PUBLISHER: IMARC | PRODUCT CODE: 1701835
PUBLISHER: IMARC | PRODUCT CODE: 1701835
The global ultrasound devices market size reached USD 10.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 17.4 Billion by 2033, exhibiting a growth rate (CAGR) of 5.89% during 2025-2033. The increasing demand for non-invasive medical procedures is enhancing the adoption of imaging technology, which is stimulating the market.
An ultrasound scan, also known as sonography, is a medical examination recording real-time images of the interior of the body using high-frequency sound waves. It helps medical professionals diagnose problems of the bladder, eyes, gallbladder, kidneys, liver, ovaries, pancreas, spleen, thyroid, testicles, uterus, and blood vessels without incision. It also assists in viewing a developing fetus during pregnancy as ultrasound does not rely on radiation as compared to other imaging techniques. Besides this, it is used to guide a needle for biopsy or tumor treatment, examine a breast lump, check the thyroid gland, find genital and prostate problems, and evaluate metabolic bone diseases.
At present, there is a rise in the adoption of ultrasound devices for diagnostic imaging and treatment across the globe. This, along with the growing prevalence of chronic and lifestyle disorders among the masses, represents one of the key factors driving the market. In addition, the escalating demand for minimally invasive surgery due to less pain, a shorter hospital stay, and fewer complications are contributing to the growth of the market. Besides this, the integration of artificial intelligence (Al) in ultrasound devices to automate time-consuming processes, such as quantification and selecting the best image slice from a 3D dataset, is positively influencing the market. Moreover, the increasing application of ultrasound devices in 3D imaging, shear wave elastography, development of wireless transducers, app-based ultrasound technology, fusion with CT/MR, and laparoscopic ultrasound is propelling the growth of the market. Apart from this, there is an increase in the demand for handheld ultrasound devices to treat critical care patients in crowded hospitals due to their speed, portability, and ease of use. This, along with the burgeoning healthcare industry, is bolstering the growth of the market around the world.
The competitive landscape of the industry has also been examined along with the profiles of the key players being Canon Medical Systems Corporation (Canon Inc.), CHISON Medical Technologies Co. Ltd., Esaote SpA, Fujifilm Holdings Corporation, General Electric Company, Hologic Inc., Konica Minolta Inc., Koninklijke Philips N.V., Samsung Medison Co. Ltd. (Samsung Electronics Co. Ltd.), Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Siemens Healthcare GmbH (Siemens AG) and Trivitron Healthcare.