Europe Ultrasound Devices Market - 2024 - 2031

Report Overview

Europe Ultrasound Devices Market reached US$ 2.32 billion in 2023 and is expected to reach US$ 3.73 billion by 2031, growing at a CAGR of 5.26% during the forecast period 2024-2031.

An ultrasound device employs high-frequency sound waves to see the body's interior organs. An ultrasound system includes a probe that sends high-frequency ultrasonic sound waves into the patient's body. The bodily organs then reflect these sound waves into the probe.

These transmitted waves are subsequently sent to a display system, which creates the picture via echoes. Ultrasound devices are used to see organs such as the liver, kidneys, blood arteries, heart, human fetus, and others.

Market Dynamics: Drivers & Restraints

Rising prevalence of chronic diseases

Chronic disorders such as cardiovascular disease, and cancer among others often require ongoing monitoring and diagnostic imaging to treat and monitor the progression of the disease. Ultrasound devices are commonly utilized for these reasons as they are non-invasive and can provide real-time imaging.

Ultrasound devices are a vital diagnostic tool for conditions such as cancer and cardiovascular disease. The growing incidence of chronic illnesses in the European Union is expected to fuel demand and provide a market opportunity for these devices.

For instance, according to the European Heart Journal by Oxford University Press in 2024, it is stated that cardiovascular diseases account for 11% of the EU's total healthcare expenditure. It remains the most common cause of death in ESC member countries with over 3 million deaths per year.

Cardiology ultrasounds can detect issues with heart valves, such as stenosis or mitral or tricuspid regurgitation. These abnormalities can disrupt normal blood flow and lead to serious health problems if left untreated. Thus, the above factors are expected to drive market growth during the forecast period.

Additionally, to enhance device performance in urgent and emergency medical applications, producers of medical ultrasound devices in the EU market use wireless technologies like Bluetooth and near-field communication.

High costs of advanced ultrasound devices

Apart from the initial cost of purchase, advanced ultrasound machines frequently face additional operational and maintenance expenditures. These factors can discourage healthcare providers from investing in new technology. Hospitals and clinics have limited funds and may prioritize expenditure on other areas, such as essential or critical needs. The high cost of the latest ultrasound devices can result in a reduced allocation of funds to these technologies.

Market Segment Analysis

The Europe ultrasound devices market is segmented based on type, technology, application, and end-user.

The portable ultrasound segment is expected to dominate the market share

Portable ultrasound devices hold a significant portion of the market share and are expected to continue throughout the forecast period. This is due to the increasing adoption of portable devices by healthcare providers due to their efficiency and the comfort associated with the devices. Portable ultrasonography has several uses in emergency departments, point-of-care, and at home.

Hospitals and other healthcare practitioners are using handheld ultrasound imaging equipment owing to their simplicity of use and accuracy. These devices have more demand in emergency and anesthesia departments. With advances in technology, manufacturers are making devices smaller and more portable and adding 3D and 4D imaging.

For instance, on August 27, 2024, GE HealthCare received European approval for two cardiac imaging devices that include a wireless handheld ultrasound and a device capable of running a CT scan without a patient's electrocardiogram signal.

Additionally, in January 2024, Clarius launched the CE-marked PAL HD3 ultrasound scanner in the European Union and the UK. The Claruis' handheld device can provide high-resolution images up to 40 cm in depth from the skin surface.

Thus, introducing advanced portable ultrasound devices into the market and the efficiency maintained by these devices is expected to drive the segment's growth and expected to hold the dominant position.

Market Segmentation

By Type

Stationary Ultrasound

Portable Ultrasound

By Technology

2D Ultrasound Imaging

3D and 4D Ultrasound Imaging

Doppler Imaging

High-intensity Focused Ultrasound

By Application

Anesthesiology

Cardiology

Gynecology/Obstetrics

Musculoskeletal

Radiology

Critical Care

Other

By End-User

Hospitals

Diagnostic Centers

Specialty Clinics

Others

Market Competitive Landscape

The major players in the market include GE Healthcare, Siemens Healthineers AG, Philips Healthcare Europe, Canon Medical Systems Europe BV, Samsung Medison Europe, FUJIFILM Europe GmbH, Esaote SpA, Mindray Europe, SternMed GmbH and 4medic GmbH among others.

Why Purchase the Report?

To visualize the Europe ultrasound devices market segmentation based on type, technology, application, and end-user as well as understand key commercial assets and players.

Identify commercial opportunities by analyzing trends and co-development.

Excel data sheet with numerous data points of ultrasound devices market-level with all segments.

PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.

Product mapping available as Excel consisting of key products of all the major players.

The Europe ultrasound devices market report would provide approximately 53 tables, 47 figures, and 176 pages.

Target Audience 2024

Manufacturers/ Buyers

Industry Investors/Investment Bankers

Research Professionals

Emerging Companies