Europe Ultrasound Devices Market Size & Outlook, 2023-2030

The ultrasound devices market in Europe is expected to reach a projected revenue of US$ 3,557.7 million by 2030. A compound annual growth rate of 4.5% is expected of Europe ultrasound devices market from 2024 to 2030.

Revenue, 2023 (US$M)
$2,605.8
Forecast, 2030 (US$M)
$3,557.7
CAGR, 2024 - 2030
4.5%
Report Coverage
Europe

Europe ultrasound devices market highlights

  • The Europe ultrasound devices market generated a revenue of USD 2,605.8 million in 2023.
  • The 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.
  • Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.


Europe data book summary

Market revenue in 2023USD 2,605.8 million
Market revenue in 2030USD 3,557.7 million
Growth rate4.5% (CAGR from 2023 to 2030)
Largest segmentDiagnostic ultrasound devices
Fastest growing segmentTherapeutic Ultrasound Devices
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationDiagnostic Ultrasound Devices, Therapeutic Ultrasound Devices
Key market players worldwideKoninklijke 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, Europe region accounted for 26.6% 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 84.11% in 2023. Horizon Databook has segmented the Europe ultrasound devices market based on diagnostic ultrasound devices, therapeutic ultrasound devices covering the revenue growth of each sub-segment from 2018 to 2030.


Europe is one of the most developed regions in the world. Increasing public and private investments in R&D are contributing to its market growth. Rising demand for healthcare devices and growing prevalence of chronic disorders & pain-associated disorders in the region are some of the major factors anticipated to propel regional market growth.


Increasing demand for advanced technologies and rising health awareness are some other key factors expected to boost market growth. Most of the European countries such as France, the UK, and Germany have a high per capita income and well-defined healthcare policies that facilitate improved diagnostic systems.


Rapidly aging population in these countries is propelling the demand for advanced healthcare facilities such as ultrasound. In addition, there are constant advancements in technologies owing to large investments in healthcare research. Europe is one of the most developed regions globally, with the latest technologies & infrastructure, resulting in significantly advanced healthcare facilities & patient care.

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Ultrasound Devices Market Scope

Ultrasound devices market segmentation & scope
2D
3D/4D
Doppler
High-intensity Focused Ultrasound (HIFU)
Extracorporeal Shock Wave Lithotripsy (ESWL)
Handheld
Compact
Point-of-Care Cart/Trolley based Ultrasound
Higher-end Cart/Trolley based Ultrasound
Cardiology
Obstetrics/Gynecology
Radiology
Orthopedic
Anesthesia
Emergency Medicine
Primary Care
Critical Care
Hospitals
Imaging Centers
Research Centers

Ultrasound Devices Market Companies

Name Profile # Employees HQ Website

Europe ultrasound devices market size, by country, 2018-2030 (US$M)

Europe Ultrasound Devices Market Outlook Share, 2023 & 2030 (US$M)

Europe ultrasound devices market size, by country, 2018-2030 (US$M)

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