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Ultrasound Devices Market Size and Forecast, by Application (Radiology, Gynecology, Cardiology, Urology, Vascular); Technology (2D Ultrasound Imaging, 3D, 4D Ultrasound Imaging, Doppler Imaging, High-intensity Focused Ultrasound); End-user (Hospitals, Clinics, Research Centers) - Growth Trends, Key Players, Regional Analysis 2026-2035

  • Report ID: 4097
  • Published Date: Sep 09, 2025
  • Report Format: PDF, PPT

Ultrasound Devices Market Outlook:

Ultrasound Devices Market size was valued at USD 9.37 billion in 2025 and is set to exceed USD 15.41 billion by 2035, registering over 5.1% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of ultrasound devices is estimated at USD 9.8 billion.

Ultrasound Devices Market Size
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The growth of the market can be attributed to the rising need for ultrasound reports by medical practitioners to gain valuable information for diagnoses and treatment. The device also helps in examining an unborn child in pregnant women. Moreover, according to data published by Beth Israel Deaconess Medical Centre, most healthy women receive at least two ultrasound scans in their overall pregnancy period which is one of the prominent reasons for the growing demand for ultrasound devices. It is found that on average, every minute approximately 250 babies are born across the globe.The rising prevalence of various diseases worldwide as well as the growing number of patients along with the surge in the number of diagnostic centers worldwide are major factors expected to boost the market in the forecasted period.

Key Ultrasound Devices Market Insights Summary:

  • Regional Highlights:

    • North America ultrasound devices market will dominate over 40% share by 2035, owing to the rapid advancements in ultrasound technology.
    • Asia Pacific market will capture significant revenue share by 2035, fueled by growing healthcare infrastructure investment and increasing demand for medical facilities in populous nations.

  • Segment Insights:

    • The hospitals segment in the ultrasound devices market will see substantial share by 2035, driven by rising global patient flow and demand for modern technology.

  • Key Growth Trends:

    • Rising Number of Hospitals
    • Growing Share of the Diagnostic Sector in the Healthcare Industry 

  • Major Challenges:

    • Rising Number of Hospitals
    • Growing Share of the Diagnostic Sector in the Healthcare Industry 

  • Key Players: Siemens Healthcare GmbH, Koninklijke Philips N.V., General Electric Company, Canon Medical Systems Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Samsung Medison Co., Ltd., FUJIFILM Sonosite, Inc., Konica Minolta, Inc., Shantou Institute of Ultrasonic Instruments Co., Terason Divison Teratech Corporation.

Global Ultrasound Devices Market Forecast and Regional Outlook:

  • Market Size & Growth Projections:

    • 2025 Market Size: USD 9.37 billion
    • 2026 Market Size: USD 9.8 billion
    • Projected Market Size: USD 15.41 billion by 2035
    • Growth Forecasts: 5.1% CAGR (2026-2035)

  • Key Regional Dynamics:

    • Largest Region: North America (40% Share by 2035)
    • Fastest Growing Region: Asia Pacific
    • Dominating Countries: United States, China, Japan, Germany, South Korea
    • Emerging Countries: China, Japan, India, South Korea, Singapore

    • Last updated on : 9 September, 2025

Growth Drivers

  • Rising Number of Hospitals – With the growing number of people suffering from one and more health conditions globally. The use of medical ultrasound imaging allows doctors to diagnose the sources of pain in patients’ bodies and the problems with internal organs. This diagnosis is useful for commencing treatments. Furthermore, the rising number of hospitals is responsible for driving the demand for various medical equipment along with ultrasound devices. Hence, the ultrasound devices market is projected to grow with the growing number of hospitals. As per 2020 data, it was found that there were over 6000 hospitals in United States.

  • Growing Share of the Diagnostic Sector in the Healthcare Industry - Diagnostic services play the key role of an information intermediary in the healthcare sector. According to the findings, India’s imaging diagnostic services/radiology tests accounted for nearly 30% of the market share of its diagnostic services market.

