1 Table of Contents
1 Table of Contents 6
1.1 List of Tables 10
1.2 List of Figures 13
2 Introduction 14
2.1 Catalyst 14
2.2 Related Reports 14
2.3 Technology Overview 15
2.3.1 A-Mode 17
2.3.2 2D Ultrasound 17
2.3.3 M-Mode 18
2.3.4 Doppler Mode 18
2.3.5 3D Ultrasound 19
2.3.6 Real-Time 3D/4D Ultrasound 21
3 Market Access 22
3.1 Reimbursement 22
3.1.1 North America 22
3.1.2 Europe 23
3.1.3 Asia-Pacific 24
3.1.4 South America 27
3.1.5 Middle East and Africa 28
3.2 Regulatory Issues/Recalls 29
3.3 M&A/Key Partnerships 31
4 Unmet Needs 34
4.1 Overview 34
4.2 Instrumentation Improvement 34
4.3 Inter-Instrument Variability 35
4.4 Ultrasound Remains Significantly Operator-Dependent 36
5 Competitive Assessment 39
5.1 Major Players 39
5.1.1 GE Healthcare Limited 39
5.1.2 Siemens Healthcare GmbH 42
5.1.3 Philips Healthcare 46
5.1.4 Toshiba Medical Systems Corporation 48
5.1.5 Analogic Corporation 51
5.1.6 Esaote S.p.A. 55
5.1.7 Fujifilm Holdings Corporation 58
5.1.8 Hitachi, Ltd. 60
5.1.9 Mindray Medical International Limited 64
5.1.10 Samsung Medison Co. Ltd. 67
5.2 Pipeline Products Assessment 71
5.3 Clinical Trials 75
5.4 Company Share Analysis 79
5.4.1 Global 79
5.4.2 North America 80
5.4.3 Europe 81
5.4.4 Asia-Pacific 83
5.4.5 South America, Middle East, and Africa 84
6 Market Outlooks 86
6.1 Procedure Trends 86
6.1.1 Growing Clinical Role of Ultrasound Elastography 86
6.1.2 Contrast Ultrasound Imaging to Foster Growth 88
6.1.3 Gaining Popularity of Portable Ultrasound Systems 91
6.1.4 Newer Applications for Diagnostic Ultrasound on the Horizon 93
6.1.5 Fusion Imaging 93
6.2 Market Drivers and Barriers 94
6.2.1 Driver: Rising Prevalence of Diseases 94
6.2.2 Driver: Escalating Global Population 95
6.2.3 Driver: Increased Demand for Cost-Effective Quality Healthcare 95
6.2.4 Driver: Newer Technologies to Drive the Growth of the Market 96
6.2.5 Driver: Increased Consciousness Regarding Radiation Dose 96
6.2.6 Driver: Compact Systems to Drive Growth 98
6.2.7 Driver: Expanding Use of Ultrasound by Non-Radiologists 99
6.2.8 Driver: Steady Reimbursement and Other Government Funding 100
6.2.9 Driver: Population-Based Screening Applications Using Diagnostic Ultrasound 100
6.2.10 Barrier: Shortage of Dedicated Ultrasound Technologists 101
6.2.11 Barrier: Less Monetary Incentive to Use Ultrasound in Comparison with Other Techniques 102
6.2.12 Barrier: Lifestyle-Related Diseases May Tip the Scales 103
6.2.13 Barrier: Reduced Hospital Budgets 105
6.2.14 Barrier: Availability of Venture Capital? 105
6.3 Market Outlooks by Segment 106
6.3.1 Global Overview 106
6.3.2 By Region 109
6.4 Market Outlooks by Geography 116
6.4.1 Global Overview 116
6.4.2 North America 118
6.4.3 Europe 121
6.4.4 Asia-Pacific 128
6.4.5 South America 133
6.4.6 Middle East and Africa 135
7 Appendix 138
7.1 Data Book 138
7.1.1 Market Value 138
7.1.2 Market Volume 148
7.2 Bibliography 158
7.3 Abbreviations 162
7.4 Methodology 164
7.4.1 Overview 164
7.4.2 Coverage 164
7.4.3 Secondary Research 164
7.5 Forecasting Methodology 165
7.6 Primary Research Efforts 165
7.7 About the Authors 166
7.7.1 Tina Deng, MSc, MBS, Analyst, Medical Devices 166
7.7.2 Sarah Janer, Analyst - Medical Devices 166
7.7.3 Linda Tian, MSc, Managing Analyst, Medical Devices 166
7.7.4 Tyler Fletcher, Global Head of Medical Devices 167
7.8 About GlobalData 168
7.9 Disclaimer 168

