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Global Ultrasound Equipment Market 2016-2020

Global Ultrasound Equipment Market 2016-2020

About Ultrasound Equipment

Ultrasound equipment are imaging devices that use echo-enhanced high-frequency ultrasound waves to aid in medical diagnosis. Ultrasound imaging modality is considered to be safer than other imaging modalities. It is widely used by radiologists, cardiologists, obstetricians, surgeons, and other healthcare professionals to examine and diagnose medical conditions such as tumors and gynecological problems.

Technavio’s analysts forecast the global ultrasound equipment market to grow at a CAGR of 5.75% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global ultrasound equipment market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of ultrasound equipment.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Ultrasound Equipment Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • GE
  • Philips
  • Siemens Healthineers
  • Hitachi Medical Systems
  • Toshiba Medical Systems
  • FUJIFILM SonoSite
Other prominent vendors
  • Accutome
  • ALPINION MEDICAL SYSTEMS
  • Analogic
  • BenQ Medical Technology
  • Bestman
  • BMV Technology
  • Boston Scientific
  • Carestream Health
  • Cephasonics
  • Chison
  • ContextVision
  • Delphinus Medical Technologies
  • Ecare
  • Esaote
  • GlobalMed
  • Guangzhou Yueshen Medical Equipment
  • Healcerion
  • InSightec
  • Jiangsu TongRen Medical Electronic Technology
  • Konica Minolta
  • MedGyn
  • Mindray
  • Mobisante
  • NanoVibronix
  • Samsung Medison
  • Signostics
  • Sonostar
  • St. Jude Medical
  • Telemed
  • TomTec Imaging Systems
  • Trivitron Healthcare
  • Wuhan Tianyi Electronic
  • Zhuhai Carelife Medical Technology
  • Zonare Medical Systems
  • Zoncare
Market driver
  • Growing demand for 3D and 4D ultrasound equipment.
  • For a full, detailed list, view our report
Market challenge
  • Growing end-users' preference for refurbished equipment.
  • For a full, detailed list, view our report
Market trend
  • Application of ultrasound in new therapy areas.
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Ultrasound Equipment Market 2016-2020

Technavio recognizes the following companies as the key players in the global ultrasound equipment market: GE, Philips, Siemens Healthineers, Hitachi Medical Systems, Toshiba Medical Systems, and FUJIFILM SonoSite.

Other prominent vendors in the market are: Accutome, ALPINION MEDICAL SYSTEMS, Analogic, BenQ Medical Technology, Bestman, BMV Technology, Boston Scientific, Carestream Health, Cephasonics, Chison, ContextVision, Delphinus Medical Technologies, Ecare, Esaote, GlobalMed, Guangzhou Yueshen Medical Equipment, Healcerion, InSightec, Jiangsu TongRen Medical Electronic Technology, Konica Minolta, MedGyn, Mindray, Mobisante, NanoVibronix, Samsung Medison, Signostics, Sonostar, St. Jude Medical, Telemed, TomTec Imaging Systems, Trivitron Healthcare, Wuhan Tianyi Electronic, Zhuhai Carelife Medical Technology, Zonare Medical Systems, and Zoncare.

Commenting on the report, an analyst from Technavio’s team said: “One of latest trends in the market is emergence of 5D ultrasound imaging. After the expansion and popularity of 3D and 4D ultrasound equipment, Samsung Medison entered the ultrasound market with the latest 5D ultrasound equipment, WS80A Elite, which has currently received 510(k) clearance. Some ultrasound examinations are really time-consuming. Hence, to assist the sonographers, Samsung came up with the 5D technology, which is an automated version, i.e., while undergoing the scan the results are auto-populated. This device is mostly for diagnosing fetal congenital heart disease, which is a leading organ-specific defect. Hence, this latest development in 5D is expected to revolutionize gynecology and fetal development stages imaging. It is expected that the key players in the market who already have the 3D and 4D technology equipment will launch their 5D products, which will impact the overall ultrasound market scenario.”

According to the report, one of the primary drivers in the market is advancements in image quality, volumetric ultrasound, and new technologies. Detailed visualization due to advancements in computer technology with real-time processing, improved b-mode technology, and the final data display quality, has led to a large section of end-users in the market to adopt the latest ultrasound devices. For example, Toshiba's Superb Micro-Vascular Imaging software, designed for 2D images of vessels and the 3D versions of Aplio 300 and 500 systems, can visualize even small vessel beds with the Doppler flow, in either grayscale or false color 3D reform.

Further, the report states that one major challenge in the market is growing end users' preference for refurbished equipment. The steady growth in the sales of the refurbished equipment indicate that a good number of customers prefer to buy these refurbished equipment, as in today's dynamic healthcare landscape, it is difficult to take a decision about how to invest in the new major medical device. In order to combat that, refurbished medical equipment is an attractive option for many end-users, who are eager to cut down on the extreme costs, yet obtain the necessary medical devices. On an average, the customer can get a saving of around 20%-80% of the selling price and also gets quality items, if he chooses them from a trusted supplier of refurbished medical products.

Companies Mentioned

GE, Philips, Siemens Healthineers, Hitachi Medical Systems, Toshiba Medical Systems, FUJIFILM SonoSite, Accutome, ALPINION MEDICAL SYSTEMS, Analogic, BenQ Medical Technology, Bestman, BMV Technology, Boston Scientific, Carestream Health, Cephasonics, Chison, ContextVision, Delphinus Medical Technologies, Ecare, Esaote, GlobalMed, Guangzhou Yueshen Medical Equipment, Healcerion, InSightec, Jiangsu TongRen Medical Electronic Technology, Konica Minolta, MedGyn, Mindray, Mobisante, NanoVibronix, Samsung Medison, Signostics, Sonostar, St. Jude Medical, Telemed, TomTec Imaging Systems, Trivitron Healthcare, Wuhan Tianyi Electronic, Zhuhai Carelife Medical Technology, Zonare Medical Systems, Zoncare.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Ultrasound: An overview
  • Life span of medical equipment determined by manufacturers
    • Table Lifespan and serviceability of medical equipment
  • Refurbishing process
    • Table Refurbishing process
  • Regulatory outlines for refurbished medical equipment
    • Table Countries discouraging purchase of pre-owned medical equipment
    • Table Regulations for refurbished medical devices
  • Market landscape
    • Market overview
      • Table Global ultrasound equipment market: Market overview 2015
      • Table Global ultrasound equipment market analysis: Developed and emerging markets
    • Market size and forecast
      • Table Global ultrasound equipment market 2015-2020 ($ billions)
      • Table Opportunity analysis: Global ultrasound equipment market
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by product type
    • Table Global ultrasound equipment market by product type 2015
    • Table Global ultrasound equipment market by product type 2020
    • Table Stationary and portable ultrasound equipment: Market growth lifecycle 2015
    • Table Market insights of global ultrasound equipment market 2015-2020
  • Stationary ultrasound equipment market
    • Market overview
    • Market size and forecast
      • Table Global stationary ultrasound equipment market 2015-2020 ($ billions)
  • Portable ultrasound equipment market
    • Market overview
    • Market size and forecast
      • Table Global portable ultrasound equipment market 2015-2020 ($ billions)
      • Table Global ultrasound equipment market by product type 2015-2020 ($ billions)
  • Market segmentation by technology
    • Table Global ultrasound equipment market by technology
    • Table Global ultrasound equipment market by technology 2015
    • Diagnostic ultrasound
    • Therapeutic ultrasound
  • Market segmentation by application
    • Table Global ultrasound equipment market by application: Overview
    • Obstetrics and gynecology
    • Radiology
    • Cardiology
    • Others
      • Table Global ultrasound equipment market segmentation by applications 2015
  • Market segmentation by end-user
    • Hospitals
    • Diagnostic centers
    • Homecare
    • Others
      • Table Global ultrasound equipment market by end user 2015
  • Geographical segmentation
    • Table Global ultrasound equipment market by geography 2015
    • Table Global ultrasound equipment market by geography 2020
    • Ultrasound equipment market in Americas
      • Table Ultrasound equipment market in Americas 2015-2020 ($ billions)
    • Ultrasound equipment market in EMEA
      • Table Ultrasound equipment market in EMEA 2015-2020 ($ billions)
    • Ultrasound equipment market in APAC
      • Table Ultrasound equipment market in APAC 2015-2020 ($ billions)
      • Table Global ultrasound equipment market by geography 2015-2020 ($ billions)
      • Table Global ultrasound equipment market by geography 2015-2020 (%)
      • Table Global ultrasound equipment by geography: Overview
      • Table Global ultrasound equipment market: Geographical presence
      • Table Global ultrasound equipment market by geography: Lifecycle analysis 2015
  • Buying criteria
    • Table Key buying criteria for ultrasound equipment
    • Table Buying criteria for ultrasound equipment
  • Market drivers
    • Broader applications of ultrasound equipment
      • Table Ultrasound for therapeutic purposes
      • Table Ultrasound devices used in various therapy areas
    • Advancements in image quality, volumetric ultrasound, and new technologies
      • Table Technologies currently used in the market
    • Growing demand for 3D and 4D ultrasound equipment
    • Focus on early diagnosis and preventive medicine
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Growing end users' preference for refurbished equipment
    • High initial set-up and maintenance cost
    • Entry barriers for new companies
    • Saturation in developed markets
      • Table Current and long-term impact of drivers and challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Growing demand for portable equipment
    • Emergence of 5D ultrasound imaging
    • Inclination toward home care
    • Application of ultrasound in new therapy areas
      • Table Ongoing clinical trials for newer applications
  • Impact of trends
    • Table Impact of trends
  • Vendor landscape
    • Table Vendors in the market
  • Key vendor analysis
    • GE Healthcare
      • Table GE Healthcare: Strength analysis
      • Table GE Healthcare: Growth strategy matrix
      • Table GE Healthcare: Opportunity assessment
    • Philips Healthcare
      • Table Philips Healthcare: Strength analysis
      • Table Philips Healthcare: Growth strategy matrix
      • Table Philips Healthcare opportunity assessment
    • Siemens Healthineers
      • Table Siemens Healthineers: Strength analysis
      • Table Siemens Healthineers: Growth strategy matrix
      • Table Siemens Healthineers: Opportunity assessment
    • Hitachi Medical Systems
      • Table Hitachi Medical Systems: Strength analysis
      • Table Hitachi Medical Systems: Growth strategy matrix
      • Table Hitachi Medical Systems opportunity assessment
    • Toshiba Medical Systems Corporation
      • Table Toshiba Medical Systems Corporation: Strength analysis
      • Table Toshiba Medical Systems Corporation growth strategy matrix
      • Table Toshiba Medical Systems Corporation opportunity assessment
    • FUJIFILM SonoSite
      • Table FUJIFILM SonoSite strength analysis
      • Table FUJIFILM Sonosite growth strategy matrix
      • Table FUJIFILM SonoSite opportunity assessment
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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