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North America Ultrasound Devices Market - Segmented by Application, Technology, Type, and Geography - Growth, Trends, and Forecast (2018 - 2023)

North America Ultrasound Devices Market - Segmented by Application, Technology, Type, and Geography - Growth, Trends, and Forecast (2018 - 2023)

Ultrasound is a medical imaging modality that uses high-frequency sound waves to visualize the internal organs of the body. It transmits high-frequency ultrasonic sound waves into the body of the patient, which are reflected by the organs into the probe and are transmitted to a display to generate the image. The North America ultrasound devices market is expected to register a CAGR of 5.5% during the forecast period of 2018–2023.

Government and Private Funding for R&D in Ultrasound Imaging

The governments across the world are focusing on the promotion and support of industrial research. Several tax incentives have been provided for industries to establish R&D units, with highly improved imaging facilities, such as ultrasound. The long-term goal of these initiatives is to develop innovative, disruptive, safe, non-invasive ultrasound technologies that enable or enhance interventional therapies for the treatment of diseases, injuries, abnormalities, and other conditions. The types of ultrasound interventional therapies to be considered include ultrasound thrombolysis, high-intensity focused ultrasound, and sonophoresis.

Strict Regulations

FDA's Center for Devices and Radiological Health (CDRH) is responsible for regulating firms that manufacture, repackage, re-label, and import medical devices and radiation-emitting electronic products, such as ultrasound equipment. As per the Code of Federal Regulation 21 CFR Part 807, manufacturers and initial distributors of ultrasound equipment must register with the FDA, and registrations must be submitted electronically, unless a waiver has been granted by the FDA. The manufacturers should follow all the steps set by FDA, from equipment registration to submitting a premarket notification. The same applies for premarket approval, investigational device exemption, quality system regulation, labeling and medical device reporting. FDA possesses excessive regulatory authority. Proving efficacy is much more expensive and time-consuming than proving safety. These stringent FDA regulations are restraining the growth of North American ultrasound devices market.

Additionally, the lack of skilled professionals to handle the equipment is also restraining the ultrasound devices market.

United States to Dominate the Market

The United States dominates the market due to improvements in the ultrasound technology, increasing the need for accurate and early diagnosis, and improving healthcare infrastructure. Also, the shifting trend towards home healthcare and remote patient monitoring to reduce hospitalization cost is augmenting the demand for handheld ultrasound devices.


Reasons to Purchase the Report

  • Market analysis for the North American ultrasound devices market, with region-specific assessments and competition analysis on a North America and regional scale.
  • Examining the various perspectives of the industry with the help of Porter’s Five Forces Analysis.
  • Identify the treatment type that is expected to dominate the market.
  • Identify the regions that are expected to witness the fastest growth during the forecast period.
  • Identify the latest developments, market shares, and strategies employed by the major market players.
  • 3-month analyst support along with the Market Estimate sheet (in Excel).
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.

1. Introduction
1.1 Market Definition
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
5.1 Current Market Scenario
5.2 Porter's Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitute Products and Services
5.2.5 Competitive Rivalry within the Industry
6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
6.1 Drivers
6.1.1 Government and Private Funding for R&D in Ultrasound Imaging
6.1.2 Increasing Number of Healthcare Providers
6.1.3 Curtailment in the Size of Ultrasound Devices
6.1.4 Increasing Incidences of Chronic Diseases
6.2 Restraints
6.2.1 Government and Private Funding for R&D in Ultrasound Imaging
6.2.2 Strict FDA Regulations
6.2.3 Lack of Skilled Labor to Handle the Equipment
6.3 Opportunities
6.4 Key Challenges
7. Market Segmentation
7.1 By Applications
7.1.1 Anesthesiology
7.1.2 Cardiology
7.1.3 Gynecology/Obstetrics
7.1.4 Musculoskeletal
7.1.5 Radiology
7.1.6 Emergency Department
7.1.7 Critical Care
7.1.8 Others
7.2 By Technology
7.2.1 2D Ultrasound Imaging
7.2.2 3D & 4D Ultrasound Imaging
7.2.3 Doppler Imaging Color Doppler Imaging Continuous Doppler Imaging Pulse Wave Doppler Imaging
7.2.4 High-Intensity Focused Ultrasound
7.3 By Type
7.3.1 Stationary Ultrasound
7.3.2 Portable Ultrasound
7.4 By Geography
7.4.1 United States
7.4.2 Canada
7.4.3 Mexico
8. Competitive Landscape
8.1 Mergers & Acquisition Analysis
8.2 Agreements, Collaborations, and Partnerships
8.3 New Products Launches
9. Key Players
9.1 Analogic Corporation
9.2 Fujifilm
9.3 GE Healthcare
9.4 Hitachi Medical Corporation
9.5 Philips Healthcare
9.6 Samsung Heathcare
9.7 Siemens Healthineers
9.8 Toshiba Medical Systems Corporation
*List not Exhaustive
10. Future of the Market

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