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The global compact ultrasound equipment market size was valued at USD 2.65 billion in 2024. The market is projected to grow from USD 2.97 billion in 2025 to USD 6.40 billion by 2032, exhibiting a CAGR of 11.6% during the forecast period. North America dominated the compact ultrasound equipment market with a market share of 35.84% in 2024.
Compact ultrasound equipment refers to ultrasound machines that are designed to be smaller and lighter than conventional console-style models, enhancing their portability and suitability for diverse clinical settings, particularly in areas with limited space or where mobility is essential. These systems typically provide similar or equivalent image quality and functionalities as their larger versions but in a more convenient and transportable design. The market growth is driven by the high burden of chronic illnesses and the growing focus on early detection and preventive healthcare measures.
Furthermore, the market is semi-consolidated with the presence of key players, such as Koninklijke Philips N.V., FUJIFILM Corporation, CANON MEDICAL SYSTEMS CORPORATION, and Konica Minolta, Inc., among others. Several market players are undergoing strategic partnerships to enhance their product offerings in the global market.
Furthermore, the increasing adoption of point-of-care (POC) diagnostics and advancements in ultrasound technology for effective diagnosis and treatment of several diseases are some of the additional factors supplementing market growth.
Growing Prevalence of Chronic and Rising Geriatric Population is Likely to Propel Market Growth
Chronic illnesses frequently necessitate early and accurate diagnosis to ensure effective treatment. Ultrasound imaging serves as a non-invasive and economical diagnostic method that is extensively utilized for the detection and monitoring of various conditions, including cardiovascular diseases, cancer, and kidney disorders. The increasing incidence of these chronic illnesses is contributing to a rise in the use of ultrasound imaging globally.
Additionally, the rising geriatric population globally further fuels the demand for diagnostic tools such as ultrasound, as this demographic pool is more prone to chronic conditions that require regular diagnosis and monitoring.
The growing prevalence of these disorders increases the demand for point-of-care ultrasound devices, thus driving the compact ultrasound equipment market growth.
Rising Product Recalls and Shortage of Trained Technicians Impede Market Growth
Despite significant advancements in ultrasound imaging technology, various issues, including product recalls, regulatory warnings, and defective items, negatively affect the reputation of leading companies in the industry. Consequently, this leads to reduced sales, adversely impacting revenue and diminishing the brand image of such companies in the global market.
Additionally, the rise in product recalls, coupled with a shortage of skilled technicians in countries such as Australia, the U.K., and Canada, is anticipated to restrict the market's growth potential throughout the forecast period.
Increase in the Therapeutic Applications of Ultrasound Provides Lucrative Market Growth Opportunities
Traditionally, ultrasound had primarily served as a tool for diagnostic imaging; however, the ongoing advancements in technology are broadening the scope of these devices to address various medical conditions. This wide range of applications is prompting major market players to concentrate on researching novel ultrasound equipment. These can be utilized for cancer treatment, wound healing, neuromodulation, pain management, and even ultrasound-guided drug delivery and development activities in the global market.
High Procuring Costs and Presence of Alternative Diagnostic Tools to Ultrasound Equipment are Major Market Challenges
The market encounters several challenges due to the availability of alternative diagnostic technologies, including CT (computed tomography), MRI (magnetic resonance imaging), and X-ray, which may provide more extensive imaging options. The operational costs of compact ultrasound devices are relatively low; however, the initial cost of acquiring advanced ultrasound devices is prohibitive for smaller healthcare providers, restricting adoption and expansion in various healthcare settings, especially in low-income regions.
Furthermore, the limited healthcare infrastructure in low-income areas complicates the market penetration of ultrasound devices. Such circumstances pose challenges to the market's growth.
Shortage of Skilled Workforce is a Key Challenge for Market Growth
The sophisticated nature of ultrasound systems demands skilled operators, and many regions struggle with a shortage of trained technicians and sonographers who can effectively perform diagnostic procedures using compact ultrasound equipment.
