Ultrasound Devices Market Size - Global Industry, Share, Analysis, Trends and Forecast 2024 - 2032

Ultrasound Devices Market Highlights

• Global ultrasound devices market revenue is poised to garner USD 16.5 billion by 2032 with a CAGR of 6.1% from 2024 to 2032
• North America ultrasound devices market value occupied around USD 3.2 billion in 2023
• Asia-Pacific ultrasound devices market growth will record a CAGR of more than 7% from 2024 to 2032
• Among product, the diagnostic ultrasound devices sub-segment generated around 8.8 billion revenue in 2023
• Based on portability, the trolley-based device sub-segment generated 67% ultrasound devices market share in 2023
• Increasing investments in point-of-care ultrasound for emergency and critical care is a popular ultrasound devices market trend that fuels the industry demand

Ultrasound waves are nothing but the sound waves with the frequencies above audible limit of humans. Therefore, ultrasound devices usually operate between frequency range of 20 kHz to several gigahertz. There are numerous uses of ultrasound waves, for instance, in measurement of distance, sonography or ultrasound imaging, non-destructive testing, flaw identification and chemical processes. The ultrasound devices are used in numerous application in different end use industries including healthcare, industrial, mining and construction.

Global Ultrasound Devices Market Dynamics

Market Drivers

• Increasing prevalence of chronic diseases boosting the need for diagnostic imaging
• Advancements in portable and handheld ultrasound devices enhancing accessibility
• Rising demand for minimally invasive procedures driving ultrasound adoption
• Growing healthcare infrastructure in emerging economies expanding market potential

Market Restraints

• High cost of advanced ultrasound systems limiting adoption in low-income regions
• Limited skilled professionals to operate ultrasound devices effectively
• Stringent regulatory frameworks delaying product approvals

Market Opportunities

• Technological innovations in 3D and 4D ultrasound creating growth avenues
• Expanding applications of ultrasound in therapeutic procedures driving market growth
• Growing awareness of early disease detection in underpenetrated regions boosting demand

Ultrasound Devices Market Report Coverage

Ultrasound Devices Market Insights

Ultrasound devices are widely used in medical settings. Rising patient populations and the prevalence of chronic conditions such as vascular issues, hypertension, and so on are some of the major drivers for the worldwide ultrasound devices market. Other factors projected to drive demand for ultrasound equipment in medical applications include the availability of finances and grants, as well as the demand for less time-consuming medical research methods. Furthermore, the growth of the industrial sector in Asia-Pacific and Africa necessitates the use of low-cost, time-saving non-destructive testing procedures. As a result, ultrasound equipment are increasingly being used in R&D.

Occupational exposure to ultrasound that surpasses 120 decibels can impair human hearing ability, and exposures exceeding 180 decibels can result in death. These considerations are unlikely to have an impact on the growth of the ultrasound devices market in healthcare and industrial applications. Specifically configured ultrasound can cause an exotic event known as sonoluminescence or light burst, and this technique may find use in mobile fusion reactions in the near future.

Ultrasound Devices Market Segmentation

The worldwide market for ultrasound devices is split based on product, display type, portability, application, end-use, and geography.

Ultrasound Device Market By Product

• Diagnostic Ultrasound Devices
  • 2D
  • Doppler
  • 3D & 4D
• Therapeutic Ultrasound Devices
  • Extracorporeal Shockwave Lithotripsy (ESWL)
  • High-Intensity Focused Ultrasound (HIFU)

According to ultrasound devices industry analysis, diagnostic ultrasound devices dominated the market, accounting for the largest share due to its broad application in a variety of medical disciplines including radiology, cardiology, obstetrics, and gynecology. Subsegments such as 2D ultrasound are still widely employed for routine imaging, but developments in Doppler ultrasonography provide precise blood flow analysis. Furthermore, the increased use of 3D and 4D ultrasound technologies improves imaging accuracy, particularly in prenatal diagnoses. The segment's growth is accelerated by increased chronic illness occurrences, the demand for early disease identification, and technological advancements. Its versatility, combined with increased healthcare accessibility, solidifies its position as the global leader in the ultrasound device sector.

