Diagnostic Ultrasound Market

Diagnostic Ultrasound Market Size

Diagnostic Ultrasound Market size was valued at around USD 7.8 billion in 2023 and is estimated to grow at 4.1% CAGR from 2024 to 2032. Diagnostic ultrasound, also known as sonography or ultrasonography, is a medical imaging technique that uses high-frequency sound waves to produce images of structures within the body.

It is commonly used to visualize muscles, tendons, and many internal organs, capturing their size, structure, and any pathological lesions with real-time tomographic images. This technique is widely favored because it is non-invasive, does not use ionizing radiation, and provides real-time imaging.

Increasing incidences of chronic diseases such as cancer, coupled with a surging geriatric population, will drive overall market growth. A wide range of applications in various domains, such as anesthesiology, gynecology, critical care, cardiology, and emergency conditions, will further propel market demand. Additionally, rising birth rates and technological advancements in ultrasound systems for improved patient management and care will benefit industry expansion.

Constant upgrades and innovations in technology have led to intense competition among players in the diagnostic ultrasound devices industry. For instance, in July 2024, GE HealthCare announced the acquisition of the clinical artificial intelligence (AI) software business of Intelligent Ultrasound Group PLC. GE HealthCare plans to integrate these innovative solutions into its ultrasound portfolio, thereby enhancing its capabilities with technology designed to improve workflows and ease of use for both clinicians and patients.

Diagnostic Ultrasound Market Trends

• Key trends in this market include the development of handheld and portable ultrasound devices, the integration of artificial intelligence (AI) to enhance diagnostic accuracy, and the rising adoption of 3D and 4D imaging techniques.
  
• Additionally, the shift towards value-based healthcare and the demand for minimally invasive diagnostic procedures are fostering the adoption of diagnostic ultrasound systems across healthcare settings globally.
  

Diagnostic Ultrasound Market Analysis

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Based on technology, the market is segmented into 2D, 3D and 4D, doppler. The doppler segment dominated the market with the largest revenue of USD 2.7 billion in 2023.

• Technological advancements, such as the development of portable and handheld Doppler devices, are making these tools more accessible and easier to use in various healthcare settings.
  
• Additionally, growing awareness of the importance of early diagnosis and the rising demand for minimally invasive diagnostic procedures are boosting the market. Hence, these factors are contributing to market growth.
  

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Based on portability, the diagnostic ultrasound market is bifurcated into trolley and compact/handheld. The trolley segment dominated the market and was valued at USD 5.3 billion in 2023.

• The growing emphasis on point-of-care diagnostics, where mobility is crucial, further boosts the adoption of trolley ultrasound systems.
  
• Additionally, the versatility of these systems in various applications, from general imaging to specialized fields such as obstetrics, gynecology, and musculoskeletal imaging, reinforces their demand across diverse medical disciplines.
  
• Hence, these factors are expected to drive growth in the segment over the forecast period.
  

Based on application, the diagnostic ultrasound market is segmented into general imaging, cardiology, OB/GYN, other applications. The general imaging segment held the largest revenue of USD 3.3 billion in 2023.

• The rising incidence of chronic conditions such as liver disease, kidney disorders, and abdominal pathologies necessitates comprehensive and non-invasive diagnostic tools, making general imaging ultrasound indispensable.
  
• Furthermore, the ongoing trend towards personalized medicine and the integration of AI and machine learning to enhance diagnostic capabilities are expected to sustain the growth and evolution of diagnostic ultrasound for general imaging.
  

Based on end-use, the diagnostic ultrasound market is segmented into hospitals, maternity centers, and other end-users. The hospitals segment held the largest revenue of USD 4 billion in 2023.

• The growing demand for minimally invasive diagnostic procedures and the increased focus on point-of-care testing in emergency and critical care settings are driving the adoption of ultrasound systems in hospitals.
  
• Furthermore, the expansion of healthcare infrastructure, particularly in emerging markets, along with increasing healthcare expenditures, further contributes to market growth.
  

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The North America diagnostic ultrasound market is forecasted to reach USD 3.8 billion by 2032. The U.S. dominated the North America market with the largest revenue of USD 2.4 billion in 2023.

• The region's advanced healthcare infrastructure supports the adoption of innovative ultrasound technologies, including portable and handheld devices, which enhance accessibility and convenience in various clinical settings.
  
