Global Ultrasound Equipment market will reach 7600 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/21

Some of the factors such as increasing demand for a non-invasive solution, growing awareness among patients regarding early disease diagnosis, and the advent of technological advancements are likely to propel the growth of the global market for ultrasound equipment in the near future. Growing demand for better diagnostic treatment is likely to fuel the growth of the market. Other factors such as rising incidence of chronic diseases (stroke, heart disease, and cancer), increasing procedures using ultrasound diagnostic imaging, and growing demand for point-of-care testing are driving the growth of the ultrasound equipment market over the forecasted period.

Apart from this, rising adoption of ultrasound imaging in the field of emergency medicine, cardiology, and oncology, and growing usage of 3D and 4D ultrasound imaging, are some of the trends that boost the growth of the market in the years to come.

However, the high cost of medical imaging and the risk of high radiation are the factors that are creating a negative impact on the growth of the ultrasound equipment market.

The global Ultrasound Equipment market is valued at 5900 million US$ in 2018 is expected to reach 7600 million US$ by the end of 2025, growing at a CAGR of 3.2% during 2019-2025.

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