ULTRASOUND DEVICES MARKET ANALYSIS

Ultrasound Devices MarketSize and Trends

The Global Ultrasound Devices Market size is estimated to be atUS$ 7.44 Bn in 2023 and is expected to reach US$ 10.79 Bn by 2030, growing at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2030.

The global ultrasound devices market has witnessed significant growth over the past few years owing to the rising geriatric population and the growing prevalence of chronic diseases worldwide. Ultrasound imaging has gained prominence in diagnosis and treatment monitoring applications across various healthcare domains due to advantages such as being non-invasive, non-ionizing, and enabling real-time evaluation of the internal structures of the body. Furthermore, technological advancements including the development of compact devices, hybrid systems, and point-of-care ultrasound equipment are boosting the adoption of ultrasound modalities in both hospital and ambulatory care settings. The market is expected to experience healthy growth during the forecast period, driven by increasing health expenditures, growing awareness about early disease detection, and rising demand from emerging countries.