The global ultrasound device market is expected to reach $10.5 billion by 2022, with diagnostic ultrasound as the highest revenue-generating segment, according to a new report by Allied Market Research.
In 2015, Europe accounted for the majority of the overall share of the market. 2D systems were the leading segment, making up almost half of the overall market's revenue; this segment is expected to increase at a compound annual growth rate of 3.3% through 2022. High-intensity focused ultrasound will grow at a rate of 22.5% per year, according to the firm.
Factors contributing to market growth include technological advancements such as 3D and 4D ultrasound, new areas of application, and an increase in diagnostic imaging procedures, the company said.
