Global Diagnostic Ultrasound Market By Technology (2D, 3D & 4D, and Doppler), By Application (General Imaging, Radiology, and Other Applications), By Portability, By End-User, By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends, and Forecast 2023-2032

Report Overview

In 2022, the Global Diagnostic Ultrasound Market was valued at USD 7.1 Billion and is expected to reach around USD 11.1 Billion in 2032. Between 2023 and 2032, this market is estimated to register the highest CAGR of 4.7%.

Diagnostic ultrasound is also known as sonography or diagnostic medical sonography. It is an imaging method that uses sound waves to produce images of structures within the body. This image provides important information for diagnosis and directing treatments for various diseases and conditions.

Diagnostic ultrasounds are further classified into anatomical ultrasound and functional ultrasound. Anatomical ultrasounds are used in the imaging of internal organs and their structures.

Functional ultrasounds play an important role in gathering information on the movement and velocity of tissues or blood.  The most significant use of ultrasound is during pregnancy. The diagnostic ultrasound provides information about the baby’s growth, development, and overall growth. With the increasing burden of chronic diseases such as cancer, heart disease, and diabetes, the need for diagnostic ultrasounds is increasing.

*Actual Numbers Might Vary In The Final Report

Key Takeaways

• Technological Innovations: Technological innovations have provided ultrasound equipment with enhanced image quality, portability, and the development of 3D/4D ultrasound systems – expanding diagnostic ultrasound’s applications considerably.
• Point-of-Care Ultrasound: Point-of-Care Ultrasound (POCUS) has quickly gained in popularity as it allows real time imaging at bedside. Used extensively across emergency medicine, critical care, and various clinical specialties it allows real time diagnostic imaging at any moment during treatment.
• Market Segmentation: The diagnostic ultrasound market encompasses various product categories, including 2D ultrasound, 3D/4D ultrasound devices and Doppler ultrasound technology. Each has specific applications and user bases.
• Applications: Diagnostic ultrasound technology has numerous medical uses, from obstetrics and gynecology, cardiology, musculoskeletal imaging and urology to general imaging applications. Furthermore, its scope continues to expand into additional fields.
• Emerging Markets: Due to economic development, improved healthcare infrastructure, and increasing awareness about medical imaging benefits in emerging markets, diagnostic ultrasound adoption has increased exponentially over recent years.

Driving Factor

Increasing Application in Diagnosis of Chronic Diseases Driving the Market Growth

The applications of diagnostic ultrasounds are increasing in hospitals, maternity centers, radiology, and ambulatory surgical services, which is the primary factor driving the growth of the diagnostic ultrasound market. Due to the small size and reliability of ultrasounds, the demand for ultrasound machines is increasing in the healthcare industry.

The increasing geriatric population in developed and developing countries is propelling Diagnostic Ultrasound market growth. Increasing use of ultrasound in cancer diagnosis driving the demand for diagnostic ultrasound machines. Worldwide there is an emergence of cardiovascular diseases such as coronary heart diseases and rheumatic heart diseases.

Diagnostic ultrasounds help surgeons with cardiovascular disease diagnosis. Diagnostic ultrasound machines are safer than X-ray and CAT scans.

Technological Advancements in Diagnostic Ultrasound Machines Driving the Market Growth

The technological advancements in ultrasound systems are driving Diagnostic Ultrasound market growth very effectively. Artificial intelligence in ultrasound is helpful in ultrasound imaging, enhances the quality of the process, and boosts the accuracy of diagnosis.

AI in diagnostic ultrasound systems provides expert guidance, intelligent interpretation capabilities, and automated quality assessment. Researchers are focusing on the adoption of artificial intelligence for automatically recognizing complex patterns in imaging data and providing quantitative assessments of radiographic data. AI plays an important role in radiation oncology, used in different stages of treatments.

Restraining Factor

Lack of Skilled Professionals Hampering the Growth of the Diagnostic Ultrasound Market

Diagnostic ultrasound machines are technologically advanced. Thus, they need regular maintenance, and high maintenance costs hamper the Diagnostic Ultrasound market growth. Sometimes, diagnostic ultrasound machines are unable to detect disease defects and clear images.

The lack of skilled professionals, especially in middle-income countries, has a negative impact on Diagnostic Ultrasound market growth.  Sometimes diagnostic ultrasound machines are unable to detect disease defects and clear images.

Technology Analysis

The 2D Segment is Dominant in the Market, with Largest Market Revenue Share

The diagnostic ultrasound market is classified into 2D, 3D & 4D, and Doppler based on technology. The 2D segment was dominant in the market, with the largest revenue share of 37% in 2022.

The 2D ultrasounds are easily available in the market and are cost-effective. They have significant application during pregnancy, as it creates a black-and-white image that displays the skeletal structure of the baby and makes the interior organs visible.

It is generally used to diagnose of baby’s health. The accuracy rate of 2D ultrasounds is 95-98% depending on the baby, mother, and operated-related factors. The 2D ultrasounds are easy to handle, time-saving, and cheaper in costs as compared to other technologies. Also, advanced image quality and fast outcomes result in the increasing use of diagnostics centers.

The 3D & 4D segment is expected to grow at the fastest CAGR in the forecast period. The 3D & 4D ultrasounds help to spot birth defects and health issues that may not necessarily show up on other tests. It is useful in the visualization of embryonic movements two weeks earlier than 2D ultrasound as compared to other ultrasounds. The Doppler imaging ultrasound is a painless way for healthcare providers to access the health of blood vessels and check for cardiovascular problems.

Application Analysis

Obstetrics/Gynecology Segment is Dominant in the Market, with Largest Market Revenue Share

On the basis of application, the diagnostic ultrasound market is segmented into general imaging, cardiology, obstetrics/gynecology, anesthesiology, radiology, and other applications. The obstetrics/gynecology segment was dominant in the market, with the largest Diagnostic Ultrasound market revenue share of 28% in 2022.

Obstetrical ultrasounds are useful in clinical tests to establish the presence of a living embryo or fetus, the age of the pregnancy, and useful in the diagnosis of abnormalities of the fetus. It has significant applications in the estimation of gestational age, location of the placenta, confirmation of pregnancy, and monitoring of fetal well-being.

The advancements in 3D & 4D ultrasounds are driving the demand for diagnostic ultrasounds in gynecology. Radiology is the second fastest-growing segment in the diagnosis ultrasound market.

Ultrasounds in radiology are used to monitor an unborn baby and guide a surgeon during certain procedures. Ultrasound guidance allows the anesthetists to secure an accurate needle position and monitor the distribution of the local anesthetic in real time.

Portability Analysis

Trolley-Based Segment is Dominant in Market with Largest Market Revenue Share

Based on portability, the diagnostic ultrasound market is segmented into trolley-based and compact/handheld. The trolley-based diagnostic ultrasounds segment was dominant in the Diagnostic Ultrasound market, with the largest market revenue share of 68% in 2022.

Trolley-based diagnostics ultrasounds are easy to relocate and move from one place to other in hospitals and diagnostic centers. This is ideal for fetal monitors, patient monitors, ECG machines, and various medical devices.

This enables healthcare specialists to diagnose bedridden patients conveniently at the bedside without any disruption in treatment. The trolley-based ultrasounds are cost-effective and don’t need more space, enabling the adoption of trolley-based ultrasounds in small clinics and physicians.

End-User Analysis

The Hospital Segment is Dominant in the Market, with Largest Market Revenue Share

Based on end-user, the diagnostic ultrasound market is classified into hospitals, maternity centers, diagnostic centers, ambulatory surgical services, and other end-users. The hospital segment was dominant in the Diagnostic Ultrasound market, with the largest market revenue share of 25% in 2022. With the increasing number of hospitals and the rising burden of chronic diseases, the demand for diagnostic ultrasounds is increasing in hospitals.

Small clinics and multispecialty hospitals are rapidly adopting diagnostic ultrasounds due to the emergence of chronic diseases and their diagnosis. The maternity centers are expected to grow at the fastest CAGR during the forecast period due to the increasing need in the diagnosis of baby’s conditions & growth and determining the gestational age of the baby.

Key Market Segments

By Technology

• 2D
• 3D & 4D
• Doppler

By Application

• General Imaging
• Cardiology
• Obstetrics/Gynecology
• Anesthesiology
• Radiology
• Other Applications

By Portability

• Trolley-Based
• Compact/Handheld

By End-User

• Hospitals
• Maternity centers
• Diagnostic Centers
• Ambulatory Surgical services
• Other End-Users

Growth Opportunity

The Increasing Burden of Chronic Diseases Expected to Create Lucrative Growth Opportunities in the Global Diagnostic Ultrasound Market

The burden of cardiovascular diseases is increasing due to changing lifestyles. Thus, the demand for diagnostic ultrasound is increasing in the diagnosis of diseases. Therefore, the demand for ultrasound machines is expected to increase in the healthcare sector. Diagnostic ultrasound plays an important role during pregnancy in detecting the baby’s health and the baby’s structural conditions.

