Global Ultrasound Market Size, Share, Growth Analysis Report - Forecast 2034

Ultrasound Market Size

The global ultrasound market size was worth around USD 8.95 Billion in 2024 and is predicted to grow to around USD 14.58 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 5% between 2025 and 2034. The report analyzes the global ultrasound market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the ultrasound industry.

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Ultrasound Market: Overview

Ultrasound is a kind of imaging process utilized to examine internal body organs. The machine transmits high-frequency sound waves, which reflect off body structures. A computer gets the waves and uses them to make a high-quality image of body parts, which makes it an excellent diagnostic technique. During pregnancy, doctors use ultrasound to see the fetal growth. Unlike CT scan and X-Ray, this test does not use ionizing radiation. An ultrasound inspection could be done for several reasons such as for diagnosis of disease, examination of abdominal or other body organs and assessment of any breast lump and among others.

Ultrasound technology is expected to improve in the forthcoming years. Increasing demand for ultrasonic devices worldwide is anticipated the growth of the market. Technical advancement in the ultrasound machine and novel technologies expected to boost market demand in near future. However, expensive procedures and unfavorable healthcare amendments in regulations are major factors restraining the market growth during the coming years.

Key Insights

• As per the analysis shared by our research analyst, the global ultrasound market is estimated to grow annually at a CAGR of around 5% over the forecast period (2025-2034).
• Regarding revenue, the global ultrasound market size was valued at around USD 8.95 Billion in 2024 and is projected to reach USD 14.58 Billion by 2034.
• The ultrasound market is projected to grow at a significant rate due to rising use in prenatal care, non-invasive diagnostics, and advancements in portable and point-of-care devices.
• Based on Technology, the Diagnostic Ultrasound (2D segment is expected to lead the global market.
• On the basis of Portability, the Cart/Trolley-Based segment is growing at a high rate and will continue to dominate the global market.
• Based on the Application, the Radiology segment is projected to swipe the largest market share.
• By End-user, the Hospitals segment is expected to dominate the global market.
• Based on region, Europe is predicted to dominate the global market during the forecast period.

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Ultrasound Market: Segmentation Analysis

The global ultrasound market is segmented based on Technology, Portability, Application, End-user, and region.

Based on Technology, the global ultrasound market is divided into Diagnostic Ultrasound (2D, 3D/4D, Doppler), Therapeutic Ultrasound.

On the basis of Portability, the global ultrasound market is bifurcated into Cart/Trolley-Based, Compact/Handheld.

By Application, the global ultrasound market is split into Radiology, Cardiology, Obstetrics & Gynecology, Urology, Musculoskeletal, Others.

In terms of End-user, the global ultrasound market is categorized into Hospitals, Diagnostic Centers, Ambulatory Surgical Centers, Research Institutes.

Ultrasound Market: Report Scope

Ultrasound Market: Regional Analysis

Geographically, ultrasound market is segmented into North America, Europe, Asia-Pacific, Latin America and the Middle East & Africa.  Europe was the leading market in 2015 and is predictable to continue its dominance throughout the forecast period.North America is expected to exhibit productive growth by 2021 due fast innovations in technology and vast impending market. Among all regions, Asia Pacific region is one of the fastest growing regions for ultrasound market owing to increasing disposable income and growing awareness in rising economies such as India and China.

Ultrasound Market: Competitive Analysis

The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the ultrasound market on a global and regional basis.

The global ultrasound market is dominated by players like:

• Siemens AG
• GE Healthcare
• Analogic Corporation
• Fujifilm Holdings Corporation
• Mindray Medical International Ltd.
• Esaote SpA
• Hitachi Ltd.
• and others.

The global ultrasound market is segmented as follows;

By Technology

• Diagnostic Ultrasound (2D
• 3D/4D
• Doppler)
• Therapeutic Ultrasound

By Portability

• Cart/Trolley-Based
• Compact/Handheld

By Application

• Radiology
• Cardiology
• Obstetrics & Gynecology
• Urology
• Musculoskeletal
• Others

By End-user

• Hospitals
• Diagnostic Centers
• Ambulatory Surgical Centers
• Research Institutes

By Region

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America