Global Ultrasound Equipment Market
Ultrasound Equipment Market

Report ID: SQMIG35A2969

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Ultrasound Equipment Market Size, Share, and Growth Analysis

Global Ultrasound Equipment Market

Ultrasound Equipment Market By Product (Compact and Tabletop), By Application (Radiology, Gynecology, Cardiology, Point of Care, Urology, Surgery, and Others), By End User (Hospitals and Clinics), By Region -Industry Forecast 2026-2033


Report ID: SQMIG35A2969 | Region: Global | Published Date: July, 2025
Pages: 178 |Tables: 91 |Figures: 71

Format - word format excel data power point presentation

Ultrasound Equipment Market Insights

Global Ultrasound Equipment Market size was valued at USD 10.27 Billion in 2024 poised to grow between USD 11.03 Billion in 2025 to USD 19.52 Billion by 2033, growing at a CAGR of 7.4% in the forecast period (2026–2033).

The global surge in chronic illnesses such as cardiovascular diseases, cancer, and liver and kidney disorders has significantly intensified the need for early, accurate, and continuous diagnostic imaging. Ultrasound equipment plays a critical role due to its real-time imaging capabilities, safety (no ionizing radiation), and cost-effectiveness. As healthcare providers strive to detect diseases at early stages and monitor ongoing treatment, the reliance on ultrasound systems grows. This consistent clinical demand leads hospitals, diagnostic centers, and clinics to expand their ultrasound capacity, thereby directly driving the growth of the global ultrasound equipment market.

Ongoing innovations in ultrasound technology—such as AI-assisted imaging, 3D/4D capabilities, elastography, and portable or handheld devices—are redefining the diagnostic landscape. These enhancements improve image clarity, diagnostic accuracy, and user efficiency while expanding usability across specialties like cardiology, obstetrics, and emergency care. Furthermore, portability allows for point-of-care use in rural areas and home healthcare settings, broadening access. As a result, healthcare providers are increasingly adopting modern ultrasound systems to enhance patient care, reduce diagnostic times, and improve outcomes. These advancements act as a key trend driving the global ultrasound equipment sector.

What Efficiency Gains Enabled by AI-Powered Ultrasound Systems?

Artificial intelligence is transforming ultrasound imaging by enhancing diagnostic accuracy and automating complex tasks. AI-powered systems assist clinicians in capturing optimal images, identifying abnormalities, and reducing operator dependency. This increases efficiency and enables faster diagnoses, especially in high-demand settings. As a result, healthcare facilities are more inclined to invest in AI-integrated ultrasound equipment. A notable development includes GE HealthCare’s Vscan Air with AI-enabled image guidance, which helps even non-specialists perform accurate scans. This capability expands ultrasound use in primary care and rural settings, indirectly increasing market reach while directly influencing demand for smart, portable, and user-friendly ultrasound devices.

In April 2024, GE HealthCare launched its AI-enhanced Voluson Signature 20 and 18 ultrasound systems, integrating features like voice-activated “Hey Voluson,” AI-guided fetal anatomy annotation (reducing exam time by ~40%), pelvic-floor automation, fibroid mapping, and fetal heart assessment—streamlining workflows, boosting diagnostic accuracy, and expanding adoption in women’s health globally.

Market snapshot - 2026-2033

Global Market Size

USD 9.56 Billion

Largest Segment

Tabletop

Fastest Growth

Compact

Growth Rate

7.40% CAGR

Global Ultrasound Equipment Market 2026-2033 ($ Bn)
Country Share by North America 2025 (%)

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Ultrasound Equipment Market Segments Analysis

The global ultrasound equipment market is segmented based on product, application, end user, and region. In terms of product, the market is bifurcated into compact and tabletop. Based on application, the market is grouped into radiology, gynecology, cardiology, point of care, urology, surgery, and others. Based on end user, the market is bifurcated into hospitals and clinics. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Central & South America and the Middle East & Africa.

What Kind of Imaging Quality do Tabletop Ultrasound Systems Offer?

