LOS ANGELES, March 26, 2019 (GLOBE NEWSWIRE) -- According to Acumen Research and Consulting the global diagnostic ultrasound market is forecasted to grow at a stable CAGR around 4% during the forecast period 2018 to 2026. According to the report named “Diagnostic Ultrasound Market - Global Industry Analysis, Growth, Share, Size, Trends and Forecast, 2018-2026”, rising occurrences of chronic diseases, various advantages offered by diagnostic ultrasounds, rapidly increasing geriatric population base, elderly population highly prone to diseases due to various functional and structural changes, ever-increasing birth rates in various countries such as Germany and Russia and increasing technological advancements are some of the fundamental factors that driving the diagnostic ultrasound market growth across the globe.
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Diagnostic ultrasound technique is used to create an image of structures of internal body such as muscles, blood vessels, tendons, joints and other internal organs. Its aim is to exclude pathology or find a source of a disease. Diagnostic ultrasound is also used for examining pregnant women. North America is anticipated to witness the highest growth rate over the forecast period owing to the rising usage of advanced electronics equipment in medical devices, increasing incidences of chronic diseases, growing awareness among people towards early disease diagnosis and ongoing technological advancements.
Rising Incidences of Chronic Diseases and Growing Awareness among People towards Early Diagnosis to Drive the Global Diagnostic Ultrasound Market Growth
Growing occurrences of chronic diseases across the world along with rapidly growing geriatric population base are some of the factors positively helping the global market growth and also expected to boost the demand for diagnostic ultrasound method in coming years. Aged population is highly prone to various diseases due to various functional and structural changes. This factor is anticipated to spur the industry growth during the forecast period. Moreover, increasing investments in order to improve healthcare amenities in emerging countries will further positively impact the growth of global diagnostic ultrasound market. Rising birth rates in various countries due to increasing use of diagnostic ultrasound during pregnancy is anticipated to fuel the global market growth throughout the forecast period. Capability of the diagnostic ultrasounds to detect actions inside the womb and irregularity in the position of baby is boosting the global market growth. In addition, rapid advances in ultrasound technology will further propel the market growth. The increasing demand for enhanced and precise diagnostic techniques due to the growth in occurrences of the various diseases is projected to boost the adoption of diagnostic ultrasound technique. In order to develop superior diagnosis and treatment methods the wide-ranging research and development activities are supported by government, thereby boosting the overall market growth.
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North America to Grow at Highest Rate in Diagnostic Ultrasound Market
Geographically, the global diagnostic ultrasound market has been divided into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America is forecasted to witness high growth and grow at highest CAGR during the forecast period owing to the rising usage of advanced electronics equipment in medical devices, increasing incidences of chronic diseases, growing awareness among people towards early disease diagnosis and ongoing technological advancements. Availability of advanced healthcare facilities is also helping the regional market to grow rapidly. Rising preferences towards more advanced disease diagnostics techniques and rapid growth in the healthcare sector is supplementing the regional market growth. Awareness programs conducted by various organizations are also playing the major role in the growth of regional diagnostic ultrasound market. Asia Pacific is also expected to show substantial growth over the forecast period due to presence of large patient pool and growing disposable income. Increasing disposable income in emerging economies and early and growing need for accurate diagnosis are some of the key factors fueling the regional market growth.
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Market Players
The diagnostic ultrasound market is consolidated with large number of manufacturers. The company profiling of key players in the market includes major business strategies, company overview and revenues. The key players of the market are Arthrex, Chison, C.R. Bard, FujiFilm, Analogic, SonoScape Medical, Fukuda Denshi, Promed, Shantou Institute of Ultrasonic Instruments, GE Healthcare, Esaote, Sunway Medical, Hitachi, Kalamed, Mobisante, Shenzhen Mindray Bio-Medical Electronics, Samsung Electronics, Koninklijke Philips, Shenzhen Landwind Industry, TELEMED Medical Systems, Siemens Healthcare, Toshiba Medical Systems.
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