The global ultrasound devices market is set to experience robust growth, with a new forecast projecting its value to nearly double over the next decade. Valued at an estimated USD 8.7 billion in 2025, the market is anticipated to reach USD 17.1 billion by 2035, registering a compound annual growth rate (CAGR) of 7.0%. This strong trajectory is driven by a rising demand for non-invasive diagnostic solutions, significant technological advancements, and the expanding use of ultrasound technology across diverse medical fields.
Key Drivers and Market Segments
The market’s expansion is fundamentally accelerated by the increasing global prevalence of chronic disorders such as cancer and cardiovascular conditions. The shift towards early disease detection and the development of new, less invasive medical treatments are boosting the adoption of ultrasound devices. The market is segmented by product type, portability, application, and end-user, with a clear focus on innovation in portable and diagnostic technologies.
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Diagnostic Ultrasound Dominates the Market
Within the product type category, Diagnostic Ultrasound Devices are the leading segment, projected to account for a significant 48.6% of the total market revenue by 2025. Their dominance is due to widespread use in routine clinical assessments across cardiology, obstetrics, and general imaging. These systems are valued for their ability to provide real-time, non-invasive imaging, which enhances clinical decision-making while offering a high safety profile compared to radiation-based alternatives. As healthcare facilities expand their services, investment in these versatile diagnostic platforms continues to grow.
Handheld Devices Revolutionize Point-of-Care
The Handheld portability segment is a key driver of innovation, expected to capture 42.3% of the market revenue by 2025. The surge in adoption is linked to the increasing demand for point-of-care diagnostics in emergency care, ambulatory services, and remote healthcare settings. Handheld devices offer clinicians unparalleled mobility and cost efficiency, eliminating the need for extensive infrastructure. Improvements in wireless connectivity and cloud integration are further positioning these portable systems as a transformative force in modern healthcare delivery.
Global Market Outlook and Competitive Landscape
North America is identified as the most lucrative region for the market, backed by a strong healthcare infrastructure and a high rate of technological upgrades. The U.S. market, for example, is projected to grow at a CAGR of 7.5% from 2025 to 2035, reaching a valuation of approximately USD 17.1 billion. China also represents a high-growth market, with a projected CAGR of 7.1%, driven by government investments and a rising geriatric population.
Key players in the ultrasound devices industry include Koninklijke Philips N.V., GE Healthcare, Siemens Healthineers AG, Canon Medical Systems, and Samsung Medison. Recent industry developments, such as new product launches and strategic partnerships, underscore a highly competitive landscape focused on enhancing imaging capabilities and data interoperability. This includes innovations like Butterfly Network’s partnership with Ambra Health and Samsung Medison’s flagship RS85 Prestige system.
Market Comparison Shows Accelerated Growth
Historically, the ultrasound devices market grew at a 6.2% CAGR from 2020 to 2024. The new forecast of a 7.0% CAGR for the 2025-2035 period indicates an acceleration in market growth. This increase is a direct result of the continuous evolution of ultrasound technology and the growing global need for cost-effective, accessible, and safe medical imaging solutions.
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