The ultrasound market is projected to reach USD 8.2 billion by 2025 from USD 6.1 billion in 2020, at a CAGR of 6.1% during the forecast period. The growth of the market is mainly attributed to technological advancements; increasing incidences of target diseases; rising patient preference for minimally invasive procedures; and growing public and private investments, funding, and grants are driving the growth of the global ultrasound market. However, stringent government regulations may restrict the growth of this market to a certain extent in the coming years.

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The major players operating in the global ultrasound market are GE Healthcare (US), Koninklijke Philips N.V. (Netherlands), Canon Medical Systems Corporation (Japan), Hitachi, Ltd. (Japan), Siemens Healthineers AG (Germany), Hologic, Inc. (US), FUJIFILM Holdings Corporation (Japan), Samsung Electronics Co., Ltd. (Korea), Mindray Medical International Limited (China), Analogic Corporation (US), Esaote S.p.A (Italy), Shimadzu Corporation (Japan), Carestream Health (US), CURA Healthcare (India), Chison Medical Technologies Co., Ltd. (China), Mobisante, Inc. (US), Neusoft Corporation (China), Clarius Mobile Health (Canada), Medgyn Products, Inc. (US), and United Imaging Healthcare Co., Ltd. (China), among others.

“therapeutic ultraosund technology segment to register significant growth, during the forecast period”

On the basis of technology, the ultrasound market is segmented into diagnostic ultrasound and therapeutic ultrasound devices. The therapeutic ultrasound segment is expected to grow at a significant rate over the forecast period. Therapeutic ultrasound technologies include focused ultrasound and shockwave lithotripsy. The growth of this market is driven mainly by ongoing technological innovations in the field of focused ultrasound as well as the expansion of its application horizons.

“Color ultrasound devices segment is expected to witness the highest growth in the ultrasound market, by device display, during the forecast period”

On the basis of device display, the ultrasound market is segmented into black & white ultrasound and color ultrasound devices. The color ultrasound devices segment is expected to grow at the highest CAGR during the forecast period owing to the benefits offered by these devices, such as better image quality and higher image resolution. Also, the growing availability of advanced color ultrasound devices, coupled with the continuous decline in product cost across major countries and expanding distribution networks of major manufacturers across emerging countries, are expected to support the growth of this market segment during the forecast period.

“Trolley/cart-based ultrasound systems segment is expected to account for the largest share of the ultrasound market, by system portability”

Based on system portability, the ultrasound market is segmented into trolley/cart-based ultrasound systems, compact/handheld ultrasound systems, and point-of-care (PoC) ultrasound systems. In 2019, the trolley/cart-based ultrasound systems segment is expected to account for the largest market share due to the growing adoption of these systems across major markets (as a result of their increasing use in emergency care and acute care settings in hospitals and healthcare institutions).

“Asia Pacific market is expected to grow at the highest CAGR during the forecast period”

The Asia Pacific market is estimated to grow at the highest CAGR during the forecast period majorly due to the increasing healthcare expenditure across the region’s major countries (especially India and China), growing public awareness about the therapeutic potential of ultrasound technologies, continuous decrease in device costs (due to growing localized manufacturing and the presence of global market players), rising prevalence of target diseases, and the ongoing trend of device miniaturization.

A breakdown of the primary participants referred to for this report is provided below:

By Company Type: Tier 1–45%, Tier 2–34%, and Tier 3– 21%
By Designation: C-level–47%, Director-level–33%, and Others–20%
By Region: North America–35%, Europe–32%, Asia Pacific–25%, Latin America–6%, and the Middle East & Africa–2%
Research Coverage

This report studies the ultrasound market based on technology, device display, system portability, application, end user, and region. It also covers the factors affecting market growth, analyzes the various opportunities and challenges in the market, and provides details of the competitive landscape for market leaders. Furthermore, the report analyzes micromarkets with respect to their individual growth trends and forecasts the revenue of the market segments with respect to five main regions (and the respective countries in these regions).

Reasons to Buy the Report

The report will enable established firms as well as entrants/smaller firms to gauge the pulse of the market, which, in turn, would help them to garner a larger market share. Firms purchasing the report could use one or a combination of the below-mentioned strategies for strengthening their market presence.

