Rising Demand for Safe Imaging to Propel Market to US$15.23 Billion by 2033

The global healthcare landscape is increasingly shifting toward safer, faster, and more patient-friendly diagnostic solutions. At the heart of this transformation lies ultrasound technology. According to Renub Research, the global ultrasound devices market is expected to grow from US$9.31 billion in 2024 to approximately US$15.23 billion by 2033, registering a compound annual growth rate (CAGR) of 5.61% from 2025 to 2033.

This steady expansion is being driven by a growing preference for non-invasive medical procedures, rising chronic disease prevalence, technological innovation, and increasing healthcare accessibility across emerging economies. As imaging becomes central to early diagnosis and preventive care, ultrasound devices are emerging as indispensable tools in modern medicine.

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Ultrasound Devices: Safe, Non-Invasive, and Essential

Ultrasound devices are medical imaging systems that use high-frequency sound waves to produce real-time images of internal body structures. Unlike X-rays or CT scans, ultrasound does not rely on ionizing radiation, making it significantly safer—particularly for pregnant women, infants, and patients requiring repeated imaging.

These devices are extensively used across various medical specialties, including:

·        Obstetrics and gynecology (OB&GYN)

·        Cardiology

·        Urology

·        Musculoskeletal imaging

·        Abdominal and vascular diagnostics

Among these, obstetric imaging remains one of the largest application areas, where ultrasound plays a crucial role in monitoring fetal development and maternal health.

The growing global focus on preventive healthcare and early diagnosis continues to strengthen the demand for ultrasound-based imaging systems.

Key Factors Driving Market Growth

Increasing Demand for Non-Invasive Procedures

Patients and healthcare providers are increasingly opting for non-invasive diagnostic methods. Ultrasound offers a painless, radiation-free solution with immediate results, significantly improving patient comfort and clinical efficiency.

Technological Advancements

Continuous innovation has enhanced image resolution, portability, and workflow integration. Developments such as 3D/4D imaging, AI-assisted diagnostics, elastography, and cloud-based data integration are expanding clinical capabilities.

Rise of Portable and Point-of-Care Ultrasound

Compact and portable ultrasound machines are revolutionizing healthcare delivery, especially in remote and underserved areas. These systems allow physicians to perform bedside imaging, emergency diagnostics, and field-based assessments without relying on centralized hospital infrastructure.

Growing Healthcare Infrastructure in Emerging Economies

Rapid healthcare investments in Asia-Pacific, Latin America, and parts of Africa are expanding access to diagnostic imaging technologies. Government initiatives promoting maternal health and chronic disease management further support ultrasound adoption.

Leading Companies Shaping the Global Market

The ultrasound devices market is characterized by strong competition among established multinational corporations and emerging innovators.

GE Healthcare

Founded in 1994 and headquartered in the United States, GE Healthcare Technologies Inc. is a global leader in medical imaging, digital solutions, and pharmaceutical diagnostics. The company designs and manufactures advanced ultrasound systems integrated with healthcare IT platforms, enhancing workflow efficiency and data-driven diagnostics.

Siemens Healthineers

Established in 1847 and based in Germany, Siemens Healthineers AG specializes in diagnostic imaging, laboratory diagnostics, and advanced therapies. Its ultrasound portfolio includes high-performance imaging systems designed for precision diagnostics across hospitals and research institutions worldwide.

Philips

Founded in 1891 and headquartered in the Netherlands, Koninklijke Philips NV is a diversified health technology company. Philips offers a wide range of ultrasound systems integrated with image-guided therapy and enterprise informatics solutions, serving healthcare providers across Europe, North America, and Asia.

Canon Inc.

Founded in 1937 and headquartered in Japan, Canon Inc. manufactures ultrasound systems alongside MRI and CT technologies. Its medical imaging division emphasizes innovation and reliability in clinical diagnostics.

Fujifilm Holdings Corporation

Established in 1934 in Japan, Fujifilm Holdings Corp develops advanced medical imaging and healthcare solutions. The company combines digital imaging expertise with healthcare innovation to deliver efficient diagnostic systems globally.

Recent Product Launches Strengthening Competition

Innovation continues to redefine market dynamics.

In September 2024, Samsung Medison presented its new premium ultrasound system, HERA Z20, at the ISUOG World Congress in Budapest. Designed specifically for obstetrics and gynecology, the system aims to enhance image clarity and diagnostic accuracy in maternal healthcare.

In November 2024, Mindray Medical International Limited launched the Resona A20 premium ultrasound system at EUROSON 2024 in Naples, Italy. The system integrates advanced imaging technologies and reflects the company’s commitment to improving diagnostic precision and supporting clinical research.

These product introductions underscore the competitive push toward higher performance, user-friendly interfaces, and improved patient outcomes.

