Ultrasound Market - Top Companies and Manufacturers

Companies Dominating the Ultrasound Landscape

Key players in the ultrasound market employ strategies that include production and development of revised product portfolios and new product launches, industry expansions aimed at improving their business operations and existing services, acquisitions of major health businesses to rapidly grow their core offerings, and distribution agreements with branded pharmaceutical manufacturers to reach a larger consumer base. Some of the key players include:

Koninklijke Philips N.V.
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Mindray
Zimmer MedizinSysteme GmbH
General Electric Healthcare
Mindray Medical International Limited.
Siemens Healthineers AG
Canon Inc.
ESAOTE SPA
GE Healthcare

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Ultrasound Market Size & Share, Growth Trends 2037

In the News

In February 2022, Koninklijke Philips N.V. introduced Lumify, a portable point-of-care ultrasound device, to broaden its range of products and provide sophisticated hemodynamic assessment and measurement functionalities.
In July 2023, Mindray, a global leader and creator of healthcare solutions and technology in ultrasound, patient monitoring, and anesthesia, announced the release of its TE Air Wireless Handheld Ultrasound, a revolutionary imaging solution that enhances ultrasound accessibility.

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of ultrasound is estimated at USD 9.64 billion.

The ultrasound market size was over USD 9.14 billion in 2024 and is anticipated to cross USD 21.76 billion by 2037, witnessing more than 6.9% CAGR during the forecast period i.e., between 2025-2037. The globally increasing prevalence of chronic diseases such as chronic obstructive pulmonary disease (COPD), cancer, and arthritis will drive the market growth.

North America industry is expected to hold largest revenue share of 42% by 2037, impelled by surge in cosmetic surgeries coupled with innovative technologies in healthcare in this region.

The major players in the market are Koninklijke Philips N.V., Shenzhen Mindray Bio-Medical Electronics Co., Ltd. , Zimmer MedizinSysteme GmbH, General Electric Healthcare, Mindray Medical International Limited., Siemens Healthineers AG, Canon Inc., ESAOTE SPA, GE Healthcare and others.

Ultrasound Market - Top Companies and Manufacturers

Companies Dominating the Ultrasound Landscape

Browse Key Market Insights with Data Illustration:

In the News

Frequently Asked Questions (FAQ)

What is the size of the ultrasound market?

Why is the ultrasound sector gaining traction in near future?

Which region accounted for the largest ultrasound industry share?

Who are the major ultrasound players?