasound (HIFU)
    • Extracorporeal Shockwave Lithotripsy (ESWL)

By Product

  • Global Ultrasound Market, by Type of Display
    • Black & White (B/W) Ultrasound
    • Color Ultrasound
  • Global Ultrasound Market, by Portability
    • Trolley/Cart-based Ultrasound Devices
    • Compact/Handheld Ultrasound Devices

By Application

  • Radiology/General Imaging
  • Obstetrics/Gynecology
  • Cardiology
  • Urology
  • Vascular
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World (RoW)

Table of Contents 
 
1 Introduction (Page No. - 18)
   1.1 Objectives Of The Study
   1.2 Market Definition
   1.3 Market Scope
   1.4 Markets Covered
   1.5 Stakeholders

2 Research Methodology (Page No. - 21)
   2.1 Research Data
         2.1.1 Secondary Data
                   2.1.1.1 Key Data From Secondary Sources 
         2.1.2 Primary Data 
                   2.1.2.1 Key Data From Primary Sources 
                   2.1.2.2 Key Industry Insights 
                   2.1.2.3 Breakdown Of Primaries 
   2.2 Factor Analysis 
         2.2.1 Introduction 
         2.2.2 Demand-Side Analysis 
                   2.2.2.1 Rapid Growth Of Aging Population 
                   2.2.2.2 Incidence And Prevalence Of Cancer 
                   2.2.2.3 Burden Of Cardiovascular Diseases (CVDs) 
                   2.2.2.4 Birth Rate/Pregnancies 
                   2.2.2.5 Healthcare Expenditure Patterns 
                   2.2.2.6 Number Of Hospitals 
         2.2.3 Supply-Side Analysis 
                   2.2.3.1 Number Of New Product Launches: Ultrasound Vs. Competitive Technologies 
                   2.2.3.2 Parent Market Analysis: Diagnostic Imaging Systems Market 
   2.3 Market Size Estimation 
         2.3.1 Bottom-Up Approach 
         2.3.2 Top-Down Approach 
   2.4 Market Breakdown And Data Triangulation 
   2.5 Research Assumptions And Limitations 
         2.5.1 Assumptions 
         2.5.2 Limitations

3 Executive Summary (Page No. - 41)
 
4 Premium Insights (Page No. - 44)
   4.1 Attractive Opportunities
   4.2 Top Four Ultrasound Technology Markets, By Region (2014)
   4.3 Product Market (By Type Of Display): Developed Vs. Developing Nations
   4.4 Global Ultrasound Market, By Application (2014-2019)
   4.5 Ultrasound Technologies Market, By Region (2014)
   4.6 Ultrasound Product Market (By Type Of Display): Developed Vs. Developing Nations, 2014
   4.7 Global Ultrasound Product Market, By Portability (2014-2019)

5 Market Overview (Page No. - 51)

   5.1 Introduction
   5.2 Evolution
   5.3 Market Segmentation
         5.3.1 Ultrasound Market, By Technology 
         5.3.2 Ultrasound Market, By Product
                   5.3.2.1 Ultrasound Market, By Type Of Display 
                   5.3.2.2 Market, By Portability 
         5.3.3 Market, By Application 
   5.4 Market Dynamics
         5.4.1 Drivers
                   5.4.1.1 Technological Advancements To Support New Product Development 
                   5.4.1.2 Rapid Growth In The Aging Population With Higher Risk Of Target Diseases 
                   5.4.1.3 Rising Incidence Of Cardiovascular Diseases And Cancer Cases 
                   5.4.1.4 Increasing Public-Private Investments, Funds, And Grants 
                   5.4.1.5 Growing Demand For Minimally Invasive Treatment Procedures 
         5.4.2 Restraints 
                   5.4.2.1 Technological Limitations
                   5.4.2.2 Dearth Of Skilled And Experienced Sonographers 
                   5.4.2.3 Unfavorable Healthcare Reforms In The U.S. 
         5.4.3 Opportunities 
                   5.4.3.1 Emerging Markets 
                   5.4.3.2 Miniaturization Of Ultrasound Devices 
                   5.4.3.3 Growing Number Of Hospitals And Surgical Centers 
         5.4.4 Challenges 
                   5.4.4.1 Stringent Regulatory Guidelines 
                   5.4.4.2 Rising Price Pressures On Market Players 
   5.5 Winning Imperatives
          5.5.1 Geographical Expansion In Emerging Countries 
          5.5.2 Increasing Number Of Clinical Trials To Enhance The Application Areas Of Ultrasound Devices 
   5.6 Burning Issues 
          5.6.1 PNDT Act Limits Use Of Ultrasound Technology In Developing Nations 
          5.6.2 HIFU Still An Investigational Treatment In The U.S.

