Global Ultrasound Equipment Market

Ultrasound Equipment Market Size, Share, Growth Analysis, By Product (Compact, Table-top), By Application (Radiology, Cardiology), By End User (Hospitals, Clinics), By Region -Industry Forecast 2024-2031.

Report ID: SQMIG35A2969 | Region: Global | Published Date: November, 2024
Pages: 196 | Tables: 87 | Figures: 71

Ultrasound Equipment Market News

  • In June 2022, ImaCor Inc. Hemodynamic ultrasound company, and Clarius Mobile Health announced their partnership on developing a handheld transesophageal echocardiography (TEE) system designed to guide and control the care of the most seriously ill patients in an ICU.
  • In February 2022, Koninklijke Philips N.V. rolled out Lumify, a portable point-of-care ultrasound device to broadened offerings and provide superior hemodynamic evaluation and measuring capabilities.
  • In September 2021, Samsung released Versatile 8, an ultrahigh-end ultrasound system to improve picture quality, simplicity, and utility for medical professionals worldwide. It is ready for use in virtually every busy hospital.
$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Ultrasound Equipment Market size was valued at USD 8.90 billion in 2022 and is poised to grow from USD 9.56 billion in 2023 to USD 16.92 billion by 2031, growing at a CAGR of 7.40% during the forecast period (2024-2031).

Global ultrasound equipment market remains highly competitive, with major players such as GE Healthcare, Philips Healthcare, Siemens Healthineers, Canon Medical Systems, and Fujifilm Holdings. They have sustained their market dominance with strategic alliances, global expansion, and investments in R&D. They zero in on competitive pricing and digitization while bringing unique offerings to the marketplace. Upstarts such as Mindray and Samsung Medison are threats to established businesses as their creative products, low prices, and planned market penetration threaten the existence of long-established firms. 'GE Healthcare  ', 'FUJIFILM SonoSite, Inc.  ', 'Esaote  ', 'Siemens Healthineers AG  ', 'Canon Medical Systems  ', 'Konica Minolta Inc.  ', 'Mindray Medical International Limited  ', 'Samsung Medison Co., Ltd.  ', 'KoninKlijke Philips N.V.  ', 'Hitachi  ', 'Carestream Health  ', 'Hologic Inc.  ', 'Mindray  ', 'Bard Access Systems  ', 'ZONARE Medical Systems  ', 'Neusoft Medical Systems  ', 'Sonoscape  ', 'B. Braun Melsungen AG  ', 'Stryker Corporation  ', 'DRE Medical '

Ultrasound technology is very much in demand because chronic diseases such as cancer, heart disease, and obesity are on an increasing trend. Ultrasound technology plays a crucial role in the diagnosis and monitoring of these diseases since it can identify abnormalities and check the response of treatment. The rising aging populations and chronic diseases issues are much accelerated with a demand for more precise and non-invasive diagnostic technologies. With the emphasis on early detection and prevention in healthcare systems, ultrasound equipment is looking to be a driving factor for the expansion of the market. However, according to the United Nations Organization, the World Health Organization (WHO) projects the incidence of chronic conditions to rise, therefore, ultrasound technology being inevitable.

Rise in Handheld Ultrasound Devices: Portable ultrasound machines enjoy popularity for their portability, affordability, and recent technological improvements. Portability as an attribute allows for point-of-care diagnostics with portable ultrasound devices that enable decision-making in an efficient, expedient manner in a range of contexts-from the outpatient clinic to the ER or more distal sites. Improvements in the mobility and performance of the devices are enhanced through advancements in battery technology and downsizing, making them suitable for a range of medical uses. Another factor is emerging to support the advent of telemedicine, which supports portable ultrasonography that can provide remote consultations and diagnostics and, consequently, improve access to quality health services in disadvantaged regions.

North America leads the way in the market with over 29.75% of revenue share in 2023. It is expected to grow highly from 2024-2031 because of several competitors within this region, and a fast-rising growth of cancer cases in this region. Increasing healthcare costs, improving diagnosis awareness, as well as encouraging reimbursement policies are factors promoting regional market growth. Consequently, the market is highly driven by the US, which has an advanced healthcare system and rapidly adopts emerging technologies. Moreover, government initiatives such as the National Cancer Moonshot project further support regional markets. Until spending on healthcare increases, North America is predicted to dominate the industry.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

Click here right-arrow
logo-images

Feedback From Our Clients

Global Ultrasound Equipment Market

Report ID: SQMIG35A2969

$5,300
BUY NOW GET FREE SAMPLE