This report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios offered by the top players in the ultrasound market
Product Development/Innovation: Detailed insights on the upcoming trends, R&D activities, and product launches in the ultrasound market
Market Development: Comprehensive information on lucrative emerging regions
Market Diversification: Exhaustive information about new products, growing geographies, and recent developments in the ultrasound market
Competitive Assessment: In-depth assessment of market segments, growth strategies, revenue analysis, and products of the leading market players.
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Table Of Contents

1 Introduction
1.1 Objectives Of The Study
1.2 Market Definition
1.2.1 Inclusions & Exclusions
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered For The Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
1.7 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 1 Global Ultrasound Market: Research Methodology Steps
Figure 2 Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown Of Primaries
Figure 3 Breakdown Of Primary Interviews: By Company Type, Designation, And Region
2.1.2.2 Key Data From Primary Sources
2.2 Market Size Estimation
Figure 4 Research Methodology: Hypothesis Building
2.2.1 Vendor Revenue-Based Market Estimation
Figure 5 Market Size Estimation: Bottom-Up Approach
2.2.2 End User-Based Market Size Estimation
Figure 6 Ultrasound Market: End-User Based Estimation
2.2.3 Primary Research Validation
2.3 Market Breakdown And Data Triangulation
Figure 7 Data Triangulation Methodology
2.4 Research Limitations

3 Executive Summary
Figure 8 Ultrasound Market, By Technology, 2020 Vs. 2025 (Usd Million)
Figure 9 Ultrasound Market Share, By Device Display, 2020 Vs. 2025
Figure 10 Ultrasound Market, By System Portability, 2020 Vs. 2025 (Usd Million)
Figure 11 Ultrasound Market Share, By Application, 2020 Vs. 2025 (Usd Million)
Figure 12 Ultrasound Market Share, By End User, 2020 Vs. 2025
Figure 13 Geographical Snapshot Of The Ultrasound Market

4 Premium Insights
4.1 Ultrasound Market Overview
Figure 14 Technological Advancements And New Product Launches Driving The Growth Of The Ultrasound Market
4.2 Europe: Ultrasound Market, By Technology, 2020 Vs. 2025 (Usd Million)
Figure 15 Therapeutic Ultrasound Segment Will Witness High Growth During The Forecast Period
4.3 Europe: Diagnostic Ultrasound Market, By Type And Country
Figure 16 Germany Is The Largest Market For Diagnostic Ultrasound In Europe
4.4 Ultrasound Market, By Application, 2020 Vs. 2025 (Usd Million)
Figure 17 Vascular Applications Segment To Register Substantial Growth During The Forecast Period
4.5 Geographic Snapshot Of The Ultrasound Market
Figure 18 China To Register The Highest Growth During The Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 19 Ultrasound Market: Drivers, Restraints, Opportunities, And Challenges
5.2.1 Drivers
5.2.1.1 Increasing Prevalence Of Target Diseases
5.2.1.2 Rising Patient Preference For Minimally Invasive Procedures
5.2.1.3 Technological Advancements
Table 1 Recent Product Launches In The Ultrasound Market
5.2.1.4 Growing Public And Private Investments, Funding, And Grants
5.2.1.5 Increasing Number Of Diagnostic Centers & Hospitals
5.2.2 Restraints
5.2.2.1 Unfavorable Healthcare Reforms In The Us
5.2.3 Opportunities
5.2.3.1 Expanding Applications Of Therapeutic Ultrasound
5.2.3.2 Emerging Markets
5.2.3.3 Development Of Poc Ultrasound Devices
5.2.4 Challenges
5.2.4.1 Growing End-User Preference For Refurbished Equipment
5.2.4.2 Dearth Of Skilled And Well-Trained Sonographers
5.3 Industry Trends
5.3.1 Development Of Application-Specific Ultrasound Devices
5.4 Pricing Trend Analysis (2017-2020)
5.4.1 North America
5.4.2 Europe
5.4.3 Asia Pacific
5.4.4 Rest Of The World
5.5 Value Chain Analysis
Figure 20 Value Chain Analysis: Maximum Value Added During The Manufacturing Phase
5.6 Regulatory Analysis
5.6.1 North America
5.6.1.1 Us
Table 2 Us Fda: Medical Device Classification
Table 3 Us: Medical Device Regulatory Approval Process
5.6.1.2 Canada
Table 4 Canada: Medical Device Regulatory Approval Process
Figure 21 Canada: Regulatory Approval Process For Medical Devices
5.6.2 Europe
Figure 22 Europe: Regulatory Approval Process For Medical Devices (Mdr)
5.6.3 Asia Pacific
5.6.3.1 Japan
Table 5 Japan: Medical Device Classification Under Pmda
5.6.3.2 China
Table 6 China: Classification Of Medical Devices
5.6.3.3 India
5.7 Covid-19 Impact On The Ultrasound Market

