Ultrasound Surgical Devices Market: Current Analysis and Forecast (2023-2030)

Ultrasound surgical devices are sophisticated instruments used by healthcare professionals to perform surgical procedures using ultrasound technology. Ultrasound itself refers to high-frequency sound waves that are beyond the audible range of humans. These waves are emitted and received by the device, allowing surgeons to visualize internal organs, tissues, and blood vessels in real-time. Ultrasound surgical devices are sophisticated instruments used by healthcare professionals to perform surgical procedures using ultrasound technology. Ultrasound itself refers to high-frequency sound waves that are beyond the audible range of humans. These waves are emitted and received by the device, allowing surgeons to visualize internal organs, tissues, and blood vessels in real-time. The primary driver behind the advancement and utilization of ultrasound surgical devices is the significant advantages such as real-time visualization, cost-effectiveness, reduced complications etc. they offer over traditional surgical methods.

The Ultrasound Surgical Devices market was valued at USD 4 Billion in 2022 and is expected to grow at a CAGR of around 6% from 2023-2030.

Based on the Product, the market is segmented into Generators and consumables. The Generator category held a significant share of the market in 2022. One of the key factors contributing to the increasing dominance of ultrasound surgical generators is their ability to provide unmatched precision. These generators utilize high-frequency sound waves to create intense vibrations, enabling surgeons to cut, coagulate, and fragment tissues with exceptional accuracy. This precision allows for minimal damage to surrounding tissues, reducing patient trauma and improving overall surgical outcomes. Thus, there is a growing demand for targeted therapies that can effectively treat unresectable or metastatic Ultrasound Surgical Devices.

On the basis of Application, the market is categorized into Cardiology, Gynaecology, General Surgery, Urology, Bariatric Surgery, and Others. Among these, the Gynecology category held a significant market share in 2022. Ultrasound surgical devices are indeed widely used in gynecology. These devices use high-frequency sound waves to produce real-time images of the female reproductive system. They have a variety of applications in gynecological surgeries, including diagnosis, guidance during surgeries, minimally invasive surgeries, Biopsies, Aspirations, fertility treatments etc.

On the basis of end-users, the market is categorized into Hospitals, Ambulatory Surgical Centres, and Others. Among these, the hospital's category held a significant market share in 2022. This is mainly due to the high volume of surgeries and treatments performed in hospitals, as well as the availability of advanced medical equipment and expertise in this setting.

For a better understanding of the market adoption of the industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and Rest of Asia-Pacific), Rest of World. North America held dominating share of Ultrasound Surgical Devices market in 2022. The presence of well-established healthcare infrastructure, along with the increasing healthcare expenditure in the countries is the major attributing factor for the market growth in North America.

Some of the major players operating in the market include: Johnson & Johnson, GE Healthcare, Koninklijke Philips N.V., Mindray Medical International, Fujifilm Holdings Company, Bioventus Inc., Medtronic, Hitachi Ltd, Siemens Healthineers, and Olympus.