The global medical ultrasound equipment market, which has fallen on hard times recently due to economic downturn and limited hospital finances, is expected to reach $5.6 billion by 2015, according to a report by Global Industry Analysts covered in the San Francisco Chronicle.
According to the report, growth in the ultrasound equipment market would be driven by substantial growth in hand-held and portable devices and demand from clinical applications that require point-of-care imaging. Additionally, the aging population and an increase in chronic disease rates are expected to bolster the market.
At the same time, further pressure may be put on prices as competition rises, and many manufacturers may be forced to cut prices of cart-based models and instead rely on expanded prospects from hand-held devices.
Read the San Francisco Chronicle report on the ultrasound equipment market.
Read more on medical supplies:
-FDA Announces 25 Actions to Improve Medical Device Approval Process
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According to the report, growth in the ultrasound equipment market would be driven by substantial growth in hand-held and portable devices and demand from clinical applications that require point-of-care imaging. Additionally, the aging population and an increase in chronic disease rates are expected to bolster the market.
At the same time, further pressure may be put on prices as competition rises, and many manufacturers may be forced to cut prices of cart-based models and instead rely on expanded prospects from hand-held devices.
Read the San Francisco Chronicle report on the ultrasound equipment market.
Read more on medical supplies:
-FDA Announces 25 Actions to Improve Medical Device Approval Process
-Zyga Technology Receives FDA 510K Clearance for Sacroiliac Joint Fusion System