Press Release

Ultrasound Devices Market Revenue and Trends 2025 to 2033

The global ultrasound devices market revenue surpassed US$ 9.35 billion in 2024 and is predicted to attain around US$ 14.18 billion by 2033, growing at a CAGR of 4.74% during the forecast period from 2025 to 2033.

The ultrasound devices market is undergoing significant evolution, driven by the integration of artificial intelligence (AI), the widespread adoption of portable Point-of-Care Ultrasound (POCUS), and advancements in therapeutic High-Intensity Focused Ultrasound (HIFU) technology. These trends are not only enhancing diagnostic capabilities but also expanding the scope of ultrasound applications across various medical fields. As innovation continues to unfold, specialized applications and a growing emphasis on sustainability are shaping the future of ultrasound technology, pushing manufacturers to develop more eco-friendly and efficient devices.

A noteworthy development in this evolution is the rise of point-of-care applications, where handheld devices, such as GE Healthcare's Vscan Air, are making it possible to conduct specialist-level diagnostics in primary care settings. This advancement is particularly significant in light of the global shortages of radiologists, as it empowers healthcare providers to deliver timely and accurate assessments without the need for specialized imaging centers. By facilitating access to high-quality diagnostic tools in various healthcare environments, these portable devices are transforming patient care and enhancing the overall efficiency of healthcare systems worldwide.

Ultrasound Devices Market Key Takeaways

• The ultrasound devices market is anticipated to reach a remarkable US$ 14.18 billion by 2033, with a compound annual growth rate (CAGR) of 4.74% projected during the forecast period from 2025 to 2033.
• When examining the market by technology, diagnostic ultrasound holds a commanding position, accounting for an impressive 92.4% market share. This dominance can be attributed to its non-invasive safety and versatility, allowing cross-specialty adaptability across numerous medical fields.
• In terms of display type, color ultrasound devices enjoy a substantial 90.9% market share, primarily due to their superior diagnostic accuracy.
• Regarding portability, cart-based systems remain the mainstay in emergency rooms (ER) and intensive care units (ICU), holding a significant 57.31% share.
• In terms of application, radiology leads the ultrasound devices market with a 29.6% market share, a position bolstered by the growing prominence of elastography.

Regional Analysis

The Asia Pacific region commands a significant portion of the global ultrasound devices market, holding a 29.65% revenue share. This robust market presence is driven by several factors, including the aging populations in many countries, government initiatives aimed at healthcare digitization, and the increasing popularity of portable ultrasound devices.

As the population ages, the demand for diagnostic imaging services has escalated, prompting healthcare systems to invest in advanced technologies that deliver timely and accurate results. Government-led efforts to digitize healthcare infrastructures are further enhancing the accessibility and efficiency of ultrasound services, thereby contributing to the sector's growth.

China and India are at the forefront of this market expansion, with China being a notable contributor. The country is expected to account for 40% of regional growth, largely due to its ambitious "Healthy China 2030" initiative. This strategic plan mandates the installation of ultrasound equipment in 90% of primary care centers by 2025, significantly boosting the demand for ultrasound devices. 

This government directive highlights the importance of early diagnosis and treatment in primary care settings and reflects a broader commitment to improving healthcare accessibility across the nation. As a result, manufacturers are increasingly focused on meeting the rising demand for ultrasound technology in China, positioning themselves for substantial growth opportunities.

Market Overview

Ultrasound devices are experiencing a surge in popularity, largely fueled by the growing demand for non-invasive medical procedures and significant advancements in imaging technology. As patients and healthcare providers increasingly prioritize treatments that minimize discomfort and recovery time, ultrasound has emerged as a preferred option in various diagnostic and therapeutic applications. The market for ultrasound technology is projected to continue its upward trajectory, driven by several key factors. 

One of the most prominent drivers is the rising prevalence of chronic diseases, such as cardiovascular disorders and diabetes, which necessitate regular monitoring and advanced imaging for effective management. Additionally, there is a notable shift towards minimally invasive treatments, where ultrasound plays a critical role in guiding procedures and ensuring precision, thereby enhancing patient outcomes and satisfaction.

As the ultrasound market expands, it is being shaped by two opposing forces that reflect the diverse needs of different healthcare environments. On one hand, there is the premiumization of advanced ultrasound systems in developed markets. These systems are equipped with cutting-edge features, such as enhanced imaging capabilities, artificial intelligence integration, and sophisticated software, catering to healthcare facilities that demand high-quality imaging and diagnostic accuracy.

