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

Philips Integrates Reacts Tele-Ultrasound Platform on Lumify Portable Systems

Image courtesy of Philips Healthcare

News | Ultrasound Imaging | March 30, 2018
Philips in partnership with Innovative Imaging Technologies (IIT) announced an industry-first integrated tele-...
Toshiba Medical Rolls Out Interactive Learning Tools for Ultrasound and Vascular Training
News | Ultrasound Imaging | December 04, 2017
Toshiba Medical, a Canon Group company, introduced new educational tools and interactive learning resources to help...
Toshiba Medical's Portable Ultrasound Used in Second Pediatric Mission in Tanzania
News | Ultrasound Imaging | October 05, 2017
October 5, 2017 — To provide lifesaving surgical care for sick children in one of the most underserved countries, 13
Clarius Wireless Ultrasound Scanners Now Available With Advanced Features
News | Ultrasound Imaging | August 09, 2017
Clarius Mobile Health has released advanced features and options for its wireless handheld ultrasound scanner for...
Oregon Tech Partners with Mindray for High-Tech Ultrasound Education
News | Ultrasound Imaging | August 04, 2017
To better prepare its ultrasound students to compete and thrive in the evolving healthcare environment, Oregon...
News | Ultrasound Imaging | March 28, 2017
Young rabbits exposed to ultrasound during fetal development had weaker thighbones than unexposed rabbits, according to...
ultrasound systems market, $5 billion, 2023, GlobalData report
News | Ultrasound Imaging | January 25, 2017
The ultrasound systems space, which covers 39 major markets, is set to rise steadily from $4.2 billion in 2016 to $5...
GE Healthcare, Vscan Extend, app-based ultrasound, dual-probe, RSNA 2017
Technology | Ultrasound Imaging | January 12, 2017
GE Healthcare unveiled its new generation of pocket-sized, dual-probe ultrasound, the Vscan Extend. From the hospital...
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
Overlay Init