What is the current size and annual growth rate of the ultrasound systems devices and equipment market?
The ultrasound systems devices and equipment market size has grown steadily in recent years. It will grow from $10.69 billion in 2024 to $11.12 billion in 2025 at a compound annual growth rate (CAGR) of 4.1%. The growth in the historic period can be attributed to non-invasive and radiation-free imaging, prenatal and obstetric care, cardiology and vascular applications, point-of-care and portable devices.
The ultrasound systems devices and equipment market size is expected to see steady growth in the next few years. It will grow to $12.86 billion in 2029 at a compound annual growth rate (CAGR) of 3.7%. The growth in the forecast period can be attributed to emerging markets growth, regulatory support and reimbursement, telemedicine and remote consultation, value-based healthcare. Major trends in the forecast period include artificial intelligence (ai) integration, handheld and wireless ultrasound devices, 3d/4d imaging, fusion imaging.
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Which major factors have contributed to the expansion of the ultrasound systems devices and equipment market?
Government and private funding in ultrasonic device manufacturing companies are driving the growth of the ultrasound systems device and equipment market. The investments by private firms as well government would provide adequate capital for the ultrasonic device manufacturing companies to conduct research and development and develop innovative and advanced ultrasound devices. For example, Chinese ultrasonic companies like Sonoscape, Mindray, and SIUI have benefitted from a government initiative to boost local manufacturers. Also, Private equity firm KKR decided to invest $35 million in Australia’s ultrasound device maker Signostics Ltd. Hence, this funding would not only encourage innovative devices but boost the market as well.
How is the ultrasound systems devices and equipment market segmented?
The ultrasound systems devices and equipment market covered in this report is segmented –
1) By Type: Diagnostic Ultrasound Systems, Therapeutic Ultrasound Systems
2) By End User: Hospitals, Diagnostic Imaging And Surgical Centers, Ambulatory surgical centers (ASCs), Clinics
3) By Product: A-Mode, B-Mode Or 2D Mode, C-Mode, M-Mode, Doppler Mode, Pulse Inversion Mode, Harmonic Mode
Subsegments:
1) By Diagnostic Ultrasound Systems: 2D Ultrasound Systems, 3D and 4D Ultrasound Systems, Doppler Ultrasound Systems
2) By Therapeutic Ultrasound Systems: High-Intensity Focused Ultrasound (HIFU) Systems, Extracorporeal Shockwave Lithotripsy (ESWL) Systems, Low-Intensity Pulsed Ultrasound (LIPUS) Systems
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Who are the top competitors in the ultrasound systems devices and equipment market?
Major companies operating in the ultrasound systems devices and equipment market include GE HealthCare, Siemens Healthineers, Philips Healthcare, Mindray Medical International Ltd, Fujifilm Holdings Corporation, Hitachi Ltd, Toshiba Corporation, Samsung Electronics, Canon Medical Systems, Hologic Inc., Shantou Institute of Ultrasonic Instruments Co. Ltd, Analogic Corporation, Esaote S.p.A, Carestream Health, CHISON Medical Technologies Co.Ltd., Mobisante, Fukuda Denshi Co. Ltd, Echometrix, Butterfly Network, ProDiagnose, eXo Imaging, Teenyco, Sonosite, AnaSonic Bio-Medical, SonoScape, Roop Ultrasonix Ltd., Zonare Medical Systems, B K Medical ApS, Clarius Mobile Health, ContextVision AB, Delsona Therapeutics Inc., Edan Instruments Inc., Healcerion, KPI Healthcare, Laborie Medical Technologies Corp., Promed Group Co. Ltd., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Terason
How will industry trends affect the trajectory of the ultrasound systems devices and equipment market?
The introduction of 3D/4D Ultrasound devices is the latest trend that is going to change the landscape of ultrasound devices and the equipment market. The 3D/4D technology ultrasound device provides real-time enhanced imaging of the internal anatomy/fetus, also enabling real-time volume imagining. This technology can also help in performing complex surgeries. The 3D/4D ultrasound device would also feature improved image visualization power, shorten examination time, and decrease strain injury during the surgery. For example, Toshiba’s Aplio i900 Ultrasound machine makes use of the 3D/4D technology.
How do regional factors impact the ultrasound systems devices and equipment market, and which region is the largest contributor?
Western Europe was the largest region in the global ultrasound systems devices and equipment market in 2023. North America was the second-largest region in the ultrasound systems devices and equipment market report. The regions covered in the ultrasound systems devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Ultrasound Systems Devices And Equipment Market Report 2025 Offer?
The ultrasound systems devices and equipment market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Ultrasound systems, devices, and equipment are advanced medical imaging technologies that use high-frequency sound waves to create real-time images of the internal structures of the body. It allows healthcare professionals to assess organ function, detect abnormalities, guide biopsies, and monitor the development of conditions such as tumors.
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