Key Takeaways
- The global ultrasound market was valued at USD 8,428.5 million in 2022 and is expected to grow at a CAGR of 5.4% from 2023 to 2030.
- In 2023, the diagnostic ultrasound market size reached USD 7.2 billion, projected to hit USD 10.5 billion by 2028 at a CAGR of 7.9%.
- The ultrasound device market in North America accounted for 41.2% revenue share in 2023, valued at over USD 3.4 billion.
- In 2023, shear wave elastography technology in ultrasound systems advanced with AI integration, improving liver fibrosis detection accuracy to 92% from 85%.
- 5G-enabled ultrasound devices were introduced in 2023, reducing image transmission latency to under 10ms for real-time telesurgery.
- AI-powered Doppler ultrasound software achieved 95% accuracy in automated blood flow quantification in 2023 trials.
- In 2023, abdominal ultrasound was performed 45 million times globally for obstetric screening.
- Cardiac ultrasound (echocardiography) accounted for 28% of all ultrasound procedures, over 60 million annually in 2023.
- Musculoskeletal ultrasound usage grew 15% YoY in 2023, with 12 million scans for sports injuries.
- In 2023, North America held 40.5% of the global ultrasound market share with USD 3.7 billion revenue.
- Europe ultrasound market grew at 5.2% CAGR from 2018-2023, valued at USD 2.8 billion in 2023.
- Asia-Pacific region accounted for 25% of global ultrasound installations, 1.2 million units in 2023.
- GE Healthcare held 28.5% global ultrasound market share in 2023 with USD 2.6 billion revenue.
- Philips Healthcare ultrasound division generated EUR 2.1 billion in 2023, 22% market share.
- Siemens Healthineers Acuson portfolio captured 19% share, USD 1.8 billion sales 2023.
The ultrasound market is growing rapidly due to technological advances and point-of-care adoption.
Clinical Applications and Usage
Clinical Applications and Usage Interpretation
Key Players and Competition
Key Players and Competition Interpretation
Market Size and Growth
Market Size and Growth Interpretation
Regional and Global Distribution
Regional and Global Distribution Interpretation
Technological Advancements
Technological Advancements Interpretation
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