Feature | May 30, 2014

U.S. Ultrasound Market Grows to All-time High in 2013

Klein report indicates 8 percent growth in radiology market despite declines in reimbursement and slow economic recovery

2013 Ultrasound Market Report Klein Biomedical Consultants Inc.

May 30, 2014 — According to The Medical Diagnostic Ultrasound Market in the USA: Challenges & Opportunities in the New Millennium, 2013 report, the U.S. ultrasound market grew almost 3 percent last year compared to 2012 to reach an all-time high of $1.44 billion. Authored by long-time U.S. ultrasound market analyst Harvey Klein, Ph.D., the report reflects double-digit growth in the point-of-care market, which was partially responsible for the rise in market revenues.

“In spite of the uncertainties caused by the Affordable Care Act, continued declines in reimbursement and slow economic growth, we saw an uptick in ultrasound purchases,” said Klein. “Musculoskeletal and critical care point-of-care markets showed outstanding growth. Radiology grew 8 percent, but the gain was somewhat offset by a decline in cardiology.”

Klein attributes the decline in cardiology partially to the late introduction of the Philips’ EPIQ system, which he considers to be the next wave of premium systems. The expectation of this launch stalled the market and shipments of the system were too late in the year to have a positive impact on the growth of the cardiology market. This decline was also reflected in GE stretching its share lead by several percentage points over Philips, the number two competitor in the overall U.S. market.

“We did not see a shift from premium systems to lower performance systems,” Klein said. “We did see further consolidation in the industry with the acquisition of Ultrasonix by Analogic and the purchase of ZONARE by Mindray. The combined shares of the top four companies were relatively unchanged year-over-year remaining at about 75 percent.”

Each of the three top selling products had revenue of over $100 million and all were in the premium category. The GE LOGIQ E9 radiology system became the number one selling product on the market in 2013.

The report is the 32nd annual report in the series. In it, Klein also predicts the U.S. ultrasound market will grow to $1.88 billion by 2018, representing an annual rate of growth of 5.8 percent.

Related Content

GE Healthcare, Vivid iq portable cardiovascular ultrasound, RSNA 2016, launch
Technology | Cardiovascular Ultrasound| September 22, 2016
September 22, 2016 — GE Healthcare announced the global commercial launch of its new generation of high-end portable
Transesophageal Echo, TEE. Interventional echocardiography, interventional echo, Philips, CX50

Transesophageal echo (TEE) has become an essential part of the new transcatheter structrual heart therapies, giving rise to a new sub-speciality of interventional echocardiography.  

Feature | Cath Lab Navigation Aids| September 21, 2016 | Dave Fornell
The rapid growth of transcatheter structural heart procedures and the need for increased use of echocardiography as a
Toshiba, Aplio 500 Platinum ultrasound, International Contrast Ultrasound Society, ICUS, live case, contrast-enhanced ultrasound
News | Ultrasound Imaging| September 07, 2016
September 7, 2016 — Toshiba America Medical Systems Inc.
best ultrasound technician schools, 2016 ranking, College Choice
News | Ultrasound Imaging| August 22, 2016
August 22, 2016 — College Choice, a leading authority in college and university rankings and resources, has published
Absorb, bioresorbable stent, FDA approval, FDA approves, FDA clears, most popular content, most popular stories, DAIC

The FDA clearance of the first bioresorbable stent, the Abbott Absorb, the first week of July has been the most popular story so far for all of 2016. It is the first fully dissolving stent approved for the U.S. market and many experts say this technology could be a paradigm shift in coronary and peripheral therapies in the coming years as the technology improves. 

Feature | August 05, 2016 | Dave Fornell
 
mitral valve surgery outcomes, twisting of the heart, echocardiography, NICSMR, JACC Basic to Translational Science
News | Heart Valve Technology| July 20, 2016
A novel study has found a simple pre-operative echocardiographic measurement of the amount of torsion of the heart...
ASE, SCCT, SCMR, guideline, multimodality imaging, transposition of the great arteries, TGA
News | Congenital Heart| July 20, 2016
At the end of June, experts from three different medical societies released a new guideline to help optimize lifetime...
ContextVision, US PLUSView ultrasound enhancement software, iOS
Technology | Ultrasound Imaging| July 11, 2016
ContextVision has signed a contract to bring its US PLUSView ultrasound image enhancement software to hand-held iOS-...
Csound, GE ultrasound, cSound, Mitral valve, cardiac ultrasound

An example of improved cardiac ultrasound image processing using the GE cSound technology, which can create CT-like quality 3-D renderings of the anatomy.

Feature | Cardiovascular Ultrasound| July 11, 2016 | Jon Brubaker, MBA, RCVT and Sabrina Newell MS, RCS
There were several overall key trends evident at the 2016 meeting of the American Society of Echocardiography in June
ASE 2016, echo, echocardiography, cardiac ultrasound, annual meeting, ASE.16, American Society of Echocardiography
Feature | Cardiovascular Ultrasound| July 01, 2016
Below is a round up of news and videos about new cardiac ultrasound technology discussed in sessions and on the expo
Overlay Init