The European ultrasound market will earn $719 million in revenues in 2006, and will reach $1.06 billion in 2013, according to market research firm Frost & Sullivan.
The expansion is being driven by strong growth in the ob/gyn and interventional ultrasound segments, according to the San Jose, CA-based firm. Frost cited advances in 3D and 4D imaging capabilities, as well as the large-scale use of ultrasound systems in private clinics, as key growth factors.
Transducer technology developments and computer-aided detection (CAD) software will further enhance the modality's potential, while newer techniques such as elastography also show promise for revenue augmentation, Frost & Sullivan said.
Radiology ultrasound, however, will experience only marginal growth due to market saturation and ultrasound utilization in nonradiology environments, Frost said. In addition, competition from modalities such as MRI and the issue of data management post challenges to market growth, according to the firm.
By AuntMinnie.com staff writers
December 19, 2006
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