The market is segmented, By Type (2D, 3D&4D, Doppler), Application (Radiology/Oncology, Cardiology, Obstetrics & Gynecology, Mammography/Breast, Emergency Medicine, Other), End-Use (Hospital, Clinic, Home Care), and Region.
Market Insights:
The Medical Ultrasound Equipment Market is projected to grow from USD 7.24 billion in 2021 to USD 10.96 billion by 2028 at a CAGR of around 6.06% during the forecast period.
Segment Analysis:
By End-Use Type
The medical ultrasound equipment market has been bifurcated into hospital, clinic, and home care. The hospital segment accounted for the largest market share in 2021 and is projected to register significant growth during the review period. The segment growth can be attributed to the presence of the required infrastructure and skilled staff.
By Region
The North American market accounted for the largest market share in 2021 and is projected to grow at a robust CAGR during the review period. This can be attributed to rising healthcare expenditure and early adoption of advanced healthcare technologies in the healthcare industry coupled with the presence of key market players such as General Electric Company (US) and Fujifilm SonoSite (US). The market growth in Asia-Pacific is expected to be driven by the rising number of people suffering from chronic diseases coupled with increasing investment in R&D activities in healthcare.
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Who are the Key Players in the Market?
This report provides market intelligence in the most comprehensive way. It also provides critical insights into the key players active in the market, which will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key players active in the Medical Ultrasound Equipment Market:
Key questions answered by the report
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