6 Industry Trends (Page No. - 69)

   6.1 Introduction
   6.2 Value Chain Analysis
   6.3 Supply Chain Analysis
         6.3.1 Key Stakeholders
         6.3.2 Key Influencers
   6.4 Industry Trends 
         6.4.1 Technological Advancements In Ultrasound Systems To Enhance Image Quality 
         6.4.2 Development Of Application-Specific Ultrasound Devices 
         6.4.3 Emergence Of Point-Of-Care Ultrasound 
         6.4.4 Increasing Popularity Of Compact, Portable, And Hand-Held Ultrasound Devices 
   6.5 Porter’s Five Forces Analysis 
         6.5.1 Threat From New Entrants 
         6.5.2 Threat From Substitutes 
         6.5.3 Bargaining Power Of Suppliers 
         6.5.4 Bargaining Power Of Buyers 
         6.5.5 Intensity Of Competitive Rivalry 
   6.6 Strategic Benchmarking 
         6.6.1 Technological Advancements And Product Enhancements 
         6.6.2 Entry Into Point-Of-Care Ultrasound Market

7 Ultrasound Market, By Technology (Page No. - 82)

   7.1 Introduction
   7.2 Diagnostic Ultrasound 
         7.2.1 2d Ultrasound 
         7.2.2 3d & 4d Ultrasound 
         7.2.3 Doppler Imaging 
   7.3 Therapeutic Ultrasound 
         7.3.1 High-Intensity Focused Ultrasound (HIFU) 
         7.3.2 Extracorporeal Shockwave Lithotripsy (ESWL)

8 Global Ultrasound Market, By Product (Page No. - 94)

   8.1 Introduction
   8.2 Global Ultrasound Market, By Type Of Display
         8.2.1 Introduction
         8.2.2 Black & White (B/W) Ultrasound Devices 
         8.2.3 Color Ultrasound Devices 
   8.3 Global Ultrasound Market, By Portability 
         8.3.1 Introduction 
         8.3.2 Trolley/Cart-Based Ultrasound Devices 
         8.3.3 Compact/Hand-Held Ultrasound Devices 
                  8.3.3.1 Point-Of-Care (POC) Ultrasound

9 Global Ultrasound Market, By Application (Page No. - 107)

    9.1 Introduction
    9.2 Radiology/General Imaging Applications
    9.3 Obstetric/Gynecological Applications
    9.4 Cardiological Applications
    9.5 Urological Applications
    9.6 Vascular Applications
    9.7 Other Applications

10 Ultrasound Market, By Region (Page No. - 123)

     10.1 Introduction
             10.1.1 North America
                         10.1.1.1 U.S. 
                         10.1.1.2 Canada 
             10.1.2 Europe 
                         10.1.2.1 Germany 
                         10.1.2.2 U.K. 
                         10.1.2.3 France 
                         10.1.2.4 Rest Of Europe 
             10.1.3 Asia-Pacific 
                         10.1.3.1 Japan 
                         10.1.3.2 China 
                         10.1.3.3 India 
                         10.1.3.4 Rest Of Asia-Pacific 
             10.1.4 Rest Of The World (RoW) 
                         10.1.4.1 Latin America 
                         10.1.4.2 Middle East 
                         10.1.4.3 Africa

11 Competitive Landscape (Page No. - 163)

     11.1 Overview
     11.2 Market Share Analysis
     11.3 Competitive Situation And Trends
              11.3.1 New Product Launches And Product Enhancements 
              11.3.2 Agreements, Partnerships, And Collaborations 
              11.3.3 Mergers And Acquisitions 
              11.3.4 Geographical Expansions 
              11.3.5 Other Developments

12 Company Profiles (Page No. - 174)

     12.1 Introduction
     12.2 Analogic Corporation
     12.3 Esaote S.P.A
     12.4 Fujifilm Holdings Corporation
     12.5 Ge Healthcare (A Division Of General Electric Company)
     12.6 Hitachi Medical Corporation (A Wholly Owned Subsidiary Of Hitachi Ltd.)
     12.7 Mindray Medical International Ltd.
     12.8 Philips Healthcare (A Division Of Koninklijke Philips N.V.)
     12.9 Samsung Medison Co. Ltd. (An Affiliate Of Samsung Electronics Co. Ltd.)
     12.10 Siemens Healthcare (A Subsidiary Of Siemens AG)
     12.11 Toshiba Medical Systems Corporation (A Subsidiary Of Toshiba Corporation)
*Details On Financials, Products & Services, Key Strategy, & Recent Developments Might Not Be Captured In Case Of Unlisted Companies. 
 
