Ultrasound Devices Market Share

Asia Pacific Market Forecast

The Asia Pacific market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037, on the back of the growing expenditure on healthcare infrastructure owing to the rising need for healthcare facilities in the region with the burgeoning population. The region consists of highly populous nations such as China and India. According to the data, every day more than 65,000 babies are born in India. Therefore, the global ultrasound device market in the Asia Pacific region is projected to grow significantly during the forecast period.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of ultrasound devices is assessed at USD 10.51 billion.

The ultrasound devices market size was over USD 10.07 billion in 2024 and is poised to reach USD 20.11 billion by the end of 2037, growing at around 5.6% CAGR during the forecast period i.e., between 2025-2037. Rising use of ultrasound devices by gynecologists as well as hospitals along with the increasing share of diagnostic services in the healthcare sector will drive the market growth.

Asia Pacific industry is projected to account for majority revenue share by 2037, impelled by growing expenditure on healthcare infrastructure owing to rising need for healthcare facilities in the region.

The major players in the market include Siemens Healthcare GmbH, Koninklijke Philips N.V., General Electric Company, Canon Medical Systems Corporation, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Samsung Medison Co., Ltd., FUJIFILM Sonosite, Inc., Konica Minolta, Inc., Shantou Institute of Ultrasonic Instruments Co., Terason Divison Teratech Corporation.

Ultrasound Devices Market Share