Based on the global ultrasound equipment market forecast, tabletop ultrasound systems dominate the industry due to their balance of portability, high imaging quality, and multi-application versatility. Recent innovations include AI-powered automation, 3D/4D imaging, and ergonomic designs, making them ideal for hospitals and outpatient clinics. Their ability to support multiple probes and integrate into digital health systems enhances workflow efficiency, driving widespread use. This combination of performance and adaptability underpins their leading position in the ultrasound equipment market.

Compact ultrasound systems are poised for fastest growth the global ultrasound equipment market due to their portability, affordability, and versatility. Ideal for point‑of‑care applications—emergency rooms, ambulances, remote clinics—they enable rapid diagnostics without bulky infrastructure. Advances in battery life, AI-enabled guidance, and smartphone/device integration amplify their utility, fueling widespread adoption across diverse healthcare settings.

What Kinds of Conditions are Diagnosed Using Ultrasound in Radiology?

Radiology applications dominate the global ultrasound equipment market because they address the broadest spectrum of diagnostic needs—tumors, organ assessments, and interventions—across hospitals’ general imaging departments. Innovations such as AI-enhanced 3D/4D imaging, robotic-assisted scanning, and integration with augmented reality for biopsy guidance have improved accuracy and efficiency. Consequently, radiology departments increasingly invest in advanced ultrasound systems, reinforcing radiology’s leading 30–43% market share and solidifying its dominant position.

Gynecology-focused ultrasound is the fastest-growing segment in the global ultrasound equipment market due to rising prevalence of disorders like PCOS, fibroids, and endometriosis—paired with increased reproductive health awareness—drives demand for non-invasive diagnostics. Coupled with AI-enhanced 3D/4D imaging and portable devices, gynecological scans are increasingly accessible, improving early detection and fueling rapid market adoption.

Global Ultrasound Equipment Market By Product 2026-2033 (%)

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Ultrasound Equipment Market Regional Insights

What Type of Infrastructure Supports North America’s Market Leadership?

As per the global ultrasound equipment market analysis, North America dominates the industry due to its advanced healthcare infrastructure, early adoption of AI-integrated imaging, and growing prevalence of chronic diseases. The region sees high demand for portable and point-of-care ultrasound systems in emergency and outpatient settings. Supportive reimbursement policies, strong presence of key players like GE HealthCare, and continuous innovation further strengthen North America’s position as a leading contributor to global ultrasound equipment revenues.

US Ultrasound Equipment Market

The U.S. is the largest contributor to North America’s ultrasound equipment market, driven by advanced healthcare infrastructure and high investment in medical technology. Growing chronic disease prevalence and aging demographics increase demand for diagnostic imaging. Innovation in AI-powered and portable ultrasound systems enhances clinical efficiency. Major companies like GE Healthcare and Philips lead product development and adoption, solidifying the U.S. as a market leader in ultrasound equipment.

Canada Ultrasound Equipment Market

Canada’s ultrasound equipment market grows steadily due to increased healthcare funding and rising chronic illness rates. The government’s focus on expanding diagnostic imaging accessibility supports ultrasound adoption in hospitals and clinics. Technological advancements like AI integration and portable systems boost use, especially in remote areas. Though smaller than the U.S., Canada’s market benefits from strong public healthcare infrastructure and rising demand for non-invasive diagnostic tools, contributing notably to North America’s overall growth.

What Demographic Trend Contributes to Europe’s Market Growth?

Europe’s ultrasound equipment market is fastest growing due to rising chronic disease prevalence and an aging population. Technological innovations such as AI integration, 3D/4D imaging, and portable devices enhance diagnostic capabilities. Germany, the UK, France, and Italy lead regional demand, supported by well-established healthcare systems and increasing investments in advanced medical imaging. These factors collectively drive Europe’s strong position in the global ultrasound equipment market.

Germany Ultrasound Equipment Market

Germany significantly contributes to the Europe ultrasound equipment market with its advanced healthcare system and rising demand for diagnostic imaging. Innovations in 3D/4D ultrasound and AI integration support expanding applications. An aging population and growing chronic disease prevalence increase demand, while government investments boost market growth. Germany’s strong manufacturing base and presence of major industry players help maintain its key role in Europe’s and the global ultrasound markets.