• Moreover, the increasing emphasis on preventive healthcare and early diagnosis drives the demand for diagnostic ultrasound, as it is a non-invasive and cost-effective imaging modality.
  

The diagnostic ultrasound market in UK is expected to experience significant and promising growth from 2024 to 2032.

• The National Health Service (NHS) initiatives to reduce waiting times and improve diagnostic accuracy are significantly boosting the adoption of advanced ultrasound technologies.
  
• Additionally, the UK government's emphasis on minimally invasive procedures and patient-centered care also supports the increased use of diagnostic ultrasound across various medical disciplines.
  

Japan diagnostic ultrasound market is anticipated to witness lucrative growth between 2024 – 2032.

• Japan's aging population has led to an increased incidence of age-related conditions such as cardiovascular diseases, liver disorders, and musculoskeletal issues, necessitating advanced diagnostic tools like ultrasound.
  
• Additionally, Japan's robust healthcare infrastructure and high healthcare spending facilitate the adoption of cutting-edge medical technologies, including state-of-the-art ultrasound systems.
  

The diagnostic ultrasound market in Saudi Arabia is expected to experience significant and promising growth from 2024 to 2032.

• The country’s expanding healthcare infrastructure, supported by substantial government investments through initiatives like Vision 2030, aims to enhance healthcare services and accessibility.
  
• Furthermore, the influx of foreign healthcare providers and investments, along with the training of local healthcare professionals in advanced diagnostic techniques, is enhancing the overall quality of healthcare services and driving the adoption of diagnostic ultrasound in Saudi Arabia.
  

Diagnostic Ultrasound Market Share

The diagnostic ultrasound sector is competitive, featuring a mix of major global companies and smaller to medium-sized firms vying for market share. A key aspect of market strategy involves the continual introduction of innovations such as high-resolution imaging, advanced 3D medical imaging, artificial intelligence (AI) integration, elastography, and contrast-enhanced ultrasound (CEUS). Notably, prominent industry players exert considerable influence in this dynamic landscape, often driving advancements through substantial investments in research and development. Additionally, strategic alliances, acquisitions, and mergers are crucial for fortifying market positions and expanding global footprints amid evolving regulatory landscapes.

Diagnostic Ultrasound Market Companies

Some of the eminent market participants operating in the diagnostic ultrasound industry include:

• Canon Medical Systems Corporation
• Esaote SpA
• FujiFilm Holdings Corporation
• General Electric Company (GE Healthcare)
• Hologic, Inc.
• Koninklijke Philips N.V. (BioTelemetry, Inc.)
• Konica Minolta Inc.
• Samsung Electronics Co. Ltd.
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
• Siemens Healthineers AG}
  

Diagnostic Ultrasound Industry News:

• In May 2024, Samsung Electronics Co. Ltd. acquired Sonio SAS, a company specializing in fetal ultrasound AI software. This acquisition combined Sonio’s advanced AI capabilities with Samsung’s cutting-edge ultrasound systems, leading to the introduction of groundbreaking AI-enhanced workflows and driving innovation in prenatal care and patient outcomes. This strategic move significantly bolstered Samsung Electronics' presence in the healthcare sector, reinforcing its commitment to advancing medical technology and improving global health standards.
  
• In February 2023, GE HealthCare, a prominent innovator in global precision care, announced that it had signed an agreement to acquire Caption Health, Inc., a privately held leader in artificial intelligence (AI) healthcare. Caption Health specialized in developing AI-driven clinical applications designed to aid in early disease detection by facilitating ultrasound scans. The integration of Caption Health’s AI applications streamlined and expedited ultrasound examinations, enabling a wider range of healthcare professionals to perform basic echocardiogram exams more efficiently.
  

The diagnostic ultrasound market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:

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Market, By Technology

• 2D
• 3D and 4D
• Doppler

Market, By Portability

• Trolley
• Compact/handheld

Market, By Application

• General imaging
• Cardiology
• OB/GYN
• Other applications

Market, By End-use

• Hospitals
• Maternity centers
• Other end-users

The above information is provided for the following regions and countries:

• North America 
  • U.S.
  • Canada 
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
  • Poland
  • Austria
  • Switzerland
  • Norway
  • Finland
  • Sweden
  • Denmark
  • Netherlands
  • Rest of Europe 
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Taiwan
  • Indonesia
  • Vietnam
  • Rest of Asia Pacific 
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America 
• Middle East and Africa 
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa