United States Ultrasound Systems Market Outlook to 2025

1 Table of Contents

1 Table of Contents 2

1.1 List of Tables 6

1.2 List of Figures 6

2 Introduction 7

2.1 What Is This Report About? 7

2.2 Ultrasound Systems Market Segmentation 7

2.3 Definitions of Markets Covered in the Report 8

3 Ultrasound Systems Market, United States 9

3.1 Ultrasound Systems Market, United States, Revenue ($m), 2015-2025 9

3.2 Ultrasound Systems Market, United States, Volume (Units), 2015-2025 12

3.3 Ultrasound Systems Market, United States, Average Price ($) , 2015-2025 15

3.4 Ultrasound Systems Market, United States, Distribution Share by Revenue ($m), 2019 16

3.5 Ultrasound Systems Market, United States, Company Share by Revenue ($m), 2019 17

4 Overview of Key Companies in United States, Ultrasound Systems Market 19

4.1 GE Healthcare LLC 19

4.1.1 Company Overview 19

4.2 Philips Healthcare 19

4.2.1 Company Overview 19

4.3 Siemens Healthineers AG 19

4.3.1 Company Overview 19

4.4 Canon Medical Systems Corp 20

4.4.1 Company Overview 20

4.5 Samsung Medison Co Ltd 20

4.5.1 Company Overview 20

4.6 Hitachi Healthcare Manufacturing Ltd 20

4.6.1 Company Overview 20

5 Ultrasound Systems Market Pipeline Products 21

6 Financial Deals Landscape 23

6.1 Acquisition 23

6.1.1 Private Investor Acquires Wave Imaging Solutions and Ultrasound Parts Source 23

6.1.2 SymphonyAI Group Acquires TeraRecon 24

6.2 Debt Offerings 25

6.2.1 ENDRA Life Sciences Raises USD2.8 Million in Private Placement of 10% Notes and Warrants Due 2020 25

6.3 Equity Offerings 26

6.3.1 Endra Life Sciences to Raise up to USD7.2 Million in Public Offering of Shares 26

6.3.2 Misonix Prices Public Offering of Shares for USD30 Million 27

6.3.3 Endra Life Sciences Raises USD8 Million in Private Placement of Share and Warrants 29

6.3.4 OPKO Health Raises USD75 Million in Public Offering of Shares 30

6.4 Partnerships 32

6.4.1 Terason Enters into Partnership with AmCad BioMed 32

6.5 Venture Financing 33

6.5.1 InSightec Raises USD107.3 Million in Series F Financing 33

6.5.2 ivWatch Raises Additional USD6.6 Million in Venture Financing 34

6.5.3 Sonivate Medical Raises Additional USD0.7 Million in Venture Financing 35

6.5.4 Imsonic Medical Raises USD0.5 Million in Venture Financing 36

6.5.5 Exo Imaging Raises USD35 Million in Series B Financing 37

6.5.6 eXo Imaging Raises USD32.43 Million in Venture Financing 39

6.5.7 Neural Analytics Raises USD22 Million in Series C Financing 40

7 Recent Developments 41

7.1 Corporate Communications 41

7.1.1 Jan 06, 2020: ivWatch strengthens management team with the appointment of new executive members 41

7.1.2 Dec 23, 2019: Mayo Clinic names chief digital officer to lead transformative digital strategy, create Center for Digital Health 42

7.1.3 Dec 03, 2019: Dr. John Halamka named president of Mayo Clinic Platform 42

7.1.4 Jul 31, 2019: Rachel Brem, M.D. appointed to Delphinus Board of Directors 43

7.1.5 Jul 24, 2019: Former Medtronic Executive Sean Ginney named VP of Sales at Current Health 44

7.1.6 Jul 17, 2019: Digital Therapeutics company to present evidence at 5th Neurological Disorders Summit 44

7.1.7 Jul 16, 2019: OPKO Health announces appointment of Patricia Sandler as National Sales Director for Rayaldee 45

7.1.8 Jul 03, 2019: Britta Lesaux appointed president & CEO Philips Canada 45

7.1.9 Jun 03, 2019: ENDRA Life Sciences appoints Renaud Maloberti as Chief Commercial Officer 46

7.1.10 May 30, 2019: Fujifilm announces opening of life science strategic business office in Cambridge, Massachusetts 47

7.1.11 Apr 24, 2019: GE Healthcare joins AMSUS Executive Advisory Board to support improving care across the U.S. Federal health sector 47

