Norway Ultrasound Devices Market Size & Outlook, 2023-2030
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Norway ultrasound devices market highlights
- The Norway ultrasound devices market generated a revenue of USD 133.0 million in 2023 and is expected to reach USD 181.1 million by 2030.
- The Norway 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.
Ultrasound devices market data book summary
| Market revenue in 2023 | USD 133.0 million |
| Market revenue in 2030 | USD 181.1 million |
| Growth rate | 4.5% (CAGR from 2024 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, Norway accounted for 1.4% 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 83.68% in 2023. Horizon Databook has segmented the Norway ultrasound devices market based on diagnostic ultrasound devices, therapeutic ultrasound devices covering the revenue growth of each sub-segment from 2018 to 2030.
There are significant opportunities for U.S.-based companies that have innovative applications related to several medical devices, such as minimally invasive surgical instruments and ultrasound devices. There are opportunities for several new entrants to enter and establish their presence in Norway.
Healthcare expenditure in Norway is gradually increasing and the government & market players are focusing on enhancing the country’s medical facilities. Regional health authorities along with the Ministry of Health and Care Services are running public hospitals in the country. The government provides coverage for medical care to its citizens. Moreover, private insurance is effective and affordable.
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Ultrasound Devices Market Scope
Ultrasound Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Samsung BioLogics | View profile | 1001-5000 | Incheon, Inch'on-jikhalsi, South Korea, Asia | https://www.samsungbiologics.com/ |
| Konica Minolta Inc | View profile | 39759 | JP Tower, 2-7-2 Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-7015 | http://www.konicaminolta.com |
| Mindray Medical International | View profile | 5001-10000 | Nanshan, Hunan, China, Asia | https://www.mindray.com |
| Esaote | View profile | - | - | |
| FUJIFILM Holdings Corp | View profile | 83784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | http://www.fujifilmholdings.com |
| Canon Inc | View profile | 169151 | 30-2, Shimomaruko 3-Chome, Ohta-ku, Tokyo, Japan, 146-8501 | https://www.global.canon |
| Siemens Healthineers AG ADR | View profile | 71400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | https://www.siemens-healthineers.com |
| Koninklijke Philips NV | View profile | 73712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | https://www.philips.com |
| GE HealthCare Technologies Inc Common Stock | View profile | 51000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | https://www.gehealthcare.com |
Norway Therapeutic Ultrasound Devices - Ultrasound Devices Market size, 2023 - 2030 (US$M)
Norway Ultrasound Devices Market Outlook Share, 2023 & 2030 (US$M)
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