Global Ultrasound Equipment Market Report and Forecast 2025-2034

News and Developments in the Market

In March 2023, North-western Medicine and Google announced their collaboration to provide foetal ultrasound equipment to developing countries. They will be combining artificial intelligence with a cost-effective handheld device and a smartphone.

The aim of the product is easy to access and in-home usage for assessing the foetus. The artificial intelligence will be designed to analyse the images of professionals or pregnant people.

It is recommended by World Health Organisation that an ultrasound check-up should be done within 24 weeks of pregnancy. The increasing awareness will make people adopt handheld machines for regular check-ups of the foetus and add further growth to the ultrasound equipment market.

In March 2023, Wipro GE Healthcare announced a new manufacturing plant in India, with an investment of over INR 100 crores. The new plant of Wipro GE aims to boost the availability of medical devices by manufacturing them locally.

It is set up to provide 24/7 manufacturing of devices like CT machines, Ultrasound Devices, cathlab devices, and ventilators, among others. With the increased availability of equipment, the number of services in healthcare centres will rise. It will help Wipro GE increase its ultrasound equipment market share.

In November 2021, Canon Medical announced that they would be supporting the iLead (innovative Liver, Elasticity, Attenuation and Dispersion) study. The study aims to evaluate by comparing quantitative ultrasound imaging tools and liver biopsy. The study involved non-invasive and safe tools available in the Aplio Liver package provided by Canon Medical.

The invasive procedures tend to be costly, creating financial complications, which in turn propels the development of non-invasive ultrasound tools. The Aplio system now consists of three technologies providing imaging of the liver in a daily routine.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

The Rising Cases of Chronic Diseases, Rapid Technological Development, and Increased Government to be Among the Major Factors Propelling the Market Growth

Ultrasound machines use high-frequency sound waves, sending them in the body, which reflects off the body parts. The computer then receives the feedback to form an image of the organs inside. The images are used to examine body parts like the heart, liver, kidney, and abdomen, among others, to diagnose chronic disorders.

The major market trends aiding the market growth include the following:

• The cases of chronic diseases are increasing worldwide, increasing the importance of ultrasound. It helps diagnose any possible disorders in the body's internal organs.

• It is also utilised to examine the development of a foetus. This rising prevalence of diseases and demand for diagnosis is a key driver for the growth of the global ultrasound equipment market.

• The technology is developing rapidly and helping physicians perform better diagnoses with the implementation of artificial intelligence. Companies are raising their focus in the development of new technologies, and this can further propel the ultrasound equipment market development.

• Governments are aiming to improve healthcare by increasing the funding for research and development and collaboration between private organisations sectors.

• Through this collaborative effort, new products, novel medications, and advanced machines will be launched in the market. And with the help of innovative advertisement, the awareness about these products among people is rising. Thus, supporting the development of the global ultrasound devices market.

Implementation of AI, Developing Health Infrastructure, and Increasing Adoption of Handheld Devices to Offer Significant Growth Opportunities to the Market for Ultrasound Equipment

Enhanced Functionality with AI

With the increasing implementation of Artificial Intelligence in ultrasound equipment, manufacturers are developing new models with improved functionality for easy assessment. This gives the market plenty of opportunities for development.

Rising Infrastructure in Developing Countries

The developing nations are bolstering their healthcare infrastructure, noticing the rising prevalence of diseases and lacking equipment. This presents the established players with great opportunities to expand their influence, while strengthening their position in the market.

Portable and Handheld Devices Rising in Popularity

With increasing awareness among people for early diagnosis and periodic check-ups during pregnancy, handheld devices will witness growth in the ultrasound equipment market. This rise will create new opportunities for this segment in the market.

Hardware Failure, Prior Medical Training, Costly Equipments to be Some of the Major Factors Impeding the Market Growth

Hardware Failures and Repair Can be Costly

Hardware complications frequently occur in ultrasound devices, especially the complications found in the imaging machine. These issues can halt the work and disturb the work progress. Sometimes the only way to resume work is to replace the piece of hardware.

Prior Medical Training for Proper Utilisation

Some degree of training and prior medical knowledge is necessary for properly utilising the equipment to scan the body part. The lack of professionals has been a major challenge for the growth of the global ultrasound equipment industry.

Costly Novel Ultrasound Technologies

The ultrasound equipment is advancing in technology, which is affecting the price to rise significantly. Small healthcare providers are more likely to purchase refurbished equipment as the new equipment’s cost can be hefty to afford.

Global Ultrasound Equipment Market Analysis

The ultrasound equipment market can be analysed on the basis of technology, device display, probability, applications, end uses, and major regions.

Market Breakup by Technology

• Diagnostic Ultrasound
• Therapeutic Ultrasound

Market Breakup by Device Display

• Colour Ultrasound
• B/W Ultrasound

Market Breakup by Portability

• Trolley/Cart-based Ultrasound Systems
• Compact/Handheld Ultrasound Systems
• Point-of-care (PoC) Ultrasound Systems

Market Breakup by Application

• Radiology/General Imaging
• Obstetrics/Gynecology
• Cardiology
• Urology
• Vascular
• Orthopedic and Musculoskeletal
• Pain Management
• Others

Market Breakup by End User

• Hospitals, Surgical Centers, and Diagnostic Centers
• Maternity Centers
• Ambulatory Care Centers
• Research and Academics
• Others

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Major Technologies Include Diagnostic Ultrasound and Therapeutic Ultrasound

The market segments, based on technology, include diagnostic ultrasound and therapeutic ultrasound. The ultrasound equipment technology has developed significantly and is being applied in a broad spectrum of conditions, providing higher definition images. With the pandemic shaking the healthcare infrastructure, the importance of early diagnosis has grown, propelling the ultrasound equipment market development.

The diagnostic ultrasound sends sound waves in the body and records the feedback to create an image of the structure within the body. It is the most common method of ultrasound diagnosis and is very helpful in identifying abnormalities for treatment. It is likely to improve the value of the ultrasound equipment market forecast. There are further divisions in this segment, including 2D ultrasound, Doppler ultrasound, and 3D and 4D ultrasound.

The therapeutic ultrasound technology is applied in physiotherapy to relieve pain and accelerate healing of tissues. The therapeutic ultrasound treatment can treat sports injuries and joint pain. This segment can be further divided into high-intensity focused ultrasound (HIFU) and extracorporeal shockwave lithotripsy (ESWL). The increasing adoption of ultrasound technologies for multiple applications can enhance the market size.

The Device Display Types Include Black and White Ultrasound and Colour Ultrasound

By device display, the segments include colour ultrasound and black and white ultrasound. The colour display segment in the market will grow faster as it helps quantitatively compare regions due to the increased image quality. The black and white ultrasound display is generally used to observe a developing foetus, muscles and tendons, and internal organs.

Trolley/Cart-Based Ultrasound Systems, Point-of-Care (POC), and Compact/Handheld Ultrasound Systems are the Segments Based on Probability

Based on probability, the market can be segmented into trolley/cart-based ultrasound systems, point-of-care (POC), compact/handheld ultrasound systems. The trolley/cart-based ultrasound system segment is expected to account for a significant share of the market. It is widely being adopted by medical service providers and hospitals for emergency situations. The compact/handheld segment is projecting the most growth potential due to the flexibility they provide with diagnosis and instant results.

Many major manufacturers have started developing and delivering the equipment to the market. The handheld and portable are much more affordable than the standard machines and are way less bulky. This makes it practical for independent practitioners, physicians, and specialists to buy.

With the increasing prevalence of trained professionals, the market for this segment is expected to proliferate. Point-of-care ultrasound is a diagnosis performed by physicians or specialists at the bedside, ambulance, or wherever the patient is. It is standard practice for emergency situations, obstetric, musculoskeletal treatment, and other situations where the patient may be unable to move.

Ultrasound Equipment is Used in Radiology/General Imaging, Obstetrics/Gynaecology, Cardiology, Urology, Vascular, Orthopaedic, Musculoskeletal, and Pain Management

The segments of applications in the market include radiology/general imaging, obstetrics/gynaecology, cardiology, urology, vascular, orthopaedic, musculoskeletal, and pain management, among others. Ultrasound equipment in radiology/general imaging takes multiple images of internal body parts, allowing doctors to analyse and treat the disease. The imaging is done several times, allowing proper treatment and medicine administration planning.

The growing cases of chronic diseases is expected to increase the demand for imaging while propelling the market growth. The obstetric/gynaecology segment uses ultrasound equipment to capture pictures of the foetus in a pregnant woman. The latest advancements in ultrasound make it possible for physicians to assess the development of the foetus more accurately.

Ultrasound assessment is recommended by WHO to ensure proper care during the development of the baby. The rising awareness among people for diagnosis and assessment can aid the ultrasound equipment market expansion. The cardiology, urology, vascular, orthopaedic, musculoskeletal, and pain management segment.

The Equipment Finds End-Uses in Hospitals, Surgical Centres, Diagnostic Centres, Maternity Centres, Ambulatory Care Centres, Research and Academics

Hospitals are the leading end-users owing to the rising number of patients. The emerging nations are developing their health infrastructure and healthcare facilities, and this will raise the demand further. They use the ultrasound equipment for various purposes from diagnosis to therapeutic applications and sterilisation.

Diagnosis centres and maternity centres are growing in number, and it is rising steadily as a user. This rise is due to the growing awareness among people for early assessment and increasing prevalence of chronic diseases.

Institutes are increasing the utilisation of ultrasound as the technology advances. The implementation of ultrasound can drastically improve the accuracy of data collected for research and academics.

With the growing prevalence of chronic disorders and developing society the need for fast medical service is crucial. To support the need, ambulatory care centres have started utilising portable ultrasound equipment for better care of patients.

Surgical centres use ultrasound for minimally non-invasive operations. The whole procedure is carried out with the help of ultrasound imaging. Although, a certain level experience is required in endoscopic procedures before operating with this method.

Major Regional Markets Covered in the Global Ultrasound Equipment Market Report

The regional markets for the product include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The market for ultrasound has been growing in North America. The growth can be attributed to the early adoption of advanced technologies and the increasing prevalence of chronic diseases.

The government is taking initiatives to provide safe and cost-effective equipment with new and favourable policies to promote awareness of timely assessment.

The demand is rising rapidly, compelling the emerging nations to increase their emphasis on improving their healthcare infrastructure. Furthermore, COVID-19 has shaken the healthcare infrastructure of multiple countries. Due to that, governments are increasing funding for research and development to solidify their infrastructure.

China is considered a significant manufacturer of ultrasound devices, providing cost-effective equipment. The ultrasound equipment market in India is developing rapidly due to the focus on research and development. Major players like Siemens Healthcare, FUJIFILM, and more, are establishing plants in India, looking at the untapped market opportunities.

Technological advancements and innovations for portable machines and improved image quality are increasing the utilisation of the product. They are crucial in carrying out a better treatment plan for patients, which is why their demand is rising and aiding the global ultrasound equipment market.

Competitive Landscape