News | June 21, 2007

Compact Revolution to Boost Ultrasound Market to $5 billion by 2008

June 22, 2007 - The second edition of InMedica’s ultrasound imaging equipment report predicts that the world market for ultrasound imaging equipment will reach $5.7 billion by 2010 and exceed $5 billion by 2008, fuelling the use of ultrasound in new applications and driving additional growth for ultrasound in its traditional markets such as cardiology and obstetrics and gynecology.
“There is a clear trend towards miniaturisation in the ultrasound industry being driven by several manufacturers”, reports Diane Wilkinson, Market Research Analyst. “This equipment is being used by an increasing number of physicians beyond the traditional applications, in areas such as emergency medicine and anaesthesiology. Both hand-carried and portable ultrasounds are out-performing the cart-based segments of the market, and by a considerable margin. Of the cart-based sector, it is only the mid-range segment of the market that is presenting significant growth. Increased functionality and picture quality in a price sensitive market have contributed to the mid-range segment showing strongest growth for cart-based systems. With image quality comparable to high-end systems at much lower prices, a top-down shift in the product mix is being created, away from premium and high-end systems”, commented Miss Wilkinson.
Further opportunities for growth in the ultrasound imaging equipment market are also presenting themselves in rapidly developing economies of the world and most notably China, India and Russia. Moreover, the cost-effectiveness, ease of use, and flexibility of ultrasound have contributed to its rising favorability in comparison to other imaging modalities in price-sensitive markets. In an environment where the cost of healthcare is out pacing government healthcare spending, there is an ongoing change in the way that ultrasound is being used, not only in hospitals but also in clinics and private practices. The market share for procedural, diagnostic and physical examinations that include ultrasound are increasing.
For more information: www.in-medica.com

Related Content

Technology | Ultrasound Imaging | August 18, 2017
August 18, 2017 — SuperSonic Imagine recently introduced the newest version of its premium...
Pentax Medical Launches New Slim Linear Ultrasound Endoscope
Technology | Endoscopes | August 17, 2017
Pentax Medical Co. announced the U.S. launch of the Slim Linear Ultrasound Endoscope (EG-3270UK), the company's newest...
Houston Methodist Hospital Enters Multi-Year Technology and Research Agreement With Siemens Healthineers
News | Imaging | August 17, 2017
Houston Methodist Hospital and Siemens Healthineers have entered into a multi-year agreement to bring cutting-edge...
Clarius Wireless Ultrasound Scanners Now Available With Advanced Features
News | Ultrasound Imaging | August 09, 2017
Clarius Mobile Health has released advanced features and options for its wireless handheld ultrasound scanner for...
Oregon Tech Partners with Mindray for High-Tech Ultrasound Education
News | Ultrasound Imaging | August 04, 2017
To better prepare its ultrasound students to compete and thrive in the evolving healthcare environment, Oregon...
Carestream Shows Touch Prime Systems at Society for Vascular Ultrasound Conference
News | Ultrasound Imaging | August 03, 2017
Carestream will showcase its Carestream Touch Prime and Touch Prime XE Ultrasound Systems at the Society for Vascular...
3-D Vascular Ultrasound Quantifies Plaque Burden to Estimate Cardiovascular Risk
News | Cardiovascular Ultrasound | July 20, 2017
In a large, first-of-its-kind population, researchers found an experimental technique known as three-dimensional...
Floyd Medical Center Acquires Quartet of Toshiba Cardiac Ultrasound Systems
News | Cardiovascular Ultrasound | July 19, 2017
Floyd Medical Center in Rome, Ga., recently installed three new Aplio 500 Platinum CV ultrasound systems from Toshiba...
Synergy Radiology Associates Employs UroNav Fusion Biopsy System for Better Prostate Cancer Diagnosis
News | Biopsy Systems | July 17, 2017
Radiologists from Synergy Radiology Associates (SRA) in Houston are using the power of 3-D medical imaging and...
Overlay Init