Kalorama: Medical Ultrasound Systems Market Grows to $6.5 Billion

News provided by

Jul 12, 2016, 09:17 ET

NEW YORK, July 12, 2016 /PRNewswire/ -- The medical ultrasound systems market, with its developing handheld and portable technologies, grew to $6.5 billion in 2015, according to Kalorama Information. Ultrasound continues to be a low-cost and effective imaging technology that can help radiologists and other healthcare providers gather significant clinical data about patients. Ultrasound is safe, patient-friendly, and inexpensive compared to other medical imaging methods. Its flexibility, ease of use, and relatively low cost are among the features of ultrasound that will continue to spur its growth. The healthcare market research firm's report, The World Market for Ultrasound Systems, analyzes the current and potential world market for medical ultrasound systems.

The World Market for Ultrasound Systems (Traditional, Portable, Handheld, Therapeutic Category Markets) can be found at Kalorama Information: http://www.kaloramainformation.com/Ultrasound-Systems-Traditional-10157861/.

"Helping to fuel growth is miniaturization and the adoption of handheld and portable ultrasound systems, which have opened up new market niches for the imaging modality, such as emergency medicine and anesthesiology," said Bruce Carlson, Publisher of Kalorama Information. "Handheld ultrasound systems are easier to use and more convenient, for instance, when diagnosing patients with physical disabilities."

The ultrasound that used to be the size of a kitchen refrigerator is now the size of a smart phone or tablet, like the VISIQ from Philips, and yet does even a better job than it did before. Ultrasound systems eventually will not need any configuration. The systems are becoming smarter thanks to software enhancement tools, such as Toshiba's Aplio Platinum Systems. In general, group practices and hospital departments are turning to advanced analytics tools for data to streamline their work flow and improve efficiency for ultrasound and other imaging modalities.

With such developing technology, it becomes possible to clinically apply ultrasound as an initial diagnostic tool for identifying some diseases, which was not the case before. In addition, ultrasound can reduce the cost and pain associated with treatment because surgery – a biopsy – is not required, nor is the use of a radiocontrast agent as with computed tomography (CT) or magnetic resonance imaging (MRI), which may sometimes prove hazardous and unsafe.

Clinicians can seamlessly upload any patient-related data, such as medical images, video and audio files, from any device – a tablet, smart phone or personal computer – to digital patient records and view them on a tablet, smart phone, laptop or personal computer (PC). This capability also lessens diagnosis errors and speeds the communication process between various departments in the hospital and outside. These latest advances in technology optimize efficiency, accuracy and workflow.

Compact systems are essential for providing basic healthcare services in remote parts of many countries. The increasing applications of ultrasound systems are expected to boost their adoption in Brazil, among other countries. There is also a basic need for the equipment in China, for example.

Ultrasound is applied in an increasing variety of clinical settings, including obstetrics and gynecology, and cardiology. The growing list of medical ultrasound applications now includes the areas of oncology, urology, angiology, and ophthalmology. In addition to these areas, there is a growing use of ultrasound as a rapid imaging tool for diagnosis in emergency rooms. The advantages of ultrasound are that structures can be imaged without using radiation and that it can be performed much faster than x-rays or other radiographic techniques.

Manufacturers – such as Analogic, Carestream Health, Cephasonics, Esaote, GE Healthcare, Hitachi, Imorgon Medical, Mobisante, Philips, Shimadzu, Shenzhen Bestman, Siemens, Signostics Ltd., SonoSite, TomTec Imaging Systems, among others – are focusing on expanding ultrasound use in radiology. Advancements in imaging quality and workflow, as well as the rising awareness of radiation dosage with other imaging modalities, have driven greater use of ultrasound.

The World Market for Ultrasound Systems provides analysis of the current and potential world market, including the world market for medical ultrasound systems, 2015-2020; leading competitors' market share of the worldwide medical ultrasound market, 2015; U.S. ultrasound systems market, 2015-2020; traditional and non-traditional ultrasound system markets, 2015-2020; world and U.S. handheld medical ultrasound markets, 2015-2020; and world and U.S. portable medical ultrasound markets, 2015-2020.

Revenues for the global ultrasound market will continue to experience growth. The report's coverage is therefore global, including the following: European ultrasound systems market, 2015-2020; Chinese ultrasound systems market, 2015-2020; Brazilian ultrasound systems market, 2015-2020; the Asia-Pacific region (APAC) ultrasound systems market, 2015-2020; and the rest of world ultrasound systems market, 2015-2020.

Therapeutic categories covered in the report include the world Ob/Gyn ultrasound systems market, 2015-2020; the U.S. Ob/Gyn ultrasound systems market, 2015-2020; the world breast ultrasound systems market, 2015-2020; and the U.S. breast ultrasound systems market, 2015-2020.

The report generally reviews the nature and direction of research, as well as future markets. Market forecasts cover ultrasound segments and are based on an examination of current market conditions and on investigations into the development of new products by key companies. The market data provide multiple year forecasts for different product segments covered in the report. The information presented in this report is the result of data gathered from company product literature and other corporate brochures and documents, as well as information found in the scientific and trade press. In addition, interviews were conducted with company executives, clinicians and researchers.

About Kalorama Information -- Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. We routinely assist the media with healthcare topics. Follow us on Twitter, LinkedIn and our blog at www.kaloramainformation.com.

Contact:
Bruce Carlson
(212) 807-2622
[email protected]
www.KaloramaInformation.com

Logo - http://photos.prnewswire.com/prnh/20150831/262422LOGO

SOURCE Kalorama Information