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Ultrasound Devices Market Assessment Report (Diagnostic & Therapeutic) - Global Size, Share, Competitive Landscape, Future Prospects and Forecast from 2013-2017

Thursday, October 23, 2014 Medical Gadgets
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LONDON, Oct. 22, 2014 /PRNewswire/ -- The global market for ultrasound devices was estimated to be valued at USD $6.5 billion in 2012 and forecast to reach USD $8.6 billion by 2017 at a CAGR of 5.8% from 2013 – 2017. The diagnostic ultrasound devices segment is bigger than therapeutic devices segment in the total ultrasound devices market. Advancing technologies, point-of-care applications and miniaturization of ultrasound devices are the largest drivers for this market. Europe is estimated to be the largest market for diagnostic ultrasound followed by North America behind in second place, and by Asia-Pacific, in which Japan is considered to control a major portion of the market.Today the technology has been developed to cover many medical areas such as vascular conditions, cardiology, obstetrics & gynaecology, emergency medicine, ophthalmology, gastroenterology, and anaesthesiology. Ultrasound devices are used as an imaging technique for diagnosing numerous medical conditions. Thus the technology has the largest applications in diagnostic field. Besides the imaging aspect, ultrasound waves between the range of 0.8MHz and 5MHz are also used therapeutically for ablation of tissue, bone repair and growth, cataract treatment. In recent times the use of ultrasound in uterine fibroids has increased tremendously since over 50 million women suffer from this condition over the world annually. Ultrasound Lithotripsy or shockwave lithotripsy has been used to treat kidney stones for many years now. Recent applications of ultrasound include renal denervation as researched by ReCor for its device Paradise, which includes US ablation of renal nerves to reduce hypertension.OBGYN is one of the most popular applications for ultrasound, but the largest revenue generating application is in diagnosing tumours. 3D static imaging and 4D moving images have become extremely popular among new parents. Catheter based ultrasound transducers are the fastest emerging opportunities observed, due to the popularity of minimally invasive procedures involving ablative procedures. Catheter ablation through ultrasound can be used for arrhythmia, renal denervation and several other applications today.Large cart-based devices which were popular in clinics and hospitals are soon losing trend to portable and compact devices with innovative products introduced for major applications. Although cart-based systems are considered necessary, the growth of point-of-care and emergency medicine segments is predicted to catapult the growth of portable and mobile sized hand-held ultrasound devices. GE healthcare's VScan, Siemens Acuson P10 are two popular models among hand-held diagnostic ultrasound devices to enter successfully in the market. Hand-held and mobile ultrasound is an extremely prospective area which is illustrated by the focus of companies such as Mobisante which manufactures only mobile units.The top key players in the diagnostic segment are GE Healthcare, Philips Healthcare, Siemens Healthcare, Hitachi – Aloka, Toshiba, Biosound Esaote and Analogic among other smaller companies like Sonoscape, Terason, and Verathon. The recent acquisition of Ultrasonix by Analogic Corporation is expected to propel the rank of the company by several notches in the next few years.
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/ultrasound-devices-market-assessment-report-diagnostic--therapeutic---global-size-share-competitive-landscape-future-prospects-and-forecast-from-2013-2017-644033729.html

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