North America Ultrasound Devices Market Size & Outlook
North America ultrasound devices market, 2018-2030 (US$M)
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North America ultrasound devices market highlights
- The North America ultrasound devices market generated a revenue of USD 2,914.2 million in 2023.
- The market is expected to grow at a CAGR of 3.2% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 2,914.2 million |
| Market revenue in 2030 | USD 3,627.6 million |
| Growth rate | 3.2% (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, North America region accounted for 29.8% 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 84.8% in 2023. Horizon Databook has segmented the North America ultrasound devices market based on diagnostic ultrasound devices, therapeutic ultrasound devices covering the revenue growth of each sub-segment from 2018 to 2030.
North America accounted for the largest market share in 2022. This can be attributed to various factors, such as increased adoption of ultrasound technology in primary care settings, improved accessibility, and the presence of high healthcare spending in countries with efficient reimbursement policies.
The increasing incidence of chronic diseases in this region, including breast cancer, cardiovascular disorders, and neurological diseases, has created a high demand for imaging analysis. The region is expected to maintain its dominance over the forecast period. Technological innovations and growing incidence of chronic conditions are anticipated to further propel the market in the region.
Large geriatric population, increase in the prevalence of lifestyle diseases, and growing awareness about early diagnosis of chronic diseases have increased the demand for ultrasound devices. According to the Canadian Institute for Health Information (CIHI), medical imaging is one of the essential parts of medical care and treatment in Canada.
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Ultrasound Devices Market Scope
Ultrasound Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America ultrasound devices market size, by country, 2018-2030 (US$M)
North America Ultrasound Devices Market Outlook Share, 2023 & 2030 (US$M)
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