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Rapid Adoption of Low-Intensity Ultrasound Therapy in Various Medical Specialties to Fuel Revenue Growth of the Ultrasound Market: Reports and Data

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Reports and Data has recently published its latest report titled “Ultrasound Market By Device Display (Color Ultrasound Devices, Black & White Ultrasound Devices), By Product (Diagnostic, Therapeutic), By Portability (Trolley/Cart, Compact/Handheld, Point-of-care), By Application, By End-use, And By Region Forecast To 2028.”

According to the latest report by Reports and Data, the global ultrasound market size was USD 6,168.2 million in 2020 and is expected to reach USD 9,453.8 million in 2028 and register a revenue CAGR of 5.40% during the forecast period, 2021-2028.

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Drivers, Restraints, and Opportunities

Ultrasound is a non-invasive diagnostic technique that leverages high-energy sound waves to visualize tissue and organs within the body. Ultrasound has revolutionized medical imaging by offering a robust combination of portability, low cost, and convenient usage, and this has made ultrasound imaging an indispensable tool in radiology owing to efficiency to obtain more accurate imaging and enable diagnosis or more efficiently guide a therapeutic intervention. Over the past few decades, the number of ultrasound procedures have increased substantially and technological advancements such smart transducer design and smaller size or miniaturization of devices, lower cost, and novel data processing software have further contributed to its increased adoption. Increasing use of ultrasound both as imaging and therapeutic modality, rising prevalence of chronic diseases and growing awareness regarding benefits of early diagnosis and detection, and increasing application of ultrasound in acute pain medicine are key factors expected to continue to drive market revenue growth over the forecast period.

Ultrasound examination is a widely used technique to confirm the diagnosis of chronic diseases owing to its excellent ability of deep penetration into soft tissue in combination with high spatial resolution. Real-time imaging enables physicians to effectively guide therapeutic procedures and biopsies, which enables better accuracy when deploying procedures. Medical ultrasound is generally the primarily preferred imaging modality owing to cost effectiveness and lack of use of ionizing radiation. Ultrasound waves are produced by the transducer that can both, emit and detect the ultrasound waves and echoes, which generate electric signals that are then sent to the ultrasound scanner. Depending on the speed of sound and time of return of ultrasound echo, the distance between transducer and tissue boundary is calculated by the scanner to generate 2D images of tissues and organs. Ultrasound gel prevents the formation of air pockets between the skin and transducer, which can block ultrasound waves from passing into the body. Diagnostic ultrasound is widely used to obtain pictures/imaging of internal organs and tissue to diagnose causes of pain, swelling and infection, and to examine and assess the growth and development of fetus in pregnant women. Over the recent past, advancements in imaging modalities have expanded applications areas of ultrasound from diagnostics to explore alternative therapies. Ultrasound has been rapidly incorporated in acute pain medicine, regional anesthesia, and interventional pain medicine. This can be attributed to increasing ability to view the targeted structure and visualize distribution of injected medication with a capacity to control its distribution by readjusting position, which further improves accuracy of this procedure. This is expected to further drive market growth over the forecast period.

To identify the key trends in the industry, research study at https://www.reportsanddata.com/report-detail/ultrasound-market

However, high costs associated with maintenance of ultrasound systems, increasing number of product recalls, budget constraints in certain diagnostic centers across the globe, and lack of skilled radiologists and professionals are some key factors expected to hamper market growth to a certain extent over the forecast period. In addition, rising concerns regarding therapeutic applications of ultrasound and limitations of ultrasound in examining certain areas can potentially limit its adoption. The application of contrast agents can, however, overcome these limitations and has expanded its application in unfeasible areas such as molecular imaging and drug delivery and this is expected to open up lucrative opportunities in the market over the coming years.

COVID-19 Impact Analysis

  • Social distancing and restrictions severely disrupted businesses and operations
  • Lockdowns caused disruptions in transportation and logistics
  • impacted manufacturing activities and mining operations globally
  • Took a toll on economy of various countries
  • Caused sudden and drastic downturn in economic activity
  • Disrupted agriculture, fisheries, dairy, and other sectors
  • Caused loss of employment and financial crisis
  • Supply impacts were further compounded owing to reduced disposable income
  • Emergence of variants continue to cause concerns and impact normal routines

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Color Ultrasound Devices to Account for Largest Revenue Share:

Color ultrasound devices segment to account for largest revenue share over the forecast period attributable to increasing adoption of color sonography systems owing to its enhanced ability to offer high-resolution images that helps in detection of problems with blood circulation and disease indications.

