Esoate S.p.A (Italy), FUJIFILM Holdings Corporation (Japan), Hitachi Ltd. (Japan), Koninklijke Philips N.V. (The Netherlands), Mindray Medical International Limited (China)
(PRWEB) December 09, 2014
The global ultrasound market was dominated by General Electric Company (U.S.) in 2013, followed by Koninklijke Philips N.V. (The Netherlands). Other players include FUJIFILM Holdings Corporation (Japan), Mindray Medical International Limited (China), Hitachi Ltd. (Japan), Samsung Electronics Co. Ltd. (South Korea), Siemens AG (Germany), and Toshiba Corporation (Japan).
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General Electric offers a broad product portfolio for the ultrasound market. Its healthcare division (GE Healthcare) provides a wide variety of ultrasound products designed to provide superior images with high accuracy and resolution. Moreover, GE Healthcare operates in over 100 countries across North America, Europe, Asia, and South America. The company’s R&D capabilities are focused on the development of technologically advanced ultrasound systems to accelerate organic growth. Furthermore, the company focuses on inorganic growth strategies such as partnerships, collaborations, and strategic acquisitions to strengthen its ultrasound business and increase its market share. This enabled the company to build a strong product portfolio, expand its business in high-growth economies, focus on technology and innovation, and leverage enhanced integration capabilities.
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Koninklijke Philips N.V. has a product portfolio that includes diagnostic imaging systems, healthcare information technology solutions, patient monitoring systems, and cardiac devices. Philips Healthcare (a key division of Koninklijke Philips N.V.) has manufacturing facilities in the U.S., the Netherlands, Germany, China, Finland, Israel, and Brazil. The company’s wide geographic presence across North America, Asia-Pacific, Europe, and Africa allows it to maintain its position in the global ultrasound market. Furthermore, the company focuses on new product launches and product enhancements as well as agreements, partnerships, and collaborations with ultrasound device manufacturers and distributors as key business strategies to ensure its growth in the market.
Leading players in this market are adopting the strategies of new product launches, product enhancements, agreements, partnerships, and collaborations to expand their market presence. Market players adopted these strategies to develop novel products, expand their product portfolio, enter into growing markets, and to strengthen their distribution network. Koninklijke Philips N.V. (Netherlands), Siemens AG (Germany), Esaote S.p.A. (Italy), Samsung Electronics Co. Ltd. (South Korea), and General Electric Company (U.S.) have been primarily focusing on product enhancements and launching new ultrasound devices to widen their product portfolio.
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Major strategic developments are taking place in the field of compact/portable ultrasound systems market, which exhibits high growth potential in the near future. Dominant market players such as General Electric Company (U.S.) and Koninklijke Philips N.V. (The Netherlands) have introduced several technologically advanced compact/portable ultrasound systems to gain competitive edge over other players.
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