Ultrasound Devices And Accessories Industry

Ultrasound Devices and Accessories Industry | Forecast 2030

Grand View Research’s Ultrasound devices and accessories industry databook is a collection of market sizing information & forecasts, regulatory data, reimbursement structure, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, all such information is systematically analyzed and provided in the form of presentations and detailed outlook reports on individual areas of research.

Access the Global Ultrasound Devices and Accessories Industry Data Book, 2023 to 2030, compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies

Ultrasound Devices Market Growth & Trends

The global ultrasound devices market size is expected to reach USD 13.07 billion by 2030, registering a CAGR of 4.24% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is expected to experience steady growth during the forecast period. This is attributed to several factors such as increased adoption of ultrasonography for diagnostic and therapeutic applications, rising technological advancements, as well an increase in the number of product launches by key players operating in the market.

Emerging innovations in ultrasound technology are expanding the market size. Hand-held ultrasound devices have made the technology more accessible for use in limited-resource communities globally. Furthermore, the introduction of 3D/4D ultrasound and the integration of artificial intelligence (Al) to automate time-consuming processes are expected to propel market growth during the forecast period. For instance, in July 2023, Sonosite ST was introduced by FUJIFILM Sonosite ST. It has a 21-inch touchscreen with an all-touch interface, a 10″ by 7.5″ image area, automated setting optimization for each exam type, and Auto Steep Needle Profiling (SNP). To support system compatibility, Sonosite ST belongs to the same family of transducers as Sonosite PX and Sonosite LX.

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Ultrasound Transducer Market Growth & Trends

The global ultrasound transducer market size is anticipated to reach USD 4.2 billion by 2026, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 3.6% during the forecast period. Increasing number of product launches and growing focus of the major players on innovations for safe and accurate diagnosis are the factors driving the growth.

North America is anticipated to hold substantial share of the market during the forecast period owing to high adoption of advanced medical devices. Continuous innovations in ultrasound machine such as portable and mobile ultrasound machine is expected to fuel the growth. Moreover, presence of a large number of ultrasound transducer manufacturers is anticipated to bode well for the regional growth. These companies emphasize on heavy investments to develop smart production methods and process automation, which is a key factor in optimizing product prices and maximizing revenues.

Ultrasound Gels Market Growth & Trends

The global ultrasound gel market size is estimated to reach USD 124.0 million by 2030, registering a CAGR of 2.9% from 2023 to 2030, according to a new report by Grand View Research, Inc. The increasing adoption rate of ultrasound devices in healthcare settings due to its diagnostic efficiency and cost-effectiveness is the factor expected to drive the demand for the conductive medium during the forecast period. In addition, the increasing number of external sonography procedures requiring a low level of sterility has contributed to its largest market share.

Increasing patient visits reporting problems such as heart disease, kidney and gallbladder problems, and lung and intestinal diseases where ultrasound primarily finds application is expected to increase the consumption rate of the gel. Growing concern to protect the ultrasound transducer from damages and the developing trend to provide utmost patient satisfaction during treatment has led to increasing demand for odorless, colorless, and stain-free ultrasound gels. The availability of handheld sonography devices at affordable prices has promoted their adoption rate in small-sized clinics. Therefore, the growing installation rate of sonography units in clinics has contributed to the rising demand of gel in these setups.

Ultrasound Devices and Accessories Industry | Forecast 2030

Ultrasound Devices and Accessories Industry Data Book – Ultrasound Device, Ultrasound Transducer and Ultrasound Gels Market

Ultrasound Devices Market Insights

The global ultrasound devices market size was estimated at USD 9.79 billion in 2023 and is anticipated to expand at a compound annual growth rate (CAGR) of 4.24% from 2024 to 2030. The market growth is poised to be driven by the rising usage of ultrasound equipment for diagnostic imaging and treatment, along with the increasing prevalence of chronic and lifestyle disorders. Other factors influencing market growth include increased demand for minimally invasive surgeries and frequent developments in ultrasound imaging technology. Ultrasound is a leading diagnostic tool in medical imaging, compared to other diagnostic imaging systems, since it is less expensive and faster. Moreover, as it does not utilize ionizing radiation or magnetic fields, it is safer than other imaging technologies.

Ultrasound Transducer Market Insights

The global ultrasound transducer market size was valued at USD 3.2 billion in 2018 and is expected to expand at a CAGR of 3.6% by the end of 2026. Increasing applications of ultrasound devices in diagnostic imaging of various conditions and the introduction of advanced transducers are some of the major factors driving the growth.

Ultrasound transducers are used in diagnostic testing, surgical procedures, and noninvasive procedures including lithotripsy. Major diagnostic uses of these devices include the examination of cardiac, maternity, abdominal, gynecological, cerebrovascular and urological, breast examination, and small pieces of tissues, and in the pediatric and operational review.

Ultrasound Gel Market Insights

The global ultrasound gel market size was valued at USD 97.9 million in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 2.9% from 2023 to 2030. An aqueous media is required to be placed in between the ultrasound probe and the skin to obtain a clear image. Ultrasound gel is used as an aqueous media that acts as a coupling agent in these procedures. Its compositions are Carbopol, propylene glycol, phenoxyethanol, glycerin, dyes, perfume, and water. They are formulated in different proportions and compositions depending on the manufacturer, and the recipes are proprietary. Ultrasound gel, an inevitable component during the ultrasound scan, is facing high demand from healthcare facilities. Thus, the increasing procedural volume of ultrasound worldwide is expected to drive the market’s growth. In addition, the rising adoption of ultrasound devices in point-of-care diagnostic and bedside monitoring can further propel the growth of this market.

Ultrasound Device Industry Segmentation

Ultrasound Device Industry, By Product

Ultrasound Device Market
- Diagnostic Ultrasound Devices
  - 2D
  - 3D/4D
  - Doppler
- Therapeutic Ultrasound Devices
  - High-intensity Focused Ultrasound
  - Extracorporeal Shockwave Lithotripsy

Ultrasound Device Industry, By Application

Ultrasound Device Market
- Cardiology
- Obstetrics/Gynaecology
- Vascular
- Orthopaedic
- General Imaging

Ultrasound Device Industry, By End Use

Ultrasound Device Market
- Hospitals
- Imaging Centres
- Research Centres