Ultrasound Devices Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033

Ultrasound Devices Industry Overview

The market for ultrasound equipment is expanding significantly due to increased healthcare spending, growing need for non-invasive diagnostic tools, and technological improvements. Because ultrasound equipment can produce high-resolution, real-time images without the dangers of radiation, it is frequently utilized for imaging in obstetrics, cardiology, musculoskeletal, and vascular applications. The need for ultrasound devices is further increased by the aging of the world's population and the rise in chronic illnesses like cancer and cardiovascular disorders. Furthermore, advancements like handheld and portable ultrasound devices are increasing access to diagnostics, especially in rural locations. The industry is growing as a result of government measures to enhance early illness detection and healthcare infrastructure. The market for ultrasound devices is expected to continue growing despite obstacles like high upfront prices and complicated regulations.

The market for ultrasonography equipment is expanding due to a number of factors, including the rise in chronic illnesses like HIV and cancer worldwide. The World Health Organization (WHO) 2022, for example, presented data showing that approximately 2.26 million instances of breast cancer, 2.21 million cases of lung cancer, 1.93 million cases of colon and rectum cancer, 1.41 million cases of prostate cancer, and 1.09 million cases of stomach cancer were reported globally in 2020. Additionally, according to Globocan 2020, 1.41 million new cases of prostate cancer were reported globally in 2020. According to the same source, there would be about 2.24 million new instances of prostate cancer in 2040.

The growing number of elderly people worldwide is another important reason driving the market expansion for ultrasonography instruments. Approximately one billion people worldwide were over 60 in 2020, according to figures from the WHO. According to the source, the number of people in the 60 and older age group is predicted to double to 2.1 billion by 2050, and the number of people in the 80 and older age group is predicted to triple to 426 million between 2020 and 2050. Age is thought to be one of the main risk factors for the development of a number of disorders, including examining internal and bone injuries, diagnosing spinal problems and skeletal injuries, and detecting osteoporosis. As a result, the growing number of elderly people is anticipated to increase the number of people with chronic diseases worldwide, which will raise demand for ultrasound devices during the forecast period and propel the growth of the ultrasound devices market.

Growth Drivers for the Ultrasound Devices Market

Growing Need for Transportable Ultrasound Equipment

Because of their affordability, portability, and ease of use, portable ultrasound equipment is becoming more and more popular. Additionally, without requiring large-scale equipment, these devices provide real-time imaging in a variety of situations, such as emergency rooms and rural locations, facilitating speedy diagnosis and better patient access to medical services. For example, Butterfly Network introduced their third generation iQ3 digital ultrasound in March 2024, which offers roughly twice the processing capability of its predecessor, improved portability, and real-time smartphone imaging.

Developments in Medical Imaging Without Invasive Procedures

Non-invasive imaging capabilities are being improved by ongoing advancements in ultrasound technology. On the other hand, contemporary ultrasound devices eliminate the need for intrusive treatments by providing high-resolution images for precise evaluations. Additionally, this development is encouraging a wider use of ultrasound equipment across many medical specialties, which will guarantee faster and safer patient assessments. The ALOKA ARIETTA 850 endoscopic ultrasound system, for example, was introduced by FUJIFILM India in February 2024 and is situated at Fortis Hospital in Bengaluru, India. This cutting-edge device transforms healthcare in India by improving cancer diagnosis, therapeutic procedures, and non-invasive treatments for gastrointestinal disorders. It also excels in picture quality and diagnostics.

Integrating AI Improves Diagnostic Precision 

The accuracy and speed of diagnoses are being enhanced by the incorporation of AI into ultrasound equipment. Furthermore, AI systems improve workflow speed, minimize human mistake, and help analyze complex photos. Additionally, this technology helps physicians provide assessments in a variety of medical specialties more quickly and accurately. For example, GE HealthCare unveiled the Voluson Signature 20 and 18, two new ultrasound devices with ergonomic design and AI integration, in April 2024. These gadgets work on important features including automated pelvic floor and fibroid examinations, voice commands, and AI-driven fetal anatomy identification.

Challenges in the Ultrasound Devices Market

Competition from Alternative Imaging Technologies

The market for ultrasound devices is challenged by competition from alternative imaging technologies such as CT and MRI scans. MRI and CT scans offer higher-resolution imaging, especially for more sophisticated or detailed diagnosis, like in neurological, musculoskeletal, or oncological applications, even if ultrasound has benefits like being less expensive, portable, and non-invasive. Because of this, ultrasound's market share may be constrained when healthcare professionals choose these technologies when more accurate imaging is needed. This competition is further heightened by the growing accessibility and cost of MRI and CT technology, particularly in industrialized nations. Even while ultrasonography is still the method of choice for many diagnostic procedures, its application may be limited in some clinical contexts, especially when other technologies are more appropriate for the patient's requirements.

