|
(Health-NewsWire.Net, July 25, 2020 ) The global ultrasound market is projected to reach USD 8.4 billion by 2023 from USD 6.3 billion in 2018, at a CAGR of 5.9%. The major factors driving the growth of this market include the increasing prevalence of target diseases; rising patient preference for minimally invasive procedures; growing public and private investments, funding, and grants; technological advancements; and increasing number of diagnostic centers & hospitals.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=467
The analysis of market developments between 2015 and 2018 has revealed that several growth strategies, such as product launches, product approvals, acquisitions, partnerships, and agreements were adopted by market players to strengthen their product portfolios and maintain a competitive position in the ultrasound market. Product approvals and launches were the most widely adopted growth strategies by market players in the last three years to garner a larger share of the market.
General Electric Company (US) held a dominant share in the ultrasound market in 2017. The company focuses on maintaining its position in the market through pipeline development and product commercialization. GE offers a broad portfolio of ultrasound products used in urology, general imaging, cardiovascular, and breast imaging applications. The company also has a strong geographical presence in about 150 countries across the globe. Also, GE pursues inorganic growth strategies such as collaborations, agreements, and partnerships to expand its global presence in the ultrasound market.
Press Release: https://www.marketsandmarkets.com/requestsampleNew.asp?id=467
Philips (Netherlands) held the second position in the ultrasound market in 2017. The company’s broad portfolio of ultrasound products provides it with a competitive advantage in the market. To strengthen its position and capture a higher share of the market, Philips focuses on product innovation and launches as its key organic growth strategy. For instance, in March 2018, Philips launched a tele-ultrasound solution which was powered by Innovative Imaging Technologies’ Reacts collaborative platform. Similarly, in June 2017, the company launched the Pioneer Plus catheter for intravascular ultrasound guidance. Philips also launched TrueVue, GlassVue, and aReveal in the software segment for OB/GYN ultrasound systems in 2017.
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
MarketsandMarkets™
Mr. Aashish Mehra
1-888-600-6441
raviraj.tak@marketsandmarkets.com
Source: EmailWire.Com 
|
