It’s Only Common Sense: Customer Service Is Sales in Disguise
Dan’s Biz Bookshelf: ‘Dream First, Details Later
Happy’s Tech Talk #40: Factors in PTH Reliability—Hole Voids
Ultrasound Devices Market to Reach $11B by 2023
March 28, 2016 | PRNewswireEstimated reading time: 2 minutes
According to a new market report published by Transparency Market Research "Ultrasound Devices Market - Global Industry Analysis, Size, Volume, Share, Growth, Trends, and Forecast 2015 - 2023", the global ultrasound devices market was valued at US$ 6.7 Bn in 2014 and is projected to expand at a CAGR of 5.8% from 2015 to 2023 to reach US$ 11.0 Bn in 2023.
Ultrasound devices enable physicians to image internal organs of a patient's body in order to diagnose diseases and help surgeons by guiding movement of surgical instruments while performing surgeries. This report studies the global ultrasound devices market based on various parameters such as product type, underlined technologies, applications, and major geographic markets. Growth in the global base of geriatric population would act as a high impact driver of the market. According to the U.S. Census Board, people older than 65 years represented around 13% of the total population and this percentage is expected to grow at an estimated 20% by 2030.
According to imaging technology reports, various key opinion leaders have opined that ultrasound technology is expected to improve in the next few years. This would increase demand for ultrasound devices globally. Scientists are in a continuous research process to explore the potential of ultrasound imaging to measure various physiological parameters that are currently measured by PET/CT scanners and SPECT/CT scanners. This breakthrough advancement in ultrasound devices would boost demand in the near future. Launch of various technologies along with breakthrough products in the ultrasound devices market has revolutionized the industry.
Cart/trolley based and compact ultrasound devices are available in the market. Of these, Cart/trolley based ultrasound devices held the majority share of the market in 2014, followed by compact ultrasound devices. Compact ultrasound devices has been identified as the fastest growing segment during the forecast period due to usage in emergency department, critical care, anesthesiology, and musculoskeletal applications. Technological improvements in compact ultrasound devices such as efficiency in manufacturing anatomical images clearly are likely to boost the compact ultrasound devices segment during the forecast period. The cart-based ultrasound devices segment is anticipated to record slow growth rate due to limited applications in imaging procedures such as abdominal imaging.
Page 1 of 2
Share on:
Suggested Items
Infineon Advances on 300-millimeter GaN Manufacturing Roadmap as Leading Integrated Device Manufacturer (IDM)
07/10/2025 | InfineonAs the demand for gallium nitride (GaN) semiconductors continues to grow, Infineon Technologies AG is poised to capitalize on this trend and solidify its position as a leading Integrated Device Manufacturer (IDM) in the GaN market.
Webinar Review: A Global Trade and Economy in Flux
07/09/2025 | I-Connect007 Editorial TeamIn a July 8 webinar, Global Electronics Association Chief Economist Shawn DuBravac provided a comprehensive analysis of the evolving international trade environment, its implications for inflation, monetary policy, and labor dynamics, and a sober assessment of market valuations. In “Navigating a Shifting Landscape” DuBravac painted a picture of a global economy in flux, where shifting trade alliances and tariff structures are redrawing the supply chain map and influencing the broader economic landscape, while also conveying an overall bullish market outlook.
I-Connect007’s Editor’s Choice: Five Must-Reads for the Week
07/04/2025 | Marcy LaRont, I-Connect007For our industry, we have seen several bullish market announcements over the past few weeks, including one this week by IDC on the massive growth in the global server market. We’re also closely watching global trade and nearshoring. One good example of successful nearshoring is Rehm Thermal Systems, which celebrates its 10th anniversary in Mexico and the official opening of its new building in Guadalajara.
Weather RADAR Market Set to Hit Valuation of US$ 816.19 Million by 2033
07/04/2025 | PRNewswireThe global weather RADAR market was valued at US$ 158.43 million in 2024 and is projected to reach US$ 816.19 million by 2033, growing at a CAGR of 21.42% during the forecast period 2025–2033.
Philippines PC Market Falls 12.2% in Q1 2025 as Education Demand Slows
07/04/2025 | IDCAccording to the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Devices Tracker, Q1 2025, the Philippines' traditional PC Market (desktops, notebooks, and workstations) dropped by 12.2% YoY in Q1 2025 to 617 thousand units.