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Ultrasound Equipment Market to Register a CAGR of 7.5% by 2028; Samsung Medison Launches RS85 Prestige Set to Augment Growth

September 17, 2021 | Healthcare

The global ultrasound equipment market size was USD 7.26 billion in 2020. The market is anticipated to grow from USD 7.80 billion in 2021 to USD 12.93 billion by 2028 at a CAGR of 7.5% in the 2021-2028 period.

This information is provided by Fortune Business Insights™, in its report, titled, Ultrasound Equipment Market Size, Share & COVID-19 Impact Analysis, By Product (Compact, and Table-top), By Application (Radiology, Gynecology, Cardiology, Point of Care, Urology, Surgery, and Others), By End User (Hospitals & Clinics), and Regional Forecast, 2021-2028.”

According to our researchers, the mounting occurrence of chronic conditions as well as the extension of the uses of ultrasound systems are some of the principal aspects that are projected to thrust the growth of the market during the forthcoming years.

COVID-19 Pandemic Set to Impede Sales of Ultrasound Device and Other Medical Gadgets

The global outburst of COVID-19 has resulted in a completely adverse influence on the global market. The pandemic has further created severe interruptions in the supply chain cycle of clinical apparatuses across the world. Among few of the fundamental players working in the ultrasound market have experienced supply chain interventions, particularly from suppliers in brutally impacted developing nations such as India, China, and Brazil, among others.

On the contrary, the production capability of some of the companies has been influenced owing to the inaccessibility of domestically obtained raw materials or fragments.

To get a detailed report summary and research scope of this market, click here:


Canon Medical Unveils Aplio A-Series at AIUM 2019

Canon Medical Systems USA, Inc. announced the introduction of the Aplio a-series, which is a novel series of ultrasound systems offering elevated performance for numerous medical applications at a reasonable cost.

Moreover, the product line is structured with the ergonomics, imaging, and workflow competencies of the premium ultrasound systems by Canon Medical in notice. The Aplio a-series, which comprises of the a550 and a450, is capable of covering an extensive assortment of medical fragments, right from cardiology to women’s health and also for regular day-to-day superiority.

Growing Occurrence of Chronic Conditions among Geriatric Patients to Support Market Growth

Universally, the increasing occurrence of prolonged ailments has occasioned in an elevation in the demand for healthcare facilities such as surging quantity of patient appointments, hospital admittances, and operative surgeries. For example, in 2019, as per a data report issued by the CDC, there were approximately over 900 million doctor office appointments taken, 155 million registered visits to the emergency department, and nearly 45 million casualty surgical procedures accomplished in the U.S.

Additionally, pooled with the upsurge in the number of geriatric patients worldwide going through chronic conditions, has resulted in considerable growth in the requirement for medical imaging devices comprising of ultrasound equipment intended for identification and treatment courses. This is projected to sustain the ultrasound equipment market growth in the forthcoming years.

Competitive Landscape

Novel Presentations and Acquisitions Set to Bolster Market Growth

The leading and important players in the market frequently come up with proficient tactics that consist of partnership deals, procurement and collaboration strategies, product unveilings, and many more approaches. These strategies boost their position as dominating players and also gains advantage to the other involved corporations as well.

Industry Development

  • December 2020: Samsung Medison launched its RS85 Prestige ultrasound diagnostic solution, which is structured to present proficient scanning performance, at the Radiological Society of North America (RSNA) in 2020, with a motive to fortify its business ranking in the market globally.

List of Key Players Covered in this Market Report

  • GE Healthcare (Chicago, U.S.)

  • Koninklijke Philips N.V. (Amsterdam, Netherlands)


  • Hitachi (Tokyo, Japan)

  • Siemens Healthcare (Erlangen, Germany)

  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (Shenzhen, China)

  • Samsung Medison Co., Ltd. (Suwon-si, South Korea)

  • Esaote (Genoa, Italy)

Further Findings

  • Asia Pacific held the maximum ultrasound equipment market shares and was worth USD 2.82 billion in 2020.

  • Europe is estimated to document a considerable CAGR during the forecast period owing to the broadening patient pool of geriatric population going through prolonged conditions, coupled with the existence of well-established healthcare groundwork in nations such as the U.K., Germany, and other leading countries.  

  • The table-top segment held the maximum market share in 2020 owing to the greater rate of acceptance of table-top equipment in hospitals & clinics along with its moderately lesser cost than compact systems.

Table of Segmentation



Study Period


Base Year


Forecast Period


Historical Period



  Value (USD billion), and Volume (Units)


  Product; Application; End User; and Region

By Product

  • Compact

  • Table-top

By Application

  • Radiology

  • Gynecology

  • Cardiology

  • Point of Care

  • Urology

  • Surgery

  • Others

By End User


  • Hospitals

  • Clinics

By Geography

  • North America (U.S. and Canada)

  • Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)

  • Asia Pacific (China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Rest of Asia Pacific)

  • Latin America (Mexico, Brazil, Colombia, Argentina, and Rest of Latin America)

  • Middle East & Africa (Turkey, Saudi Arabia, UAE, and Rest of Middle East and Africa)

Ultrasound Equipment Market
  • PDF
  • 2020
  • 2017-2019
  • 198


  • 4850

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