Based on technology, the 3-D and 4-D ultrasound imaging segment accounted for over 42.8% share of the global ultrasound imaging market in terms of revenue and only 10.9% in terms of installed units in 2014. Moreover, the segment is expected to gain market share and emerge as the fastest growing segment during the forecast period. The produced image is 2-D; hence, visibility of abnormalities is not clear and precise, which reduces demand in imaging various complex abnormalities such as cardiovascular diseases and fetus growth. Moreover, the market for 2-D imaging is expected to expand at the slowest CAGR due to the advent of 3-D and 4-D imaging.
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The radiology segment held a major share of the market in terms of revenue in 2014. It is expected to expand at the fastest CAGR during the forecast period. Introduction of advanced technologies (Doppler ultrasound technology) would drive demand for ultrasound devices in cardiovascular imaging applications.
Europe was the largest market for ultrasound devices in 2014, accounting for around 32.8% share. The region dominated the market by steady increase in ultrasound devices due to high growth of public hospitals. On the other hand, Asia Pacific is expected to gain market share during the forecast period to emerge as the fastest growing market.
GE Healthcare, FUJIFILM Holdings Corporation, Koninklijke Philips N.V., Mindray Medical Corporation, Esaote SpA, and Analogic Corporation are the major players operating in the global ultrasound devices market.
The global ultrasound devices market has been segmented as follows:
Global Ultrasound Devices Market, by Product Type
Cart/Trolley based Ultrasound Devices
Compact Ultrasound Devices
Global Ultrasound Devices Market, by Technology
2-D Ultrasound Imaging
3-D and 4-D Ultrasound Imaging
Doppler Ultrasound Imaging
High Intensity Focused Ultrasound (HIFU)
Lithotripsy Ultrasound Imaging
Global Ultrasound Devices Market, by Application
Radiology
Obstetrics and Gynecology
Cardiovascular
Gastroenterology
Other Applications
Global Ultrasound Devices Market, by Geography
North America
Europe
Asia Pacific
Rest of the World (RoW)
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About Us:
Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
SOURCE Transparency Market Research
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