1.1 List of Tables
Table 1: Product Recalls (2015-2016) 30
Table 2: Key Mergers and Acquisitions (2015-2016) 32
Table 3: Company Profile - GE Healthcare 39
Table 4: GE Healthcare SWOT Analysis, 2016 40
Table 5: GE Healthcare Portfolio Assessment, 2016 41
Table 6: Company Profile - Siemens 43
Table 7: Siemens Healthcare SWOT Analysis, 2016 43
Table 8: Siemens Portfolio Assessment, 2016 45
Table 9: Company Profile - Philips 46
Table 10: Philips SWOT Analysis, 2016 47
Table 11: Philips Portfolio Assessment, 2016 48
Table 12: Company Profile - Toshiba 49
Table 13: Toshiba Medical Systems SWOT Analysis, 2016 49
Table 14: Toshiba Portfolio Assessment, 2016 51
Table 15: Company Profile - Analogic 52
Table 16: Analogic SWOT Analysis, 2016 52
Table 17: Analogic Portfolio Assessment, 2016 54
Table 18: Company Profile - Esaote 55
Table 19: Esaote SWOT Analysis, 2016 56
Table 20: Esaote Portfolio Assessment, 2016 57
Table 21: Company Profile - Fujifilm 58
Table 22: Fujifilm SWOT Analysis, 2016 59
Table 23: Fujifilm Portfolio Assessment, 2016 60
Table 24: Company Profile - Hitachi 61
Table 25: Hitachi SWOT Analysis, 2016 61
Table 26: Hitachi Portfolio Assessment, 2016 63
Table 27: Company Profile - Mindray 64
Table 28: Mindray SWOT Analysis, 2016 65
Table 29: Mindray Portfolio Assessment, 2016 66
Table 30: Company Profile - Samsung 68
Table 31: Samsung SWOT Analysis, 2016 68
Table 32: Samsung Portfolio Assessment, 2016 70
Table 33: Key Pipeline Products 72
Table 34: Key Clinical Trials 76
Table 35: Global Market Value Forecast by Segment for Ultrasound Systems, $m, 2014-2023 108
Table 36: North America Market Value Forecast by Segment for Ultrasound Systems, $m, 2014-2023 110
Table 37: Europe Market Value Forecast by Segment for Ultrasound Systems, $m, 2014-2023 112
Table 38: Asia-Pacific Market Value Forecast by Segment for Ultrasound Systems, $m, 2014-2023 113
Table 39: South America Market Value Forecast by Segment for Ultrasound Systems, $m, 2014-2023 114
Table 40: Middle East and Africa Market Value Forecast by Segment for Ultrasound Systems, $m, 2014-2023 115
Table 41: Global Market Value Forecast for Ultrasound Systems by Geography, $m, 2014-2023 117
Table 42: North America Market Value Forecast for Ultrasound Systems by Geography, $m, 2014-2023 119
Table 43: Europe Market Value Forecast for Ultrasound Systems by Geography, $m, 2014-2023 123
Table 44: Asia-Pacific Market Value Forecast for Ultrasound Systems by Geography, $m, 2014-2023 130
Table 45: South America Market Value Forecast for Ultrasound Systems by Geography, $m, 2014-2023 134
Table 46: Middle East and Africa Market Value Forecast for Ultrasound Systems by Geography, $m, 2014-2023 136
Table 47: Global Market Value Forecast for Ultrasound Systems by Geography, $m, 2014-2023 138
Table 48: Global Market Value Forecast for 2D Ultrasound Systems by Geography, $m, 2014-2023 140
Table 49: Global Market Value Forecast for 3D Ultrasound Systems by Geography, $m, 2014-2023 142
Table 50: Global Market Value Forecast for Real-Time 3D/4D Ultrasound Systems by Geography, $m, 2014-2023 144
Table 51: Global Market Value Forecast for Handheld Ultrasound Systems by Geography, $m, 2014-2023 146
Table 52: Global Market Volume Forecast for Ultrasound Systems by Geography, 2014-2023 148
Table 53: Global Market Volume Forecast for 2D Ultrasound Systems by Geography, 2014-2023 150
Table 54: Global Market Volume Forecast for 3D Ultrasound Systems by Geography, 2014-2023 152
Table 55: Global Market Volume Forecast for Real-Time 3D/4D Ultrasound Systems by Geography, 2014-2023 154
Table 56: Global Market Volume Forecast for Real-time 3D/4D Ultrasound Systems by Geography, 2014-2023 156

1.2 List of Figures
Figure 1: Global Company Share for Ultrasound Systems, 2016 80
Figure 2: North America Share for Ultrasound Systems, 2016 81
Figure 3: 5EU Share for Ultrasound Systems, 2016 82
Figure 4: Other EU Countries Share for Ultrasound Systems, 2016 83
Figure 5: Asia-Pacific Company Share for Ultrasound Systems, 2016 84
Figure 6: South America, Middle East and Africa Company Share for Ultrasound Systems, 2016 85
Figure 7: Global Ultrasound Systems Market Forecast ($m), 2014-2023 107
Figure 8: Ultrasound Systems Market Comparison by Segment, 2016 and 2023 109
Figure 9: North America Ultrasound Systems Market Forecast ($m), 2014-2023 110
Figure 10: Europe Ultrasound Systems Market Forecast ($m), 2014-2023 111
Figure 11: Asia-Pacific Ultrasound Systems Market Forecast ($m), 2014-2023 112
Figure 12: South America Ultrasound Systems Market Forecast ($m), 2014-2023 114
Figure 13: Middle East and Africa Ultrasound Systems Market Forecast ($m), 2014-2023 115
Figure 14: Global Market Value Forecast for Ultrasound Systems by Geography $bn, 2014-2023 116
Figure 15: Global Ultrasound Systems Market Revenue Distribution by Geography, 2016 and 2023 118
Figure 16: North America Market Value Forecast for Ultrasound Systems by Geography, $m, 2014-2023 119
Figure 17: 5EU Market Value Forecast for Ultrasound Systems by Geography, $m, 2014-2023 121
Figure 18: Other European Market Value Forecast for Ultrasound Systems by Geography, $m, 2014-2023 122
Figure 19: Asia-Pacific Market Value Forecast for Ultrasound Systems by Geography, $m, 2014-2023 129
Figure 20: South America Market Value Forecast for Ultrasound Systems by Geography, $m, 2014-2023 133
Figure 21: Middle East and Africa Market Value Forecast for Ultrasound Systems by Geography, $m, 2014-2023 135

Companies Mentioned
GE Healthcare Limited
Siemens Healthcare GmbH
Philips Healthcare
Toshiba Medical Systems Corporation
Analogic Corporation
Esaote S.p.A.
Fujifilm Holdings Corporation
Hitachi, Ltd.
Mindray Medical International Limited
Samsung Medison Co. Ltd.