13 Appendix (Page No. - 218)
     13.1 Insights Of Industry Experts
     13.2 Discussion Guide
     13.3 Introducing Rt: Real-Time Market Intelligence
     13.4 Available Customizations
     13.5 Related Reports 

List of Tables  (102 Tables)

Table 1 Ultrasound Market Size, By Technology, 2012-2019 ($Million)
Table 2 Diagnostic Ultrasound Market Size, By Technology, 2012-2019 ($Million)
Table 3 Diagnostic Ultrasound Market Size, By Region, 2012-2019 ($Million)
Table 4 Demand For 3d & 4d Ultrasound Techniques To Hamper The 2d Ultrasound Market
Table 5 2d Ultrasound Market Size, By Region, 2012-2019 ($Million)
Table 6 Technological Advancements To Propel Market For 3d & 4d Ultrasound
Table 7 3d & 4d Ultrasound Market Size, By Region, 2012-2019 ($Million)
Table 8 Key Players Focusing On Development Of Advanced Doppler Imaging Systems
Table 9 Doppler Imaging Market Size, By Region, 2012-2019 ($Million)
Table 10 Therapeutic Ultrasound Market Size, By Technology, 2012-2019 ($Million) 
Table 11 Therapeutic Ultrasound Market Size, By Region, 2012-2019 ($Million)
Table 12 Technological Advancements And Government Funding Boost Market Growth
Table 13 High-Intensity Focused Ultrasound Market Size, By Region, 2012-2019 ($Million) 
Table 14 Increasing Incidence Of Kidney Stones To Stimulate Demand For ESWL Procedures
Table 15 Extracorporeal Shockwave Lithotripsy Market Size , By Region, 2012-2019 ($Million) 
Table 16 Ultrasound Market Size, By Type Of Display, 2012-2019 ($Million)
Table 17 Market Volume (Type Of Display), By Region, 2012-2019 (Units) 
Table 18 Replacement By Color Ultrasound Has Hampered The Market For Black & White Ultrasound
Table 19 Black And White Ultrasound Devices Market Size, By Region, 2012-2019 ($Million) 
Table 20 Black & White Ultrasound Devices Market Volume, By Region, 2012-2019 (Units) 
Table 21 Increasing Demand For Color Ultrasound To Drive The Market Globally
Table 22 Color Ultrasound Devices Market Size, By Region, 2012-2019 ($Million)
Table 23 Color Ultrasound Devices Market Volume, By Region, 2012-2019 (Units)
Table 24 Ultrasound Device Market Size, By Portability, 2012-2019 ($Million)
Table 25 Ultrasound Device Market Volume (Portability), By Region, 2012-2019 (Units) 
Table 26 Shift Towards Compact & Hand-Held Ultrasound Devices Will Negatively Affect Market For Trolley/Cart-Based Devices
Table 27 Trolley/Cart-Based Ultrasound Devices Market Size, By Region, 2012-2019 ($Million) 
Table 28 Trolley/Cart-Based Ultrasound Devices Market Volume, By Region, 2012-2019 (Units)
Table 29 Higher Benefits To Boost The Market For Compact/Hand-Held Ultrasound Devices
Table 30 Growing Market Focus On Point-Of-Care Ultrasound Will Sustain Its High Growth Trajectory In Forecast Period
Table 31 Compact/Hand-Held Ultrasound Devices Market Size, By Region, 2012-2019 ($Million) 
Table 32 Compact/Hand-Held Ultrasound Devices Market Volume, By Region, 2012-2019 (Units) 
Table 33 Market Size, By Application, 2012-2019 ($Million)
Table 34 Rising Prevalence Of Cancer Is Augmenting The Market Growth Of Ultrasound For Radiological Applications
Table 35 Market Size For Radiology/General Imaging Applications, By Region, 2012-2019 ($Million)
Table 36 High Success Rate And Minimally Invasive Nature Of Ultrasound Propelling Market Growth In Ob/Gyn Applications
Table 37 Market Size For Ob/Gyn Applications, By Region, 2012-2019 ($Million) 
Table 38 Prevalence Of Cardiac Diseases Is Driving Growth Of Market For Cardiological Applications
Table 39 Ultrasound Market Size For Cardiology Applications, By Region, 2012-2019 ($Million) 
Table 40 Rising Incidence Of Urological Disorders Fuelling Growth Of Ultrasound In Urology
Table 41 Ultrasound Market Size For Urology Applications, By Region, 2012-2019 ($Million) 
Table 42 Technological Developments In 3d/4d Ultrasound Is Driving Growth Of Ultrasound Market For Vascular Applications
Table 43 Ultrasound Market Size For Vascular Applications, By Region, 2012-2019 ($Million) 
Table 44 Technological Advancement Is Driving The Market For Breast Ultrasound
Table 45 Market Size For Other Applications, By Region, 2012-2019 ($Million) 
Table 46 Market Size, By Region, 2012-2019 ($Million)
