Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.
Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.
We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.
In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months. Request Insights
Product Overview
Next generation ultrasound system is a device that combine number of imaging diagnoses related to a distinct varieties of clinical segments. This device has been introduced in order to make the diagnostic work more effectively with various technological advancements and it is a better option than the standard ultrasound machine in terms of quality, mobility and cost. The device is used to improve the productivity and provide very high-quality images. The next generation ultrasound system is a user-friendly device on the account of its various applications for increasing number of patients across the world. Next generation ultrasound system is also used to keep the track of the progress of patients and also provide diagnosis in far off areas, emergency wards and autonomous clinics. The next generation ultrasound system is an advanced device which has the best combination such as portability and high performance.
Market Size and Forecast
The global next generation ultrasound system is anticipated to expand at a significant CAGR during 2017-2027. It is expected to reach substantial market value by the end of 2027. The growth of the next generation ultrasound systems can be attributed to advancement in technology which produces high quality and reliable images.
The global next generation ultrasound system can be segmented on the basis of end-user. On the basis of end-user, it is further sub–segmented into hospitals, diagnostics laboratories and imaging centers, clinics and ambulatory surgical centers. Hospitals sub-segment is anticipated to be the fastest growing sub-segment on the account of increasing number of patients coupled with easy availability of diagnosis.
By region, global next generation ultrasound system is segmented into North America, Asia-Pacific, Latin America, Europe, Middle East and Africa. North America contributes the largest market share of the global next generation ultrasound system market and is anticipated to lead the segment throughout the forecast period. This is attributed to the fact of high acceptance of portable devices by various end users. Additionally, U.S. accounted largest market share in North America on the back of high penetration of devices in the country. However, Asia-Pacific is anticipated to observe robust growth in the forthcoming years on the account of rising popularity of portable devices across the globe.CLICK TO DOWNLOAD FREE SAMPLE
Market Segmentation
Our in-depth analysis segmented the global next generation ultrasound system in the following segments:
By End-User
By Region
Global next generation ultrasound system is further classified on the basis of region as follows:
Growth Drivers and Challenges
The increasing adoption of the ultrasound system by the clinics and the advancement in technology are the major factors driving the market growth of the global next generation ultrasound systems market. Other factors that are expected to fuel the market growth of next generation ultrasound systems market includes increasing incidences of chronic diseases to the ageing population. Additionally, rising number of fetal injuries to women during pregnancy is augmenting the demand for next generation ultrasound system. According to U.S bureau of labor statistics there is an increase of 7% in total number of fetal cases 2016. The others features such as ease of use and crisp images are also responsible for increasing demand for the next generation ultrasound systems.
The factor that hinders the market growth of next generation ultrasound system is the complexity in handling of the devices in comparison to traditional ultrasound system.
Key Players
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