Global demand for ultrasound equipment market is growing steadily and is expected to grow to USD 12.93 billion by 2028 at a CAGR of over 7.5%, according to Fortune Business Insights

According to Fortune Business Insights, the global ultrasound equipment market size is expected to reach USD 12.93 billion by 2028, at a CAGR of 7.5% during the forecast period, with key players expected to focus on establishing partnerships to intensify competition

The size of the global ultrasound equipment market was USD 7.26 billion in 2020. The market is expected to grow from USD 7.80 billion in 2021 to USD 12.93 billion in 2028 with a CAGR of 7.5% over the period 2021-2028. This information is provided by Fortune Business Insights™, in its report titled “Ultrasound Equipment Market, 2021-2028”.

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According to our analysts, ultrasound uses high-frequency sound waves to take images of functional structures, which are then interpreted by healthcare experts to identify irregularities in a patient. This equipment is used to analyze many chronic diseases associated with crucial parts of the body such as blood vessels in the abdomen, heart, joints and others.

Medical ultrasound is also known as ultrasonography and is considered one of the safe and non-invasive analytical procedures to inspect internal organs.

Ultrasound devices consist of a computer console, video monitor, and attached transducer. The transducer is a small, hand-held device that looks like a microphone. Some exams may use different transducers

Regional outlook

Asia-Pacific held the maximum ultrasound equipment market shares and was worth USD 2.82 billion in 2020. The growth of this region is attributed to the relentless focus of key companies on new product expansion in the region .

The North America region held the second global market share in 2020 owing to the increase in the sales quantities of these gadgets.

Europe is estimated to document a considerable CAGR over the forecast period owing to the widening patient pool of the geriatric population going through prolonged conditions, coupled with the existence of a well-established baseline in healthcare in countries such as the UK, Germany and other leading countries. .

industry development

June 2020:Koninklijke Philips NV, said healthcare institutions in Japan allow Lumify, which is its wearable solution. The company further intends to market its high-quality portable ultrasound device, which is available virtually everywhere in Japan.

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Drivers and Restrictions

Introduction of artificial intelligence (AI) to drive the potential of the ultrasound equipment market

Few leading players in the market place emphasis on the development of progressive devices and systems incorporating artificial intelligence (AI). This incorporation is advocated to address and resolve the specific limitations related to orthodox devices such as the long period of time consumed to conduct the survey, low image superiority in explicit cases, high reliance on operators to obtain and infer pictures, etc

Hence, the presentation of innovative systems with artificial imaging by prominent players is expected to support the growth of the market over the coming years.

Developed economies account for a large share of the market, attributed to rising prevalence of various diseases, well-developed healthcare infrastructure, easy reimbursement, and government support for technological developments. Economic growth, rising healthcare expenditures and improved standards of healthcare facilities are expected to fuel the demand for new equipment in developing markets.

Information for each supplier includes:

  • Company Profile
  • SWOT analysis
  • Key Market Insights
  • Market share


On the basis of product, the ultrasound market is divided into tabletop and compact systems. The tabletop segment held the maximum market share in 2020 due to the higher acceptance rate of tabletop equipment in hospitals and clinics along with its moderately lower cost than compact systems.

In terms of application, the global market is categorized into radiology, gynecology, cardiology, point of care, urology, surgery, and others.

By end user, the market is branched into hospitals and clinics.

Geographically, the global market is further classified into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

List of Key Players Covered in the Report

  • GE Healthcare (Chicago, USA)
  • Koninklijke Philips NV (Amsterdam, The Netherlands)
  • Hitachi (Tokyo, Japan)
  • Siemens Healthcare (Erlangen, Germany)
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (Shenzhen, China)
  • Samsung Medison Co., Ltd. (Suwon-si, South Korea)
  • Esaote (Genoa, Italy)


  • Introduction
  • Search scope
  • Segmentation of the ultrasound equipment market
  • Research Methodology
  • Definitions and assumptions
  • Summary
  • Market dynamics
  • Market factors
  • Market constraints
  • Market opportunities
  • key ideas
  • Value chain
  • Mergers, acquisitions, partnerships, etc.
  • Impact of Covid-19 on the market
  • Global Ultrasound Equipment Market Analysis, Outlook and Forecast (Revenue and Volume), 2017 – 2028
  • Main results/summary
  • Market Revenue (USD Billion) and Volume (Units) Analysis, Outlook and Forecast by Product
  • Compact
  • table top
  • Market Revenue (USD Billion) and Volume (Units) Analysis, Outlook and Forecast by Application
  • Radiology
  • Gynecology
  • Cardiology
  • point of service
  • Urology
  • Operation
  • Others (interventional radiology, veterinary)
  • Market Revenue (USD Billion) and Volume (Units) Analysis, Overview and Forecast by End User
  • Hospitals
  • Clinics
  • Market Revenue (USD Billion) and Volume (Units) Analysis, Outlook and Forecast by Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Table of Contents Continue…!

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About Us:

Fortune Business Insights™ provides accurate data and innovative business analytics, helping organizations of all sizes make the right decisions. We tailor innovative solutions to our clients, helping them address a variety of challenges unique to their businesses. Our goal is to provide them with global market intelligence, providing them with a granular overview of the market in which they operate.

Based on service, the US global home healthcare market is segmented into skilled nursing, rehabilitation therapy, hospice and palliative care, unskilled care, respiratory therapy, infusion therapy, and pregnancy care. The skilled nursing care segment held the largest market share in 2020. However, the hospice and hospice care segment is expected to dominate the market by 2028. The hospice and hospice care segment is expected to grow over the course of the forecast period due to the increase in jobs and services for nurses. and caregivers. The increasing advancements in medical devices are helping to provide training for nurses to improve their skills.


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To see the original version on The Express Wire, visit Global demand for ultrasound equipment market is growing steadily and is expected to grow to USD 12.93 billion by 2028 at a CAGR of over 7.5%, according to Fortune Business Insights

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