In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022. Purchasing power in the country is expected to fell nearly by 2.5%.
On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.
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.
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.
Our in-depth analysis segmented the global next generation ultrasound system in the following segments:
Global next generation ultrasound system is further classified on the basis of region as follows:
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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.