BRICS Ultrasound Market Outlook (2021-2031)

The BRICS ultrasound market is projected to grow significantly, reaching an estimated US$ 989.3 million by 2031, up from US$ 644.8 million in 2024. This growth represents a compound annual growth rate (CAGR) of 6.3% from 2025 to 2031. The BRICS nations, comprising Brazil, Russia, India, China, and South Africa, are emerging as key players in the medical ultrasound sector, driven by their expanding healthcare systems, increased public and private healthcare spending, and a growing middle class that demands higher standards of medical services.

China is at the forefront of the BRICS ultrasound market, benefiting from a robust manufacturing infrastructure and a proactive national strategy aimed at producing both high-end and affordable ultrasound systems. The market dynamics in these countries are characterized by a dual demand: urban areas show a strong preference for sophisticated, high-end ultrasound systems, while rural regions require affordable and durable devices. This unique market landscape fosters innovation, particularly in the development of portable, user-friendly ultrasound models that can cater to diverse healthcare needs.

Market Segmentation Analysis

The BRICS ultrasound market can be segmented based on product type, portability, application, and end user.

1. Product Type: The market is divided into diagnostic ultrasound systems and therapeutic ultrasound systems. In 2024, the diagnostic ultrasound systems segment was the dominant force in the market, reflecting the high demand for imaging capabilities in various medical fields.
2. Portability: Ultrasound devices are categorized into portable/trolley-based systems and handheld devices. The portable/trolley-based devices segment led the market in 2024, as these systems are widely used in hospitals and clinics for their versatility and ease of use.
3. Application: The ultrasound market is further segmented into various applications, including general imaging, cardiology, oncology, gynecology, orthopedics, urology, gastroenterology, and others. The general imaging segment was the largest in 2024, highlighting the broad applicability of ultrasound technology in routine diagnostics.
4. End User: The market is segmented by end users, which include hospitals, specialty clinics, diagnostic imaging centers, ambulatory surgical centers, and others. Hospitals accounted for the largest share of the market in 2024, as they are the primary settings for ultrasound diagnostics.

Market Outlook

The BRICS ultrasound market is experiencing rapid growth, driven by demographic shifts and technological advancements. The increasing geriatric population and the rising prevalence of chronic diseases are creating a demand for reliable and scalable diagnostic tools. Additionally, government investments aimed at enhancing healthcare infrastructure, particularly in remote areas, are further propelling the demand for ultrasound devices.

There is a notable trend among clinicians towards the adoption of portable and point-of-care ultrasound systems, which offer significant advantages in terms of diagnostic efficiency and applicability. The integration of artificial intelligence in image processing and workflow optimization is becoming more prevalent, especially in urban hospitals, enhancing the capabilities of ultrasound technology. With strong government backing, ultrasound is becoming an integral component of the broader transformation in imaging and diagnostics across the BRICS nations.

Country Insights

The BRICS ultrasound market can also be analyzed by country, with significant insights into Russia, Brazil, South Africa, India, China, Egypt, Indonesia, Saudi Arabia, and the UAE. China stands out as the largest market in 2024, owing to its competitive local market, advanced manufacturing capabilities, and substantial government support. National policies in China have focused on fostering a self-sufficient medical technology industry, enabling local companies to emerge as formidable competitors against international firms. These companies have successfully developed high-quality ultrasound systems that incorporate advanced features while remaining cost-effective, making them popular not only in China but also in other developing countries where affordable healthcare solutions are in high demand.

Company Profiles

Key players in the BRICS ultrasound market include GE HealthCare, Siemens Healthineers AG, FUJIFILM Holdings Corporation, Canon Inc., Koninklijke Philips N.V., Esaote SPA, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Hologic Inc., Trivitron Healthcare, and Samsung Healthcare. These companies are actively engaged in strategies such as market expansion, product innovation, and mergers and acquisitions to maintain their competitive edge and deliver innovative ultrasound solutions to consumers.

In conclusion, the BRICS ultrasound market is poised for substantial growth, driven by a combination of demographic trends, technological advancements, and strategic initiatives by key players in the industry. Show more