Industry and competitive analysis

Rivalry In the traditional economic model, competition among rival firms drives profits to zero. But competition is not perfect and firms are not unsophisticated passive price takers.

Industry and competitive analysis

Rising chronic disease incidence along with growing Industry and competitive analysis population pool will drive market growth.

Think 2019

Lower cost and safety associated with the technology has made it attractive in healthcare settings catering to the elderly. Increasing birth rate in certain countries serves as a high impact rendering factor.

During the pregnancy period, healthcare practitioners recommend women to undergo ultrasound scan to check the form of the baby inside the womb. Technological advancements such as improvement in image quality, miniaturization of equipment, inclusion of more clinical applications and introduction of wireless transducers will spur demand over the forecast years.

However, scarcity of skilled professionals required for operating ultrasound scanners restrains industry expansion as it results in device under-utilization and increased patient waiting period.

Diagnostic Ultrasound Market, By Technology Demand for devices with 3D and 4D technology will grow at a rapid rate over the forecast timeframe. The decreased patient waiting time achieved using this technology because of its faster scan time and the ability to reveal abnormality not seen in conventional 2D scans are the prime factors stimulating demand.

Furthermore, 3D and 4D scan provide a better anatomical view as compared to the traditional 2D technology and lead to complete examination through increased perspective from volume data.

Diagnostic Ultrasound Market, By Portability Compact or handheld diagnostic ultrasound systems are poised to witness fastest growth over the forecast years. These devices enable medical professionals to bring the point of care to the patients rather than taking the patients to the scanner leading to higher patient convenience.

Trolley diagnostic ultrasound systems held significant industry share. Advantages of these devices over compact systems such as better image quality, enhanced interface and more features coupled with longer product lifespan fuel segment growth. However, high cost of these devices coupled with need for larger space hampers adoption.

Benefit of ultrasound scans in reducing maternal and fetal morbidity and mortality will propel industry growth. The most important application of the technique is in estimation of fetal maturity, preoperative diagnosis of hydatidiform mole and localization of placenta.

General imaging segment will grow at rapid rate owing to increasing use of ultrasound for abdominal and musculoskeletal applications. Diagnostic Ultrasound Market, By End use Among the end-users of ultrasound systems, maternity centers will contribute significantly to the industry growth over the forecast years due to increasing number of births in this setting.

Factors such as insurance coverage, reduced length of stay and lower delivery costs as compared to traditional hospitals are increasing number of deliveries in these centers.

Hospital end-user market segment held significant industry share in owing to high number of patients undergoing scans for various orthopedic, abdominal, vascular and cardiac ailments.

Diagnostic Ultrasound Market, By Region India diagnostic ultrasound market is poised to grow at a rapid rate owing to expansion of public hospitals, diagnostic centers and private clinics especially in sub-urban areas. Presence of large patient pool suffering from chronic diseases will further spur demand.

UK diagnostic ultrasound market should grow at a lucrative rate over the forecast period. Increasing pressure to expand hospital ultrasound department capacity with the introduction of new equipment and staff to meet increasing demand will drive industry growth.

Industry and competitive analysis

The industry players adopt various strategies such as increasing product portfolio and sales focus, acquisitions and collaborations to capitalize on market opportunity.Competitive analysis is the process of analyzing your competitors, which are the people you’re trying to run against in specific markets.

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BizMiner industry reports track 9, lines of business at local and national levels. Access industry financial analysis and industry market analysis. The competitive analysis is a statement of the business strategy and how it relates to the competition.

The purpose of the competitive analysis is to determine the strengths and weaknesses of the.

Industry and competitive analysis

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Industry Handbook: Porter's 5 Forces Analysis