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Ultrasound Probes Market Trends

  • Report ID: GMI9212
  • Published Date: Apr 2024
  • Report Format: PDF

Ultrasound Probes Market Trends

Traditionally, ultrasound imaging was primarily performed in specialized imaging centers or hospitals. However, advancements in technology have led to the development of portable and handheld ultrasound devices, making it feasible to use them in point-of-care settings such as clinics, physician offices, emergency rooms, and even in remote or resource-limited areas.
 

  • This expansion of ultrasound applications beyond traditional settings increases accessibility to medical imaging services, facilitates early diagnosis, improves patient outcomes, and reduces healthcare costs associated with referrals to imaging centers or hospitals.
     
  • Further, as healthcare expenditure rises globally, there's an increased focus on investing in advanced medical technologies to improve patient care and outcomes. For instance, as per estimates, healthcare spending in the U.S. reached USD 4.5 trillion in 2022, marking a 4.1% rise compared to the preceding year. This increase was more rapid than the 3% growth observed in 2021.
     
  • Therefore, ultrasound probes, being an integral part of diagnostic imaging, benefit from this trend as healthcare providers seek to upgrade their equipment and facilities.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

The market size of ultrasound probes reached USD 3.7 billion in 2023 and is set to witness 3.7% CAGR from 2024 to 2032, led by the increasing prevalence of chronic diseases, such as cardiovascular diseases, diabetes, cancer, and respiratory disorders.

The general imaging segment recorded USD 1 billion in 2023, owing to a wide range of medical conditions and diagnostic needs, making it a versatile and indispensable tool for healthcare providers.

North America accounted for 40.8% of the market share in 2023, fueled by the rising incidence of chronic ailments, such as cancer cardiovascular diseases, and diabetes.

Canon Inc., Esaote SPA, Fujifilm Holdings Corporation, GE HealthCare Technologies Inc., Hitachi, Ltd., Koninklijke Philips NV, Mindray Bio-Medical Electronics Co., Ltd., Samsung Electronics Co., Ltd., Siemens Healthineers AG, SonoScape Medical Corp and Terason Division Teratech Corporation.

Ultrasound Probes Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 11
  • Tables & Figures: 285
  • Countries covered: 23
  • Pages: 196
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