LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global 3D/4D ultrasound equipment market 2017-2021 report. This market research report also lists 13 other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the global 3D/4D ultrasound equipment market is highly fragmented with the key players accounting for the majority share of the market. Key players are adopting many strategies such as geographical expansion, product development, long term contract with various hospitals and diagnostic centers and other business strategies like product branding and marketing to remain competitive. Also, other players such as Samsung Medison, Esaote, and Hitachi are establishing their presence in the global 3D/4D ultrasound equipment market.
“The advances in technology such as cloud and software to connect sonography devices with smartphones or tablets, and wireless technologies like Bluetooth are increasing the adoption of this 3D/4D ultrasound equipment. Key vendors are acquiring smaller companies and partnering with other leading vendors to strengthen their technological expertise. For instance, in 2015, the acquisition of Volcano by Koninklijke Philips has further strengthened the latter’s product portfolio,” says Barath Palada, a lead analyst at Technavio for medical imaging research.
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Technavio market research analysts identify the following key vendors:
GE Healthcare
GE Healthcare is the leading vendor of the global 3D/4D ultrasound equipment market. It manufactures market patient monitoring, diagnostic imaging systems, cardiac devices, and healthcare IT solutions. The company has a footprint in more than 130 countries. Through the healthcare systems sub-segment, GE Healthcare manufactures and markets a wide range of ultrasound equipment.
Philips Healthcare
Philips Healthcare manufactures and markets diagnostic imaging systems, patient monitoring devices, and cardiology equipment. The company operates under the healthcare, consumer lifestyle, lighting, innovation, and group and services segments. The healthcare segment offers imaging systems; patient care and monitoring solutions; customer service; and healthcare informatics, solutions, and services sub-segments.
Toshiba Medical Systems
Toshiba Medical Systems dominates the market in Japan and is steadily increasing its global market share. Also, this is the only major company in the healthcare industry that provides diagnostic ultrasound systems, diagnostic X-ray systems, MRI systems, and diagnostic nuclear medicine systems. It also offers medical imaging solutions and in-vitro diagnostics. The company sells its 3D/ 4D ultrasound products under the vascular access segment.
Siemens Healthineers
Siemens Healthineers is one of largest suppliers of medical imaging, diagnostics, and health IT to the healthcare industry, worldwide. The company is also prominent in the digital and enterprise services field as well as in molecular diagnostics. The company offers medical technology and software solutions as well as clinical consulting services, supported by a complete set of training and service offerings. It operates under the brand name Healthineers, and its business is further segmented into six business areas diagnostic imaging, laboratory diagnostics, advanced therapies, ultrasound, and POC diagnostics and services.
Shenzhen Mindray Bio-Medical Electronics
Shenzhen Mindray Bio-Medical Electronics develops, manufactures, and markets medical devices worldwide. The company operates through three major business segments, namely, patient monitoring and life support products, in-vitro diagnostic products, and medical imaging systems. The medical imaging systems segment offers ultrasound systems used in medical fields, such as urology, gynecology, obstetrics, and cardiology; digital radiography systems; and MRI systems. The company also provides orthopedic products, endoscopy devices, and healthcare IT solutions.
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