Ultrasound Devices Market To Generate $12,073.4 Million Revenue in 2030 | CAGR 6.4%

December 16 19:30 2022
Ultrasound Devices Market To Generate $12,073.4 Million Revenue in 2030 | CAGR 6.4%
Europe dominated the ultrasound devices market, with a share of around 40%, in 2021, due to the growing demand for minimally invasive procedures, rising number of products being commercialized, and increasing clinical application of HIFU.

The ultrasound devices market generated $6,929.7 million revenue in 2021, and it will propel at a rate of 6.4% from 2021 to 2030, to reach $12,073.4 million in 2030. According to the market research study published by P&S Intelligence.

Rise in Usage of Ultrasound for Diagnoses

High-frequency sound waves are utilized in ultrasound for generating anatomical structures’ images, which are then analyzed by medical specialists to check for any abnormality. This technology helps in the diagnosis of a number of chronic diseases impacting the critical body parts, such as the joints, arteries in the abdomen, and heart.

In addition, it is the safest non-invasive technique for the inspection of organs.

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Usage of Minimally Invasive Diagnosis by Visualizing Organs 

This technique is utilized for minimally invasive diagnoses, by visualizing the organs and tissues of the body. It is also used for fluid management in interventional radiology. Several ultrasound-guided procedures involve fluid collection by tissue sampling and needle aspiration.

These minimally invasive procedures cause almost no pain, and there is no need for a long hospital stay, thus resulting in their growing preference.

Increasing Elderly Population Propels Demand for Ultrasound Devices

The elderly population is more susceptible to diseases due to its low immunity. Combined with this factor, the low cost of ultrasonograms and their non-invasiveness over other common radiological modalities, such as MRIs and CTs, boost the industry.

Therefore, the rising elderly population, growing prevalence of lifestyle-associated and chronic diseases, including cancer, and cardiovascular ailments, and surging healthcare expenditure will help the market grow.  

Technological Advancements Boost Industry Growth

The rising rate of technological advancements in ultrasonography equipment and the growing demand for minimally invasive diagnoses and therapies encourage the usage of sonography.

The rise in the number of product launches and the development of small, portable devices for point-of-care applications also expand the industry. Additionally, the stalwarts are focusing on the development of cutting-edge systems that utilize AI and are equipped with 3D and 4D vision, specifically to check for fetal abnormalities.

Browse detailed report on Ultrasound Devices Market Size, Share, Development and Demand Forecast to 2030

Europe Makes Greatest Use of Ultrasound Devices

Europe holds the largest share, of approximately 40%. The rise in the clinical applications of ultrasound, early commercialization of these devices, and considerable healthcare expenditure in France, Germany, Italy, Spain, and the U.K. boost the growth of the industry.

Rising Emphasis on Miniaturization of Medical Device for POC Care

The focus of medical device technology companies is currently on the miniaturization of devices, with lighter and portable devices replacing their larger and heavier counterparts. The increasing focus of healthcare settings on the usage of lightweight and compact devices to offer point-of-care treatments propels the industry.

Therefore, the usage of smaller and portable ultrasound equipment is growing in ICUs and emergency rooms. Handheld devices provide support to physicians in emergency scanning at the bedside, thus reducing healthcare costs and time.

Global Ultrasound Devices Industry Size Breakdown by Segment

By Technology

  • Diagnostic
    • 2D
    • 3D & 4D
    • Doppler
  • Therapeutic
    • High-intensity focused ultrasound (HIFU)
    • Extracorporeal shockwave lithotripsy (ESWL)

By Device Display

  • Color
  • B/W

By Portability

  • Trolley/Cart-Based
  • Compact/Handheld
  • Point-of-Care (POC)

By Application

  • General Imaging
    • Abdominal
    • Musculoskeletal
    • Vascular
    • Urology
  • Obstetrics/Gynecology
  • Cardiology
  • Pain Management

By End User

  • Hospitals, Surgical Centers, and Diagnostic Centers
  • Maternity Centers
  • Ambulatory Care Centers
  • Research and Academic Institutes

Regional Analysis

  • North America Ultrasound Devices Market
    • By technology
    • By device display
    • By portability
    • By application
    • By end user
    • By country – U.S. and Canada
  • Europe Ultrasound Devices Market
    • By technology
    • By device display
    • By portability
    • By application
    • By end user
    • By country – Germany, U.K., France, Italy, Spain, and Rest of Europe
  • Asia-Pacific Ultrasound Devices Market
    • By technology
    • By device display
    • By portability
    • By application
    • By end user
    • By country – Japan, China, India, South Korea, Australia, and Rest of APAC
  • Latin America Ultrasound Devices Market
    • By technology
    • By device display
    • By portability
    • By application
    • By end user
    • By country – Brazil, Mexico, and Rest of LATAM
  • Middle East and Africa Ultrasound Devices Market
    • By technology
    • By device display
    • By portability
    • By application
    • By end user
    • By country – Saudi Arabia, South Africa, U.A.E., and Rest of MEA

Browse more reports published by P&S

Portable Ultrasound Devices Market Size by Portability, Application, End user – Global Industry Development and Demand Forecast to 2030

Point-of-Care Ultrasound Device Market Size by Type, Portability, Application – Global Industry Growth and Demand Forecast to 2030

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