A Guide to 2025’s Top Ultrasound Equipment Companies in the World

Meeting Patient Needs with Faster Diagnosis: Revolutionary Role of Ultrasound Equipment in the Healthcare Industry

Ultrasound technology utilizes high-frequency sound waves to capture detailed images of internal anatomical structures, which medical professionals analyze to identify potential abnormalities. It plays a crucial role in diagnosis of various chronic conditions affecting key organs such as the heart, abdominal blood vessels, and joints. Recognized as one of the safest and most non-invasive diagnostic tools, ultrasound is widely used to assess internal organ health. The demand for ultrasound equipment is witnessing significant momentum due to technological advancements, launch of innovative and user-friendly devices, and enhancement of healthcare infrastructure in emerging economies. Furthermore, the rising incidence of chronic diseases and broadening range of ultrasound applications are expected to be the main cause behind the rise of ultrasound equipment.

Top ultrasound equipment companies are focusing on the development of advanced ultrasound systems integrated with artificial intelligence (AI) to enhance diagnostic capabilities. AI-powered algorithms are designed to improve image clarity and interpretation, enabling real-time analysis of ultrasound scans. This technological integration provides healthcare professionals with more accurate insights, ultimately supporting quicker and more precise diagnosis. Propelled by recent technological breakthroughs, the introduction of innovative equipment, and ongoing development of healthcare infrastructure in emerging economies are the significant factor leading to a high demand of these advanced products.

Driven by ongoing advancements, the ultrasound equipment market is poised to hit USD 16.91 billion by 2032, growing at a CAGR of 7.3% between 2025 and 2032, as per Fortune Business Insights.

Fortune Business Insights Unveils Ultrasound Equipment Industry’s Top 5 Companies

1. GE Healthcare

GE Healthcare is the foremost player in the global market of ultrasound equipment, commanding a significant share of the industry’s total revenue. The company’s operations span multiple key healthcare segments, including imaging, ultrasound, patient care solutions, and pharmaceutical diagnostics. With a solid presence in more than 160 countries and 43 manufacturing and production facilities distributed across 17 nations, GE HealthCare maintains a strong global footprint. In 2023, it generated a revenue of USD 19.55 billion. Further strengthening its technological capabilities, the company acquired Intelligent Ultrasound Group PLCs in July 2024. This strategic acquisitions aims to integrate AI-powered image analysis tools into GE’s ultrasound systems, enhancing both their intelligence and efficiency.

2. Koninklijke Philips N.V.

Koninklijke Philips N.V. holds the position of the second-largest company in the global ultrasound equipment field. In 2023, the company reported a revenue of USD 19.66 billion. Philips operates through four primary business segments: diagnosis and treatment, connected care, personal health, and other services. With a product and service portfolio exceeding 450 offerings, the company has established a strong presence in over 100 countries worldwide. Philips delivers a wide range of ultrasound equipment tailored to specific clinical needs, including cardiology, general imaging, obstetrics and gynecology, and point-of-care applications. Koninklijke Philips N.V. announced a partnership with RAD-AID international on September 2022. This partnership was aimed at expanding access to diagnostic ultrasound in low and middle income countries.

3. FUJIFILM Corporation

FUJIFILM Corporation ranks as the third-largest player within the market. The company operates around multiple business segments, including healthcare, materials, business innovation, and the imaging sector. Its medical imaging portfolio features a comprehensive range of technologies such as digital radiography, mammography, computed tomography (CT), magnetic resonance imaging (MRI), ultrasound, endoscopy, and endo-surgery. In 2023, FUJIFILM reported revenues amounting to USD 21.07 billion. The company’s extensive product lineup includes a diverse array of ultrasound devices designed for use in cardiology, surgery, urology, and various other medical specialties. In February 2024, FUJIFILM introduced its groundbreaking ALOKA ARIETTA 850 Diagnostic Ultrasound System in India, marking its first installation at Fortis Hospital in Bengaluru.

4. CANON MEDICAL SYSTEMS CORPORATION (Canon Inc.)

Canon Medical Systems Corporation secured the fourth spot in the ultrasound equipment expertise. The company reported revenues of USD 29.76 billion in 2023. Canon Inc. operated across broad spectrum of business segments, including imaging, medical, printing, and industrial solutions. The company maintains regional headquarters in various parts of the world, including Europe, the Middle East, Africa, Asia, and the Americas, reflecting its expansive global reach. In January 2024, Canon Medical Systems announced the launch of a new shared-service ultrasound solution – the Aplio me system. This system is specifically designed to meet the diverse requirements of routine users across a wide range of clinical environments.

5. Siemens Healthineers AG

In 2023, Siemens Healthineers AG generated revenues amounting to USD 23.46 billion due to its operation spanning across several core business segments, including imaging, diagnostics, Varian (oncology), and advanced therapies. Siemens Healthineers has established strong partnerships with nearly 90 of the top 100 healthcare providers globally, aiming to deliver comprehensive digital healthcare platforms that support personalized treatment solutions. In May 2024, the company unveiled cutting-edge cardiology applications integrated with artificial intelligence of the Acuson Sequoia ultrasound system, alongside the introduction of a new 4D transesophageal (TEE) transducer specifically designed for advanced cardiac assessments.

Is The Future of Ultrasound More Connected, Intelligent, and Accessible?

Ultrasound equipment is not only expanding – it’s evolving at an unprecedented pace. Driven by rising chronic disease prevalence, an aging population, and the growing demand for real-time, non-invasive diagnostics, the sector is undergoing a fundamental transformation. The integration of AI, miniaturized hardware, and point-of-care solutions is pushing ultrasound beyond traditional hospital settings into outpatient clinics, rural health centers, and even handheld formats used in emergency response. Top ultrasound equipment companies are investing heavily in R&D, strategic collaborations to enhance precision, portability, and accessibility.

Ultrasound equipment technology is evolving fast – from tethered tabletop systems to sleeker, AI-equipped handheld tools – fueled by demographics trends, technological breakthroughs, and shifting healthcare needs. For stakeholders and practitioners alike, those who tap into these trends stand to benefit from improved diagnostics, broader access, and stronger marker positioning heading into the next decade. Ultimately, it is a shift in how healthcare industry detect, diagnose, and deliver care. For businesses, healthcare providers, and innovators alike, the question isn’t whether they should invest in ultrasound or not – it’s how soon and how strategically they can.