Ultrasound Equipment Market

Global Ultrasound Equipment Market Size, Share, Analysis, Outlook, Forecast: By Technology: Diagnostic Ultrasound, Therapeutic Ultrasound; By Device Display: Colour Ultrasound, B/W Ultrasound; By Portability: Trolley/Cart-based Ultrasound Systems, Others; By Application; By End User; Regional Analysis; Supplier Landscape; 2024-2032

Global Ultrasound Equipment Market Outlook

The global ultrasound equipment market size reached a value of about USD 8.25 billion in 2023. The market is likely to grow at a CAGR of roughly 6.9% between 2024-2032. The market value will be around USD 15.04 billion by 2032.



Read more about this report - REQUEST FREE SAMPLE COPY IN PDF


News and Developments in the Market

In March 2023, North-western Medicine and Google announced their collaboration to provide foetal ultrasound equipment to developing countries. They will be combining artificial intelligence with a cost-effective handheld device and a smartphone.


The aim of the product is easy to access and in-home usage for assessing the foetus. The artificial intelligence will be designed to analyse the images of professionals or pregnant people.


It is recommended by World Health Organisation that an ultrasound check-up should be done within 24 weeks of pregnancy. The increasing awareness will make people adopt handheld machines for regular check-ups of the foetus and add further growth to the ultrasound equipment market.


In March 2023, Wipro GE Healthcare announced a new manufacturing plant in India, with an investment of over INR 100 crores. The new plant of Wipro GE aims to boost the availability of medical devices by manufacturing them locally.


It is set up to provide 24/7 manufacturing of devices like CT machines, Ultrasound Devices, cathlab devices, and ventilators, among others. With the increased availability of equipment, the number of services in healthcare centres will rise. It will help Wipro GE increase its ultrasound equipment market share.


In November 2021, Canon Medical announced that they would be supporting the iLead (innovative Liver, Elasticity, Attenuation and Dispersion) study. The study aims to evaluate by comparing quantitative ultrasound imaging tools and liver biopsy. The study involved non-invasive and safe tools available in the Aplio Liver package provided by Canon Medical.


The invasive procedures tend to be costly, creating financial complications, which in turn propels the development of non-invasive ultrasound tools. The Aplio system now consists of three technologies providing imaging of the liver in a daily routine.


The Rising Cases of Chronic Diseases, Rapid Technological Development, and Increased Government to be Among the Major Factors Propelling the Market Growth

Ultrasound machines use high-frequency sound waves, sending them in the body, which reflects off the body parts. The computer then receives the feedback to form an image of the organs inside. The images are used to examine body parts like the heart, liver, kidney, and abdomen, among others, to diagnose chronic disorders.


The major market trends aiding the market growth include the following:

  • The cases of chronic diseases are increasing worldwide, increasing the importance of ultrasound. It helps diagnose any possible disorders in the body's internal organs.
  • It is also utilised to examine the development of a foetus. This rising prevalence of diseases and demand for diagnosis is a key driver for the growth of the global ultrasound equipment market.
  • The technology is developing rapidly and helping physicians perform better diagnoses with the implementation of artificial intelligence. Companies are raising their focus in the development of new technologies, and this can further propel the ultrasound equipment market development.
  • Governments are aiming to improve healthcare by increasing the funding for research and development and collaboration between private organisations sectors.
  • Through this collaborative effort, new products, novel medications, and advanced machines will be launched in the market. And with the help of innovative advertisement, the awareness about these products among people is rising. Thus, supporting the development of the global ultrasound devices market.


Implementation of AI, Developing Health Infrastructure, and Increasing Adoption of Handheld Devices to Offer Significant Growth Opportunities to the Market for Ultrasound Equipment

Enhanced Functionality with AI

With the increasing implementation of Artificial Intelligence in ultrasound equipment, manufacturers are developing new models with improved functionality for easy assessment. This gives the market plenty of opportunities for development.


Rising Infrastructure in Developing Countries

The developing nations are bolstering their healthcare infrastructure, noticing the rising prevalence of diseases and lacking equipment. This presents the established players with great opportunities to expand their influence, while strengthening their position in the market.


Portable and Handheld Devices Rising in Popularity

With increasing awareness among people for early diagnosis and periodic check-ups during pregnancy, handheld devices will witness growth in the ultrasound equipment market. This rise will create new opportunities for this segment in the market.


