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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Ultrasound Devices Market: By Device Display Type Ultrasound Devices), By Product Type, Extracorporeal Shockwave Lithotripsy ), By Application, By Device Portability and Region Forecast 2019-2030
Ultrasound Devices Market size was valued at US$ 9.2 billion in 2023 and is projected to grow with a significant CAGR of 6.6% from 2024-2030. Ultrasound devices are medical imaging devices used to visualize internal organs of the body by the transmission of high-frequency sound waves into the patient's body with the help of a probe. These high-frequency sound waves are reflected by body organs into the probe and are transmitted to a display and generate the image by using echoes. Clinically, ultrasound devices are used to visualize the liver, heart, kidneys, blood vessels, human fetus, and other internal body organs. Ultrasound devices are also used in sonography, which helps in therapeutic and diagnostic procedures.
The increase in the prevalence of chronic diseases related to cardiovascular, neurological, diabetes, and cancer, the wide range of ultrasound device applications, technological advancements such as 3D and 4D, and the rise in demand for minimally invasive or non-invasive diagnostic procedures are anticipated to fuel the market. Moreover, a rise in public-private partnership investments, an increase in the geriatric population affected by various diseases, and growing awareness of early disease diagnosis among healthcare professionals and patients are expected to boost the market over the forecast period. However, stringent regulatory policies for medical device approvals, insufficient reimbursement policies for diagnosis, a high cost of diagnostic procedures, a lack of skilled professionals to perform diagnosis, and a high risk of data storage are the major factors hindering the growth of the market.
Study Period
2024-2030Base Year
2023CAGR
6.6%Largest Market
North AmericaFastest Growing Market
Europe
Ultrasound devises market is growing at a significant CAGR owing to the development of technologically advanced devices with 3D & 4D technology and rise in prevalence of chronic diseases such as cancer. Most of the companies are focusing on acquisitions and mergers for the diversification of business segment. The wide ranges of applications for the ultrasound devices are also boosting the revenue growth of ultrasound devices market. Product approvals and launching of new products help in strengthening product portfolio.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 9.2 billion |
Market CAGR |
6.6% |
By Device Display Type |
|
By Product Type |
|
By Application |
|
By Device Portability |
|
By Region |
|
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The global ultrasound devices market size was valued at US$ 9.2 billion in 2023 and is projected to grow at a CAGR of 6.6% from 2024 to 2030.
The market key players are: Esaote SpA (Italy) Hitachi, Ltd. (Japan) Mindray Medical International Ltd (China) Koninklijke Philips N.V. (Netherlands) Fujifilm Holdings Corporation (Japan) Analogic Corporation (U.S) Siemens Ltd. (Germany) Toshiba Corporation (Japan) InSightec Ltd. (Israel) Cura Healthcare (India) General Electric Corporation (U.S.)
The market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
1. Executive Summary |
2. Global Ultrasound Devices Market Introduction |
2.1. Global Ultrasound Devices Market - Taxonomy |
2.2. Global Ultrasound Devices Market -Definitions |
2.2.1. By Device Display Type |
2.2.2. By Product Type |
2.2.3. By Application |
2.2.4. By Device Portability |
2.2.5. By Region |
3. Global Ultrasound Devices Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Global Ultrasound Devices Market Dynamic Factors - Impact Analysis |
3.6. Global Ultrasound Devices Market - Competition Landscape |
4. Global Ultrasound Devices Market Analysis, 2019-2023 and Forecast, 2024-2030 |
4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Ultrasound Devices Market, By Device Display Type, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.1. Color Ultrasound Devices Devices |
5.1.1 Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Black & White (B/W) Ultrasound Devices Devices |
5.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6. Global Ultrasound Devices Market, By Product Type, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.1. Diagnostic Ultrasound Devices Systems |
6.1.1. 2D Imaging Systems |
6.1.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.1.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.1.3. Market Opportunity Analysis |
6.1.2. 3D & 4D Imaging Systems |
6.1.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.1.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.2.3. Market Opportunity Analysis |
6.1.3. Doppler Imaging |
