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Ultrasound Systems - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016
Ultrasound Systems - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016
The Ultrasound Systems Market is Expected to Grow at a CAGR of 6% from 2009 to 2016
Hyderabad,
AP,
India
(prbd.net)
18/01/2011
The global market for ultrasound systems is forecast to grow from $3.7 billion in 2009 to $5.4 billion by 2016 with a Compound Annual Growth Rate (CAGR) of 6%. The Color Doppler Ultrasound Systems market is the largest in terms of market size and accounts for nearly 93% of the revenue generated from ultrasound systems. The global market for Color Doppler ultrasound systems market is forecast to grow from $3.4 billion in 2009 to about $5.1 billion by 2016 with a CAGR of 6%. The Black and White (B/W) ultrasound systems market was valued at $265m and is forecast to grow at a CAGR of 2% to reach $310m by 2016.
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With increasing demand for ultrasound diagnostic imaging, the market will be driven by portable ultrasound systems. In 2009, the portable ultrasound systems market was valued at $739m and by 2016 the portable ultrasound systems market is expected to reach $1.4 billion growing at a CAGR of 9%.
The ultrasound systems market in the US was valued at $1.5 billion in 2009 and is expected to reach $2.1 billion by 2016 with a CAGR of 5%. Globally, the US remains the largest market for ultrasound systems and contributes to 40% of the global revenue generated. The demand for ultrasound diagnosis in the US will be driven by high awareness level among patients about various diseases leading to proactive screening, coupled with advancements in portable ultrasound systems. Another factor which is likely to drive the US market is the wider application of ultrasound in anesthesiology and surgery.
In 2009, GE Healthcare and Philips Healthcare together accounted for 43% of the global ultrasound systems market. Both these companies hold a competitive advantage in the ultrasound systems market due to strong brand recognition and a comprehensive product portfolio. Presently, the ultrasound systems market is dominated by few players. However, the recent entry of new players in the market could see heightened competitive intensity due to multiple product launches by both the existing and new players in the market.
GlobalData’s new report, “Ultrasound Systems - Global Pipeline Analysis, Opportunity Assessment and Market Forecasts to 2016” provides key data, information and analysis on the global ultrasound systems market. The report provides market landscape, competitive landscape and market trends information on the ultrasound systems market. The report provides comprehensive information on the key trends affecting the market, and key analytical content on the market dynamics. The report also reviews the competitive landscape and technology offerings. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts
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