European US market to approach $1.7B by 2019
The European ultrasound market is growing as providers are attracted to the versatile, radiation-free modality, and earned revenues are projected to grow by more than 20 percent from 2013 to 2019, according to market research and consulting firm Frost & Sullivan.
The report, “Analysis of the European Ultrasound Market,” found the earned revenues of the market to be $1.38 billion in 2013 and projected the market to reach $1.68 billion in 2019.
Reasons for adopting new ultrasound systems include the ability to instantly report diagnostic images in an emergency department or intensive care unit, and a desire to replace older systems with advanced, compact models, according to Frost & Sullivan.
Competition from Asian vendors is putting pressure on established suppliers to adjust prices, while manufacturers are focusing on developing mobile systems that offer real-time imaging, volume imaging and 4D transducers.
Evan joined TriMed in 2011, writing primarily for Health Imaging. Prior to diving into medical journalism, Evan worked for the Nine Network of Public Media in St. Louis. He also has worked in public relations and education. Evan studied journalism at the University of Missouri, with an emphasis on broadcast media.