Diagnostic Ultrasound Market Size - Global Industry, Share, Analysis, Trends and Forecast 2022 - 2030

The Global Diagnostic Ultrasound Market Size accounted for USD 7.2 Billion in 2021 and is projected to occupy a market size of USD 11.4 Billion by 2030 growing at a CAGR of 5.3% from 2022 to 2030.

Diagnostic ultrasound is an ultrasound application based method. Diagnostic ultrasound technique is used to create an image of structures of internal body such as muscles, blood vessels, tendons, joints and other internal organs. Its aim is to exclude pathology or find a source of a disease. Diagnostic ultrasound is also used for examining pregnant women.

Diagnostic Ultrasound Market Report Statistics

• Global diagnostic ultrasound market revenue is projected to reach USD 11.4 Billion by 2030 with a CAGR of 5.3% from 2022 to 2030
• According to the GLOBOCAN 2020, approximately 19.3 million cancer cases were recorded
• As per the WHO data, more than 17.9 million people die each year because of cardiovascular diseases (CVDs)
• North America diagnostic ultrasound market share generated over 31% shares in 2021
• Based on the American Cancer Society estimation, there will be 1.9 million cancer cases in U.S. by 2022
• Asia-Pacific diagnostic ultrasound market growth will record noteworthy CAGR of over 6% from 2022 to 2030
• Based on technology, 2D recorded over 37% of the overall market share in 2021
• Among application, general imaging generated shares of over 39% in 2021
• Growing implementation of AI in healthcare sector is a popular diagnostic ultrasound market trend that fuels the industry demand

Global Diagnostic Ultrasound Market Dynamics

Market Drivers

• Rising prevalence of chronic disorders
• Increasing patient awareness about early detection of diseases
• Growing number of diagnostic centers
• Surging birth rates and increase in elderly population

Market Restraints

• Unfavorable reforms and high cost of diagnostic procedures
• Lack of skilled professionals

Market Opportunities

• Rising application of therapeutic ultrasound
• Development of point-of-care ultrasound devices

Diagnostic Ultrasound Market Report Coverage

Diagnostic Ultrasound Market Growth Factors

Rising occurrences of chronic diseases, various advantages offered by diagnostic ultrasounds, rapidly increasing geriatric population base, elderly population highly prone to diseases due to various functional and structural changes, ever-increasing birth rates in various countries such as Germany and Russia and increasing technological advancements are some of the fundamental factors that driving the diagnostic ultrasound market growth across the globe. Growing occurrences of chronic diseases across the world along with rapidly growing geriatric population base are some of the factors positively helping the global market growth and also expected to boost the demand for diagnostic ultrasound method in coming years. Aged population is highly prone to various diseases due to various functional and structural changes, hence increasing the adoption of diagnostic ultrasound technique, thereby boosting the growth of the global market. In addition, rapid advances in ultrasound technology will further propel the market growth. The increasing demand for enhanced and precise diagnostic techniques due to the growth in occurrences of the various diseases is projected to boost the adoption of diagnostic ultrasound technique. Moreover, escalating use of doppler ultrasound for blood flow estimation and pressure is anticipated to fuel the market growth over the forecast period. Additionally, early adoption of advanced diagnosis technologies and advancements in ultrasound techniques is anticipated to boost the global market growth throughout the forecast period. Development in the devices of medical diagnosis has resulted in the emergence of advanced and innovative ultrasound devices. Rapid technological advancements in sensors and microelectronics along with the integration of new applications is anticipated to spur the market growth during the forecast period. Additionally, diagnostic ultrasound devices are experiencing the development from highly portable and multi-use thereby, enhancing the image quality over the years. Advancements in ultrasound techniques such as development of 3D doppler is also expected to augment the overall market growth. However, lack of trained healthcare professionals may hinder the growth of the global diagnostic ultrasound market.

Diagnostic Ultrasound Market Segmentation

The global diagnostic ultrasound market is segmented based on technology, portability, application, end-user, and geography.

Diagnostic Ultrasound Market By Technology

• 2D
• 3D and 4D
• Doppler

According to our diagnostic ultrasound industry analysis, the 2D sub-segment acquired the utmost revenue in 2021 and is likely to carry on its trend during the forecasted timeframe. 2-D is frequently more efficient. While 3-D ultrasound can provide a nice picture of your baby's outside, 2-D ultrasound is the standard that experts have developed to look for abnormalities in your baby's development and growth. However, due to a rise in diagnosing heart ailments such as blood clots, arterial occlusion, peripherical artery diseases, and venous insufficiency, Doppler technology is expected to gain significant traction in the coming years.

Diagnostic Ultrasound Market By Portability

• Trolley
• Compact/Handheld

Based on portability, the trolley based ultrasound devices sub-segment gathered a noteworthy amount of share in 2021. The cart or trolley based devices are easy to move from one place to another and helps extensively during emergency conditions. On the other hand, the compact/handheld ultrasound devices are anticipated to witness a considerable growth rate throughout the forecast period owing to the rising number of diagnostic clinics around the world.

Diagnostic Ultrasound Market By Application

• General Imaging
• Cardiology
• OB/GYN
• Others

With respect to applications, general imaging was the maximum revenue generating segment in the diagnostic ultrasound industry. Increasing incidence of various cancers across major countries, rising technological advancements in the field of ultrasound diagnosis, and surging adoption of these devices in diagnosis of abdominal disorders are supporting the general imaging or radiology applications. Besides, the OB/GYN sub-segment is likely to attain an impressive growth rate in the coming years.

Diagnostic Ultrasound Market By End-User

• Hospitals
• Maternity Centers
• Others

As per our diagnostic ultrasound market forecast, the hospitals segment is anticipated to lead the market with majority of the shares from 2022 to 2030. This segment's large share can be attributed to factors such as the high number of ultrasound-based medical procedures conducted in hospitals, as well as the growing number of hospitals in major markets and the increasing adoption of minimally invasive diagnostic and surgical procedures in these facilities.

Diagnostic Ultrasound Market Regional Outlook

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France
• Spain
• Rest of Europe

Asia-Pacific

• India
• Japan
• China
• Australia
• South Korea
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Rest of Latin America

The Middle East & Africa

• South Africa
• GCC Countries
• Rest of the Middle East & Africa (ME&A)

Diagnostic Ultrasound Market Regional Analysis

Based on our analysis, North America region will lead the industry with massive shares all through the forecast timeframe from 2022 to 2030. The presence of a significant number of market competitors in the region, as well as the rising number of cancer cases, are two key factors driving regional market growth.

In terms of growth, Asia-Pacific sub-segment is likely to growth with notable growth rate CAGR in the forthcoming years. Advances in imaging technology, as well as the increasing prevalence of acute disorders, have increased the use of early diagnostic tools such as ultrasounds. The region's distribution of these diagnostic devices has also been boosted by the presence of key industry players.

Diagnostic Ultrasound Market Players

The global diagnostic ultrasound market is characterized by the presence of experienced and established players. Some of the key players include Canon Medical Systems, FujiFilm, GE Healthcare, Hitachi, Kalamed, Samsung Electronics, Koninklijke Philips, TELEMED Medical Systems, Siemens Healthcare, and Toshiba Medical Systems.