1. What is the projected Compound Annual Growth Rate (CAGR) of the U.S. Ultrasound Equipment Market?
The projected CAGR is approximately 6.3%.
U.S. Ultrasound Equipment MarketU.S. Ultrasound Equipment Market 2025-2033 Overview: Trends, Competitor Dynamics, and Opportunities
U.S. Ultrasound Equipment Market by Product (Compact, Table-top), by Application (Radiology, Gynecology, Cardiology, Point of Care, Urology, Surgery, Others), by End-user (Hospitals, Clinics), by Forecast 2025-2033
Base Year: 2024
120 Pages
U.S. Ultrasound Equipment Market 2025-2033 Overview: Trends, Competitor Dynamics, and Opportunities
U.S. Ultrasound Equipment Market 2025-2033 Overview: Trends, Competitor Dynamics, and Opportunities
Key Insights
The U.S. Ultrasound Equipment Market size was valued at USD 2.42 USD Billion in 2023 and is projected to reach USD 3.71 USD Billion by 2032, exhibiting a CAGR of 6.3 % during the forecast period. Medical imaging is part of ultrasound equipment which includes types like portable models, cart-based, and handheld models. These include high-frequency sound wave transducers, Doppler features, and real-time imaging. Fields of use include obstetrics-gynecology, cardiology, and emergency medicine for diagnostic, monitoring, and therapeutic procedures guidance. Recent changes in the US market indicate rising demand for the use of more transportable and point-of-care ultrasound systems, which are fueled by technology developments, rising chronic diseases, and enhanced approaches to minimally invasive procedures. The addition of AI for improving imaging precision and the growth of telemedicine also shape the market trends.
U.S. Ultrasound Equipment Trends
- Increasing prevalence of chronic diseases
- Rising demand for minimally invasive procedures
- Advancements in ultrasound technology
- Growing adoption of AI and machine learning in ultrasound imaging
Driving Forces: What's Propelling the U.S. Ultrasound Equipment Market
- Technological Advancements: Ongoing advancements in ultrasound imaging, including improved resolution, 3D and 4D capabilities, and AI-assisted image analysis, continue to drive market expansion.
- Precision and Patient-Centric Care: Ultrasound's ability to provide non-invasive, real-time visualization and precise measurements empowers healthcare professionals with actionable information for personalized patient management and improved diagnosis accuracy.
- Aging Population and Chronic Diseases: The increasing prevalence of age-related conditions and chronic diseases has created a growing demand for ultrasound examinations to monitor disease progression, assess treatment efficacy, and provide early detection.
- Diversified Applications: Ultrasound has expanded beyond traditional imaging modalities to encompass various specialties, such as radiology, gastroenterology, and musculoskeletal assessment, driving the versatility and adoption of ultrasound equipment.
Challenges and Restraints in the U.S. Ultrasound Equipment Market
- High Cost of Equipment: The purchase and maintenance of ultrasound equipment require significant financial investment.
- Competition from Alternative Imaging Modalities: Other imaging technologies, such as MRI and CT scans, may compete with ultrasound in certain applications.
- Regulatory Compliance and Reimbursement Challenges: Compliance with regulations and reimbursement policies can impact the market growth.
- Shortage of Skilled Technicians: The operation and interpretation of ultrasound images require specialized training and experience, which can create a shortage of skilled technicians.
Emerging Trends in U.S. Ultrasound Equipment
- Artificial Intelligence and Machine Learning: AI and machine learning algorithms are enhancing image processing, reducing diagnostic errors, and improving workflow efficiency.
- Miniature and Portable Ultrasound Systems: Compact and portable ultrasound devices are gaining popularity for use in point-of-care settings and remote locations.
- Integration with Other Medical Technologies: Ultrasound is increasingly integrated with technologies like PACS and EHR systems for seamless data management and improved patient care.
