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Obstetrics and Gynaecology Segments to Promote Healthy Growth in European Ultrasound Markets

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Obstetrics and Gynaecology Segments to Promote Healthy Growth in European Ultrasound Markets

Mumbai, Maharashtra, India

Strong growth in the OB/GYN and interventional ultrasound segments are driving the expansion of the overall European ultrasound market. Advances in 3D and 4D imaging capabilities, as well as the large-scale use of ultrasound systems in private clinics are facilitating this growth. Developments in transducer technology and computer-aided diagnosis software will further enhance the potential for ultrasound as a critical tool in imaging the human body. Newer technologies such as elastography also hold promise for revenue augmentation.

Frost & Sullivan (http://www.medicalimaging.frost.com) estimates that the European Ultrasound Markets will earn revenues of $719.0 million in 2006 and reach $1063.3 million in 2013.

If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants with an overview of the latest analysis of the European Ultrasound Market (H036 - 50) then send an e-mail to Shwetha Thomas - Corporate Communications at sthomas@frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the information via email upon receipt of the above information.

"Advances in 3D and 4D imaging capabilities, the use of ultrasound contrast media and the increasing deployment of ultrasound for breast imaging will enhance the growth of the European ultrasound market," notes Frost & Sullivan Medical Imaging Team Leader, Karthik Arun B. "The OB/GYN ultrasound segment and the 'other' ultrasound segment (comprising hand carried ultrasound and interventional ultrasound) will be the fastest growing in the total European ultrasound market."

Technological improvements in 3D and 4D imaging capabilities have reduced the scan-time for most ultrasound procedures, thus improving workflow. Developments in ultrasound contrast media and their increasing use have greatly increased the potential for their use in diagnostic imaging as well as in interventional procedures.

"Breast ultrasound is also gaining popularity as a tool in early screening to detect breast abnormalities without compromising patient safety in terms of radiation dosage," adds Mr. Karthik. "Greater use of ultrasound for breast imaging, coupled with consumer driven demand for foetal 3D imaging, will ensure healthy growth rates for the ultrasound market in the OB/GYN segment."

However, the market for radiology ultrasound - the largest segment - will exhibit only marginal growth as a result of its market reaching saturation and ultrasound systems being used increasingly in non-radiology set ups. Moreover, intensifying demand for technologically superior products at lower cost is placing immense pressure on participants to price their products competitively, while trying to maintain sustainable profit margins. Competition from modalities such as MRI and the issue of data volume management pose significant challenges to market growth.

"Saturation of the core radiology market means that the largest segment in the market will grow much slower than other segments, thus retarding overall expansion," explains Mr. Karthik. "In many countries, users are initially hesitant to adopt new technology and when they do, attempt to get the latest technology at a low cost. This, together with the lack of reimbursement for some ultrasound procedures will limit market development."

As there is an increase in use of ultrasound systems outside the radiology department, market participants will need to focus on developing training programmes for users. Participants will need to push for regulatory mandates for new ultrasound applications in order to support their rapid penetration and uptake. Continuous developments in ultrasound technology will also ensure the superiority of this modality over other technologies.

European Ultrasound Market is part of the Medical Imaging Subscription, which also includes research in the following markets: European Medical Imaging Markets in Cardiology, 3D and 4D Imaging Markets in Europe and European Markets for Key Medical Imaging Modalities. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants. Interviews with the press are available.

Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com.

European Ultrasound Markets
H036 - 50

Shwetha Thomas, Corporate Communications - South Asia & Middle East, Frost & Sullivan, +91 (022) 4001 3429 sthomas@frost.com

Radhika Menon Theodore, Corporate Communications - Europe, Frost & Sullivan, +91 (044) 4204 4541 rmtheodore@frost.com

Source: Frost & Sullivan (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.

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