Ultrasound Systems - South America Analysis and Market Forecasts
Ultrasound systems are widely used to achieve early detection and clinical assessment, providing non- radioactive, cost-effective diagnostic ultrasound imaging in a variety of clinical settings. With the growth of the elderly population and rising prevalence of diseases worldwide, the need for ultrasound systems is growing consistently. Real-time 3D/4D ultrasound systems lead the ultrasound devices market with a steady growth, due to their effective functionalities and advanced features. Meanwhile, 3D ultrasound systems draw a respectable portion of revenue of the ultrasound business due to cost-effective offerings. The market for 2D ultrasound systems is mainly driven by rural and remote areas with low economic resources. Additionally, today’s handheld ultrasound systems with better image quality and more advanced modes have consistently gained acceptance. Due to their reduced size and ease of use, handheld systems play an important role in the point-of-care market and can be used by healthcare personnel other than radiologists. These systems are expected to drive the ultrasound devices market to new heights.
This report provides insight into the adoption trends, market dynamics, competitive landscape, marketed and pipeline products, current and emerging players, as well as market outlooks in the South American market. The report identifies the unmet needs in the market while providing an understanding of physicians’ perceptions in using and evaluating the adoption of different types of ultrasound systems.
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Key Questions Answered
- What is the current and future ultrasound systems market outlook in South America? What trends are affecting the South American market?
- What is the competitive landscape and market share of major players in the ultrasound systems space in South American?
- What are the key, high growth markets that ultrasound systems manufacturers should expand into? Which market segments are growing the fastest?
- What are the unmet needs with the ultrasound systems currently on the market? How will emerging technologies fulfill these unmet needs?
- What is physician perception and market outlook of ultrasound systems?
- What are the challenges and barriers that have hindered widespread adoption of ultrasound systems?
Reasons to buy
- “What Do Physicians Think” quotes provide a unique insight into how healthcare professionals are reacting to events within the industry, and what their responses could mean for industry strategists. This information is essential for all strategic decision makers in every organization allowing them to act on high quality information.
1 Table of Contents
1 Table of Contents 1
1.1 List of Tables 5
1.2 List of Figures 7
2 Introduction 13
2.1 Catalyst 13
2.2 Related Reports 13
2.3 Technology Overview 14
2.3.1 A-Mode 16
2.3.2 2D Ultrasound 16
2.3.3 M-Mode 17
2.3.4 Doppler Mode 17
2.3.5 3D Ultrasound 18
2.3.6 Real-Time 3D/4D Ultrasound 19
3 Market Access 19
3.1 Reimbursement 19
3.1.1 South America 24
3.2 Regulatory Issues/Recalls 26
3.3 M&A/Key Partnerships 28
4 Unmet Needs 29
4.1 Overview 29
4.2 Instrumentation Improvement 30
4.3 Inter-Instrument Variability 31
4.4 Ultrasound Remains Significantly Operator-Dependent 32
5 Competitive Assessment 34
5.1 Major Players 34
5.1.1 GE Healthcare Limited 34
5.1.2 Siemens Healthcare GmbH 37
5.1.3 Philips Healthcare 39
5.1.4 Toshiba Medical Systems Corporation 42
5.1.5 Analogic Corporation 44
5.1.6 Esaote S.p.A. 47
5.1.7 Fujifilm Holdings Corporation 49
5.1.8 Hitachi, Ltd. 52
5.1.9 Mindray Medical International Limited 55
5.1.10 Samsung Medison Co. Ltd. 58
5.2 Pipeline Products Assessment 61
5.3 Clinical Trials 63
5.4 Company Share Analysis 66
5.4.1 South America 72
6 Market Outlooks 73
6.1 Procedure Trends 73
6.1.1 Growing Clinical Role of Ultrasound Elastography 73
6.1.2 Contrast Ultrasound Imaging to Foster Growth 75
6.1.3 Gaining Popularity of Portable Ultrasound Systems 78
6.1.4 Newer Applications for Diagnostic Ultrasound on the Horizon 80
6.1.5 Fusion Imaging 80
6.2 Market Drivers and Barriers 81
6.2.1 Driver: Rising Prevalence of Diseases 81
6.2.2 Driver: Escalating Global Population 81
6.2.3 Driver: Increased Demand for Cost-Effective Quality Healthcare 82
6.2.4 Driver: Newer Technologies to Drive the Growth of the Market 83
6.2.5 Driver: Increased Consciousness Regarding Radiation Dose 83
6.2.6 Driver: Compact Systems to Drive Growth 84
6.2.7 Driver: Expanding Use of Ultrasound by Non-Radiologists 85
6.2.8 Driver: Steady Reimbursement and Other Government Funding 86
6.2.9 Driver: Population-Based Screening Applications Using Diagnostic Ultrasound 86
6.2.10 Barrier: Shortage of Dedicated Ultrasound Technologists 87
6.2.11 Barrier: Less Monetary Incentive to Use Ultrasound in Comparison with Other Techniques 88
6.2.12 Barrier: Lifestyle-Related Diseases May Tip the Scales 89
6.2.13 Barrier: Reduced Hospital Budgets 91
6.2.14 Barrier: Availability of Venture Capital? 91
6.3 Market Outlooks by Segment 93
6.3.1 By Region 95
6.4 Market Outlooks by Geography 102
6.4.1 South America 119
7 Appendix 124
7.1 Data Book 124
7.1.1 Market Value 124
7.1.2 Market Volume 131
7.2 Bibliography 138
7.3 Abbreviations 141
7.4 Methodology 143
7.4.1 Overview 143
7.4.2 Coverage 143
7.4.3 Secondary Research 143
7.5 Forecasting Methodology 144
7.6 Primary Research Efforts 144
7.7 About the Authors 144
7.7.1 Tina Deng, MSc, MBS, Analyst, Medical Devices 144
7.7.2 Sarah Janer, Analyst - Medical Devices 145
7.7.3 Linda Tian, MSc, Managing Analyst, Medical Devices 145
7.7.4 Tyler Fletcher, Global Head of Medical Devices 145
7.8 About GlobalData 146
7.9 Contact Us 146
7.10 Disclaimer 146
1.2 List of Figures
Figure 1: South America Company Share for Ultrasound Systems, 2016 73
Figure 2: South America Ultrasound Systems Market Forecast ($m), 2014-2023 100
Figure 3: South America Market Value Forecast for Ultrasound Systems by Geography, $m, 2014-2023 120
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.