Table 47 North America: Market Size, By Technology, 2012-2019 ($Million) 
Table 48 North America: Diagnostic Ultrasound Market Size, By Technology, 2012-2019 ($Million) 
Table 49 North America: Therapeutic Ultrasound Market Size, By Technology, 2012-2019 ($Million)
Table 50 North America: Market Size, By Type Of Display, 2012-2019 ($Million) 
Table 51 North America: Market Volume, By Type Of Display, 2012-2019 (Units) 
Table 52 North America: Market Size For Type Of Display, By Country, 2012-2019 ($Million) 
Table 53 North America: Market Size For Color Ultrasound, By Country, 2012-2019 ($Million) 
Table 54 North America: Market Size For B/W Ultrasound, By Country, 2012-2019 ($Million) 
Table 55 North America: Market Size, By Portability, 2012-2019 ($Million) 
Table 56 North America: Market Volume, By Portability, 2012-2019 (Units) 
Table 57 North America: Market Size, By Application, 2012-2019 ($Million) 
Table 58 U.S. Market Size, By Type Of Display, 2012-2019 ($Million)
Table 59 Canada Market Size, By Type Of Display, 2012-2019 ($Million) 
Table 60 Europe: Market Size, By Technology, 2012-2019 ($Million)
Table 61 Europe: Diagnostic Ultrasound Market Size, By Technology, 2012-2019 ($Million) 
Table 62 Europe: Therapeutic Ultrasound Market Size, By Technology, 2012-2019 ($Million) 
Table 63 Europe: Market Size, By Type Of Display, 2012-2019 ($Million) 
Table 64 Europe: Market Volume, By Type Of Display, 2012-2019 (Units) 
Table 65 Europe: Market Size For Type Of Display, By Country, 2012-2019 ($Million) 
Table 66 Europe: Market Size For Color Ultrasound, By Country, 2012-2019 ($Million) 
Table 67 Europe: Market Size For B/W Ultrasound, By Country, 2012-2019 ($Million) 
Table 68 Europe: Market Size, By Portability, 2012-2019 ($Million)
Table 69 Europe: Market Volume, By Portability, 2012-2019 (Units)
Table 70 Europe: Market Size, By Application, 2012-2019 ($Million)
Table 71 Germany: Market Size, By Type Of Display, 2012-2019 ($Million) 
Table 72 U.K.: Market Size, By Type Of Display, 2012-2019 ($Million)
Table 73 France: Market Size, By Type Of Display, 2012-2019 ($Million) 
Table 74 Rest Of Europe: Market Size, By Type Of Display, 2012-2019 ($Million) 
Table 75 Asia-Pacific: Market Size, By Technology, 2012-2019 ($Million) 
Table 76 Asia-Pacific: Diagnostic Ultrasound Market Size, By Technology, 2012-2019 ($Million) 
Table 77 Asia-Pacific: Therapeutic Ultrasound Market Size, By Technology, 2012-2019 ($Million) 
Table 78 Asia-Pacific: Market Size, By Type Of Display, 2012-2019 ($Million) 
Table 79 Asia-Pacific: Market Volume, By Type Of Display, 2012-2019 (Units) 
Table 80 Asia-Pacific: Market Size For Type Of Display, By Country, 2012-2019 ($Million)
Table 81 Asia-Pacific: Market Size For Color Ultrasound, By Country, 2012-2019 ($Million) 
Table 82 Asia-Pacific: Market Size For B/W Ultrasound, By Country, 2012-2019 ($Million) 
Table 83 Asia-Pacific: Market Size, By Portability, 2012-2019 ($Million) 
Table 84 Asia-Pacific: Market Volume, By Portability, 2012-2019 (Units) 
Table 85 Asia-Pacific: Market Size, By Application, 2012-2019 ($Million) 
Table 86 Japan: Market Size, By Type Of Display, 2012-2019 ($Million)
Table 87 China: Market Size, By Type Of Display, 2012-2019 ($Million)
Table 88 India: Market Size, By Type Of Display, 2012-2019 ($Million)
Table 89 Rest Of Asia-Pacific: Market Size, By Type Of Display, 2012-2019 ($Million) 
Table 90 RoW: Market Size, By Technology, 2012-2019 ($Million)
Table 91 RoW: Diagnostic Ultrasound Market Size, By Technology, 2012-2019 ($Million) 
Table 92 RoW: Therapeutic Ultrasound Market Size, By Technology, 2012-2019 ($Million) 
Table 93 RoW: Market Size, By Type Of Display, 2012-2019 ($Million)
Table 94 RoW: Market Volume, By Type Of Display, 2012-2019 (Units)
Table 95 RoW: Market Size, By Portability, 2012-2019 ($Million)
Table 96 RoW: Market Volume, By Portability, 2012-2019 (Units)
Table 97 RoW: Market Size, By Application, 2012-2019 ($Million)
Table 98 Top 5 New Product Launches And Product Enhancements, 2012–2014
Table 99 Top 5 Agreements, Partnerships, And Collaborations, 2012–2014
Table 100 Top 5 Mergers And Acquisitions, 2012–2014
Table 101 Top 5 Geographical Expansions, 2012–2014
Table 102 Top 5 Other Developments, 2012–2014
  
