
Global & Singapore Ultrasound Market to 2031
Description
The expansion of the ultrasound market in Singapore is significantly driven by an aging population, a high incidence of chronic diseases, and the government's commitment to enhancing healthcare technologies. As a prominent medical hub in the region, Singapore's healthcare sector is poised for growth. The increasing number of elderly citizens is a key factor influencing the demand for ultrasound services. With age, individuals typically require more diagnostic evaluations and health monitoring, leading to a surge in ultrasound examinations.
According to a report from the National Population and Talent Division in 2024, the percentage of citizens aged 65 and older rose from 12.4% in 2014 to 19.9% in 2024. Projections indicate that by 2030, approximately one in four citizens will fall into this age group, further escalating the need for medical services. In response, the government is making substantial investments to enhance healthcare infrastructure and capacity. This includes the construction of new hospitals and the modernization of existing facilities, necessitating the acquisition of advanced medical equipment.
For example, the Ministry of Health announced in March 2025 that Singapore has increased its healthcare capacity by over 6,300 beds since 2020, with plans to add another 13,600 beds by 2030, including the progressive opening of new facilities like the Eastern General Hospital Campus. In summary, the growth of the ultrasound market in Singapore is a result of demographic changes and proactive government initiatives aimed at modernizing healthcare to cater to the needs of an aging population.
According to a report from the National Population and Talent Division in 2024, the percentage of citizens aged 65 and older rose from 12.4% in 2014 to 19.9% in 2024. Projections indicate that by 2030, approximately one in four citizens will fall into this age group, further escalating the need for medical services. In response, the government is making substantial investments to enhance healthcare infrastructure and capacity. This includes the construction of new hospitals and the modernization of existing facilities, necessitating the acquisition of advanced medical equipment.
For example, the Ministry of Health announced in March 2025 that Singapore has increased its healthcare capacity by over 6,300 beds since 2020, with plans to add another 13,600 beds by 2030, including the progressive opening of new facilities like the Eastern General Hospital Campus. In summary, the growth of the ultrasound market in Singapore is a result of demographic changes and proactive government initiatives aimed at modernizing healthcare to cater to the needs of an aging population.
Table of Contents
109 Pages
- 1. Introduction
- 1.1 Report Guidance
- 1.2 Market Segmentation
- 2. Executive Summary
- 2.1 Key Insights
- 3. Research Methodology
- 3.1 Secondary Research
- 3.2 Primary Research
- 3.2.1 Data Triangulation and Validation:
- 4. Singapore Ultrasound Market Landscape
- 4.1 Overview
- 4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain
- 5. Ultrasound Market Key Market Dynamics
- 5.1 Ultrasound Market – Key Market Dynamics
- 5.2 Market Drivers
- 5.3 Market Restraints
- 5.4 Market Opportunities
- 5.5 Future Trends
- 5.6 Impact of Drivers and Restraints
- 6. Singapore Ultrasound Market – Analysis
- 6.1 Singapore Ultrasound Market Revenue (US$ Million), 2021–2031
- 6.2 Singapore Ultrasound Market Revenue and Forecast Analysis
- 7. Singapore Ultrasound Market Analysis – by Product Type
- 7.1 Singapore Ultrasound Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Product Type
- 8. Singapore Ultrasound Market Analysis – by Portability
- 8.1 Singapore Ultrasound Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Portability
- 9. Singapore Ultrasound Market Analysis – by Application
