Global Ultrasound Device Market Key Players Analysis, Company Profiles, Strategic Developments, Mergers, Product Innovations, Revenue Insights, and Future Forecasts

Global Ultrasound Devices Market Size & Forecast 2025-2033

The ultrasound devices market is projected to grow significantly, reaching approximately US$15.23 billion by 2033, up from US$9.84 billion in 2025. This growth translates to a compound annual growth rate of 5.61% from 2025 to 2033. One of the key factors driving this expansion is the increasing demand for non-invasive medical procedures, which in turn enhances the utilization of imaging technology in healthcare settings.

Ultrasound devices are medical imaging devices that use high-frequency sound waves to produce images of structures within the body. They are widely used in various diagnostic applications, especially in obstetrics for monitoring the growth of a fetus in pregnancy, but are also applicable in cardiology, urology, and musculoskeletal imaging.

Non-invasive, safe, and portable are some reasons that have generally driven the popularity of ultrasound devices around the world. Unlike X-rays or CT, there is no exposure to ionizing radiation; hence, it is very safe to use on soft tissues and organs. This safety aspect becomes particularly important in the imaging of pregnant women and young children.

Furthermore, technical development has yielded portable ultrasound machines that allow practitioners to conduct ultrasound examinations not only in hospitals but also in remote areas. These machines have increased accessibility and efficiency, and hence their application in medical practice is very significant to facilitate early diagnosis and improve patient outcomes. Since health management is moving toward non-invasive approaches, the need and application of ultrasound devices will continue growing in most parts of the world.

Top Companies in the Global Ultrasound Devices Market

GE Healthcare

Founded: 1994

Headquarters: United States of America

GE HealthCare Technologies Inc (GE HealthCare) is a medical technology, pharmaceutical diagnostics, and digital solutions company. The company designs, develops, manufactures, and distributes diagnostic imaging and clinical systems, as well as products and services for drug discovery, biopharmaceutical manufacturing, and cellular technologies. It also provides imaging agents used during medical scanning procedures and healthcare IT solutions. GE HealthCare also offers performance improvement and performance solutions, computerized data management, and remote diagnostic and repair services for medical equipment manufactured by the company and others. The company is primarily operational through its subsidiaries and affiliates in markets across the world.

Siemens Healthcare

Founded: 1847

Headquarters: Germany

Siemens Healthineers AG (Siemens Healthineers), a subsidiary of Siemens AG, is a medical technology company. The company designs, develops, produces, and distributes diagnostic and therapeutic products, including imaging systems, in vitro diagnostics, and advanced therapies. The company's key products comprise molecular imaging systems, X-ray products, ultrasound systems, computed tomography systems, magnetic resonance imaging systems, testing systems, POC testing systems, mobile C-arms, hybrid ORs, and angiography systems. It also provides enterprise and digital services. The company's significant customers include laboratories, clinics, hospitals, hospital systems, physicians, public health agencies, universities, state-run and private health insurers, pharmaceutical companies, and clinical research institutes. The company operates its business in Europe, the Americas, the Middle East, Africa, and the Asia-Pacific region.

Philips

Founded: 1891

Headquarters: Netherlands

Koninklijke Philips NV, commonly known as Philips, is a diversified technology company. The company designs, develops, manufactures, and sells medical systems and consumer electronics products. The product portfolio of the company includes precision diagnosis, image-guided therapy, monitoring, enterprise informatics, sleep and respiratory care, and personal health. Its major products and services comprise X-ray and fluoroscopy systems, MRI systems, CT systems, integrated interventional X-ray systems, image guided therapy system, intracardiac echocardiography catheter, hospital patient monitoring systems, ambulatory monitoring and diagnostics systems, battery-operated toothbrushes, brush heads, breast pumps, baby bottles, sterilizers, groomers, trimmers and hair clippers, among others. It provides its products and services to healthcare providers, patients, and consumers across various industries including healthcare, pharmaceuticals, and biotechnology industries. It has business operations in Europe, North America, and Asia.

Canon INC.

Founded: 1937

Headquarters: Japan

Canon Inc. (Canon) manufactures medical equipment, cameras, office multifunction devices, laser and inkjet printers, and lithography equipment. The company's product portfolio comprises MRI systems, CT systems, ultrasound systems, X-ray systems, digital camcorders, digital cinema cameras, office copying machines, network cameras, vacuum thin-film deposition equipment, and OLED panel manufacturing equipment. Canon's products find their applications in office environments, healthcare, photography, industrial manufacturing, and semiconductor manufacturing. It has business operations in Japan, the US, Germany, France, the Netherlands, Taiwan, China, Malaysia, Thailand, Vietnam, and the Philippines.