Growth Catalysts in the U.S. Ultrasound Equipment Industry
- Government Initiatives and Funding: Government support and funding for research and development in ultrasound technology.
- Introduction of Innovative Products: Leading players are investing in research and development to introduce advanced ultrasound equipment and expand their product portfolios.
- Expansion into New Applications: The exploration of ultrasound in emerging medical fields, such as oncology and rheumatology, creates new growth opportunities.
Market Segmentation: U.S. Ultrasound Equipment Analysis
Product
- Compact and Table-top
- Trolley-Based
- High-End
Application
- Radiology
- Gynecology
- Cardiology
- Point of Care
- Urology
- Surgery
End-user
- Hospitals and Clinics
- Ambulatory Surgical Centers
- Imaging Centers
Leading Players in the U.S. Ultrasound Equipment Market
- GE Healthcare
- Koninklijke Philips N.V.
- CANON MEDICAL SYSTEMS CORPORATION
- Hitachi
- Fujifilm Holdings Corporation
Significant Developments in the U.S. Ultrasound Equipment Sector
- June 2023: UltraSight announced a partnership with EchoNous to enable healthcare professionals to perform cardiac ultrasound and help increase patient access to cardiac care.
- February 2023: Samsung unveiled its new AI-enabled women’s health ultrasound system, the HERA W10 Elite. The platform provides 2D and 3D visualization of microcirculatory and slow blood across clinical applications such as obstetrics and gynecology.
- January 2023: Fujifilm Sonosite Inc., a part of Fujifilm Healthcare Portfolio, announced the launch of the new Sonosite PX ultrasound system. It is the next-generation device in the existing Sonosite POCUS portfolio, with advanced image clarity and features.
Comprehensive Coverage U.S. Ultrasound Equipment Market Report
Our comprehensive market report provides a detailed and insightful analysis of the U.S. ultrasound equipment market, offering a 360-degree view of its current state and future trajectory. The report goes beyond simple statistics to deliver actionable intelligence for stakeholders across the industry.
- Market Sizing and Forecasting: Precisely quantified market size with robust, multi-year growth projections, segmented by type of equipment, application, and end-user.
- Key Market Drivers and Trends: In-depth exploration of the factors propelling market growth, including technological innovations (e.g., AI-powered ultrasound, portable systems), increasing prevalence of chronic diseases, and evolving healthcare delivery models.
- Challenges and Restraints: Identification and analysis of significant hurdles to market expansion, such as regulatory landscape, reimbursement policies, and pricing pressures.
- Competitive Landscape and Analysis: A thorough examination of the competitive dynamics, including market share analysis of leading vendors, strategic partnerships, mergers & acquisitions, and competitive strategies.
- Emerging Technologies and Future Outlook: Assessment of groundbreaking technologies with the potential to reshape the market, offering a forward-looking perspective on future trends and opportunities.
- Detailed Segmentation Analysis: Granular segmentation by product type (e.g., portable, handheld, cart-based), application (e.g., cardiology, obstetrics, radiology), end-user (hospitals, clinics, diagnostic imaging centers), and other relevant parameters, providing a nuanced understanding of market dynamics within each segment.
- Regional Market Dynamics (U.S. Focus): A deep dive into regional variations within the U.S. market, considering factors like healthcare infrastructure, demographics, and regional healthcare spending patterns.
Regional Insight
While the U.S. constitutes a significant portion of the global ultrasound equipment market, this report focuses specifically on the intricacies of the domestic market. Analysis includes a regional breakdown across the United States, identifying key growth areas and pinpointing variations in market dynamics based on factors such as population density, healthcare infrastructure investments, and the prevalence of specific medical conditions. The report considers the impact of federal and state-level regulations, reimbursement policies, and healthcare spending on regional market performance. This granular level of detail provides valuable insights for targeted strategic planning and resource allocation.
