Diagnostic Ultrasound Market Size, By Technology (2D, 3D and 4D, Doppler), By Portability (Trolley, Compact/Handheld), By Application (General Imaging, Cardiology, Obstetrics/Gynecology), By End-use (Hospitals, Maternity Centers), Regional Outlook, Indust

Diagnostic Ultrasound Market Size, By Technology (2D, 3D and 4D, Doppler), By Portability (Trolley, Compact/Handheld), By Application (General Imaging, Cardiology, Obstetrics/Gynecology), By End-use (Hospitals, Maternity Centers), Regional Outlook, Industry Analysis Report, Growth Potential, Competitive Market Share & Forecast, 2023 - 2032

Diagnostic Ultrasound Market size is anticipated to witness considerable boost through 2032 owing to the increasing birth rates in developing countries such as India and China. Diagnostic ultrasound devices are used extensively for detecting fetal disabilities during pregnancy. The ability of diagnostic ultrasound systems to detect anomalies in the baby's position and actions inside the mother's womb is estimated to propel its adoption in the coming future.

Product innovations in the field will further support the market growth. For instance, in February 2022, Philips introduced Lumify, a portable point-of-care ultrasound device, to broaden its ultrasound product line and include enhanced hemodynamic monitoring and assessment capabilities. The product assists clinical practitioners to measure blood flow in several point-of-care diagnostic settings, including cardiology, abdomen, vascular, obstetrics, urology, and gynecology.

Overall, the diagnostic ultrasound industry is segmented in terms of technology, portability, application, end-use, and region.

Based on technology, the doppler segment is slated to amass considerable gains over the next 10 years driven by the technology’s use for estimating blood flow and pressure. Besides, doppler ultrasound also boasts of benefits including detecting blockage in arteries around neck, legs, and arms and diagnosing blood clots in veins in legs. Apparently, the product can also be used as a substitute in various invasive procedures.

By portability, the Compact/Handheld segment will grow considerably through 2032. Increasing demand for smaller and lighter diagnostic ultrasound systems will bolster the sales of compact/handheld diagnostic ultrasound devices. Besides, the increasing adoption of compact ultrasound devices in healthcare settings such as emergency rooms, intensive care units, and operating rooms will positively impact segmental progress.

Considering the application, the cardiology segment held a considerable market share in 2022. The mounting use of ultrasound in cardiovascular patients, coupled with the increasing burden of cardiovascular diseases, will assist the segmental growth in the future.

By end-use, the hospitals segment is slated to depict strong growth during the estimated timeframe. Increasing adoption of ultrasound systems in hospitals and several favorable applications in early disease diagnosis for determining disease progression will enhance product demand across the sector. Increasing patient preference for hospital treatments owing to the presence of skilled healthcare professionals and advanced equipment in hospital settings will positively favor business expansion.

Regionally, the Asia Pacific diagnostic ultrasound market accounted for over USD 1.5 million in 2022 and is slated to demonstrate considerable growth during the estimated timeframe. Increasing geriatric population base and enhanced healthcare infrastructure are key factors stimulating the industry outlook.

A favorable regulatory scenario for medical modalities for superior patient care will also boost regional growth during 2023-2032.