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  • 20 June 2019 21:43

At 3.3% CAGR, Consistent Revenue Growth Projected for Global Diagnostic Ultrasound Devices Market

Diagnostic ultrasound is also called Medical ultrasound or ultrasonography. It is a non-invasive diagnostic technique that is used to image inside the body such as, muscles, tendons, joints, internal organs, and blood vessels.

Ultrasound used to describe the sound of frequencies above 20, 000 Hertz or Hz, which is beyond the range of human hearing frequency. In addition, the frequencies between 1–30 megahertz or MHz are for diagnostic ultrasound. The process of diagnostic ultrasound imaging largely be determined by the computerized analysis, which non-invasively in nature and develops fine images of internal body structures. There are different ranges of frequency that are used for inspection different parts of the human body, such as between 3–5 MHz used for abdominal areas, between 5–10 MHz used for small and superficial parts, and within 10–30 MHz used for the skin or the eyes.

Why Ultrasound is done:

1. In order to view the ovaries and uterus at the time of pregnancy as well as to monitor the overall developing baby’s health
2. For diagnosis of gallbladder disease
3. Evaluating blood flow
4. To guide a needle at the time of tumour or biopsy treatment
5. Examine or inspected a breast lump
6. Check thyroid gland
7. For assessing joint inflammation
8. Evaluate metabolic bone disease

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There are four types of diagnostic ultrasound devices available in the market namely; 2D, 3D & 4D and Doppler. The demand for doppler diagnostic ultrasound devices is comparatively high as compared to other types. This is primarily due to; it helps in eliminating the necessity for injecting patients with contrasting dye and hence resulting in higher adoption for many applications including X-ray angiography. In addition, it is widely used for estimating blood pressure and flow in the body.

By application, the market is divided into radiology/oncology, cardiology, obstetrics & gynecology, mammography/breast, emergency medicine and vascular. Among the applications, the diagnostic ultrasound devices are widely used to carry out various cardiology studies couple with increasing incidences of cardiovascular diseases globally.

Based on regions, the market has been further segmented across North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these regions, the adoption rate of diagnostic ultrasound devices is dominating in countries of the North America region. This is due to, developed medical infrastructure and facilities and increasing prevalence of chronic diseases. In addition, the demand for diagnostic ultrasound devices in countries in the Asia Pacific region is expected to grow at a higher pace, owing to growing awareness among people and rising patient preference for minimally invasive procedures.

The worldwide market for diagnostic ultrasound devices is expected to grow at a moderate CAGR of around 3.3% over the forecast period (2019-2028) and will be valued at US$ 5,602.4 Mn in 2018.

Some of the key players profiled in the global diagnostic ultrasound devices market report include Philips, Siemens, LANDWIND MEDICAL, General Electric (GE), TOSHIBA, SonoScape Mindray, Hitachi Medical Sonosite (FUJIFILM), Esaote, Konica Minolta, Samsung Medison, CHISON and EDAN Instruments, and SIUI.

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