Also, increasing the use of diagnostic ultrasound machines in the guidance of placing central venous catheters and placing peripheral venous catheters is expected to drive the Diagnostic Ultrasound market. Ultrasound guidance allows healthcare specialists and surgeons to detect anatomical targets and surrounding structures such as vessels, soft tissues, and nerves in real time.

Thus increasing the use of diagnostic ultrasound in healthcare sectors is expected to create lucrative growth opportunities in the global diagnostic ultrasound market.

Latest Trends

Increasing Use During Pregnancy Driving the Demand for Diagnostic Ultrasound in Healthcare Sector

The population of the world is increasing, leading to rising in the birth rate. The in-vitro fertilization treatment rates and extensive use of diagnostic ultrasound during pregnancy for fetal health and monitoring are increasing. Surgeons and healthcare specialists are adopting ultrasound for the effective and proper detection of diseases.

Technological advancements in diagnostic ultrasound, such as sensors, automatic monitoring, and the emergence of artificial intelligence in ultrasound imaging, drive the Diagnostic Ultrasound market’s product demand. There are some key trends in the global diagnostic ultrasound market.

Regional Analysis

North America Region is Dominant in Global Diagnostic Ultrasound Market

North America led the market with the largest market revenue share of 31.5% in 2022. The growth of the market in this region is propelled by the increasing prevalence of chronic diseases. Around 48% of adults in the United States are suffering from cardiovascular diseases.

The governmental bodies are funding healthcare sectors to overcome such problems. This has spurred new innovations in the healthcare industry. Also, the technological advancement rate of North America is more, driving the regional growth of the Diagnostic Ultrasound market.

Asia Pacific is expected to drive the fastest CAGR during the forecast period due to the increasing geriatric population and rising burden of chronic diseases in middle-income countries. The increasing investment of the government in improving healthcare facilities in emerging economies is expected to create Diagnostic Ultrasound market growth opportunities in the forecast period.

Key Regions

• North America
  • The US
  • Canada
  • Mexico
• Western Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Portugal
  • Ireland
  • Austria
  • Switzerland
  • Benelux
  • Nordic
  • Rest of Western Europe
• Eastern Europe
  • Russia
  • Poland
  • The Czech Republic
  • Greece
  • Rest of Eastern Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Australia & New Zealand
  • Indonesia
  • Malaysia
  • Philippines
  • Singapore
  • Thailand
  • Vietnam
  • Rest of APAC
• Latin America
  • Brazil
  • Colombia
  • Chile
  • Argentina
  • Costa Rica
  • Rest of Latin America
• Middle East & Africa
  • Algeria
  • Egypt
  • Israel
  • Kuwait
  • Nigeria
  • Saudi Arabia
  • South Africa
  • Turkey
  • United Arab Emirates
  • Rest of MEA

Key Players Analysis

Key market players are focusing on research & development activities to improve machine quality and accuracy. Major key players in the diagnostic ultrasound market are Canon Medical Systems Corporation, Esaote S.P, GE GealthCare Technologies Inc., Hologi Inc., Konica Minolta Inc., Koninklijke Philips N.V., Samsung Electronics Co. Ltd., Siemens Healthineers AG, Fujifilm Holdings Corporation, Mindray Medical International Limited, KronosMD Inc., Canon Inc., and Other Key Players.

Listed below are some of the most prominent key players in the diagnostic ultrasound market

Market Key Players

• Canon Medical Systems Corporation
• Esaote S.P
• GE GealthCare Technologies Inc.
• Hologi Inc.
• Konica Minolta Inc.
• Koninklijke Philips N.V.
• Samsung Electronics Co. Ltd.
• Siemens Healthineers AG
• Fujifilm Holdings Corporation
• Mindray Medical International Limited
• KronosMD Inc.
• Canon Inc.
• Other Key Players

Recent Developments

• In February 2023, GE HealthCare Inc. acquired the San Mateo- headquartered AI medical technology manufacturers.
• In August 2020, Siemens Healthineers AG announced it would acquire Varian Medical System representing a return to radiation therapy after the discontinuation of Siemens’s own linear acceleration.

Report Scope