Ultrasound Systems Market Global Scale Share Expansion Forecast 2032

 

The global ultrasound systems market, valued at USD 8.39 billion in 2022, is projected to reach USD 17.29 billion by 2032, growing at a CAGR of 7.5%. This growth is driven by the rising prevalence of chronic diseases, with over 900 million physician visits in the U.S. in 2019 per the CDC, and the expanding applications of ultrasound in cardiology, radiology, and gynecology. The market’s significance lies in its non-invasive imaging capabilities, offering safe diagnostics without ionizing radiation.

Table-top ultrasound systems, growing at a 7.4% CAGR, and hospital end-users, at 7.2% CAGR, dominate due to widespread adoption. The U.S. leads with a 7.3% CAGR, while India grows at 7.2%, fueled by healthcare investments. AI integration, such as the FDA-approved Koios DS Breast 2.0 in 2019, enhances market growth. Challenges include product recalls and a shortage of trained technicians. The market is poised for robust expansion through 2032, supported by technological advancements and increasing healthcare demand.

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Market Analysis

The ultrasound systems market is propelled by the global surge in chronic diseases, necessitating frequent diagnostics, with 155 million U.S. emergency department visits in 2019. Expanding applications in surgery, gastroenterology, and musculoskeletal imaging broaden demand beyond traditional cardiology and gynecology. AI integration addresses limitations like long examination times, improving image quality and efficiency, as seen in FDA-approved platforms like Koios DS. The COVID-19 pandemic highlighted ultrasound’s role in point-of-care settings, boosting portable system adoption. Challenges include product recalls, such as Philips’ 2020 S83t recall, and a 12–18% sonographer vacancy rate in the UK. High costs of new systems drive preference for refurbished equipment, particularly in small clinics. North America leads with strong hospital infrastructure, while India’s market grows at a 7.2% CAGR, supported by a projected USD 132.84 billion hospital industry by FY22, per IBEF.

Segment Analysis

The market is segmented by portability, application, technology, end user, and region. Table-top systems lead, growing at a 7.4% CAGR, due to their affordability and widespread use in hospitals. Portable systems gain traction in point-of-care settings, while standalone systems serve specialized needs. Radiology applications dominate, growing at a 7.3% CAGR, driven by general imaging demand. Cardiology, urology, and gynecology follow, leveraging 3D/4D and Doppler technologies. Hospitals, with a 7.2% CAGR, are the primary end users, supported by high patient admissions. Diagnostic centers and ambulatory surgical centers also contribute. The U.S. grows at a 7.3% CAGR, while India and China each expand at 7.2% and 7.3% CAGRs, respectively, reflecting regional healthcare advancements. The market’s diverse segments cater to varied clinical and regional demands.

Country-wise Insights

In the United States, the market grows at a 7.3% CAGR, driven by high demand from hospitals, with 5.17 million employed in the sector in 2020, per the Bureau of Labor Statistics, and advanced AI-integrated systems like GE Healthcare’s offerings. In the United Kingdom, growth at a 7.1% CAGR is fueled by increasing adoption in radiology and gynecology, though technician shortages pose challenges. The UK’s robust NHS infrastructure supports steady demand. Both countries are key markets, with the U.S. leading in scale and technological innovation, and the UK excelling in healthcare system integration, ensuring sustained growth through 2032.

Key Players

• General Electric Company
• Koninklijke Philips N.V.
• Toshiba Corporation
• Siemens AG
• Hitachi Ltd.
• Fujifilm Holdings Corporation
• Esaote SpA
• Shimadzu Corporation
• Analogic Corporation
• Samsung Electronics Co. Ltd.

Strategic Outlook and Industry Trends

The ultrasound systems market is advancing through strategic acquisitions, such as GE Healthcare’s 2021 purchase of BK Medical, expanding surgical visualization, and partnerships like Philips’ 2021 collaboration with DiA Imaging Analysis for AI-driven ultrasound solutions. Startups like Exo and iSono Health innovate with AI and portable devices, enhancing breast cancer detection. AI integration and point-of-care system adoption, exemplified by Butterfly Network’s 2022 partnership with Ambra Health, drive efficiency. India’s healthcare investments, targeting 2.5% of GDP by 2025, offer growth opportunities. Challenges include refurbished system preferences and technician shortages. The market is set for robust growth through 2032, supported by chronic disease prevalence, AI advancements, and global healthcare infrastructure improvements.

Segmentation of Ultrasound Systems Market

By Portability:

• Standalone
• Table-Top
• Portable

By Application:

• Cardiology Diagnostics
• Radiology Diagnostics
• Urology Diagnostics
• Vascular Diagnostics
• Gynecology Diagnostics
• Others

By Technology:

• 2D Ultrasound Machines
• 3D Ultrasound Machines
• 4D Ultrasound Machines
• Doppler
• High-intensity Focused
• Extracorporeal Shockwave Lithotripsy Systems

By End User:

• Hospitals
• Diagnostic Centers
• Ambulatory Surgical Centers
• Others

By Region:

• North America
• Latin America
• Europe
• Middle East and Africa
• Asia Pacific Excluding Japan
• Japan

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