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Increasing Launch of Artificial Intelligence Integrated Ultrasound Devices is Considered a Significant Market Trend
Several prominent market players are focusing on the development of sophisticated devices and systems that incorporate artificial intelligence (AI). The purpose of these AI algorithms is to enhance both image quality and interpretation. They can analyze ultrasound images in real time, providing healthcare professionals with valuable insights that aid in accurate diagnoses. Additionally, the integration of AI into these devices improves the precision and efficiency of ultrasound examinations, leading to improved patient outcomes. This initiative aims to address specific limitations of traditional devices, such as the lengthy duration of examinations, poor image quality in certain instances, and the heavy reliance on technicians for image acquisition and interpretation. Consequently, the introduction of advanced AI-driven imaging systems by key players represents a significant trend that is enhancing the market growth throughout the forecast period.
Emphasis of Market Players on Launch of Console-based Ultrasound Systems to Drive Built-in-console Segment’s Growth
On the basis of product type, the market is divided into built-in-console and touchscreen.
The built-in-console segment is anticipated to dominate the market during the forecast period. The growing focus of market players on the launch of novel console-based compact ultrasound machines to expand their product portfolio is one of the important factors driving segmental growth.
Furthermore, the touchscreen segment is projected to grow at a considerable CAGR from 2025-2032, owing to the increasing introduction of touchscreen compact ultrasound systems that support a broad spectrum of diagnostic imaging applications.
Increasing Launch of Advanced Imaging Solutions to Contribute to 3D Imaging Segment Growth
Based on imaging type, the market is segmented into 2D imaging, 3D imaging, and 4D imaging.
The 3D imaging segment is anticipated to dominate the market throughout the forecast period, owing to the rising focus of market players on the development and launch of innovative compact ultrasound equipment to provide advanced imaging solutions.
The 4D imaging segment is expected to grow moderately during the forecast period. The growth of the segment is mainly attributed to the fact that, unlike traditional 2D or static 3D imaging, 4D imaging provides real-time visualization by offering clinicians a more comprehensive view during examinations.
On the other hand, the 2D imaging segment is projected to experience significant growth during the forecast period. This expansion is primarily driven by the widespread adoption of compact devices equipped with 2D imaging capabilities across various medical disciplines, including cardiology, emergency medicine, musculoskeletal assessments, and point-of-care testing.
Furthermore, the increasing prevalence of chronic diseases, increasing product launches, and the escalating use of compact ultrasound devices in surgical procedures are some of the additional factors driving the segmental growth.
Rise in the Launch of Technologically Advanced Devices Contributed to Radiology Segment Dominance in 2024
Based on application, the market is divided into radiology, gynecology, cardiology, and others.
The radiology segment dominated by accounting for the major proportion of the compact ultrasound equipment market share in 2024. The dominant share of this segment was primarily attributed to the growing launch of portable, AI-enabled, and user-friendly devices that align with the increasing demand for efficient radiological diagnostics globally.
On the other hand, the others segment is expected to grow at the highest CAGR from 2025-2032. The increasing prevalence of urological diseases, advancements in technologies, increasing product launches, and rising use of compact ultrasound devices during surgical procedures are some of the important factors driving segmental growth.
The gynecology segment held the second-largest market share in 2024, owing to the increasing number of pregnancies and women's health concerns that necessitate accurate diagnosis. Also, increasing regulatory approvals and new product launches for the compact ultrasound devices used for women's health examinations are anticipated to enhance the segment's growth throughout the forecast period.
Furthermore, the cardiology segment is projected to grow at the second-largest CAGR during the forecast period. The growing prevalence of cardiovascular disease and the increasing need for early diagnosis to avoid cardiac-related complications are expected to boost the demand for ultrasound equipment for cardiology applications.
Increasing Hospitalizations for Chronic Diseases to Augment Hospitals & Clinics Segment Growth
Based on the end-user, the market is divided into hospitals & clinics, diagnostic centers, and others.
The hospitals & clinics segment is expected to dominate the market throughout the forecast period. The dominance of this segment is primarily attributed to increasing hospital admissions due to cardiovascular, kidney, gynecological diseases, and pregnancy-related issues.
Also, the opening of new hospitals and clinics providing ultrasound diagnosis is further supplementing segmental growth.
