The ultrasound systems space, which covers 39 major markets, is set to rise steadily from $4.2 billion in 2016 to $5 billion by 2023, according to research and consulting firm GlobalData. This represents a compound annual growth rate (CAGR) of 2.5 percent. The company’s latest report states that the growth will primarily be driven by the rising prevalence of diseases and expanding demand for cost-effective quality healthcare.
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