High Initial Costs

The market for ultrasound equipment is severely hampered by high starting costs, especially for sophisticated versions with high-resolution imaging capabilities. Smaller healthcare facilities may not be able to afford this equipment due to their high cost, especially those in developing nations with tight resources. Smaller clinics find it challenging to acquire and maintain ultrasound equipment due to its high cost and related expenses like software upgrades, maintenance, and training. Smaller or rural healthcare facilities may have to rely on antiquated or less sophisticated equipment, whereas larger hospitals and private clinics may be able to invest in cutting-edge ultrasound systems. This can lead to disparities in access to healthcare. Access to high-quality diagnostic imaging is therefore still a major obstacle to global healthcare equity.

Diagnostic ultrasound devices are crucial in the global ultrasound device market

Diagnostics ultrasound devices are one of the cornerstone products in the global ultrasound device market because of their unprecedented versatility and application. Offering real-time imaging abilities without ionizing radiation, it plays a pivotal function in diagnosing numerous medical situations across multiple specialties. From obstetrics to cardiology and beyond, its non-invasive nature, portability, and cost-effectiveness make it indispensable. As healthcare focuses more on early detection and minimally invasive approaches, the diagnostics ultrasound device remains essential for progressed patient care and consequences.

Ultrasound equipment that are mounted on trolleys or carts are a significant player in the global industry

Trolley/Cart-based ultrasound devices command sizeable global market shares. This is attributed to their versatility and comprehensive capability. They provide advanced imaging competencies coupled with ergonomic designs and cater to many medical specialties. Their considerable size allows for more substantial processing power and a wider variety of functions than transportable alternatives, making them crucial in health facility settings. With the growing demand for accurate diagnostics and procedural guidance, trolley-based ultrasound devices remain the preferred choice, driving their dominance worldwide.

Color ultrasound equipment accounts for a sizeable portion of the global market

Color ultrasound devices claim a sizeable percentage of the worldwide market. This is owed to their quintessential role in diagnostic precision and flexibility. Overlaying color onto traditional grayscale images provides a more suitable visualization of blood flow and tissue perfusion, essential for assessing vascular conditions, cardiac function, and various pathologies. Color ultrasound devices are popular because they provide real-time, non-invasive vascular imaging. Their usefulness spans multiple clinical specialties and holds a vast global ultrasound device market proportion.

Radiology and general imaging are key segments in the ultrasound market

Radiology/general imaging represents one of the dominant segments in the global ultrasound device market. This is because of its vast applicability and integral role in diagnostic medicine. Ultrasound's non-invasive nature, actual-time imaging capabilities, and absence of ionizing radiation make it a preferred choice for various diagnostic methods, from assessing abdominal organs to guiding interventional approaches. Ultrasound devices are in high demand in radiology and general imaging because healthcare structures are aware of early detection and minimally invasive strategies. These devices remain a cornerstone in present-day medical exercise and dominate the ultrasound device market.

One of the major players in the worldwide ultrasound device industry is hospitals

Hospitals constitute among the leading segments in the global ultrasound device market. This is attributed to their high patient throughput and numerous diagnostic needs. The need remains always sturdy, with ultrasound devices vital for diverse scientific specialties in health center settings, including obstetrics, cardiology, and emergency care. Hospitals frequently have large budgets, permitting them to invest in advanced ultrasound technologies, further solidifying their dominance in the ultrasound device market.

Ultrasound Devices Market Overview by Regions

By countries, the global defibrillator market is divided into United States, Canada, France, Germany, Italy, Spain, United Kingdom, Belgium, Netherlands, Turkey, China, Japan, India, South Korea, Thailand, Malaysia, Indonesia, Australia, New Zealand, Brazil, Mexico, Argentina, Saudi Arabia, UAE, and South Africa.

United States Ultrasound Devices Market

Due to the increasing need for non-invasive diagnostic imaging in a number of medical specialties, such as obstetrics, cardiology, musculoskeletal disorders, and emergency care, the US market for ultrasound devices is among the biggest in the world. Ultrasound technology is used because it can produce high-resolution, real-time images without using dangerous radiation, which makes it perfect for routine screenings and diagnostics. The market is growing as a result of the aging population, rising rates of chronic illnesses, and improvements in portable ultrasound technology. Ultrasound technology is also widely used in diagnostic clinics, hospitals, and outpatient facilities. High startup costs and the requirement for knowledgeable operators present difficulties, though. The U.S. ultrasound market is anticipated to continue growing due to technological advancements including 3D and 4D imaging and the growing use of point-of-care devices.

