According to Technavio, the global advanced ultrasound imaging systems market is expected to post a CAGR of more than 8% by 2022. (Graphic: Business Wire)
The global advanced ultrasound imaging systems market 2018-2022 is expected to post a CAGR of more than 8% during the forecast period, according to the latest market research report by Technavio.
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According to Technavio, the global advanced ultrasound imaging systems market is expected to post a CAGR of more than 8% by 2022. (Graphic: Business Wire)
A key factor driving the growth of the market is a wide range of applications of ultrasound imaging systems. Technological advances have led to an increase in the applications of ultrasound imaging systems in various fields including obstetrics, gynecology, and cardiology. The applications of ultrasound in obstetrics include pregnancy ultrasound, which is used for viewing the progress of a developing fetus and checking the number and age of the fetus in the womb.
This market research report on the global advanced ultrasound imaging systems market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the rise in M&A activities as one of the key emerging trends in the global advanced ultrasound imaging systems market:
Global advanced ultrasound imaging systems market: Rise in M&A activities
Vendors are focusing on developing advanced ultrasound imaging systems to increase their market share and business growth.
“The development of advanced ultrasound imaging systems requires high investments and expertise in R&D related to imaging and parts of ultrasound systems, such as specialized transducers. However, some vendors lack funding or expertise in R&D to manufacture advanced devices. Thus, they develop and implement growth strategies such as M&A,” says a senior analyst at Technavio for research on medical imaging.
Global advanced ultrasound imaging systems market: Segmentation analysis
This market research report segments the global advanced ultrasound imaging systems market by end-user (3D and 4D ultrasound imaging systems and 5D ultrasound imaging systems) and geographical regions (APAC, EMEA, and the Americas).
The Americas led the market in 2017 with a market share of 48%, followed by APAC and EMEA respectively. Although APAC held the smallest share of the market, it is expected to witness the maximum increase in its market share over the forecast period.
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Some of the key topics covered in the report include:
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation
Geographical Segmentation
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
About Technavio
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