Germany Ultrasound Devices Market Size & Outlook
Germany ultrasound devices market, 2018-2030 (US$M)
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Germany ultrasound devices market highlights
- The Germany ultrasound devices market generated a revenue of USD 445.7 million in 2023 and is expected to reach USD 577.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 3.8% 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 445.7 million |
| Market revenue in 2030 | USD 577.2 million |
| Growth rate | 3.8% (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, Germany accounted for 4.6% 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 84.41% in 2023. Horizon Databook has segmented the Germany ultrasound devices market based on diagnostic ultrasound devices, therapeutic ultrasound devices covering the revenue growth of each sub-segment from 2018 to 2030.
The Germany market is anticipated to grow at the fastest rate over the forecast period. This can be attributed to a rapidly aging population, growing prevalence of chronic diseases, and presence of a sophisticated healthcare system, highly qualified workforce, and high healthcare spending.
Germany has a lucrative environment for technologically innovative startups. Around 80% of the medical device manufacturers, including companies of ultrasound devices in the country are SMEs. The presence of major market players, such as Siemens Healthcare GmbH is anticipated to create lucrative opportunities in Germany.
Moreover, initiatives such as Statutory Health Insurance are strengthening the country’s healthcare infrastructure, thereby aiding people in availing diagnostic tests using diagnostic testing methods & imaging systems for early detection of diseases. These factors are boosting the growth of the market in Germany.
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Ultrasound Devices Market Scope
Ultrasound Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany ultrasound devices market size, by product, 2018-2030 (US$M)
Germany Ultrasound Devices Market Outlook Share, 2023 & 2030 (US$M)
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