News | November 30, 2011

Compact Ultrasound Revenues Saw Growth in 2010


March 23, 2011 –The fifth in a series of in-depth market studies dedicated to the compact ultrasound market indicates that this segment outpaced the overall ultrasound market in 2010, reaching $276 million in the United States, a 21 percent increase from the prior year. The report, issued by industry analyst Harvey Klein, Ph.D., of Klein Biomedical Consultants Inc., projects further robust growth of compact ultrasound systems for the foreseeable future.

“The compact ultrasound market continues to be the largest segment of the overall ultrasound market in the U.S. and strong growth is expected to continue,” Klein said. “We believe the market will grow by a solid 13 percent over the next five years and reach $505 million in 2015.”

The report, “The U.S. Market for Compact Ultrasound Systems: Challenges & Opportunities – 2010,” was published in February 2011. The report cites SonoSite as the leader with 42 percent market share followed by GE and Philips for an overall market share of 78 percent. The top selling compact ultrasound products were the SonoSite M-Turbo, the Philips CX50, the GE Logiq e and the Zonare z.one systems. These four systems accounted for 62 percent of the compact market last year.

“The five largest compact markets in the U.S. were cardiology, emergency medicine, radiology/vascular, anesthesiology and musculoskeletal,” said Klein. These markets represented 66 percent of the compact market in the U.S. With recent introduction of handheld units which are attractive to these specialties, this trend should continue.”

With the launch of such handheld systems as the GE Vscan system last year, the handheld segment of the U.S. compact market is expected to gain increasing attention. The Klein report predicts growth of handheld systems to reach $78 million in the year 2015, representing three percent of the overall growth in compact systems.

Internationally, Klein is forecasting the global compact market will grow 11 percent to reach $1.1 billion. The United States will continue to lead with 13 percent, while other markets will grow 10 percent.

For the purposes of this report, compact ultrasound systems are considered to weigh less than 14 pounds. Included in this category are handheld, hand-carried and laptop products from Bard, GE, Mindray, Philips, Siemens, SonoSite, Toshiba and others. Also included is the Zonare z.one system, which is characterized as a convertible or hybrid system, since it can be separated from the cart and used as a hand-carried device. The report excluded service and veterinary care revenues.

Klein Biomedical Consultants (KBC) is a strategic marketing consulting firm specializing in the medical diagnostic imaging field. KBC has provided marketing and technical guidance to more than 150 corporations over its 30-year history.

For more information: [email protected]

Related Content

AHRA and Canon Medical Systems Announce 2017 Putting Patients First Grant Winners
News | Patient Engagement | February 14, 2018
The Association for Medical Imaging Management (AHRA) and Canon Medical Systems recently announced the tenth annual...
Digisonics Customers Expand OB Ultrasound Reporting Systems for Improved Workflow Efficiency
News | Ultrasound Imaging | February 06, 2018
February 6, 2018 – Oregon Health and Science University in Portland, Ore., University of Utah Medical Center in Salt
Microbubbles Make Breast Cancer More Susceptible to Radiation Therapy
News | Women's Health | February 01, 2018
February 1, 2018 – Injecting breast cancer with oxygen-filled microbubbles makes tumors three-times more sensitive to
ASE Opens Enrollment for ImageGuideEcho Registry
News | Cardiovascular Ultrasound | January 29, 2018
January 29, 2018 — The American Society of Echocardiography (ASE) announced that ImageGuideEcho, a module under the I
Philips Introduces Technology Maximizer Program for Imaging Equipment Upgrades
Technology | Imaging | January 17, 2018
January 17, 2018 — Philips recently announced the launch of Technology Maximizer, a cross-modality program designed t
New Vascular Ultrasound Registry Looks to Enhance Patient Care
News | Cardiovascular Ultrasound | January 17, 2018
The Society for Vascular Ultrasound (SVU), the Society for Vascular Surgery (SVS) and Medstreaming-M2S announced the...
Sponsored Content | Videos | Ultrasound Imaging | January 11, 2018
Mindray recently featured a new upgrade for its premium Resona 7 ultrasound system at the Radiological Society of North...
New International Report Provides Comprehensive Guide to Imaging in Chagas Heart Disease
News | Cardiovascular Ultrasound | January 03, 2018
Chagas disease (ChD), an infectious parasitic disease transmitted primarily by triatomine insects, has become a...
Toshiba Medical Introduces New Entry-Level Aplio i600 Ultrasound Platform
News | Ultrasound Imaging | December 21, 2017
Toshiba Medical, a Canon Group company, showcased the Aplio i600, the newest addition to the premium Aplio i-series...
Overlay Init