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The ultrasound equipment market has been growing steadily and is expected to continue growing for years to come. The two largest segments of the overall ultrasound equipment market in 2014 were cardiology and radiology segments. Radiology was the first area to use ultrasound equipment intensively. Due to the large number of important applications, cardiology has also become a traditional setting for the use of ultrasound devices. These respective segments each accounted for over 25% of the overall market.
Cardiology and radiology are highly saturated segments of the ultrasound equipment market. However, due to advances in 3D and 4D imaging, as well as elastography and combined MRI/ultrasound imaging techniques, growth rates in these markets are expected to remain in the mid-single digits until at least 2020.
Point-Of-Care Represents Fastest Growing Segment
Point-of-care (POC) applications represented the fastest growing segment of the ultrasound equipment market in 2014, and will continue to outstrip other segments over the next decade.
The POC ultrasound equipment market comprises a large number of subsegments corresponding to different medical service delivery sites. Examples include emergency department, critical care, anesthesiology and musculoskeletal applications. These areas of medical service delivery have not traditionally relied on ultrasound for their diagnostic evaluations. However, due to technological improvements and reductions in the cost of ultrasound equipment, these areas are rapidly adopting ultrasound as a tool for diagnostic and guidance procedures.
Ultrasound Equipment Market, U.S., 2011 – 2021Read full article
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