According to the MarkNtel Advisors' research report, "Global Next-Generation Ultrasound System Market Analysis 2021," the market is likely to grow at around 5% CAGR during 2021-26 due to the surging adoption of technologically advanced devices by clinics & hospitals.
The surging incidences of fatal injuries during pregnancy, increasing cancer occurrences, and a rising prevalence of chronic diseases like cardiac & orthopedic injuries among the aged population are primary factors contributing to the market growth. However, along with these factors, there are a few challenges like a lack of trained technicians and a surging end-user inclination toward refurbished ultrasound systems that could significantly restrain the market growth in the future.
Key questions answered in the study
General Imaging Acquired the Highest Market Share
Based on the Application, the market segments into General Imaging, Cardiovascular Imaging, Vascular Imaging, Obstetrics and Gynecology Imaging, Lung Imaging, Urology Imaging, Orthopedics Imaging, Others (kidney, Abdomen Imaging).
Among these, the General Imaging segment held the largest share in the Global Next-Generation Ultrasound System Market in the previous year due to the surging prevalence of cancer across the prominent parts of the world and rising technological advancements in treatments related to ultrasound-based diagnosis. Further, market availability and mounting usage of an ultrasound system for the diagnosis of cancer and tissue biopsy also propel the growth of the general imaging segment.
"Global Next-Generation Ultrasound System Market Analysis, 2021" provides comprehensive, qualitative, and quantitative insights on the market potential, key factors impacting the market growth, hotspots, and opportunities available for Next-Generation Ultrasound System providers across the globe. Moreover, the report also encompasses the key strategic imperatives for the competitors' success and strategic factorial indexing to measure their capabilities on 16 parameters, which will help companies formulate 'Go to Market' strategies and identify the blue ocean for their offerings.
Asia-Pacific Exhibits Fastest Growth
The Asia-pacific market is likely to register the fastest growth in the Global Next-Generation Ultrasound System market during 2021-26 due to the surging need for outpatient care in places like rural areas. I addition to this, increase in patient population, surging prevalence of chronic diseases. Also, snowballing government expenditure on the development of healthcare infrastructure fuels the market growth. Thereby, the region is likely to contribute to the growth of the Global Next-Generation Ultrasound System Market in the forecast period, says MarkNtel Advisors in their research report, "Global Next-Generation Ultrasound System Market Analysis, 2021."
According to MarkNtel Advisors, the major leading players in the Global Next-Generation Ultrasound System Market are BK Medical ApS (Analogic Corporation), Butterfly Network Inc., Canon Inc., Clarius Mobile Health, Esaote SpA, Fujifilm Holdings Corporation, General Electric Company, Healcerion Co. Ltd., Hitachi Ltd., Hologic Inc., Hologic, Inc., Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Shimadzu Corporation, and Siemens Healthineers AG.