The Global Ultrasound Equipment Market is set to experience significant growth, with a projected increase of USD 2.98 billion and a Compound annual growth rate (CAGR) of 6.25% between 2023 and 2028. The market is expected to expand by 5.76% from 2023 to 2024, showcasing sustained advancement within the industry.
The latest market research report from Technavio provides insights into the Global Ultrasound Equipment Market for the years 2024-2028. With a coverage of 170 pages and analysis based on the base year 2023, the report offers information on market structure, YoY growth, regional analysis, key countries, market contributors, and key companies in the industry.
Key vendors in the market include Boston Scientific Corp., Canon Inc., General Electric Co., Siemens AG, and more, offering a wide range of ultrasound equipment products. The competitive landscape in the market drives vendors to adopt growth strategies like promotional activities and advertising to enhance visibility.
Advancements in image quality, volumetric ultrasound, and the integration of Artificial Intelligence (AI) are key factors propelling the growth of the ultrasound device market. Despite challenges like high initial setup and maintenance costs, the market is expected to witness steady expansion due to the rising demand for accurate and efficient medical imaging solutions.
Ultrasound technology plays a critical role in diagnostic procedures, offering non-invasive imaging solutions for various medical specialties. The market is driven by the demand for diagnostic ultrasound services and the prevalence of chronic diseases requiring ultrasound examinations. Portable ultrasound devices and point-of-care ultrasound are gaining popularity for their versatility in healthcare settings and real-time diagnosis capabilities.
Technavio, a leading global technology research and advisory company, provides actionable insights to help businesses identify market opportunities and develop effective strategies. With over 500 specialized analysts and a vast report library covering various technologies and countries, Technavio offers comprehensive research to support businesses in optimizing their market positions.
For more information on the Global Ultrasound Equipment Market and related reports, visit Technavio’s website.
Source link
