Denmark Ultrasound Devices Market Size & Outlook
Denmark ultrasound devices market, 2018-2030 (US$M)
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Denmark ultrasound devices market highlights
- The Denmark ultrasound devices market generated a revenue of USD 142.3 million in 2023 and is expected to reach USD 191.1 million by 2030.
- The Denmark market is expected to grow at a CAGR of 4.3% 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 142.3 million |
| Market revenue in 2030 | USD 191.1 million |
| Growth rate | 4.3% (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, Denmark accounted for 1.5% 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 Europe, UK ultrasound devices market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 598.1 million by 2030.
Diagnostic ultrasound devices was the largest segment with a revenue share of 84.54% in 2023. Horizon Databook has segmented the Denmark ultrasound devices market based on diagnostic ultrasound devices, therapeutic ultrasound devices covering the revenue growth of each sub-segment from 2018 to 2030.
There is a wide scope of design and innovation expertise, R&D collaborations, demonstration & test facilities, high-tech applications, and public-private partnerships in the market. Denmark also has a strong knowledge base with diagnostic equipment knowledge at the university as well as business levels.
This is expected to drive significant investments in the country by leading market players in ultrasound devices. The number of medical imaging procedures in Denmark is relatively low compared to other European countries; however, rapid adoption of ultrasound devices is expected to boost market growth. Furthermore, favorable public reimbursement in the country is driving the adoption of ultrasound devices.
The market in the country is likely to witness significant growth. For instance, there is an agreement between commune and private clinics in the country to provide proper reimbursement for ultrasound scans. In addition, independent imaging centers are installing high-tech & advanced ultrasound machines and providing reimbursement for the ultrasonography scans.
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Ultrasound Devices Market Scope
Ultrasound Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Denmark ultrasound devices market size, by product, 2018-2030 (US$M)
Denmark Ultrasound Devices Market Outlook Share, 2023 & 2030 (US$M)
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