6 Ultrasound Market, By Technology
6.1 Introduction
Table 7 Ultrasound Market, By Technology, 2018-2025 (Usd Million)
6.2 Diagnostic Ultrasound
Table 8 Diagnostic Ultrasound Market, By Type, 2018-2025 (Usd Million)
Table 9 Diagnostic Ultrasound Market, By Region, 2018-2025 (Usd Million)
6.2.1 Diagnostic Ultrasound Market, By Device Display, 2018-2025 (Usd Million)
Table 10 Diagnostic Ultrasound Market, By Device Display, 2018-2025 (Usd Million)
6.2.2 Diagnostic Ultrasound Market, By System Portability, 2018-2025 (Usd Million)
Table 11 Diagnostic Ultrasound Market, By System Portability, 2018-2025 (Usd Million)
6.2.3 Diagnostic Ultrasound Market, By Application, 2018-2025 (Usd Million)
Table 12 Diagnostic Ultrasound Market, By Application, 2018-2025 (Usd Million)
6.2.4 Diagnostic Ultrasound Market, By End User, 2018-2025 (Usd Million)
Table 13 Diagnostic Ultrasound Market, By End User, 2018-2025 (Usd Million)
6.2.5 2d Ultrasound
6.2.5.1 Strong Market Demand From Less-Developed And Emerging Countries To Sustain Revenue Growth Of The Segment
Table 14 2d Ultrasound Market, By Region, 2018-2025 (Usd Million)
6.2.5.2 2d Ultrasound Market, By Device Display, 2018-2025 (Usd Million)
Table 15 2d Ultrasound Market, By Device Display, 2018-2025 (Usd Million)
6.2.5.3 2d Ultrasound Market, By System Portability, 2018-2025 (Usd Million)
Table 16 2d Ultrasound Market, By System Portability, 2018-2025 (Usd Million)
6.2.5.4 2d Ultrasound Market, By Application, 2018-2025 (Usd Million)
Table 17 2d Ultrasound Market, By Application, 2018-2025 (Usd Million)
6.2.5.5 2d Ultrasound Market, By End User, 2018-2025 (Usd Million)
Table 18 2d Ultrasound Market, By End User, 2018-2025 (Usd Million)
6.2.6 3d And 4d Ultrasound
6.2.6.1 Greater Diagnostic Accuracy And Improved Imaging Capabilities To Boost The Global Market Demand For 3d/4d Ultrasound
Table 19 3d And 4d Ultrasound Market, By Region, 2018-2025 (Usd Million)
6.2.6.2 3d And 4d Ultrasound Market, By Device Display, 2018-2025 (Usd Million)
Table 20 3d And 4d Ultrasound Market, By Device Display, 2018-2025 (Usd Million)
6.2.6.3 3d And 4d Ultrasound Market, By System Portability, 2018-2025 (Usd Million)
Table 21 3d And 4d Ultrasound Market, By System Portability, 2018-2025 (Usd Million)
6.2.6.4 3d And 4d Ultrasound Market, By Application, 2018-2025 (Usd Million)
Table 22 3d And 4d Ultrasound Market, By Application, 2018-2025 (Usd Million)
6.2.6.5 3d And 4d Ultrasound Market, By End User, 2018-2025 (Usd Million)
Table 23 3d And 4d Ultrasound Market, By End User, 2018-2025 (Usd Million)
6.2.7 Doppler Ultrasound
6.2.7.1 Growing Application In Pain Management, Cardiovascular Imaging, And Emergency Care To Drive Market Growth
Table 24 Doppler Ultrasound Market, By Region, 2018-2025 (Usd Million)
6.2.7.2 Doppler Ultrasound Market, By Device Display, 2018-2025 (Usd Million)
Table 25 Doppler Ultrasound Market, By Device Display, 2018-2025 (Usd Million)
6.2.7.3 Doppler Ultrasound Market, By System Portability, 2018-2025 (Usd Million)
Table 26 Doppler Ultrasound Market, By System Portability, 2018-2025 (Usd Million)
