Ultrasound Devices Market Size 2023: Industry Analysis, Trends, Growth and Report Outlook by 2028

How Big Is the Ultrasound Devices Market?

The global Ultrasound Devices market size reached US$ 8.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach a value of US$ 14.6 Billion on by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.

Industry Overview of Ultrasound Devices Market

Ultrasound devices, also known as ultrasound machines or sonography equipment, are medical devices that generate high-frequency sound waves to visualize images of internal body structures. They comprise various key components, including a transducer, display screen, control panel, and image storage system, which allows the retention and retrieval of the acquired images for future reference. They are available as 2-dimensional (2D) and 3-dimensional (3D) ultrasound, whereas 2D scans offer flat, black-and-white images, primarily used in early pregnancy scans, while 3D scans provide a more detailed view by capturing 3D images. They allow for real-time visualization of organs and structures, enabling quick and accurate diagnoses.

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Global Ultrasound Devices Market Trends and Drivers:

At present, the increasing demand for ultrasound devices, as they are non-ionizing imaging modalities ensuring patient safety during repeated examinations, represents one of the crucial factors impelling the growth of the market. Besides this, the rising utilization of ultrasound devices in various healthcare settings, including rural and resource-limited areas, as they are portable and cost-effective, is supporting the growth of the market. In addition, the growing occurrence of polycystic ovarian syndrome (PCOD) among women due to the adoption of sedentary lifestyle habits is offering a favorable market outlook. Reducing from this, the increasing popularity of ultrasound devices, as they reduce the risk of complications and improve the precision of interventions, such as biopsies, is contributing to the growth of the market.

Report Segmentation:

The report has been segmented the market into following categories:

Breakup by Product Type:
• Diagnostic Ultrasound Systems
o 2D Imaging Systems
o 3D and 4D Imaging Systems
o Doppler Imaging
• Therapeutic Ultrasound Systems
o High-Intensity Focused Ultrasound (HIFU)
o Extracorporeal Shockwave Lithotripsy (ESWL)

Breakup by Device Display Type:
• Color Ultrasound Devices
• Black and White (B/W) Ultrasound Devices

Breakup by Device Portability:
• Trolley/Cart-Based Ultrasound Devices
• Compact/Handheld Ultrasound Devices

Breakup by Application:
• Radiology/General Imaging
• Obstetrics/Gynecology
• Cardiology
• Urology
• Vascular
• Others

Breakup by End Use:
• Hospitals
• Imaging Centers
• Research Centers

By Geography:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

List of Major Key Players:

Canon Medical Systems Corporation (Canon Inc.), CHISON Medical Technologies Co. Ltd., Esaote SpA, Fujifilm Holdings Corporation, General Electric Company, Hologic Inc., Konica Minolta Inc., Koninklijke Philips N.V., Samsung Medison Co. Ltd. (Samsung Electronics Co. Ltd.), Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Siemens Healthcare GmbH (Siemens AG) and Trivitron Healthcare.

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This release was published on openPR.