Global Ultrasound Device Market Expected To Flourish In The Near Future

By Author: Pramod Kumar
Total Articles: 30
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One of the biggest factors fuelling the surge in the demand for ultrasound devices is the increasing preference for minimally invasive medical procedures across the world. There has been a huge bump in the popularity of minimally invasive procedures over the last few years, on account of the fact that these procedures cause lesser number of incisions and lesser pain. Ultrasound devices are extensively used for the visualization of organs and tissues of the body. These devices are also used for tissue sampling and fluid collection by needle aspiration and in interventional radiology for fluid management.

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The increasing incidence of chronic diseases, surging geriatric population and soaring healthcare expenditure in many countries are the other major factors propelling the demand for ultrasound devices. In addition to this, there have been rapid advancements in the healthcare industry and ultrasound technology in the last few years, and they have significantly pushed the adoption of these devices in the healthcare settings around the world. Due to these factors, the global ultrasound device market is expected to exhibit huge progress in the coming years.

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The biggest rage currently being witnessed in the ultrasound device market is the miniaturization of point-of-care devices. Since the last few years, there has been a big push toward miniaturization, with the bulky medical instruments and devices getting rapidly replaced by lighter and portable devices. In various healthcare setting like clinics and hospitals, the medical practitioners are increasingly focusing on providing point-of-care treatment to the patients, which is boosting the utilization of lightweight and compact devices.

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Across the world, Europe is predicted to observe significant growth in the utilization of ultrasound devices in the coming years. This is primarily ascribed to the rising popularity of minimally invasive procedures and increasing number of approvals for the ultrasound devices, in the region. In addition to this, the surging geriatric population and the rising incidence of chronic diseases are hugely contributing toward the escalating adoption of ultrasound devices. In Europe, Germany is expected to register tremendous growth in the usage of ultrasound devices in the years to come.

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.