Diagnostic Ultrasound Market By Type (Portable Ultrasound Systems, Cart/Trolley-Based Ultrasound Systems, High-End Ultrasound Systems), By Application (Obstetrics & Gynecology, Cardiology, Musculoskeletal, Abdominal Imaging, Urology), By End-User (Hospitals, Diagnostic Imaging Centers, Ambulatory Surgical Centers, Clinics), By Technology (2D Ultrasound, 3D & 4D Ultrasound, Doppler Ultrasound, High-Intensity Focused Ultrasound), and By Region; Global Insights & Forecast (2024 – 2030)

As per Intent Market Research, the Diagnostic Ultrasound Market was valued at USD 7.9 billion in 2023 and will surpass USD 12.5 billion by 2030; growing at a CAGR of 6.8% during 2024 - 2030.

The Diagnostic Ultrasound Market is a rapidly growing segment of the global medical imaging industry, driven by advancements in technology, increasing demand for non-invasive diagnostic procedures, and rising healthcare expenditures. Ultrasound imaging is widely used in various clinical applications such as obstetrics, cardiology, musculoskeletal, and abdominal imaging, among others. It offers real-time imaging with high resolution and accuracy, making it a preferred choice for early diagnosis and monitoring of various medical conditions. The market is also fueled by the growing adoption of portable and point-of-care ultrasound systems, improving accessibility and convenience in healthcare settings.

Portable Ultrasound Systems Segment Is Fastest Growing Owing to Convenience and Accessibility

The portable ultrasound systems market has gained significant traction due to the increasing demand for diagnostic imaging in remote and emergency care settings. These systems offer the advantage of being compact, lightweight, and easy to transport, making them ideal for use in situations where traditional, larger systems may not be practical. Additionally, the ability to provide real-time imaging has enhanced their adoption in clinical environments such as ambulatory surgical centers, outpatient clinics, and even in rural or underserved regions. The demand for portable ultrasound systems is especially strong in emerging markets, where access to healthcare facilities may be limited.

The portable ultrasound systems market is expected to continue expanding rapidly, driven by ongoing innovations that enhance image quality while reducing the overall size and cost of these devices. For instance, advancements in battery technology and wireless connectivity have made portable systems more efficient and user-friendly, further promoting their use in emergency departments, field hospitals, and home care settings. Additionally, the rise in point-of-care diagnostics, where immediate imaging results are critical, positions portable ultrasound systems as a key tool in modern healthcare practices.

Cardiology Application Is Largest Owing to Growing Cardiovascular Disease Prevalence

Cardiology is the largest application segment for diagnostic ultrasound, driven by the increasing prevalence of cardiovascular diseases (CVDs) globally. Ultrasound technology plays a pivotal role in the diagnosis and monitoring of conditions such as heart failure, arrhythmias, and coronary artery diseases. It is particularly valued for its ability to provide real-time, non-invasive imaging of the heart, enabling physicians to assess cardiac function, detect anomalies, and guide treatment decisions. The ability to perform routine and emergency assessments without the need for more invasive procedures has cemented the role of ultrasound in cardiology.

The growing aging population and the rise in lifestyle-related risk factors, such as obesity and hypertension, are contributing to the higher incidence of cardiovascular diseases. As such, the demand for ultrasound systems in cardiology continues to increase, with hospitals and diagnostic imaging centers being the primary end-users. As cardiovascular disease remains a leading cause of mortality, the ongoing reliance on ultrasound technology for early detection and management underscores its importance in cardiology.

Hospitals End-User Is Largest Owing to High Patient Volumes and Advanced Healthcare Facilities

Hospitals represent the largest end-user segment for diagnostic ultrasound systems, due to their high patient volumes and the need for advanced diagnostic tools in complex medical cases. Hospitals typically have the infrastructure to support a wide range of imaging modalities, including ultrasound, to diagnose and manage various health conditions. The use of ultrasound in hospitals spans a wide range of specialties, from obstetrics and gynecology to cardiology, musculoskeletal imaging, and more. Hospitals are also equipped to perform more advanced procedures that require high-resolution imaging and specialized technologies, including Doppler and 3D/4D ultrasound.