The geriatric population is more prone to chronic diseases, which is driving the ultrasound devices market's growth over the forecast period. Additionally, ongoing technological advancements and the world's aging population are contributing to an increase in the incidence of various chronic diseases. For example, the September 2020 World Population Ageing Report estimates that over 46 million Americans are 65 years of age or older, and that figure is projected to rise to about 90 million by 2050.

Germany Ultrasound Devices Market

Due to a robust healthcare system and rising demand for non-invasive diagnostic imaging, the German market for ultrasound devices is expanding steadily. The capacity of ultrasound technology to produce precise, real-time images without radiation makes it a popular tool in emergency care, cardiology, obstetrics, and musculoskeletal imaging. The market is further driven by Germany's aging population and the country's rising rates of chronic illnesses including cardiovascular diseases. Diagnostic imaging is becoming more widely available thanks to technological developments like handheld and portable ultrasound equipment, particularly in distant and point-of-care settings. Further adoption of ultrasound devices is encouraged by the German healthcare system's emphasis on early diagnosis and preventative care, as well as a well-established payment mechanism. High prices and the need for training, however, continue to be obstacles to industry growth.

India Ultrasound Devices Market

The market for ultrasound equipment in India is expanding significantly due to factors such as improved access to healthcare, increased knowledge of healthcare issues, and the rising incidence of chronic illnesses like cancer, musculoskeletal problems, and cardiovascular conditions. Because ultrasound technology offers real-time, high-quality imaging without radiation, it is frequently utilized for non-invasive diagnostics in obstetrics, gynecology, cardiology, and general medicine. The development of portable and handheld ultrasound equipment, which makes diagnostics more accessible in remote locations, is another factor driving the demand for ultrasound devices. Growing disposable incomes and government programs to upgrade healthcare facilities are also fueling industry expansion. Nevertheless, despite the market's promising trajectory, obstacles including high gadget costs, a shortage of qualified practitioners, and restricted access in rural areas may prevent wider adoption.

Saudi Arabia Ultrasound Devices Market

The market for ultrasound devices in Saudi Arabia is growing quickly due to the country's developing healthcare infrastructure and the growing need for sophisticated diagnostic imaging. Because it provides non-invasive, real-time, radiation-free diagnostics, ultrasound technology is extensively utilized in emergency medicine, cardiology, obstetrics, and musculoskeletal imaging. The need for ultrasound devices is further fueled by an aging population and the rising incidence of chronic diseases like cancer, diabetes, and cardiovascular disorders. The usage of cutting-edge medical technology has increased as a result of Saudi Arabia's Vision 2030, which aims to improve healthcare quality and accessibility. Additionally, the expanding healthcare industry, which is bolstered by both government and private funding, increases the accessibility of ultrasound devices. However, there are still issues that prevent wider implementation in some areas, such as high upfront expenditures and the requirement for qualified personnel.

Ultrasound Devices Market Segments

By Products

1.    Diagnostic Ultrasound Systems
2.    Therapeutic Ultrasound Systems

By Portability

1.    Trolley/Cart-based Ultrasound Devices
2.    Compact/Handheld Ultrasound Devices

By Application

1.    Radiology/General Imaging
2.    Cardiology
3.    Gynecology
4.    Vascular
5.    Urology
6.    Others

By Display Type

1.    Color Ultrasound Devices
2.    Black & White (B/W) Ultrasound Devices

By End-Users

1.    Hospitals
2.    Surgical Centers
3.    Diagnostic Centers
4.    Maternity Centers
5.    Ambulatory Care Centers
6.    Academic Institutions

By Country

1.    North America

1.1    United States
1.2    Canada

2.    Europe

2.1    France
2.2    Germany
2.3    Italy
2.4    Spain
2.5    United Kingdom
2.6    Belgium
2.7    Netherlands
2.8    Turkey

3.    Asia Pacific

3.1    China
3.2    Japan
3.3    India
3.4    South Korea
3.5    Thailand
3.6    Malaysia
3.7    Indonesia
3.8    Australia
3.9    New Zealand

4.    Latin America

4.1    Brazil
4.2    Mexico
4.3    Argentina

5.    Middle East & Africa

5.1    Saudi Arabia
5.2    UAE
5.3    South Africa

All the Key players have been covered from 3 Viewpoints:

•    Overview
•    Recent Development
•    Revenue Analysis

Company Analysis:

1.    GE Healthcare
2.    Siemens Healthcare
3.    Philips
4.    Canon INC.
5.    Fujifilm Holdings Corporation
6.    Samsung Medison Co. Ltd. (Samsung Electronics Co. Ltd.)
7.    Hitachi Ltd.

Report Details: