Australia Ultrasound Devices Market Size & Outlook
Australia ultrasound devices market, 2018-2030 (US$M)
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Australia ultrasound devices market highlights
- The Australia ultrasound devices market generated a revenue of USD 267.9 million in 2023 and is expected to reach USD 364.9 million by 2030.
- The Australia market is expected to grow at a CAGR of 4.5% 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.
Ultrasound devices market data book summary
| Market revenue in 2023 | USD 267.9 million |
| Market revenue in 2030 | USD 364.9 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Diagnostic ultrasound devices |
| Fastest growing segment | Therapeutic Ultrasound Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Australia accounted for 2.7% of the global ultrasound devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China ultrasound devices market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 759.1 million by 2030.
Diagnostic ultrasound devices was the largest segment with a revenue share of 84.32% in 2023. Horizon Databook has segmented the Australia ultrasound devices market based on diagnostic ultrasound devices, therapeutic ultrasound devices covering the revenue growth of each sub-segment from 2018 to 2030.
With ongoing developments in medical technology, rising burden of chronic diseases, rapidly aging population, growing income, and shifting consumer expectations, the demand for medical applications, including ultrasound devices, is expected to increase for all age groups. Australia has one of the highest life expectancies in the world, ranking sixth among OECD nations.
Rising investments by government organizations and market players in the country for ultrasound devices are expected to boost the demand for the raw materials required for these devices. Hence, several companies are launching innovative products and partnering with manufacturers to offer technologically advanced products.
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Ultrasound Devices Market Scope
Ultrasound Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia ultrasound devices market size, by product, 2018-2030 (US$M)
Australia Ultrasound Devices Market Outlook Share, 2023 & 2030 (US$M)
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