Dallas, TX -- (SBWIRE) -- 09/26/2011 -- Ultrasound is considered to be a very popular imaging modality that has relatively more market competition than other technologies such as CT and MRI. The procedures cost lesser than any other such as MRI and CT scan. It offers huge growth opportunity especially in segments such as portable and hand-carried units. The growing trend of miniaturization and increasing trust in portable systems has led to a significant increase in the market of hand-carried ultrasound systems in the recent years. The Ultrasound Market imaging was expected to be around $4.36 in the year 2010 and is expected to increase to $5.93 in 2016 with a CAGR of around 5.48% from 2011 to 2016. Although the western countries were the first ones to adopt this technology, yet other regions of the world such as Eastern Europe, Latin America, and parts of Asia-Pacific including India, are now beginning to show significant interest in this equipment. In the traditional ultrasound systems market, color Doppler equipment accounts for a major chunk, while black and white scanners are now beginning to slowly fade. It provides flexibility and is cost effective in usage.
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