7.2 Financial Announcements 48

7.2.1 Feb 06, 2020: Natus Medical announces fourth quarter and full year 2019 financial results 48

7.2.2 Jan 13, 2020: Novus Therapeutics provides update on OP0201 50

7.2.3 Jan 13, 2020: Natus Reaffirms fourth quarter 2019 guidance and will present at the 38th Annual JP Morgan Healthcare Conference 52

7.2.4 Jan 13, 2020: Misonix reports preliminary fiscal 2020 second quarter revenue of approximately $19.7 million 52

7.2.5 Nov 13, 2019: ENDRA Life Sciences provides business update and reports third quarter 2019 financial results 53

7.2.6 Nov 05, 2019: OPKO Health reports 2019 third quarter business highlights and financial results 54

7.2.7 Oct 24, 2019: Natus Medical announces third quarter 2019 financial results 55

7.2.8 Aug 14, 2019: Misonix reports fourth quarter and fiscal year 2019 results 56

7.2.9 Aug 08, 2019: ENDRA Life Sciences reports second quarter 2019 financial & operational results 58

7.2.10 Jul 25, 2019: Natus Medical announces second quarter 2019 financial results 60

7.2.11 Jul 11, 2019: Edan and Tencent announced strategic partnership of AI technology in colposcopy screening 62

7.2.12 Jul 08, 2019: Alder BioPharmaceuticals to showcase 14 new data presentations demonstrating Eptinezumab's migraine prevention and quality of life impact at American Headache Society Meeting 64

7.2.13 May 14, 2019: ENDRA Life Sciences announces first quarter 2019 financial results 67

7.2.14 May 08, 2019: Misonix reports fiscal 2019 third quarter revenue of $9.6 Million 69

7.2.15 May 07, 2019: OPKO Health announces 2019 first quarter financial results 70

7.2.16 May 06, 2019: Update to Natus Medical first quarter 2019 financial results 71

7.2.17 Apr 25, 2019: Arkansas Children's selects Excel Medical for Device Integration into Epic 71

7.2.18 Apr 25, 2019: Natus Medical announces first quarter 2019 financial results 72

7.2.19 Apr 23, 2019: Agreement for negotiation and sale for VAL001 73

7.3 Government and Public Interest 75

7.3.1 Jan 13, 2020: Oncocyte announces the commercial availability of DetermaRx, the first test for chemotherapy benefit prediction in patients with early stage non-small cell lung cancer 75

