The U.S. ultrasound market grew 10.2% in 2001, exceeding expectations and reaching $1.1 billion in total revenues, according to ultrasound research firm Klein Biomedical Consultants (KBC) of New York City.
Founder and president Harvey Klein attributed the growth to factors such as a strong radiology market and a strong showing for high-end systems. An increase in upgrade revenues and a stabilization of system prices also sparked growth, Klein said. Klein cited the competitive environment in the ultrasound industry as a key growth driver.
Siemens Medical Solutions of Iselin, NJ, retained its number one position in the industry, followed by Philips Medical Systems of Bothell, WA, and GE Medical Systems of Waukesha, WI, according to KBC. The three vendors account for 84% of the U.S. ultrasound market. The consulting firm included its findings in a recently issued report, called The Medical Diagnostic Ultrasound Market in the USA: Challenges & Opportunities in the New Millennium.
By AuntMinnie.com staff writersJune 24, 2002
Related Reading
Major vendors digest ultrasound acquisitions, November 25, 2001
Ultrasound market reaches $3 billion in 1999, April 4, 2001
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