PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1933342
PUBLISHER: Fortune Business Insights Pvt. Ltd. | PRODUCT CODE: 1933342
The global compact ultrasound equipment market was valued at USD 3.37 billion in 2025 and is projected to grow to USD 3.77 billion in 2026, reaching USD 9.04 billion by 2034, representing a CAGR of 11.53% during the forecast period. Compact ultrasound equipment refers to smaller, lightweight ultrasound systems designed to offer portability without compromising on imaging quality or functionality. These devices are increasingly preferred in diverse clinical settings, including hospitals, clinics, and point-of-care diagnostics, particularly where mobility and space constraints are significant.
The market is primarily driven by the rising prevalence of chronic diseases, such as cardiovascular disorders, kidney diseases, and cancer, along with the growing geriatric population requiring regular monitoring. For instance, according to the NIH (September 2024), over 808,000 people in the U.S. were living with end-stage renal disease in 2023, and approximately 2.0 million people are expected to be diagnosed with cancer in the U.S. in 2025. Moreover, the global population aged 60 and above is projected to increase from 1.1 billion in 2023 to 1.4 billion by 2030, further driving demand for compact ultrasound systems.
Market Dynamics
Drivers: Early detection and preventive healthcare measures are crucial, and compact ultrasound systems provide a non-invasive, cost-effective solution. Integration of point-of-care (POC) diagnostics and advancements in imaging technology have improved diagnostic accuracy and efficiency, boosting market growth.
Restraints: Product recalls and shortages of skilled technicians present challenges. For example, in March 2024, Koninklijke Philips N.V. recalled its Class 2 5000 Compact Series due to temperature control issues. Similarly, shortages of trained radiologists, such as the 30% shortage reported in the U.K. in 2023, limit adoption in certain regions.
Opportunities: Expanding therapeutic applications of ultrasound, including neuromodulation, cancer treatment, and ultrasound-guided drug delivery, offer growth potential. For instance, Insightec's Exablate 4000 received approval in Brazil for MR-guided, focused ultrasound applications in 2021.
Challenges: High acquisition costs (ranging USD 2,500-5,000) and the presence of alternative diagnostic tools like MRI and CT scanners can hinder adoption, especially in low-income regions.
Market Trends
A significant trend is the integration of Artificial Intelligence (AI) into ultrasound systems, improving real-time image analysis, diagnostic precision, and workflow efficiency. In March 2025, Koninklijke Philips N.V. launched its AI-enabled Compact Ultrasound 5500CV, enhancing imaging quality and operational efficiency.
Competitive Landscape
Key players include GE HealthCare, Siemens Healthineers AG, CANON MEDICAL SYSTEMS CORPORATION, Butterfly Network, Inc., Koninklijke Philips N.V., Konica Minolta, FUJIFILM Corporation, Esaote SPA, and Shenzhen Mindray Bio-Medical Electronics Co., Ltd. Strategic initiatives include product launches, partnerships, and acquisitions to expand market presence. Notable developments include Butterfly Network's iQ+ Bladder (March 2024) and Philips' Compact Ultrasound 5500CV (March 2025).
Conclusion
The global compact ultrasound equipment market is poised for substantial growth, from USD 3.37 billion in 2025 to USD 9.04 billion by 2034, driven by chronic disease prevalence, geriatric population growth, technological advancements, and AI integration. North America remains the market leader, while Asia Pacific offers the fastest growth potential. Challenges include high costs, technician shortages, and competition from alternative imaging tools, yet increasing applications in therapeutic procedures and point-of-care diagnostics are expected to sustain long-term growth and improve global healthcare outcomes.
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