Hardware Failure, Prior Medical Training, Costly Equipments to be Some of the Major Factors Impeding the Market Growth

Hardware Failures and Repair Can be Costly

Hardware complications frequently occur in ultrasound devices, especially the complications found in the imaging machine. These issues can halt the work and disturb the work progress. Sometimes the only way to resume work is to replace the piece of hardware.


Prior Medical Training for Proper Utilisation

Some degree of training and prior medical knowledge is necessary for properly utilising the equipment to scan the body part. The lack of professionals has been a major challenge for the growth of the global ultrasound equipment industry.


Costly Novel Ultrasound Technologies

The ultrasound equipment is advancing in technology, which is affecting the price to rise significantly. Small healthcare providers are more likely to purchase refurbished equipment as the new equipment’s cost can be hefty to afford.


Global Ultrasound Equipment Market Analysis

The ultrasound equipment market can be analysed on the basis of technology, device display, probability, applications, end uses, and major regions.


Based on technology, the market can be segmented into therapeutic and diagnostic ultrasound. Among these, the therapeutic ultrasound segment can be divided further into extracorporeal shockwave lithotripsy (ESWL) and high-intensity focused ultrasound (HIFU). On the other hand, the diagnostic ultrasound can be further divided into 2D, 3D, 4D ultrasound, and doppler ultrasound.


By device display, the market can be segmented into colour ultrasound and black and white ultrasound. Based on probability, the market segments include point-of-care (POC) ultrasound systems, trolley/cart-based ultrasound systems, and compact/handheld ultrasound systems.


Based on application, the market segments include radiology/general imaging, obstetrics/gynaecology, cardiology, urology, vascular, orthopaedic and musculoskeletal, and pain management, among others.


The end-users in the market include maternity centres, hospitals, ambulatory care centres, surgical and diagnostic centres, research and academics, among others. The regional markets include Asia Pacific, Europe, North America, Latin America, and Middle East and Africa.


The extensive EMR report provides a detailed assessment of the market by following the Porter's five forces model and provides a SWOT analysis. The market report offers a detailed analysis of the leading companies in the ultrasound equipment industry. It also covers their competitive landscape and the latest developments including mergers, acquisitions, investments, and expansion plans.


  • Koninklijke Philips N.V.
  • GE Healthcare
  • Hitachi, Ltd.
  • Siemens Healthineers AG
  • FUJIFILM Holdings Corporation
  • Hologic, Inc.
  • Canon Medical Systems Corporation
  • Medgyn Products, Inc.
  • Others


Major Technologies Include Diagnostic Ultrasound and Therapeutic Ultrasound

The market segments, based on technology, include diagnostic ultrasound and therapeutic ultrasound. The ultrasound equipment technology has developed significantly and is being applied in a broad spectrum of conditions, providing higher definition images. With the pandemic shaking the healthcare infrastructure, the importance of early diagnosis has grown, propelling the ultrasound equipment market development.


The diagnostic ultrasound sends sound waves in the body and records the feedback to create an image of the structure within the body. It is the most common method of ultrasound diagnosis and is very helpful in identifying abnormalities for treatment. It is likely to improve the value of the ultrasound equipment market forecast. There are further divisions in this segment, including 2D ultrasound, Doppler ultrasound, and 3D and 4D ultrasound.


The therapeutic ultrasound technology is applied in physiotherapy to relieve pain and accelerate healing of tissues. The therapeutic ultrasound treatment can treat sports injuries and joint pain. This segment can be further divided into high-intensity focused ultrasound (HIFU) and extracorporeal shockwave lithotripsy (ESWL). The increasing adoption of ultrasound technologies for multiple applications can enhance the market size.


The Device Display Types Include Black and White Ultrasound and Colour Ultrasound

By device display, the segments include colour ultrasound and black and white ultrasound. The colour display segment in the market will grow faster as it helps quantitatively compare regions due to the increased image quality. The black and white ultrasound display is generally used to observe a developing foetus, muscles and tendons, and internal organs.



Read more about this report - REQUEST FREE SAMPLE COPY IN PDF


Trolley/Cart-Based Ultrasound Systems, Point-of-Care (POC), and Compact/Handheld Ultrasound Systems are the Segments Based on Probability

Based on probability, the market can be segmented into trolley/cart-based ultrasound systems, point-of-care (POC), compact/handheld ultrasound systems. The trolley/cart-based ultrasound system segment is expected to account for a significant share of the market. It is widely being adopted by medical service providers and hospitals for emergency situations. The compact/handheld segment is projecting the most growth potential due to the flexibility they provide with diagnosis and instant results.


