Global Ultrasound Equipment Market 2024-2028

The ultrasound equipment market is forecasted to grow by USD 2.98 bn during 2023-2028, accelerating at a CAGR of 6.25% during the forecast period. The report on the ultrasound equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by broader applications of ultrasound equipment, advancements in image quality, volumetric ultrasound, and new technologies, and focus on early diagnosis and preventive medicine.

Market Scope
Base Year	2023
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	5.76%
CAGR	6.25%
Incremental Value	$2.98bn

Technavio's ultrasound equipment market is segmented as below:

By End-user

Hospitals
Imaging centers
Research centers
Others

By Product Type

Stationary ultrasound equipment
Portable ultrasound equipment

By Geographical Landscape

North America
Europe
Asia
Rest of World (ROW)

This study identifies the integration of artificial intelligence (AI) into ultrasound as one of the prime reasons driving the ultrasound equipment market growth during the next few years. Also, wireless technologies and launch of new products will lead to sizable demand in the market.

The report on the ultrasound equipment market covers the following areas:

Ultrasound equipment market sizing
Ultrasound equipment market forecast
Ultrasound equipment market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading ultrasound equipment market vendors that include Boston Scientific Corp., Canon Inc., Carestream Health Inc., Chison Medical Technologies Co. Ltd., ContextVision AB, Esaote Spa, FUJIFILM Corp., General Electric Co., GlobalMedia Group LLC, Healcerion Co. Ltd., Hitachi Ltd., Hologic Inc., Iljin Co. Ltd., Konica Minolta Inc., Koninklijke Philips N.V., Mindray Bio medical Electronics Co. Ltd., Samsung Electronics Co. Ltd., Shenzhen Bestman Instrument Co. Ltd., Siemens AG, SonoScape Medical Corp., Sonostar, Sumitomo Mitsui Financial Group, and Telemed Ultrasound. Also, the ultrasound equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Product Code: IRTNTR71418

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Global Market Characteristics
Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
Exhibit 05: Executive Summary - Chart on Market Segmentation by End-user
Exhibit 06: Executive Summary - Chart on Market Segmentation by Product Type
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global ultrasound equipment market 2018 - 2022
Exhibit 18: Historic Market Size - Data Table on global ultrasound equipment market 2018 - 2022 ($ billion)
4.2 End-user Segment Analysis 2018 - 2022
Exhibit 19: Historic Market Size - End-user Segment 2018 - 2022 ($ billion)
4.3 Product type Segment Analysis 2018 - 2022
Exhibit 20: Historic Market Size - Product type Segment 2018 - 2022 ($ billion)
4.4 Geography Segment Analysis 2018 - 2022
Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
4.5 Country Segment Analysis 2018 - 2022
Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by End-user

6.1 Market segments
Exhibit 30: Chart on End-user - Market share 2023-2028 (%)
Exhibit 31: Data Table on End-user - Market share 2023-2028 (%)
6.2 Comparison by End-user
Exhibit 32: Chart on Comparison by End-user
Exhibit 33: Data Table on Comparison by End-user
6.3 Hospitals - Market size and forecast 2023-2028
Exhibit 34: Chart on Hospitals - Market size and forecast 2023-2028 ($ billion)
Exhibit 35: Data Table on Hospitals - Market size and forecast 2023-2028 ($ billion)
Exhibit 36: Chart on Hospitals - Year-over-year growth 2023-2028 (%)
Exhibit 37: Data Table on Hospitals - Year-over-year growth 2023-2028 (%)
6.4 Imaging centers - Market size and forecast 2023-2028
Exhibit 38: Chart on Imaging centers - Market size and forecast 2023-2028 ($ billion)
Exhibit 39: Data Table on Imaging centers - Market size and forecast 2023-2028 ($ billion)
Exhibit 40: Chart on Imaging centers - Year-over-year growth 2023-2028 (%)
Exhibit 41: Data Table on Imaging centers - Year-over-year growth 2023-2028 (%)
6.5 Research centers - Market size and forecast 2023-2028
Exhibit 42: Chart on Research centers - Market size and forecast 2023-2028 ($ billion)
Exhibit 43: Data Table on Research centers - Market size and forecast 2023-2028 ($ billion)
Exhibit 44: Chart on Research centers - Year-over-year growth 2023-2028 (%)
Exhibit 45: Data Table on Research centers - Year-over-year growth 2023-2028 (%)
6.6 Others - Market size and forecast 2023-2028
Exhibit 46: Chart on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 47: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
Exhibit 48: Chart on Others - Year-over-year growth 2023-2028 (%)
Exhibit 49: Data Table on Others - Year-over-year growth 2023-2028 (%)
6.7 Market opportunity by End-user
Exhibit 50: Market opportunity by End-user ($ billion)
Exhibit 51: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Product Type