List of Figures (86Figures)
 
Figure 1 Research Design
Figure 2 Increase In Aging Population, By Country (2005 Vs. 2010)
Figure 3 Percentage Increase In Aging Population, By Region (1980–2010 Vs. 2010–2040)
Figure 4 Incidence Of Cancer, By Region 2008 Vs. 2012
Figure 5 Number Of New Cancer Cases, By Country (2012 Vs. 2020)
Figure 6 Prevalence Of Cancer For The Next 3 And 5 Years, By Country
Figure 7 Increasing Incidence Of Various Cancers, By Site, 2008–2020
Figure 8 Cardiovascular Diseases Burden, By Region – From 2005 To 2030
Figure 9 Birth Rate, By Developed And Developing Nations, 2011
Figure 10 Healthcare Expenditure Across Developed And Developing Nations – 2000 Vs. 2012
Figure 11 Healthcare Spending Matrix, By Country (2012)
Figure 12 Healthcare Infrastructure: Number Of Hospitals, By Country, 2010
Figure 13 Number Of New Product Launches: Ultrasound Vs Competitive Modalities, 2008–2013
Figure 14 Growth And Market Share: Ultrasound Vs. Competitive Modalities
Figure 15 Bottom-Up Approach
Figure 16 Top-Down Approach
Figure 17 Assumptions Of The Research Study
Figure 18 Limitations Of The Research Study
Figure 19 Market Segmentation, By Technology, 2014 Vs. 2019
Figure 20 Ultrasound Market, By Region, 2014
Figure 21 Market Growth Will Be Driven By Prevalence Of Cancer, Cardiac Diseases
Figure 22 Europe Commanded Largest Share Of Therapeutic Ultrasound Technologies Market In 2014
Figure 23 Developing Markets To Grow Twice As Fast As Developed Ones
Figure 24 More Than 80% Of The Total Market Will Come From Top Three Application Segments In 2019
Figure 25 2d Segment Dominates Global Ultrasound Market In 2014
Figure 26 Matured Markets Hold Larger Share Of Ultrasound Products
Figure 27 Compact Ultrasound Systems Are Expected To Grow Three Times Faster Than Cart-Based In Europe During The Forecast Period
Figure 28 Evolution
Figure 29 Ultrasound Market, By Technology
Figure 30 Ultrasound Market, By Type Of Display
Figure 31 Ultrasound Market, By Portability
Figure 32 Ultrasound Market, By Application
Figure 33 Technological Advancements To Spur Demand For Ultrasound Devices
Figure 34 Increasing Incidence Of Prostate Cancer In Aging Population
Figure 35 Technological Advancements To Accelerate Market Growth
Figure 36 Nih Funding For Focused Ultrasound Projects
Figure 37 Technological Limitations & Dearth Of Trained Sonographers To Restrict Market Growth
Figure 38 Emerging Markets Paving Newer Growth Avenues For Market Players
Figure 39 Stringent Regulatory Guidelines Restraint Market Growth
Figure 40 Value Chain Analysis (2013): Major Value Is Added During Manufacturing Phase
Figure 41 Ultrasound Market: Supply Chain
Figure 42 Ultrasound Devices Industry Focusing On Technological Advancements To Develop Application-Specific And Portable Systems
Figure 43 Few Ultrasound Devices Research Under Clinical Trials In The U.S. And Europe
Figure 44 Porter’s Five Forces Analysis (2013): Presence Of Large Number Of Manufacturing Firms Increases Competition
Figure 45 Strategic Benchmarking: Major Companies Largely Adopted Inorganic Growth Strategies For Technological Advancement & Product Enhancement
Figure 46 Strategic Benchmarking: Siemens Healthcare Adopted Aggressive Strategies To Enter Point-Of-Care Ultrasound Market