Furthermore, the increasing expenditure on healthcare systems across developing countries, including India, Mexico, Iran, etc., has also been enhancing segmental growth.
The diagnostic centers segment is anticipated to grow moderately during the forecast period. The growth of the segment is due to its widespread use in routine diagnostics and the growing demand for point-of-care services. Also, the growing government focus on opening new diagnostic centers to provide advanced imaging options for a larger population suffering from several medical conditions is supplementing the segment’s growth.
The other segment is anticipated to grow stagnantly during the forecast period due to the rising adoption of compact ultrasound devices at research centers.
In terms of regions, the global market can be divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America Compact Ultrasound Equipment Market Size, 2024 (USD Billion)
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North America dominated the global market with a 35.9% share in 2024. The region generated revenues of USD 0.95 billion in 2024. The dominance of this region is largely attributed to the presence of advanced healthcare infrastructure and the high burden of chronic diseases across the region. In addition, the growing focus of industry players on new product launches is aiding in the U.S. market growth.
Europe held a moderate market share in 2024. The growing focus of industry players on new product launches is one of the main factors driving market growth in this region.
Moreover, the increase in the aging population, which upsurges the prevalence of chronic diseases requiring diagnostic imaging, combined with advancements in medical technology, are some of the major factors increasing the adoption of ultrasound systems, supplementing market growth in this region.
Asia Pacific accounted for the second-largest share of the market in 2024 and is expected to grow at the highest CAGR throughout the forecast period. The increasing geriatric population suffering from chronic diseases and rising awareness about early diagnosis of diseases are some of the prominent factors boosting market growth in this region.
The compact ultrasound equipment market in Latin America and the Middle East & Africa is expected to grow at a considerable CAGR during the forecast period. The rising burden of chronic diseases such as diabetes, cancer, hypertension, and others contribute largely to the region's demand for compact ultrasound equipment for the diagnosis of these diseases.
The growing focus of market players on strategic initiatives to improve healthcare in remote communities across Latin America and the Middle East & and Africa is enhancing market growth.
Growing Focus of Market Players on New Product Launches to Enhance Their Product Offerings
The global compact ultrasound equipment market consists of key players such as GE HealthCare, CANON MEDICAL SYSTEMS CORPORATION, Koninklijke Philips N.V., and Siemens Healthineers AG, among others, offering a wide range of compact ultrasound diagnostic products. The growing focus of companies on participating in medical conferences to create product awareness among consumers is one of the major reasons for companies' significant share in the global market.
Moreover, other market players include FUJIFILM Corporation, Esaote SPA, Butterfly Network, Inc., and several small-scale companies across the globe. These companies are focusing on strategic partnerships and acquisitions to expand their geographic presence in the global market.
The global compact ultrasound equipment market report provides a detailed competitive landscape and market insights. It focuses on key aspects such as competitive landscape, product type, imaging type, application, and end-user. In addition to the global compact ultrasound equipment market size, it covers regional analysis of different market segments, profiles of key market players, and market dynamics. Moreover, the report encompasses several factors that have contributed to the growth of the market over recent years.
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ATTRIBUTE |
DETAILS |
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Study Period |
2019-2032 |
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Base Year |
2024 |
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Estimated Year |
2025 |
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Forecast Period |
2025-2032 |
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Historical Period |
2019-2023 |
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Growth Rate |
CAGR of 11.6% from 2025-2032 |
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Unit |
Value (USD billion) |
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Segmentation |
By Product Type
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By Imaging Type
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By Application
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By End-user
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By Region
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Fortune Business Insights says that the global market stood at USD 2.65 billion in 2024 and is projected to reach USD 6.40 billion by 2032.
In 2024, the market value stood at USD 0.95 billion.
The market will exhibit steady growth at a CAGR of 11.6% during the forecast period (2025-2032).
By application, the radiology segment led the market.
The growing prevalence of chronic diseases and the rising geriatric population are the key driving factors of the market.
Koninklijke Philips N.V., Canon Inc., Esaote SPA, and Butterfly Network, Inc. are the major players operating in the market.
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