Rising Awareness Associated with Early Disease Diagnosis Drives the Global Ultrasound Devices Market

Ultrasound devices are sophisticated medical imaging tools used for non-invasive visualization of the internal components of the human body. They are also known as ultrasound machines or sonography equipment. These devices use high-frequency sound waves that are normally above the human hearing range to provide real-time, detailed images of organs, tissues, and blood flow. Ultrasound equipment creates images by emitted sound waves and measuring the echoes as they return, which gives medical practitioners crucial diagnostic data. In several medical specialties, such as obstetrics and gynecology, cardiology, radiology, and others, ultrasound equipment is widely used to evaluate and monitor diseases, direct surgical treatments, and track foetal development during pregnancy.

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Data Bridge Market Research analyzes that the Global Ultrasound Devices Market is expected to grow at a CAGR of 6.6% in the forecast period of 2023 to 2030 and is expected to reach USD 20,032,835.85 thousands by 2030. The diagnostic ultrasound devices segment is projected to propel the market growth as they are widely used and prescribed for the first line treatment approach.

Key Findings of the Study

Technological advancements in ultrasound imaging systems

Technological advancements are pivotal drivers propelling the global ultrasound devices market. With continuous innovation and breakthroughs in ultrasound technology, the market is experiencing a transformative shift. Advanced features such as 3D/4D imaging, enhanced portability, AI integration, and elastography are revolutionizing diagnostic capabilities and significantly improving patient care. These technological upgrades not only enhance the accuracy and efficiency of diagnostic procedures but also contribute to better treatment planning.

The evolving landscape of ultrasound technology is expanding its applications across various medical specialties beyond traditional domains, including musculoskeletal imaging, urology, and gastroenterology among others. This widening scope amplifies the market potential, as ultrasound becomes an indispensable diagnostic tool in a broader array of medical scenarios. The versatility of ultrasound devices allows healthcare professionals to cater to a more extensive patient base and address a wide range of medical conditions.

Report Scope and Market Segmentation

Segment Analysis

The global ultrasound devices market is segmented into eleven notable segments based on type, scan type, imaging modes, screen types, connectivity, functionality, probe frequency, device portability, application, end user, and distribution channel.

• On the basis of type, the market is segmented into diagnostic ultrasound devices and therapeutic ultrasound devices.

In 2023, the diagnostic ultrasound devices segment of the type segment is expected to dominate the global ultrasound devices market

In 2023, the diagnostic ultrasound devices segment is expected to dominate the market with the market share of 81.44% due to the rising prevalence of diseases.

• On the basis of scan type, the market is segmented into A-scan, B-scan, combined scan, pachymeter, ultrasound bio-microscopy (UBM), and others.

In 2023, the B-scan segment of the scan type segment is expected to dominate the global ultrasound devices market

In 2023, the B-scan segment is expected to dominate the market with a market share of 31.78% due to the rising approvals of the products and accessories in the market.

• On the basis of imaging modes, the market is segmented into black and white (B/W) and color doppler. In 2023, the color doppler segment is expected to dominate the market with a market share of 69.38%.
• On the basis of screen types, the market is segmented into full HD, LCD, and others. In 2023, the LCD segment is expected to dominate the market with a market share of 60.64%.
• On the basis of connectivity, the market is segmented into USB, bluetooth, ethernet, dual-band wifi, and others. In 2023, the USB segment is expected to dominate the market with a market share of 33.12%.
• On the basis of functionality, the market is segmented into touchscreen and analogue. In 2023, the touchscreen segment is expected to dominate the market with a market share of 70.83%.
• On the basis of probe frequency, the market is segmented into 8MHZ, 10 MHZ, 12 MHZ, 15 MHZ, 20 MHZ, 50 MHZ, and others. In 2023, the 8MHZ segment is expected to dominate the market with a market share of 29.57%.
• On the basis of device portability, the market is segmented into trolley/cart based and compact/ handheld. In 2023, the trolley/cart based segment is expected to dominate the market with a market share of 87.41%.
• On the basis of application, the market is segmented into radiology/general imaging, women’s health, gastrointestinal (GI), cardiovascular, urology, orthopedic and musculoskeletal, pain management, and others. In 2023, the radiology/general imaging segment is expected to dominate the market with a market share of 27.71%.
• On the basis of end user, the market is segmented hospitals, ambulatory surgical centers, diagnostic centers, maternity centers, research and cademic institutions, surgical centers, and others. In 2023, the hospitals segment is expected to dominate the market with a market share of 43.93%.
• On the basis of distribution channel, the market is segmented into direct tenders, retail tender, and third party distribution. In 2023, the direct tenders segment is expected to dominate the market with a market share of 51.93%.