DROCT
Drivers: Technological advancements, increasing chronic diseases
Restraints: High cost, regulatory challenges
Opportunities: AI and machine learning, emerging applications
Challenges: Skilled technician shortage, competition
Threats: Alternative imaging modalities
Pricing Analysis
Ultrasound equipment prices vary depending on features, applications, and manufacturers. Compact ultrasound systems start from around USD 100,000, while high-end systems can cost over USD 1 million.
Import And Export Analysis
The U.S. is a net exporter of ultrasound equipment, with major export destinations including Europe and Asia-Pacific.
Segmentation
The U.S. ultrasound equipment market is segmented by product, application (Point Of Care), end-user, and region.
Patent/Trademark Analysis
The market report provides a comprehensive analysis of key patents and trademarks in the U.S. ultrasound equipment industry.
U.S. Ultrasound Equipment Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 6.3% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Regulatory Mandates for Adoption of Electronic Health Records (EHR)/Electronic Medical Records (EMR) to Assist Revenue Cycle Management Market Growth
- 3.3. Market Restrains
- 3.3.1. Increase in Product Recalls to Hamper Demand for Ultrasound Equipment
- 3.4. Market Trends
- 3.4.1. Increasing Number of Hospitals and ASCs Identified as Significant Market Trend
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. U.S. Ultrasound Equipment Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Product
- 5.1.1. Compact
- 5.1.2. Table-top
- 5.2. Market Analysis, Insights and Forecast - by Application
- 5.2.1. Radiology
- 5.2.2. Gynecology
- 5.2.3. Cardiology
- 5.2.4. Point of Care
- 5.2.5. Urology
- 5.2.6. Surgery
- 5.2.7. Others
- 5.3. Market Analysis, Insights and Forecast - by End-user
- 5.3.1. Hospitals
- 5.3.2. Clinics
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1.
- 5.1. Market Analysis, Insights and Forecast - by Product
- 6. Northeast U.S. Ultrasound Equipment Market Analysis, Insights and Forecast, 2019-2031
- 7. Southeast U.S. Ultrasound Equipment Market Analysis, Insights and Forecast, 2019-2031
- 8. Midwest U.S. Ultrasound Equipment Market Analysis, Insights and Forecast, 2019-2031
- 9. Southwest U.S. Ultrasound Equipment Market Analysis, Insights and Forecast, 2019-2031
- 10. West U.S. Ultrasound Equipment Market Analysis, Insights and Forecast, 2019-2031
- 11. Competitive Analysis
- 11.1. Market Share Analysis 2024
- 11.2. Company Profiles
- 11.2.1 GE Healthcare (U.S.)
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Koninklijke Philips N.V. (Netherlands)
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 CANON MEDICAL SYSTEMS CORPORATION (Japan)
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Hitachi (Japan)
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Fujifilm Holdings Corporation (Japan)
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Siemens Healthcare (Germany)
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (China)
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Samsung Medison Co. Ltd. (South Korea)
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Esaote SPA (Italy)
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.1 GE Healthcare (U.S.)
