Overview and Scope
Ultrasound systems are machines used to see internal body structures based on the ultrasound application. Ultrasound systems are used in applications such as radiology/general imaging, orthopedic, cardiology, obstetrics/gynecology, vascular, urology, and other applications (breast imaging, hematology, anesthesiology, and emergency care).
Sizing and Forecast
The ultrasound systems devices and equipment market size has grown strongly in recent years. It will grow from <b>$10.96 billion in 2023 to $11.96 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%. </b> 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 strong growth in the next few years. It will grow to <b>$16.48 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%. </b> 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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Segmentation & Regional Insights
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 & 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
<b>Western Europe</b> was the largest region in the global ultrasound systems devices and equipment market in 2023. <b>North America</b> 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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the ultrasound systems devices and equipment market include <b> 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 </b>
The ultrasound systems devices and equipment market report table of contents includes:
1. Executive Summary
2. Ultrasound Systems Devices And Equipment Market Characteristics
3. Ultrasound Systems Devices And Equipment Market Trends And Strategies
4. Ultrasound Systems Devices And Equipment Market – Macro Economic Scenario
5. Global Ultrasound Systems Devices And Equipment Market Size and Growth
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26. South America Ultrasound Systems Devices And Equipment Market
27. Brazil Ultrasound Systems Devices And Equipment Market
28. Middle East Ultrasound Systems Devices And Equipment Market
29. Africa Ultrasound Systems Devices And Equipment Market
30. Ultrasound Systems Devices And Equipment Market Competitive Landscape And Company Profiles
Top Major Players:
- GE HealthCare
- Siemens Healthineers
- Philips Healthcare
- Mindray Medical International Ltd
- Fujifilm Holdings Corporation
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