Emerging Ultrasound Market to Grow Rapidly Over Next Five Years

April 23, 2008—Waltham, Massachusetts—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.

source: Millenium Research Group