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Ultrasound Devices Market Value To Cross $1,112 Million by 2023 | Top Companies and Industry Growth Insights

The adoption of ultrasound devices is expected to be significant for pediatric radiology investigations during the forecast period, owing to their features such as non-invasive nature and non-emission of radiation.

Ultrasound Devices Market
Ultrasound Devices Market

According to a new report published by Allied Market Research, titled, Ultrasound Devices Market for Pediatric Radiology by Age Group, Portability, and Price: Global Opportunity Analysis and Industry Forecast, 2016-2023, the global ultrasound devices market for pediatric radiology was valued at $662 million in 2016, and is projected to reach $1,112 million by 2023, registering a CAGR of 7.6% from 2016 to 2023. The newborn segment held nearly one-third share of the global market in 2016.

The global ultrasound market for pediatric radiology is driven by increase in incidence of various diseases among the pediatric population, worldwide, which require the use of ultrasound devices for diagnostic and therapeutic purposes. In addition, factors such as growing demand for pediatric radiology procedures in the emerging markets and rapid IT integration in radiology for accurate diagnosis are expected to boost the ultrasound devices market for pediatric radiology. However, plummeting reimbursement rates for ultrasound procedures and dearth of skilled and experienced radiologists are expected to hamper the market growth.

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COVID-19 Impact Analysis:

1) The COVID-19 impact on the Ultrasound Devices Market is unpredictable and is expected to remain in force till the fourth quarter of 2021.

2) The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned import-export of nonessential items for most of 2021. This led to sudden fall in the availability of important raw materials.

3) Moreover, nationwide lockdowns forced manufacturing facilities to partially or completely shut their operations.

4) Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of reliable and innovative drone analytics systems globally.

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Key Benefits for Stakeholders

  • This report entails a detailed quantitative analysis along with the current global Ultrasound Devices Market trends from 2016 to 2023 to identify the prevailing opportunities along with the strategic assessment.
  • The Ultrasound Devices Market forecast is studied from 2016 to 2023.
  • The Ultrasound Devices Market size and estimations are based on a comprehensive analysis of key developments in the endoscopic retrograde cholangiopancreatography industry.
  • A qualitative analysis based on innovative products facilitates strategic business planning.
  • The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the Ultrasound Devices Market.

🎅🎄(𝑪𝒉𝒓𝒊𝒔𝒕𝒎𝒂𝒔 𝒂𝒏𝒅 𝑵𝒆𝒘 𝒚𝒆𝒂𝒓 𝒔𝒂𝒍𝒆 𝑼𝒑 𝒕𝒐 25% 𝒅𝒊𝒔𝒄𝒐𝒖𝒏𝒕 𝙩𝒊𝒍𝒍 15 𝑱𝒂𝒏𝒖𝒂𝒓𝒚 2022)🎄🎅

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The Major Key Players Are:

The major companies profiled in the report include Analogic Corporation, Esaote SpA, Fujifilm Corporation, General Electric Company, Hitachi, Ltd., Koninklijke Philips N.V., Mindray Medical International Limited, Samsung Medison Co. Ltd, Siemens AG, and Toshiba Corporation.

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About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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