Global Medical Ultrasound Equipment Market to Reach US$6.9 Billion by 2017, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Medical Ultrasound Equipment markets. The global market for Medical Ultrasound Equipment is projected to reach US$6.9 billion by the year 2017, driven by applications in new segments, such as administration of emergency medicine and introduction of portable, hand-held ultrasound devices. While demand for ultrasound equipment from developed regions is primarily expected to emanate from replacement demand, strong economic growth and increasing healthcare spending in developing markets are expected to fuel demand for new equipment.

Medical Ultrasound Equipment: A Global Strategic Business Report

Follow us on LinkedIn – Since its introduction in the early 1950s, the medical ultrasound has engulfed a major share of the medical imaging market next to X-Ray. After the slack of early 90s, the ultrasound equipment market improved significantly in late 1990s, due to the advancement in new technologies such as 3-D and 4-D, which led to the development of innovative equipment offering better image quality, and improved clinical outcomes. Today, ultrasound systems are ubiquitous, found commonly in the medical establishments of surgeons, obstetricians, cardiologists, and others. Demand for medical ultrasound equipment is spurred by expanding clinical utility, availability of high quality solutions, prompt maintenance and repair services. Despite the global recession, innovations in the ultrasound market continued ceaselessly led by increased demand for advanced, high-end ultrasound equipment from healthcare facilities seeking to deliver improved patient care. Compact ultrasound machines and hand-held systems are recording rapid growth in sales, creating a wider consumer base for low end equipment. In addition, refurbishers are also experiencing increased demand from general practices, pain management offices and sports rehabilitation units, apart from hospitals.

As stated by the new market research report on Medical Ultrasound Equipment, the US continues to remain the single largest regional market. The market for handheld ultrasound systems in the US is expected to flourish in the wake of technological developments as well as enhancements in 3D and 4D carried out by leading equipment producers such as GE, Siemens and SonoSite. Growing penetration of hand carried systems as well as the usage of ultrasound equipment in field of emergency medicine is expected to promote growth in the US market.

Asia-Pacific constitutes the fastest growing regional market with a CAGR of 9.4% over the analysis period. Demand for new ultrasound equipment from developed regions is primarily expected to emanate from replacement demand, while strong economic growth and increasing healthcare spending in emerging regions are expected to fuel demand for new equipment in these markets. Radiology represents the largest end-use segment of the global medical ultrasound market, while Cardiology segment is forecast to grow at the fastest compounded annual rate over the review period. The ultrasound technology is witnessing advancements in the areas of guided procedures, vascular access, preventive medicine and ultrasound–guided fine needle aspiration. On the other hand, 4-D and 3-D ultrasound technology is well established among women’s healthcare providers and is also making a gradual entry into radiology.

Major players in the marketplace include B-K Medical, Esaote SPA, GE Healthcare, Hitachi Medical Systems America, Hitachi-Aloka Medical, Ltd., Samsung Medison Co., Ltd., Philips Healthcare, Siemens Healthcare, SonoSite Inc., TomTec Imaging Systems GmbH, and Toshiba Medical Systems Corporation.

The research report titled "Medical Ultrasound Equipment: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections (US$ Million) across geographic markets such as the US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. End-use application areas analyzed include Radiology, Cardiology, Obstetrics/Gynecology, Vascular, and Others.

For more details about this comprehensive market research report, please visit – http://www.strategyr.com/Medical_Ultrasound_Equipment_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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