REPORT HIGHLIGHT
Ultrasound Equipment Market size was valued at USD 8,774.1 Million in 2022, expanding at a CAGR of 5.9% from 2023 to 2030.
Ultrasound technology is a type of medical imaging that employs high-frequency sound waves to create detailed images of the internal organs within the body. Essentially, it involves the use of equipment to capture intricate pictures of these organs by emitting and receiving sound waves of a specific frequency.
Ultrasound Equipment Market - Market Dynamics:
- Growing product launches drive market growth
- The continuous introduction of innovative products is expected to be a driving force behind market expansion in the foreseeable future. As an example, Konica Minolta Healthcare Americas, Inc. recently revealed the PocketPro H2, a cutting-edge wireless portable ultrasound device designed for point-of-care applications in general imaging. Konica Minolta Healthcare, a respected provider of primary imaging solutions, has partnered with Healcerion to introduce this versatile device to the US market for both human and veterinary use.
- The PocketPro H2, a linear wireless portable ultrasound system, is well-suited for various applications such as musculoskeletal imaging, pain management, vascular access, and needle guidance. It excels in delivering high-quality images and offers healthcare practitioners a lightweight and ergonomic tool for quick and precise examinations of soft tissue, including joints, muscles, ligaments, tendons, and cartilage. This development is in response to the evolving needs of point-of-care professionals, enabling them to employ ultrasound for an expanded range of procedures.
Ultrasound Equipment Market - Key Insights:
- According to insights provided by our research analysts, the global Ultrasound Equipment market is poised to witness substantial growth, with an estimated annual CAGR of approximately 5.9% throughout the forecast period from 2023 to 2030.
- The growth of the Ultrasound Equipment sector is attributed to a surge in innovative product introductions, driving market expansion. For instance, the recent unveiling of the PocketPro H2, a cutting-edge wireless portable ultrasound device, by Konica Minolta Healthcare Americas, Inc., is a testament to this trend. This technology breakthrough, designed for point-of-care applications in general imaging, offers healthcare professionals the flexibility and convenience they need. It delivers high-quality imaging and is particularly well-suited for various applications, including musculoskeletal imaging, pain management, vascular access, and needle guidance.
- Additionally, within the product segment, the table-top category is anticipated to maintain a significant market share throughout the forecast period, underlining its importance and relevance in the ultrasound equipment market landscape
Ultrasound Equipment Market- Segmentation Analysis:
- The global Ultrasound Equipment Market is structured around key segments, including product type, end-user, application, and geographical regions.
- Within the product category, there are two significant segments: table-top and compact. Notably, the table-top segment is expected to play a pivotal role in the market landscape throughout the forecast period. Table-top ultrasound equipment stands out due to its portability and user-friendliness, making it a preferred choice in various healthcare settings. These devices are characterized by their compact design and cost-effectiveness, rendering them suitable for a wide range of healthcare facilities, including clinics, emergency rooms, and small medical offices. As such, the table-top segment is poised for continued growth, driven by its versatile applications and relevance in diverse healthcare environments.
Ultrasound Equipment Market- Competitive Landscape:
The market boasts a roster of influential players actively shaping its dynamics. Among these companies are Siemens Healthineers, Koninklijke Philips N.V, Konica Minolta, Shantou Institute of Ultrasonic Instruments, CHISON Medical Technologies Co, Neusoft Corporation, Fujifilm Holdings Corporation, Samsung Medison, EsaoteSpA, Analogic Corporation, Canon Medical Systems Corporation, Mindray Medical International Limited, Terason, Hologic, GE Healthcare, and Hitachi. These industry leaders are at the forefront of innovation, setting industry standards, and continually adapting to meet the evolving needs of the healthcare sector.
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL ULTRASOUND EQUIPMENT MARKET KEY PLAYERS
- Hitachi Ltd.
- GE Healthcare
- Hologic, Inc.
- Terason
- Mindray Medical International Limited
- Canon Medical Systems Corporation
- Analogic Corporation
- EsaoteSpA
- Samsung Medison Co., Ltd.
- Fujifilm Holdings Corporation
- Neusoft Corporation
- CHISON Medical Technologies Co., Ltd.
- Shantou Institute of Ultrasonic Instruments Co., Ltd.
- Konica Minolta, Inc.
- Koninklijke Philips N.V
- Siemens Healthineers
GLOBAL ULTRASOUND EQUIPMENT MARKET, BY PRODUCT
GLOBAL ULTRASOUND EQUIPMENT MARKET, BY END USER
GLOBAL ULTRASOUND EQUIPMENT MARKET, BY APPLICATION
- Gynecology
- Cardiology
- Radiology
- Urology
- Point of Care
- Surgery
- Others
GLOBAL ULTRASOUND EQUIPMENT MARKET, BY REGION
- North America
- The U.S.
- Canada
- Europe
- Germany
- France
- Italy
- Spain
- United Kingdom
- Russia
- Netherlands
- Sweden
- Poland
- Rest of Europe
- Asia Pacific
- India
- China
- South Korea
- Japan
- Australia
- Thailand
- Indonesia
- Philippines
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Colombia
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Israel
- Turkey
- Algeria
- Egypt
- Rest of MEA