PUBLISHER: TechSci Research | PRODUCT CODE: 1785157
PUBLISHER: TechSci Research | PRODUCT CODE: 1785157
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Global Ultrasound Systems market was valued at USD 13.09 Billion in 2024 and is expected to reach USD 17.23 Billion by 2030 with a CAGR of 4.65%. An ultrasound scan, also known as sonography, is a medical procedure that utilizes high-frequency sound waves to generate real-time images of the body's internal structures. It is a valuable diagnostic tool for medical professionals in identifying and evaluating conditions affecting various organs and systems, such as the bladder, eyes, gallbladder, kidneys, liver, ovaries, pancreas, spleen, thyroid, testicles, uterus, and blood vessels, without the need for surgical intervention. Additionally, it plays a crucial role in monitoring the development of a fetus during pregnancy, as ultrasound imaging does not involve the use of radiation, distinguishing it from other imaging techniques. Moreover, this technique is employed to assist in guiding needle-based procedures like biopsies or tumor treatments, examining breast abnormalities, assessing thyroid gland function, detecting genital and prostate issues, as well as evaluating metabolic bone diseases.
Market Overview | |
---|---|
Forecast Period | 2026-2030 |
Market Size 2024 | USD 13.09 Billion |
Market Size 2030 | USD 17.23 Billion |
CAGR 2025-2030 | 4.65% |
Fastest Growing Segment | General Imaging |
Largest Market | North America |
Key Market Drivers
High Prevalence of Chronic Diseases
The frequency of chronic diseases is on a rapid rise, leading to a surge in demand for healthcare services. This includes an increase in patient visits, hospital admissions, and surgeries. In 2022, the United States recorded substantial engagement across various healthcare settings. According to CDC data, physician office visits surpassed 900 million, while emergency department (ED) visits totaled approximately 155 million. Additionally, hospitals accounted for around 537 million outpatient visits and performed nearly 45 million outpatient procedures, underscoring the high operational throughput and demand across ambulatory care services. This escalating demand has also resulted in a significant increase in the need for medical imaging equipment, particularly ultrasound systems, which play a crucial role in the diagnosis and treatment of various conditions. Additionally, the growing proportion of geriatric populations worldwide who suffer from chronic diseases has further contributed to the demand for these devices.
Over the past decade, the applications of ultrasound technology have expanded beyond its traditional use in obstetrics, cardiology, obesity, and radiography. It is now widely used in clinical areas such as surgery, gastroenterology, and musculoskeletal. This expansion has been driven by recent innovations and the introduction of numerous products in the point-of-care (POC) sector, including handheld devices. As a result, the deployment of ultrasound systems in primary care, anesthesia, emergency medicine, and critical care applications has significantly increased. All these factors are expected to fuel the growth in sales of medical imaging equipment, particularly ultrasound systems, throughout the forecast period. The continuous advancements in technology and the increasing prevalence of chronic diseases worldwide are driving the need for more comprehensive and advanced healthcare solutions.
Key Market Challenges
Product Recalls
The market is currently experiencing a remarkable surge in growth, driven by groundbreaking advancements in the field of artificial imaging. However, this rapid progress has not been without its challenges. Recent recalls of certain ultrasound equipment have unfortunately tarnished the reputation of major businesses operating in this sector. One such example is the class 2 product recall issued by the U.S. FDA in May 2022 for Koninklijke Philips N.V.'s S83t compact. The recall was prompted by a defect in the transesophageal transducer's auto cool feature, which posed a potential risk of patient harm during ultrasound exams. These recalls highlight the importance of maintaining strict quality control measures and continuously innovating to ensure the safety and reliability of medical imaging technologies.
Key Market Trends
Integration of Artificial intelligence
The market is on the cusp of witnessing significant growth as artificial intelligence (AI) continues to seamlessly integrate into healthcare systems. With its remarkable ability to automate time-consuming tasks such as quantification and selecting optimal image slices from vast 3-D collections, AI has emerged as a pivotal component in many cutting-edge ultrasound systems. Looking ahead, experts anticipate AI to become even more prevalent in future ultrasound systems, driving their growth during the forecast period. These advancements in AI technology are truly revolutionizing the field of ultrasound, leading to more efficient and accurate diagnoses, and ultimately enhancing the overall quality of patient care. By harnessing the power of AI, healthcare professionals are empowered to deliver precise and personalized treatment plans, resulting in improved patient outcomes and a brighter future for medical imaging.
In this report, the Global Ultrasound Systems Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Ultrasound Systems Market.
Global Ultrasound Systems market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: