Ultrasound Devices Market: By Device Type (Therapeutics ultrasound devices, Extracorporeal shockwave lithotripsy, High-intensity focused ultrasound, Diagnostics ultrasound devices, 2D, 3D, and 4D technology, Doppler technology), By Technology (Portable Ultrasound Devices, Bedside devices, Trolley/cart based devices, Handheld devices, Standalone ultrasound devices), By Application (Traditional areas (Radiology, Gynaecology, Cardiology, Urology, Others), By Emerging areas (Emergency medicine, Anaesthesiology, Musculoskeletal, Others), By End-user (Hospitals, Clinics, Diagnostic Centers, Ambulatory Surgical Centers, Others), and Geography.  

Purchase Option

$ 4400
$ 6600
$ 8900

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.

Ultrasound Devices Market Key Developments:
  • In July 2017, Philips acquired TomTec Imaging Systems to strengthen its ultrasound device business
  • In July 2016, InSightec received FDA approval for ExAblate neuro device used to treat the essential tremor
  • In August 2014, Cura Healthcare entered into the ultrasound devices business by the acquisition of DE Healthcare.

Global Ultrasound Devices Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

6.6%

Largest Market

North America

Fastest Growing Market

Europe
Ultrasound Devices Market Dynamics

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.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario

Global Ultrasound Devices Market Segmentation

By Device Type
  • Therapeutics ultrasound devices
  • Extracorporeal shockwave lithotripsy
  • High-intensity focused ultrasound
  • Diagnostics ultrasound devices
  • 2D, 3D, and 4D technology
  • Doppler technology
By Technology
  • Portable Ultrasound Devices
  • Bedside devices
  • Trolley/cart based devices
  • Handheld devices
  • Standalone ultrasound devices
By End User
  • Hospitals
  • Clinics
  • Diagnostic Centers
  • Ambulatory surgical Centers
  • Others

Frequently Asked Questions

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 
  • 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.)

Adjacent Markets