This Report Provides In-Depth Analysis of the Ultrasound Devices Market Report Prepared by P&S Intelligence, Segmented by Product Type (Diagnostic, Therapeutic), Device Display (Color, Black and White), Portability (Trolley/Cart-Based, Compact/Handheld), Application (General Imaging, Obstetrics/Gynecology, Cardiology, Pain Management), End User (Hospitals, Surgical Centers, and Diagnostic Centers, Maternity Centers, Ambulatory Care Centers, Research and Academic Institutes), and Geographical Outlook for the Period of 2019 to 2032
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Ultrasound Devices Market Future Outlook
The ultrasound devices market size stood at USD 9.1 billion in 2024, and it will witness a CAGR of 6.7% during 2025–2032, to increase to USD 15.2 billion by 2032.
High-frequency sound waves are used in ultrasound to create images of anatomical structures, which are subsequently analyzed by medical specialists to look for abnormalities. With this technology, a number of chronic diseases affecting the important body parts, including the joints, arteries in the abdomen, and the heart, can be diagnosed. Moreover, it is one of the safest non-invasive techniques for inspecting organs.
This technique is widely used for minimally invasive diagnosis, by visualizing the tissues and organs of the body. It is are also used in interventional radiology for fluid management. Some of the ultrasound-guided procedures are fluid collection by needle aspiration and tissue sampling. Since minimally invasive procedures cause less pain and do not require a long stay in a hospital, the preference for them is increasing, which, in turn, is leading to the growth of the ultrasound devices industry.
Hence, the industry is growing at a significant rate due to the booming geriatric population, rising prevalence of chronic and lifestyle-associated diseases, such as cardiovascular diseases and cancer, and increasing healthcare expenditure. The geriatric population is prone to diseases due to its low immunity, thus leading to the expanding demand for diagnosis and treatment. This would increase the demand for ultrasonograms, as they are cost-effective, especially over CTs and MRIs, and non-invasive. The prevalence of chronic diseases, such as heart disease, cancer, respiratory diseases, and diabetes, is increasing due to the alterations in lifestyles and the lack of access to preventive care. For instance, more than 18 million cancer cases are diagnosed and nearly 10 million deaths are recorded around the world every year, equaling nearly one in six deaths. The rising prevalence of such diseases would increase the demand for diagnostic and therapeutic ultrasound procedures, which are cost-effective and minimally invasive.
In addition, the advancements in the technology of ultrasonography equipment and the growing demand for minimally invasive diagnoses and therapeutics are driving the global market.
Moreover, the growing number of product launches and development of small, portable devices for point-of-care applications are the key trends being observed. The leading market players are also focused on creating cutting-edge systems that use artificial intelligence. The idea behind this step is to tackle some of the drawbacks of conventional devices, such as the lengthy examination times, occasionally poor image quality, and reliance on experts for image acquisition and interpretation.
Ultrasound Devices Market Trends & Drivers
Miniaturization of Devices Is Major Trend in Market
The medical device technology is transitioning toward miniaturization, with portable, lighter devices replacing their bulky counterparts.
To provide point-of-care ultrasound scans to patients, healthcare settings are focusing on the use of compact and lightweight devices.
In view of this, manufacturers in the market are introducing portable devices to facilitate improved healthcare.
Hence, the miniaturization of ultrasound devices has led to their increased application in emergency and intensive care units (ICUs).
Handheld devices help physicians in routine bedside scanning, which further reduces the overall time and cost associated with healthcare.
Besides, miniaturized, wearable ultrasonic diathermy devices are widely being utilized in deep therapy.
Growing Geriatric Population Drives Market
The elderly population requires extensive care as it is prone to illnesses due to its low immunity levels, with the long recovery time further degrading its quality of life.
Cancer and cardiovascular disorders are highly prevalent in older people due to their weak regenerative abilities, thus leading to an increase in the demand for better diagnosis and therapy.
As per the WHO, the population aged 60 years and over will increase to 1.4 billion by 2030. Moreover, between 2020 and 2050, the number of people 80 years or older is projected to triple, reaching 426 million.
With the increasing aging population, the need for better procedures for diagnosis and treatment is rising.
In addition, with the rising emphasis on shorter and relatively pain-free treatment, the preference for minimally invasive medical procedures is booming, which would further lead to an increase in the usage of echography equipment.
Development of Advanced Healthcare System Offers Opportunities
Ultrasonic imaging is a powerful diagnostic tool for medical practitioners and researchers, and it is widely accepted due to its non-invasive nature.
In addition, the technological advancements in computing applications and transducers have revolutionized them and expanded their application.
The developments in transducer materials and array designs have resulted in greater bandwidths, with improvements in the spatial and contrast resolutions.
Similarly, the developments in digital signal processing have produced innovations in beam forming, image display, and archiving.
This has resulted in the emergence of several novel imaging modes that exploit the non-linear performance of tissues and micro-bubble contrast agents.
In addition, the advances in the 3D and 4D technologies offer a better visualization of congenital birth defects, as well as offering dynamic and multi-planar views of the fetal heart.
The 4D ultrasound technology, for instance, allows for the real-time viewing of the organs, including the baby’s heart, as they function.
Furthermore, sonograms are used for guided biopsies and other minimally invasive interventional radiology procedures.
Guided biopsies involve fluid collection by needle aspiration and cytological or tissue sampling. Endoscopic ultrasonography is also used for the diagnosis of conditions.
For instance, in endobronchial sonography, an ultrasound device is attached to fiber-optic bronchoscopes in order to diagnose and stage lung cancer and determine the appropriate treatment.
Ultrasound Devices Market Segmentation and Category Analysis
Application Insights
In 2024, the general imaging category held the largest share, of 45%. This is owing to the growing availability of high-intensity focused ultrasound (HIFU) and the preference for them among physicians during tissue biopsy and the treatment of cancer and many other diseases.
The OB/GYN category will witness the fastest growth due to the increasing awareness of regular prenatal examinations. An obstetric ultrasound is routinely performed during the pregnancy for evaluating the development and health of the fetus. The ultrasound scan provides real time images of the fetus showing the movement and its heartbeat.
It is also used to measure the size of the fetus, visualize the number of fetuses in the uterus, check the sex and position of the baby, detect pathologies and analyses fetal development. As per studies, each year, 8 million babies are born with congenital defects, to detect which prenatal ultrasounds are vital. In addition, it is also used to determine the amount of amniotic fluid, and determine tumors of ovary and breast. In recent years, the developments in doppler ultrasound technology have expanded the application in the field of obstetrics.
These applications are covered:
General Imaging (Largest Category)
Abdominal
Musculoskeletal
Vascular
Urology
Others
Obstetrics/Gynecology (Fastest-Growing Category)
Cardiology
Pain Management
Others
Portability Insights
The trolley/cart-based category dominates the market in contemporary times. These devices are mainly used in large healthcare institutions, clinics and hospitals. They have better functionality and more imaging options as compared to portable sonography machines.
The compact/handheld category will witness the higher CAGR, of 8%, during the forecast period. This is attributed to the ease of use, mobility, and the real-time result they provide. The demand for these variants is growing in remote and rural areas, where the infrastructure is often inadequate to support conventional trolley/-cart-based devices. The expanding trend of home-based care, especially since the pandemic and among the elderly, further drives this category.
The segment is categorized as below:
Trolley/Cart-Based (Larger Category)
Compact/Handheld (Faster-Growing Category)
End User Insights
The hospitals, surgical centers, and diagnostics centers category dominated the market in 2024 with a share of 50%. This can be ascribed to the easy availability of sonography-based medical procedures at these medical centers, expansion in their number in key regions, and increase in the use of minimally invasive diagnostic and surgical techniques here.
Ambulatory care centers are the fastest-growing category, primarily due to the rising demand for affordable diagnostic services. Moreover, these places currently host fewer patients, which reduces waiting times and speeds up the procedures. The presence of fewer patients also lessens the chances of hospital-acquired infections, which took centerstage during the COVID-19 pandemic.
These end users are covered:
Hospitals, Surgical Centers, and Diagnostic Centers (Largest Category)
Maternity Centers
Ambulatory Care Centers (Fastest-Growing Category)
Research and Academic Institutes
Others
Device Display Insights
The color bifurcation dominates the market, and it will also witness the higher CAGR, of 10%, during the forecast period. Colored variants are a significant advancement over black-and-white ones, and they enable doctors to flip the mode to see the flow of blood. This enhances the precision of cardiac ultrasounds (echocardiograms) by offering better real-images of the blood vessels and chambers of the heart.
These device displays are covered:
Color (Larger and Faster-Growing Category)
Black and White
Product Type Insights
The diagnostic category held the larger share in the market in 2024, of 80%, and it will also witness the higher CAGR during the forecast period. This is primarily because sonograms are widely performed to assess the functioning of the heart, check for cancer, and monitor the fetus in utero. The prevalence of chronic diseases, such as heart disease, cancer, stroke, respiratory disease and diabetes is increasing, due to the alteration in lifestyle and lack of access to preventive care. The incidence of various cancers and their mortality is increasing with age. The rapidly increasing burden of cancer is leading to increase in demand for oncology services, which further compels government organizations and healthcare providers to provide facilities for effective disease diagnosis and treatment. Cardiovascular disease is the disease of heart and blood vessels, which includes conditions, such as hypertension, coronary heart disease, heart failure, cerebrovascular disease and rheumatic heart disease. It is the leading cause of premature death around the world.
