Ultrasound Devices Market

Global Ultrasound Devices Market:

The global ultrasound devices market size reached USD 10.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 17.4 Billion by 2033, exhibiting a growth rate (CAGR) of 5.89% during 2025-2033. The increasing demand for non-invasive medical procedures is enhancing the adoption of imaging technology, which is stimulating the market.

Ultrasound Devices Market Analysis:

• Major Market Drivers: The growing awareness about early disease detection is positively impacting the market growth.
• Key Market Trends: The rising healthcare spending by hospitals and clinics to upgrade diagnostic equipment is acting as a growth-inducing factor.
• Competitive Landscape: Some of the major market companies include Canon Medical Systems Corporation (Canon Inc.), CHISON Medical Technologies Co. Ltd., EsaoteSpA, 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, among many others.
• Geographical Trends: North America is leading the market, owing to advanced healthcare infrastructure, high adoption of innovative technology, and the increasing demand for diagnostic imaging services.
• Challenges and Opportunities: The high cost of advanced equipment is hindering the market. However, the widespread investments in affordable, portable solutions and government healthcare subsidies will continue to strengthen the market over the forecasted period.

Ultrasound Devices Market Trends:

AI Integration Enhances Diagnostic Accuracy

The integration of AI in ultrasound devices is improving the precision and speed of diagnostics. In addition, AI algorithms assist in analyzing complex images, reducing human error, and enhancing workflow efficiency. Moreover, this technology supports clinicians in delivering faster and more accurate assessments across various medical fields. For instance, in April 2024, GE HealthCare introduced two new ultrasound systems, Voluson Signature 20 and 18, featuring AI integration and ergonomic design. These devices work on key tools like voice commands, AI-driven fetal anatomy identification, and automated pelvic floor and fibroid assessments.

Increased Demand for Portable Ultrasound Devices

Portable ultrasound devices are gaining popularity due to their convenience, mobility, and cost-effectiveness. Furthermore, these devices allow for real-time imaging in various settings, including emergency care and rural areas, thereby enabling quick diagnostics and improved patient access to medical services without the need for large-scale equipment. For instance, in March 2024, Butterfly Network launched its third generation iQ3 digital ultrasound, offering enhanced portability, real-time smartphone imaging, and nearly double the processing power of its predecessor.

Advancements in Non-Invasive Medical Imaging

Continuous improvements in ultrasound technology are enhancing non-invasive imaging capabilities. In contrast, modern ultrasound systems provide high-resolution images for accurate assessments, reducing the need for invasive procedures. Furthermore, this trend is promoting broader adoption of ultrasound devices in multiple medical disciplines, thereby ensuring safer and quicker patient evaluations. For instance, in February 2024, FUJIFILM India launched the ALOKA ARIETTA 850 endoscopic ultrasound system, installed at Fortis Hospital, Bengaluru, India. This advanced system excels in image quality and diagnostics, enhancing cancer detection, therapeutic procedures, and non-invasive treatments for gastrointestinal conditions, thereby revolutionizing healthcare in India.

Global Ultrasound Devices Industry Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with the ultrasound devices market forecast at the global, regional, and country levels for 2025-2033. Our report has categorized the market based on product type, device display type, device portability, application, and end use.

Breakup by Product Type:

• Diagnostic Ultrasound Systems
  • 2D Imaging Systems
  • 3D and 4D Imaging Systems
  • Doppler Imaging
• Therapeutic Ultrasound Systems
  • High-Intensity Focused Ultrasound (HIFU)
  • Extracorporeal Shockwave Lithotripsy (ESWL)
     

Diagnostic ultrasound systems currently hold the largest ultrasound devices market demand

The report has provided a detailed breakup and analysis of the market based on the product type. This includes diagnostic ultrasound systems (2D imaging systems, 3D and 4D imaging systems, and doppler imaging) and therapeutic ultrasound systems High-Intensity Focused Ultrasound (HIFU) and extracorporeal shockwave lithotripsy (ESWL)). According to the report, diagnostic ultrasound systems represented the largest market segmentation.

Diagnostic ultrasound systems, particularly handheld and portable devices, are advancing rapidly. For instance, Philips recently launched the Lumify portable ultrasound system, enhancing accessibility and ease for healthcare professionals in various settings.

Breakup by Device Display Type:

• Color Ultrasound Devices
• Black and White (B/W) Ultrasound Devices
   

Color ultrasound devices currently hold the largest ultrasound devices market statistics

The report has provided a detailed breakup and analysis of the market based on the device display type. This includes color ultrasound devices and black and white (b/w) ultrasound devices. According to the report, color ultrasound devices represented the largest market segmentation.

Color ultrasound devices, a type of ultrasound with advanced display, provide detailed imaging using doppler technology. For example, Canon launched the Aplio i-series, offering enhanced diagnostic capabilities through superior color flow visualization in medical applications. 

Breakup by Device Portability:

• Trolley/Cart-Based Ultrasound Devices
• Compact/Handheld Ultrasound Devices
   

Trolley/cart-based ultrasound devices currently hold the largest ultrasound devices market value

The report has provided a detailed breakup and analysis of the market based on the device portability. This includes trolley/cart-based ultrasound devices and compact/handheld ultrasound devices. According to the report, trolley/cart-based ultrasound devices represented the largest market segmentation.

Trolley/cart-based ultrasound devices provide enhanced imaging capabilities while ensuring mobility within medical settings. For example, GE Healthcare's Voluson SWIFT is offering advanced imaging and portability, thereby making it suitable for various clinical environments requiring high performance.

Breakup by Application:

• Radiology/General Imaging
• Obstetrics/Gynecology
• Cardiology
• Urology
• Vascular
• Others
   

Radiology/general imaging currently holds the largest ultrasound devices market revenue

The report has provided a detailed breakup and analysis of the market based on the application. This includes radiology/general imaging, obstetrics/gynecology, cardiology, urology, vascular, and others. According to the report, radiology/general imaging represented the largest market segmentation.

Ultrasound devices in radiology provide non-invasive imaging for diagnostic purposes, including organ and soft tissue assessments. For instance, GE Healthcare's Vscan Air offers handheld, wireless ultrasound for point-of-care applications, thereby enhancing mobility and diagnostic efficiency.

Breakup by End Use:

• Hospitals
• Imaging Centers
• Research Centers
   

Hospitals currently holds the largest ultrasound devices market outlook

The report has provided a detailed breakup and analysis of the market based on the end use. This includes hospitals, imaging centers, and research centers. According to the report, hospitals represented the largest market segmentation.

Hospitals are major users of ultrasound devices, utilizing them for diagnostic imaging and patient monitoring. For example, GE Healthcare recently launched its LOGIQ E10 system, which is enhancing hospitals' capabilities in real-time imaging and patient care.

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

North America currently dominates the market

The market research report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico and others), and the Middle East and Africa. According to the report, North America accounted for the largest market share.

According to the ultrasound devices market overview, North America exhibits clear dominance in the market due to advanced healthcare infrastructure and strong R&D activities. For instance, GE Healthcare launched its Voluson SWIFT, a high-performance ultrasound system focused on women’s health. Such innovations, coupled with increased demand for imaging solutions, continue to bolster the region’s leadership in the market. Furthermore, the high adoption of innovative technologies, and a strong presence of key industry players, driving consistent market growth in the region.

Competitive Landscape:

The ultrasound devices market research report has provided a comprehensive analysis of the competitive landscape. Detailed profiles of all major market companies have also been provided. Some of the key players in the market include:

• 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)
• Trivitron Healthcare
   

(Please note that this is only a partial list of the key players, and the complete list is provided in the report.)

Ultrasound Devices Market Recent Developments:

• September 2024: Samsung Medison unveiled the HERA Z20, a premium OB/GYN ultrasound system, at the ISUOG World Congress, which features advanced AI-assisted diagnostics, enhanced image quality, and eco-friendly design.
• September 2024: Exo launched SweepAI, an FDA-cleared AI-powered cardiac and lung scanning application for its Iris handheld ultrasound system. It provides real-time diagnostic feedback without internet reliance, improving accuracy and ease in detecting heart failure, stroke volume, and left ventricular hypertrophy.
• February 2024: FUJIFILM India launched the ALOKA ARIETTA 850 endoscopic ultrasound devices, installed at Fortis Hospital, Bengaluru, which offers image quality and diagnostics, enhancing cancer detection, therapeutic procedures, and non-invasive treatments for gastrointestinal conditions.

Ultrasound Devices Market Report Scope:

Key Benefits for Stakeholders:

• IMARC's industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the ultrasound devices market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the global ultrasound devices market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assists stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the ultrasound devices industry and its attractiveness.
• The competitive landscape allows stakeholders to understand their competitive environment and provides insight into the current positions of key players in the market.