LONDON--(EON: Enhanced Online News)--Technavio analysts forecast the global portable ultrasound equipment market to grow at a CAGR of more than 9% during the forecast period, according to their latest report.
“Semiconductor technology is being used by some manufacturers to develop effective, inventive designs that consume minimal power thus reducing the overall system price of portable devices by diminishing power consumption”
The research study covers the present scenario and growth prospects of the global portable ultrasound equipment market for 2017-2021. To calculate the market size, the report considers revenue generated from sales of portable ultrasound devices to key end-users such as hospitals, diagnostic centers, and home care.
Medical imaging is the process of creating visual representations of the interior of a body for clinical analysis and medical intervention. Medical imaging is performed to reveal internal structures hidden by the skin and bones, to examine and diagnose the medical condition. It plays a vital role, not only in the diagnosis but also in the treatment process, since it is taken into consideration during the follow-up of various diseases.
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Technavio healthcare and life sciences analysts highlight the following three factors that are contributing to the growth of the global portable ultrasound equipment market:
Broader applications of portable ultrasound equipment
Portable ultrasound equipment has become a vital device in emergency departments such as ICU, NICU, CCU, and in outpatient departments. The light weight, mobility, and compact features have captured the interest of most cardiologists, radiologists, and other specialists. Ultrasound waves, when used at different frequencies, serve the purpose of imaging and diagnosis.
Barath Palada, a lead medical imaging research analyst at Technavio, says, “Rising birth rates and adoption of in-vitro fertilization methods among the high-end population, requiring detailed and high resolution imaging by ultrasound, are factors supporting the growth of diagnostic ultrasound imaging segment.”
Growing demand for portable ultrasound equipment
Portable ultrasound devices, incorporating wireless features like Bluetooth and any near-field communication are designed to deliver highly sophisticated home-based healthcare service for individuals. These wireless devices assist in increasing mobility, connectivity, and transportability. Advances in technology also permit these medical devices to be power-driven or recharged with remote by use of fabrics and plastics.
“Semiconductor technology is being used by some manufacturers to develop effective, inventive designs that consume minimal power thus reducing the overall system price of portable devices by diminishing power consumption,” adds Barath.
Increased use of ultrasound for early-stage disease diagnosis
Growing health awareness amongst the population has led a segment of individuals to develop practices of preventive measures, which includes early diagnosis using ultrasound imaging. This has largely reduced the incidence of recurring and chronic disorders, as earlier encountered.
The incidence of chronic diseases is not only high in high-income countries, but today, four out of five deaths are due to chronic diseases in low and middle income countries. Projections of the future mortality and burden of disease show that chronic diseases will continue to be the biggest contributor to mortality and disability in high-income countries.
- FUJIFILM SonoSite
- GE Healthcare
- Philips Healthcare
- Siemens Healthcare
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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