Figure 47 Ultrasound Technologies For Therapeutic Applications To Show High Growth In Forecast Period
Figure 48 Technological Advancements Will Help Gain Higher Market Share For 3d & 4d Ultrasound
Figure 49 HIFU Segment To Grow At Higher CAGR In The Forecast Period
Figure 50 Aging Population Driving Growth Of The HIFU Market
Figure 51 Global Ultrasound Market, By Type Of Display, 2014 Vs. 2019
Figure 52 Compact Ultrasound Devices Is The Fastest-Growing Segment In The Ultrasound Industry
Figure 53 Trolley/Cart-Based Ultrasound Device Architecture
Figure 54 Compact/Hand-Held Ultrasound Device Architecture
Figure 55 Market Segmentation, By Applications
Figure 56 Radiology/General Imaging Application To Account For ~40% Of The Ultrasound Market In 2014
Figure 57 Global Incidence Of Cancers, By Type
Figure 58 HIFU And Conventional Treatment For Uterine Fibroids - A Comparative Study
Figure 59 Rise In Proportion Of Geriatric Population Anticipated To Be Highest In China During 2010–2040
Figure 60 Prevalence Of Prostate Cancer Elevating Revenue From HIFU Devices
Figure 61 Rise In Number Of Stroke Patients Is Assisting Growth Of Vascular Ultrasound Applications
Figure 62 Rising Incidence Of Breast Cancer To Sustain Upward Growth Of Ultrasound Market
Figure 63 Geographic Snapshot (2014): Asia-Pacific Region Is The Current Hotspot For The Market
Figure 64 North America Market Snapshot (2014): High Incidence Of Cancer Is Driving The Market Growth
Figure 65 Increasing Cases Of Prostate Cancer Driving Market Growth Of Ultrasound In North America
Figure 66 High Prevalence Of Target Diseases Driving Growth Of The U.S. Ultrasound Market
Figure 67 Europe Market Snapshot (2014): High Prevalence Of Lifestyle Diseases Propelling Market Demand
Figure 68 Rising Incidence Of Cancer In France Is Propelling The Use Of Ultrasound In Diagnostics
Figure 69 High Burden Of Lifestyle Diseases Leading To Faster Adoption Of Ultrasound Devices In The U.K.
Figure 70 Asia-Pacific Market Snapshot (2014): Rapidly Aging Population Is Fostering Market Growth
Figure 71 Rising Incidence Of Lung And Stomach Cancer Is Propelling The Use Of Ultrasound Procedures In APAC
Figure 72 Rising Prevalence Of Chronic Diseases Is Stimulating The Growth Of Ultrasound Market In China
Figure 73 Leading Market Players Adopted The Strategy Of New Product Launches And Product Enhancements During The Forecast Period
Figure 74 Global Ultrasound Market Share Analysis, By Key Player, 2013
Figure 75 Increasing Number Of Innovative Ultrasound Products Is Stimulating Market Growth
Figure 76 Geographic Revenue Mix Of Top Five Players
Figure 77 Comparison Of R&D Expenditures Of The Top Five Market Players
Figure 78 Analogic Corporation: Company Snapshot
Figure 79 Fujifilm Holdings Corporation: Company Snapshot
Figure 80 General Electric Company: Company Snapshot
Figure 81 Hitachi Ltd.: Company Snapshot
Figure 82 Mindray Medical International Ltd.: Company Snapshot
Figure 83 Koninklijke Philips N.V.: Company Snapshot
Figure 84 Samsung Electronics Co. Ltd.: Company Snapshot
Figure 85 Siemens AG: Company Snapshot
Figure 86 Toshiba Corporation: Company Snapshot 

