Study: U.S. ultrasound market edges higher in annual revenues

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The U.S. ultrasound market could reach revenues of $1.9 billion by the end of this decade, powered, in part, by hand-carried devices.

Market research firm Frost & Sullivan projects an annual compound growth rate of 19 percent in the hand-carried ultrasound device market over the next six years, potentially bringing annual revenues to $330 million. The units' appeal is based on portability and size, as well as a lower-cost alternative replacement for upscale models.

An aging population also is expected to propel ultrasound revenues, as healthcare providers utilize the imaging modality to diagnose seniors' ailments and conditions, such as heart disease.