LONDON, Oct. 26, 2016 /PRNewswire/ -- The Asia Pacific Ultrasound Devices industry is expected to attain a market size of $3 billion by 2022 and is expected to grow at a growth rate of 6.8% CAGR during the forecast period (2016-2022).
The China market dominated the market with a market size of $875.5 million in 2015 and is expected to grow at a CAGR of 7.2% during the forecast period. India market would grow at the highest CAGR of 8.7% 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 contributed $704.7 million to the market size in 2015 and would grow at a high 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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