Global Ultrasound Devices Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Technology;

Ultrasound Imaging, 3D and 4D Ultrasound Imaging and Doppler Imaging - Color Doppler Imaging, Continuous Doppler Imaging and Pulse Wave Doppler Imaging, and High-intensity Focused Ultrasound.

By Portability;

Compact/Handheld Devices and Cart/Trolley Devices.

By Application;

Anesthesiology, Cardiology, Gynecology/Obstetrics, Musculoskeletal, Radiology, Emergency Department, Critical Care, and Others.

By End Use;

Hospitals, Diagnostic Centers, Research Centers, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn135552208 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Ultrasound Devices Market (USD Million), 2021 - 2031

In the year 2024, the Global Ultrasound Devices Market was valued at USD 9,618.49 million. The size of this market is expected to increase to USD 13,462.17 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.9%.

The global ultrasound devices market has experienced significant growth and innovation in recent years, fueled by advancements in technology, increasing healthcare expenditure, and the rising prevalence of chronic diseases. Ultrasound devices are versatile diagnostic tools utilized across various medical specialties, including obstetrics, gynecology, cardiology, and radiology, due to their non-invasive nature and real-time imaging capabilities.

One of the key drivers of the ultrasound devices market is the growing demand for minimally invasive procedures. As patients seek less invasive diagnostic and therapeutic options, ultrasound devices have become increasingly popular for guiding procedures such as biopsies, injections, and surgeries. Additionally, the portability and affordability of modern ultrasound devices have expanded their use in point-of-care settings, enabling healthcare providers to deliver timely and efficient care in diverse environments, from hospitals to remote clinics.

Technological advancements have also played a pivotal role in shaping the landscape of the ultrasound devices market. Innovations such as 3D and 4D imaging, contrast-enhanced ultrasound, and elastography have improved the accuracy and diagnostic capabilities of ultrasound systems, enabling clinicians to visualize anatomical structures and pathological conditions with greater clarity. Moreover, the integration of artificial intelligence (AI) and machine learning algorithms has enhanced the efficiency and automation of ultrasound image analysis, leading to faster interpretation and more accurate diagnosis.

Despite the promising growth prospects, the ultrasound devices market faces challenges such as regulatory hurdles, reimbursement issues, and competition from alternative imaging modalities. However, ongoing research and development efforts aimed at enhancing image quality, expanding clinical applications, and improving usability are expected to drive continued growth and innovation in the global ultrasound devices market.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Portability
    3. Market Snapshot, By Application
    4. Market Snapshot, By End Use
    5. Market Snapshot, By Region
  4. Global Ultrasound Devices Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological advancements
        2. Growing geriatric population
        3. Increasing prevalence of chronic diseases
        4. Rising demand for minimally invasive procedures
      2. Restraints
        1. High cost of ultrasound devices
        2. Stringent regulatory requirements
        3. Limited reimbursement policies
        4. Availability of alternative imaging modalities
      3. Opportunities
        1. Emerging markets in Asia-Pacific
        2. Development of portable ultrasound devices
        3. Integration of AI in ultrasound
        4. Expansion of applications in healthcare
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Ultrasound Devices Market, By Technology, 2021 - 2031 (USD Million)
      1. Ultrasound Imaging
      2. 3D and 4D Ultrasound Imaging
      3. Doppler Imaging
        1. Color Doppler Imaging
        2. Continuous Doppler Imaging
        3. Pulse Wave Doppler Imaging
      4. High-intensity Focused Ultrasound
    2. Global Ultrasound Devices Market, By Portability, 2021 - 2031 (USD Million)
      1. Compact/Handheld Devices
      2. Cart/Trolley Devices
    3. Global Ultrasound Devices Market, By Application, 2021 - 2031 (USD Million)
      1. Anesthesiology
      2. Cardiology
      3. Gynecology/Obstetrics
      4. Musculoskeletal
      5. Radiology
      6. Emergency Department
      7. Critical Care
      8. Others
    4. Global Ultrasound Devices Market, By End User, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Diagnostic Centers
      3. Research Centers
      4. Others
    5. Global Ultrasound Devices Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. General Electric Company
      2. Siemens Healthineers AG
      3. Philips Healthcare
      4. Canon Medical Systems Corporation
      5. Hitachi, Ltd
      6. Samsung Medison Co., Ltd
      7. Fujifilm Holdings Corporation
      8. Mindray Medical International Limited
      9. Hologic, Inc
      10. Esaote SpA
  7. Analyst Views
  8. Future Outlook of the Market