Contact Information: Media Contact: Harvey G. Klein, Ph.D. President Klein Biomedical Consultants, Inc. Tel: 212/362-0579 Mobile: 917/952-4871
Klein Report Shows Hand-Carried Ultrasound Global Revenues Grew 42 Percent in 2007 to $565 Million
GE Undisputed Leader Worldwide as Sales Grow to $250 Million Followed by SonoSite and ZONARE
| Source: Klein Biomedical Consultants
NEW YORK, NY--(Marketwire - March 4, 2008) - The second annual hand-carried ultrasound
(HCU) report issued by Klein Biomedical Consultants (KBC), the industry's
leading analyst, indicates global revenues for HCU systems grew by 42
percent in 2007 to $565 Million. The recently published The U.S. Market for
Hand Carried/Handheld Ultrasound Systems: Challenges & Opportunities - 2007
Report shows GE Healthcare became the undisputed leader in worldwide HCU
revenues, growing 50 percent to $250 million for the year. Along with GE,
Klein continues to project the market leaders in 2010 will be SonoSite and
ZONARE Medical Systems which grew 22 and 60 percent respectively during
2007.
"It continued to be a robust year for HCU system sales which is still by
far the fastest growing market segment in ultrasound," said Harvey Klein,
PhD, president of KBC. "The three leading HCU companies alone accounted for
more than 85 percent of overall revenues. We especially saw strong
international sales of 49 percent and solid U.S. growth of 33 percent led
by these three vendors."
For the purpose of this report, HCU systems are considered to weigh less
than 11 pounds. Included in this category are products from Bard, GE,
Medison, Siemens, SonoSite, Terason and others. Also included was the
ZONARE z.one system, which is characterized as a convertible system, since
it can be separated from the cart and used as a hand-carried device. The
report excluded service and veterinary care revenues. Klein reported the
U.S. continued to be the largest single market at $239 million for the year
where SonoSite maintained its lead position.
"The five largest HCU markets in the U.S. were cardiology, emergency
medicine, radiology, anesthesiology and OB/GYN," said Klein. "These markets
accounted for 60 percent of the U.S. market. Ten new HCU products were
shipped in the U.S. market during the year, including the first
pocket-sized device from Siemens. This is the most in any single year."
Klein predicts the worldwide market will grow to $1.2 billion in the next
five years with double digit growth during this time period.
"The HCU market should remain dynamic over the next five years as
clinicians face increasing demand for portable ultrasound exams," said
Klein. "We believe the growth rate for HCU will be approximately 20 percent
in the U.S. and 15 percent internationally over this time period with an
average of 17 percent worldwide. This should make the HCU market the
driving segment for increasing global ultrasound revenues overall."
About Klein Biomedical Consultants, Inc.
Klein Biomedical Consultants (KBC) is a strategic marketing consulting firm
specializing in the medical diagnostic imaging field. KBC has provided
marketing and technical guidance to well over 100 corporations over its
twenty-five year history. It is recognized as an authority on the medical
diagnostic ultrasound industry. KBC is known for its series of
comprehensive multi-client ultrasound market studies. Since 1981,
thirty-two major reports have been published, including three studies of
the ultrasound contrast agent market. KBC's list of clients includes
virtually every leading ultrasound equipment manufacturer in the world.
These manufacturers account for an estimated 90% of the nearly $4 billion
worldwide ultrasound equipment market.