“Europe Ultrasound Devices Market“ offer significant and proficient insights into the current market scenario and the emerging growth dynamics. The report on Europe Ultrasound Devices Market provides the market players as well as the new visitors to show complete view of the market landscape. The comprehensive research will enable the well-established as well as the emerging players to establish their business strategies and achieve their short-term and long-term goals. The report also presents a significant evaluation of the scope of the regions and where the key participants might find potential growth opportunities in future.
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The Europe Ultrasound Devices Market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered financial information of last 3 years, key development in past five years.
Ultrasound is a medical imaging modality that uses high-frequency sound waves to visualize the internal organs of the body. It transmits high-frequency ultrasonic sound waves into the body of the patient. These sound waves are then reflected by the body organs into the probe and are transmitted to a display that generates the image. The Europe ultrasound devices market is expected to register a CAGR of 6.2% during the forecast period of 2018â2023.
Increasing Funding for R&D in Ultrasound Imaging
The European economy is on track to grow at a good pace in coming years. Coupled with several large regional tenders that are expected this year, the ultrasound market is forecast to see a slight uptick in demand. The governments across the world are focusing on the promotion and support of industrial research. Several tax incentives have been provided for the industries to establish R&D units, with highly improved imaging facilities, such as ultrasound. The long-term goal of these initiatives is to develop innovative, disruptive, safe, non-invasive ultrasound technologies that enable or enhance interventional therapies for the treatment of diseases, injuries, abnormalities, and other conditions. The types of ultrasound interventional therapies to be considered include ultrasound thrombolysis, high-intensity focused ultrasound, and sonophoresis.
Additionally, increasing demand for the minimally invasive device, rise in the number of elderly population, curtailment in the size of ultrasound devices, and increasing incidences of chronic diseases (like cancer), are some of the other factors contributing to the growth of the market.
Use of Refurbished Instruments
Manufacture of diagnostic imaging devices requires a large number of skilled personnel. Hence, it is considered better to refurbish these devices at a lower cost. Rising incidence of chronic diseases across the globe is increasing the demand for cost-effective and efficient diagnosis procedure. This, in turn, is driving the demand for refurbished medical imaging devices. Hence, there is an emerging trend of using refurbished equipment. This is posing a challenge for the market.
Additionally, lack of skilled labor to handle the equipment is also restraining the ultrasound devices market.
Germany to Dominate the Market
Germany dominates the market due to improvements in the ultrasound technology, increasing need for accurate and early diagnosis, and improving healthcare infrastructure. Also, the shifting trend toward home healthcare and remote patient monitoring, to reduce hospitalization cost, is augmenting the demand for handheld ultrasound devices.
Key Developments in the Market
â¢ February 2018: Artificial intelligence technology behind advanced gaming and driverless cars now powers the new GE Healthcare ultrasound system.
Major Players: ANALOGIC CORPORATION, ESAOTE SPA, FUJIFILM HOLDINGS CORPORATION, GE HEALTHCARE, HITACHI MEDICAL CORPORATION, PHILIPS HEALTHCARE, SAMSUNG, SIEMENS HEALTHCARE, and TOSHIBA MEDICAL SYSTEMS, among others..
Reasons to Purchase The Report
â¢ Market analysis for the European ultrasound devices market, with region-specific assessments and competition analysis on Europe and regional scale.
â¢ Examining various perspectives of the industry with the help of Porterâs Five Forces Analysis.
â¢ Identify the treatment type that is expected to dominate the market.
â¢ Identify the regions that are expected to witness the fastest growth during the forecast period.
â¢ Identify the latest developments, market shares, and strategies employed by the major market players.
â¢ 3-month analyst support along with the Market Estimate sheet (in Excel).
Customization of the Report
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Europe Ultrasound Devices Market Analyse according to leading players, Competitive landscape, geographical regions, top manufacturers, types, and applications forecast over a period of 2019 to 2024. Geographically, this report is divided into many key Regions, with production, consumption, revenue (million USD), market share and rate of Europe Ultrasound Devices Market 2019 in these regions, from 2018 to 2024 (forecast), covering: North America, China, Europe, Japan, Southeast Asia, India.
The Objectives of this report are:
- To define, describe, and analyze the Europe Ultrasound Devices market on the basis of product type, application, and region
- To forecast and analyze the size of the Europe Ultrasound Devices market (in terms of value) in six key regions, namely, Asia Pacific, Western Europe, Central & Eastern Europe, North America, the Middle East & Africa, and South America
- To forecast and analyze the Europe Ultrasound Devices market at country-level in each region
- To strategically analyze each submarket with respect to individual growth trends and its contribution to the Europe Ultrasound Devices market
- To analyze opportunities in the Europe Ultrasound Devices market for stakeholders by identifying high-growth segments of the market
Key Questions Answered in Europe Ultrasound Devices market report:
- What will the market size be in 2024 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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Europe Ultrasound Devices Market Report Provides Comprehensive Analysis as Following:
Market segments and sub-segments
Market size & shares
Market trends and dynamics
Market Drivers and Opportunities
Market Analysis and Segmentation
Supply and demand
Technological inventions in Europe Ultrasound Devices trade
Marketing Channel Development Trend
Europe Ultrasound Devices Market Positioning
Distributors/Traders List enclosed in Positioning Europe Ultrasound Devices Market
Europe Ultrasound Devices Market report provides you a visible, one-stop breakdown of the leading product, submarkets and market leaders revenue forecasts till 2024. In conclusion, Europe Ultrasound Devices Market 2019 report presents the descriptive analysis of the Europe Ultrasound Devices Market Major Key-players, Types, Application and Forecast Period knowledge which is able to function a profitable guide for all the Europe Ultrasound Devices Market competitors.
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