The worldwide ultrasound market will reach $6.86 billion by 2020, according to a new report from MarketsandMarkets.
A rising patient population with chronic and lifestyle-related disorders and a growing geriatric population with greater risk of disease are among the trends that are expected to propel growth in the global ultrasound market for the rest of this decade.
The gain means a compounded annual growth rate (CAGR) of 5.5%. Compact/handheld ultrasound devices are expected to have the greatest CAGR between now and 2020, with ease of operability, lower cost, and consumption of less electricity as the sales drivers.
Europe currently holds the largest share of the global ultrasound market, followed by North America. However, the Asia-Pacific region is expected to become the fastest-growing geographic market segment over the next four years.
