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Cranfield, UK, 18th September 2024 – Co-authored by Mustafa Hassan, PhD and Aiyana Amess
Thank you for your interest in our free ‘Ultrasound Equipment 2024 Infographic’.
The top four Vendors in the ultrasound market remain unchanged, with GE HealthCare securing its position as market leader. However, Samsung Healthcare is gaining market share and is closing the revenue gap between itself and Canon Medical.
To maintain their positions in the short term, the major vendors will need to continue to focus on the mid-range/low-end segments. These markets have become increasingly competitive due to cost-effective offerings from Asian vendors. Being price competitive will attract customers in the short term, especially in the more price-sensitive regions. However, the challenger vendors also need a clear long-term strategy. To remain competitive and ensure their longevity within the market, they must build a varied portfolio to make their offering as comprehensive as possible.
Handheld ultrasound uptake is improving but is still yet to hit the mainstream market. To continue the increased adoption of handheld ultrasound, vendors will need to continue their market education activities. They will also need to continue to develop the technological innovation of handheld devices to demonstrate their effectiveness.
Related Research
The ‘Ultrasound Equipment – World – 2024‘ report provides a data-centric analysis of current and projected demand for cart-based, compact and handheld ultrasound systems. It features analysis of 30 geographic markets, with breakdowns by clinical application and product mix. The report is based on a robust primary research method and sales data reported by vendors of ultrasound equipment.
About The Authors
Mustafa Hassan, PhD
Mustafa joined Signify Research in 2020 as part of the Medical Imaging team which covers areas such as ultrasound, general radiography and machine learning in medical imaging. Prior to that he obtained a PhD in Pharmacy and Physiology from the University of Kent and has three years of post-doctoral experience working on optimising healthcare for genetic Cardiac diseases.
Aiyana Amess
Aiyana joined Signify Research in 2023 as part of the Medical Imaging team. She graduated from Loughborough University with a BSC in Medicinal and Pharmaceutical Chemistry, receiving a diploma in industrial studies after completing an internship at Roche.
About the Medical Imaging Team
Signify Research’s Medical Imaging team formulates expert market intelligence for some of the leading Ultrasound, CT, MRI, and X-ray vendors. Combining primary data collection and in-depth discussions with industry stakeholders, our thorough research approach yields credible quantitative and qualitative analysis, helping our customers make critical business decisions with confidence. Furthermore, our commitment to seeking a plurality of perspectives across the markets we cover guarantees that our insights remain independent and balanced.
About Signify Research
Signify Research provides healthtech market intelligence powered by data that you can trust. We blend insights collected from in-depth interviews with technology vendors and healthcare professionals with sales data reported to us by leading vendors to provide a complete and balanced view of the market trends. Our coverage areas are Medical Imaging, Clinical Care, Digital Health, Diagnostic and Lifesciences and Healthcare IT.
Clients worldwide rely on direct access to our expert Analysts for their opinions on the latest market trends and developments. Our market analysis reports and subscriptions provide data-driven insights which business leaders use to guide strategic decisions. We also offer custom research services for clients who need information that can’t be obtained from our off-the-shelf research products or who require market intelligence tailored to their specific needs.
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