SWOT Insights: Competitive Strengths in Focus

Hitachi Ltd.

Hitachi Ltd. maintains a strong position in the ultrasound devices market through technological innovation, diversified product offerings, and global brand recognition. Its ultrasound systems incorporate elastography, AI-assisted diagnostics, and advanced 3D/4D imaging capabilities.

The company’s integration of digital platforms enhances workflow optimization and supports data-driven clinical decision-making. Strong global distribution channels and partnerships with leading hospitals further reinforce its market presence.

Telemed Ultrasound (Portugal)

Telemed Ultrasound stands out for its expertise in portable, software-based ultrasound systems. The company develops compact PC-based devices compatible with laptops and tablets, making them ideal for telemedicine and point-of-care applications.

Its emphasis on affordability, adaptability, and digital integration allows Telemed to serve emerging markets and remote healthcare settings effectively. Continuous software updates and real-time imaging processing enhance diagnostic performance.

Recent Developments Driving Innovation

In November 2022, Alpinion Medical Systems announced the introduction of upgraded X-CUBE Series ultrasound systems at the Radiological Society of North America (RSNA) conference in Chicago. The enhanced systems combine advanced diagnostic technologies with improved contrast resolution and reduced noise, elevating clinical imaging performance.

In February 2025, Esaote Group showcased innovations at the European Congress of Radiology, including the MRI AI platform “e-SPADES.” Although primarily an MRI advancement, this technology demonstrates the growing integration of artificial intelligence across diagnostic imaging, influencing ultrasound workflows and data processing capabilities.

These developments highlight the rapid technological evolution shaping the ultrasound market.

Sustainability: A Growing Priority in Medical Imaging

Environmental responsibility is increasingly embedded within healthcare technology strategies.

Fukuda Denshi Co., Ltd.

Fukuda Denshi focuses on reducing greenhouse gas emissions, improving energy efficiency, and minimizing manufacturing waste. The company emphasizes eco-friendly materials and sustainable packaging while designing durable and recyclable medical devices.

SAOTE (Esaote Subsidiary)

SAOTE aligns its sustainability initiatives with energy-efficient production processes and resource conservation. The company integrates recyclable materials into product design and promotes digital transformation to reduce paper usage and enhance workflow sustainability.

As healthcare institutions strive to lower carbon footprints, sustainability considerations are becoming an important differentiator in procurement decisions.

Market Segmentation and Analytical Scope

The ultrasound devices market analysis encompasses:

·        Historical market trends

·        Forecast analysis through 2033

·        Market share assessment

·        Company-level strategic analysis

·        SWOT evaluation

·        Revenue performance review

·        Sustainability benchmarking

·        Product pipeline and benchmarking analysis

Comprehensive company profiles are available for:

1.     GE Healthcare

2.     Siemens Healthcare

3.     Philips

4.     Canon Inc.

5.     Fujifilm Holdings Corporation

6.     Samsung Medison Co. Ltd.

7.     Hitachi Ltd.

8.     Mindray Medical International Limited

9.     Esaote S.p.A.

10.  SAOTE

11.  Chison Medical Technologies Co., Ltd.

12.  SIUI (Shantou Institute of Ultrasonic Instruments Co., Ltd.)

13.  ALPINION Medical Systems Co., Ltd.

14.  Telemed Ultrasound

15.  Fukuda Denshi Co., Ltd.

Each profile includes insights into company history, business models, leadership structure, product portfolio, mergers and acquisitions, partnerships, investments, and sustainability initiatives.

The Road Ahead: Imaging Innovation Meets Healthcare Expansion

The projected growth of the ultrasound devices market to US$15.23 billion by 2033 reflects more than just increasing demand—it represents a broader transformation in global healthcare delivery.

Non-invasive diagnostics, portable imaging, AI-driven analysis, and expanding healthcare access are redefining clinical practices. As healthcare providers prioritize patient safety, efficiency, and early diagnosis, ultrasound technology will remain central to medical decision-making.

Emerging economies will likely witness accelerated adoption, supported by rising healthcare expenditure and government initiatives targeting maternal and chronic disease care. Meanwhile, technological advancements in AI, elastography, and telemedicine will continue to enhance system capabilities.

Final Thoughts

The global ultrasound devices market is entering a phase of steady and sustainable growth. With rising demand for non-invasive diagnostics, ongoing technological innovation, and expanding healthcare infrastructure, the sector is well-positioned for long-term expansion.

Companies that invest in advanced imaging technologies, portable solutions, digital integration, and sustainability will gain a competitive advantage in this evolving market. As healthcare systems worldwide strive for precision, accessibility, and patient-centered care, ultrasound devices will continue to play a vital role in shaping the future of medical diagnostics.