The global ultrasound systems market to be worth almost $11.2bn by 2022

Wednesday 25 April 2012, Amsterdam

A new report predicts the global ultrasound systems market to be worth almost $11.2bn by 2022. The market generated $4.0bn in 2010 according Ultrasound Systems: Global Market Outlook 2012-2022 published in April 2012.

The market will be driven primarily by the emerging BRIC economies. China and India will see the most significant growth over the forecast period. The BRIC economies will be driven by ever improving infrastructure and increased expenditure on healthcare by the respective governments.

James Sheppard, healthcare industry analyst says ‘The ultrasound scanner market has seen slow growth in recent years and is only now beginning to recover from setbacks. Increasingly diverse range of uses for ultrasound technology will help to drive the market and see strong growth throughout the coming decade.’

Research suggests that the ultrasound scanners market will benefit significantly from mature economies replacing old ultrasound scanners with more advanced scanners. The market is dominated by four large companies. However, smaller companies are beginning to find niches in the market and expand their presence. Companies in China and India are playing an increasingly important role in the market.

Two alternative uses for ultrasound which will see significant growth over the forecast period are intravascular ultrasound (IVUS) and ultrasound for drug delivery. IVUS is a more mature segment of the market currently dominated by two companies; however, the pipeline is very strong and will help to drive growth. Ultrasound for drug delivery is currently a niche segment of the market that will see expansion over the coming decade.

Leading experts in the field have stated that there is significant opportunity for growth over the coming years. The products currently in development will offer significant opportunities. IVUS experts believe that further developments in multimodality imaging will help to drive the market.