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.
Looking ahead, the period from 2023 to 2033 is poised for even more remarkable developments. The global ultrasound devices market size was estimated at USD 9.79 billion in 2023 and is anticipated to expand at a compound annual growth rate (CAGR) of 4.24% from 2024 to 2030. This growth is attributed to continuous technological innovations, such as the development of portable and handheld ultrasound devices, which enhance accessibility and convenience for healthcare providers.
Moreover, the increasing demand for non-invasive medical procedures is enhancing the adoption of imaging technology, which is stimulating the market. The rising prevalence of chronic diseases, such as cardiovascular disorders and cancer, necessitates advanced diagnostic tools, further propelling the demand for ultrasound equipment.
In my experience, the integration of advanced imaging technologies has revolutionized patient care. The shift towards portable ultrasound devices has enabled point-of-care diagnostics, allowing for immediate clinical decisions. This evolution not only improves patient outcomes but also streamlines workflow efficiency in medical settings.
Key trends expected to shape the market from 2023 to 2033 include:
Advancements in 3D and 4D imaging capabilities, providing more detailed and accurate diagnostic information.
Increased adoption of artificial intelligence in ultrasound diagnostics, enhancing image analysis and interpretation.
Growing utilization of ultrasound in emerging applications, such as musculoskeletal and emergency medicine.
These developments are anticipated to drive the market towards new horizons, offering improved diagnostic solutions and expanding the scope of ultrasound applications in healthcare.
Get an In-Depth Research Analysis of the Global Ultrasound Equipment for Medical Market Size And Forecast [2025-2032]
The global ultrasound equipment market has experienced significant growth from 2018 to 2022, driven by technological advancements and an increasing demand for non-invasive diagnostic tools. This upward trajectory is expected to continue, with projections indicating substantial expansion from 2023 to 2033.
Between 2018 and 2022, the market saw a notable rise in the adoption of ultrasound devices across various medical fields, including radiology, cardiology, and obstetrics. Factors such as the aging population and the prevalence of chronic diseases contributed to this growth. For instance, in 2017, global ultrasound revenues totaled $6.64 billion, marking a 7.6% increase from the previous year. This trend underscored the escalating reliance on ultrasound technology in medical diagnostics.
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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