Fujifilm Holdings Corporation

Founded: 1934

Headquarters: Japan

Fujifilm Holdings Corp (Fujifilm) is engaged in designing, manufacturing, and marketing healthcare solutions, material solutions, and imaging systems. Its offerings include medical devices, semiconductor materials, instant cameras, color film and chemicals, photofinishing equipment, inkjet printheads, office solutions, and imaging equipment. The company's products cater to various industries, such as healthcare, electronics, and business communications, offering solutions for medical diagnostics, industrial efficiency, and digital transformation. The company sells its offerings to customers through a channel network that includes channel partners along with its distribution networks. The company operates its business in the Americas, Europe, Africa, and the Asia-Pacific region.

Product Launches

Samsung Medison Co. Ltd. (Samsung Electronics Co. Ltd.)

Sept. 2024, Samsung Medison, a global medical equipment company and an affiliate of Samsung Electronics, is participating in the 34th annual academic conference of ISUOG World Congress 2024 held in Budapest, Hungary. During this prestigious conference, considered the most important academic event in the field of OB&GYN ultrasound, Samsung Medison presents HERA Z20, its new premium ultrasound system designed for obstetrics and gynecology.

Mindray Medical International Limited (China)

Nov 2024, Mindray, a leading provider of medical imaging solutions, launched the Resona A20 premium ultrasound system at EUROSON 2024 in Naples, Italy. It is designed to provide precise image quality and represents the persistent effort of Mindray in contributing to the advancement of medical diagnostics. Blending advanced technology with the insight of medical professionals, the Resona A20 provides enhanced diagnostic capability and new avenues for clinical research and treatment.

SWOT Analysis of the Company

Hitachi Ltd.

Strengths: Technological innovation, diversified product portfolio, and strong global brand reputation

Hitachi Ltd.'s key strengths in the ultrasound devices market lie in its technological innovation, diversified product portfolio, and strong global brand image. The company is known for high-performance diagnostic imaging systems that incorporate precision, reliability, and advanced software functionalities. Hitachi's ultrasound systems take advantage of advanced imaging technologies such as elastography, AI-assisted diagnostics, and 3D/4D imaging. These provide an outstanding clinical performance by offering greater accuracy and efficiency. With decades of experience in electronics and digital imaging, Hitachi ensures that all its ultrasound systems will perfectly integrate with the IT and data management platforms of any healthcare facility to further enhance smarter diagnostics and workflow optimization. Additionally, global distribution, extensive service infrastructure, and strong collaboration with leading hospitals and research institutions increase Hitachi's competitive edge. Also, its commitment to sustainability, innovation, and patient-centered design strengthens customer trust. Overall, these strengths enable Hitachi to hold a strong position of leadership in the ever-evolving, global ultrasound device market.

Telemed Ultrasound (Portugal)

Strengths These include expertise in portable, software-based ultrasound solutions.

The main strength of Telemed Ultrasound in the ultrasound devices market is its core competency in portable and software-based ultrasound solutions, allowing for high flexibility and cost-effective diagnostic imaging. The company develops compact, PC-based ultrasound systems that assure superior image quality and versatility in a wide range of clinical applications. The focus of Telemed on innovation, digital integration, and user-friendly interfaces places it in an advantageous position within the telemedicine, remote diagnostics, and point-of-care segments. Its devices are designed to be highly adaptable-compatibly working with laptops, tablets, and other medical platforms-which makes them highly suitable for mobile healthcare and undeveloped areas. Moreover, ongoing software updates and real-time image processing increase the diagnostic accuracy and ease of operation, while strong R&D capabilities and an expanding international distribution network enable the company to compete with major players by offering affordable, scalable, and technologically advanced ultrasound systems. Its stress on accessibility, performance, and integration of digital healthcare defines its strength in the global market.

Recent Development in the Ultrasound Devices Market

ALPINION Medical Systems Co., Ltd. (South Korea)

Nov 2022, Alpinion Medical Systems, a subsidiary of South Korea-based ILJIN Group, announces plans to showcase a new portfolio of high-performance diagnostic equipment at the radiology conference and annual meeting of the Radiological Society of North America (RSNA). The conference will take place in Chicago. Alpinion will showcase newly upgraded X-CUBE Series: 90 and 70 on GPX and the newly launched value console unit: X-CUBE 60. The X-CUBE series is designed to set a new paradigm in ultrasound performance by offering detailed clinical imaging and operational efficiency. With an all-inclusive system upgrade, the X-CUBE Series 90 and 70 on GPX have now fully combined advanced diagnostic technologies with reduced noise and artifacts for excellent contrast resolution delicately.

