United States Ultrasound Devices Market

United States Ultrasound Devices Market Overview:

The United States ultrasound devices market is projected to exhibit a growth rate (CAGR) of 5.30% during 2024-2032. The market is propelled by the increasing prevalence of chronic diseases, rising healthcare spending by the masses, technological advancements, and growing awareness about early detection and prevention of diseases.

United States Ultrasound Devices Market Trends:

Growing Prevalence of Chronic Diseases

The increasing prevalence of chronic diseases such as cardiovascular conditions, cancer, and diabetes in the United States is a major factor driving the demand for ultrasound devices. As per National Library of Medicine, the number of people aged 50 and older with at least one chronic condition is expected to rise by 99.5%, from 71.522 million in 2020 to 142.66 million in 2050. At the same period, the number of people with multimorbidity is expected to increase by 91.16%, from 7.8304 million in 2020 to 14.968 million in 2050. These conditions often require regular monitoring and diagnostic imaging, where ultrasound plays a crucial role due to its non-invasive nature and ability to provide real-time images. As the population ages, the incidence of these chronic diseases is expected to rise, leading to a higher demand for diagnostic tools like ultrasound devices. The versatility of ultrasound in diagnosing, monitoring, and guiding treatment for various chronic conditions makes it indispensable in modern healthcare, contributing to market growth.

Rising Healthcare Spending

The rising healthcare spending by the masses is significantly impacting the United States ultrasound devices market by driving increased demand for diagnostic and monitoring tools. According to the Centers for Medicare and Medicaid Services, the health-care spending in US increased by 4.1% to $ 4.5 trillion in 2022, outpacing the 3. 2% increase in 2021. As individuals allocate more of their income toward healthcare, there is a greater emphasis on early diagnosis, preventive care, and personalized treatment options. Ultrasound devices, known for their non-invasive and cost-effective nature, are becoming increasingly popular in both routine check-ups and specialized medical care. Higher healthcare spending allows more people to access advanced diagnostic procedures, including ultrasound imaging. This trend is particularly evident as patients seek comprehensive evaluations for various conditions, ranging from prenatal care to chronic disease management. The ability of ultrasound to provide real-time, accurate imaging without the risks associated with more invasive procedures is making it a preferred choice among both patients and healthcare providers. Moreover, as individuals become more proactive about their health, there is a growing demand for high-quality, accessible healthcare services, further fueling the adoption of ultrasound devices. This increased spending is also encouraging healthcare facilities to invest in the latest ultrasound technology, ensuring they can meet the rising expectations of a more informed and health-conscious population.

United States Ultrasound Devices Market News:

• In February 2023, GE HealthCare (Nasdaq: GEHC), a leading global precision care innovator, announced that it has signed an agreement to acquire Caption Health, Inc., a privately held artificial intelligence (AI) healthcare leader that develops clinical applications to aid in early disease detection and uses AI to assist in ultrasound scans. This agreement includes equipping trained personnel around the country with the Caption Health AI technology to perform cardiac ultrasounds in alternate places of treatment and, in the future, in the comfort of patients' homes.
• In August 2024, Siemens Healthineers announced that the ACUSON Origin, a new dedicated cardiovascular ultrasound system with artificial intelligence (AI) characteristics, has been cleared by the FDA. The device can help clinicians execute cardiac treatments more effectively, including diagnostics, structural heart disease, and electrophysiology. The new AcuNav Lumos 4D ICE (intracardiac echocardiography) catheter is only available with the ACUSON Origin and offers improved imaging for difficult heart surgeries.

United States Ultrasound Devices Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2024-2032. Our report has categorized the market based on product type, device display type, device portability, application and end use.

Product Type Insights:

• 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)

The report has provided a detailed breakup and analysis of the market based on the product type. This includes diagnostic ultrasound systems (2d imaging systems, 3d and 4d imaging systems, doppler imaging) and therapeutic ultrasound systems (high-intensity focused ultrasound (HIFU), extracorporeal shockwave lithotripsy (ESWL)).

Device Display Type Insights:

• Color Ultrasound Devices
• Black and White (B/W) Ultrasound Devices
   

A detailed breakup and analysis of the market based on the device display type have also been provided in the report. This includes color ultrasound devices, and black and white (B/W) ultrasound devices.

Device Portability Insights:

• Trolley/Cart-Based Ultrasound Devices
• Compact/Handheld Ultrasound Devices
   

The report has provided a detailed breakup and analysis of the market based on the device portability. This includes trolley/cart-based ultrasound devices, and compact/handheld ultrasound devices.

Application Insights:

• Radiology/General Imaging
• Obstetrics/Gynecology
• Cardiology
• Urology
• Vascular
• Others
   

A detailed breakup and analysis of the market based on the application have also been provided in the report. This includes radiology/general imaging, obstetrics/gynecology, cardiology, urology, vascular, and others.

End Use Insights:

• Hospitals
• Imaging Centers
• Research Centers

The report has provided a detailed breakup and analysis of the market based on the end use. This includes hospitals, imaging centers, and research centers.

Regional Insights:

• Northeast
• Midwest
• South
• West

The report has also provided a comprehensive analysis of all the major regional markets, which include Northeast, Midwest, South, and West.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

United States Ultrasound Devices Market Report Coverage:

Key Questions Answered in This Report:

• How has the United States ultrasound devices market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the United States ultrasound devices market?
• What is the breakup of the United States ultrasound devices market on the basis of product type?
• What is the breakup of the United States ultrasound devices market on the basis of device display type?
• What is the breakup of the United States ultrasound devices market on the basis of device portability?
• What is the breakup of the United States ultrasound devices market on the basis of application?
• What is the breakup of the United States ultrasound devices market on the basis of end use?
• What are the various stages in the value chain of the United States ultrasound devices market? 
• What are the key driving factors and challenges in the United States ultrasound devices?
• What is the structure of the United States ultrasound devices market and who are the key players?
• What is the degree of competition in the United States ultrasound devices market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the United States ultrasound devices market from 2018-2032.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the United States ultrasound devices market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the United States ultrasound devices industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.