  • Increase in the Occurrences of Tumors Worldwide - In 2020, about 300,000 people were diagnosed with a primary brain or spinal cord tumor. The growth of the ultrasound devices market is majorly owing to its use to diagnose such types of tumors and cysts at the initial stages.
  • Surge in the Prevalence of Cancer Cases - Ultrasound devices are efficient for cancer diagnosis, and as per the 2022 American Cancer Society’s estimates, every year stomach cancer accounts for around 1.5% of all new cancers diagnosed in United States. Hence, the ultrasound device market is expected to grow on the back of prevailing cancer patients globally.
  • Increasing Investment in Healthcare Infrastructure - It was found that more than USD 50 billion was invested in global health tech in the year 2021.

Challenges

  • High Maintenance Cost – The improper shutdown of the machine is expected to hinder market growth. It is observed that hardware failure may need replacement if they become faulty. Additionally, issues owing to software corruption followed by ultrasound transducer issues too result in machine breakdown which increases the overall cost of employing this machine.

  • High Cost of the Machine

  • Lack of Trained Professional

Ultrasound Devices Market Size and Forecast:

Report Attribute Details

Base Year

2025

Forecast Period

2026-2035

CAGR

5.1%

Base Year Market Size (2025)

USD 9.37 billion

Forecast Year Market Size (2035)

USD 15.41 billion

Regional Scope

  • North America (U.S. and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC, North Africa, South Africa, Rest of the Middle East and Africa)
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Ultrasound Devices Market Segmentation:

End-user Segment Analysis

In ultrasound devices market, hospital segment is poised to capture substantial share by 2035, on account of rising patient flow in hospitals worldwide, driving the need for more hospitals equipped with the latest medical equipment & technology. The National Centre for Biotechnology Information states that 1 in 3 adults is suffering from multiple chronic conditions, which is one of the most common reasons that hospitals are witnessing unprecedented patient flow.

Our in-depth analysis of the global market includes the following segments:

        By Application
  • Radiology
  • Gynecology
  • Cardiology
  • Urology
  • Vascular

         By Technology
  • 2D Ultrasound Imaging
  • 3D and 4D Ultrasound Imaging
  • Doppler Imaging
  • High–Intensity Focused Ultrasound

          By End-User
  • Hospitals
  • Clinics
  • Research Centers
Vishnu Nair
Vishnu Nair
Head - Global Business Development

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Ultrasound Devices Market Regional Analysis:

Asia Pacific Market Insights

By the end of 2035, Asia Pacific region in ultrasound devices market is estimated to account for significant revenue share, on the back of the growing expenditure on healthcare infrastructure owing to the rising need for healthcare facilities in the region with the burgeoning population. The region consists of highly populous nations such as China and India. According to the data, every day more than 65,000 babies are born in India. Therefore, the global ultrasound device market in the Asia Pacific region is projected to grow significantly during the forecast period.

Ultrasound Devices Market Share
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Ultrasound Devices Market Players:

    • Siemens Healthcare GmbH
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Koninklijke Philips N.V.
    • General Electric Company               
    • Canon Medical Systems Corporation
    • Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
    • Samsung Medison Co., Ltd.
    • FUJIFILM Sonosite, Inc.
    • Konica Minolta, Inc.
    • Shantou Institute of Ultrasonic Instruments Co.,
    • Terason Divison Teratech Corporation 

Recent Developments

  • Siemens Healthcare GmbH – along with Penta Hospitals International announced a valued partnership to enhance healthcare in Slovakia.

  • Koninklijke Philips N.V. - joins hands with DiA Imaging Analysis for enhancing ultrasound with AI-based image quantification.

  • Report ID: 4097
  • Published Date: Sep 09, 2025
  • Report Format: PDF, PPT
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Frequently Asked Questions (FAQ)

In the year 2026, the industry size of ultrasound devices is estimated at USD 9.8 billion.

The global ultrasound devices market size crossed USD 9.37 billion in 2025 and is likely to register a CAGR of over 5.1%, exceeding USD 15.41 billion revenue by 2035.

North America ultrasound devices market will dominate over 40% share by 2035, owing to the rapid advancements in ultrasound technology.

Key players in the market include Siemens Healthcare GmbH, Koninklijke Philips N.V., General Electric Company, Canon Medical Systems Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Samsung Medison Co., Ltd., FUJIFILM Sonosite, Inc., Konica Minolta, Inc., Shantou Institute of Ultrasonic Instruments Co., Terason Divison Teratech Corporation.

Ultrasound Devices Market Report Scope

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