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Ultrasound companies will highlight three major technology trends this week at European Congress of RadiologyFebruary 28, 2018The 2018 European Congress of Radiology (ECR) kicks off today in Vienna. ECR is one of the leading global events in radiology, and the congress will welcome nearly 27,000 attendees from over 140 countries. Three hundred exhibitors, 50 of which specialize in ultrasound, will display radiology equipment and products, and the largest international companies will host ‘Satellite Symposia’, company-sponsored educational sessions, during the congress. The on-show guide to the congress provides an outline for each Satellite Symposia and shows that ultrasound companies will focus on three technologies during the sessions—fusion imaging, contrast enhanced ultrasound (CEUS), and shearwave elastography. These technologies and their influence on the global ultrasound market are defined and discussed below.
Competitive environment shakeup - What's ahead for ultrasound companies in 2018?January 30, 2018IHS Markit discusses the biggest mergers, acquisitions, and initial public offerings of the year and analyzes the implications for the global ultrasound market.
Three global trends changing the landscape of the medical imaging equipment marketSeptember 20, 2017Growth for x-ray, ultrasound, MRI, and CT equipment will be driven by a variety of unique factors, but several trends will affect future revenues for the entire medical imaging equipment market. Three of these trends—the aging global population, the changing US healthcare culture, and the emergence of healthcare markets in developing nations—are highlighted below and followed by IHS Markit’s advice for capitalizing on these trends.
Interventional cardiology ultrasound at the forefront of medical imaging innovationAugust 30, 2017Global revenues for interventional cardiology ultrasound equipment were $131 million in 2016 and are forecast to reach $161 million in 2021. Global demographic changes, fears regarding radiation dose, and the increasing accessibility of ultrasound are driving growth for the interventional cardiology market, and interventional cardiology advancements are driving growth for minimally invasive procedures.
Changes in ultrasound customer base are increasing demand for direct manufacturer interactionJuly 24, 2017With many trends influencing the growth of the ultrasound market, it is interesting to analyze the subsequent impact on the sales channels customers use to purchase equipment. As with most medical technology, the underlying factor of shrinking healthcare budgets is shaking up the ultrasound equipment product mix. The focus is on providing the best level of care and reducing high-cost procedures through prevention rather than cure; this is changing the way in which healthcare is provided. Not only are healthcare professionals seeking products that improve the return on investment, but also products that can be used in non-traditional applications; ultrasound equipment is now used by a greater variety of professionals than ever before. This is subsequently affecting the demand for user training and for receiving information directly from manufacturers.
Analyzing the market drivers and challenges for the adoption of handheld ultrasound systemsJune 14, 2017The growing popularity of quick examinations at the point –of –care is paving the way for the adoption of handheld ultrasound systems. These are portable ultrasound systems designed to be held by the doctor or technician conducting an imaging examination. This product category includes smart devices running mobile applications that operate as functioning ultrasound systems.
Breaking down the winners and losers of the 2016 global ultrasound marketMay 24, 2017Global ultrasound revenues totaled $6.16 billion in 2016 and are forecast to grow at a CAGR of 3.6% from 2016 to 2021. The following table shows the total ultrasound revenues for Europe, Middle East, and Africa (EMEA), the Americas, and Asia Pacific in 2015 and 2016:
A bumpy road ahead for the EMEA ultrasound market – Reflections from ECR 2017March 09, 2017The European Congress of Radiology (ECR) convened in Vienna on March 1–5 2017. ECR provided an opportunity for leaders in the ultrasound industry to meet and discuss the future of the region’s ultrasound market. The EMEA ultrasound market will face several barriers to growth in 2017. The upcoming presidential elections in Germany, France, and the Netherlands are already creating a lull in ultrasound system sales as these large governments prepare for transition. Shrinking budgets in both the public and private sectors are forcing healthcare providers to delay purchases of ultrasound systems, and increased competition from Asian-based manufacturers is causing additional disruption in the market.
Traditional ultrasound still dominates the global market, but non-traditional and point of care sales are trending upJanuary 05, 2017The way in which ultrasound systems are marketed and purchased across the world is changing. Increasingly, and especially in developed markets, ultrasound systems are being designed with a specific clinical application in mind. When ultrasound was first introduced as a medical imaging tool in the mid-20th century, healthcare providers used one system for all clinical applications.
Breast screening and ABUS: an opportunity for radiologists to improve population health metricsDecember 06, 2016The 102nd Scientific Assembly and Annual Meeting of the Radiological Society of North America took place from 27 November to 2 December 2016 in Chicago. On Monday, 28 November, RSNA announced the results of a large study that found no evidence supporting age-based mammography cut-off.