Many major manufacturers have started developing and delivering the equipment to the market. The handheld and portable are much more affordable than the standard machines and are way less bulky. This makes it practical for independent practitioners, physicians, and specialists to buy.


With the increasing prevalence of trained professionals, the market for this segment is expected to proliferate. Point-of-care ultrasound is a diagnosis performed by physicians or specialists at the bedside, ambulance, or wherever the patient is. It is standard practice for emergency situations, obstetric, musculoskeletal treatment, and other situations where the patient may be unable to move.


Ultrasound Equipment is Used in Radiology/General Imaging, Obstetrics/Gynaecology, Cardiology, Urology, Vascular, Orthopaedic, Musculoskeletal, and Pain Management

The segments of applications in the market include radiology/general imaging, obstetrics/gynaecology, cardiology, urology, vascular, orthopaedic, musculoskeletal, and pain management, among others. Ultrasound equipment in radiology/general imaging takes multiple images of internal body parts, allowing doctors to analyse and treat the disease. The imaging is done several times, allowing proper treatment and medicine administration planning.


The growing cases of chronic diseases is expected to increase the demand for imaging while propelling the market growth. The obstetric/gynaecology segment uses ultrasound equipment to capture pictures of the foetus in a pregnant woman. The latest advancements in ultrasound make it possible for physicians to assess the development of the foetus more accurately.


Ultrasound assessment is recommended by WHO to ensure proper care during the development of the baby. The rising awareness among people for diagnosis and assessment can aid the ultrasound equipment market expansion. The cardiology, urology, vascular, orthopaedic, musculoskeletal, and pain management segment.


The Equipment Finds End-Uses in Hospitals, Surgical Centres, Diagnostic Centres, Maternity Centres, Ambulatory Care Centres, Research and Academics

Hospitals are the leading end-users owing to the rising number of patients. The emerging nations are developing their health infrastructure and healthcare facilities, and this will raise the demand further. They use the ultrasound equipment for various purposes from diagnosis to therapeutic applications and sterilisation.


Diagnosis centres and maternity centres are growing in number, and it is rising steadily as a user. This rise is due to the growing awareness among people for early assessment and increasing prevalence of chronic diseases.


Institutes are increasing the utilisation of ultrasound as the technology advances. The implementation of ultrasound can drastically improve the accuracy of data collected for research and academics.


With the growing prevalence of chronic disorders and developing society the need for fast medical service is crucial. To support the need, ambulatory care centres have started utilising portable ultrasound equipment for better care of patients.


Surgical centres use ultrasound for minimally non-invasive operations. The whole procedure is carried out with the help of ultrasound imaging. Although, a certain level experience is required in endoscopic procedures before operating with this method.



Read more about this report - REQUEST FREE SAMPLE COPY IN PDF


Major Regional Markets Covered in the Global Ultrasound Equipment Market Report

The regional markets for the product include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The market for ultrasound has been growing in North America. The growth can be attributed to the early adoption of advanced technologies and the increasing prevalence of chronic diseases.


The government is taking initiatives to provide safe and cost-effective equipment with new and favourable policies to promote awareness of timely assessment.


The demand is rising rapidly, compelling the emerging nations to increase their emphasis on improving their healthcare infrastructure. Furthermore, COVID-19 has shaken the healthcare infrastructure of multiple countries. Due to that, governments are increasing funding for research and development to solidify their infrastructure.


China is considered a significant manufacturer of ultrasound devices, providing cost-effective equipment. The ultrasound equipment market in India is developing rapidly due to the focus on research and development. Major players like Siemens Healthcare, FUJIFILM, and more, are establishing plants in India, looking at the untapped market opportunities.


Technological advancements and innovations for portable machines and improved image quality are increasing the utilisation of the product. They are crucial in carrying out a better treatment plan for patients, which is why their demand is rising and aiding the global ultrasound equipment market.


Competitive Landscape

GE Healthcare is a market leader in innovating medical technology and diagnostics. The advanced machines and services enable the clinicians to work faster and create a better treatment plan for the patient. They develop various equipment for imaging, ultrasound, ventilators, and ECG diagnosis, among many others. They are also providing management and visualisation services.


Koninklijke Philips N.V. is a technology company engaging in multiple fields like healthcare, household electronics, and lighting to improve pe. They provide a wide variety of equipment for diagnosis, including radiography, ultrasound, imaging, and monitoring, among other services.


