Ultrasound Equipment Sector in United States Expected to Grow Through 2020

Ultrasound equipment market in the United States is expected to remain stable and continue to grow, exceeding USD 2 billion by 2020 as revealed in a report by iData Research (Burnaby, BC, Canada).

More than 50% of the United States healthcare ultrasound market consists of sales of cardiology and radiology equipment, including regular replacement of old equipment with new. The market is driven by new technological advances such as ultrasound needle placement procedures performed by anesthesiologists, which have increased by 200% in the period 2010—2013, are radiation-free, and cost less than comparable radiation-based imaging techniques.

More than 50% of the market is dominated by GE Healthcare (Chalfont St Giles, Buckinghamshire, UK), SonoSite (Bothell, Washington, USA), and Royal Philips (Amsterdam, the Netherlands), although 15 more ultrasound equipment manufacturers such as Esaote (Genova, Italy), and Mindray (Nanshan, Shenzhen, China) are also important players.

According to Dr. Kamran Zamanian, CEO of iData Research, "Medical device markets are often volatile, spiking up and down with FDA approvals and reimbursement changes, but, the ultrasound equipment market shows unusual stability. A noticeable, steady level of growth is projected."

Related Links:
iData Research
GE Healthcare
Mindray