Chinese Ultrasound Market Forecast to Expand 143% by 2019

GBI Research’s new report states that the market will continue to grow in the conceivable future due to many contributing factors, including rising patient numbers, more cost-effective, and widely available healthcare, and recent developments in ultrasound technology.

The global market revenue is forecast to increase at a CAGR of 7% between 2012 and 2019, from USD 4.6 billion to USD 7.3 billion. A major driver is the continued employment of ultrasound as the healthcare sector’s preferred diagnostic application, with the development of portable units and lower costs additionally strengthening this position.

While CT and MRI machines can cost millions, the approximate price of an ultrasound system is USD 150,000—a substantial benefit for countries with limited budgets and those looking to cut the enormous burden of healthcare spending.

GBI Research is a provider of business intelligence reports, providing data and forecasts based on the insights of key industry leaders.

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