Ultrasound Equipment for Medical Market was valued at USD 6.38 Billion in 2022 and is projected to reach USD 10.62 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The global ultrasound equipment for the medical market was valued at approximately USD 8.5 billion in 2022, with projections indicating a compound annual growth rate (CAGR) of 6.7% from 2023 to 2030. This growth is driven by technological advancements, including the development of portable ultrasound devices and enhanced imaging capabilities, which are expanding the applications of ultrasound in diagnostics. Additionally, the increasing prevalence of chronic diseases and the rising demand for minimally invasive procedures are contributing to the market's expansion. The market's growth trajectory reflects a strong uptake of ultrasound technology across various medical applications, including obstetrics, cardiology, and emergency medicine.
Emerging market opportunities are evident in regions such as Asia-Pacific and Latin America, where rising healthcare investments and improving medical infrastructure are expected to boost market growth. The increasing adoption of ultrasound technology in these regions is driven by the need for cost-effective diagnostic solutions and expanding access to healthcare services. Furthermore, the integration of artificial intelligence and machine learning with ultrasound technology presents significant growth opportunities, enhancing diagnostic accuracy and operational efficiency. The market's expansion is further supported by ongoing research and development efforts aimed at innovation and improving ultrasound equipment's capabilities and accessibility.
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GE Healthcare
Philips
Fujifilm SonoSite
Clarius
Healcerion
Konica Minolta
MobiSante
Telemed
DGH
Micro Medical Device
Digicare Biomedical
Sonoscanner
MedGyn
Sonostar
Chison
LonShine Tech
Landwind Medical
Siemens Healthcare
Mindray Medical
Olympus Corporation
Canon Medical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Ultrasound Equipment for Medical Market
Hospital
Clinic
Home Care
Others
Based on Types the Market is categorized into Below types that held the largest Ultrasound Equipment for Medical market share In 2023.
Cart
Portable
Handheld
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Ultrasound Equipment for Medical Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Ultrasound Equipment for Medical Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Ultrasound Equipment for Medical Market, By Type
6. Global Ultrasound Equipment for Medical Market, By Application
7. Global Ultrasound Equipment for Medical Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Ultrasound Equipment for Medical Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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