Ultrasound equipment market to reach USD 12.93B by 2022-28

The ultrasound equipment market size is projected to grow from USD 7.80 billion in 2021 to USD 12.93 billion in 2028 at a CAGR of 7.5% in the 2021-2028 period.This information is provided by Fortune Business Insights™, in its report, titled, “Ultrasound Equipment Market, 2021-2028.”

Industry Development
June 2020: Koninklijke Philips N.V., declared that the healthcare establishments in Japan permitted Lumify, which is its handheld solution. The company further intends to commercialize its great-quality transportable ultrasound device obtainable practically everywhere across Japan.

Market Growth Drivers:

• Few of the prominent market players are accentuating on developing progressive devices and systems incorporated with Artificial Intelligence (AI).
• This incorporation is being advocated to tackle and solve specific restrictions linked with orthodox devices such as long period of time consumed to carry out the investigation, poor image superiority in explicit cases, elevated reliance on operators to procure and deduce images, and so on.
• Therefore, the presentation of innovative systems with artificial imaging by prominent players is anticipated to bolster the Ultrasound Equipment Market growth during the upcoming years.

The outbreak of COVID-19 has had an overall negative effect on the market. The pandemic has produced commotions in the supply chain of medical devices across the globe.

On the contrary, the production capability of some of the players has been influenced owing to the inaccessibility of domestically obtained raw materials or fragments.

Competitive Landscape
GE healthcare controlled the business and was answerable for the most noteworthy piece of the pie in 2020. The control of GE medical care is an outcome of holding a powerful item portfolio and expanding the conveyance organization of the organization, which offers a strategic advantage to the organization.

ist of Key Players Covered in the Ultrasound Equipment Market Report

• GE Healthcare (Chicago, U.S.)
• Koninklijke Philips N.V. (Amsterdam, Netherlands)
• CANON MEDICAL SYSTEMS CORPORATION (Tokyo, Japan)
• Hitachi (Tokyo, Japan)
• Siemens Healthcare (Erlangen, Germany)
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (Shenzhen, China)
• Samsung Medison Co., Ltd. (Suwon-si, South Korea)
• Esaote (Genoa, Italy)

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