Ultrasound Device Market By Display Type

• Colour Display Ultrasound Device
• Black and White Display Ultrasound Device

The color display ultrasound devices segment generate maximum revenue in the market due to its superior imaging capabilities and versatility in a wide range of medical applications. These technologies improve eyesight by providing full color-coded images that enable reliable diagnosis of vascular illnesses and organ anomalies. Their ability to discriminate between blood flow and tissue properties renders them indispensable in sophisticated diagnostic methods. The increased preference for precise and real-time imaging, particularly in cardiology, radiology, and obstetrics, has driven up demand. Furthermore, technological improvements have made color display systems more accessible, resulting in their widespread use in both developed and emerging healthcare markets.

Ultrasound Device Market By Portability

• Trolley-Based Ultrasound Device
• Point-of-Care Ultrasound Device
• Compact Ultrasound Device

The trolley-based ultrasound devices category held the largest market share over the forecast period because of its constant performance and suitability for high-volume clinical scenarios. These systems have significant imaging capabilities that allow for comprehensive diagnostics in radiology, cardiology, and gynaecology. Their mobility inside healthcare facilities allows for efficient operation while retaining imaging quality, which is a substantial benefit to hospitals and diagnostic centers. Furthermore, their larger size enables the incorporation of high-end features and superior display units, resulting in more precise diagnoses.

Ultrasound Device Market By Application

• Obstetrics/Gynaecology
• Cardiology
• Radiology
• Anaesthesia
• Orthopaedic
• Emergency Medicine
• Critical Care
• Primary Care

Radiology has grown to be a substantial contributor to the ultrasound equipment sector due to its vital role in improving diagnostic imaging. Radiology employs ultrasound technology to perform precise examinations of soft tissues, internal organs, and vascular structures. Ultrasonography's versatility in radiology, which ranges from routine abdominal exams to the detection of complex illnesses, has solidified its position. The growing use of imaging in cancer diagnostics, liver assessments, and kidney evaluations has increased demand. Furthermore, the industry benefits from continual advances in imaging resolution and real-time visualization, making ultrasound a must-have tool in radiological practices throughout hospitals, clinics, and diagnostic centers globally.

Ultrasound Device Market By End-Use

• Imaging Centres
• Hospitals
• Research Centres

The hospitals sector is the dominating end-use category in the ultrasound devices market forecast period, owing to the complete diagnostic and therapeutic services it provides. Hospitals serve a diverse patient population, demanding high-performance ultrasound systems in disciplines such as cardiology, obstetrics, and emergency care. Their infrastructure facilitates the integration of modern technologies, resulting in precise imaging for difficult instances. Furthermore, the presence of experienced healthcare experts guarantees that these gadgets are used as effectively as possible. Rising hospital admissions for chronic diseases and surgical procedures exacerbate demand. With increasing global investments in healthcare infrastructure, hospitals continue to be the primary consumers of ultrasound technology.

Ultrasound Devices 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 LATAM

The Middle East & Africa

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

Ultrasound Devices Market Regional Analysis

North America has the greatest share of the market for ultrasound devices, owing to sophisticated healthcare infrastructure, broad adoption of cutting-edge diagnostic technologies, and a high prevalence of chronic diseases. The region benefits from significant investments in medical device innovation as well as a workforce of competent healthcare professionals. The US, as a significant contributor, has a high need for ultrasound systems in a variety of specialties, including cardiology, radiology, and obstetrics. Furthermore, advantageous pricing limits and a growing desire for non-invasive diagnostic methods drive market expansion in North America.

Asia-Pacific emerges as the fastest-growing region in the ultrasound devices market, owing to increased healthcare access and greater awareness of early disease detection. China, India, and Japan are major contributors due to their big populations, rising healthcare spending, and rapid urbanization. These locations have a significant demand for portable and economical ultrasound machines, which cater to both urban and rural healthcare demands. Furthermore, government attempts to improve healthcare infrastructure, as well as an increase in the number of private diagnostic centers, fuel significant market growth. The region's rapid economic expansion and rising prevalence of lifestyle-related disorders are projected to keep this momentum going, establishing Asia-Pacific as a major market for ultrasound equipment in the future years.

Ultrasound Devices Market Players

Some of the top ultrasound devices companies offered in our report include Mindray Medical International Limited, FUJIFILM SonoSite, Inc., Canon Medical Systems, Siemens Healthineers AG, GE Healthcare, Samsung Medison Co., Ltd., Hitachi, Esaote, Konica Minolta Inc., and Koninklijke Philips N.V.