04 March 2015 | News | By BioSpectrum Bureau
Global Ultrasound Equipment market to grow steadily
An increase in the demand for portable ultrasound equipment is one of the key trends upcoming in the market
The Global Ultrasound Equipment market to grow at a Compounded Annual Growth Rate (CAGR) of 5.79 percent over the period 2014-2019, according to a new report by research and markets.
The Global Ultrasound Equipment market is divided into two segments based on product type: Portable Ultrasound Equipment and Static Ultrasound Equipment.
An increase in the demand for portable ultrasound equipment is one of the key trends upcoming in the market. This equipment is more efficient and can be moved easily, unlike traditional ultrasound equipment. Many vendors are developing portable ultrasound equipment to increase their market shares.
According to the report, increased use of ultrasound equipment is one of the major drivers of this market. Patients and healthcare professionals opt for minimally invasive procedures to diagnose chronic diseases as this equipment causes minimal to no pain and does not pose the risk of infection.
Further, the report states that the complications involved in the use of 4D ultrasound imaging equipment is one of the major challenges that the market faces. Moreover, 4D ultrasound equipment is more expensive than 3D ultrasound equipment, and this affects their sales.