London, United Kingdom, March 17, 2017 --(PR.com
)-- At present, the world’s ultrasound market is following an upward trend. This trend is predicted to continue in the short run. During 2017-2021, the global ultrasound market is expected to register growth at a 5.2% CAGR to exceed USD 6.8 billion by the year 2021.
The highest growth rates are anticipated to be witnessed in the APAC ultrasound market in the next 5 years. The robust growth in this regional market could be attributed to increasing incidence of chronic as well as infectious diseases, enhancing awareness of advanced diagnostic options and therapeutic ultrasound, and steadily rising healthcare expenditures.
Further growth in the global ultrasound market will be driven by various favourable factors like remarkable technological advancements in ultrasound devices, high prevalence of targeted diseases, rising preference for minimally invasive procedures, escalating birth rates (especially in developing countries) and rising public-private investments, amid others. Additionally, emerging market like India and China are offering a range of new lucrative growth opportunities for ultrasound market players new and established.
Presently, the worldwide ultrasound market is fairly competitive with a great number of world and local producers of ultrasound products. Top players include Toshiba Corporation, Koninklijke Philips and General Electric Company.
New insightful research study “Ultrasound Market by Technology, Display, Portability, Application, End User - Forecast to 2021” elaborated by MarketsandMarkets and recently added at MarketPublishers.com offers a detailed analysis of the ultrasound market performance at various geographical levels and highlights the major aspects.
This report is available at https://marketpublishers.com/report/diagnostic_equipment/ultrasound/ultrasound-market-by-technology-diagnostic-therapeutic-2d-3d4d-hifu.html