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Diagnostic Ultrasound Market - 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) & Global Forecast, 2023-2032
- Report ID: GMI1915
- Published Date: Feb 2023
- Report Format: PDF
Diagnostic Ultrasound Market Size
Diagnostic Ultrasound Market size crossed USD 7 billion in 2022 and is poised to depict over 4% CAGR through 2023-2032, given the high prevalence of chronic diseases such as breast cancer.
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Diagnostic ultrasound is considered a safe imaging procedure for the precise detection of a range of health conditions. With the growing burden of chronic diseases including cancer, the requirement for medical imaging techniques will grow. Based on the National Cancer Institute, in 2021, over 284,200 new breast cancer cases were reported in the U.S., boosting the demand for diagnostic breast ultrasound tests.
The reliance on ultrasound procedures for varied healthcare applications has been increasing steadily in developing economies. Considering their small size and reliability, ultrasound machines have also gained higher acceptance globally. However, the lack of skilled technicians and the resultant surge in patients’ waiting time may limit product acceptance. Furthermore, the high cost associated with machine maintenance and the dearth of technical support may hinder industry growth to some extent.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Diagnostic Ultrasound Market Size in 2022: | USD 7 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 4% |
| 2032 Value Projection: | USD 11 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 220 |
| Tables, Charts & Figures: | 370 |
| Segments covered: | Technology, Portability, Application, End-use and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Diagnostic Ultrasound Market Analysis
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Diagnostic ultrasound market value from the 2D technology segment was worth more than USD 2 billion in 2022, owing to the extensive product availability and affordability. 2D ultrasound is gaining ground as a gold standard for gestational care. There has also been a significant rise in pregnancy complications following the coronavirus outbreak. Such a trend will bolster the use of effective 2D ultrasound machines to monitor the ovaries and uterus during pregnancy. Additionally, the improved image quality and the delivery of reliable and fast outcomes will amplify the adoption of 2D ultrasound procedures.
In terms of portability, the diagnostic ultrasound market from trolley segment accounted for over 65.5% share of the diagnostic ultrasound industry in 2022, on account of the portable nature, making them easy to relocate across the healthcare facility. This enables professionals to diagnose severely ill and bedridden patients conveniently at their bedside, without affecting the quality of the treatment. Additionally, trolley-based devices are more economical than traditional ultrasound devices. This enables small public clinics, specialists, and general physicians to purchase separate devices according to their specific requirements, further bolstering product consumption.
Diagnostic ultrasound market share from the obstetrics/gynecology application segment is slated to depict over 4% CAGR from 2023 to 2032. This is driven by the mounting product adoption to monitor pregnancy and fetal wellbeing. Ultrasound examinations can also help view organs from different orientations. These attributes, alongside the rapid advancement in 4D and 3D imaging and transvaginal sonography, will add impetus to diagnostic ultrasound equipment development for obstetrics/gynecology applications.
Based on end-use, the diagnostic ultrasound market size from the maternity centers segment reached USD 1.5 billion in 2022, due to the rising number of births in developed nations. According to data from the CDC, in 2021, the general fertility and birth rates increased for the first time in seven years, registering over 3,659,289 births. These factors, alongside the high availability of ultrasound services in developing nations, will augment product adoption across maternity centers over the forecast period.
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North America held over 30.5% share of the diagnostic ultrasound market in 2022, as a result of the high prevalence of chronic diseases. As per statistics from the CDC, 6 in 10 Americans live with at least a chronic disease such as stroke, cancer, and diabetes. Over the years, R&D projects and spending related to healthcare have also surged. In addition, the emphasis on diagnostic system innovation will assert a positive influence on the production of diagnostic ultrasound systems across North America in the upcoming years.
Diagnostic Ultrasound Market Share
Some of the major players operating in the diagnostic ultrasound market include
- Canon Medical Systems Corporation
- Esaote SpA
- Fujifilm Holdings Corporation
- General Electric Healthcare
- Hologic, Inc.
- Konica Minolta Inc.
- Koninklijke Philips N.V.
- Samsung Electronics Co. Ltd.
- Siemens Healthineers AG
Companies are focusing on strategic product launches, among other strategies, to reinforce their market position.
Impact of COVID-19 Pandemic
The COVID-19 pandemic affected developed as well as developing economies and disrupted supply chains across the world. The healthcare sector was among the sectors most impacted by the escalating cases of COVID-19 infection. Increased hospital admissions of coronavirus patients caused the postponement of other treatment procedures. Despite the largely negative impact of the crisis in major sectors, the influence on the procurement of diagnostic medical devices such as ultrasounds was relatively moderate, especially during the early months of the outbreak.
The diagnostic ultrasound market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2018 to 2032 for the following segments: Click here to Buy Section of this Report
By Technology
- 2D
- 3D and 4D
- Doppler
By Portability
- Trolley
- Compact/Handheld
By Application
- General Imaging
- Cardiology
- Obstetrics/Gynecology
- Others
By End-use
- Hospitals
- Maternity Centers
- Others
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Poland
- Austria
- Switzerland
- Slovakia
- Czech Republic
- Norway
- Finland
- Sweden
- Denmark
- Benelux
- Others
- Asia Pacific
- Japan
- China
- India
- Australia
- South Korea
- Taiwan
- Indonesia
- Vietnam
- Cambodia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Others
Frequently Asked Questions (FAQ) :
Diagnostic Ultrasound Market Scope
