SAN FRANCISCO, May 2, 2016 /PRNewswire/ -- The global ultrasound device market is expected to reach USD 11.1 billion by 2024, according to a new report published by Grand View Research, Inc. Major drivers of the sonography market include expanding applications of the technique in therapeutic areas and government recommendations for periodic ultrasound screenings of the breast for breast cancer.
High Intensity Focused Ultrasound (HIFU) is widely used for the treatment of prostate cancer. HIFU has lesser side effects for prostate cancer than the other available treatments. The other use of ultrasound technique for therapeutic purpose includes treatment of kidney stones and gallstones using extracorporeal shockwave lithotripsy (ESWL).
2D, 3D/4D and Doppler ultrasound techniques are widely used in diagnostic imaging. 2D ultrasound segment captured the largest market share owing to the wide use of this technique in brain tumor and fetal screening. Most of the hospitals and healthcare facilities in developing countries offer 2D ultrasound as the device cost is relatively lesser and results in increasing the affordability of ultrasound imaging to patients. Along with 3D, 4D sonography has also become popular in obstetrics areas as it provides real-time movements of the fetus.
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Intensifying competition in the private sector has triggered advancements of the latest medical devices in private hospitals. As a result, demand for handheld imaging devices is swiftly increasing. In addition, the shifting trend to home healthcare and remote patient monitoring is augmenting the adoption of handheld devices. However, the demand for relatively bigger cart/trolley-based devices is escalating with the rising adoption of therapeutic ultrasound, where heavy hardware and large display screens are necessary.
Browse full research report with TOC on "Ultrasound Device Market Analysis By Product Type (Diagnostic Ultrasound Devices (2D, 3D/4D, Doppler), Therapeutic Ultrasound Devices (High-intensity Focused Ultrasound, Extracorporeal Shockwave Lithotripsy)), By Portability (Handheld, Cart/Trolley-based) And Segment Forecasts to 2024" at: http://www.grandviewresearch.com/industry-analysis/ultrasound-device-market
Further key findings from the study suggest:
The diagnostic ultrasound devices segment captured a market share of 35.80% in 2015. The share of the segment was mainly attributed to government recommendations for routine checkups using ultrasound devices.
