Global Ultrasound Market Research Report: Ken Research

Posted by kenresearch on December 2nd, 2020

Global Ultrasound Market is valued at approximately USD 5.8 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 6.40 % over the forecast period 2020-2027. Ultrasound technology produces diagnostic images using high-frequency sound waves. The technology is vastly used in medical science to visualize kidneys, lover, human fetus, heart, blood vessels, and other organs. Thus, the growing prevalence of chronic diseases such as diabetes, heart disease, and cancer increases the demand for Ultrasound procedures for organ visualization. As per the American Heart Association's Circulation Journal Report Annual Statistics update issued in January 2019, 48% of adults in the US have some form of CVD. Also, as per the European Heart network report 2017; cardiovascular diseases cause 3.9 million deaths in Europe accounting for 45% of all the deaths. While, as per the International Diabetes Federation (IDF) Europe region 59 million people have diagnosed with diabetes and is projected to increase to 68 million by 2045. Further Ultrasound screening is the gold standard for fetal screening, thus the growing birth rates and in-vitro fertilization treatment rates fuel the market growth. Also, recommended periodic screenings set by governments such as mammographic screening for women above 40 years of age support the market growth. Moreover, the rise in public & private investments and grants and funds for the developments of ultrasound devices and the expanding application of ultrasound drives the market growth. However, the lack of skilled labor impedes the growth of the market over the forecast period of 2020-2027. Although, the advent of 3D/4D Ultrasound for diagnosis and better visualization presents a lucrative opportunity for the market.

The regional analysis of global Ultrasound market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the well-established healthcare infrastructure and growing periodic monitoring in the region. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising incidences of Chronic diseases and swelling investments in medical infrastructure would create lucrative growth prospects for the Ultrasound market across the Asia-Pacific region.

Major market player included in this report are:

GE Healthcare

Koninklijke Philips N.V.

Canon Medical Systems Corporation

Siemens Healthineers AG

Hitachi, Ltd.

Samsung Electronics , Ltd.

FUJIFILM Holdings Corporation

Esaote S.p.A.

Mindray Medical International Ltd.

Shimadzu Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of the competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:






By Display:



By Portability:

Trolley/ Cart-based

Compact/ Handheld

Point of Care (PoC)

By Applications:

General Imaging






By End user:


Maternity Center

Ambulatory Care Centers

By Region:

North America










Asia Pacific





South Korea


Latin America



Rest of the World

Furthermore, the years considered for the study are as follows:

Historical year-2017, 2018

Base year-2019

Forecast period-2020 to 2027

Target Audience of the Global Ultrasound Market in Market Study:

Key Consulting Companies & Advisors

Large, medium-sized, and small enterprises

Venture capitalists

Value-Added Resellers (VARs)

Third-party knowledge providers

Investment bankers


For More Information on the Research Report, refer to the below links: -

Global Ultrasound Market  Outlook

Contact Us:-

Ken Research

Ankur Gupta, Head Marketing & Communications


Like it? Share it!


About the Author

Joined: November 28th, 2017
Articles Posted: 620

More by this author