6.1.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.1.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3.3. Market Opportunity Analysis |
6.2. Therapeutic Ultrasound Devices Systems |
6.2.1. High-Intensity Focused Ultrasound Devices (HIFU) |
6.2.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.2.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.1.3. Market Opportunity Analysis |
6.2.2. Extracorporeal Shockwave Lithotripsy (ESWL) |
6.2.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
6.2.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.2.3. Market Opportunity Analysis |
7. Global Ultrasound Devices Market, By Application, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.1. Radiology/General Imaging |
7.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Obstetrics/Gynecology |
7.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Cardiology |
7.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Urology |
7.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Vascular |
7.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
7.6. Others |
7.6.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
7.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.6.3. Market Opportunity Analysis |
8. Global Ultrasound Devices Market, By Device Portability, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.1. Trolley/Cart-Based Ultrasound Devices Devices |
8.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Compact/Handheld Ultrasound Devices Devices |
8.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
9. Global Ultrasound Devices Market Forecast, By Region, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.1. North America |
9.1.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia-Pacific |
9.3.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Latin America |
9.4.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Middle East and Africa |
9.5.1. Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
9.6. Global Ultrasound Devices Market - Opportunity Analysis Index, By Device Display Type, Product Type, Application, Device Portability, and Region, 2024-2030 |
10. North America Ultrasound Devices Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
10.1. Device Display Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.1.1. Color Ultrasound Devices Devices |
10.1.2. Black & White (B/W) Ultrasound Devices Devices |
10.2. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
10.2.1. Diagnostic Ultrasound Devices Systems |
10.2.1.1. 2D Imaging Systems |
10.2.1.2. 3D & 4D Imaging Systems |
10.2.1.3. Doppler Imaging |
10.2.2. Therapeutic Ultrasound Devices Systems |
10.2.2.1. High-Intensity Focused Ultrasound Devices (HIFU) |
10.2.2.2. Extracorporeal Shockwave Lithotripsy (ESWL) |
10.3. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.3.1. Radiology/General Imaging |
10.3.2. Obstetrics/Gynecology |
10.3.3. Cardiology |
10.3.4. Urology |
10.3.5. Vascular |
10.3.6. Others |
10.4. Device Portability Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
10.4.1. Trolley/Cart-Based Ultrasound Devices Devices |
10.4.2. Compact/Handheld Ultrasound Devices Devices |
10.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
10.5.1. USA |
10.5.2. Canada |
10.6. North America Ultrasound Devices Market - Opportunity Analysis Index, By Device Display Type, Product Type, Application, Device Portability, and Country, 2024-2030 |
10.7. North America Ultrasound Devices Market Dynamics - Trends |
11. Europe Ultrasound Devices Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
11.1. Device Display Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.1.1. Color Ultrasound Devices Devices |
11.1.2. Black & White (B/W) Ultrasound Devices Devices |
11.2. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
11.2.1. Diagnostic Ultrasound Devices Systems |
11.2.1.1. 2D Imaging Systems |
11.2.1.2. 3D & 4D Imaging Systems |
11.2.1.3. Doppler Imaging |
11.2.2. Therapeutic Ultrasound Devices Systems |
11.2.2.1. High-Intensity Focused Ultrasound Devices (HIFU) |
11.2.2.2. Extracorporeal Shockwave Lithotripsy (ESWL) |
11.3. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.3.1. Radiology/General Imaging |
11.3.2. Obstetrics/Gynecology |
11.3.3. Cardiology |
11.3.4. Urology |
11.3.5. Vascular |
11.3.6. Others |
11.4. Device Portability Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
11.4.1. Trolley/Cart-Based Ultrasound Devices Devices |
11.4.2. Compact/Handheld Ultrasound Devices Devices |
11.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
11.5.1. Germany |
11.5.2. UK |
11.5.3. France |
11.5.4. Spain |
11.5.5. Italy |
11.5.6. Russia |
11.5.7. Rest of Europe |
11.6. Europe Ultrasound Devices Market - Opportunity Analysis Index, By Device Display Type, Product Type, Application, Device Portability, and Country, 2024-2030 |
11.7. Europe Ultrasound Devices Market Dynamics - Trends |
12. Asia-Pacific Ultrasound Devices Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
