Ultrasound Devices Market Size, Share, Trends, Growth and Forecast 2028

Ultrasound Devices Market Size And Industry Analysis

The global Ultrasound Devices Market accrued earnings worth approximately 6.01 (USD Billion) in 2021 and is predicted to gain revenue of about 13.75 (USD Billion) by 2028, is set to record a CAGR of nearly 4.9% over the period from 2022 to 2028. The study provides assessment and analysis of the Ultrasound Devices Market on a global & regional level. It offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2021 along with a forecast from 2022 to 2028 based on revenue (USD Billion).

Request Free Sample

Ultrasound Device Market: Outlook

Ultrasound has enhanced its reach from diagnostic realm towards alternative modes of treatment for uterine, cardiac soft tissues, and breasts. In addition to this, ultrasound equipment provides non-invasive diagnostic pictures for decades. Currently, tiny and portable healthcare ultrasound equipment has been produced. Furthermore, in recent year’s miniature-sized ultrasound devices are manufactured and they can be carried by physicians in their pockets. This hand-held equipment is cost-efficient in comparison to other high- end ultrasound medical systems, thereby prompting business growth. Large-scale utility of pocket-sized ultrasound devices in diagnosing shoulder pathology will provide impetus to expansion of ultrasound device industry.

Request Free Sample

Ultrasound Device Market: Growth Dynamics

Expansion of ultrasound device industry over forecasting timeline is owing to its easy availability and portable nature. For instance, hand-held ultrasound equipment with new features is easily available across globe. Moreover, few of hand-held ultrasound devices possess transducer and screen connected as a unit, while others have transducer connected with smartphones or tablets. Additionally, some of them are wirelessly connected. Furthermore, hand-held ultrasound equipment is successfully tested for myriad medical applications including emergency care and ward-based supplements. This, in turn, will create new growth opportunities for ultrasound device industry.

In addition to this, surging government investment in research activities for ultrasound imaging and rise in healthcare service providers will enlarge scope of ultrasound devices market. Furthermore, surging incidences of chronic ailments can provide impetus to expansion of ultrasound devices industry. Incidences of cancer have translated into humungous demand for diagnostics, thereby resulting into sizable expansion of ultrasound devices industry in ensuing years. New product launches will favorably leverage ultrasound devices market earnings. For instance, in September 2020, Philips Healthcare launched latest version of cardiovascular ultrasound services referred as Affiniti CVx that assist physician in offering effective patient care services.

Report Scope:

Ultrasound Device Market: Regional Landscape

North America To Lead Regional Market Space In 2022-2028

Expansion of ultrasound devices industry in North America in next six years can be credited to presence of giant players in sub-continent. In addition to this, rise in cancer incidences in U.S. and Canada will promulgate scope of ultrasound devices market in North America. Apart from this, huge rate of acceptance of new technologies in region will boost demand for ultrasound equipment. For instance, in October 2020, St. Luke University Health Network joined hands with GE Healthcare for deploying 76 ultrasound tools for developing AI-driven technology. Reportedly, this is GE’s highest single order ultrasound purchase made in the country.

Ultrasound Device Market: Competitive Landscape

Key participants profiled in report and lucratively impacting business landscape include-

• Analogic Corporation
• Philips Healthcare
• GE Healthcare
• Siemens Healthineers AG
• Hitachi Medical Corporation
• Esaote SpA
• Toshiba Corporation
• Samsung Medison Co.
• Mindray Medical International Limited
• and Fujifilm Holdings Corporation.

The global Ultrasound Devices Market is segmented as follows:

By Product

• Diagnostic
• Therapeutic

By Portability

• Handheld
• Cart/Trolley

By End-Use

• Hospitals
• Imaging Centers
• Research Centers

By Application

• Cardiology
• Obstetrics
• Orthopedics
• Vascular
• General Imaging

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa