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Emerging Ultrasound Market to Grow Rapidly Over Next Five Years
Date:4/23/2008

Compact ultrasound systems will drive emerging market to over $300 million

in 2012, according to Millennium Research Group

WALTHAM, Mass., April 23 /PRNewswire/ -- According to Millennium Research Group's US Markets for Ultrasound Systems 2008 report, the emerging ultrasound market will experience rapid growth over the next five years. Increasing at a compound annual growth rate of over 15% from 2007 to 2012, this market, composed of ultrasound systems used for regional anesthesia, emergency medicine, surgery, and critical care, will exceed $306 million by 2012 (excluding upgrade and service revenues).

The affordability and improving performance of compact systems have made ultrasound increasingly popular in nontraditional environments such as critical care units. Compact systems weigh 15 pounds or less, providing convenience and mobility to physicians. Manufacturers of these systems have fostered growth in emerging markets by tailoring new compact systems to include specific applications that ease system operation for health care providers who are inexperienced with ultrasound.

"Compact systems can be carried conveniently when patient mobility is an issue, and take up little space in environments where space is at a premium," says Robert Mak, Analyst at Millennium Research Group. "These attributes make them invaluable to critical care units and emergency medicine environments, where rapid diagnoses are sometimes essential."

The US Markets for Ultrasound Systems 2008 report not only covers the emerging ultrasound market, but also the cardiology, radiology, women's health, and ultrasound contrast agent markets. Industry competitors include ALOKA, B-K Medical, Biosound Esaote, Fukuda Denshi, GE Healthcare, Hitachi Medical Systems, Medison America, Philips Healthcare, Shimadzu, Siemens Healthcare, SonoSite, Terason, Toshiba America Medical Systems, U-Systems, Ultrasonix Medical, and ZONARE Medical Systems

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SOURCE Millennium Research Group
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