Outpatient growth drives ultrasound equipment volumesNovember 03, 2016The global ultrasound imaging equipment market is estimated to have been worth $6.16 billion in 2015; an increase of 1.2% from 2014. This rate of growth is lower than previously forecast, which is primarily due to the impact of a strong US dollar and other foreign exchange fluctuations, which affected the sales of foreign US subsidiaries. The market also experienced a period of highly competitive pricing which lowered average sales prices (ASP), particularly in Latin America and Europe. For some vendors, this ASP erosion was further exacerbated by the effects of shifting foreign exchange rates. Stronger growth is predicted for 2016 because of new product launches from Carestream, Fukuda Denshi, Hitachi-Aloka, and VisualSonics (Fujifilm SonoSite), and because of increased volumes in point of care and obstetrics applications. On a unit volume basis, shipments were up by 4% over 2014. The results for 2016 are expected to be closer to a 5% increase. Growth in the market through 2020 is being driven by uptake of mid-range and high-end cart-based systems in both emerging and developed markets for use in traditional applications. Uptake will also be bolstered by further development of the use of compact ultrasound systems in point-of-care (POC) applications.
Will artificial intelligence become the brainpower behind medical imaging?July 25, 2016Software solutions have long been an important consideration for purchasers of medical imaging equipment. The initial focus has typically been on software supporting storage and communication of digital images through ‘digital imaging and communications in medicine’ (DICOM) capabilities and ‘picture archiving and communication systems’ (PACS). Widespread adoption of electronic medical records (EMRs) has helped to drive recent developments in software, which have expanded interest in artificial intelligence, image reconstruction algorithms, and computer-aided detection and diagnosis. Ultimately, these systems have the same aim: to recognise clinical problems and abnormalities in digital images to assist diagnosis and improve results.
Brazil – Ultrasound Market Forecast Update AlertDecember 14, 2015As the year draws to a close, one of the highest growth markets for ultrasound imaging equipment has taken a significant downturn. The Brazilian ultrasound market has hugely underperformed against the IHS forecast due to a poor economic climate. As a result, IHS has amended the top-level initial five year forecast for the market.
Ultrasound – the largest medical imaging market globallyOctober 08, 2015More ultrasound systems were sold in 2014 than CT, MRI and X-ray combined. Over 170,000 ultrasound systems were estimated to have been shipped globally in 2014, accounting for over 60% of the total medical imaging market. Strong growth is forecast in the ultrasound market, with over 1 million ultrasound systems projected to be sold during the period 2014 to 2019. Uptake will be driven by demand in traditional applications such as radiology and OB/GYN in developing regions and the expanding use of ultrasound in new applications including MSK and critical care, and procedural guidance in mature markets.Subscribers Only
New medical device catalog to drive growth for domestic suppliers in ChinaSeptember 28, 2015In May 2014, the National Healthcare and Family Planning Commission (NHFPC) launched the ‘Excellent Domestic Medical Device Selection’ program. This is the first government approved open selection of domestic medical devices in China in order to form the ‘Excellent Domestic Medical Device’ catalog. In such a large potential medical electronics industry, fighting for more market share for local brands will always be a core focus of the Chinese government creating an increasingly challenging environment for multinational suppliers.
CMP - A new positive signal for local medical device suppliers in China?July 07, 2015The recently announced China Medical Device Procurement Public Service Platform (CMP) is set to transform the medical equipment market in China. Benjamin Niu (lead analyst for the Chinese medical device market at IHS) attended the 2015 Health Industry Summit (tHIS) in May this year. Opening to crowds of over 210,000 visitors from over 150 countries, tHIS is the largest healthcare show in Asia. And the CMP was a clear focus.
Growing focus on medical digitalization driving growth in the Chinese healthcare IT marketJuly 07, 2015At the recent 2015 Health Industry Summit (tHIS) one trend was evident. China is accelerating towards the golden age for medical digitalization. Benjamin Niu, medical electronics and healthcare IT analyst for IHS, forecasts that in 2016, the total investment on medical digitalization will come to 34 billion RMD fueling expansion and implementation of healthcare IT systems in China.
What does the future hold for premium ultrasound systems in a cost sensitive market?April 02, 2015What does the future hold for premium ultrasound systems in a cost sensitive market?
Carestream Makes Waves in Ultrasound Market with Launch of TouchFebruary 03, 2015Carestream launched its first venture into the ultrasound market with the introduction of its Carestream Touch ultrasound system at RSNA 2014.
Ultrasound Market Update: Philips Healthcare to Acquire Volcano CorpFebruary 03, 2015Philips Healthcare announces its plan to acquire Volcano Corp., an acquisition that further signals the consolidation of the ultrasound market towards clinical application groups.