- Therapeutics ultrasound devices
- Extracorporeal shockwave lithotripsy
- High-intensity focused ultrasound
- Diagnostics ultrasound devices
- 2D, 3D, and 4D technology
- Doppler technology
Ultrasound Devices Market size was valued at USD 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 ultrasound devices 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 ultrasound devices 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 ultrasound devices market.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
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.
The ultrasound devices market size was valued at USD 9.2 billion in 2023
The ultrasound devices 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 ultrasound devices 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.Device Type |
2.2.2.Technology |
2.2.3.End User |
2.2.4.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. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID-19 on Market |
4. Global Ultrasound Devices Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Ultrasound Devices Market By Device Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Therapeutics ultrasound devices |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Extracorporeal shockwave lithotripsy |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. High-intensity focused ultrasound |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Diagnostics ultrasound devices |
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
5.5. 2D, 3D, and 4D technology |
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.5.3. Market Opportunity Analysis |
5.6. Doppler technology |
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.6.3. Market Opportunity Analysis |
6. Global Ultrasound Devices Market By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. Portable Ultrasound Devices |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Bedside devices |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Trolley/cart based devices |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Handheld devices |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Standalone ultrasound devices |
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
7. Global Ultrasound Devices Market By End User, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Hospitals |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Clinics |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Diagnostic Centers |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Ambulatory surgical Centers |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Others |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8. Global Ultrasound Devices Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9. North America Ultrasound Devices Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Device Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Therapeutics ultrasound devices |
9.1.2.Extracorporeal shockwave lithotripsy |
9.1.3.High-intensity focused ultrasound |
9.1.4.Diagnostics ultrasound devices |
9.1.5.2D, 3D, and 4D technology |
9.1.6.Doppler technology |
9.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.Portable Ultrasound Devices |
9.2.2.Bedside devices |
9.2.3.Trolley/cart based devices |
9.2.4.Handheld devices |
9.2.5.Standalone ultrasound devices |
9.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Hospitals |
9.3.2.Clinics |
9.3.3.Diagnostic Centers |
9.3.4.Ambulatory surgical Centers |
9.3.5.Others |
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10. Europe Ultrasound Devices Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Device Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Therapeutics ultrasound devices |
10.1.2.Extracorporeal shockwave lithotripsy |
10.1.3.High-intensity focused ultrasound |
10.1.4.Diagnostics ultrasound devices |
10.1.5.2D, 3D, and 4D technology |
10.1.6.Doppler technology |
10.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Portable Ultrasound Devices |
10.2.2.Bedside devices |
10.2.3.Trolley/cart based devices |
10.2.4.Handheld devices |
10.2.5.Standalone ultrasound devices |
10.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Hospitals |
10.3.2.Clinics |
10.3.3.Diagnostic Centers |
10.3.4.Ambulatory surgical Centers |
10.3.5.Others |
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
10.4.6.Rest of EU |
11. Asia Pacific (APAC) Ultrasound Devices Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Device Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Therapeutics ultrasound devices |
11.1.2.Extracorporeal shockwave lithotripsy |
11.1.3.High-intensity focused ultrasound |
11.1.4.Diagnostics ultrasound devices |
11.1.5.2D, 3D, and 4D technology |
11.1.6.Doppler technology |
11.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Portable Ultrasound Devices |
11.2.2.Bedside devices |
11.2.3.Trolley/cart based devices |
11.2.4.Handheld devices |
11.2.5.Standalone ultrasound devices |
11.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Hospitals |
11.3.2.Clinics |
11.3.3.Diagnostic Centers |
11.3.4.Ambulatory surgical Centers |
11.3.5.Others |
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12. Middle East and Africa (MEA) Ultrasound Devices Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Device Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Therapeutics ultrasound devices |
12.1.2.Extracorporeal shockwave lithotripsy |
12.1.3.High-intensity focused ultrasound |
12.1.4.Diagnostics ultrasound devices |
12.1.5.2D, 3D, and 4D technology |
12.1.6.Doppler technology |
12.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Portable Ultrasound Devices |
12.2.2.Bedside devices |
12.2.3.Trolley/cart based devices |
12.2.4.Handheld devices |
12.2.5.Standalone ultrasound devices |
12.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Hospitals |
12.3.2.Clinics |
12.3.3.Diagnostic Centers |
12.3.4.Ambulatory surgical Centers |
12.3.5.Others |
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13. Latin America Ultrasound Devices Market,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Device Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Therapeutics ultrasound devices |
13.1.2.Extracorporeal shockwave lithotripsy |
13.1.3.High-intensity focused ultrasound |
13.1.4.Diagnostics ultrasound devices |
13.1.5.2D, 3D, and 4D technology |
13.1.6.Doppler technology |
13.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Portable Ultrasound Devices |
13.2.2.Bedside devices |
13.2.3.Trolley/cart based devices |
13.2.4.Handheld devices |
13.2.5.Standalone ultrasound devices |
13.3. End User Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Hospitals |
13.3.2.Clinics |
13.3.3.Diagnostic Centers |
13.3.4.Ambulatory Surgical Centers |
13.3.5.Others |
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M&A, Strategies, and SWOT Analysis) |
14.2.1.Esaote SpA (Italy) |
14.2.2.Hitachi, Ltd. (Japan) |
14.2.3.Mindray Medical International Ltd (China) |
14.2.4.Koninklijke Philips N.V. (Netherlands) |
14.2.5.Fujifilm Holdings Corporation (Japan) |
14.2.6.Analogic Corporation (U.S) |
14.2.7.Siemens Ltd. (Germany) |
14.2.8.Toshiba Corporation (Japan) |
14.2.9.InSightec Ltd. (Israel) |
14.2.10.Cura Healthcare (India) |
14.2.11.General Electric Corporation (U.S.) |
15. Research Methodology |
16. Appendix and Abbreviations |