Canon Medical Systems Corporation is a multinational company leading in the market for healthcare technology. They are one of the significant companies incorporating AI and Deep learning for diagnosis and medicine. Their products include machines for CT scans, ultrasound, and x-ray, among others. The implementation of Ai and Deep learning will propel the market growth further.


Hitachi, Ltd. is a Japanese multinational company. It has provided people with innovative digital solutions for smart life, healthcare, industry, energy, and IT. Hitachi collaborates with various partners and implements technologies from different sectors to deliver healthcare services. Their products include radiation therapy, in-vitro diagnosis, and regenerative medicine.


Siemens Healthineers AG is a leading medical technology company based in Germany. Their products and services include medical imaging from mammography, radiography, ultrasound, and urology, among others.


Hologic Inc. is a healthcare company specialising in women's healthcare. They provide multiple products for women's healthcare like breast, gynaecological, and skeletal health, among others.


FUJIFILM Holdings Corporation is a multinational company based in Japan. It is engaged in imaging and other technologies for diverse industries like healthcare, photography, optics, and printing, among many others.


Medgyn Products, Inc. is a MedTech company that manufactures and distributes medical devices and machines for women's healthcare. Their products include a colposcope, portable ultrasound device, and image and data management system, among others.


Key Highlights of the Report

Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Technology
  • Device Display
  • Portability
  • Application
  • End User
  • Region
Breakup by Technology
  • Diagnostic Ultrasound
  • Therapeutic Ultrasound
Breakup by Device Display
  • Colour Ultrasound
  • B/W Ultrasound
Breakup by Portability
  • Trolley/Cart-based Ultrasound Systems
  • Compact/Handheld Ultrasound Systems
  • Point-of-care (PoC) Ultrasound Systems
Breakup by Application
  • Radiology/General Imaging
  • Obstetrics/Gynecology
  • Cardiology
  • Urology
  • Vascular
  • Orthopedic and Musculoskeletal
  • Pain Management
  • Others
Breakup by End User
  • Hospitals, Surgical Centers, and Diagnostic Centers
  • Maternity Centers
  • Ambulatory Care Centers
  • Research and Academics
  • Others
Breakup by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Mergers and Acquisitions
    • Certifications
Companies Covered
  • Koninklijke Philips N.V.
  • GE Healthcare
  • Hitachi, Ltd.
  • Siemens Healthineers AG
  • FUJIFILM Holdings Corporation
  • Hologic, Inc.
  • Canon Medical Systems Corporation
  • Medgyn Products, Inc.
  • Samsung Medison Co., Ltd.
  • Mindray Medical International Ltd.


