1. Global Ultra Sound System market with segmentation – 2014 – 2020
•Companies Trends
•Drivers Restrains
2. Ultrasound is Exciting and Growing
•Ultrasound is used in Operating rooms, Radiology, Cardiac cath labs,
Doctor’s offices, Emergency rooms.
•Ultrasound devices are the oldest imaging devices and their usage and
popularity is very high in the market.
•The major usage of diagnostic ultrasound are Radiology, Oncology,
Obstetrics and Cardiology.
•As per the studies conducted, there is a very little entrance barriers in
the emerging markets for the ultrasound devices.
•The top players in the ultrasound market are :
GE Healthcare
Philips Healthcare
Siemens Healthcare
Hitachi-Aloka
•First Hands-Free Ultrasound
Device for Pain Launched
NanoVibronix announced the
launch of PainShield MD, the first
hands-free, patch-based
ultrasound device for the
treatment of pain and soft tissue
healing. – July 10, 2015
•Pocket-sized ultrasound
machines make imaging easy
A new kind of ultrasound
machine is making its way into
the pockets of doctors around the
world. New handheld devices
about the size of a smartphone
allow doctors to image patients
instantly. - October 19, 2014
Key News !
4. Company Trends
•The ultrasound market is cemented with 4-5 major players like GE,
Philips, Siemens, Hitachi-Aloka, Mindray.
•GE is the world leader in the market share when it comes to ultrasound
market and its ultrasound business generates $ 2 billion a year in
revenue.
•According to the studies, GE has around 25% share in the global
ultrasound systems market, followed by Philips Healthcare with 19%. The
leading 5 companies accounted for 74% of the global ultrasound
systems market.
•The point of care ultrasound device sales will see significant growth in
the future driven by new, radiation-free needle placement procedures.
•Other market trend that is visible in the global market is the growth of
real time, cost-effective ultrasound imaging systems that are replacing
the costly radiation based imaging techniques.
•Zonare, Esaote, Analogic, U-systems, Terason and Mindray are few
other small players that are likely to grow in the ultrasound market
globally.
“According to the
studies, the US ultrasound
imaging equipment
market is projected to
pass the $2 billion mark
by 2020”
“The number of
ultrasound procedures
performed by
anaesthesiologists more
than doubled between
2010 and 2013”
GE
25%
Philips
19%
Others
56%
Global Market Share of companies in
the ultrasound system market
“Ultrasound market
expected to exceed $7
billion by 2019”
5. Drivers and Restraints
• The devices used for general imaging used by departments are usually very expensive
and there is a shift towards the smaller, specialized devices within the hospital budgets.
Also, the radiology ultrasound equipment sales are limited by the increasing number of
hospital departments performing their own ultrasound exams, and not seeing patients to
radiology.
•The one of the major driver in the ultrasound system market globally is new and
groundbreaking technologies.
•The other drivers in the ultrasound industry are the new uses of the ultrasound systems for
the liver diseases. Ultrasound may be able to gauge the stiffness of liver tissue.
•The other driver is the new markets which have untouched growing opportunity for the
companies like the breast mammography market.
•The drivers also include hand-held ultrasounds and the world believes that hand-held
ultrasounds will become as ubiquitous as stethoscopes in 10 to 20 years
“Technological advancement, an increased number of
applications and portability of ultrasound systems are
expected to drive future growth”