Market Growth Factors

Driver

AI-Powered Diagnostic Accuracy: The integration of AI technology into medical imaging is significantly enhancing diagnostic accuracy and reducing interpretation errors made by radiologists. AI algorithms analyze imaging data with remarkable precision, identifying patterns and abnormalities that may be overlooked by human eyes. This technology serves as a valuable tool for radiologists, providing them with enhanced decision-support capabilities. 

Growing Adoption of Handheld POCUS: The growing adoption of handheld Point-of-Care Ultrasound (POCUS) devices is transforming emergency and rural medicine by providing immediate diagnostic capabilities at the bedside. These portable ultrasound units are particularly beneficial in settings where access to traditional imaging facilities may be limited. 

Restraint

High Costs of Advanced HIFU Systems: The high costs associated with advanced High-Intensity Focused Ultrasound (HIFU) systems pose a significant barrier to widespread adoption. These sophisticated devices often require substantial financial investment for procurement, maintenance, and operation. As a result, healthcare facilities, particularly in resource-constrained environments, may find it challenging to justify the expense. 

Shortage of Trained Operators in Emerging Markets: The shortage of trained operators in emerging markets further hinders the effective utilization of HIFU devices. The successful application of HIFU technology requires specialized knowledge and skills, which are often lacking in these regions. Without adequately trained personnel, healthcare facilities may struggle to implement HIFU procedures safely and effectively, leading to underuse of the technology. 

Top Trends

Specialty-Specific Ultrasound Systems: Specialty-specific ultrasound systems designed for cardiology cater to the unique requirements of cardiac imaging and diagnostics. These advanced systems utilize cutting-edge imaging technologies to deliver high-resolution echocardiograms, enabling clinicians to accurately assess heart structure and function. 

Sustainable Manufacturing in Ultrasound Technology: The shift towards sustainable manufacturing in ultrasound technology is increasingly evident through the implementation of modular designs. These systems are constructed to allow for easy upgrades and component replacements, thereby reducing waste and extending the lifespan of the equipment.

Recent Developments

• In April 2025, Turkish scientist and MIT associate professor Canan Dağdeviren made history by successfully sending her groundbreaking wearable ultrasound device into space.
• In March 2025, Wipro GE Healthcare announced the launch of Versana Premier R3. It is an advanced AI-enabled ultrasound system that aims to enhance clinical efficiency and accuracy, streamline workflows, and improve patient outcomes.
• In March 2025, GE HealthCare Korea introduced the Vscan Air PT (Personal Trainer) app, designed to provide virtual training for its portable wireless ultrasound device, the Vscan Air series.
• In February 2025, Egypt is set to launch the country's first ultrasound device factory, a landmark initiative that emphasizes Egypt's commitment to bolstering its domestic medical industry and attracting foreign investment.
• In February 2025, Merz Aesthetics Korea announced the upcoming launch of Ultherapy PRIME, its next-generation ultrasound lifting device, scheduled for mid-March following regulatory approval received in January.

Ultrasound Devices Market Key Players

• Canon Medical Systems Corporation
• FUJIFILM OneSite, Inc.
• GE Healthcare
• B. Braun
• Hologic Inc.
• Konica Minolta Inc.
• Koninklijke Philips N.V.
• Mindray Medical International Limited
• Samsung Medison Co., Ltd.
• Siemens Healthier AG
• Analogic Corporation
• Neusoft Corporation
• Trivitron Healthcare
• CHISON Medical Technologies Co. Ltd.
• Terason
• Esaote SpA
• Other Prominent Players

Market Segmentation

By Technology

• Diagnostic Ultrasound
• Therapeutic Ultrasound

By Display Type

• Color Ultrasound Devices
• Black and White (B/W) Ultrasound Devices

By Portability

• Trolley/Cart-based Ultrasound Devices
• Compact/Handheld Ultrasound Devices
• Point-of-care Ultrasound Devices

By Application

• Radiology/General Imaging
• Cardiology
• Gynecology
• Vascular
• Urology
• Others

By End User

• Hospitals
• Surgical Centers
• Diagnostic Centers
• Ambulatory Surgical Centers
• Maternity Centers
• Others

By Geography

• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa (MEA)