Ultrasound Devices and Accessories Industry Data Book Covers Ultrasound, Ultrasound Transducer and Ultrasound Gels Markets.
The global ultrasound devices and accessories industry size was estimated at USD 13.65 billion in 2022. The market is expected to expand at a CAGR of 4.4% CAGR (2023-2030).
Grand View Research’s Ultrasound devices and accessories industry databook is a collection of market sizing information forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.
Ultrasound Device Market Insights
The global ultrasound device market size was valued at USD 7.9 billion in 2021 and is anticipated to expand at a CAGR of 4.5% from 2022 to 2030.
The diagnostic imaging ultrasound devices segment accounted for the largest revenue share of more than 72.0% in 2021. This is owing to the wide range of applications in obstetrics, cardiology, and oncology. In addition, the increasing prevalence of various lifestyle-related disorders and technological advancements are expected to boost the demand for diagnostic ultrasound devices.
The general imaging segment dominated the market and held the largest revenue share of more than 29.0% in 2021. When compared to other applications, general imaging is less expensive and also covers a wide range of scans required by clinicians for the diagnosis and direct treatment, such as abdominal, musculoskeletal, small parts, urology, liver, thyroid, scrotum, bladder, pancreas, kidneys, spleen, and gallbladder.
The hospitals segment dominated the ultrasound device market and held the largest revenue share of over 39.0% in 2021 and is further expected to maintain its lead over the forecast period. The segment growth can be attributed to the extensive use of ultrasound devices in hospital settings and an increase in the number of patients visiting hospitals with various lifestyle-related disorders.
The cart/trolley based ultrasound devices segment accounted for the largest revenue share of over 69.0% in 2021. By transporting the device to the patient's location, whether it's an Intensive Care Unit (ICU) or an emergency department, cart/trolley ultrasounds completely avoid the issue of transferring critical patients.
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Ultrasound Transducer Market Insights
The global ultrasound transducer market size was valued at USD 3.2 billion in 2018 and is expected to expand at a CAGR of 3.6% by the end of 2026.
Convex segment leads the ultrasound transducers market owing to the high efficiency of the product. It offers a wider footprint as compared to linear-array configuration and focuses view on the deep part of the targeted region. It also displays a clearer picture with highly improved reliability. These factors are anticipated to fuel the demand for a convex scanning transducer.
The general imaging segment accounted for the largest market share in 2018 owing to the high demand for radiation-free and non-invasive diagnostic modalities. The usage of ultrasound is becoming prominent for general imaging as it helps in capturing effective images of soft tissue.
Hospital segment is anticipated to lead the market in the next seven years owing to the high adoption of ultrasound systems as the primary imaging option. The availability of portable ultrasound systems and usage of this modality in each department is anticipated to boost the demand for ultrasound transducers.
Ultrasound Gels Market Insights
The global ultrasound gels market size was valued at USD 89.7 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 3.0% from 2020 to 2027.
Non-sterile ultrasound gel held the largest revenue share of 71.0% in 2019. Whereas, the sterile ultrasound gel segment is expected to grow at the fastest rate during the forecast period. The ultrasound imaging can be classified as external and internal probe procedures. External ultrasound probe procedures are performed on intact skin and require a low level of cleaning and disinfection after each use.
The hospital segment held the largest revenue share of 53.5% in 2019 and is expected to grow at a healthy CAGR over the forecast period. The increasing number of emergency visits in hospitals reporting problems such as acute abdominal pain, chest pain, and vascular problems where ultrasound is the primary diagnostic tool is expected to drive the demand for ultrasound gels.
Ultrasound Devices and Accessories Market – Global Industry Segmentation
Ultrasound Device Industry, By Product
- Ultrasound Device Market
- Diagnostic Ultrasound Devices
- 2D
- 3D/4D
- Doppler
- Therapeutic Ultrasound Devices
- High-intensity Focused Ultrasound
- Extracorporeal Shockwave Lithotripsy
- Diagnostic Ultrasound Devices
Ultrasound Device Industry, By Application
- Ultrasound Device Market
- Cardiology
- Obstetrics/Gynaecology
- Vascular
- Orthopaedic
- General Imaging
Ultrasound Device Industry, By End Use
- Ultrasound Device Market
- Hospitals
- Imaging Centres
- Research Centres
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Ultrasound Devices and Accessories Industry Data Book Regional Outlook
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- Thailand
- Singapore
- Australia
- Latin America
- Brazil
- Mexico
- Argentina
- Chile
- Middle East Africa (MEA)
- South Africa
- United Arab Emirates
- Saudi Arabia
Ultrasound Devices and Accessories Industry Data Book Competitive Landscape
The major players are working to improve their product offerings by upgrading their products, taking advantage of important cooperation activities, and exploring acquisitions and government clearances in order to expand their customer base and gain a larger share of the overall market.
Key players operating in the ultrasound devices and accessories industry are –
- Koninklijke Philips N.V.
- GE Healthcare
- Siemens Healthineers AG
- Canon Medical Systems
- Mindray Medical International Limited
- Samsung Medison Co., Ltd.
- FUJIFILM SonoSite, Inc.
Go through the table of content of Ultrasound Devices and Accessories Industry Data Book to get a better understanding of the Coverage Scope of the study
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