France Ultrasound Equipment Market

France’s ultrasound equipment market is driven by increasing chronic diseases and government initiatives promoting advanced diagnostic technologies. The country adopts AI-enhanced and portable ultrasound devices to improve clinical outcomes. Rising demand in hospitals and outpatient centers, coupled with supportive reimbursement policies, fuels growth. France’s healthcare infrastructure modernization and focus on women’s health further expand ultrasound equipment usage, solidifying its important position in the European and global markets.

UK Ultrasound Equipment Market

The UK plays a crucial role in the Europe ultrasound equipment market, propelled by expanding healthcare services and increased GP referrals. Innovations like AI-driven imaging and portable ultrasound devices support diverse clinical applications. Strong reimbursement frameworks and investments in digital health accelerate adoption. The UK’s focus on early diagnosis and chronic disease management, alongside growing demand in emergency and outpatient settings, drives consistent market growth.

How does Affordability Affect Ultrasound Adoption in Asia Pacific?

Asia Pacific's ultrasound equipment market is growing rapidly, driven by increasing healthcare investments and rising chronic disease prevalence. China and India lead growth due to government healthcare initiatives and expanding diagnostic infrastructure. Technological advancements such as AI-enabled and portable ultrasound devices improve accessibility in both urban and rural areas. These factors, combined with growing awareness and affordability, position Asia Pacific as one of the fastest-growing regions in the global ultrasound equipment market.

Japan Ultrasound Equipment Market

Japan plays a significant role in the Asia Pacific ultrasound equipment market due to its advanced healthcare infrastructure and aging population. Increasing demand for non-invasive diagnostic procedures and ongoing technological innovations, such as AI integration and 3D imaging, drive market growth. Leading companies like Canon Medical Systems and GE Healthcare contribute to product development and adoption, ensuring Japan remains a key player in the global ultrasound market.

South Korea Ultrasound Equipment Market

South Korea contributes to the Asia Pacific ultrasound equipment market through rapid adoption of cutting-edge technologies, including AI-enhanced and portable ultrasound systems. Government support for healthcare innovation and rising chronic disease prevalence increase demand. Major domestic firms like Samsung Medison lead advancements, while expanding healthcare infrastructure boosts accessibility. These factors combine to position South Korea as a growing and influential market in the global ultrasound equipment industry.

Global Ultrasound Equipment Market By Geography, 2026-2033
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  • Fastest

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Ultrasound Equipment Market Dynamics

Ultrasound Equipment Market Drivers

Rising Chronic Disease Prevalence

  • The increasing incidence of chronic diseases like cardiovascular disorders, cancer, and diabetes drives demand for ultrasound imaging. Early diagnosis and continuous monitoring are essential, boosting adoption in hospitals and clinics worldwide. This trend significantly fuels market growth by expanding the need for advanced, reliable ultrasound equipment

Rising Awareness and Accessibility in Emerging Markets

  • Improved healthcare infrastructure and increasing awareness about early disease detection in emerging economies are boosting ultrasound adoption. Affordable, portable ultrasound devices facilitate diagnostics in remote areas, expanding market reach. This growing accessibility directly contributes to higher demand and sustained global ultrasound equipment market growth.

Ultrasound Equipment Market Restraints

Competition from Alternative Imaging Technologies

  • Ultrasound equipment faces growing competition from advanced imaging technologies like MRI and CT, which offer higher resolution and detailed anatomical imaging. In many cases, these alternatives are preferred for complex diagnostics. This reduces ultrasound adoption in certain specialties, limiting its overall growth potential within the global imaging equipment market.

Regulatory Challenges and Approval Delays

  • Stringent regulatory standards and prolonged approval timelines hinder the launch of new ultrasound devices. These challenges increase development costs and discourage innovation, especially among smaller manufacturers. Delays in market entry reduce the availability of cutting-edge solutions, restricting growth and slowing the adoption of advanced ultrasound technologies in global markets.

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Ultrasound Equipment Market Competitive Landscape

The global ultrasound equipment market outlook is highly competitive, with major players including GE HealthCare, Siemens Healthineers, Philips, Canon Medical Systems, and Samsung Medison. Companies focus on AI integration, portable system development, and regional expansion. GE HealthCare emphasizes AI-powered devices, while Philips invests in telehealth-compatible ultrasound. Siemens enhances workflow automation. These strategies aim to improve diagnostic accuracy, expand accessibility, and strengthen market share across both developed and emerging healthcare markets.

