Top trends impacting the ultrasound market

Mustafa Hassan of Signify Research.The ultrasound market is going through one of the most exciting and innovative periods in its history. The handheld ultrasound market is still maturing, there are many new technologies being developed such as ultrasound patches and wearable transducers, opening new avenues for diagnostic use. Elsewhere, compact systems are becoming larger and more technically capable, and there is a wider range of cart systems available, both at more flexible price points for customers and offering more portability. Combined with the growing use of AI technology to support image acquisition and interpretation, the long-term potential for the ultrasound market appears bright.Higher pricesDespite the bright outlook, the market has experienced some challenging periods lately. The supply chain issues in 2022 led to delayed lead times and price increases. Whilst price increases varied regionally, on average, prices increased by around 5%-10%; in some regions, however, prices increased by as much as 20%.Whilst supply chain issues are under control in 2023, as vendors become more flexible with their supply chains and have adapted, further price rises are expected, albeit to a lesser extent than in 2022. Typically, those vendors who did not increase prices in 2022 have had to increase them in 2023, whilst vendors who increased prices in 2022 will struggle to justify additional price rises in 2023.Due to increased system prices, customers have reacted in one of three...
Source: AuntMinnie.com Headlines - Category: Radiology Authors: Tags: Ultrasound Technology Review Source Type: news