Hospitals are expected to continue being the largest consumer of diagnostic ultrasound systems, as these institutions are central to both inpatient and outpatient care. The adoption of ultrasound systems in hospitals is supported by their non-invasive nature, cost-effectiveness, and ability to provide quick results, making them indispensable in modern healthcare settings. Additionally, the increasing focus on improving patient outcomes and reducing hospital stays further drives the demand for ultrasound technology in hospitals.

2D Ultrasound Technology Is Largest Owing to Established Use and Affordability

2D ultrasound technology remains the largest segment in the diagnostic ultrasound market, owing to its long-established use and cost-effectiveness. 2D ultrasound offers clear, real-time imaging of organs and tissues in a two-dimensional plane, which is sufficient for many diagnostic applications, including obstetrics, gynecology, and cardiology. Its affordability and accessibility have made it the preferred choice in a wide range of clinical settings, including hospitals, diagnostic imaging centers, and even for routine prenatal check-ups.

Despite the growth of 3D/4D and Doppler ultrasound technologies, 2D ultrasound continues to dominate due to its simplicity, reliability, and lower cost. It remains the gold standard for many imaging applications and is particularly valuable in regions where cost constraints limit the adoption of more advanced technologies. The efficiency and widespread availability of 2D ultrasound ensure its continued prominence in the market.

Asia-Pacific Region Is Fastest Growing Owing to Expanding Healthcare Infrastructure

The Asia-Pacific (APAC) region is expected to be the fastest-growing market for diagnostic ultrasound systems. Several factors contribute to this rapid growth, including the increasing healthcare needs of a large and aging population, rising awareness of diagnostic imaging technologies, and significant investments in healthcare infrastructure. Countries such as China, India, and Japan are driving the demand for ultrasound systems, fueled by both government initiatives to improve healthcare access and a growing middle class with greater healthcare spending power.

Technological advancements and the increasing adoption of point-of-care ultrasound devices are also contributing to the expansion of the market in the region. The APAC market is seeing a shift from traditional, stationary ultrasound machines to portable systems, which are ideal for use in remote and rural areas. As healthcare access improves and urbanization continues, demand for high-quality, affordable diagnostic solutions, including ultrasound, is expected to grow, making APAC a key region for the ultrasound market's future.

Competitive Landscape: Leading Companies in the Diagnostic Ultrasound Market

The diagnostic ultrasound market is highly competitive, with key players striving to maintain their leadership through innovation and strategic acquisitions. Leading companies such as GE Healthcare, Philips Healthcare, Siemens Healthineers, and Canon Medical Systems dominate the market, offering a wide range of ultrasound systems catering to various medical specialties. These companies are focusing on enhancing their product offerings by integrating advanced technologies like AI, 3D/4D imaging, and wireless capabilities into their ultrasound systems.

To stay ahead in the competitive landscape, companies are increasingly investing in research and development to improve image quality, streamline workflows, and make ultrasound devices more accessible. Moreover, partnerships and mergers and acquisitions (M&A) are common strategies employed by these companies to expand their market share and strengthen their product portfolios. The market is also seeing the rise of smaller players that focus on portable ultrasound systems, offering cost-effective solutions for low-resource settings.

Recent Developments:

• GE Healthcare launched a new portable ultrasound system, expanding its product portfolio aimed at providing affordable and high-quality imaging solutions for both emergency and remote care.
• Philips Healthcare announced the acquisition of BioTelemetry, Inc., which strengthens its position in the diagnostic imaging market, particularly in remote patient monitoring and ultrasound technologies.
• Siemens Healthineers introduced a new high-end ultrasound system designed for advanced cardiology imaging, providing superior image quality and enhanced workflow capabilities for clinicians.
• Mindray Medical received FDA approval for its new portable ultrasound system, which allows for better patient care in diverse settings, from hospitals to ambulatory care centers.
• Canon Medical Systems launched an upgraded version of its ultrasound technology with enhanced 3D imaging capabilities, aimed at improving diagnostic accuracy in musculoskeletal and obstetrics applications.

List of Leading Companies:

• GE Healthcare
• Philips Healthcare
• Siemens Healthineers
• Canon Medical Systems
• Samsung Medison
• Mindray Medical International Limited
• Esaote S.p.A.
• Hitachi Healthcare
• Toshiba Medical Systems Corporation
• FUJIFILM Corporation
• Analogic Corporation
• Samsung Electronics Co., Ltd.
• Boston Scientific Corporation
• Acuson (Siemens Healthineers)
• Chison Medical Imaging Co., Ltd.

Report Scope: