Ultrasound medical devices market to grow at a CAGR of 6.2% to 2017

Press Release   •   Jul 04, 2012 16:00 BST

The global ultrasound medical devices market is predicted to grow at a compound annual growth rate (CAGR) of 6.2% through 2011 to 2017. With a current estimated market value of $5.6 billion, the ultrasound medical devices market is expected to reach a value of $8.1 billion come 2017.

The ultrasound medical devices market consists of devices that involve the projection of cyclic sound waves ranging between 20 KHz - 10 MHz. These waves create varying pressures on biological tissues, based on the level of frequencies used. Ultrasound has the ability to raise the temperature of a substance when directed in focused waves, and thus also finds therapeutic applications.

The most significant growth for the specialties segment was seen in emergency medicine, anesthesiology and musculoskeletal applications. The demand for point-of-care diagnostics has driven the ultrasound medical devices market for the last 5 years and is expected to be a prime driver for the forecast period.

Cart-based systems command the largest share of ultrasound systems and are predicted to remain so for the coming decade. Devices such as Vscan (GE Healthcare), Acuson p10 (Siemens) and by other key players such as Mobisante (US) are expected to propel the growth of the hand-held segment of the ultrasound medical devices market.

For more information on the ultrasound medical devices market, see the latest research: Ultrasound Medical Devices Market Report

Follow us on Twitter @CandMResearch issues news updates and report summaries covering all major industries and sectors. The service provides additional client monitoring and timely alerts to breaking industry and sector news leading the day's business headlines. News articles, written by our staff, contain additional analyst insight, providing value added insight for our readers. News updates and real-time alerts on newly-released market reports are also available from our Facebook page, Twitter feed @CandMResearch and RSS links. We also welcome inquiries from business journalists and the news media.