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The market size of Europe Ultrasound Devices industry was estimated to be $2.1 billion in 2015 and is expected to grow at a growth rate of 5.4% CAGR during the forecast period (2016-2022).
The Germany market is expected to continue its dominance during the forecast period reaching a market size of $820.4 million by 2022. Russia market would grow at a high CAGR of 6.3% 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 $2.2 billion to the market size by 2022 growing at a CAGR of 5.7% 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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