Major Players

Data Bridge Market Research analyzes GE HealthCare (U.S.), Koninklijke Philips N.V. (Netherlands), Hitachi Healthcare Americas (U.S.), FUJIFILM Holdings Corporation (Japan) and Seimens Healthineers AG (Germany) as the major players in the global ultrasound devices market.

Market Developments

• In July 2023, Canon Medical Systems Corporation announced the launch of the Aplio flex and Aplio go, the most recent premium small ultrasound equipment. The new products provide exceptional maneuverability and clinical usability in a contemporary, elegant form. A new set of lightweight transducers with excellent usability and ergonomic design allows the user to operate comfortably and productively. Both items are appropriate for both stationary daily use and mobile use.
• In June 2023, Koninklijke Philips N.V. displayed their Ultrasound Compact 5500CV during the 2023 American Society of Echocardiography Event (ASE 2023, June 23–26, National Harbour, Maryland, U.S.). The next-generation system offers a single point of access to images and information, anytime, anywhere, to help improve clinical confidence and efficiency in diagnosing and treating cardiac disease. It brings the same exceptional image quality and echocardiography workflows in cart-based systems to a portable compact unit.
• In May 2023, CHISON Medical Technology Co., Ltd and Philips signed a cooperation agreement. The two parties are committed to offering domestic ultrasound equipment to Chinese customers for a wider range of care settings while focusing on local clinical needs. This will aid medical professionals in improving clinical diagnosis efficiency and work experience and support the high-quality growth of China's precision diagnosis and treatment.
• In January 2023, Esaote SPA launched its new premium ultrasound equipment, MyLabX90. The proprietary dual-layer eLed monitor by Barco and the revival of the XCrystal probe family are the starting points for the quality components that make up MyLabX90. These guarantee exceptional on-screen image display with a far higher contrast resolution than other product lines.
• In November 2022, Koninklijke Philips N.V. announced the global release of a next-generation tiny portable ultrasound system during the annual meeting of the Radiological Society of North America (RSNA). The new Compact 5000 Series from Philips seeks to make high-end cart-based ultrasound devices' diagnostic capabilities accessible to more people. The Compact 5000 series makes it easier for more patients to have their ultrasound exams done correctly the first time around because of its portability and versatility without sacrificing image quality or performance.

Regional Analysis

Geographically, the countries covered in the global ultrasound devices market report are the U.S., Mexico and Canada, Germany, France, U.K., Italy, Spain, Netherlands, Switzerland, Turkey, Russia, Austria, Poland, Hungary, Ireland, Norway, Lithuania, Rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Brazil, Argentina, Peru, Rest of South America, South Africa, Saudi Arabi, U.A.E., Egypt, Israel, Kuwait, and the Rest of the Middle East and Africa

As per Data Bridge Market Research analysis:

North America is the dominating region in the global ultrasound devices market

North America is expected to dominate the market owing to the higher level of investments by U.S. manufacturers and the increasing advancement in the treatment options in the U.S. North America will continue to dominate the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the growing adoption of advanced technology in this region.

Asia-Pacific is estimated to be the fastest growing region in the global ultrasound devices market during the forecast period of 2023 to 2030.

Asia-Pacific is expected to grow during the forecast period due to the rapid development of medical facilities in emerging economies in this region. In addition to this, the rising level of healthcare expenditure and increasing per-capita income are expected to propel the market growth in this region.

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