*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
    1.1    Objectives of the Study
    1.2    Key Assumptions 
    1.3    Report Coverage – Key Segmentation and Scope  
    1.4    Research Methodology
2    Executive Summary
3    Global Ultrasound Equipment Market Overview
    3.1    Global Ultrasound Equipment Market Historical Value (2017-2023) 
    3.2    Global Ultrasound Equipment Market Forecast Value (2024-2032)
4    Global Ultrasound Equipment Market Landscape
    4.1    Global Ultrasound Equipment Developers Landscape
        4.1.1    Analysis by Year of Establishment
        4.1.2    Analysis by Company Size
        4.1.3    Analysis by Region
    4.2    Global Ultrasound Equipment Product Landscape
        4.2.1    Analysis by Technology
        4.2.2    Analysis by Device Display
        4.2.3    Analysis by Portability
        4.2.4    Analysis by Application
        4.2.5    Analysis by End User
5    Global Ultrasound Equipment Market Dynamics
    5.1    Market Drivers and Constraints
    5.2    SWOT Analysis
    5.3    Porter’s Five Forces Model 
    5.4    Key Demand Indicators
    5.5    Key Price Indicators
    5.6    Industry Events, Initiatives, and Trends 
    5.7    Value Chain Analysis
6    Global Ultrasound Equipment Market Segmentation 
    6.1    Global Ultrasound Equipment Market by Technology
        6.1.1    Market Overview
        6.1.2    Diagnostic Ultrasound
      2D Ultrasound
      3D and 4D Ultrasound
      Doppler Ultrasound
        6.1.3    Therapeutic Ultrasound
      High-Intensity Focused Ultrasound (HIFU)
      Extracorporeal Shockwave Lithotripsy (ESWL)
    6.2    Global Ultrasound Equipment Market by Device Display
        6.2.1    Market Overview
        6.2.2    Colour Ultrasound
        6.2.3    B/W Ultrasound
    6.3    Global Ultrasound Equipment Market by Portability
        6.3.1    Market Overview
        6.3.2    Trolley/Cart-based Ultrasound Systems
        6.3.3    Compact/Handheld Ultrasound Systems
        6.3.4    Point-of-care (PoC) Ultrasound Systems
    6.4    Global Ultrasound Equipment Market by Application
        6.4.1    Market Overview
        6.4.2    Radiology/General Imaging
        6.4.3    Obstetrics/Gynecology
        6.4.4    Cardiology 
        6.4.5    Urology
        6.4.6    Vascular
        6.4.7    Orthopedic and Musculoskeletal
        6.4.8    Pain Management
        6.4.9    Others
    6.5    Global Ultrasound Equipment Market by End User
        6.5.1    Market Overview
        6.5.2    Hospitals, Surgical Centers, and Diagnostic Centers
        6.5.3    Maternity Centers
        6.5.4    Ambulatory Care Centers
        6.5.5    Research and Academics
        6.5.6    Others
    6.6    Global Ultrasound Equipment Market by Region
        6.6.1    Market Overview
        6.6.2    North America 
        6.6.3    Europe
        6.6.4    Asia Pacific
        6.6.5    Latin America
        6.6.6    Middle East and Africa
7    North America Ultrasound Equipment Market
    7.1    Market Share by Country
    7.2    United States of America
    7.3    Canada
8    Europe Ultrasound Equipment Market
    8.1    Market Share by Country
    8.2    United Kingdom
    8.3    Germany
    8.4    France
    8.5    Italy
    8.6    Others
9    Asia Pacific Ultrasound Equipment Market
    9.1    Market Share by Country
    9.2    China
    9.3    Japan
    9.4    India
    9.5    ASEAN
    9.6    Australia
    9.7    Others
10    Latin America Ultrasound Equipment Market
    10.1    Market Share by Country
    10.2    Brazil
    10.3    Argentina
    10.4    Mexico
    10.5    Others
11    Middle East and Africa Ultrasound Equipment Market
    11.1    Market Share by Country
    11.2    Saudi Arabia
    11.3    United Arab Emirates
    11.4    Nigeria
    11.5    South Africa
    11.6    Others
12    Patent Analysis
    12.1    Analysis by Type of Patent
    12.2    Analysis by Publication year
    12.3    Analysis by Issuing Authority
    12.4    Analysis by Patent Age
    12.5    Analysis by CPC Analysis
    12.6    Analysis by Patent Valuation 
    12.7    Analysis by Key Players
13    Grants Analysis
    13.1    Analysis by year
    13.2    Analysis by Amount Awarded
    13.3    Analysis by Issuing Authority
    13.4    Analysis by Grant Application
    13.5    Analysis by Funding Institute
    13.6    Analysis by NIH Departments
    13.7    Analysis by Recipient Organization 
14    Funding Analysis
    14.1    Analysis by Funding Instances
    14.2    Analysis by Type of Funding
    14.3    Analysis by Funding Amount
    14.4    Analysis by Leading Players
    14.5    Analysis by Leading Investors
    14.6    Analysis by Geography
15    Partnership and Collaborations Analysis
    15.1    Analysis by Partnership Instances
    15.2    Analysis by Type of Partnership
    15.3    Analysis by Leading Players
    15.4    Analysis by Geography
16    Regulatory Framework
    16.1    Regulatory Overview
        16.1.1    US FDA
        16.1.2    EU EMA
        16.1.3    INDIA CDSCO
        16.1.4    JAPAN PMDA
        16.1.5    Others
17    Supplier Landscape
    17.1    Koninklijke Philips N.V.
        17.1.1    Financial Analysis
        17.1.2    Product Portfolio
        17.1.3    Demographic Reach and Achievements
        17.1.4    Mergers and Acquisitions
        17.1.5    Certifications
    17.2    GE Healthcare
        17.2.1    Financial Analysis
        17.2.2    Product Portfolio
        17.2.3    Demographic Reach and Achievements
        17.2.4    Mergers and Acquisitions
        17.2.5    Certifications
    17.3    Hitachi, Ltd.
        17.3.1    Financial Analysis
        17.3.2    Product Portfolio
        17.3.3    Demographic Reach and Achievements
        17.3.4    Mergers and Acquisitions
        17.3.5    Certifications
    17.4    Siemens Healthineers AG
        17.4.1    Financial Analysis
        17.4.2    Financial Portfolio
        17.4.3    Demographic Reach and Achievements
        17.4.4    Mergers and Acquisitions
        17.4.5    Certifications
    17.5    FUJIFILM Holdings Corporation
        17.5.1    Financial Analysis
        17.5.2    Product Portfolio
        17.5.3    Demographic Reach and Achievements
        17.5.4    Mergers and Acquisitions
        17.5.5    Certifications
    17.6    Hologic, Inc.
        17.6.1    Financial Analysis
        17.6.2    Product Portfolio
        17.6.3    Demographic Reach and Achievements
        17.6.4    Mergers and Acquisitions
        17.6.5    Certifications
    17.7    Canon Medical Systems Corporation
        17.7.1    Financial Analysis
        17.7.2    Product Portfolio
        17.7.3    Demographic Reach and Achievements
        17.7.4    Mergers and Acquisitions
        17.7.5    Certifications
    17.8    Medgyn Products, Inc.
        17.8.1    Financial Analysis
        17.8.2    Product Portfolio
        17.8.3    Demographic Reach and Achievements
        17.8.4    Mergers and Acquisitions
        17.8.5    Certifications
    17.9    Samsung Medison Co., Ltd.
        17.9.1    Financial Analysis
        17.9.2    Product Portfolio
        17.9.3    Demographic Reach and Achievements
        17.9.4    Mergers and Acquisitions
        17.9.5    Certifications
    17.10    Mindray Medical International Ltd.
        17.10.1    Financial Analysis
        17.10.2    Product Portfolio
        17.10.3    Demographic Reach and Achievements
        17.10.4    Mergers and Acquisitions
        17.10.5    Certifications
18    Global Ultrasound Equipment Market - Distribution Model (Additional Insight)
    18.1    Overview 
    18.2    Potential Distributors 
    18.3    Key Parameters for Distribution Partner Assessment 
19    Key Opinion Leaders (KOL) Insights (Additional Insight)
20    Company Competitiveness Analysis (Additional Insight)

