Medical Ultrasound Equipment - Global Strategic Business Report

The global market for Medical Ultrasound Equipment was valued at US$7.3 Billion in 2024 and is projected to reach US$10.2 Billion by 2030, growing at a CAGR of 5.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Medical Ultrasound Equipment market.

Global Medical Ultrasound Equipment Market - Key Trends & Drivers Summarized

What Exactly Is Medical Ultrasound Equipment, and Why Is It Essential?

Medical ultrasound equipment, also known as diagnostic sonography or ultrasonography, is a critical diagnostic imaging technique that employs high-frequency sound waves to produce visual images of internal body structures such as muscles, joints, blood vessels, and internal organs. Unlike other imaging methods that rely on ionizing radiation, ultrasound uses sound waves, ensuring safety, particularly for sensitive groups such as pregnant women. The equipment operates by emitting sound waves that reflect off body structures; these echoes are then captured and transformed by a computer into visual images, or sonograms, that doctors use to diagnose and monitor various medical conditions.

How Have Recent Technological Advancements Transformed Ultrasound Equipment?

With the rapid evolution of medical technology, how has ultrasound equipment kept pace? Recent years have witnessed significant advancements that enhance the functionality and application of ultrasound machines. Today’s devices feature sophisticated technologies like 3D and 4D imaging, increased transducer sensitivity, and streamlined interfaces that simplify operations and reduce procedure times. The advent of portable ultrasound units has been particularly transformative, facilitating diagnostics in remote areas and at the point of care, thereby extending the reach of this essential medical tool.

Who Relies on Ultrasound Technology, and Where Is It Most Utilized?

In the vast field of healthcare, who benefits most from the use of ultrasound technology, and in what contexts is it indispensable? Ultrasound equipment is a cornerstone in many medical specialties, including radiology, obstetrics, and cardiology, offering critical insights that guide patient care. Emergency departments leverage portable units for quick, accurate assessments during critical situations, whereas obstetricians rely on them for regular fetal monitoring. The technology's safety and non-invasive nature also make it ideal for pediatric applications and frequent monitoring, proving its versatility across various healthcare settings.

What Are the Driving Forces Behind the Booming Medical Ultrasound Equipment Market?

The growth in the medical ultrasound equipment market is driven by several factors. What are the key elements propelling this expansion? Technological breakthroughs such as the development of high-intensity focused ultrasound (HIFU) and the integration of artificial intelligence are revolutionizing diagnostic capabilities. An aging population and increasing instances of chronic ailments like cardiovascular diseases are amplifying the need for advanced diagnostic solutions. Additionally, the growing inclination towards minimally invasive procedures, which depend on precise imaging, and a heightened awareness of health issues among the general population are further fueling market growth. Together, these factors are setting a dynamic course for the future of ultrasound technology in medicine.

Report Scope

The report analyzes the Medical Ultrasound Equipment market, presented in terms of units. The analysis covers the key segments and geographic regions outlined below.

Segments: Type (Diagnostic, Therapeutic); End-Use (Hospitals, Diagnostic Laboratories, Other End-Uses); Application (Radiology, Obstetrics/Gynecology, Cardiology, Vascular, Other Applications).

Geographic Regions/Countries: World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Hospitals segment, which is expected to reach US$5.2 Billion by 2030 with a CAGR of a 6.4%. The Diagnostic Laboratories segment is also set to grow at 5.6% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $1.5 Billion in 2024, and China, forecasted to grow at an impressive 7.1% CAGR to reach $2.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Medical Ultrasound Equipment Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Medical Ultrasound Equipment Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Medical Ultrasound Equipment Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as B. Braun Melsungen AG, Boston Scientific Corporation, GE HealthCare PLC, Hologic, Inc., FUJIFILM Holdings Corporation and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 71 companies featured in this Medical Ultrasound Equipment market report include:

• B. Braun Melsungen AG
• Boston Scientific Corporation
• GE HealthCare PLC
• Hologic, Inc.
• FUJIFILM Holdings Corporation
• Konica Minolta, Inc.
• Koninklijke Philips N.V.
• EDAP TMS SA
• EDAN Instruments, Inc.
• BenQ Medical Technology Corporation
• BK Ultrasound
• Echo-Son SA
• Konica Minolta Healthcare
• Alpinion Medical Systems Co., Ltd.
• Draminski SA

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What’s Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry