Europe Ultrasound Devices Market Size & Outlook, 2023-2030
Europe ultrasound devices market, 2018-2030 (US$M)
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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 2023 | USD 2,605.8 million |
| Market revenue in 2030 | USD 3,557.7 million |
| Growth rate | 4.5% (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, 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 Companies
| Name | Profile | # Employees | HQ | Website |
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Europe ultrasound devices market size, by country, 2018-2030 (US$M)
Europe Ultrasound Devices Market Outlook Share, 2023 & 2030 (US$M)
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