Ultrasound Market Analysis, Size, Trends | 2016-2022 | MedCore
- Year: 2016
- Scope: 2012-2022
- Region: United States
- Published Date: 10/02/2016
- Pages: 837
- Type: MedCore
Apart from market segments for the POC ultrasound market, the U.S. ultrasound market is highly saturated. As such, growth in most segments is expected to remain stable. The main drivers in these markets are the aging population and gradual technological advancement in ultrasound technology. In the POC ultrasound equipment segment, growth is considerably higher due to the spread of POC ultrasound technology and techniques into new environments.
The segments for cardiology and radiology are among the most highly saturated segments of the ultrasound equipment market. However, due to advances in 3D and 4D imaging, as well as elastography and combined MRI/ultrasound imaging techniques, growth rates for these segments are still expected to increase.
Most ultrasound systems cost less than $100,000, which is significantly less than X-ray, magnetic resonance and computed tomography systems. The low cost and increased capabilities of ultrasounds systems are expected to drive sales; these systems will be the preferred modality for healthcare facilities.
The Only Medical Device Market Research With:
|✔ Unit Sales Growth Analysis
✔ Average Selling Prices
✔ Competitor Shares by Segment & Country
✔ SKU-Level Research Methods
✔ The Lowest Acquisition Cost
Highly Detailed Segmentation
- Cardiology Ultrasound Equipment Market
- Radiology Ultrasound Equipment Market
- Obstetrics and Gynecology Ultrasound Equipment Market
- Urology Ultrasound Equipment Market
- Surgery Ultrasound Equipment Market
- Vascular Ultrasound Equipment Market
- Ophthalmic Ultrasound Equipment Market
- Point of Care Ultrasound Equipment Market
Ultrasound Imaging Procedures
- Diagnostic Ultrasound
- Ultrasound Guidance
Report Data Types Included
- Unit Sales, Average Selling Prices, Market Value & Growth Trends
- 10 Year Scope (3 Year Historical + 7 Year Forecast Period)
- Market Drivers & Limiters for Each Segment
- Competitive Analysis with Market Shares
- Product Portfolios
Market Share Insights
GE Healthcare is the leading competitor in the U.S. ultrasound market. The company was the market leader in the radiology and OB/GYN segments. The company is very close in market share to Philips Healthcare in the cardiology segment. The markets for cardiology and radiology ultrasound devices are the two largest segments in the overall ultrasound equipment market. The POC segment is among the largest, and is the fastest growing. As such, GE is well positioned to expand in market share in the coming years.
Due to their size, GE Healthcare was able to bundle their different imaging products to allow for discounted sales, increasing their share of the total ultrasound imaging equipment market. GE Healthcare also competes in other imaging modalities such as X-ray, computed tomography and magnetic resonance. Bundles can include products from any of these modalities. Their line of LOGIQ® ultrasound systems includes many features such three and four dimensional scans, color Doppler, portable systems, powerful image processing and large displays.
Philips comes in at second in the overall ultrasound market. Philips distributes many ultrasound systems and has some of the most advanced products on the market in their product portfolio. Their latest device, launched in September 2013, is the EPIQ™ platform. EPIQ™ incorporates the latest software and technology for improved penetration and temporal resolution. One interesting feature of the EPIQ™ platform is that it is more portable than most high-end ultrasound systems. It weighs 230 pounds, compared to the approximately 330 pounds that a typical system weighs. With ultrasound being used in a growing number of new medical settings, the portability of the system may prove to be an important selling feature.
Throughout this entire market study, iData’s team of analysts research nearly 50 companies. The full list of companies can be seen below:
All Companies Analyzed in this Study
About Our In-Depth MedCore Research
Our analysts meticulously research for up to 3 to 4 months to put together one suite of reports (MedSuite), which is a comprehensive analysis on a group of healthcare markets. A MedCore is one portion of that analysis that focuses on one market segment, and provides further detailed segmentation to get a much more granular set of market data.
This MedCore is also found in the full report suite titled Medical Imaging Market – MedSuite
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