Top Companies in Ultrasound Market

The ultrasound market is projected to reach USD 13.87 billion by 2030 from  9.32 billion in 2024, growing at a CAGR of 6.8% during the forecast period. The rising prevalence of chronic diseases, including cardiovascular disorders and cancer, drives demand for accurate and non-invasive diagnostic tools. Improvements in ultrasound technology, particularly the integration of AI and 3D/4D imaging and portable devices, enhance diagnostic capabilities, increase accessibility, and provide further impetus for the growth of the market. Another factor which promotes this market is a tremendous increase in demand for point-of-care and home-based diagnostics due to a value shift toward patient-centric health systems. Increasing applications of ultrasound in emerging sectors of musculoskeletal imaging as well as anesthesiology and expansion of healthcare infrastructure in developing nations contributes to the growth of the overall market.

Another factor which promotes this market is a tremendous increase in demand for point-of-care and home-based diagnostics due to a value shift toward patient-centric health systems. Increasing applications of ultrasound in emerging sectors of musculoskeletal imaging as well as anesthesiology and expansion of healthcare infrastructure in developing nations contributes to the growth of the overall market.Here are some of the key players in the ultrasound market: Philips Healthcare (Netherlands), GE Healthcare (US), Canon Medical Systems Corporation (Japan), and others are of the prominent companies in the ultrasound market.

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GE Healthcare (US):  GE Healthcare is a leader in medical technology, diagnostics, and digital solutions with a wide range in their ultrasound segment portfolio. Their portfolio ranges of ultrasounds include advanced systems specifically tailored for applications like cardiology, radiology, obstetrics and gynecology, musculoskeletal imaging, and point-of-care diagnostics, and so on.. Its state-of-the-art features also include AI-assisted imaging and high-definition resolution as well as portable designs for improvement in diagnostic accuracy and access. Within these areas, such as in women's health with the Voluson series, general imaging with the LOGIQ series, versatile handhelds like the Vscan Air complete the comprehensive offering from the company to satisfy all clinician needs in any healthcare setting.

Philips Healthcare (Netherlands): Philips Healthcare, represents the most comprehensive provider in health technology solutions. From improving patient care to health results, Philips delivers innovation throughout its product offerings. Its array of products ranges from medical imaging systems to patient care, connected care, as well as precision diagnosis systems. Under ultrasound, its solutions have specialties related to cardiology, obstetrics and gynecology, general imaging, and point-of-care applications. Among those, the EPIQ and Affiniti series include AI-driven enhancements with good image quality, ergonomic design, and empower clinicians to carry out accurate and efficient diagnostics. Portable solutions, such as the Lumify, can provide the versatility and accessibility of ultrasound capabilities in diverse healthcare settings from hospitals to remote ones.

Mindray Medical International Limited (China): Mindray is a global company in the medical device and solutions, founded in 1991, with four product categories: In-Vitro Diagnostics, Patient Monitoring and Life Support, Veterinary and Medical Imaging System.Mindray serves healthcare institutions around the world with a comprehensive range of high-quality, cost-effective products, emphasizing research and development on staying at the forefront in medical technology. With R&D centers and subsidiaries in a number of countries, Mindray is dedicated to raising healthcare accessibility and remains one of the trusted partners within the medical community.

Related Reports:

Ultrasound Market by Technology (2D,3D,Doppler,CEU,HIFU, ESWL), Display (Colour, B/W), Portability (Trolly, Compact,POC), Component (Linear, Phased array, Workstation), Application (OB/GYN, Cardiology, Ortho), End User (Hospitals) Global Forecasts to 2030

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