GE Healthcare, Siemens Healthcare and Philips Healthcare dominate global ultrasound market

According to a research report published by Research and Markets, GE Healthcare, Siemens Healthcare, and Philips Healthcare are the leaders of the global ultrasound market. The market is poised to grow at a CAGR of 5% over 2015-2021. Factors responsible for the growth of the market include increasing number of cancer patients resulting in a huge demand for the ultrasound systems, rising cardio-vascular diseases and lifestyle diseases, extensive use of ultrasound systems to monitor the growth of a baby during pregnancy and innovations such as 3D and 4D imaging. However, reimbursement policies in emerging markets, high prices and unavailability of reimbursements are limiting the growth of the market. Currently, Europe is the market leader in terms of geography, followed by North America, Asia Pacific, and the rest of the world. However, the Asia Pacific market has reported the fastest market growth and is expected to grow at a CAGR of 6% over the forecast period. Analogic Corporation, Esaote, Fujifilm Holdings, Hitachi Medical, Mindray Medical, Samsung, Medison and some other players follow GE Healthcare, Philips Healthcare, and Siemens Healthcare in international ultrasound market.