Analyzing the Future of Ultrasound Systems Devices And Equipment Market Dynamics 2025-2034: Growth Rate, Trends, and Major Opportunities
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How has the ultrasound systems devices and equipment market grown over the years?
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.
What Is the forecasted market size and growth rate for the ultrasound systems devices and equipment market?
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.
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What are the major factors driving growth in the ultrasound systems devices and equipment market?
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.
What key areas define the segmentation of the global ultrasound systems devices and equipment Market?
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
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What are the top market players propelling the growth of the ultrasound systems devices and equipment industry?
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 key trends shaping the future of 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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What regions are dominating the ultrasound systems devices and equipment market growth?
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.
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