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Global Ultrasound Devices Market Expected to Reach USD 8.71 Billion in 2019: Transparency Market Research

July 1, 2014

ALBANY, New York, July 1, 2014 /PRNewswire/ –

According to a new market report published by Transparency Market Research “Ultrasound
Devices Market (By Product Type – Cart/Trolley Based Ultrasound Devices and Compact
Ultrasound Devices, By Technology – 2-D, 3-D & 4-D, Doppler, HIFU and Lithotripsy and By
Application – Obstetrics and Gynecology, Cardiovascular, Abdominal and Others) – Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019,” the global
ultrasound devices market was valued at USD 5.40 billion in 2012 and is expected to grow
at a CAGR of 6.4% during the forecast period 2013 to 2019 to reach a market value of USD
8.71 billion by 2019.

Browse the full Ultrasound Devices Market report at

http://www.transparencymarketresearch.com/ultrasound-devices-market.html

Ultrasound devices enable physicians in diagnosing diseases for their further
appropriate treatments. In addition, these devices also help surgeons by guiding movement
of surgical instrument in patient’s body while performing surgeries. These devices are
utilized extensively for abdominal imaging and examining various abdominal disorders such
as stomach cancer. The global market for ultrasound devices has been estimated to grow at
a CAGR of 6.4% (by value) and 8.8% (by volume) during the forecast period 2013 to 2019.
The growth of ultrasound devices market is expected to increase with rising incidences of
various diseases such as cardiovascular diseases and cancer. Technological advancements in
ultrasound devices is further expected to propel the uptake of ultrasound devices market
since new technologies that are revolutionizing the ultrasound industry are efficient to
diagnose complex diseases with high precision and less time consumption. For instance,
unlike CT scanners, 3-D & 4-D ultrasound imaging technology is efficient in producing
real-time images of anatomical structure of organs. Likewise, increasing government
initiatives will also accentuate the growth of this market during the forecast period.

Ultrasound devices market has been segmented based on product type as cart/trolley
based ultrasound devices and compact ultrasound devices. Owing to rising number of
surgeries, compact ultrasound devices market is projected to grow at the highest CAGR of
11.5% by value during the forecast period 2013 to 2019. Unlike cart/trolley based
ultrasound devices, compact ultrasound devices are small in size that enable their easy
movement while performing surgeries, hence are preferred in operating rooms. In addition,
increasing government funding for compact ultrasound devices will further expedite the
growth of this market.

Various technologies have been invented for ultrasound devices to increase their
efficiency. In 2012, 2-D ultrasound imaging technology market accounted for the largest
share by value and is estimated to grow at steady CAGR during the study period. The large
market size is attributed to its presence in the market since a long time that has helped
gain popularity among radiologists.

Based on application, ultrasound devices market has been segmented as obstetrics and
gynecology, cardiovascular, abdominal and others (lungs, soft tissue and interventional
radiology). Among all these, cardiovascular ultrasound imaging market is expected to grow
at the highest CAGR during the forecast period. This growth is due to the fact that
ultrasound devices have proven their efficiency in diagnosing various cardiovascular
diseases precisely with the advent of 3-D & 4-D imaging and Doppler ultrasound imaging
technique. Hence, with rising incidences of various cardiovascular diseases,
cardiovascular ultrasound imaging market is expected to grow in the coming years.

Geographically, North America accounted for the largest share (more than 30%) in terms
of revenue of the total ultrasound devices market. This is majorly due to the presence of
large number of key players such as GE Healthcare and Siemens Healthcare in the region.
Owing to rising geriatric population, it has been projected that Asia-Pacific and Rest of
the World (RoW) will grow at the highest and second highest CAGR respectively during the
forecast period. Improving government initiatives will further augment the growth of this
market in aforementioned regions. The global ultrasound devices market is ruled by GE
Healthcare, Philips Healthcare, Siemens Healthcare, Hitachi Medical Corporation and
Toshiba Medical Systems Corporation.

Browse the full Ultrasound Devices Market report at

http://www.transparencymarketresearch.com/ultrasound-devices-market.html

The global ultrasound devices market has been segmented as below:

Ultrasound Devices Market, by Product Type

        - Cart/Trolley Based Ultrasound Device
        - Compact Ultrasound Device

Ultrasound Devices Market, by Technology

        - 2-D Ultrasound Imaging
        - 3-D & 4-D Ultrasound Imaging
        - Doppler Ultrasound Imaging
        - High Intensity Frequency Ultrasound (HIFU) Imaging
        - Lithotripsy Ultrasound Imaging

Browse the full Ultrasound Devices Market report
athttp://www.transparencymarketresearch.com/ultrasound-devices-market.html

Ultrasound Devices Market, by Application

        - Obstetrics and Gynecology
        - Cardiovascular
        - Abdominal
        - Others (Ocular, MSK/Soft Tissue, Procedural Guidance studies and others)

Ultrasound Devices Market, by Geography

        - North America
        - Europe
        - Asia-Pacific
        - Rest of the World (RoW)

About Us

Transparency Market Research is a global market intelligence company, providing global
business information reports and services. Our exclusive blend of quantitative forecasting
and trends analysis provides forward-looking insight for thousands of decision makers. Our
experienced team of Analysts, Researchers, and Consultants, use proprietary data sources
and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts,
so that it always reflects the latest trends and information. With a broad research and
analysis capability, Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research material for business
reports.

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