Esaote S.p.A. (Italy)

Feb. 2025, Esaote Group, based in Italy, is a leading innovator in the field of medical imaging, with expertise in ultrasound, dedicated magnetic resonance, and medical IT. Esaote will show its latest portfolio for imaging at the European Congress of Radiology. Among these innovations will be an MRI AI platform called "e-SPADES." This breakthrough technology was developed in collaboration with Amsterdam University Medical Center and AIRS Medical and could reduce the total time spent on examination in the MRI by up to 60% compared to traditional methods of scanning while offering excellent quality in images.

Sustainability Objective

Fukuda Denshi Co., Ltd. (Japan)

Fukuda Denshi Co., Ltd. regards enhancing medical technology, protecting the environment, and contributing to society as central to its commitment to sustainability. Its sustainability objectives include reducing its environmental impact while offering solutions for healthier communities supported by healthcare that one can rely on. Fukuda Denshi works actively to lessen greenhouse gas emissions, enhance energy efficiency, and minimize waste in all areas of manufacturing. Besides, the company aims to use environmentally friendly materials for its medical equipment and adopt sustainable packaging, especially in diagnostic and monitoring devices. In developing products, the company focuses on designing its products to be energy-saving, with durable and recyclable materials that meet the latest global standards. Apart from its environmental objectives, Fukuda Denshi promotes ethical governance, workplace diversity, and community health programs. Through integrating sustainability into its corporate philosophy, it aims at advancing both patient care and environmental protection, ensuring that its innovations support long-term ecological balance and contribute to a more sustainable global healthcare ecosystem.

SAOTE (Esaote subsidiary)

SAOTE, owned by Esaote, aligns its objectives in sustainability to the vision of the holding company: to create responsible healthcare technologies that are energy-efficient and patient-centered. The company focuses on environmentally sustainable manufacturing, reducing carbon emissions, and applying resource-efficient production processes across medical imaging operations. SAOTE is committed to designing ultrasound and diagnostic systems that consume less energy, utilize recyclable materials, and have extended product lifecycles that ultimately contribute less to environmental impact. The company integrates sustainability into its supply chain, including ethical sourcing and compliance with global environmental regulations. Additionally, digital transformation at SAOTE enables a reduction in paper usage and simplifies workflows in a greener way in healthcare facilities. Beyond environmental measures, it nurtures a culture of wellbeing, safety, and ethical responsibility among its employees. Coupling technological excellence with sustainable innovation, SAOTE contributes to a more environmentally responsible medical imaging industry, supporting long-term health for people and the planet.

Market Segmentation

Ultrasound Devices Market

• Historical Trends
• Forecast Analysis

Market Share Analysis - Ultrasound Devices Market

GE Healthcare

Overview

• Company History and Mission
• Business Model and Operations

Workforce

Key Persons

• Executive Leadership
• Operational Management
• Division Leaders
• Board Composition

Recent Development & Strategies

• Mergers & Acquisitions
• Partnerships
• Investments

Sustainability Analysis

• Renewable Energy Adoption
• Energy-Efficient Infrastructure
• Use of Sustainable Packaging Materials
• Water Usage and Conservation Strategies
• Waste Management and Circular Economy Initiatives

Product Analysis

• Product Profile
• Quality Standards
• Product Pipeline
• Product Benchmarking

Strategic Assessment: SWOT Analysis

• Strengths
• Weaknesses
• Opportunities
• Threats

Revenue Analysis

The above information will be available for all the following companies:

1. GE Healthcare

2. Siemens Healthcare

3. Philips

4. Canon INC.

5. Fujifilm Holdings Corporation

6. Samsung Medison Co. Ltd. (Samsung Electronics Co. Ltd.)

7. Hitachi Ltd.

8. Mindray Medical International Limited (China)

9. Esaote S.p.A. (Italy)

10. SAOTE (Esaote subsidiary)

11. Chison Medical Technologies Co., Ltd. (China)

12. SIUI (Shantou Institute of Ultrasonic Instruments Co., Ltd) (China)

13. ALPINION Medical Systems Co., Ltd. (South Korea)

14. Telemed Ultrasound (Portugal)

15. Fukuda Denshi Co., Ltd. (Japan)