6.2.7.4 Doppler Ultrasound Market, By Application, 2018-2025 (Usd Million)
Table 27 Doppler Ultrasound Market, By Application, 2018-2025 (Usd Million)
6.2.7.5 Doppler Ultrasound Market, By End User, 2018-2025 (Usd Million)
Table 28 Doppler Ultrasound Market, By End User, 2018-2025 (Usd Million)
6.3 Therapeutic Ultrasound
Table 29 Therapeutic Ultrasound Market, By Type, 2018-2025 (Usd Million)
Table 30 Therapeutic Ultrasound Market, By Region, 2018-2025 (Usd Million)
6.3.1 Therapeutic Ultrasound Market, By Device Display, 2018-2025 (Usd Million)
Table 31 Therapeutic Ultrasound Market, By Device Display, 2018-2025 (Usd Million)
6.3.2 Therapeutic Ultrasound Market, By System Portability, 2018-2025 (Usd Million)
Table 32 Therapeutic Ultrasound Market, By System Portability, 2018-2025 (Usd Million)
6.3.3 Therapeutic Ultrasound Market, By Application, 2018-2025 (Usd Million)
Table 33 Therapeutic Ultrasound Market, By Application, 2018-2025 (Usd Million)
6.3.4 Therapeutic Ultrasound Market, By End User, 2018-2025 (Usd Million)
Table 34 Therapeutic Ultrasound Market, By End User, 2018-2025 (Usd Million)
6.3.5 Extracorporeal Shockwave Lithotripsy
6.3.5.1 Growing Emphasis On The Minimally Invasive Treatment Of Kidney And Gall Bladder Stones To Drive The Demand For Eswl
Table 35 Extracorporeal Shockwave Lithotripsy Market, By Region, 2018-2025 (Usd Million)
6.3.5.2 Extracorporeal Shockwave Lithotripsy Market, By Device Display, 2018-2025 (Usd Million)
Table 36 Extracorporeal Shockwave Lithotripsy Market, By Device Display, 2018-2025 (Usd Million)
6.3.5.3 Extracorporeal Shockwave Lithotripsy Market, By System Portability, 2018-2025 (Usd Million)
Table 37 Extracorporeal Shockwave Lithotripsy Market, By System Portability, 2018-2025 (Usd Million)
6.3.5.4 Extracorporeal Shockwave Lithotripsy Market, By Application, 2018-2025 (Usd Million)
Table 38 Extracorporeal Shockwave Lithotripsy Market, By Application, 2018-2025 (Usd Million)
6.3.5.5 Extracorporeal Shockwave Lithotripsy Market, By End User, 2018-2025 (Usd Million)
Table 39 Extracorporeal Shockwave Lithotripsy Market, By End User, 2018-2025 (Usd Million)
6.3.6 High-Intensity Focused Ultrasound
6.3.6.1 Promising Results Associated With Hifu For The Treatment Of Various Cancers To Drive Market Growth
Table 40 High-Intensity Focused Ultrasound Market, By Region, 2018-2025 (Usd Million)
6.3.6.2 High-Intensity Focused Ultrasound Market, By Device Display, 2018-2025 (Usd Million)
Table 41 High-Intensity Focused Ultrasound Market, By Device Display, 2018-2025 (Usd Million)
6.3.6.3 High-Intensity Focused Ultrasound Market, By System Portability, 2018-2025 (Usd Million)
Table 42 High-Intensity Focused Ultrasound Market, By System Portability, 2018-2025 (Usd Million)
6.3.6.4 High-Intensity Focused Ultrasound Market, By Application, 2018-2025 (Usd Million)
Table 43 High-Intensity Focused Ultrasound Market, By Application, 2018-2025 (Usd Million)
6.3.6.5 High-Intensity Focused Ultrasound Market, By End User, 2018-2025 (Usd Million)
Table 44 High-Intensity Focused Ultrasound Market, By End User, 2018-2025 (Usd Million)

