Medical Ultrasound Equipment: A Global Strategic Business Report
San Jose, California (PRWEB) October 22, 2008
Since its introduction in the early 1950s, medical ultrasound has engulfed a major share of the medical imaging market. Advancement in new technologies such as 3-D and 4-D led to the development of innovative equipment that ensured improved image quality and clinical outcomes. Miniaturization of ultrasound devices and continued incorporation of system electronics into ultrasound technology is another visible trend in the market. Market for portable ultrasound equipment is expected to witness rapid growth in future due to flexibility in usage, simplified operations, cost-effectiveness, and portability.
United States and Europe collectively accounted for about 60% share of the global medical ultrasound equipment market in 2008, as stated in a recent report published by Global Industry Analysts, Inc. Asia-Pacific is set to witness the fastest growth over the analysis period. Radiology represents the leading end-use application area, capturing about 40% share of the medical ultrasound equipment sales. On the basis of Price/Performance, the high performance medical ultrasound equipment accounted for more than 30% share of the sales in 2008.
Cardiology ultrasound equipment represents the fastest growing end use segment. Revenues from the segment in the United States are projected to reach US$684 million by 2010. Overall market for ultrasound equipment is near saturation in the United States. The market is essentially driven by the need for replacing aging equipment and upgradation of the equipment to new advanced technologies. Demand for ultrasound systems in Europe is largely a factor of its cost. Germany, France and the United Kingdom represent the major markets in Europe with about 65% share of the revenues.
Asia-Pacific represents the fastest developing market worldwide for medical ultrasound equipment market, at a projected CAGR of 5% over the analysis period. Though health care infrastructure in most countries in Asia-Pacific is not fully developed, of late increasing growth in developing economies is expected to result in a large-scale investment in healthcare facilities. This is expected to spur the demand for ultrasound equipment.
Leading players profiled in the report include Aloka Company Ltd, B-K Medical, Esaote SPA, GE Healthcare, Hitachi Medical Systems America, Medison Co Ltd, Philips Healthcare, Siemens Healthcare, SonoSite, Inc., TomTec Imaging Systems GmbH, and Toshiba Medical Systems Corporation. Philips Healthcare, Siemens Healthcare, GE Healthcare, and Toshiba account for about 80% share of the global market
The report titled "Medical Ultrasound Equipment: A Global Strategic Business Report" published by Global Industry Analysts, Inc., covers major market dynamics, trends, issues, and competition pertaining to the market. The report enumerates recent product innovations/introductions, developments, mergers, acquisitions and other strategic industry activities. Analysis is presented for established and emerging markets including United States, Japan, France, Germany, United Kingdom, Italy, Spain, Asia-Pacific, Middle East and Latin America. GIA's report on Medical Ultrasound Equipment analyzes the market across following end-use applications, namely Radiology, Cardiology, Obstetrics/Gynecology, Vascular, and Other. The report also classifies the market into four segments based on price ranges - Premium Performance, High Performance, Mid-Range, and Low-End.
The study provides current and future projections over the period 2001-2015, while historic analytics review the industry's performance in the recent past (1996-2000).
For more details of this research report please visit http://www.strategyr.com/Medical_Ultrasound_Equipment_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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