The global ultrasound

equipment market in 2018

Global ultrasound
Global market for ultrasound equipment, 2017 revenues totaled
9,000 8.0% $6,644.1 million in 2017
8,000 7.0% and grew 7.6% from
7,000 6.0%
Revenue ($ millions)

2016, representing the

Annual growth rate

6,000
5,000
5.0%
largest year-over-year market
4.0% growth rate in several years.
4,000
3.0%
3,000
2.0%
2,000 The United States and China,
1,000 1.0%
the two largest sub-regional ultrasound
0 0.0% markets in the world, experienced
2016 2017 2018 2019 2020 2021 2022
Year double-digit revenue growth. IHS
Ultrasound equipment revenues Annual growth rate Markit expects continued healthiness in
the global ultrasound market in 2018,
but revenue growth will not reach the
same rate as it did in 2017.

The global ultrasound market’s growth The healthiness of the American Market slowdowns are forecast for
rate will fall to 2% in 2020 before and Asia-Pacific markets drove China, Japan, and the United States in
increasing back to 3.4% year-over- 2020, and these sub-regions accounted
global revenue growth during 2017.
year growth rate in 2021. for over 50% of global ultrasound
revenues in 2017.

2017 Global market for ultrasound unit shipments

The global market for ultrasound equipment
was dominated by cart systems, with cart
revenues accounting for 71% of total unit
shipments in 2017.
Growth for these products was mostly
driven by demand from the Asia-Pacific
market where procuring basic ultrasound
equipment remained a top priority in 2017.
Compact ultrasound equipment accounted
for 29% of global unit shipments in 2017.
Compact systems captured additional share of
the market in unit shipment terms compared
with 2016, and compact systems will continue
gaining share during the forecast period.
Increasing awareness and interest in compact
ultrasound equipment drove shipments of
these systems in 2017.

Handheld ultrasound equipment

High-end cart unit shipments grew 13% unit shipments grew the most of any product
year-over-year, making this segment the category from 2016 to 2017. The introduction
fastest growing of all cart categories in 2017. of several new products to the market in 2017
The healthiness of the North American combined with the increasing demand for
and Chinese markets in 2017 boosted unit point-of-care ultrasound drove growth for this
shipments for high-end cart systems. segment.
2017 Global market for ultrasound unit shipments
2% 3%
4%
¾ Low-end compact 9% ¾ Low-end cart
32%
¾ Mid-range compact ¾ Mid-range cart
¾ High-end compact 11% ¾ High-end cart
¾ Premium compact ¾ Premium cart
¾ Handheld 7%

12% 20%

2017 Global market shares for ultrasound equipment

There were no changes to market Philips Healthcare was the second-largest
share rankings for the top ten supplier for ultrasound equipment in 2017
suppliers from 2016 to 2017. and accounted for 19% of global revenues,
which was consistent with its share in 2016.

GE Healthcare maintained its Toshiba Medical, now Canon Medical, was the
position as the top supplier for third-largest supplier in 2017. Toshiba Medical
ultrasound equipment, capturing lost almost 1% of its market share from 2016
29% of global revenues in 2017. to 2017, but new product launches should
boost the company’s global revenues in 2018.

2017 Global market shares for ultrasound equipment

2% 5%
3%
¾ Mindray 4% 29% ¾ GE Healthcare
5%
¾ Samsung Medison ¾ Philips Healthcare
¾ Fujifilm Sonosite 6% ¾ Toshiba Medical
¾ Esaote ¾ Hitachi-Aloka Medical
7%
¾ Analogic ¾ Siemens Healthineers
¾ Others 9% 19%
12%

Learn More
Ultrasound Equipment Report - 2018
This report is the first of four reports for the 2018 Ultrasound Intelligence Service by IHS Markit. This report covers the world
market, including segmentations by region, for ultrasound equipment that is used in public and private hospitals, diagnostic
imaging centers, veterinaries, and private physicians’ offices. Only sales revenues and unit shipments from new equipment
(commercially available models only) are included in the data with projections until 2022.

Holley Lewis
Senior Analyst, Healthcare
Technology, IHS Markit Follow the conversation For more information
E holley.lewis@ihsmarkit.com @IHSMarkitTech technology.ihs.com
237897131-CU-0518 Copyright © 2018 IHS Markit. All Rights Reserved