Medical Ultrasound Equipment Market Projected to Grow at a Steady Pace During 2022-2028

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The Medical Ultrasound Equipment Market is projected to grow from USD 7.24 billion in 2021 to USD 10.96 billion by 2028 at a CAGR of around 6.06% during the forecast period.

The Medical Ultrasound Equipment Market is segmented, By Type (2D, 3D4D, Doppler), Application (Radiology/Oncology, Cardiology, Obstetrics Gynecology, Mammography/Breast, Emergency Medicine, Other), End-Use (Hospital, Clinic, Home Care), and Region.

Key Players

Key players operating in the medical ultrasound equipment market are-

  • General Electric Company (US)
  • Koninklijke Philips N.V. (Netherlands)
  • Siemens AG (Germany)
  • Toshiba Corporation (Japan)
  • Hitachi Medical Corporation (Japan)
  • Mindray Medical International Limited (China)
  • Fujifilm SonoSite (US)
  • Esaote SpA (Italy)
  • Samsung Medison Co., Ltd. (South Korea)
  • Konica Minolta, Inc. (Japan)
  • SonoScape Medical Corp (China)
  • Edan Instruments Inc. (China)

Market Dynamics

The growth of the medical ultrasound equipment market is primarily driven by widespread use in applications including cardiology, radiology, and obstetrics gynecology among others. The increasing prevalence of chronic diseases due to changing lifestyles and unhealthy eating habits are likely to drive the market growth at a significant rate during the review period. In addition to this, rising demand for advanced technologies in the healthcare industry is expected to create lucrative opportunities for the players operating in the global medical ultrasound equipment market in the coming years.

Target Audience

Here is the list of the group of customers that the medical ultrasound equipment market hopes to have the greatest opportunity to convert-

  • Distributors
  • Suppliers
  • Manufacturers
  • Logistics organizations
  • Government bodies

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