3D and 4D imaging sector accounted for over 30% share of the global ultrasound device market in terms of revenue in 2015. Additionally, it is anticipated to gain share and emerge as the fastest growing segment during the forecast period. The resultant image is 2D; hence, visibility of abnormalities is not precise and clear, which reduces demand in imaging fetus growth and cardiovascular diseases. Furthermore, the 2D imaging market is expected to grow at the slowest CAGR due to the arrival of 3D and 4D imaging.
Competition in the private sector for updated and more efficient medical devices has led to greater demand for handheld imaging devices in private hospitals. Moreover, remote patient monitoring and home healthcare is enhancing the implementation of portable equipment. On the other hand, the demand for comparatively bigger trolley based products where large display screens and heavy hardware are required is escalating.
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Europe ultrasound device market share led the global industry at approximately 30%, followed by North America. Chief drivers are growing commercialization, increasing product penetration, expansion in clinical applications, and growing emphasis on minimally invasive procedures (including therapeutic and diagnostic ultrasound).
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Asia Pacific is forecast to be the most attractive regional segment in the coming years, due to substantial modernization and expansion of healthcare infrastructure, and growing number of age-related illnesses. Additional drivers include increasing public consciousness about therapeutic aids offered by the technology and growing focus of global device manufacturing companies on supporting their circulation networks in Asia Pacific.
General Electric Company, Samsung Electronics, Siemens AG, Hitachi Ltd., Toshiba Corporation, Fujifilm Holdings Corporation, Analogic Corporation, Philips, Esaote, and Mindray Medical International were some of the major players in 2015.The top five players together accounted for over 80% of the industry.
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