Asia Pacific Ultrasound Devices Market Size & Outlook
Asia Pacific ultrasound devices market, 2018-2030 (US$M)
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Asia Pacific ultrasound devices market highlights
- The Asia Pacific ultrasound devices market generated a revenue of USD 2,779.1 million in 2023.
- The market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, diagnostic ultrasound devices was the largest revenue generating product in 2023.
- Therapeutic Ultrasound Devices is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 2,779.1 million |
| Market revenue in 2030 | USD 3,878.7 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostic ultrasound devices |
| Fastest growing segment | Therapeutic Ultrasound Devices |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic Ultrasound Devices, Therapeutic Ultrasound Devices |
| Key market players worldwide | Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Siemens Healthineers AG ADR, Canon Inc, Mindray Medical International, Samsung BioLogics, FUJIFILM Holdings Corp, Konica Minolta Inc, Esaote |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 28.4% of the global ultrasound devices market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,878.7 million by 2030.
Diagnostic ultrasound devices was the largest segment with a revenue share of 84.16% in 2023. Horizon Databook has segmented the Asia Pacific ultrasound devices market based on diagnostic ultrasound devices, therapeutic ultrasound devices covering the revenue growth of each sub-segment from 2018 to 2030.
The ultrasound devices market in Asia Pacific is anticipated to exhibit significant growth over the forecast period. This can be attributed to rapid growth of the population and increased R&D activity in this region. In addition, there is a high need for traditional and advanced devices in Asia Pacific.
The Asia Pacific region is majorly driven by China and Japan. China dominated the overall ultrasound devices market in the region in terms of revenue share. This can be attributed to the presence of major market players and increasing prevalence of chronic disorders.
Moreover, Asia Pacific is expected to witness lucrative growth over the forecast period owing to supportive government initiatives for improving healthcare infrastructure in the region. The presence of a large population with low per capita income in Asia Pacific countries has led to a high demand for affordable treatment options.
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Ultrasound Devices Market Scope
Ultrasound Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific ultrasound devices market size, by country, 2018-2030 (US$M)
Asia Pacific Ultrasound Devices Market Outlook Share, 2023 & 2030 (US$M)
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