Sweden Ultrasound Devices Market Size & Outlook, 2023-2030
Sweden ultrasound devices market, 2018-2030 (US$M)
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Sweden ultrasound devices market highlights
- The Sweden ultrasound devices market generated a revenue of USD 174.2 million in 2023 and is expected to reach USD 231.2 million by 2030.
- The Sweden market is expected to grow at a CAGR of 4.1% 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 174.2 million |
| Market revenue in 2030 | USD 231.2 million |
| Growth rate | 4.1% (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, Sweden accounted for 1.8% 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 84.16% in 2023. Horizon Databook has segmented the Sweden ultrasound devices market based on diagnostic ultrasound devices, therapeutic ultrasound devices covering the revenue growth of each sub-segment from 2018 to 2030.
The medical devices manufacturing industry in Sweden is comparatively small and employs roughly 18,000 people. Domestic companies include small- to midsized manufacturers. However, several multinational medical device companies have established subsidiaries in Sweden.
In addition, there is a constant demand for user-friendly home care, minimally/noninvasive equipment, ultrasound devices, and e-health applications. This high demand is expected to lead to the market growth in Sweden. The healthcare system in Sweden is effective and the market is expected to witness significant growth during the forecast period.
The Swedish government is investing in healthcare to provide equal access, better care, and cost-effective treatments. Healthcare providers operating in the country offer different services, including emergency services, elective care, hospitalization, outpatient care, specialist treatment, primary care, maternity care, & dental care.
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Ultrasound Devices Market Scope
Ultrasound Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Sweden ultrasound devices market size, by product, 2018-2030 (US$M)
Sweden Ultrasound Devices Market Outlook Share, 2023 & 2030 (US$M)
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