- 9.1 Singapore Ultrasound Market – Revenue and Forecast, 2021–2031 (US$ Million) – by Application
- 10. Singapore Ultrasound Market Analysis – by End User
- 10.1 Singapore Ultrasound Market – Revenue and Forecast, 2021–2031 (US$ Million) – by End User
- 11. Competitive Landscape
- 11.1 Heat Map Analysis by Key Players
- 11.1 Company Positioning and Concentration
- 12. Industry Landscape
- 12.1 Overview
- 12.2 Market Initiative
- 12.2 Partnerships and Collaborations
- 12.2 Other Developments
- 13. Company Profiles
- 13.1 GE HealthCare Technologies Inc
- 13.1. 1 Key Facts
- 13.1. 2 Business Description
- 13.1. 3 Products and Services
- 13.1. 4 Financial Overview
- 13.1. 5 SWOT Analysis
- 13.1. 6 Key Developments
- 13.2 Siemens Healthineers AG
- 13.2. 1 Key Facts
- 13.2. 2 Business Description
- 13.2. 3 Products and Services
- 13.2. 4 Financial Overview
- 13.2. 5 SWOT Analysis
- 13.2. 6 Key Developments
- 13.3 FUJIFILM Holdings Corp
- 13.3. 1 Key Facts
- 13.3. 2 Business Description
- 13.3. 3 Products and Services
- 13.3. 4 Financial Overview
- 13.3. 5 SWOT Analysis
- 13.3. 6 Key Developments
- 13.4 Canon Inc
- 13.4. 1 Key Facts
- 13.4. 2 Business Description
- 13.4. 3 Products and Services
- 13.4. 4 Financial Overview
- 13.4. 5 SWOT Analysis
- 13.4. 6 Key Developments
- 13.5 Koninklijke Philips NV
- 13.5. 1 Key Facts
- 13.5. 2 Business Description
- 13.5. 3 Products and Services
- 13.5. 4 Financial Overview
- 13.5. 5 SWOT Analysis
- 13.5. 6 Key Developments
- 13.6 ESAOTE SPA
- 13.6. 1 Key Facts
- 13.6. 2 Business Description
- 13.6. 3 Products and Services
- 13.6. 4 Financial Overview
- 13.6. 5 SWOT Analysis
- 13.6. 6 Key Developments
- 13.7 Shenzhen Mindray Bio-Medical Electronics Co Ltd
- 13.7. 1 Key Facts
- 13.7. 2 Business Description
- 13.7. 3 Products and Services
- 13.7. 4 Financial Overview
- 13.7. 5 SWOT Analysis
- 13.7. 6 Key Developments
- 13.8 Hologic Inc
- 13.8. 1 Key Facts
- 13.8. 2 Business Description
- 13.8. 3 Products and Services
- 13.8. 4 Financial Overview
- 13.8. 5 SWOT Analysis
- 13.8. 6 Key Developments
- 13.9 Trivitron Healthcare Pvt Ltd
- 13.9. 1 Key Facts
- 13.9. 2 Business Description
- 13.9. 3 Products and Services
- 13.9. 4 Financial Overview
- 13.9. 5 SWOT Analysis
- 13.9. 6 Key Developments
- 13.10 Samsung Healthcare
- 13.10. 1 Key Facts
- 13.10. 2 Business Description
- 13.10. 3 Products and Services
- 13.10. 4 Financial Overview
- 13.10. 5 SWOT Analysis
- 13.10. 6 Key Developments
- 14. Appendix
- 14.1 About Business Market Insights
- 14.2 List of Abbreviations
- TABLE OF TABLES
- Table 1. Singapore Ultrasound Market Segmentation
- Table 2. List of Vendors
- Table 3. Singapore Ultrasound Market – Revenue, 2021–2024 (US$ Million)
- Table 4. Singapore Ultrasound Market – Revenue Forecast, 2025–2031 (US$ Million)
- Table 5. Singapore Ultrasound Market – Revenue, 2021–2024 (US$ Million) – by Product Type
- Table 6. Singapore Ultrasound Market – Revenue Forecast, 2025–2031 (US$ Million) – by Product Type
- Table 7. Singapore Ultrasound Market – Revenue, 2021–2024 (US$ Million) – by Portability
- Table 8. Singapore Ultrasound Market – Revenue Forecast, 2025–2031 (US$ Million) – by Portability
- Table 9. Singapore Ultrasound Market – Revenue, 2021–2024 (US$ Million) – by Application
- Table 10. Singapore Ultrasound Market – Revenue Forecast, 2025–2031 (US$ Million) – by Application
- Table 11. Singapore Ultrasound Market – Revenue, 2021–2024 (US$ Million) – by End User
- Table 12. Singapore Ultrasound Market – Revenue Forecast, 2025–2031 (US$ Million) – by End User
- Table 13. List of Abbreviations
- TABLE OF FIGURES
- Figure 1. Impact Analysis of Drivers and Restraints
- Figure 2. Singapore Ultrasound Market Revenue, (US$ Million), 2021–2031
- Figure 3. Heat Map Analysis by Key Players
- Figure 4. Company Positioning and Concentration
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