Asia Pacific Leads Worldwide Ultrasound Revenue Forecast

A new study analyzing four price segments for both compact and cart-based ultrasound equipment shows revenues for the market are expected to grow globally by 29% over the next five years.

In its study titled The World Market for Ultrasound Imaging Equipment – 2012, InMedica (Wellingborough, Northamptonshire, UK), a market research and consulting company in the global medical electronics industry, explained that the Asia Pacific region is expected to experience with strongest growth in ultrasound equipment revenue over the next five years. Revenues are projected to increase by 43% in this area, compared to only 15% for the Europe, Middle East, and Africa (EMEA), and 26% for American regions.
The growth in the Asia Pacific ultrasound market is driven by several factors. In areas with emerging markets, such as India and China, the need to improve healthcare services is increasing the demand for more advanced medical devices, including ultrasound equipment.

In contrast, growth in areas where the market for ultrasound equipment has already been established, such as Oceania, Taiwan, and Korea, is being driven by demand for advanced imaging technology.

Japan, which has the second-largest ultrasound market in the Asia Pacific region, experienced an initial decline in revenue in 2011 due to the earthquake and tsunami natural disasters. However, as the demand for ultrasound equipment increased, the disaster itself was a driving force for market growth.

“Pent-up demand for ultrasound equipment, from both the global economic downturn in 2009, and the natural disaster in 2011, will be a major factor driving growth in Japan and many other mature markets in Asia Pacific in the long-term future,” explained Carly Reed, market analyst, InMedica.

Given the 2011 statistics, the study forecasted the global ultrasound market would experience an annual growth above the 5% that was projected. Although each of the major global regions (EMEA, Americas, and Asia Pacific) accounted for roughly one third of global ultrasound revenues in 2011, the Asia Pacific region is expected to be the market’s main driving force over the next five years.


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