(PharmaNewsWire.Com, May 29, 2017 ) As per the syndicated report published by Market Data Forecast Europe Ultrasound Devices Market which is estimated to be USD 1.90 billion in 2016 is poised to reach USD 2.35 billion by 2021, at a CAGR of 4.4% from 2016 to 2021. It can attributed to the factors such as Increasing awareness to the public, Rising number of diagnostic imaging techniques, Rising number of aged population and Increasing prevalence of chronic diseases. However certain challenges like stringent government laws, High cost of the diagnostic procedures, improper facilities and lack in skilled personnel must be dealt with to attain the full potential.
To give a brief idea, Ultrasound devices are those instruments which use high frequency sound waves whose audibility is above human hearing for creation of internal images of the body. Sound waves are used instead of radiation for providing safety to the patient.
The purpose of an ultrasound device is to analyse the source of a disease or to eradicate any pathology. Ultrasound is mostly used to examine pregnant women which are known as obstetric ultrasound. The ultrasonic images are produced by transmitting pulses into the tissue with the use of a probe. Many different tissues reflect with various degrees of sounds after the sound of the tissue echoes off which is then recorded and shown as an image. Internationally, most of the industrialized nations are spending a huge part of their GDP on healthcare necessities.
Europe Ultrasound Devices Market is segmented based on technology, device display, portability and application as mentioned below for attaining a more granular perspective of the market. In the report each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.
Based on Technology: Diagnostic ultrasound o 2D ultrasound o 3D & 4D ultrasound o Doppler ultrasound Therapeutic ultrasound o High-intensity focused ultrasound o Extracorporeal Shockwave Lithotripsy
Based on Device Display: Color Ultrasound Devices Black and White Ultrasound Devices
Based on Portability: Trolley/Cart-based Ultrasound Devices Compact/Handheld Ultrasound Devices
Based on Application: Radiology/General Imaging Cardiology Obstetrics/Gynecology Vascular Urology Other Applications
Europe is an amalgamation of major economies like Germany, Spain, Italy, U.K. and France among others to name a few. The report justifies this by offering country wise data for the EU5 countries while taking some other predominant economies into consideration as well (Rest of Europe). Increasing number of hospitals is poised France is poised to be the major reason behind the successive growth of the market in this region.
General Electric Company (U.S.), Koninklijke Philips N.V. (Netherlands), Toshiba Corporation (Japan), Siemens AG (Germany), Hitachi Ltd. (Japan) and Samsung Electronics Co., Ltd. (South Korea), are the major players operating in the Europe Ultrasound Devices Market. Therefore, the competition among the players is rising because of technological advancements and rising emphasis on use of advanced instruments.
The Europe Ultrasound Devices Market report offers wide-range of scope:
Regional and country-level analysis that provides an individual perspective of Asia-Pacific region and the aforementioned countries
Know more about key areas of industry growth via detailed Segment-level analysis on basis of technology, device display, portability, application along with market size forecasts and y-o-y estimations
Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics
Strategic Analyses containing PESTLE and Porters Five Forces Analyses which are obtained by studying the macro & micro environmental factors that affect the market demographics
Comprehensive listing of key market players along with Company overview, product portfolios, financials (subjected to availability), SWOT analysis and analyst overview
Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
Market Outlook - Investment opportunities devised by stand in experts to provide both individuals and organizations a strong financial foothold in the market
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