Siemens and GE gain in echo competition

July 23, 2003

The pecking order in the U.S. echocardiography market remains unchanged, but Siemens and GE are gaining ground, according to a report by Klein Biomedical. Market leader Philips Medical Systems lost share last year to both Siemens and GE Medical. Siemens

The pecking order in the U.S. echocardiography market remains unchanged, but Siemens and GE are gaining ground, according to a report by Klein Biomedical. Market leader Philips Medical Systems lost share last year to both Siemens and GE Medical. Siemens is closing in from its number two position; GE is ranked third. Siemens' gains are coming from the growing popularity of its Acuson Sequoia. Unit shipments of the company's flagship product increased more than 21%, according to Siemens, making Sequoia the best-selling ultrasound system in the U.S. for the sixth year in a row. The Klein report estimates that the U.S. market for ultrasound was essentially flat in 2002, with total revenues of $1.14 billion, managing a mere 0.3% percent increase over 2001.