Ultrasound Market Set for Recovery
June 28, 2010 by letchells
Filed under Business Buzz
After a down year in 2009 and continued challenges in 2010, the global ultrasound market will return to growth in 2011, according to a report from market research firm InMedica.
The ultrasound imaging equipment sector generated $4.9 million in revenues in 2009, down 6% from 2008, according to the Wellingborough, U.K.-based firm. Healthcare spending cuts and postponed equipment purchasing in Western Europe and North America will continue to slow recovery, InMedica said.
InMedica also pointed to continued economic uncertainty in Europe and further expected public health cuts as a limiting factor in 2010. In positive developments, strong growth in the developing markets of the Asia-Pacific region has offset declines in other developed regions. InMedica is forecasting that this region will become the largest world market for ultrasound by 2011.
In other findings, InMedica noted that the economic downturn has affected the market for ultrasound systems less than for other imaging modalities. www.auntminnie.com