World Ultrasound Market Expects Steady Increases Surpassing $4.5 Billion by 2010
October 27, 2006 Health News(PRLEAP.COM) New York, October 27, 2006 — Remaining the most versatile cross-sectional imaging modality in the medical marketplace due to its real-time nature and multiplanar capabilities, the world market for medical ultrasound systems is expected to continue its current growth spurt, growing from $3.97 billion this year to more than $4.5 billion by 2010.
According to Medical Imaging Markets, Volume III: Ultrasound, a new market research study from Kalorama Information, the ultrasound market is expected to maintain a 3% to 4% annual growth rate over the next few years, with growth in Asian countries expected to keep pace with the rest of the world, thanks to strong economies in China and Korea. Premium and high-end systems combine to make up half of the U.S. market, and low-end systems, including hand-held units, should experience aggressive growth worldwide.
Widely used in obstetrics and gynecology, ultrasound is also increasingly used for cancer screening, cardiology, and urological imaging. The new study reports that key growth areas include mobile diagnostics; visual assistance procedures—using ultrasound to guide medical interventions such as biopsies or line insertions; and use of ultrasound in routine physical examinations to screen for early detection of disease. Moreover, hand-carried ultrasound imaging systems have opened up new application areas such as emergency medicine and anesthesiology.
“Advanced technologies, including real-time 3D or 4D imaging, Doppler technology, and contrasting agents, are expanding the applications for ultrasound and will help drive future global purchases,” notes Joseph Constance, the report’s author. “At the same time, future growth will come from emerging markets in countries where the market is still untapped.”
This third volume in Kalorama Information’s ongoing series on medical imaging examines the market for ultrasound equipment worldwide, reviews the nature and direction of research in the market, and provides an outlook for future markets.
Medical Imaging Markets, Volume III: Ultrasound also includes revenue forecasts by geographic region, market share of leading competitors with in-depth company profiles, imaging procedure forecasts, and more. It can be purchased directly from Kalorama Information by clicking http://www.kaloramainformation.com/pub/1190871.html. It is also available at MarketResearch.com.
About Kalorama Information
Kalorama Information, a division of MarketResearch.com, supplies the latest in independent market research for the life sciences. For more information, contact Tom Ehart at 240-747-3014 or firstname.lastname@example.org, or visit www.KaloramaInformation.com.