These product types are covered:
Diagnostic (Larger and Faster-Growing Category)
2D
3D & 4D
Doppler
Therapeutic
High-intensity focused ultrasound (HIFU)
Extracorporeal shockwave lithotripsy (ESWL)
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Ultrasound Devices Market Geographical Analysis
Europe had the largest share of the sales revenue, of 40%, in 2024. The expansion in focused ultrasound's clinical applications and the early commercialization of these devices in the region, as well as the substantial healthcare expenditure across the developed European countries (such as Germany, France, the U.K., Italy, and Spain), are causing the ultrasound devices market in Europe to grow.
The ultrasound device market in Asia-Pacific is expected to grow at the highest rate, of 9%, due to improving healthcare infrastructure, increasing prevalence of chronic and lifestyle associated diseases, and strengthening of networks of international device manufacturers in Asia-Pacific. As per studies, over 1.4 million cases were diagnosed in India in 2022, while the incidence in China stood at 341.75 per 100,000. Further, as per the WHO, in India, genetic birth defects are seen in 61 to 69.9 in every 1,000 live births. These conditions also account for 7% of the deaths in the neonatal stage and 3.3 million deaths of children aged less than 5 each year.
The growing geriatric population is also driving the growth of the market. As per the WHO, 28% of the people in China will be 60 years old or older by 2040. Similarly, India, this population would grow to 347 million by 2050 from 153 million in 2023. Moreover, Japan and South Korea have the two oldest populations on earth, with 37.5% of the former’s and 39.4% of the latter’s population forecast to be at least 65 years old by mid-century.
In addition, the increasing healthcare cost is also driving the growth of the market.
Brazil (Largest and Fastest-Growing Country Market)
Mexico
Rest of LATAM
Middle East and Africa (MEA)
Saudi Arabia (Largest Country Market)
South Africa
U.A.E. (Fastest-Growing Country Market)
Rest of MEA
Ultrasound Devices Market Share
The market is majorly consolidated as only a handful of major medical device companies hold significant shares.
Despite using one of the most-well-understood imaging technologies, these devices are technically and financially challenging to develop.
Additionally, every new variant needs to undergo a stringent, complex, and long regulatory process and years of clinical trials to gain marketing approval.
This renders new and local companies unable to compete in a tightly contested and regulated market.
Moreover, most OEMs provide comprehensive services as well, offering convenience to end users, which consist of healthcare providers and academic research institutes only.
Ultrasound Devices Manufacturing Companies:
GE Healthcare Technologies Inc.
Koninklijke Philips N.V.
Canon Inc.
Siemens Healthineers AG
Hologic Inc.
FUJIFILM Holdings Corporation
Samsung Electronics Co. Ltd.
Shenzhen Mindray Bio-Medical Electronics Co. Ltd.
Esaote S.p.A.
Ultrasound Devices Market News & Updates
In January 2025, Koninklijke Philips NV entered into a partnership with Imbuto Foundation to deliver 390 Lumify handheld ultrasound devices in Rwanda, under an initiative that receives funding from the Bill & Melinda Gates Foundation.
In January 2025, Hologic Inc. acquired Gynesonics Inc., the developer of the Sonata System, for USD 350 million. The Sonata System is designed for ultrasound-guided radiofrequency ablations without any incision.
In December 2024, Shenzhen Mindray Bio-Medical Electronics Co. Ltd. launched the Resona I8 sonography device.
In September 2024, researchers at IIT-Madras announced the development of an AI-equipped PoCUS device for sports injury detection right on the field of play.
Frequently Asked Questions About This Report
What is the total value of the ultrasound devices market?+
The market for ultrasound devices valued USD 9.1 billion in 2024.
What is the ultrasound devices industry competition analysis?+
The ultrasound devices industry is consolidated.
What are the factors driving the ultrasound devices market?+
The market for ultrasound devices is driven by technological advancements and rising chronic disease incidence.
Which is the biggest application in the ultrasound devices industry?+
General imaging leads the ultrasound devices industry.
Which is the fastest-growing region in the ultrasound devices market?+
The fastest-growing market for ultrasound devices is APAC.
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