7 Ultrasound Market, By Device Display
7.1 Introduction
Table 45 Ultrasound Market, By Device Display, 2018-2025 (Usd Million)
Table 46 Ultrasound Market, By Device Display, 2018-2025 (Annual Unit Sales)
7.2 Color Ultrasound Devices
7.2.1 Greater Market Availability Of Advanced Color Ultrasound Devices To Drive The Market Till 2025
Table 47 Color Ultrasound Devices Market, By Region, 2018-2025 (Usd Million)
Table 48 Color Ultrasound Devices Market, By Region, 2018-2025 (Annual Unit Sales)
7.3 Black & White Ultrasound Devices
7.3.1 Asia Pacific Region To Register Sustained Demand For B/W Ultrasound Devices
Table 49 Black & White Ultrasound Devices Market, By Region, 2018-2025 (Usd Million)
Table 50 Black & White Ultrasound Devices Market, By Region, 2018-2025 (Annual Unit Sales)

8 Ultrasound Market, By System Portability
8.1 Introduction
Table 51 Ultrasound Market, By System Portability, 2018-2025 (Usd Million)
Table 52 Ultrasound Market, By System Portability, 2018-2025 (Annual Unit Sales)
8.2 Trolley/Cart-Based Devices
8.2.1 Increased Usage Of Trolley-Based Systems For Acute Care & Emergency Care To Drive Market Growth
Table 53 Ultrasound Market For Trolley/Cart-Based Devices, By Region, 2018-2025 (Usd Million)
Table 54 Ultrasound Market For Trolley/Cart-Based Devices, By Region, 2018-2025 (Annual Unit Sales)
8.3 Compact/Table-Top Devices
8.3.1 Device Affordability As Well As Procedural & Technical Benefits Offered By Table-Top Devices To Drive Market Growth
Table 55 Ultrasound Market For Compact/Table-Top Devices, By Region, 2018-2025 (Usd Million)
Table 56 Ultrasound Market For Compact/Table-Top Devices, By Region, 2018-2025 (Annual Unit Sales)
8.4 Poc/Portable Devices
8.4.1 Improved Operational And Clinical Efficacy To Boost The Demand For Poc Ultrasound Devices
Table 57 Ultrasound Market For Poc/Portable Devices, By Region, 2018-2025 (Usd Million)
Table 58 Ultrasound Market For Poc/Portable Devices, By Region, 2018-2025 (Annual Unit Sales)

9 Ultrasound Market, By Application
9.1 Introduction
Table 59 Ultrasound Market, By Application, 2018-2025 (Usd Million)
9.2 Radiology/General Imaging Applications
9.2.1 Growing Number Of Image-Guided Surgeries/Radiology Procedures To Drive This Application Segment
Table 60 Ultrasound Market For Radiology/General Imaging Applications, By Region, 2018-2025 (Usd Million)
9.3 Cardiology Applications
9.3.1 Rising Prevalence Of Cardiac Disorders Across Major Healthcare Markets To Drive This Application Segment
Table 61 Ultrasound Market For Cardiology Applications, By Region, 2018-2025 (Usd Million)
9.4 Obstetrics/Gynecology Applications
9.4.1 Ultrasound Is Widely Used In The Field Of Obstetrics And Gynecology
Table 62 Ultrasound Market For Obstetrics/Gynecology Applications, By Region, 2018-2025 (Usd Million)
9.5 Vascular Applications
9.5.1 Vascular Applications Segment To Witness The Highest Growth During The Forecast Period
Table 63 Ultrasound Market For Vascular Applications, By Region, 2018-2025 (Usd Million)
9.6 Urological Applications
9.6.1 Ultrasound Is Widely Used In The Diagnosis And Treatment Of Various Urological Disorders
Table 64 Ultrasound Market For Urological Applications, By Region, 2018-2025 (Usd Million)
9.7 Orthopedic And Musculoskeletal Applications
9.7.1 Rising Patient Preference For Effective & Early Disease Diagnosis To Drive The Growth Of This Application Segment
Table 65 Ultrasound Market For Orthopedic And Musculoskeletal Applications, By Region, 2018-2025 (Usd Million)
9.8 Pain Management Applications
9.8.1 Ultrasound Devices Are Increasingly Being Utilized For Trauma & Emergency Care Applications
Table 66 Ultrasound Market For Pain Management Applications, By Region, 2018-2025 (Usd Million)
9.9 Other Applications
Table 67 Ultrasound Market For Other Applications, By Region, 2018-2025 (Usd Million)

10 Ultrasound Market, By End User

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