The European ultrasound market generated $900 million in revenues in 2007 and is expected to climb to $1.4 billion in sales by 2014, according to a report from market research firm Frost & Sullivan.
The gains are being driven by advances in obstetrics and gynecology ultrasound, hand-carried systems, and other smaller market segments such as urology and surgical ultrasound, according to the San Antonio-based firm. Market growth will also be driven by technology advances such as miniaturization of transducer probes, elastography, and 3D/4D imaging, Frost & Sullivan said.
The radiology ultrasound market is expected to experience a gradual decline in the coming years, however, due to high levels of saturation.
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