As per the global ultrasound equipment industry analysis, the startup landscape is thriving, driven by demand for accessible, portable, and intelligent imaging solutions. Startups focus on miniaturized, AI-integrated devices for use in remote care, emergency response, and underserved regions. Many are pioneering real-time guidance systems, automated image interpretation, and multifunctional probes. With increased funding and regulatory clearances, these innovators are challenging traditional players and reshaping diagnostic workflows across radiology, obstetrics, cardiology, and primary care.

  • Founded in 2016, Clarius Mobile Health, develops wireless handheld ultrasound scanners with embedded AI. Its standout innovation, Clarius OB AI, launched in 2024, automates fetal measurements—placing calipers and estimating gestational metrics in seconds. This tool reduces dependency on expert sonographers, enabling accurate prenatal imaging in rural and midwife-led settings. Clarius’s innovation addresses global maternal health challenges by offering compact, smartphone-connected devices that enhance efficiency and broaden access to obstetric ultrasound diagnostics.
  • Established in 2020, Exo focuses on AI-powered, point-of-care ultrasound solutions. Its Exo Iris device unifies multiple probe functions—curved, linear, and phased array—into one handheld unit. Coupled with SweepAI, Exo delivers real-time scanning guidance and diagnostics for critical conditions like pneumonia and heart failure. This innovation reduces scanning errors and operator training needs, making advanced imaging accessible in urgent care, rural clinics, and military field applications, reshaping how and where ultrasound is delivered.

Top Player’s in Ultrasound Equipment Market

  • GE HealthCare (USA)
  • Philips Healthcare (Netherlands)
  • Siemens Healthineers (Germany)
  • Canon Medical Systems Corporation (Japan)
  • Samsung Medison (South Korea)
  • Mindray Medical International (China)
  • Esaote SpA (Italy)
  • Fujifilm Healthcare Corporation (Japan)
  • Hitachi Healthcare Systems (Japan)
  • Butterfly Network, Inc. (USA)
  • Konica Minolta, Inc. (Japan)
  • Clarius Mobile Health (Canada)
  • Zoncare Bio-Medical Electronics Co., Ltd. (China)
  • Shenzhen Landwind Industry Co., Ltd. (China)
  • Analogic Corporation (USA)

Recent Developments in Ultrasound Equipment Market

  • In March 2025, GE HealthCare partnered with NVIDIA to co-develop autonomous ultrasound solutions using NVIDIA’s Isaac for Healthcare platform. The collaboration focuses on leveraging physical AI and real-time simulation to automate image acquisition and analysis. This aims to reduce operator dependency, improve diagnostic consistency, and expand access to ultrasound imaging, particularly in underserved and high-demand clinical environments.
  • In April 2025, Philips launched its AI-driven Elevate Platform upgrade for the EPIQ Elite ultrasound system. This enhancement includes intelligent automation for image presets, liver elastography, and remote diagnostics. Designed to streamline workflows and boost clinician confidence, the update reduces scan times and enhances imaging precision, especially in radiology and hepatology applications across global healthcare settings.
  • In July 2024, GE HealthCare acquired Intelligent Ultrasound’s AI software division for $51 million. The acquisition integrated ScanNav Assist—real-time fetal anatomy guidance—into GE’s Voluson OB/GYN ultrasound systems. This strengthens GE’s focus on AI-powered imaging, improving accuracy, efficiency, and accessibility in prenatal diagnostics, while reinforcing its leadership in women’s health and clinical ultrasound automation.

Ultrasound Equipment Key Market Trends

Ultrasound Equipment Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, the global ultrasound equipment industry is experiencing transformative growth driven by rising chronic diseases, technological advancements, and increasing demand for early, non-invasive diagnostics. Innovations in AI integration, portability, and application-specific imaging—particularly in radiology and gynecology—are expanding ultrasound’s reach and accuracy. Strong regional contributions from North America, Europe, and Asia-Pacific further accelerate adoption, supported by government initiatives and healthcare infrastructure development.

