Radiation safety standards are becoming increasingly stringent. Ultrasound systems, however, present no such safety threats, and manufacturers are trying to enhance the versatility of these devices, both in primary and secondary diagnosis. Elastography, therapeutic, and contrast-enhanced ultrasound are poised to provide new and more effective diagnostic applications.
New analysis from Frost & Sullivan (Palo Alto, CA, USA), an international growth consultancy company, found that market revenues that remained at US$371 million in 2008 will reach an estimated $438 million in 2015. The following market sectors are covered in this research: urology, obstetrics and gynecology, and surgical ultrasound.
"While the ultrasound market in Europe is saturated and is primarily a replacement one, nevertheless, the therapeutic and contrast enhanced ultrasound segments are projected to experience stable growth,” noted Frost & Sullivan research analyst Shriram Shanmugham. "As clinical research becomes more intensive, research facilities and ultrasound companies are forming associations in order to accelerate ultrasound development.”
A key benefit offered by ultrasound systems is that they do not emit any radiation. Moreover, while therapeutic procedures of these systems are noninvasive, patient recovery time is also faster. However, with the economic recession, many hospitals have had to contend with reduced budgets. Hospitals have allocated budgets at the beginning of every fiscal year directed towards equipment purchase, services, and staff hiring among others. Due to the recession, hospitals have been attempting to save money by either delaying their investments in medical equipment or buying used/refurbished systems. The money saved is typically spent on maintaining hospital productivity.
"The procurement of used and refurbished systems has become a priority for hospitals that do not have the money to invest in new medical equipment,” explained Mr. Shanmugham. "Another situation that is hampering new purchases is the trend of hospitals postponing equipment acquisition to the next fiscal year.”
Ultrasound manufacturers should stress the importance of investing in new equipment. They should provide a detailed portfolio of the transitions expected with ultrasound technology and convince hospitals to look into the long-term benefits accrued from such investments. "Enhancing customer interaction will key for manufacturers, particularly currently, at a time of recession,” concluded Mr. Shanmugham. "Manufacturers can promote specialized programs that focus on customer involvement, ensuring customer loyalty in the long-term.”
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