Surge in demand for color ultrasound for China

Extensive reform to healthcare services and improved local supplier offerings is driving demand for color ultrasound equipment to new heights, according to a new report.

06/19/2012


Extensive reform to healthcare services and improved local supplier offerings is driving demand for color ultrasound equipment to new heights, according to a new report from InMedica, a division of IMS Research, recently acquired by IHS Inc., The Chinese Market for Ultrasound Equipment – World – 2012.

The report observed color ultrasound equipment revenues increasing by 10% from 2010 to 2011; by 2015, market revenues for color are forecast to grow by more than 80%. While some growth is attributable to increased uptake of compact ultrasound equipment, most demand is being recorded in the low-end and mid-range cart segments (products less than $60,000). 

Current demand for color ultrasound equipment is being driven mostly by large metropolitan (Tier 3) and county based (Tier 2) hospitals. “Use of color equipment provides higher fees of reimbursement for healthcare providers”, commented Owen Tang, market analyst at InMedica. “This offers a better return on investment for color equipment compared to black and white.”

Chinese Ultrasound Market - Changing Outlook by Technology. Source: IMS Research

Black and white systems are predominantly installed and used in Tier 1 health centres and family clinics in China. These institutions benefitted from strong investment in 2009 and 2010 as part of the Chinese healthcare reform. Now, reflecting rapid changes in demand, many low-end Chinese suppliers are entering the color market.

“Government support of Chinese black and white ultrasound suppliers prevented multinational suppliers competing on price in the entry level and low-end market,” commented Stephen Holloway, senior analyst at InMedica. “Yet rising demand for higher specification color systems in Tier 2 hospitals is causing a convergence of interest for local and multinational suppliers, increasing the intensity of competition.”  

Consequently, a dramatic shift is forecast for the China market, with color ultrasound equipment set to dominate. “Cost will remain a significant factor in tender bidding” added Tang, “although brand and feature sets of ultrasound products are becoming increasingly important”. Furthermore, with more than 3,000 Tier 2 hospitals and 28,000 Tier 1 healthcare centres and clinics in China, the potential for growth remains high. “The market in China is far from saturated”, continued Holloway. “We project double-digit revenue growth from 2013, as the bulk of investment in equipment replacement is implemented. Longer-term, the potential of the Tier 1 market could drive even stronger growth.”



The Top Plant program honors outstanding manufacturing facilities in North America. View the 2015 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
Each year, a panel of Control Engineering and Plant Engineering editors and industry expert judges select the System Integrator of the Year Award winners in three categories.
A new approach to the Skills Gap; Community colleges may hold the key for manufacturing; 2017 Engineering Leaders Under 40
Doubling down on digital manufacturing; Data driving predictive maintenance; Electric motors and generators; Rewarding operational improvement
2017 Lubrication Guide; Software tools; Microgrids and energy strategies; Use robots effectively
The cloud, mobility, and remote operations; SCADA and contextual mobility; Custom UPS empowering a secure pipeline
Infrastructure for natural gas expansion; Artificial lift methods; Disruptive technology and fugitive gas emissions
Mobility as the means to offshore innovation; Preventing another Deepwater Horizon; ROVs as subsea robots; SCADA and the radio spectrum
Power system design for high-performance buildings; mitigating arc flash hazards
Research team developing Tesla coil designs; Implementing wireless process sensing
Commissioning electrical systems; Designing emergency and standby generator systems; Paralleling switchgear generator systems

Annual Salary Survey

Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.

There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.

But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.

Read more: 2015 Salary Survey

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.
The maintenance journey has been a long, slow trek for most manufacturers and has gone from preventive maintenance to predictive maintenance.
Featured articles highlight technologies that enable the Industrial Internet of Things, IIoT-related products and strategies to get data more easily to the user.
This digital report will explore several aspects of how IIoT will transform manufacturing in the coming years.
Maintenance Manager; California Oils Corp.
Associate, Electrical Engineering; Wood Harbinger
Control Systems Engineer; Robert Bosch Corp.
This course focuses on climate analysis, appropriateness of cooling system selection, and combining cooling systems.
This course will help identify and reveal electrical hazards and identify the solutions to implementing and maintaining a safe work environment.
This course explains how maintaining power and communication systems through emergency power-generation systems is critical.
click me