PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1916513
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1916513
The global ultrasound equipment market is witnessing steady growth driven by rising demand for non-invasive diagnostic technologies and increasing prevalence of chronic diseases. According to Fortune Business Insights, the market was valued at USD 10.32 billion in 2025 and is projected to grow from USD 11.07 billion in 2026 to USD 19.51 billion by 2034, registering a CAGR of 7.30% during the forecast period.
In 2025, Asia Pacific dominated the market with a 41.69% share, supported by high production volumes of cost-effective ultrasound devices and growing healthcare infrastructure in emerging economies.
Ultrasound imaging utilizes high-frequency sound waves to capture real-time images of internal organs, blood vessels, and tissues. It is widely used for diagnosing cardiovascular disorders, abdominal diseases, musculoskeletal conditions, and pregnancy-related complications. Due to its safety, affordability, and non-invasive nature, ultrasound remains one of the most preferred diagnostic imaging modalities worldwide.
Market Dynamics
Market Drivers
The increasing prevalence of chronic diseases combined with a rapidly growing geriatric population is a major driver of market growth. Conditions such as cardiovascular diseases, cancer, kidney disorders, and respiratory illnesses require frequent diagnostic monitoring, significantly increasing the use of ultrasound imaging.
According to global health statistics, 244.1 million people were living with ischemic heart disease in 2020, driving demand for echocardiography and vascular ultrasound procedures. Additionally, nearly 95% of adults aged 60 years and above suffer from at least one chronic condition, further increasing reliance on diagnostic imaging technologies.
Moreover, ultrasound applications have expanded beyond traditional radiology and gynecology into emergency medicine, anesthesia, musculoskeletal imaging, and point-of-care diagnostics, further accelerating market growth.
Market Restraints
Despite technological advancements, the market faces challenges due to product recalls and a shortage of trained technicians. Regulatory warnings and recalls negatively impact brand reputation and product adoption.
For instance, Philips recalled its Sparq Class 2 ultrasound device in August 2021 due to battery-related issues. Additionally, countries such as the U.K., Canada, and Australia face a shortage of radiologists, which limits optimal utilization of ultrasound equipment and restrains market growth.
Market Opportunities
The expansion of therapeutic applications of ultrasound presents lucrative growth opportunities. Modern ultrasound technologies are increasingly used for cancer treatment, pain management, neuromodulation, wound healing, and ultrasound-guided drug delivery.
For example, Insightec's Exablate Neuro platform, approved in Brazil, utilizes focused ultrasound for treating neurological disorders such as essential tremor and Parkinson's disease. Such innovations are expected to open new revenue streams during the forecast period.
Market Challenges
The presence of alternative diagnostic technologies such as MRI, CT, and X-ray poses competition to ultrasound systems. High costs associated with advanced ultrasound equipment and uneven access to healthcare infrastructure in low-income regions also limit market penetration. Additionally, stringent regulatory frameworks and rising competitive pressure from low-cost manufacturers create challenges for established players.
Market Trends
A key trend shaping the market is the integration of artificial intelligence (AI) into ultrasound devices. AI-powered imaging enhances image clarity, reduces dependency on skilled technicians, and improves diagnostic accuracy.
For instance, in February 2023, the U.S. FDA approved Clarius HD3, an AI-enabled ultrasound device designed for musculoskeletal imaging.
Other trends include:
By Product
The cart-based/standalone segment dominated the market, accounting for 65.87% share in 2026, due to widespread adoption in hospitals and clinics.
The portable segment, including handheld devices, is expected to grow at a higher CAGR owing to advancements in wireless and compact ultrasound technologies.
By Application
The radiology segment led the market and is expected to hold 33.16% share in 2026, driven by increasing diagnostic imaging procedures.
Gynecology and cardiology followed, supported by rising pregnancy rates and cardiovascular disease prevalence.
By End User
The hospitals segment dominated in 2024, driven by high patient admissions and advanced diagnostic infrastructure.
Clinics are expected to grow rapidly due to rising adoption of handheld and POCUS systems.
Conclusion
In conclusion, the global ultrasound equipment market is set for sustained growth from 2025 to 2034, driven by rising chronic disease prevalence, technological advancements, and expanding diagnostic and therapeutic applications. While challenges such as regulatory hurdles and competition from alternative imaging technologies persist, continued innovation and growing adoption of AI-enabled and portable ultrasound systems are expected to propel the market to USD 19.51 billion by 2034.
Segmentation By Product
Cart-based/Standalone
Portable
By Application
By End User
By Region