Global Ultrasound Equipment Market size was valued at USD 11.9 Billion in 2024 and is expected to reach USD 17.6 Billion by 2033, at a CAGR of 4.7% during the forecast period 2024 – 2033.
Ultrasound Equipment Market: Overview
Ultrasound devices, commonly referred to as ultrasound scanners or sonography machines, are medical imaging equipment that employ high-frequency sound waves to generate real-time pictures of inside body structures.
Ultrasound devices are made up of a transducer, which produces sound waves and collects echoes when they bounce off tissues, and a computer system, which converts these echoes into visual pictures.
Technological improvements, which include the creation of portable and handheld ultrasound machines, are expanding accessibility and point-of-care uses. Furthermore, there is an increasing need for 3D and 4D imaging capabilities, which provide improved visualization for diagnostics.
Another development is the incorporation of artificial intelligence (AI) and machine learning algorithms into ultrasound devices, which allows for automation, quicker processing, and increased diagnostic accuracy.
Furthermore, there is a trend towards miniaturization and wireless communication, which allows for remote monitoring and medical applications. Moreover, the rising frequency of chronic illnesses, along with a burgeoning senior population, fuels the demand for ultrasound instruments for early detection and surveillance.
Finally, emerging regions in Asia-Pacific and Latin America have enormous development prospects due to improved healthcare infrastructure and increased healthcare spending.
By product, the diagnostic ultrasound systems segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033.
Diagnostic ultrasound systems dominate the ultrasound device industry due to they serve as critical instruments for non-invasive medical imaging, allowing for real-time visualization of interior organs and tissues for diagnostic reasons.
By portability, the trolley/cart-based ultrasound devices segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033. Trolley/cart-based ultrasound systems dominate the ultrasound industry owing to their versatility, sophisticated imaging abilities, mobility in clinical settings, and ability to accommodate an array of healthcare specialties and applications.
By application, the radiology/general imaging segment held the highest market share in 2023 and is expected to keep its dominance during the forecast period 2024-2033.
Radiology/General Imaging dominates the ultrasound equipment market due to its widespread usage in diagnosing various medical disorders, providing non-invasive imaging solutions with adaptability and real-time imaging capabilities.
North America dominates the ultrasound device industry owing to its sophisticated healthcare infrastructure, strong technology innovation, stringent regulatory requirements, substantial healthcare spending, and extensive availability of diagnostic imaging services.
Canon Medical Systems Corporation is a medical equipment firm headquartered in Ōtawara, Tochigi, Japan. Previously known as Toshiba Medical, a division of Toshiba, the firm was a pioneer in X-ray tubes in Japan in 1914. Canon Medical Systems offers products which include MRI and helical CT.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 11.9 Billion |
| Projected Market Size in 2033 | USD 17.6 Billion |
| Market Size in 2023 | USD 10.5 Billion |
| CAGR Growth Rate | 4.7% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Product, Portability, Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
CMI has comprehensively analyzed the Global Ultrasound Devices market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict an depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this Global Ultrasound Equipment industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
List of the prominent players in the Ultrasound Equipment Market:
- General Electric Company
- Siemens Healthineers
- Philips Healthcare
- Canon Medical Systems Corporation
- Hitachi Medical Corporation
- Samsung Medison Co. Ltd.
- Fujifilm Holdings Corporation
- Mindray Medical International Limited
- Esaote SpA
- Analogic Corporation
- Teratech Corporation
- Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
- SonoScape Medical Corporation
- United Imaging Healthcare Co. Ltd.
- ContextVision AB
- Clarius Mobile Health
- Chison Medical Imaging Co. Ltd.
- Supersonic Imagine
- Mobisante Inc.
- MedGyn Products Inc.
- Others
The Ultrasound Equipment Market is segmented as follows:
By Product
- Diagnostic Ultrasound Systems
- Therapeutic Ultrasound Systems
By Portability
- Trolley/Cart-based Ultrasound Devices
- Compact/Handheld Ultrasound Devices
By Application
- Radiology/General Imaging
- Cardiology
- Obstetrics/Gynaecology
- Urology
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America