GE tops compact ultrasound market in 2006 in industry report

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An industry report issued by Klein Biomedical Consultants gives GE Healthcare the top spot within the global compact ultrasound market in. GE was the market leader with a 43 percent share, according to the report.

GE’s global compact ultrasound business grew sales to $174 million in 2006, which represents 74 percent growth compared to the prior year. This growth surpasses the 41 percent worldwide market growth for the compact ultrasound industry in 2006.

Harvey Klein, president of Klein Biomedical, stated in the report, “GE is expected to move up into the undisputed worldwide market leadership position in the year 2007 and should remain in this position through the end of the forecast period (2009).”

GE culminated its performance in 2006 with worldwide compact ultrasound revenue for the fourth quarter of $67.8 million. GE’s fourth quarter revenue was significantly higher than competitors in this compact ultrasound arena.