While regulatory challenges and competition from alternative imaging technologies exist, the market continues to expand due to growing clinical need, improved accessibility, and the emergence of agile startups. As key players and innovators invest in AI, mobility, and workflow automation, the global ultrasound equipment market strategy is evolving into an essential, accessible, and intelligent diagnostic tool across global healthcare systems.

Report Metric Details
Market size value in 2024 USD 10.27 Billion
Market size value in 2033 USD 19.52 Billion
Growth Rate 7.4%
Base year 2024
Forecast period 2026-2033
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Compact and Tabletop
  • Application
    • Radiology, Gynecology, Cardiology, Point of Care, Urology, Surgery, Others
  • End User
    • Hospitals, Clinics
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • GE HealthCare (USA)
  • Philips Healthcare (Netherlands)
  • Siemens Healthineers (Germany)
  • Canon Medical Systems Corporation (Japan)
  • Samsung Medison (South Korea)
  • Mindray Medical International (China)
  • Esaote SpA (Italy)
  • Fujifilm Healthcare Corporation (Japan)
  • Hitachi Healthcare Systems (Japan)
  • Butterfly Network, Inc. (USA)
  • Konica Minolta, Inc. (Japan)
  • Clarius Mobile Health (Canada)
  • Zoncare Bio-Medical Electronics Co., Ltd. (China)
  • Shenzhen Landwind Industry Co., Ltd. (China)
  • Analogic Corporation (USA)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Ultrasound Equipment Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Ultrasound Equipment Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Ultrasound Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Ultrasound Equipment Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Ultrasound Equipment Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Ultrasound Equipment Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

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FAQs

Global Ultrasound Equipment Market size was valued at USD 10.27 Billion in 2024 poised to grow between USD 11.03 Billion in 2025 to USD 19.52 Billion by 2033, growing at a CAGR of 7.4% in the forecast period (2026–2033).

The global ultrasound equipment market outlook is highly competitive, with major players including GE HealthCare, Siemens Healthineers, Philips, Canon Medical Systems, and Samsung Medison. Companies focus on AI integration, portable system development, and regional expansion. GE HealthCare emphasizes AI-powered devices, while Philips invests in telehealth-compatible ultrasound. Siemens enhances workflow automation. These strategies aim to improve diagnostic accuracy, expand accessibility, and strengthen market share across both developed and emerging healthcare markets. 'GE HealthCare (USA)', 'Philips Healthcare (Netherlands)', 'Siemens Healthineers (Germany)', 'Canon Medical Systems Corporation (Japan)', 'Samsung Medison (South Korea)', 'Mindray Medical International (China)', 'Esaote SpA (Italy)', 'Fujifilm Healthcare Corporation (Japan)', 'Hitachi Healthcare Systems (Japan)', 'Butterfly Network, Inc. (USA)', 'Konica Minolta, Inc. (Japan)', 'Clarius Mobile Health (Canada)', 'Zoncare Bio-Medical Electronics Co., Ltd. (China)', 'Shenzhen Landwind Industry Co., Ltd. (China)', 'Analogic Corporation (USA)'

The increasing incidence of chronic diseases like cardiovascular disorders, cancer, and diabetes drives demand for ultrasound imaging. Early diagnosis and continuous monitoring are essential, boosting adoption in hospitals and clinics worldwide. This trend significantly fuels market growth by expanding the need for advanced, reliable ultrasound equipment

Rise of AI-Powered Diagnostic Imaging: Artificial intelligence is transforming ultrasound imaging by automating measurements, enhancing image quality, and enabling real-time diagnostic support. This reduces operator dependency and improves consistency across exams. AI integration is particularly valuable in high-demand areas like cardiology, obstetrics, and emergency care, making ultrasound faster, smarter, and more accessible across healthcare systems.

As per the global ultrasound equipment market analysis, North America dominates the industry due to its advanced healthcare infrastructure, early adoption of AI-integrated imaging, and growing prevalence of chronic diseases. The region sees high demand for portable and point-of-care ultrasound systems in emergency and outpatient settings. Supportive reimbursement policies, strong presence of key players like GE HealthCare, and continuous innovation further strengthen North America’s position as a leading contributor to global ultrasound equipment revenues.
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