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Ultrasound Devices Market Report by Product Type (Diagnostic Ultrasound Systems, Therapeutic Ultrasound Systems), Device Display Type (Color Ultrasound Devices, Black and White (B/W) Ultrasound Devices), Device Portability (Trolley/Cart-Based Ultrasound Devices, Compact/Handheld Ultrasound Devices), Application (Radiology/General Imaging, Obstetrics/Gynecology, Cardiology, Urology, Vascular, and Others), End Use (Hospitals, Imaging Centers, Research Centers), and Region 2024-2032
Report Format: PDF+Excel | Report ID: SR112024A5986
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Market Overview:
The global ultrasound devices market size reached US$ 9.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.6 Billion by 2032, exhibiting a growth rate (CAGR) of 6.2% during 2024-2032.
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Report Attribute
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Key Statistics
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|---|---|
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Base Year
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2023
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Forecast Years
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2024-2032
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Historical Years
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2018-2023
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| Market Size in 2023 | US$ 9.5 Billion |
| Market Forecast in 2032 | US$ 16.6 Billion |
| Market Growth Rate (2024-2032) | 6.2% |
An ultrasound scan, also known as sonography, is a medical examination recording real-time images of the interior of the body using high-frequency sound waves. It helps medical professionals diagnose problems of the bladder, eyes, gallbladder, kidneys, liver, ovaries, pancreas, spleen, thyroid, testicles, uterus, and blood vessels without incision. It also assists in viewing a developing fetus during pregnancy as ultrasound does not rely on radiation as compared to other imaging techniques. Besides this, it is used to guide a needle for biopsy or tumor treatment, examine a breast lump, check the thyroid gland, find genital and prostate problems, and evaluate metabolic bone diseases.
Ultrasound Devices Market Trends:
At present, there is a rise in the adoption of ultrasound devices for diagnostic imaging and treatment across the globe. This, along with the growing prevalence of chronic and lifestyle disorders among the masses, represents one of the key factors driving the market. In addition, the escalating demand for minimally invasive surgery due to less pain, a shorter hospital stay, and fewer complications are contributing to the growth of the market. Besides this, the integration of artificial intelligence (Al) in ultrasound devices to automate time-consuming processes, such as quantification and selecting the best image slice from a 3D dataset, is positively influencing the market. Moreover, the increasing application of ultrasound devices in 3D imaging, shear wave elastography, development of wireless transducers, app-based ultrasound technology, fusion with CT/MR, and laparoscopic ultrasound is propelling the growth of the market. Apart from this, there is an increase in the demand for handheld ultrasound devices to treat critical care patients in crowded hospitals due to their speed, portability, and ease of use. This, along with the burgeoning healthcare industry, is bolstering the growth of the market around the world.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global ultrasound devices market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product type, device display type, device portability, application and end use.
Breakup by Product Type:
- Diagnostic Ultrasound Systems
- 2D Imaging Systems
- 3D and 4D Imaging Systems
- Doppler Imaging
- Therapeutic Ultrasound Systems
- High-Intensity Focused Ultrasound (HIFU)
- Extracorporeal Shockwave Lithotripsy (ESWL)
Breakup by Device Display Type:
- Color Ultrasound Devices
- Black and White (B/W) Ultrasound Devices
Breakup by Device Portability:
- Trolley/Cart-Based Ultrasound Devices
- Compact/Handheld Ultrasound Devices
Breakup by Application:
- Radiology/General Imaging
- Obstetrics/Gynecology
- Cardiology
- Urology
- Vascular
- Others
Breakup by End Use:
- Hospitals
- Imaging Centers
- Research Centers
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Canon Medical Systems Corporation (Canon Inc.), CHISON Medical Technologies Co. Ltd., Esaote SpA, Fujifilm Holdings Corporation, General Electric Company, Hologic Inc., Konica Minolta Inc., Koninklijke Philips N.V., Samsung Medison Co. Ltd. (Samsung Electronics Co. Ltd.), Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Siemens Healthcare GmbH (Siemens AG) and Trivitron Healthcare.
Report Coverage:
| Report Features | Details |
|---|---|
| Base Year of the Analysis | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Units | US$ Billion |
| Segment Coverage | Product Type, Device Display Type, Device Portability, Application, End Use, Region |
| Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
| Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
| Companies Covered | Canon Medical Systems Corporation (Canon Inc.), CHISON Medical Technologies Co. Ltd., Esaote SpA, Fujifilm Holdings Corporation, General Electric Company, Hologic Inc., Konica Minolta Inc., Koninklijke Philips N.V., Samsung Medison Co. Ltd. (Samsung Electronics Co. Ltd.), Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Siemens Healthcare GmbH (Siemens AG) and Trivitron Healthcare |
| Customization Scope | 10% Free Customization |
| Report Price and Purchase Option | Single User License: US$ 3899 Five User License: US$ 4899 Corporate License: US$ 5899 |
| Post-Sale Analyst Support | 10-12 Weeks |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global ultrasound devices market was valued at US$ 9.5 Billion in 2023.
We expect the global ultrasound devices market to exhibit a CAGR of 6.2% during 2024-2032.
The sudden outbreak of the COVID-19 pandemic had led to the postponement of numerous elective treatments and diagnostic imaging of kidneys, liver, ovaries, etc., related ailments for reducing the risk of the coronavirus infection upon hospital visits, thereby negatively impacting the global market for ultrasound devices.
The rising integration of Al in ultrasound devices to automate time-consuming processes, such as quantification and selecting the best image slice from a 3D dataset, is primarily driving the global ultrasound devices market.
Based on the product type, the global ultrasound devices market can be segmented into diagnostic ultrasound systems and therapeutic ultrasound systems. Currently, diagnostic ultrasound systems hold the majority of the total market share.
Based on the device display type, the global ultrasound devices market has been divided into color ultrasound devices and Black and White (B/W) ultrasound devices, where color ultrasound devices currently exhibit a clear dominance in the market.
Based on the device portability, the global ultrasound devices market can be categorized into trolley/cart-based ultrasound devices and compact/handheld ultrasound devices. Currently, trolley/cart-based ultrasound devices account for the majority of the global market share.
Based on the application, the global ultrasound devices market has been segregated into radiology/general imaging, obstetrics/gynecology, cardiology, urology, vascular, and others. Among these, radiology/general imaging currently holds the largest market share.
Based on the end use, the global ultrasound devices market can be bifurcated into hospitals, imaging centers, and research centers. Currently, hospitals exhibit a clear dominance in the market.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.
Some of the major players in the global ultrasound devices market include Canon Medical Systems Corporation (Canon Inc.), CHISON Medical Technologies Co. Ltd., EsaoteSpA, Fujifilm Holdings Corporation, General Electric Company, Hologic Inc., Konica Minolta Inc., Koninklijke Philips N.V., Samsung Medison Co. Ltd. (Samsung Electronics Co. Ltd.), Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Siemens Healthcare GmbH (Siemens AG), and Trivitron Healthcare.
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