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
Used in radiology, cardiology, OB/GYN, and emerging markets, ultrasound is a popular noninvasive diagnostic imaging modality that requires minimal patient preparation. Ultrasound imaging is based on the transmission and receipt of sound waves. Each type of human tissue produces a unique pattern, which in turn is transformed into live images. Although unable to penetrate bone, ultrasound is useful in imaging soft tissues and fluid-filled spaces.
About Millennium Research Group
Millennium Research Group (http://www.MRG.net), a Decision Resources,
Inc. company (http://www.DecisionResources.com), is the global authority on
medical technology market intelligence and a leading provider of strategic
information to the health care sector. Focused solely on the medical
device, pharmaceutical, and biotechnology industries, the company provides
its clients with the benefits of its specialized industry expertise through
published reports and customized consulting services.
All company, brand, or product names contained in this document may be
trademarks or registered trademarks of their respective holders.
For more information, contact:
Millennium Research Group
|SOURCE Millennium Research Group|
Copyright©2008 PR Newswire.
All rights reserved