Matching Machine Learning and Medical Imaging: Predictions for 2019

Across the market we are seeing system prices fall by mid-single digit percentage annually. So, with a nearly-saturated digital radiography market and declining product prices; what are manufacturers doing to maintain their margins?

The global ultrasound market is on track for a strong year, with the annual revenue growth rate forecast to reach 6.6%, notably higher than the 5.1% growth we predicted at the start of the year (2018 Set to be a Strong Year for Global Ultrasound Market, January 2018). The EMEA and Americas markets are forecast to grow at mid-single-digit rates, slightly faster than our January forecast, with Asia remaining the fastest growing market, largely driven by China.

In the last 10 years, the market for compact ultrasound systems grew fast. They became the preferred ultrasound form factor for point-of-care applications and found their way into a variety of more traditional applications that benefitted from a high degree of portability and manoeuvrability, such as surgical and interventional procedures, as well as out-of-clinic primary health care, particularly in rural areas.