United States Ultrasound Equipment Market Insights Forecasts to 2033

• The United States Ultrasound Equipment Market Size was valued at USD 2.65 Billion in 2023.
• The Market Size is Growing at a CAGR of 6.79% from 2023 to 2033
• The U.S Ultrasound Equipment Market Size is expected to reach USD 5.11 Billion by 2033

The United States Ultrasound Equipment Market is anticipated to exceed USD 5.11 Billion by 2033, Growing at a CAGR of 6.79% from 2023 to 2033.

The growing prevalence of chronic diseases and rising demand for diagnostic imaging are driving the growth of the ultrasound equipment market in the United States.     

Market Overview

Ultrasound devices are used for ultrasound examination for the purpose of body diagnosis that effectively images soft tissue of the body. It works by sending pulses of ultrasound into tissue with different reflection properties and reflected ultrasound is returned to the probe that records and ultimately creates ultrasound images called sonograms. This process is operated with frequencies from 20kHz up to several gigahertz. American National Standards Institute defines ultrasound as “Ultrasound sound is sound with frequencies greater than 20kHz”. Ultrasound frequency is approximately the upper audible limit of a human being in healthy young adults. The practice of fetal imaging by examining pregnant women using ultrasound is called obstetric ultrasonography. It is also used in cases of abdominal, cardiac, maternity, gynecological, urological, and cerebrovascular examination, breast examination, and small pieces of tissue as well as in pediatric and operational review.  It visualizes subcutaneous body structures including tendons, muscles, joints, vessels and internal organs for possible pathology or lesions.

Report Coverage

This research report categorizes the market for the US Ultrasound Equipment market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Ultrasound Equipment market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Ultrasound Equipment market.

Driving Factors

The growing product launches of compact systems by key players for clinical applications in the U.S. propel the market. The compact form of ultrasound devices has high potential benefits such as portability, non-invasiveness, cost-effectiveness, and enhanced imaging results rising demand for compact ultrasound systems in the healthcare sector. The rising incidence of chronic diseases, growing technology advancements, and increasing application of ultrasound are the other factors that positively affect the market growth of ultrasound equipment.

Restraining Factors

The rising number of product recalls is likely to hamper the market demand for ultrasound equipment. Further, the lack of trained personnel for the operation of ultrasound equipment impedes the market.

Market Segmentation

The United States Ultrasound Equipment Market share is classified into product, application, and end-user

• The table-top segment is expected to hold a significant share of the United States ultrasound equipment market during the forecast period.    

The United States ultrasound equipment market is segmented by product into compact and table-top. Among these, the table-top segment is expected to hold a significant share of the United States Ultrasound Equipment market during the forecast period. The table-top ultrasound machine is more commonly used for trauma, cardiorespiratory assessment, and invasive procedures. 

• The radiology segment is expected to hold the largest share of the United States ultrasound equipment market during the forecast period.        

Based on the application, the United States ultrasound equipment market is divided into radiology, gynecology, cardiology, point of care, urology, surgery, and others. Among these, the radiology segment is expected to hold the largest share of the United States ultrasound equipment market during the forecast period. The rising number of outpatient radiology centers ultimately increased the adoption of ultrasound equipment. It is widely used in the radiology segment for diagnostic imaging among the population.

• The hospitals segment is expected to hold the largest share of the United States ultrasound equipment market during the forecast period.        

Based on the end-user, the United States ultrasound equipment market is divided into hospitals and clinics. Among these, the hospitals segment is expected to hold the largest share of the United States ultrasound equipment market during the forecast period. The growing prevalence of chronic diseases increasing number of patient admissions in hospitals ultimately propel ultrasound equipment market growth in the hospital segment.        

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the US ultrasound equipment market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• GE Healthcare
• Hitachi
• Siemens Healthcare
• Samsung Medison Co., Ltd.
• Koninklijke Philips N.V.
• CANON MEDICAL SYSTEMS CORPORATION
• Fujifilm Holdings Corporation
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
• Esaote SPA 
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In July 2023, Konica Minolta healthcare Americas, Inc. announced the introduction of PocketPro H2, a wireless handheld ultrasound device for general imaging in point-of-care applications.

• In February 2023, Samsung introduced premium women’s health ultrasound. Samsung’s HERA W10 Elite, the premier model of the HERA platform, aims to step up as a visionary leader of Obstetrics and gynecology applications.

Market Segment

This study forecasts revenue at United States, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United States Ultrasound Equipment Market based on the below-mentioned segments:

United States Ultrasound Equipment Market, By Product

• Compact
• Table-top

United States Ultrasound Equipment Market, By Application

• Radiology
• Gynecology
• Cardiology
• Point of Care
• Urology
• Surgery
• Others

United States Ultrasound Equipment Market, By End-User

• Hospitals
• Clinics