Navigation Links
GE Healthcare Set to Take Share from Siemens and Philips in the $1.2 Billion US Ultrasound Market
Date:9/27/2010

TORONTO, Sept. 27 /PRNewswire/ -- According to Millennium Research Group (MRG), the global authority on medical technology market intelligence, GE was the overall leader in the US ultrasound system market last year. Not only did the company increase its lead over Philips and Siemens in the market, but it also earned a strong presence in the fast-growing emerging ultrasound system segment that year. This diverse portfolio has enabled GE to maintain a solid lead in the overall US ultrasound system market.  In particular, its strategic focus on new product offerings in the emerging application segment situates the company for robust growth through 2014.

The emerging application segment in ultrasound includes systems that are used for regional anesthesia, emergency medicine, surgery, critical care, and vascular access. Over the next five years, growth in this segment will dwarf gains in the traditional radiology and cardiology ultrasound markets. GE has realized the potential of compact systems in the emerging ultrasound applications and has focused on penetrating these segments. The company is addressing the user-specific needs in the various emerging application segments with its new Venue 40 series, which was released at the end of 2009. Venue 40 is aimed at meeting the needs of point-of-care ultrasound and can be used for vascular access, anesthesia, and other applications. With a strengthening focus on the emerging markets and an established presence in the mature markets, GE is well positioned to be a leader in the US ultrasound system market in the upcoming years.  

"GE went from having less than 10% market share in the emerging ultrasound market in 2007 to having 27% in 2009," says Isuru Silva, Analyst at MRG.  "Since 2007, the company has widened its lead over Siemens and Philips with innovative products and will continue increasing its market share. GE's newest offerings and product line extensions, such as LOGIQ E9 and Venue 40, make it easier for physicians to perform procedures such as anesthesia, and to gain vascular access. Combine this with GE's aggressive sales and marketing push and you see a clear winner emerging in this market."

MRG's US Markets for Ultrasound Systems 2010 report provides critical insight into trends that will fuel market growth for ultrasound systems used in the emerging applications, as well as the more mature markets of radiology, cardiology, vascular, and women's health. A strong focus will also be made on the growing influence of compact systems in the overall US ultrasound system market.  

About Millennium Research GroupMillennium Research Group (www.MRG.net), a Decision Resources, Inc. company (www.DecisionResourcesInc.com), is the global authority on medical technology market intelligence and the leading provider of strategic information to the healthcare sector. The company provides specialized industry expertise through multiclient market research, ongoing Marketrack™ projects, customer behavior tracking, facility-level procedure forecasting, and customized solutions.

About Decision Resources, Inc.Decision Resources, Inc. is a cohesive portfolio of companies that offers best-in-class, high-value information, and insights on important sectors of the healthcare industry. Clients rely on this analysis and data to make informed decisions. Please visit Decision Resources, Inc. at www.DecisionResourcesInc.com.

All company, brand, or product names contained in this document may be trademarks or registered trademarks of their respective holders.For more information, contact:Amy KrohnMillennium Research Group416-364-7776 ext. 101akrohn@mrg.netChris ComfortDecision Resources, Inc. 781-993-2597ccomfort@dresources.com
'/>"/>

SOURCE Millennium Research Group
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Keryx Biopharmaceuticals to Present at JMP Securities Healthcare Conference
2. Orexigen® Therapeutics to Speak at Fifth Annual JMP Securities Healthcare Conference
3. Perrigo Confirms Filing for Omeprazole/Sodium Bicarbonate and Announcement of Patent Infringement Lawsuit by Schering-Plough Healthcare Products
4. Stereotaxis to Present at the JMP Securities Healthcare Conference
5. Pharmasset to Present at the JMP Healthcare Conference
6. Echo Therapeutics to Present at the JMP Securities Healthcare Conference
7. AlloSource Named Colorados Top Healthcare Company
8. Healthcare Communications Group Ranked on the 2010 Inc. 5000
9. Reportlinker Adds The Impact of US Healthcare Reform on Pharma: Analyzing the Effects
10. J.D. Power and Associates Reports: As Consumers Shoulder More Healthcare Expenses, Cost Increasingly Drives Overall Customer Satisfaction With Pharmacies
11. HealthWarehouse.com Partners with Columbia Medical Associates to Bring Affordable Healthcare to Washington State
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/24/2016)... , June 24, 2016 Research ... World Market for Companion Diagnostic Tests" report to their ... Market for Companion Diagnostics The World Market ... and personalized medicine diagnostics. Market analysis in the report includes ... Test Market (In Vitro Diagnostic Kits) by Region (N. America, ...
(Date:6/24/2016)... , June 24, 2016  Arkis BioSciences, a ... invasive and more durable cerebrospinal fluid treatments, today ... The Series-A funding is led by Innova Memphis, ... and other private investors.  Arkis, new financing will ... and the market release of its in-licensed Endexo® ...
(Date:6/23/2016)... , June 23, 2016 ... "Pharmaceutical Excipients Market by Type (Organic Chemical (Sugar, ... Formulation (Oral, Topical, Coating, Parenteral) - Global Forecast to ... The global pharmaceutical excipients market ... at a CAGR of 6.1% in the forecast period ...
Breaking Medicine Technology:
(Date:6/26/2016)... ... June 26, 2016 , ... PawPaws brand pet supplements ... was developed to enhance the health of felines. The formula is all-natural and is ... herbs in the PawPaws Cat Kidney Support Supplement Soft Chews are Astragalus ...
(Date:6/25/2016)... ... ... Austin residents seeking Mohs surgery services, can now turn to Dr. Jessica Scruggs ... for medical and surgical dermatology. , Dr. Dorsey brings specialization to include Mohs surgery, ... Micrographic Surgery completed by Dr. Dorsey was under the direction of Glenn Goldstein, MD, ...
(Date:6/25/2016)... ... June 25, 2016 , ... As a lifelong Southern Californian, ... and his M.D from the David Geffen School of Medicine at UCLA. He trained ... Angeles to complete his fellowship in hematology/oncology at the UCLA-Olive View-Cedars Sinai program where ...
(Date:6/24/2016)... , ... June 24, 2016 , ... A recent ... most people are unfamiliar with. The article goes on to state that individuals are ... many of these less common operations such as calf and cheek reduction. The Los ...
(Date:6/24/2016)... ... June 24, 2016 , ... The ... in Dallas that it will receive two significant new grants to support its ... PHA marked its 25th anniversary by recognizing patients, medical professionals and scientists for ...
Breaking Medicine News(10 mins):