7.1 Market segments
Exhibit 52: Chart on Product Type - Market share 2023-2028 (%)
Exhibit 53: Data Table on Product Type - Market share 2023-2028 (%)
7.2 Comparison by Product Type
Exhibit 54: Chart on Comparison by Product Type
Exhibit 55: Data Table on Comparison by Product Type
7.3 Stationary ultrasound equipment - Market size and forecast 2023-2028
Exhibit 56: Chart on Stationary ultrasound equipment - Market size and forecast 2023-2028 ($ billion)
Exhibit 57: Data Table on Stationary ultrasound equipment - Market size and forecast 2023-2028 ($ billion)
Exhibit 58: Chart on Stationary ultrasound equipment - Year-over-year growth 2023-2028 (%)
Exhibit 59: Data Table on Stationary ultrasound equipment - Year-over-year growth 2023-2028 (%)
7.4 Portable ultrasound equipment - Market size and forecast 2023-2028
Exhibit 60: Chart on Portable ultrasound equipment - Market size and forecast 2023-2028 ($ billion)
Exhibit 61: Data Table on Portable ultrasound equipment - Market size and forecast 2023-2028 ($ billion)
Exhibit 62: Chart on Portable ultrasound equipment - Year-over-year growth 2023-2028 (%)
Exhibit 63: Data Table on Portable ultrasound equipment - Year-over-year growth 2023-2028 (%)
7.5 Market opportunity by Product Type
Exhibit 64: Market opportunity by Product Type ($ billion)
Exhibit 65: Data Table on Market opportunity by Product Type ($ billion)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 67: Chart on Market share By Geographical Landscape 2023-2028 (%)
Exhibit 68: Data Table on Market share By Geographical Landscape 2023-2028 (%)
9.2 Geographic comparison
Exhibit 69: Chart on Geographic comparison
Exhibit 70: Data Table on Geographic comparison
9.3 North America - Market size and forecast 2023-2028
Exhibit 71: Chart on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 72: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
Exhibit 73: Chart on North America - Year-over-year growth 2023-2028 (%)
Exhibit 74: Data Table on North America - Year-over-year growth 2023-2028 (%)
9.4 Europe - Market size and forecast 2023-2028
Exhibit 75: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 76: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
Exhibit 77: Chart on Europe - Year-over-year growth 2023-2028 (%)
Exhibit 78: Data Table on Europe - Year-over-year growth 2023-2028 (%)
9.5 Asia - Market size and forecast 2023-2028
Exhibit 79: Chart on Asia - Market size and forecast 2023-2028 ($ billion)
Exhibit 80: Data Table on Asia - Market size and forecast 2023-2028 ($ billion)
Exhibit 81: Chart on Asia - Year-over-year growth 2023-2028 (%)
Exhibit 82: Data Table on Asia - Year-over-year growth 2023-2028 (%)
9.6 Rest of World (ROW) - Market size and forecast 2023-2028
Exhibit 83: Chart on Rest of World (ROW) - Market size and forecast 2023-2028 ($ billion)
Exhibit 84: Data Table on Rest of World (ROW) - Market size and forecast 2023-2028 ($ billion)
Exhibit 85: Chart on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
Exhibit 86: Data Table on Rest of World (ROW) - Year-over-year growth 2023-2028 (%)
9.7 US - Market size and forecast 2023-2028
Exhibit 87: Chart on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 88: Data Table on US - Market size and forecast 2023-2028 ($ billion)
Exhibit 89: Chart on US - Year-over-year growth 2023-2028 (%)
Exhibit 90: Data Table on US - Year-over-year growth 2023-2028 (%)
9.8 Germany - Market size and forecast 2023-2028
Exhibit 91: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 92: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
Exhibit 93: Chart on Germany - Year-over-year growth 2023-2028 (%)
Exhibit 94: Data Table on Germany - Year-over-year growth 2023-2028 (%)
9.9 UK - Market size and forecast 2023-2028
Exhibit 95: Chart on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 96: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
Exhibit 97: Chart on UK - Year-over-year growth 2023-2028 (%)
Exhibit 98: Data Table on UK - Year-over-year growth 2023-2028 (%)
9.10 China - Market size and forecast 2023-2028
Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
9.11 Japan - Market size and forecast 2023-2028
Exhibit 103: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 104: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
Exhibit 105: Chart on Japan - Year-over-year growth 2023-2028 (%)
Exhibit 106: Data Table on Japan - Year-over-year growth 2023-2028 (%)