Compact/Handheld Segment to Register Robust Revenue CAGR:

Compact/handled segment is expected to register robust revenue CAGR over the forecast period owing to increasing availability of compact ultrasound devices, rapid adoption of portable ultrasound systems in hospitals and diagnostic centers, rising R&D activities to develop advanced and smart devices, and increasing cost-effectiveness and convenience of usage.

North America to Account for a Significantly Large Revenue Share:

North America is expected to account for a significantly large revenue share in the global market over the forecast period attributable to increasing adoption of ultrasound technique for diagnostic imaging and therapeutic applications owing to rising prevalence of chronic diseases, availability of advanced ultrasound devices and state-of-the-art healthcare facilities, favorable reimbursement policies, rising number of FDA approvals, and presence of key medical device manufacturers in the region.

Asia Pacific to Register Fastest Revenue CAGR:

Asia Pacific is expected to register fastest revenue CAGR over the forecast period owing to increasing focus on early diagnosis and detection, rising healthcare expenditure, high incidence of chronic diseases such as musculoskeletal disorders and cancer, among others, rapidly growing network of specialized diagnostic imaging centers, and rising preference for minimally invasive diagnostic and therapeutic procedures.

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Major Companies in the Market Include:

  • GE Healthcare
  • Koninklijke Philips N.V.
  • Canon Medical Systems Corporation
  • Siemens Healthineers AG
  • Samsung Electronics, Ltd.
  • FUJIFILM Holdings Corporation
  • Esaote S.p.A.
  • Mindray Medical International Ltd.
  • Shimadzu Corporation
  • Analogic Corporation
  • Carestream
  • Hologic
  • MobiSante
  • Chison Medical Imaging Co., Ltd.
  • Konica Minolta Inc.
  • Toshiba Corporation

Market Segmentation:

For the purpose of this report, Reports and Data has segmented global ultrasound market based on device display, product type, portability, application, end-use, and region:

Device Display Outlook (Revenue, USD Million, 2018-2028)

  • Color Ultrasound Devices
  • Black & White (B/W) Ultrasound Devices

Product Type Outlook (Revenue, USD Million, 2018-2028)

  • Diagnostic
    • 2D Imaging Systems
    • 3D & 4D Imaging Systems
    • Doppler Imaging
  • Therapeutic
    • High-Intensity Focused Ultrasound (HIFU)
    • Extracorporeal Shockwave Lithotripsy (ESWL)

Portability Outlook (Revenue, USD Million, 2018-2028)

  • Trolley/Cart
  • Compact/Handheld
  • Point-of-care (PoC)

Application Outlook (Revenue, USD Million, 2018-2028)

  • Radiology/General Imaging
  • Obstetrics/Gynecology
  • Cardiology
  • Urology
  • Vascular
  • Others

End-use Outlook (Revenue, USD Million, 2018-2028)

Hospitals, Surgical Centers, and Diagnostic Centers

  • Maternity Centers
  • Ambulatory Care Centers
  • Research and Academia
  • Others
    • Physiotherapy Clinics
    • Independent Associations
    • Government Organizations
    • Sports Academies

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Regional Outlook (Revenue, USD Million, 2018-2028)

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Sweden
    • BENELUX
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Rest of LATAM
  • Middle East & Africa
    • Saudi Arabia
    • U.A.E.
    • South Africa
    • Israel
    • Rest of MEA

Some points on how the report benefits stakeholders:

  • The reports include historical (2018–2020) and forecast (2021–2028) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
  • Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2018 and 2028.
  • The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
  • The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
  • Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
  • The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.

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Artificial Intelligence

Reliance Cyber and Google Cloud Security unite to transform cybersecurity for UK businesses

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LONDON, May 28, 2024 /PRNewswire/ — Leading Managed Security Service Provider (MSSP), Reliance Cyber has been selected as one of only four MSSPs to partner with Google Cloud Security (GCS). This collaboration is set to make cybersecurity more effective and less complicated for businesses throughout the UK and Ireland.

