Medical Ultrasound Equipment

Global Medical Ultrasound Equipment Market to Reach US$10.2 Billion by 2030

The global market for Medical Ultrasound Equipment estimated at US$7.3 Billion in the year 2024, is expected to reach US$10.2 Billion by 2030, growing at a CAGR of 5.9% over the analysis period 2024-2030. Hospitals, one of the segments analyzed in the report, is expected to record a 6.4% CAGR and reach US$5.2 Billion by the end of the analysis period. Growth in the Diagnostic Laboratories segment is estimated at 5.6% CAGR over the analysis period.

The U.S. Market is Estimated at US$1.5 Billion While China is Forecast to Grow at 7.1% CAGR

The Medical Ultrasound Equipment market in the U.S. is estimated at US$1.5 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.5 Billion by the year 2030 trailing a CAGR of 7.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 4.8% and 4.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.2% CAGR.

Global Medical Ultrasound Equipment Market - Key Trends & Drivers Summarized

What Exactly Is Medical Ultrasound Equipment, and Why Is It Essential?

Medical ultrasound equipment, also known as diagnostic sonography or ultrasonography, is a critical diagnostic imaging technique that employs high-frequency sound waves to produce visual images of internal body structures such as muscles, joints, blood vessels, and internal organs. Unlike other imaging methods that rely on ionizing radiation, ultrasound uses sound waves, ensuring safety, particularly for sensitive groups such as pregnant women. The equipment operates by emitting sound waves that reflect off body structures; these echoes are then captured and transformed by a computer into visual images, or sonograms, that doctors use to diagnose and monitor various medical conditions.

How Have Recent Technological Advancements Transformed Ultrasound Equipment?

With the rapid evolution of medical technology, how has ultrasound equipment kept pace? Recent years have witnessed significant advancements that enhance the functionality and application of ultrasound machines. Today’s devices feature sophisticated technologies like 3D and 4D imaging, increased transducer sensitivity, and streamlined interfaces that simplify operations and reduce procedure times. The advent of portable ultrasound units has been particularly transformative, facilitating diagnostics in remote areas and at the point of care, thereby extending the reach of this essential medical tool.

Who Relies on Ultrasound Technology, and Where Is It Most Utilized?

In the vast field of healthcare, who benefits most from the use of ultrasound technology, and in what contexts is it indispensable? Ultrasound equipment is a cornerstone in many medical specialties, including radiology, obstetrics, and cardiology, offering critical insights that guide patient care. Emergency departments leverage portable units for quick, accurate assessments during critical situations, whereas obstetricians rely on them for regular fetal monitoring. The technology`s safety and non-invasive nature also make it ideal for pediatric applications and frequent monitoring, proving its versatility across various healthcare settings.

What Are the Driving Forces Behind the Booming Medical Ultrasound Equipment Market?

The growth in the medical ultrasound equipment market is driven by several factors. What are the key elements propelling this expansion? Technological breakthroughs such as the development of high-intensity focused ultrasound (HIFU) and the integration of artificial intelligence are revolutionizing diagnostic capabilities. An aging population and increasing instances of chronic ailments like cardiovascular diseases are amplifying the need for advanced diagnostic solutions. Additionally, the growing inclination towards minimally invasive procedures, which depend on precise imaging, and a heightened awareness of health issues among the general population are further fueling market growth. Together, these factors are setting a dynamic course for the future of ultrasound technology in medicine.

SCOPE OF STUDY:

The report analyzes the Medical Ultrasound Equipment market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Type (Diagnostic, Therapeutic); End-Use (Hospitals, Diagnostic Laboratories, Other End-Uses); Application (Radiology, Obstetrics/Gynecology, Cardiology, Vascular, Other Applications)

Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Select Competitors (Total 71 Featured) -

• B. Braun Melsungen AG
• Boston Scientific Corporation
• GE HealthCare PLC
• Hologic, Inc.
• FUJIFILM Holdings Corporation
• Konica Minolta, Inc.
• Koninklijke Philips N.V.
• EDAP TMS SA
• EDAN Instruments, Inc.
• BenQ Medical Technology Corporation
• BK Ultrasound
• Echo-Son SA
• Konica Minolta Healthcare
• Alpinion Medical Systems Co., Ltd.
• Draminski SA

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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