The Latest Ultrasound Industry Statistics Explained
The global ultrasound market size was valued at $6.45 billion in 2018.
The statistic that the global ultrasound market size was valued at $6.45 billion in 2018 indicates the total monetary value of ultrasound equipment and services sold worldwide during that year. This highlights the significant economic scale of the ultrasound technology and services industry, demonstrating a substantial demand and investment in medical imaging equipment for diagnostic and therapeutic purposes across various healthcare sectors globally. The market value provides insights into the growth and importance of ultrasound technology in modern healthcare practices, reflecting its widespread use and impact in medical fields.
The ultrasound market size is projected to reach USD 9.0 billion by 2026.
The statistic indicates that the ultrasound market is expected to grow significantly over the next few years, reaching a value of USD 9.0 billion by the year 2026. This projection suggests a substantial increase in demand for ultrasound technology, likely driven by factors such as advancements in healthcare technology, greater adoption of diagnostic imaging procedures, and an aging population that requires more medical imaging services. The growth in the ultrasound market size presents opportunities for companies operating in this sector to expand their market share, develop innovative products, and capitalize on the increasing demand for ultrasound services in various healthcare settings worldwide.
From 2021 to 2028, the ultrasound market is expected to grow at a compound annual growth rate (CAGR) of 6.3%.
This statistic indicates that the ultrasound market is projected to experience consistent growth over the period from 2021 to 2028, with an average annual growth rate of 6.3%. The compound annual growth rate (CAGR) is a measure that smoothens out the fluctuations in growth rates over time, providing a more accurate representation of the overall growth trend. A CAGR of 6.3% suggests that the market is expanding steadily, implying increasing demand for ultrasound technology, likely driven by factors such as technological advancements, expanding applications in various industries, and rising healthcare needs. This projection can help stakeholders in the ultrasound industry anticipate market trends and plan for future developments and investments.
The handheld ultrasound sector was worth $62.1 million in 2020 and is expected to grow at a 10.7% CAGR.
The statistic indicates that the handheld ultrasound sector had a market value of $62.1 million in 2020 and is projected to experience continuous growth with a compound annual growth rate (CAGR) of 10.7%. This suggests a positive trend in the market as the sector is expected to increase in value over time. The rising demand for portable and efficient medical imaging technology, such as handheld ultrasounds, is likely to be the primary driver behind this growth. With advancements in technology and increasing adoption of point-of-care diagnostics, the handheld ultrasound market is poised for expansion in the coming years, presenting opportunities for stakeholders in the healthcare industry.
The Asia Pacific market dominated the global ultrasound industry in 2020, accounting for 46.4% of the total revenue.
The statistic stating that the Asia Pacific market dominated the global ultrasound industry in 2020, accounting for 46.4% of the total revenue implies that the countries in the Asia Pacific region collectively generated the highest revenue compared to other regions in the ultrasound industry. This indicates a significant market share and economic influence in the global ultrasound market. The dominance of the Asia Pacific market suggests a strong demand for ultrasound technologies and services in the region, potentially driven by factors such as the increasing healthcare infrastructure, rising healthcare expenditure, technological advancements, and growing awareness about early disease detection and diagnosis among the population. As a result, companies operating in the ultrasound industry may consider focusing on this region to tap into its market potential and capitalize on the growing demand for ultrasound products and services.
Worldwide, over 5 million ultrasound procedures are performed every year.
The statistic that over 5 million ultrasound procedures are performed worldwide every year provides insight into the widespread usage and importance of ultrasound technology in healthcare. Ultrasound procedures are commonly used for various medical purposes, including imaging internal organs, monitoring pregnancy, and diagnosing medical conditions. The large number of procedures indicates the significant role that ultrasound plays in modern medicine, allowing healthcare professionals to obtain real-time images and information non-invasively. This statistic highlights the global reach of ultrasound technology and its integral role in medical diagnosis and treatment on a large scale.
About 54% of ultrasound machines were used in hospital settings in 2017.
