Diagnostic Ultrasound Market Size

Diagnostic Ultrasound Market Size

Diagnostic Ultrasound Market size was valued at around USD 7.8 billion in 2023 and is estimated to grow at 4.1% CAGR from 2024 to 2032. Diagnostic ultrasound, also known as sonography or ultrasonography, is a medical imaging technique that uses high-frequency sound waves to produce images of structures within the body.

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It is commonly used to visualize muscles, tendons, and many internal organs, capturing their size, structure, and any pathological lesions with real-time tomographic images. This technique is widely favored because it is non-invasive, does not use ionizing radiation, and provides real-time imaging.
 

Increasing incidences of chronic diseases such as cancer, coupled with a surging geriatric population, will drive overall market growth. A wide range of applications in various domains, such as anesthesiology, gynecology, critical care, cardiology, and emergency conditions, will further propel market demand. Additionally, rising birth rates and technological advancements in ultrasound systems for improved patient management and care will benefit industry expansion.
 

Constant upgrades and innovations in technology have led to intense competition among players in the diagnostic ultrasound devices industry. For instance, in July 2024, GE HealthCare announced the acquisition of the clinical artificial intelligence (AI) software business of Intelligent Ultrasound Group PLC. GE HealthCare plans to integrate these innovative solutions into its ultrasound portfolio, thereby enhancing its capabilities with technology designed to improve workflows and ease of use for both clinicians and patients.