Diagnostic Ultrasound Market forecast to witness more than 3% CAGR from 2017 to 2024

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Diagnostic Ultrasound Market share to grow at 3
CAGR from 2017 to 2024 Global Market Insights
Inc.
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Key Insights from Diagnostic Ultrasound Market

• Global Market Insights, Inc. says, Diagnostic
  Ultrasound Market size is set to exceed USD 7
  billion by 2024.
• Growing geriatric population base along with
  increasing chronic disease incidence rates will
  drive diagnostic ultrasound market growth over
  the forecast period
• Higher susceptibility of the elderly towards
  certain orthopedic ailments and chronic diseases
  will boost ultrasound demand as the technology
  facilitates management of these disease
  conditions on an ongoing basis.
• Ultrasound devices are witnessing a transition
  from trolley based, single use systems to highly
  portable, versatile and multiuse systems
• Dearth of skilled ultrasound technicians and
  sonographers especially in countries such as UK
  and Canada hinder industry expansion.
• Lack of availability of these skilled
  professionals is resulting in increased patient
  waiting time for ultrasound examinations and
  underuse of the equipment.

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Continued...

• Existence of barriers such as lack of training,
  high machine maintenance cost, absence of support
  personnel, lack of gel, irregular electrical
  supply, discomfort in image interpretation and
  liability concerns hamper technology adoption in
  developing countries.
• 2D technology held significant industry share in
  2016 being the most common and traditional method
  used for scanning.
• Increasing usage of newer technologies such as
  3D, 4D and 5D which provide a more detailed and
  realistic image as compared to 2D will impede
  segment growth.
• Application of the technology in cardiology held
  significant industry share. Increasing number of
  people suffering from cardiovascular diseases
  such as stroke will drive segment growth over the
  forecast timeframe.
• Prominent industry players include GE Healthcare,
  Samsung, Hitachi, Siemens, Koninklijke Philips
  N.V., Toshiba, SIUI, Promed Group, TELEMED
  Medical, Mindray and Esaote.

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U.S. Diagnostic Ultrasound Market size, By
Application, 2013-2024 (USD Million)

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