The statistic “About 54% of ultrasound machines were used in hospital settings in 2017” indicates that the majority of ultrasound machines in 2017 were utilized within hospital environments. This suggests that hospitals were the primary users of ultrasound machines, potentially due to the high demand for medical imaging services in a hospital setting. The percentage value of 54% gives us an understanding of the distribution of ultrasound machine usage across different types of healthcare facilities, highlighting the importance of hospitals as key providers of diagnostic imaging services using ultrasound technology in the given year.
The gynecology and obstetrics application sector in ultrasound is expected to be valued at $1.53 billion by 2026.
The statistic suggests that the gynecology and obstetrics application sector within the ultrasound industry is projected to reach a market value of $1.53 billion by the year 2026. This forecast likely indicates a growing demand for ultrasound technologies specifically within the fields of gynecology and obstetrics. Factors such as advancements in ultrasound technology, increasing awareness about the benefits of ultrasound in gynecological and obstetric care, and rising healthcare expenditures could be driving this anticipated market growth. Stakeholders within the ultrasound industry, including manufacturers, healthcare providers, and investors, may use this statistic to guide their strategic decisions and investments in order to capitalize on the expected growth in this sector.
The portable ultrasound market size is estimated to reach $3.39 billion in 2025, growing at a CAGR of 8.8% from 2020 to 2025.
The statistic indicates that the portable ultrasound market is projected to expand significantly, with an estimated market size of $3.39 billion by 2025, representing a Compound Annual Growth Rate (CAGR) of 8.8% from 2020 to 2025. This suggests a steady and positive growth trend in the market over the specified period, driven by factors such as technological advancements, increasing demand for point-of-care diagnostics, and the growing adoption of portable ultrasound devices in various healthcare settings. The CAGR value of 8.8% reflects the average annual growth rate of the market, indicating the potential for sustained growth and opportunities for stakeholders in the portable ultrasound industry.
The annual sales of diagnostic ultrasound devices in Japan are around 250 billion yen as of 2020.
The statistic indicates that the total annual sales of diagnostic ultrasound devices in Japan reached approximately 250 billion yen in the year 2020. This suggests a significant market size and demand for ultrasound technology in the country. The figure reflects the amount of revenue generated from the sales of ultrasound devices specifically used for diagnostic purposes, showcasing the importance of this medical technology within the healthcare industry in Japan. The statistic serves as a key indicator of the market performance and growth potential of diagnostic ultrasound devices in Japan.
Europe held over 25% revenue share in the ultrasound market in 2020.
The statistic that “Europe held over 25% revenue share in the ultrasound market in 2020” indicates that European countries collectively accounted for more than one-fourth of the total revenue generated in the ultrasound market in the year 2020. This suggests that Europe is a significant player in the global ultrasound market, contributing substantially to the overall revenue generated by ultrasound equipment and services worldwide. This statistic highlights the importance of the European region in driving market growth and innovation within the ultrasound industry, showcasing its strong presence and influence in this particular healthcare sector.
The therapeutic ultrasound market is projected to reach $3.51 billion by 2024.
The statistic that the therapeutic ultrasound market is projected to reach $3.51 billion by 2024 indicates the anticipated financial value of the market for therapeutic ultrasound devices and services by that year. This projection suggests a significant growth trajectory, reflecting both an increasing demand for therapeutic ultrasound technologies in the healthcare industry and the continued advancement and adoption of such technologies. Factors driving this market growth may include the expanding applications of therapeutic ultrasound in various medical treatments, the potential benefits of non-invasive and targeted therapy offered by ultrasound devices, and the growing investments in research and development within the field. This projection provides valuable insights for industry stakeholders, investors, and policymakers looking to understand and capitalize on the opportunities within the therapeutic ultrasound market in the coming years.
The Sonography market is expected to increase by a CAGR of about 6% between 2020 and 2026.
This statistic indicates that the Sonography market is projected to grow at a Compound Annual Growth Rate (CAGR) of approximately 6% over the period from 2020 to 2026. A CAGR is a measure of the mean annual growth rate of an investment over a specified time period, assuming the growth happens at a steady rate. In this context, the Sonography market is forecasted to expand steadily at around 6% each year from 2020 to 2026. This growth rate suggests increasing demand for Sonography services and equipment during the specified timeframe, likely driven by factors such as technological advancements, rising healthcare needs, and expanding applications of Sonography in various medical fields.
The market value of ultrasound devices in France amounted to approximately 83 million euros in 2020.
The statistic indicates that the total market value of ultrasound devices in France was approximately 83 million euros in the year 2020. This figure represents the monetary worth of all ultrasound devices sold or used within the French market during the specified time period. The market value serves as a key indicator of the economic significance and demand for ultrasound devices in the healthcare sector in France. This information is crucial for stakeholders such as healthcare providers, manufacturers, and policymakers to understand the market dynamics, assess the industry’s performance, and make informed decisions regarding investments, pricing strategies, and resource allocations within the ultrasound device market in France.
China’s ultrasound market is expected to reach $1.71 billion by 2021.
The statistic suggests that the ultrasound market in China is projected to grow significantly and reach a total value of $1.71 billion by the year 2021. This forecast indicates a positive trend in the demand for ultrasound services and technologies within the Chinese healthcare sector. The increasing investment and adoption of ultrasound equipment and services in the country reflect advancements in medical imaging technology and a growing emphasis on healthcare infrastructure development. The substantial market size projected for 2021 demonstrates the expanding opportunities and potential for growth within the ultrasound industry in China, highlighting a promising outlook for both suppliers and providers of ultrasound products and services.
The global ultrasound devices market for cardiology was worth $1.27 billion in 2015.
The statistic indicates that in 2015, the global market for ultrasound devices specifically used in cardiology had a total worth of $1.27 billion. This value represents the aggregate sales and revenue generated from the production and distribution of ultrasound devices tailored for cardiology applications on a global scale during that particular year. The market size suggests a significant demand for ultrasound technology within the cardiology sector, likely driven by factors such as technological advancements, increasing prevalence of cardiovascular diseases, and the utility of ultrasound in diagnosing and monitoring cardiac conditions. This statistic serves as a crucial indicator of the economic magnitude of the cardiology ultrasound market in 2015 and provides insight into the importance of ultrasound technology in the healthcare industry’s cardiology segment.
Ultrasound income has increased by 1.5-fold over the last decade.
The statistic “Ultrasound income has increased by 1.5-fold over the last decade” implies that the total income generated from ultrasound services has grown by 1.5 times its original value over the past ten years. This could be interpreted as a 50% increase in income from ultrasound procedures since 2011. The increase suggests a significant rise in demand and utilization of ultrasound services, potentially driven by advancements in technology, increased access to healthcare, or changes in medical practice patterns. This statistic underscores the expanding role and importance of ultrasound imaging in modern healthcare settings, highlighting a trend of substantial growth in revenue within this specific diagnostic modality.
The number of ultrasound scans performed in Australia has been increasing by around 5% per year.
This statistic indicates that the number of ultrasound scans conducted in Australia has been consistently rising at a rate of approximately 5% each year. This upward trend suggests a growing demand for ultrasound services in the country. The increase could be attributed to advancements in medical technology, greater awareness and acceptance of ultrasound as a diagnostic tool, as well as an aging population potentially requiring more medical imaging. The steady growth of ultrasound scans points towards a positive trend in healthcare accessibility and utilization of diagnostic services in Australia. Monitoring and analyzing this statistic over time could provide valuable insights into healthcare trends, resource allocation, and potential healthcare needs of the population.
Conclusion
The statistics presented in this blog post highlight the significant growth and impact of the ultrasound industry. As technology continues to advance and healthcare needs evolve, the ultrasound sector is poised for further development and expansion. With increasing adoption rates and diverse applications across various fields, the future looks promising for the ultrasound industry.
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