List of Figures
- Figure 1: U.S. Ultrasound Equipment Market Revenue Breakdown (USD Billion, %) by Product 2024 & 2032
- Figure 2: U.S. Ultrasound Equipment Market Share (%) by Company 2024
List of Tables
- Table 1: U.S. Ultrasound Equipment Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 2: U.S. Ultrasound Equipment Market Volume K Units Forecast, by Region 2019 & 2032
- Table 3: U.S. Ultrasound Equipment Market Revenue USD Billion Forecast, by Product 2019 & 2032
- Table 4: U.S. Ultrasound Equipment Market Volume K Units Forecast, by Product 2019 & 2032
- Table 5: U.S. Ultrasound Equipment Market Revenue USD Billion Forecast, by Application 2019 & 2032
- Table 6: U.S. Ultrasound Equipment Market Volume K Units Forecast, by Application 2019 & 2032
- Table 7: U.S. Ultrasound Equipment Market Revenue USD Billion Forecast, by End-user 2019 & 2032
- Table 8: U.S. Ultrasound Equipment Market Volume K Units Forecast, by End-user 2019 & 2032
- Table 9: U.S. Ultrasound Equipment Market Revenue USD Billion Forecast, by Region 2019 & 2032
- Table 10: U.S. Ultrasound Equipment Market Volume K Units Forecast, by Region 2019 & 2032
- Table 11: U.S. Ultrasound Equipment Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 12: U.S. Ultrasound Equipment Market Volume K Units Forecast, by Country 2019 & 2032
- Table 13: Northeast U.S. Ultrasound Equipment Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 14: Northeast U.S. Ultrasound Equipment Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 15: Southeast U.S. Ultrasound Equipment Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 16: Southeast U.S. Ultrasound Equipment Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 17: Midwest U.S. Ultrasound Equipment Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 18: Midwest U.S. Ultrasound Equipment Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 19: Southwest U.S. Ultrasound Equipment Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 20: Southwest U.S. Ultrasound Equipment Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 21: West U.S. Ultrasound Equipment Market Revenue (USD Billion) Forecast, by Application 2019 & 2032
- Table 22: West U.S. Ultrasound Equipment Market Volume (K Units) Forecast, by Application 2019 & 2032
- Table 23: U.S. Ultrasound Equipment Market Revenue USD Billion Forecast, by Product 2019 & 2032
- Table 24: U.S. Ultrasound Equipment Market Volume K Units Forecast, by Product 2019 & 2032
- Table 25: U.S. Ultrasound Equipment Market Revenue USD Billion Forecast, by Application 2019 & 2032
- Table 26: U.S. Ultrasound Equipment Market Volume K Units Forecast, by Application 2019 & 2032
- Table 27: U.S. Ultrasound Equipment Market Revenue USD Billion Forecast, by End-user 2019 & 2032
- Table 28: U.S. Ultrasound Equipment Market Volume K Units Forecast, by End-user 2019 & 2032
- Table 29: U.S. Ultrasound Equipment Market Revenue USD Billion Forecast, by Country 2019 & 2032
- Table 30: U.S. Ultrasound Equipment Market Volume K Units Forecast, by Country 2019 & 2032
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.
Frequently Asked Questions
2. Which companies are prominent players in the U.S. Ultrasound Equipment Market?
Key companies in the market include GE Healthcare (U.S.), Koninklijke Philips N.V. (Netherlands), CANON MEDICAL SYSTEMS CORPORATION (Japan), Hitachi (Japan), Fujifilm Holdings Corporation (Japan), Siemens Healthcare (Germany), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), Samsung Medison Co., Ltd. (South Korea), Esaote SPA (Italy).
3. What are the main segments of the U.S. Ultrasound Equipment Market?
The market segments include Product, Application, End-user.
4. Can you provide details about the market size?
The market size is estimated to be USD 2.42 USD Billion as of 2022.
5. What are some drivers contributing to market growth?
Regulatory Mandates for Adoption of Electronic Health Records (EHR)/Electronic Medical Records (EMR) to Assist Revenue Cycle Management Market Growth.
6. What are the notable trends driving market growth?
Increasing Number of Hospitals and ASCs Identified as Significant Market Trend.
7. Are there any restraints impacting market growth?
Increase in Product Recalls to Hamper Demand for Ultrasound Equipment.
8. Can you provide examples of recent developments in the market?
June 2023 - UltraSight announced a partnership with EchoNous to enable healthcare professionals to perform cardiac ultrasound and help increase patient access to cardiac care.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 2850, USD 3850, and USD 4850 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in USD Billion and volume, measured in K Units.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "U.S. Ultrasound Equipment Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the U.S. Ultrasound Equipment Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the U.S. Ultrasound Equipment Market?
To stay informed about further developments, trends, and reports in the U.S. Ultrasound Equipment Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.