In-Depth Insights into the Ultrasound Systems Devices And Equipment Market: Growth, Trends, and Opportunities for 2025-2034
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What Are the Projected Expansion Rates of the Ultrasound Systems Devices And Equipment Market for the Next Decade?
The market for ultrasound systems devices and equipment has consistently expanded over the recent years. The market size is anticipated to increase from $10.69 billion in 2024 to $11.12 billion in 2025, marking a compound annual growth rate (CAGR) of 4.1%. The expansion during the historic period is attributed to factors such as non-invasive and radiation-free imaging, care for prenatal and obstetric procedures, applications in cardiology and vascular sectors, as well as the use of point-of-care and mobile devices.
In the coming years, consistent growth is anticipated in the market size for ultrasound systems devices and equipment. The market is projected to expand to a size of $12.86 billion in 2029, demonstrating a compound annual growth rate (CAGR) of 3.7%. This prospective growth within the forecast period can be credited to the evolution of emerging markets, regulatory backing and reimbursements, telemedicine as well as remote consultations, and value-based healthcare. Key trends that will gain prominence in the forecast period encompass the integration of artificial intelligence (AI), the advent of handheld and wireless ultrasound devices, 3D/4D imaging, as well as fusion imaging.
Which Major Market Drivers Are Expected to Boost the Ultrasound Systems Devices And Equipment Market’s Growth Potential?
The augmentation of the ultrasound systems device and equipment market is propelled by both government and private investments in ultrasonic device manufacturing firms. The capital injected by both private corporations and government entities equips these manufacturing firms with sufficient resources to carry out research and development, and to produce innovative and advanced ultrasound devices. Notably, Chinese ultrasonic corporations such as Sonoscape, Mindray, and SIUI have prospered due to an initiative by the government designed to fortify local manufacturers. Furthermore, Signostics Ltd, an Australian ultrasound device producer, is set to receive a $35 million investment from private equity firm KKR. Such financing serves not only to spur innovation but also to strengthen the market.
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Which Companies Are Redefining the Future of the Ultrasound Systems Devices And Equipment Market?
Major companies operating in the ultrasound systems devices and equipment market include GE HealthCare, Siemens Healthineers, Philips Healthcare, Mindray Medical International Ltd, Fujifilm Holdings Corporation, Hitachi Ltd, Toshiba Corporation, Samsung Electronics, Canon Medical Systems, Hologic Inc., Shantou Institute of Ultrasonic Instruments Co. Ltd, Analogic Corporation, Esaote S.p.A, Carestream Health, CHISON Medical Technologies Co.Ltd., Mobisante, Fukuda Denshi Co. Ltd, Echometrix, Butterfly Network, ProDiagnose, eXo Imaging, Teenyco, Sonosite, AnaSonic Bio-Medical, SonoScape, Roop Ultrasonix Ltd., Zonare Medical Systems, B K Medical ApS, Clarius Mobile Health, ContextVision AB, Delsona Therapeutics Inc., Edan Instruments Inc., Healcerion, KPI Healthcare, Laborie Medical Technologies Corp., Promed Group Co. Ltd., Shenzhen Mindray Bio-Medical Electronics Co. Ltd., Terason
What Are the Most Prominent Trends Driving Change in the Ultrasound Systems Devices And Equipment Market?
The emergence of 3D/4D Ultrasound Devices is a current trend that’s set to revolutionize the ultrasound device and equipment market. These devices built with 3D/4D technology offer superior real-time imaging of internal anatomy or a fetus, even granting the ability for real-time volume imaging. This advancement could also prove beneficial during intricate surgical procedures. Furthermore, the 3D/4D ultrasound machine promises enhanced image visualization, reduction in examination duration, and lessens strain injury during surgery. Toshiba’s Aplio i900 Ultrasound machine is an example that employs the use of 3D/4D technology.
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Which Key Segments of the Ultrasound Systems Devices And Equipment Market Are Poised for Growth and Innovation?
The ultrasound systems devices and equipment market covered in this report is segmented –
1) By Type: Diagnostic Ultrasound Systems, Therapeutic Ultrasound Systems
2) By End User: Hospitals, Diagnostic Imaging And Surgical Centers, Ambulatory surgical centers (ASCs), Clinics
3) By Product: A-Mode, B-Mode Or 2D Mode, C-Mode, M-Mode, Doppler Mode, Pulse Inversion Mode, Harmonic Mode
Subsegments:
1) By Diagnostic Ultrasound Systems: 2D Ultrasound Systems, 3D and 4D Ultrasound Systems, Doppler Ultrasound Systems
2) By Therapeutic Ultrasound Systems: High-Intensity Focused Ultrasound (HIFU) Systems, Extracorporeal Shockwave Lithotripsy (ESWL) Systems, Low-Intensity Pulsed Ultrasound (LIPUS) Systems
What Are the Leading Regions in the Ultrasound Systems Devices And Equipment Market Expansion?
Western Europe was the largest region in the global ultrasound systems devices and equipment market in 2023. North America was the second-largest region in the ultrasound systems devices and equipment market report. The regions covered in the ultrasound systems devices and equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Are the Core Features That Define the Ultrasound Systems Devices And Equipment Market?
Ultrasound systems, devices, and equipment are advanced medical imaging technologies that use high-frequency sound waves to create real-time images of the internal structures of the body. It allows healthcare professionals to assess organ function, detect abnormalities, guide biopsies, and monitor the development of conditions such as tumors.
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