USD 7.9 billion
Diagnostic Ultrasound Market Size, Share, Growth Analysis, By Technology(2D, 3D, 4D, Doppler), By Mobility(Trolley, Compact/Handheld), By Application(General Imaging, Cardiology, Obstetrics/Gynecology), By End-use(Hospitals, Maternity Centers, Others), By Region - Industry Forecast 2025-2032
Report ID:
SQSG35A2067 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
117
|Figures:
77
Diagnostic Ultrasound Market Insights
Diagnostic Ultrasound Market size was valued at USD 8.26 Billion in 2023 and is poised to grow from USD 8.63 Billion in 2024 to USD 12.82 Billion by 2032, growing at a CAGR of 4.5% during the forecast period (2025-2032).
Diagnostic ultrasound, also known as sonography or diagnostic clinical sonography, is an imaging strategy that utilizes sound waves to deliver pictures of construction inside the body. The pictures can give important data for diagnosing and coordinating treatment for different sicknesses and conditions. The developing predominance of constant sicknesses and expanding rate of birth are key factors to work with the market development. Furthermore, profound developments and technological progressions in diagnostic ultrasound gadgets are impelling the market advancement.
Continuous technological progressions in the field of diagnostic and remedial ultrasound imaging, accessibility of clinical repayments for diagnostic ultrasound methods in mature business sectors, and the developing uses of arising ultrasound procedures (like Doppler ultrasound in vascular imaging and 3D/4D ultrasound in oncology) are driving the development of ultrasound market.
US Diagnostic Ultrasound Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
3D and 4D
Fastest Growth
3D and 4D
Growth Rate
4.5% CAGR
Global Diagnostic Ultrasound Market 2022-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Diagnostic Ultrasound Market Segmental Analysis
The Global Diagnostic Ultrasound Market is segmented based on technology, mobility, application, end-use and region. Based on Technology Diagnostic Ultrasound Market is categorized into 2D, 3D and 4D and Doppler. The Mobility segment is bifurcated into Trolley and Compact/Handheld. By Application, the Diagnostic Ultrasound Market study is segmented into General Imaging, Cardiology and Obstetrics/Gynecology. Based on End-use Diagnostic Ultrasound Market is categorized into Hospitals, Maternity Centers and Others. Based on the region it is categorized into North America, Europe, Asia-Pacific, South America, and MEA.
Diagnostic Ultrasound Market Analysis by Technology
Doppler section caught a significant market share in 2021 driven by its expanded interest in diagnosing ongoing cardiovascular conditions. The doppler echocardiogram helps in screening the irregularities in the heart valves proficiently. In addition, doppler ultrasound is utilized in high-risk pregnancies. Attributable to a stationary way of life, most pregnant ladies experience the ill effects of hypertension, heftiness, epilepsy, diabetes, and thyroid illness. These elements lead to difficulties in pregnancy. Doppler ultrasound is utilized in such cases to distinguish the development of blood in vessels and study blood dissemination in the uterus, child, and placenta to stay away from any difficulties during birth. Expanding utilizations of doppler ultrasound and its developing use will advance the portion development.
Diagnostic Ultrasound Market Analysis by Mobility
The compact/handheld systems is predicted to hold the biggest market size during the estimated time frame. Expanding product usage due to the comfort and compactness being used for disabled and seriously sick patients. Additionally, portability surges gadget’s ease of use in different medical settings such as remote healthcare facilities, hospitals, and private care centers. Furthermore, handheld units aid doctors in prompt patient assessment and begin screening. Prolonged use by office-based doctors in different clinical strengths, like urology, and gastroenterology has encouraged exorbitant interest for handheld ultrasound devices, therefore cultivating the business development.
Diagnostic Ultrasound Market Analysis by Application
Application in cardiology is likely to hold a bigger market share during the projected time frame. Growing use of diagnostic ultrasound in cardiovascular illness analysis. The weight of heart illnesses is expanding in created as well as creating areas. Diagnostic ultrasound gadgets, alongside other diagnostic devices assume a urgent part in the ideal determination of blood vessel blockages and other cardiovascular issues. Additionally, the harmless idea of the heart ultrasound technique with no realized incidental effects is the greatest benefit that expands its interest.
Diagnostic Ultrasound Market Analysis by End-use
The hospital segment dominated with more than 50% of the market share in 2021 affected by the rising interest for negligibly obtrusive techniques and high interest in cutting edge clinical gadgets and medical care foundation. The rising number of hospitals will produce demand for cutting edge clinical gadgets including diagnostic ultrasound devices, subsequently prodding the industry size. The huge portion of this segment can be credited to aspects, such as, a critical number of ultrasound-based operations acted in clinics, coupled with the developing number of healthcare facilities across significant business sectors, and rising acceptance of minimally invasive diagnostic and surgical procedures in these mrdical facilities.
Global Diagnostic Ultrasound Market By Technology, 2021 (%)
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Diagnostic Ultrasound Market Regional Insights
Europe is projected to posses the maximum share of the ultrasound market in 2021. Factors such as countless continuous clinical exploration projects in the field of ultrasound, developments in the clinical uses of centered ultrasound and the early commercialization of these gadgets in the region, and the huge medical care consumption across mature European nations such as France, Germany, the UK, Spain and Italy are driving the expansion of the ultrasound market in Europe.
North America diagnostic ultrasound market represented the second largest revenue share in 2021 attributable to the rising presence of continual illnesses in the region. Furthermore, the innovative progressions filled by private funding and government, and the presence of reputable key players such as Siemens, GE Healthcare and Philips are equipped to impel the market demand.
Global Diagnostic Ultrasound Market By Geography, 2022 - 2028
- Largest
- Fastest
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Diagnostic Ultrasound Market Dynamics
Diagnostic Ultrasound Market Driver
- The high and expanding rate of target sicknesses and conditions will support the reception of successful diagnostic and therapeutic techniques. The weight of ongoing and lifestyle sicknesses has expanded in the coming years.
- Increasing rate of birth is one of the key point that are driving the market development. For instance, the worldwide populace is expected to augment till 9.7 billion by 2050. This addresses a 24% expansion compared with the total population in 2021. Moreover, India to see a exponential increase in its population size than some other country in the range of 2021 and 2050. The increasing rate of birth will spur the demand for gynecological and obstetric services.
- The rising number of pregnancies will produce interest for diagnostic ultrasound systems, as it is one of the best and effective imaging innovation utilized in pregnancy to diagnose the wellbeing and improvement of the child and screening irregularities in the fetus. Also, doctors incline toward ultrasound over other imaging procedures as it doesn't utilize ionizing radiation and has no side-effects.
Diagnostic Ultrasound Market Restraint
- Unfavorable medical reforms in the US might restrict the reception of ultrasound devices, as various medical care facilities rely upon government funding for obtaining superior quality and highly expensive devices.
- The excessive costs of novel ultrasound advancements such as focused ultrasound and monetary limitation viewed by small medical equipment suppliers.
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Diagnostic Ultrasound Market Competitive Landscape
The Diagnostic Ultrasound Market is competitive, with the existence of several number of major firms operating in both domestic and international markets. The industry's top players are embracing strategic collaboration initiatives to improve market share and profitability. Some of the major players in the market are Siemens Healthineers AG, GE Healthcare, FUJIFILM Holdings Corporation, Koninklijke Philips N.V., Canon Medical Systems Corporation, Samsung Electronics Co. Ltd., Mindray Medical International Limited, Konica Minolta Inc., ESAOTE SPA, and Hologic, Inc., among others who are driving the market.
Diagnostic Ultrasound Market Top Player’s Company Profiles
- GE Healthcare
- Koninklijke Philips N.V.
- Siemens Healthineers AG
- Canon Medical Systems Corporation
- Fujifilm Holdings Corporation
- Hitachi, Ltd.
- Samsung Electronics Co., Ltd.
- Esaote SpA
- Mindray Medical International Limited
- Analogic Corporation
- Terason Corporation
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- Shantou Institute of Ultrasonic Instruments Co., Ltd.
- SIUI (Shantou International Ultrasonic Co., Ltd.)
- Carestream Health, Inc.
- SonoScape Medical Corp.
- Zonare Medical Systems, Inc.
- Chison Medical Technologies Co., Ltd.
- Sonosite, Inc.
- Medison Co., Ltd.
Diagnostic Ultrasound Market Recent Developments
- In March 2021, GE Healthcare introduced Vscan Air, a wireless pocket-sized ultrasound that gives crystal clear image quality, whole-body scanning capability, and intuitive software, all in the operator’s hand.
Diagnostic Ultrasound Key Market Trends
- Minimally invasive treatments and picture directed methods are progressively being taken on by medical service experts and patients across the world.
- The ultrasound business has seen a huge shift from being an traditional diagnostic modality for OB/GYN imaging to a therapeutic procedure for malignant growths, renal stones, and other severe medical conditions.
Diagnostic Ultrasound Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, the rising number of pregnancies will produce interest for diagnostic ultrasound systems, as it is one of the best and effective imaging innovation utilized in prenatal periods. However, the excessive costs of novel ultrasound devices and monetary limitations may hamper the market growth in near future.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 7.9 billion |
| Market size value in 2031 | USD 12.27 billion |
| Growth Rate | 4.5% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Diagnostic Ultrasound Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Diagnostic Ultrasound Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Diagnostic Ultrasound Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Diagnostic Ultrasound Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Diagnostic Ultrasound Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Diagnostic Ultrasound Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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