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The Global Ultrasound Devices Market Size accounted for USD 9.8 Billion in 2023 and is estimated to achieve a market size of USD 16.5 Billion by 2032 growing at a CAGR of 6.1% from 2024 to 2032.
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.
Market |
Ultrasound Devices Market |
Ultrasound Devices Market Size 2023 |
USD 9.8 Billion |
Ultrasound Devices Market Forecast 2032 |
USD 16.5 Billion |
Ultrasound Devices Market CAGR During 2024 - 2032 |
6.1% |
Ultrasound Devices Market Analysis Period |
2020 - 2032 |
Ultrasound Devices Market Base Year |
2023 |
Ultrasound Devices Market Forecast Data |
2024 - 2032 |
Segments Covered |
By Product, By Display Type, By Portability, By Application, By End-use, and By Geography |
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled |
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. |
Report Coverage |
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
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.
The worldwide market for ultrasound devices is split based on product, display type, portability, application, end-use, and geography.
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.
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.
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.
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.
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.
North America
Europe
Asia-Pacific
Latin America
The Middle East & Africa
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.
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.
The ultrasound devices market size was valued at USD 9.8 billion in 2023.
The CAGR of ultrasound devices is 6.1% during the analysis period of 2024 to 2032.
The key players operating in the global market are including 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.
North America held the dominating position in ultrasound devices industry during the analysis period of 2024 to 2032.
Asia-Pacific region exhibited fastest growing CAGR for market of ultrasound devices during the analysis period of 2024 to 2032.
The current trends and dynamics in the ultrasound devices industry include increasing prevalence of chronic diseases boosting the need for diagnostic imaging, and advancements in portable and handheld ultrasound devices enhancing accessibility.
The radiology application held the maximum share of the ultrasound devices industry.