Why this matters:In today’s complex security environment, businesses face a multitude of challenges, including escalating cyberattacks, an overwhelming number of security alerts, rising cybersecurity costs, and a critical shortage of skilled professionals. The partnership between Reliance Cyber and Google Cloud Security provides organisations with improved security postures through insightful, data-driven analytics, which underpin Reliance Cyber’s XDR service. For businesses facing diverse economic, social, and technological changes—such as the ongoing impacts of COVID-19, the transition to hybrid and remote work, rapid technological advancements like AI, and budget pressures from the cost of living crisis—this partnership represents a significant step forward. It enhances cybersecurity without the usual challenges of high costs, complexity, or the need for specialised staff. It’s about making world-class security simple and available to a wider audience.
What’s changing:
Support for growth: The partnership will expand the reach of state-of-the-art security services to more businesses, helping to protect organisations without the stress of financial and operational barriersEnhanced visibility, lower costs: Leveraging Google’s SOAR capabilities and Chronicle’s powerful telemetry, Reliance Cyber’s tailored ingestion approach means organisations can achieve enhanced visibility across their digital environments at a reduced cost. This approach enables proactive prevention and detection of threats, ensuring better security with less expenditure.Key benefits of the strategic partnership include:
AI and automation: Automation is at the core of Reliance Cyber’s offering. Every alert is enriched with threat intel from leading vendors, automatically correlated, and grouped into cases, reducing mean time to detect (MTTD) and mean time to respond (MTTR). Google’s additions enhance this with lower data ingestion costs, superior threat intelligence, curated detections, and advanced anomaly detection using machine learningSimplified security operations to support staff: Integration of Google Cloud’s SOAR capabilities simplifies the security management landscape, allowing CISOs to focus on strategic planning rather than daily operational hurdlesScalable security for business growth: The partnership supports business expansion strategies by providing scalable security solutions that grow with the company, crucial for organisations driving technological advancementData-driven insights for better decision-making: Boards will gain unparalleled visibility into their digital environments, fostering smarter, faster decision-making to preemptively address potential security threats.Rob Walton, Chief Revenue Officer at Reliance Cyber, on the transformative impact: “We’re thrilled to partner with Google Cloud Security. This partnership aligns perfectly with our mission to deliver comprehensive, advanced security services to the market, making top-level security accessible and manageable for businesses of all sizes. Ultimately, it’s about creating predictability and peace of mind in an area that can often cause businesses and their boards sleepless nights, particularly due to concerns about attacks and the financial constraints that dictate risk appetites.”
Do you want more coverage, at less cost, with zero compromises? 
Enquire about a proof of concept. Visit: https://eu1.hubs.ly/H09bKtG0.
About Reliance Cyber
Since our founding in 2003, Reliance Cyber has established itself as a leading Managed Security Service Provider (MSSP). By combining deep cybersecurity expertise with a true partnership ethos, we enable organisations to concentrate on their core business.
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Artificial Intelligence

Eficode acquires Jodocus and reinforces Atlassian Cloud skills and Atlassian partnership in Germany

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HELSINKI, May 28, 2024 /PRNewswire/ — Eficode has acquired Jodocus, the first cloud-native Atlassian Platinum partner in Germany. This acquisition further reinforces Eficode’s role as an Atlassian partner in Germany and expands its skills and services in Atlassian Cloud.

“Atlassian is moving to the Cloud, and the related know-how is essential to speed up this transition. Jodocus was originally the first Atlassian partner in Germany to focus fully on the Cloud. Their broad expertise in Atlassian tools and cloud migrations helps our customers in their journey to the cloud and complements our mission to build the future of software development,” says Ilari Nurmi, CEO of Eficode. “We welcome Jodocus’ employees and customers to Eficode.”
Founded in 2019, Jodocus is an Atlassian Platinum Solution Partner with extensive expertise in Atlassian Cloud. In addition to focusing on the Cloud, the Jodocus team offers support on business processes, Application Lifecycle Management, and DevOps. Their customer base is in Germany, with well-known names such as Otto Group and Fricke. Jodocus has 45 employees, and its revenue in 2023 was 11,5 million euros. “Together, Eficode and Jodocus will form a more significant entity and have even more international customers, which opens possibilities for deepening and broadening our relationship with our customers,” says Werner Krandick, CEO of Jodocus.
Eficode has enabled countless businesses with DevOps and digital transformation to adopt new technologies and practices to create software better. Its full spectrum of digital services can now be extended also to Jodocus’ customers. Eficode ROOT provides software development tools as a managed service in a Software-as-a-Service manner. In turn, with Total Support, we manage the tools and offer support, coaching, and mentoring for Atlassian solutions as a subscription.
In recent years, Eficode has grown strongly both organically and through acquisitions. Eficode’s compound annual growth (CAGR) during the previous four fiscal years has been 70%.
Media contactsIlari Nurmi, Chief Executive Officer, Eficode. [email protected], +358 40 577 5084 Lauri Palokangas, Chief Marketing Officer, Eficode. [email protected], +358 50 486 4918 
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/eficode-oy/r/eficode-acquires-jodocus-and-reinforces-atlassian-cloud-skills-and-atlassian-partnership-in-germany,c3988509
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Artificial Intelligence