On the basis of technology, the ultrasound market is classified into two major segments, namely, diagnostic and therapeutic ultrasound. The diagnostic ultrasound segment is further divided into 2D, 3D & 4D ultrasound, and Doppler imaging. The therapeutic ultrasound segment is further categorized into high-intensity focused ultrasound (HIFU) and extracorporeal shockwave lithotripsy (ESWL). The diagnostic ultrasound segment is expected to account for the largest share of the global ultrasound market in 2014. Factors such as technological advancements and new product launches and increasing application in diagnosis and imaging of medical conditions (such as cancer, cardiovascular diseases, urological disorders, gynecological diseases, and obstetrics) are the key factors contributing to the high growth rate of the global diagnostic ultrasound market.

On the basis of products, the ultrasound market is categorized on the basis of type of display and portability. Based on type of display, the market is classified into two major segments, namely, color and black & white (B/W) ultrasound. The color ultrasonic segment is expected to account for the largest share of the market in 2014. Based on portability, the market is further divided into two major segments, namely, trolley/cart-based and compact/handheld ultrasound devices. The trolley/cart-based ultrasound devices segment is expected to account for the largest share of the market in 2014. The compact/handheld ultrasound devices segment is expected to grow at the highest CAGR in the next five years, owing to the development and launch of potable point-of-care ultrasound devices with advanced features and increasing benefits, and demand of compact devices.

On the basis of type of application, the ultrasound market is divided into seven major segments, namely, radiology/general imaging; urology; obstetrics/gynecology; vascular; cardiology; and others (hepatology, surgery, and breast). The radiology/general imaging segment is estimated to account for the largest share of the market in 2014. The cardiology ultrasound segment is expected to grow at the highest CAGR in the next five years, owing to rising incidences of cardiac diseases, technological advancements in the field of cardiac ultrasound, and rapidly growing geriatric population globally.

The global market is estimated to grow at a CAGR of 5.1% from 2014 to 2019.

A number of factors such as development of technologically advanced ultrasound devices; rapid growth in aging population with high risk of target diseases; rising incidences of cardiovascular diseases and cancer cases; growing demand for minimally invasive treatment procedures; and increasing public-private investments are propelling the growth of the market. However, technological limitations of ultrasonic, dearth of skilled and experienced sonographers, and unfavorable healthcare reforms in the U.S. are some major factors restraining the growth of this market. In addition to this, the stringent regulatory guidelines for the approval of systems and rising pricing pressures are the key challenges faced by market players in the market.  

On the basis of geography, this market is classified into four regions, namely, North America, Europe, Asia-Pacific, and Rest of the World. In 2014, the global ultrasound market is expected to be dominated by Europe. Continuous technological advancements and product launches, increasing number of clinical applications of HIFU, growing company initiatives to expand their business in European market, increasing incidence of chronic diseases such as cancer and CVD, increasing prevalence of obesity, and increasing funding and investment by key players are driving the growth of the market in the European region. The Asia-Pacific market is expected to grow at the highest CAGR from 2014 to 2019 due to factors such as rapidly increasing aging population, growing focus of multinational companies on emerging markets, improving and modernizing healthcare infrastructure, government initiatives to have advanced imaging systems at public healthcare facilities, and growing incidences of cancer cases in this region.

Agreements, partnerships/joint ventures, and new product launches are the key strategies adopted by the major players to strengthen their position in the global market. Moreover, strategies such as expansions and strategic acquisitions were also adopted by a significant number of market players to strengthen their product portfolio and expand their geographic presence in the ultrasound market.

Analogic Corporation (U.S.), Esaote S.p.A (Italy), FUJIFILM Holdings Corporation (Japan),  General Electric Company (GE) (U.S.), Hitachi Ltd. (Japan), Koninklijke Philips N.V. (The Netherlands), Mindray Medical International Limited (China), Samsung Electronics Co. Ltd. (South Korea), Siemens AG (Germany), and Toshiba Corporation (Japan) are the key players operating in the global ultrasound market.

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