1. © Copyright 2003 Frost & Sullivan. All Rights Reserved. “Advancements in technology, proliferation of ultrasound imaging to new end users and the rapidly aging U.S. population combine to create opportunities for new entrants and incumbents alike in the U.S. ultrasound market." U.S. Ultrasound Markets Searching for Growth in a Mature Market Medical Systems Group

2. © Copyright 2003 Frost & Sullivan. All Rights Reserved. Industry Trends Aging U.S. population drives procedural volume growth Ultrasound imaging proliferation opens door to new clinical markets Advancements in software and semiconductor technology create new product categories 3D and real-time 3D imaging accelerate installed base replacement Availability of HCU and mid-range systems drives new user adoption Lack of effective channel for distribution and education slows down new user adoption

3. © Copyright 2003 Frost & Sullivan. All Rights Reserved. Key Features Frost & Sullivan Provides: Detailed insights into recent developments and trends Drivers, restraints, challenges, and strategic recommendations Analyst insights on ‘hot topics' and emerging applications in the ultrasound imaging market Market sizing and competitive analysis Market forecasts and opportunity analysis Quarterly assessments End-user analysis within each report

4. © Copyright 2003 Frost & Sullivan. All Rights Reserved. What We Offer Coverage: The United States Proven methodology encompassing extensive primary and secondary data and research Focused information and strategies that cover business and technology issues Credible data and analysis highlighting industry dynamics Winning strategies to help you create precise business plans

5. © Copyright 2003 Frost & Sullivan. All Rights Reserved. Who Will Benefit? Current Market Participants  Find out how you compare to the competition  Assess current and future drivers and restraints  Determine and exploit new market share opportunities New Entrants  Analyze challenges associated with the industry  Calculate time scales for strategy implementation  Position yourself to capitalize on the market’s unmet needs Investment Community  Analyze long-term strategies of companies  Determine which participants will outperform the competition  Assess attractiveness of investing in medical imaging market

6. © Copyright 2003 Frost & Sullivan. All Rights Reserved. What’s Included Cardiology Ultrasound Market Radiology Ultrasound Market Obstetrics/Gynecology (OB/GYN) Ultrasound Market Hand-carried Ultrasound (HCU) Product Category New User Groups – Surgeons, Anesthesiologists, and Emergency Physicians

7. © Copyright 2003 Frost & Sullivan. All Rights Reserved.  Aloka Co., Ltd.  B-K Medical  Biosound Esaote, Inc.  Dymax  Fukuda Denshi USA, Inc.  GE Medical Systems  Hitachi Medical Systems America, Inc.  Medison Co., Ltd. Key Market Participants  Philips Medical Systems  Shimadzu Medical Systems  Siemens Medical Solutions  SonoSite, Inc.  Terason  Toshiba America  Ultrasonix Medical Corp.  Volcano Therapeutics

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