New first of its kind UK legal-tech recruitment platform aims to put an end to overseas worker scams

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Unique UK-based legal technology platform, Immpact, helps unite the global talent market to fulfil UK skills shortages across healthcare, construction, engineering, life sciences and hospitality Immpact directly connects employers, recruiters and regulated legal experts with pre-qualified global talent – and aims to help eradicate profiteering job scammersREADING, England, May 28, 2024 /PRNewswire/ — A unique new legal-tech recruitment platform has launched in the UK to help put an end to overseas worker scams and directly connect UK employers and recruiters with pre-qualified overseas global talent. Immpact will help fulfil acute skills shortages across sectors including healthcare, construction, engineering, life sciences and hospitality, while ensuring full legal Home Office compliance.

The launch of Immpact follows over two years of advanced legal-tech development. Using the immigration law expertise of Founder and Managing Director, Jonathan Beech, and his team of specialists, the platform will help unite a previously disconnected global talent market with under-resourced UK employers and transform global workplace migration. Immpact has also been developed through discussions with hundreds of employers, industry bodies and overseas talent.
With job scams – from fake jobs to illegal fees for sponsor licences – ongoing, particularly in the social and healthcare sector, Immpact will ensure only pre-qualified talent, employers and recruitment firms are placed on its platform following stringent multi-layer checks. This will ensure that all jobs and talent are qualified and genuine along with thoroughly regulated employers and recruiters, to provide a global marketplace for talent.
Jonathan Beech, Founder and Managing Director of Immpact, said: “Through my existing business running Migrate UK, I’m acutely aware of the issues that UK employers and recruiters are having in trying to fulfil talent shortages across sectors such as care, healthcare and life sciences. I also regularly hear terrible stories of genuine overseas job hunters being ripped off in their home countries or the UK by job scammers, often running to thousands of pounds.
“I knew there had to be a better way to match pre-qualified overseas talent with genuine work opportunities and responsible UK employers – effectively a ‘talent’ match-making site which is designed to eradicate scammers to provide a global, trusted marketplace for talent.”
Following the latest government immigration rule changes, overseas recruitment costs are continuing to rise for businesses struggling with talent shortages. From 4 April 2024, the minimum salary for entering the new skilled visa worker route for the first time increased by 48%, from £26,200 to £38,700 a year. There are different rates for those already holding a skilled worker certificate of sponsorship prior to this date and discounts are available for key shortage roles on the Immigration Salary List (ISL).
Immpact will benefit employers and recruiters by saving them time and money. Working with recruitment experts to analyse existing overseas recruitment workflows, Immpact has calculated that it will save 50% of the time involved in managing overseas recruitment, helping to cut down the time-consuming filtering of applications traditionally needed.
For employers traditionally looking to recruit overseas applicants, previous data from industry recruitment software specialists show that 30% of overseas applications are rejected as they do not have the right to work, while 64% are rejected due to CVs being unclear or requirements not being met. This leaves just 6% of applications remaining, which results in about 2% then being interviewed. Immpact will automatically present only suitable pre-qualified applications to employers or recruiters, eradicating wasted time on unsuitable or unqualified applicants.
Beech continues: “Following thousands of hours of development and utilising the latest advanced technology which can adapt to evolving Home Office requirements and procedures, we’re proud to launch Immpact. Our unique new platform takes care of the entire process – from pre-qualifying processes, searching and shortlisting, down to arranging interviews, successful appointments, onboarding, the provision of regular content and guidance, and access to regulated immigration legal professionals.
“Our new technology will transform global migration for both UK organisations and businesses struggling to recruit and global talent looking to work in the UK. Immpact has been thoroughly tested at every stage and is both user-friendly and, crucially, compliant, so qualified overseas applicants and UK employers and recruiters can be confident that only genuine UK jobs and overseas applicants match and proceed. Quite simply, we want Immpact to simplify the whole migration process by putting the right talent in the right place at the right time, and for UK employers to fulfil critical talent shortages which will help them not only survive, but thrive.”
The platform has a free trial or low-cost subscriber options for search-matching and more for employers and recruiters. For talent, the platform has zero costs for creating a profile, using the pre-qualifying tools or searching for opportunities. For further information visit www.immpact.ai.
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