LONDON, Oct. 10, 2016 /PRNewswire/ -- The LAMEA Ultrasound Devices industry is expected to attain a market size of $1.5 billion by 2022 and is expected to grow at a growth rate of 6.6% CAGR during the forecast period (2016-2022).
The Brazil market dominated the market with a market size of $636.9 million in 2015 and is expected to grow at a CAGR of 6.1% during the forecast period. UAE market would grow at the highest CAGR of 9.1% 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 $1.1 billion to the market size by 2022 growing at a CAGR of 7% 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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