12.1. Device Display Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.1.1. Color Ultrasound Devices Devices |
12.1.2. Black & White (B/W) Ultrasound Devices Devices |
12.2. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
12.2.1. Diagnostic Ultrasound Devices Systems |
12.2.1.1. 2D Imaging Systems |
12.2.1.2. 3D & 4D Imaging Systems |
12.2.1.3. Doppler Imaging |
12.2.2. Therapeutic Ultrasound Devices Systems |
12.2.2.1. High-Intensity Focused Ultrasound Devices (HIFU) |
12.2.2.2. Extracorporeal Shockwave Lithotripsy (ESWL) |
12.3. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.3.1. Radiology/General Imaging |
12.3.2. Obstetrics/Gynecology |
12.3.3. Cardiology |
12.3.4. Urology |
12.3.5. Vascular |
12.3.6. Others |
12.4. Device Portability Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
12.4.1. Trolley/Cart-Based Ultrasound Devices Devices |
12.4.2. Compact/Handheld Ultrasound Devices Devices |
12.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
12.5.1. China |
12.5.2. India |
12.5.3. Japan |
12.5.4. ASEAN |
12.5.5. Australia & New Zealand |
12.5.6. Rest of Asia-Pacific |
12.6. Asia-Pacific Ultrasound Devices Market - Opportunity Analysis Index, By Device Display Type, Product Type, Application, Device Portability, and Country, 2024-2030 |
12.7. Asia-Pacific Ultrasound Devices Market Dynamics - Trends |
13. Latin America Ultrasound Devices Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
13.1. Device Display Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.1.1. Color Ultrasound Devices Devices |
13.1.2. Black & White (B/W) Ultrasound Devices Devices |
13.2. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
13.2.1. Diagnostic Ultrasound Devices Systems |
13.2.1.1. 2D Imaging Systems |
13.2.1.2. 3D & 4D Imaging Systems |
13.2.1.3. Doppler Imaging |
13.2.2. Therapeutic Ultrasound Devices Systems |
13.2.2.1. High-Intensity Focused Ultrasound Devices (HIFU) |
13.2.2.2. Extracorporeal Shockwave Lithotripsy (ESWL) |
13.3. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.3.1. Radiology/General Imaging |
13.3.2. Obstetrics/Gynecology |
13.3.3. Cardiology |
13.3.4. Urology |
13.3.5. Vascular |
13.3.6. Others |
13.4. Device Portability Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
13.4.1. Trolley/Cart-Based Ultrasound Devices Devices |
13.4.2. Compact/Handheld Ultrasound Devices Devices |
13.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
13.5.1. Brazil |
13.5.2. Mexico |
13.5.3. Rest of Latin America |
13.6. Latin America Ultrasound Devices Market - Opportunity Analysis Index, By Device Display Type, Product Type, Application, Device Portability, and Country, 2024-2030 |
13.7. Latin America Ultrasound Devices Market Dynamics - Trends |
14. Middle East and Africa Ultrasound Devices Market Analysis, 2019-2023 and Forecast, 2024-2030 (Revenue, USD Mn) |
14.1. Device Display Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.1.1. Color Ultrasound Devices Devices |
14.1.2. Black & White (B/W) Ultrasound Devices Devices |
14.2. Product Type Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
14.2.1. Diagnostic Ultrasound Devices Systems |
14.2.1.1. 2D Imaging Systems |
14.2.1.2. 3D & 4D Imaging Systems |
14.2.1.3. Doppler Imaging |
14.2.2. Therapeutic Ultrasound Devices Systems |
14.2.2.1. High-Intensity Focused Ultrasound Devices (HIFU) |
14.2.2.2. Extracorporeal Shockwave Lithotripsy (ESWL) |
14.3. Application Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.3.1. Radiology/General Imaging |
14.3.2. Obstetrics/Gynecology |
14.3.3. Cardiology |
14.3.4. Urology |
14.3.5. Vascular |
14.3.6. Others |
14.4. Device Portability Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
14.4.1. Trolley/Cart-Based Ultrasound Devices Devices |
14.4.2. Compact/Handheld Ultrasound Devices Devices |
14.5. Country Analysis 2019-2023 and Forecast 2024-2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
14.5.1. Gulf Cooperation Council (GCC) Countries |
14.5.2. South Africa |
14.5.3. Rest of MEA |
14.6. MEA Ultrasound Devices Market - Opportunity Analysis Index, By Device Display Type, Product Type, Application, Device Portability, and Country, 2024-2030 |
14.7. MEA Ultrasound Devices Market Dynamics - Trends |
15. Competition Landscape |
15.1. Strategic Dashboard of Top Market Players |
15.2. Company Profiles (Introduction, Financial Analysis, Key Offerings, Key Developments, Strategies, and SWOT Analysis) |
15.2.1. Analogic Corporation |
15.2.2. Chison Medical Technologies Co., Ltd. |
15.2.3. Clarius Mobile Health |
15.2.4. Cura Healthcare |
15.2.5. GE Healthcare |
15.2.6. Hitachi, Ltd. |
15.2.7. Hologic, Inc. |
15.2.8. Koninklijke Philips N.V. |
15.2.9. Mindray Medical International Limited |
15.2.10. Mobisante, Inc. |
15.2.11. Neusoft Corporation |
15.2.12. Samsung Electronics Co., Ltd. |
15.2.13. Siemens Healthineers Ag |
16. Research Methodology |
17. Key Assumptions and Acronyms |
Key Market Players