7.3.2 Oct 01, 2019: BlueWillow Awarded NIH Contract to Advance Development of its Therapeutic Peanut Allergy Vaccine 76

7.3.3 Sep 05, 2019: CEUS helps diagnose infant brain injury and predict outcomes 78

7.3.4 Aug 05, 2019: Ultrasound guidance improves first-attempt success in IV access in children 78

7.4 Legal And Regulatory 79

7.4.1 Jan 23, 2020: Vulnerability disclosure regarding GE Healthcare monitoring products 79

7.4.2 Oct 08, 2019: Patent suit against Sonitor expands 80

7.4.3 Jun 20, 2019: SEC investigation of Misonix ends with no action 81

7.4.4 May 16, 2019: SuperSonic Imagine resolves legal disputes with Verasonics 81

7.5 Other Significant Developments 81

7.5.1 Feb 17, 2020: Spectrum Health Pennock Hospital acquires lifesaving equipment 81

7.5.2 Feb 13, 2020: Laborie Medical Technologies closes Clinical Innovations acquisition 82

7.5.3 Feb 11, 2020: Varex announces renewed pricing agreement with Canon Medical Systems 82

7.5.4 Dec 13, 2019: Verasonics experiences significant growth in 2019 and expands its operations 82

7.5.5 Dec 10, 2019: Lantheus, CarThera to use microbubble for glioblastoma treatment 83

7.5.6 Oct 22, 2019: Researchers awarded 2019 Canon Medical Systems RSNA research grants 83

7.5.7 Oct 17, 2019: Fujifilm Sonosite Signs agreement with Intelligent Ultrasound Group to develop clinician training 84

7.5.8 Oct 17, 2019: Intelligent Ultrasound Group: Agreement with FUJIFILM SonoSite to develop clinician training 85

7.5.9 Sep 05, 2019: Simple CEUS Scan helps diagnose Liver Cancer when MRI is uncertain 86

7.5.10 Jul 17, 2019: Ultrasound-assisted optical imaging to replace endoscopy in breakthrough discovery 87

7.5.11 Jun 17, 2019: Ultrasound imaging can monitor the exact drug dose and delivery site in the brain 88

7.5.12 Jun 07, 2019: GE Healthcare increases multi-vendor parts inventory on its online site to expand offerings 89

7.5.13 Jun 04, 2019: Carestream confirmed the preferred partner for Italian Radiology Regional Projects 90

7.5.14 Jun 03, 2019: Ikonopedia completes implementation at Dubin Breast Center 90

7.5.15 May 09, 2019: Konica Minolta jointly develops AI for interpreting chest radiographs to detect abnormalities 91

7.5.16 Apr 24, 2019: Eyenuk announces results from prospective, multi-center, pivotal clinical trial on the EyeArt AI Eye Screening System at ARVO conference 92

7.6 Product News 92

7.6.1 Mar 27, 2020: 3D Systems doing its part to overcome COVID-19 medical device and personal protection equipment shortage 92

7.6.2 Mar 02, 2020: TeraRecon awarded two AI platform patents 94

7.6.3 Jan 06, 2020: Philips expands its range of consumer-focused digital health solutions at CES 2020 94

7.6.4 Dec 13, 2019: Ultrasound blasts potent glioblastoma drug into brain tumor 96

7.6.5 Nov 26, 2019: Minimally invasive procedure relieves tremors in Parkinson's Patients 97

7.6.6 Nov 20, 2019: Ultrasound treatment for essential tremor may be effective up to three years later 98

7.6.7 Nov 13, 2019: Canon Medical supports expert forums on advancements in imaging technology at RSNA 2019 99

7.6.8 Oct 24, 2019: Contrast-enhanced ultrasound predicts nodule transformation to hepatocellular carcinoma 100

7.6.9 Sep 23, 2019: Konica Minolta Healthcare CEO David Widmann to share insights on creating successful strategic partnerships at Health Connect South 2019 Annual Meeting 100

7.6.10 Sep 06, 2019: Microbubbles and ultrasound can help treat heart attacks 101

7.6.11 Apr 17, 2019: ENDRA Life Sciences granted U.S. Patent for determining fractional fat content of tissue 101

7.7 Strategy And Business Planning 102

7.7.1 Feb 27, 2020: ContextVision Grows Medical Imaging Market Footprint With New Global Customers 102

7.7.2 Jan 15, 2020: ENDRA Life Sciences renews GE Healthcare Collaboration Agreement 102

7.7.3 Jan 02, 2020: Natus Medical finalizes transition of Peloton business to Pediatrix Medical Group and completes signing of strategic agreement 103

7.7.4 Dec 13, 2019: Verasonics experiences significant growth in 2019 and expands its operations 103

7.7.5 Oct 09, 2019: Agios to Present data from AG-270 phase 1 dose-escalation study in patients with MTAP-deleted tumors in a proffered papers oral resentation and Poster Session at the AACR-NCI-EORTC International Conference 103

7.7.6 Sep 18, 2019: FUJIFILM SonoSite taps the Allen Institute for Artificial Intelligence (AI2) Incubator to Interpret Ultrasound Images with AI 104

