As economic conditions stabilize around the world and healthcare expenditures increase, the worldwide market for ultrasound equipment, accessories, and maintenance services could reach $4.7 billion by 2012.
The report from market research firm Marketstrat of Dublin, CA, states that growth in the ultrasound market will be driven by demand for hand-carried ultrasound devices and high-end capital equipment acquisition.
Overall growth in medical imaging will continue due to growing populations of elderly people worldwide, with a concurrent rise in chronic disease rates, which will bring new opportunities for growth and expansion, the study noted.
The global ultrasound market still will face challenges in the near future, however, with sluggish economies in many countries, reimbursement restrictions, and competition from MRI and CT in overlapping clinical applications.
Related Reading
Report: Global ultrasound to grow despite economy, January 30, 2009
Ultrasound market projected to reach $6.2 billion by 2015, October 22, 2008
Chinese ultrasound market poised for growth, October 17, 2008
European cardiologists eye hand-carried ultrasound, May 20, 2008
3D/4D ultrasound prospers in Western Europe, May 20, 2008
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