North America followed by Europe is dominating the global medical ultrasound equipment market due to increasing numbers of diagnostic imaging centres and increasing adoption of technologically advanced imaging systems. Asia is expected to be the fastest growing market due to modernization in healthcare infrastructure and rising prevalence of diseases. Japan is dominating the Asian medical ultrasound equipment market due to availability of technologically advanced manufacturers such as Toshiba and Hitachi.
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In recent time there is increased use of medical ultrasound equipments due to rising demand for point-of-care testing and increasing number of diagnostic procedures. Rise in patient’s awareness, rising demand for non-invasive solution and technological advancements are some of the key factors driving the growth of the global medical ultrasound equipment market. In addition, rising demand for better diagnostic treatment is also fuelling the growth of the global medical ultrasound equipment market. However, risk of high radiation and high cost of medical imaging are some major factors restraining the growth of the global medical ultrasound equipment market. In addition, safety and security of patient’s information is also restraining the growth of the global medical ultrasound equipment market.
Emergence of Portable and hand held ultrasound system would develop opportunity for the global medical ultrasound equipment market. However, increasing adoption of refurbished imaging system could lead a challenge for the global medical ultrasound equipment market. Increasing use of 3D and 4D ultrasound imaging and increasing adoption of ultrasound imaging in the field of cardiology, oncology and emergency medicine are some of the trends for the global medical ultrasound equipment market.
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Some of the major companies operating in the global medical ultrasound equipment market are Agfa-Gevaert NV, GE Healthcare, Boston Scientific, Hitachi Medical Corporation, Toshiba Medical System Corporation, Philips Healthcare and Siemens Healthcare.
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