7.7.7 Aug 13, 2019: ivWatch headquarter operations opens doors on Aug 16 for ribbon-cutting 105

7.7.8 Aug 07, 2019: EDAN announces Relocation and Expansion of its US Operation Hub 105

7.7.9 Jul 30, 2019: FUJIFILM SonoSite and Partners HealthCare endeavor to make point-of-care ultrasound accessible for higher quality patient care 106

7.7.10 Jul 18, 2019: Merry X-Ray announces strategic shift to a customer-centric focus as MXR the imaging solution company 107

7.7.11 Jul 10, 2019: Fujifilm opens new company headquarters for medical device and IT groups in Lexington, Massachusetts 107

7.7.12 Jun 21, 2019: Hologic signs deal to buy SuperSonic Imagine 108

7.7.13 May 30, 2019: Fujifilm announces opening of life science strategic business office in Cambridge, Massachusetts 108

7.7.14 Apr 17, 2019: ivWatch becomes Tech Center Research Park Anchor 109

8 Appendix 110

8.1 Research Methodology 111

8.1.1 Coverage 111

8.1.2 Secondary Research 111

8.1.3 Primary Research 112

8.1.4 Market Modeling and Forecasting 113

8.1.5 Company Share Analysis 115

8.1.6 Distribution Share Analysis 115

8.1.7 Benchmarking 115

8.2 GlobalData Consulting 116

8.3 Contact Us 116

8.4 Disclaimer 116

1.1 List of Tables

Table 1: Ultrasound Systems Market, United States, Revenue ($m), USD Constant, 2015-2020 10

Table 2: Ultrasound Systems Market, United States, Revenue ($m), USD Constant, 2021-2025 11

Table 3: Ultrasound Systems Market, United States, Volume (Units), 2015-2020 13

Table 4: Ultrasound Systems Market, United States, Volume (Units), 2021-2025 14

Table 5: Ultrasound Systems Market, United States, Average Price ($), 2015-2020 15

Table 6: Ultrasound Systems Market, United States, Average Price ($), 2021-2025 15

Table 7: Ultrasound Systems Market, United States, Distribution Share by Revenue ($m), USD Constant, 2019 16

Table 8: Ultrasound Systems Market, United States, Company Share by Revenue ($m), USD Constant, 2019 18

Table 9: Ultrasound Systems Market Pipeline Products 21

Table 10: Private Investor Acquires Wave Imaging Solutions and Ultrasound Parts Source 23

Table 11: SymphonyAI Group Acquires TeraRecon 24

Table 12: ENDRA Life Sciences Raises USD2.8 Million in Private Placement of 10% Notes and Warrants Due 2020 25

Table 13: Endra Life Sciences to Raise up to USD7.2 Million in Public Offering of Shares 26

Table 14: Misonix Prices Public Offering of Shares for USD30 Million 27

Table 15: Endra Life Sciences Raises USD8 Million in Private Placement of Share and Warrants 29

Table 16: OPKO Health Raises USD75 Million in Public Offering of Shares 30

Table 17: Terason Enters into Partnership with AmCad BioMed 32

Table 18: InSightec Raises USD107.3 Million in Series F Financing 33

Table 19: ivWatch Raises Additional USD6.6 Million in Venture Financing 34

Table 20: Sonivate Medical Raises Additional USD0.7 Million in Venture Financing 35

Table 21: Imsonic Medical Raises USD0.5 Million in Venture Financing 36

Table 22: Exo Imaging Raises USD35 Million in Series B Financing 37

Table 23: eXo Imaging Raises USD32.43 Million in Venture Financing 39

Table 24: Neural Analytics Raises USD22 Million in Series C Financing 40

Table 25: Total Number of Primary Research Participants, Diagnostic Imaging Equipment Market, by Country 113

1.2 List of Figures

Figure 1: Ultrasound Systems Market, United States, Revenue ($m), USD Constant, 2015-2025 9

Figure 2: Ultrasound Systems Market, United States, Volume (Units), 2015-2025 12

Figure 3: Ultrasound Systems Market, United States, Company Share (%) 2019 17