The US Continues to be Largest Market for Ultrasound Systems
The US was the largest market for ultrasound systems in 2012, when it was valued at $1.5 billion. The US market, which accounted for 33% of global revenue in 2011, is highly penetrated and is primarily a replacement market for ultrasound systems. An increasing number of applications, and the adoption of fusion technologies such as Magnetic Resonance Imaging (MRI) guided High Intensity Focused Ultrasound (HIFU), are also expected to be major drivers for future growth.
Technological Advancement, Increased Applications and Device Portability to Drive Future Growth
Technological advancement, an increased number of applications and portability of ultrasound systems are expected to drive future growth. Technological advancements such as 3D/4D imaging, contrast imaging, directional flow imaging, and software applications provide benefits such as enhanced image quality, real time diagnosis, and improved examination of patient. An increasing number of applications such as electrograph, Endoscopic Bronchial Ultrasound (EBUS) and Endoscopic Ultrasound (EUS) due to improved portability are other drivers for future growth.
GBI Research’s “Ultrasound Systems Market to 2019 – Technological advancements, Wide Applications and Device Portability to Drive Future Growth” report examines the market, competitive landscape, and trends for the following two ultrasound systems market segments: color doppler ultrasound systems and B/W ultrasound systems. According to the report, the global ultrasound systems market was valued at $4.6 billion in 2012 and is forecast to increase at a Compound Annual Growth Rate (CAGR) of 7%. The future growth of the market is expected to be driven by technological advancements, the development of new imaging technologies such as 3D and 4D ultrasound imaging, an increased number of applications for ultrasound systems, and the penetration of portable and color doppler ultrasound systems into the market. The unfavorable reimbursement scenario in developed economies such as the US and Europe is expected to have a negative impact upon demand during the forecast period.
Report Price: $3500