9.12 Market opportunity By Geographical Landscape
Exhibit 107: Market opportunity By Geographical Landscape ($ billion)
Exhibit 108: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 109: Impact of drivers and challenges in 2023 and 2028
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 111: Overview on factors of disruption
11.4 Industry risks
Exhibit 112: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 113: Vendors covered
12.2 Market positioning of vendors
Exhibit 114: Matrix on vendor position and classification
12.3 Boston Scientific Corp.
Exhibit 115: Boston Scientific Corp. - Overview
Exhibit 116: Boston Scientific Corp. - Business segments
Exhibit 117: Boston Scientific Corp. - Key news
Exhibit 118: Boston Scientific Corp. - Key offerings
Exhibit 119: Boston Scientific Corp. - Segment focus
12.4 Canon Inc.
Exhibit 120: Canon Inc. - Overview
Exhibit 121: Canon Inc. - Business segments
Exhibit 122: Canon Inc. - Key news
Exhibit 123: Canon Inc. - Key offerings
Exhibit 124: Canon Inc. - Segment focus
12.5 Carestream Health Inc.
Exhibit 125: Carestream Health Inc. - Overview
Exhibit 126: Carestream Health Inc. - Product / Service
Exhibit 127: Carestream Health Inc. - Key offerings
12.6 Chison Medical Technologies Co. Ltd.
Exhibit 128: Chison Medical Technologies Co. Ltd. - Overview
Exhibit 129: Chison Medical Technologies Co. Ltd. - Product / Service
Exhibit 130: Chison Medical Technologies Co. Ltd. - Key offerings
12.7 ContextVision AB
Exhibit 131: ContextVision AB - Overview
Exhibit 132: ContextVision AB - Product / Service
Exhibit 133: ContextVision AB - Key offerings
12.8 Esaote Spa
Exhibit 134: Esaote Spa - Overview
Exhibit 135: Esaote Spa - Product / Service
Exhibit 136: Esaote Spa - Key offerings
12.9 General Electric Co.
Exhibit 137: General Electric Co. - Overview
Exhibit 138: General Electric Co. - Business segments
Exhibit 139: General Electric Co. - Key news
Exhibit 140: General Electric Co. - Key offerings
Exhibit 141: General Electric Co. - Segment focus
12.10 GlobalMedia Group LLC
Exhibit 142: GlobalMedia Group LLC - Overview
Exhibit 143: GlobalMedia Group LLC - Product / Service
Exhibit 144: GlobalMedia Group LLC - Key offerings
12.11 Hologic Inc.
Exhibit 145: Hologic Inc. - Overview
Exhibit 146: Hologic Inc. - Business segments
Exhibit 147: Hologic Inc. - Key news
Exhibit 148: Hologic Inc. - Key offerings
Exhibit 149: Hologic Inc. - Segment focus
12.12 Konica Minolta Inc.
Exhibit 150: Konica Minolta Inc. - Overview
Exhibit 151: Konica Minolta Inc. - Business segments
Exhibit 152: Konica Minolta Inc. - Key news
Exhibit 153: Konica Minolta Inc. - Key offerings
Exhibit 154: Konica Minolta Inc. - Segment focus
12.13 Koninklijke Philips N.V.
Exhibit 155: Koninklijke Philips N.V. - Overview
Exhibit 156: Koninklijke Philips N.V. - Business segments
Exhibit 157: Koninklijke Philips N.V. - Key news
Exhibit 158: Koninklijke Philips N.V. - Key offerings
Exhibit 159: Koninklijke Philips N.V. - Segment focus
12.14 Mindray Bio medical Electronics Co. Ltd.
Exhibit 160: Mindray Bio medical Electronics Co. Ltd. - Overview
Exhibit 161: Mindray Bio medical Electronics Co. Ltd. - Product / Service
Exhibit 162: Mindray Bio medical Electronics Co. Ltd. - Key offerings
12.15 Samsung Electronics Co. Ltd.
Exhibit 163: Samsung Electronics Co. Ltd. - Overview
Exhibit 164: Samsung Electronics Co. Ltd. - Business segments
Exhibit 165: Samsung Electronics Co. Ltd. - Key news
Exhibit 166: Samsung Electronics Co. Ltd. - Key offerings
Exhibit 167: Samsung Electronics Co. Ltd. - Segment focus
12.16 Siemens AG
Exhibit 168: Siemens AG - Overview
Exhibit 169: Siemens AG - Business segments
Exhibit 170: Siemens AG - Key news
Exhibit 171: Siemens AG - Key offerings
Exhibit 172: Siemens AG - Segment focus
12.17 Sumitomo Mitsui Financial Group
Exhibit 173: Sumitomo Mitsui Financial Group - Overview
Exhibit 174: Sumitomo Mitsui Financial Group - Product / Service
Exhibit 175: Sumitomo Mitsui Financial Group - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 176: Inclusions checklist
Exhibit 177: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 178: Currency conversion rates for US$
13.4 Research methodology
Exhibit 179: Research methodology
Exhibit 180: Validation techniques employed for market sizing
Exhibit 181: Information sources
13.5 List of abbreviations
Exhibit 182: List of abbreviations