By AuntMinnie.com staff writers

May 17, 2016 -- The global portable ultrasound device market produced $1.39 billion U.S. (1.23 billion euros) in revenues in 2015 and is expected to grow at a compound annual growth rate (CAGR) of 8.8% from 2016 to 2022, according to a new report by P&S Market Research.

Growth is being driven by higher healthcare expenditures, a growing geriatric population, the increasing prevalence of chronic diseases, and improving healthcare infrastructure in developing countries, according to the company. On the downside, market growth is being held back by the stringent regulatory requirements for approval of portable ultrasound devices, P&S said.

The handheld portable ultrasound device segment is expected to be the fastest-growing market niche, increasing at a 13.1% CAGR over the study period. On a geographic basis, Europe dominated the global market for portable ultrasound devices in 2015, the company said. However, P&S projects that the Asia-Pacific sector will grow at the fastest rate, at a 9.5% CAGR from 2016 to 2022.

Global ultrasound to grow 5.5% through 2022
The global ultrasound market is expected to grow at a compound annual growth rate of 5.5% from 2016 to 2022, according to P&S Market Research.
MRI market projected for healthy growth
The global MRI market produced $5.4 billion (4.6 billion euros) in revenues in 2015 and will grow at a 5% compound annual growth rate (CAGR) from 2016...
Global ultrasound market to top $11B by 2024
The global market for ultrasound devices is expected to reach $11.1 billion (9.64 billion euros) by 2024, according to a new report from Grand View Research.
Positive outlook predicted for global x-ray market
Escalating healthcare spending and a growing geriatric population will fuel growth in the global x-ray market over the next six years.
Global ultrasound market set to reach $11B by 2023
The global ultrasound devices market is set to expand at a compound annual growth rate of 5.8% from 2015 to 2023 to reach $11 billion U.S. (9.82 billion...

Copyright © 2016 AuntMinnie.com

Last Updated np 5/17/2016 9:56:29 AM