Ultrasound Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2017
Albany, New York, USA (PRWEB) February 14, 2014
According to a new market report published by Transparency Market Research " Ultrasound Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2012 - 2017" the global bone densitometers market was valued at USD 777.9 million in 2012 and is expected to grow at a CAGR of 3.3% from 2013 to 2019, to reach an estimated value of USD 908.5 million in 2019.
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Rise in the number of people suffering from chronic diseases is driving the demand for early diagnosis of disease, which is done through ultrasound. One of the primary applications of ultrasound is to produce images of human fetuses. The ultrasound market is expected to be at USD 4,817.8 million in 2012, which will reach USD 6,114.8 in 2017 at an estimated CAGR of 4.9% from 2012 to 2017.
The Americas had the largest share in the ultrasound market, accounting for 38.5% in 2011 due to technological developments in ultrasound giving accurate results. The Americas will lead the market for gynecology ultrasound for the next five years.
Asia and countries of RoW such as South Africa and Egypt will exhibit the highest growth rate in the near future. Technological innovations in ultrasound are in an evolution phase in RoW. Rise in R&D investment by key players of healthcare and growth in medical tourism driven by low cost of healthcare services and investment of foreign players in the healthcare sector can enhance the ultrasound industry in RoW.
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