LONDON, Oct. 25, 2016 /PRNewswire/ -- The market size of North America Ultrasound Devices industry was estimated to be $1.6 billion in 2015 and is expected to grow at a growth rate of 5.6% CAGR during the forecast period (2016-2022).
The US market is expected to continue its dominance during the forecast period reaching a market size of $1.6 billion by 2022. Canada market would grow at a high CAGR of more than 6% during 2016 – 2022.
Based on the product type segmentation, the Therapeutic Ultrasound segment would grow at the highest CAGR however, the Diagnostic Ultrasound System would contribute the largest share in terms of the market value.
The Color Ultrasound Devices would contribute $1.7 billion to the market size by 2022 growing at a CAGR of 6% CAGR during the forecast period.
Radiology/ General Imaging would continue to be the major application area for ultrasound devices worldwide however, growing application in Vascular imaging is expected to bring in promising avenues for the market.
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