    20.1    Very Small Companies
    20.2    Small Companies
    20.3    Mid-Sized Companies
    20.4    Large Companies
    20.5    Very Large Companies
21    Payment Methods (Additional Insight)
    21.1    Government Funded
    21.2    Private Insurance
    21.3    Out-of-Pocket


*Additional insights provided are customisable as per client requirements.

Key Questions Answered in the Report

In 2023, the global market for ultrasound equipment attained a value of nearly USD 8.25 billion.

The market is expected to expand at a CAGR of 6.9% in the period of 2024 and 2032.

The market is estimated to experience healthy growth to reach USD 15.04 billion by 2032.

The rising number of people with organ disorders and the increasing elder population are the main drivers of the industry.

Government initiatives for better healthcare infrastructure and rising demand for 2D and 3D/4D diagnostic equipment.

The major regions in the industry are North America, Latin America, the Middle East, Africa, Europe, and the Asia Pacific, with North America as the leading market region.

Diagnostic ultrasound and therapeutic ultrasound are the technologies in the market.

The device display in the market is a colour ultrasound, and black and white ultrasound.

The probability segment includes trolley/cart-based ultrasound systems, compact/handheld ultrasound systems, and point-of-care (POC) ultrasound systems.

The applications in the market include radiology/general imaging, obstetrics/gynaecology, cardiology, urology, vascular, orthopaedic, and musculoskeletal, and pain management, among others.

The end-users in the market are hospitals, surgical centres, diagnostic centres, maternity centres, ambulatory care centres, and research and academics, among others.

The major players in the industry include Koninklijke Philips N.V., GE Healthcare, Hitachi, Ltd., Siemens Healthineers AG, FUJIFILM Holdings Corporation, Hologic, Inc., Canon Medical Systems Corporation, and Medgyn Products, Inc., among others

Purchase Full Report

Mini Report

$ 2969     $2699
  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

$ 5499     $4999
  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update
most popular

Five User License

$ 6599     $5999
  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

$ 7699     $6999
  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Any Question? Speak With An Analyst

Contact Analyst

View A Sample

Request Sample

Did You Miss Anything, Ask Now

Request Customisation
Why Expert Market Research?

Right People

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

Right Methodology

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

Right Price

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

Right Support

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.