Ultrasound image analysis software is increasingly used in the present scenario owing to high demand for 3D&4D medical imaging in the developed as well as developing economies. A significant rise in government funding and investments across a wide array of healthcare services is anticipated to present the market with potential growth opportunities. In addition, growing acceptance amongst surgeons and radiologists toward these tools is also predicted to be one of the prominent growth contributing factors for the market. Moreover, increasing usage of these software, specifically in oncology and cardiology applications is responsible for widened scope for the growth.
The growing prevalence of chronic diseases is a high impact rendering growth driver for the ultrasound image analysis software market. The increasing prevalence is presumed to be driving the clinical urgency to adopt ultrasound image analysis software in order to improve the existing poor patient diagnostic imaging measures and reduce long-term cost associated with the conventional diagnostics.
In addition, a widening geriatric population base, possessing high susceptibility toward development of chronic diseases is expected to upsurge the demand for ultrasound image analysis software in the future. According to a research published in Medscape, chronic diseases, which predominantly include cardiovascular diseases, are responsible for high mortality rate in the U.S. Consequentially; presence of these highly prevalent cardiovascular diseases raises the demand to utilize advanced diagnostic and imaging alternatives. The aforementioned factor is anticipated to widen the potential for growth throughout the forecast period.
3D ultrasound imaging software analysis is emerging at a fast rate in the field of obstetrics and gynecology. An added feature of 3D imaging technology is that it provides clearer images of the baby, which helps enhance the psychological bonding between the mother and the child. 3D ultrasound imaging technology has a great potential in R&D in the field of fetal embryology; however, most of the diagnosis is conducted with 2D technology as recommended by the experts.
In the field of gynecology, ultrasound imaging helps in the visualization of female pelvic organs, including uterus, ovaries, bladder, and others. It enables detection of ovarian torsion and helps with diagnostic capability to identify pelvic inflammatory diseases. Ultrasound imaging software for obstetrics and gynecology helps provide software tools for efficient ultrasound image storage and Picture Archiving and Communication System (PACS) integration. ViewPoint 6 for OB/GYN, by GE Healthcare, is an ultrasound software solution designed to analyze images of obstetrics and gynecology medical examinations.
The key participants are employing sustainability strategies to gain competitive advantage. For instance, in May 2015, GE Healthcare collaborated with OneMedNet Corporation to expand medical image sharing solutions such as web-based sharing.
The Global Ultrasound Device Market was worth USD 6.9 billion in 2015.
Chief market drivers are increasing incidences of chronic and hypertension related disorders.Ultrasound technology is used to treat prostate cancer and kidney stones.
It is the most preferred mode of fetal screening across the globe.
Trials are underway to find novel applications like detecting breast fibroadenoma and uterine fibroids.
This coupled with escalating public-private investments would create opportunities for ultrasound devices.The market is segmented as per products, portability, and regions.
They accounted for the largest market share in 2015 due to a variety of applications in radiology, obstetrics, and oncology.
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The wired nurse call systems segment accounted for more than four-sevenths share of the total market in 2016.Click Here To Access The Sample Report @ https://www.alliedmarketresearch.com/request-sample/2393Nurse call system is a type of alarm system used in hospitals for alerting nurses in case a patient needs assistance.
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In addition, constant technological developments, large pool of geriatric population, rise in incidence & prevalence of chronic diseases, and increase in government healthcare expenditure globally drive the market growth.
However, stringent government regulations are expected to restrain the market growth during the forecast period.Based on technology, the wired systems market segment held the highest share in 2016, owing to the less complexity, high reliability to setup wired nurse call systems, and low maintenance compared to wireless nurse call systems.Based on equipment, the integration communication systems held the highest market share in 2016, owing to the increasing investments in hospitals and advance technology; however, mobile systems are easy to use and are more preferred by consumers and have witnessed the highest CAGR.Based on application, the emergency medical alarms segment contributes to the highest market share in 2016, owing to the quick response assistance in case of emergency.Based on end-users, the hospitals segment accounted for the highest market share in 2016, owing to the increase in number of hospitals worldwide and rise in government expenditure in healthcare sectors.North America accounted for more than two-fifths share in 2016, and is expected to dominate the market throughout the forecast period and is attributed to increase in incidence of chronic diseases due to rise in geriatric population and well-established healthcare systems.
In addition, lucrative growth opportunities in the emerging countries is anticipated to provide new growth opportunities for the key players in the market.
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