Europe Ultrasound Devices Market Size, Share & Trends Analysis Report By Product (Diagnostics Ultrasound Devices, Therapeutics Ultrasound Devices), By Portability, By Application, By End-use, And Segment Forecasts, 2024 - 2030

Europe Ultrasound Devices Market Size, Share & Trends Analysis Report By Product (Diagnostics Ultrasound Devices, Therapeutics Ultrasound Devices), By Portability, By Application, By End-use, And Segment Forecasts, 2024 - 2030

Europe Ultrasound Devices Market Growth & Trends

The Europe ultrasound devices market size is expected to reach USD 3.56 billion by 2030, growing at a CAGR of 4.58% over the forecast period, according to a new report by Grand View Research, Inc. Growth can be attributed to the technological advancements in ultrasound imaging systems, the growing use of diagnostic imaging, and the increasing adoption of ultrasound devices. Moreover, government initiatives and healthcare reforms aimed at improving access to healthcare services are expected to propel growth.

Innovations such as 3D/4D imaging, portable ultrasound systems, and AI-powered diagnostics are enhancing the capabilities & efficiency of ultrasound technology. These advancements improve diagnostic accuracy, increase patient comfort, and streamline workflow processes, leading to higher adoption of ultrasound devices in the region. Moreover, the increasing prevalence of chronic diseases in Europe, such as cardiovascular diseases, cancer, and musculoskeletal disorders, and the rising geriatric population are expected to drive the ultrasound devices market growth.

European manufacturers are investing in innovation to stay competitive and meet evolving healthcare needs. They are integrating diverse advanced technologies, such as robotics, telemedicine platforms, and cloud-based solutions, to enhance connectivity, data sharing, and remote monitoring capabilities, aiming to introduce new features and improve image quality. For instance, in July 2023, Canon Medical Systems Europe introduced two new ultrasound systems, Aplio Go and Aplio Flex, in Europe. These compact devices feature the ApliGate tool for remote image sharing and are easy to move around the radiology department. In addition, they are integrated with AI applications, such as Auto EF and Auto IMT.

Europe Ultrasound Devices Market Report Highlights

• The diagnostic ultrasound devices dominated the product segment with an 84.1% share in 2023. Growth can be attributed to the high preference for noninvasive diagnoses, cost-effectiveness, and the aging population of the region.
• The cart/trolley in the portability segment accounted for the largest revenue share in 2023 due to the flexibility and portability of cart/trolley-based ultrasound machines.
• Germany held a significant share of the European market in 2023. This growth can be attributed to the increasing investments in advanced medical equipment, rising geriatric population, and growing awareness about the benefits of early diagnosis.
• The market is characterized by a moderate level of product substitutes, such as MRI, CT SCAN, endoscopy, and nuclear medical imaging.

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