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 2024-2031

Diagnostic Ultrasound Market size was valued at USD 7.9 billion in 2019 and is poised to grow from USD 8.26 billion in 2023 to USD 12.27 billion by 2031, growing at a CAGR of 4.5% in the forecast period (2024-2031).

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. '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.'

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.

Minimally invasive treatments and picture directed methods are progressively being taken on by medical service experts and patients across the world.

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.