Ultrasound Device Market by Component (Curvilinear/ Convex Array Probes, Linear Array Probes, Phased Array Probes), Technology (2D Ultrasound, 3D & 4D Ultrasound, Diagnostic Ultrasound), Device Display, Portability, Application, End User - Global Forecast

Ultrasound Device Market by Component (Curvilinear/ Convex Array Probes, Linear Array Probes, Phased Array Probes), Technology (2D Ultrasound, 3D & 4D Ultrasound, Diagnostic Ultrasound), Device Display, Portability, Application, End User - Global Forecast 2023-2030


The Ultrasound Device Market size was estimated at USD 11.08 billion in 2022 and expected to reach USD 11.87 billion in 2023, at a CAGR 7.82% to reach USD 20.25 billion by 2030.

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Ultrasound Device Market.
  • Based on Component, market is studied across Curvilinear/ Convex Array Probes, Linear Array Probes, Phased Array Probes, Transducers/ Probes, and Workstations. The Curvilinear/ Convex Array Probes is projected to witness significant market share during forecast period.
  • Based on Technology, market is studied across 2D Ultrasound, 3D & 4D Ultrasound, Diagnostic Ultrasound, Doppler Ultrasound, Extracorporeal Shockwave Lithotripsy (ESWL), High-Intensity Focused Ultrasound (HIFU), and Therapeutic Ultrasound. The High-Intensity Focused Ultrasound (HIFU) is projected to witness significant market share during forecast period.
  • Based on Device Display, market is studied across B/W Ultrasound and Color Ultrasound. The Color Ultrasound is projected to witness significant market share during forecast period.
  • Based on Portability, market is studied across Compact/Handheld Ultrasound Systems, Point-of-care (PoC) Ultrasound Systems, and Trolley/Cart-based Ultrasound Systems. The Trolley/Cart-based Ultrasound Systems is projected to witness significant market share during forecast period.
  • Based on Application, market is studied across Cardiology Applications, Hepatology, Obstetrics/Gynecology Applications, Orthopedic & Musculoskeletal Applications, Pain Management Applications, Radiology/General Imaging Applications, Urology Applications, and Vascular Applications. The Pain Management Applications is projected to witness significant market share during forecast period.
  • Based on End User, market is studied across Ambulatory Care Centers, Diagnostic Centers, Hospitals, Maternity Centers, Research & Academia, and Surgical Centers. The Ambulatory Care Centers is projected to witness significant market share during forecast period.
  • Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas is projected to witness significant market share during forecast period.
Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Ultrasound Device Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Ultrasound Device Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Ultrasound Device Market, highlighting leading vendors and their innovative profiles. These include ALPINION MEDICAL SYSTEMS Co., Ltd., ASP Global Manufacturing GmbH, B. Braun SE, Bioevopeak Co., Ltd., BK Medical Holding Company, Inc., Canon Medical Systems Corporation, CHISON Medical Technologies Co., Ltd., CIVCO Medical Solutions, CS Medical LLC, EDAN Instruments, Inc., EDAP TMS SA, Esaote SpA, FUJIFILM SonoSite, Inc., GE HealthCare Technologies Inc., Germitec S.A., Hitachi Healthcare Americas, Hologic, Inc., Koninklijke Philips N.V., Lantheus Holdings PLC, Samsung Medison Co., Ltd., Shenzhen Anke High-tech Co., Ltd., Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Siemens Healthcare Private Limited, SonoScape Medical Corp., SternMed GmbH, Stryker Corporation, TERASON DIVISION TERATECH CORPORATION, TOMTEC Imaging Systems GmbH, Verathon Inc., and Zimed Healthcare Inc..

The report offers valuable insights on the following aspects:
  1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
  2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
  3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
  4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
  5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
  1. What is the market size and forecast for the Ultrasound Device Market?
  2. Which products, segments, applications, and areas hold the highest investment potential in the Ultrasound Device Market?
  3. What is the competitive strategic window for identifying opportunities in the Ultrasound Device Market?
  4. What are the latest technology trends and regulatory frameworks in the Ultrasound Device Market?
  5. What is the market share of the leading vendors in the Ultrasound Device Market?
  6. Which modes and strategic moves are suitable for entering the Ultrasound Device Market?


Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Ultrasound Device Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Increasing prevalence of chronic diseases worldwide
5.1.1.2. Inclination of paints toward early disease diagnosis and treatment
5.1.1.3. Rising government and private funding for research and development of ultrasound imaging
5.1.2. Restraints
5.1.2.1. High cost of procurement and maintenance of ultrasound systems
5.1.3. Opportunities
5.1.3.1. Rising number of product approvals by the regulatory authorities coupled with subsequent product launches
5.1.3.2. Technological advancement in ultrasound device
5.1.4. Challenges
5.1.4.1. Technical and operational issues associated with ultrasound systems
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
6. Ultrasound Device Market, by Component
6.1. Introduction
6.2. Curvilinear/ Convex Array Probes
6.3. Linear Array Probes
6.4. Phased Array Probes
6.5. Transducers/ Probes
6.6. Workstations
7. Ultrasound Device Market, by Technology
7.1. Introduction
7.2. 2D Ultrasound
7.3. 3D & 4D Ultrasound
7.4. Diagnostic Ultrasound
7.5. Doppler Ultrasound
7.6. Extracorporeal Shockwave Lithotripsy (ESWL)
7.7. High-Intensity Focused Ultrasound (HIFU)
7.8. Therapeutic Ultrasound
8. Ultrasound Device Market, by Device Display
8.1. Introduction
8.2. B/W Ultrasound
8.3. Color Ultrasound
9. Ultrasound Device Market, by Portability
9.1. Introduction
9.2. Compact/Handheld Ultrasound Systems
9.3. Point-of-care (PoC) Ultrasound Systems
9.4. Trolley/Cart-based Ultrasound Systems
10. Ultrasound Device Market, by Application
10.1. Introduction
10.2. Cardiology Applications
10.3. Hepatology
10.4. Obstetrics/Gynecology Applications
10.5. Orthopedic & Musculoskeletal Applications
10.6. Pain Management Applications
10.7. Radiology/General Imaging Applications
10.8. Urology Applications
10.9. Vascular Applications
11. Ultrasound Device Market, by End User
11.1. Introduction
11.2. Ambulatory Care Centers
11.3. Diagnostic Centers
11.4. Hospitals
11.5. Maternity Centers
11.6. Research & Academia
11.7. Surgical Centers
12. Americas Ultrasound Device Market
12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States
13. Asia-Pacific Ultrasound Device Market
13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam
14. Europe, Middle East & Africa Ultrasound Device Market
14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom
15. Competitive Landscape
15.1. FPNV Positioning Matrix
15.2. Market Share Analysis, By Key Player
15.3. Competitive Scenario Analysis, By Key Player
15.3.1. Agreement, Collaboration, & Partnership
15.3.1.1. UltraSight Inc. and EchoNous Partner to Enable More Accessible Cardiac Ultrasound for Patients
15.3.2. New Product Launch & Enhancement
15.3.2.1. Konica Minolta Business Solutions India Private Limited Launches New Handheld Ultrasound Device
15.3.2.2. Koninklijke Philips N.V. launches new compact ultrasound system at RSNA 2022, allowing first-time-right diagnosis for more patients
16. Competitive Portfolio
16.1. Key Company Profiles
16.1.1. ALPINION MEDICAL SYSTEMS Co., Ltd.
16.1.2. ASP Global Manufacturing GmbH
16.1.3. B. Braun SE
16.1.4. Bioevopeak Co., Ltd.
16.1.5. BK Medical Holding Company, Inc.
16.1.6. Canon Medical Systems Corporation
16.1.7. CHISON Medical Technologies Co., Ltd.
16.1.8. CIVCO Medical Solutions
16.1.9. CS Medical LLC
16.1.10. EDAN Instruments, Inc.
16.1.11. EDAP TMS SA
16.1.12. Esaote SpA
16.1.13. FUJIFILM SonoSite, Inc.
16.1.14. GE HealthCare Technologies Inc.
16.1.15. Germitec S.A.
16.1.16. Hitachi Healthcare Americas
16.1.17. Hologic, Inc.
16.1.18. Koninklijke Philips N.V.
16.1.19. Lantheus Holdings PLC
16.1.20. Samsung Medison Co., Ltd.
16.1.21. Shenzhen Anke High-tech Co., Ltd.
16.1.22. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
16.1.23. Siemens Healthcare Private Limited
16.1.24. SonoScape Medical Corp.
16.1.25. SternMed GmbH
16.1.26. Stryker Corporation
16.1.27. TERASON DIVISION TERATECH CORPORATION
16.1.28. TOMTEC Imaging Systems GmbH
16.1.29. Verathon Inc.
16.1.30. Zimed Healthcare Inc.
16.2. Key Product Portfolio
17. Appendix
17.1. Discussion Guide
17.2. License & Pricing

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