Ultrasound Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Description
Ultrasound Equipment Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Ultrasound Equipment Market
The ultrasound equipment market size was valued at USD 9.32 billion in 2023, and the market is now projected to grow from USD 9.99 billion in 2024 to USD 17.55 billion by 2032, exhibiting a CAGR of 7.3% during the forecast period of 2024-2032.
The COVID-19 pandemic significantly impacted the ultrasound market, growing disruptions in the international supply chain of clinical devices. Major players inside the market confronted demanding conditions because of deliver chain disruptions, particularly from vendors in significantly impacted rising international locations like China, India, and Brazil. Additionally, manufacturing capacity turns into tormented by the unavailability of regionally sourced uncooked materials or additives. These worrying conditions caused delays in manufacturing and distribution, contributing to a common poor effect at the ultrasound marketplace at some stage in the pandemic.
The worldwide rise in continual ailments and the developing geriatric population are poised to force market increase in healthcare services. With chronic situations becoming extra commonplace, there can be extended name for clinical interest, maximum critical to higher affected individual visits, health facility admissions, and surgical techniques. For instance, in 2021, information from the CDC indicated over 1.0 billion scientific physician place of work visits, 131.3 million emergency branch visits, and 41.5 million outpatient surgical tactics within the U.S. This surge underscores the want for greater healthcare infrastructure and offerings to cater to the growing healthcare dreams of populations worldwide.
The advent of synthetic intelligence (AI) in ultrasound device represents a sizable development inside the healthcare enterprise. Leading marketplace gamers are integrating AI algorithms into gadgets to enhance image great and interpretation, permitting real-time assessment of ultrasound pics. This lets in accurate diagnosis and gives valuable insights to healthcare specialists, ultimately improving affected character consequences. By overcoming limitations related to conventional gadgets which encompass prolonged exam times and photograph exquisite troubles, AI-blanketed systems offer increased accuracy and overall performance. This technological innovation is poised to strain market boom, catering to the evolving desires of healthcare agencies and patients alike.
Comprehensive Analysis of Ultrasound Equipment Market
The ultrasound equipment market growth is rising at an exponential rate due to its market segmentation. This market expansion effectively provides detailed regional assessments considering the dominant supply and demand forces that impact the industry. These segmentations are methodically segregated by product analysis, by application analysis and by end-user analysis.By product analysis include, table-top and compact systems. By application analysis include, radiology, gynecology, cardiology, and point of care, urology, surgery, and others. By end-user include, hospitals and clinics.
The Asia Pacific region lead the ultrasound equipment market share by benefitting a market size of USD 3.80 billion in 2023 due to the higher sales volume of these devices in the region.
The top players in the market play a crucial role in the industry assuring market growth and setting market standards. These players include, GE Healthcare (U.S.), Koninklijke Philips N.V. (Netherlands), CANON MEDICAL SYSTEMS CORPORATION (Japan), Hitachi (Japan), Siemens Healthcare (Germany), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Samsung Medison Co., Ltd. (South Korea), Esaote SPA (Italy), these market players provide a level-playing competitive landscape.
In November 2023, Samsung Medison Co., Ltd. Launched V6, a brand new ultrasound machine proposing 2D, 3D, and coloration imaging competencies.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth RateCAGR of 7.3% from 2024-2032
Unit Value (USD billion), and Volume (Units)
Segmentation By Product
Compact
Table-top
By Application
Radiology
Gynecology
Cardiology
Point of Care
Urology
Surgery
Others
By End User
Hospitals
Clinics
By Geography
North America (By Product, By Application, By End User, and By Country)
- U.S.
- Canada
Europe (By Product, By Application, By End User, andBy Country/Sub-region)
- U.K.
- Germany
- France
- Italy
- Spain
- Scandinavia
- Rest of Europe
Asia Pacific (By Product, By Application, By End User, andBy Country/Sub-region)
- Japan
- China
- India
- Australia
- Indonesia
- South Korea
- Taiwan
- Malaysia
- Thailand
- Rest of Asia Pacific
Latin America (By Product, By Application, By End User, andBy Country/Sub-region)
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of Latin America
Middle East & Africa (By Product, By Application, By End User, and By Country/Sub-region)
- GCC
- South Africa
- UAE
Rest of Middle East & Africa
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Table of Contents
198 Pages
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 3.4. Market Trends
- 4. Key Insights
- 4.1. New Product Launches, By Key Players
- 4.2. Key Industry Developments - Mergers, Acquisition, and Partnerships
- 4.3. Technological Advancements in Ultrasound Equipment
- 4.4. Impact of COVID-19 on the Market
- 5. Global Ultrasound Equipment Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast, 2019-2032
- 5.1. Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast – By Product
- 5.1.1. Compact
- 5.1.2. Table-top
- 5.2. Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast – By Application
- 5.2.1. Radiology
- 5.2.2. Gynaecology
- 5.2.3. Cardiology
- 5.2.4. Point of Care
- 5.2.5. Urology
- 5.2.6. Surgery
- 5.2.7. Others
- 5.3. Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast – By End User
- 5.3.1. Hospitals
- 5.3.2. Clinics
- 5.4. Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East and Africa
- 6. North America Ultrasound Equipment Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast, 2019-2032
- 6.1. Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast – By Product
- 6.1.1. Compact
- 6.1.2. Table-top
- 6.2. Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast – By Application
- 6.2.1. Radiology
- 6.2.2. Gynaecology
- 6.2.3. Cardiology
- 6.2.4. Point of Care
- 6.2.5. Urology
- 6.2.6. Surgery
- 6.2.7. Others
- 6.3. Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast – By End User
- 6.3.1. Hospitals
- 6.3.2. Clinics
- 6.4. Market Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 7. Europe Ultrasound Equipment Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast, 2019-2032
- 7.1. Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast – By Product
- 7.1.1. Compact
- 7.1.2. Table-top
- 7.2. Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast – By Application
- 7.2.1. Radiology
- 7.2.2. Gynaecology
- 7.2.3. Cardiology
- 7.2.4. Point of Care
- 7.2.5. Urology
- 7.2.6. Surgery
- 7.2.7. Others
- 7.3. Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast – By End User
- 7.3.1. Hospitals
- 7.3.2. Clinics
- 7.4. Market Analysis, Insights and Forecast – By Country/Sub-region
- 7.4.1. U.K.
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Spain
- 7.4.5. Italy
- 7.4.6. Scandinavia
- 7.4.7. Rest of Europe
- 8. Asia Pacific Ultrasound Equipment Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast, 2019-2032
- 8.1. Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast – By Product
- 8.1.1. Compact
- 8.1.2. Table-top
- 8.2. Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast – By Application
- 8.2.1. Radiology
- 8.2.2. Gynaecology
- 8.2.3. Cardiology
- 8.2.4. Point of Care
- 8.2.5. Urology
- 8.2.6. Surgery
- 8.2.7. Others
- 8.3. Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast – By End User
- 8.3.1. Hospitals
- 8.3.2. Clinics
- 8.4. Market Analysis, Insights and Forecast – By Country/Sub-region
- 8.4.1. Japan
- 8.4.2. China
- 8.4.3. India
- 8.4.4. Australia
- 8.4.5. Indonesia
- 8.4.6. South Korea
- 8.4.7. Taiwan
- 8.4.8. Malaysia
- 8.4.9. Thailand
- 8.4.10. Rest of Asia Pacific
- 9. Latin America Ultrasound Equipment Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast, 2019-2032
- 9.1. Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast – By Product
- 9.1.1. Compact
- 9.1.2. Table-top
- 9.2. Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast – By Application
- 9.2.1. Radiology
- 9.2.2. Gynaecology
- 9.2.3. Cardiology
- 9.2.4. Point of Care
- 9.2.5. Urology
- 9.2.6. Surgery
- 9.2.7. Others
- 9.3. Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast – By End User
- 9.3.1. Hospitals
- 9.3.2. Clinics
- 9.4. Market Analysis, Insights and Forecast – By Country/Sub-region
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Argentina
- 9.4.4. Colombia
- 9.4.5. Rest of Latin America
- 10. Middle East & Africa Ultrasound Equipment Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast, 2019-2032
- 10.1. Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast – By Product
- 10.1.1. Compact
- 10.1.2. Table-top
- 10.2. Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast – By Application
- 10.2.1. Radiology
- 10.2.2. Gynaecology
- 10.2.3. Cardiology
- 10.2.4. Point of Care
- 10.2.5. Urology
- 10.2.6. Surgery
- 10.2.7. Others
- 10.3. Market Revenue (USD billion) and Volume (Units) Analysis, Insights and Forecast – By End User
- 10.3.1. Hospitals
- 10.3.2. Clinics
- 10.4. Market Analysis, Insights and Forecast – By Country/Sub-region
- 10.4.1. GCC
- 10.4.2. South Africa
- 10.4.3. UAE
- 10.4.4. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis (2023)
- 11.2. Company Profiles
- 11.2.1. GE HealthCare
- 11.2.1.1. Overview
- 11.2.1.2. Product
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Strategies
- 11.2.1.6. financials (Based on Availability)
- 11.2.2. Koninklijke Philips N.V.
- 11.2.2.1. Overview
- 11.2.2.2. Product
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Strategies
- 11.2.2.6. financials (Based on Availability)
- 11.2.3. CANON MEDICAL SYSTEMS CORPORATION
- 11.2.3.1. Overview
- 11.2.3.2. Product
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Strategies
- 11.2.3.6. financials (Based on Availability)
- 11.2.4. Hitachi Healthcare Americas (FUJIFILM Holdings Corporation)
- 11.2.4.1. Overview
- 11.2.4.2. Product
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Strategies
- 11.2.4.6. financials (Based on Availability)
- 11.2.5. Panasonic Industry Co., Ltd.
- 11.2.5.1. Overview
- 11.2.5.2. Product
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Strategies
- 11.2.5.6. financials (Based on Availability)
- 11.2.6. Siemens Healthineers AG
- 11.2.6.1. Overview
- 11.2.6.2. Product
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Strategies
- 11.2.6.6. financials (Based on Availability)
- 11.2.7. Esaote SPA
- 11.2.7.1. Overview
- 11.2.7.2. Product
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Strategies
- 11.2.7.6. financials (Based on Availability)
- 11.2.8. Shantou Institute of Ultrasonic Instruments Co., Ltd
- 11.2.8.1. Overview
- 11.2.8.2. Product
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Strategies
- 11.2.8.6. financials (Based on Availability)
- 11.2.9. BK Medical Holding Company, Inc.
- 11.2.9.1. Overview
- 11.2.9.2. Product
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Strategies
- 11.2.9.6. financials (Based on Availability)
- 11.2.10. Butterfly network Inc.
- 11.2.10.1. Overview
- 11.2.10.2. Product
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Strategies
- 11.2.10.6. financials (Based on Availability)
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