UK Ultrasound Devices Market Size & Outlook, 2023-2030
UK ultrasound devices market, 2018-2030 (US$M)
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UK ultrasound devices market highlights
- The UK ultrasound devices market generated a revenue of USD 401.5 million in 2023 and is expected to reach USD 598.1 million by 2030.
- The UK market is expected to grow at a CAGR of 5.9% 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 401.5 million |
| Market revenue in 2030 | USD 598.1 million |
| Growth rate | 5.9% (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, UK accounted for 4.1% 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 83.34% in 2023. Horizon Databook has segmented the UK ultrasound devices market based on diagnostic ultrasound devices, therapeutic ultrasound devices covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing General Practice (GP) referrals for ultrasound tests in the UK is expected to boost the demand for ultrasound devices. The presence of efficient reimbursement policies and growing burden of chronic illness is contributing to the increasing ultrasound procedural volume.
The market in the UK is expected to witness considerable growth over the forecast period due to an increase in geriatric population, lifestyle diseases, and the presence of key players in the market.
Key players are constantly launching new products and entering into strategic alliances. For instance, in March 2021, Philips partnered with DiA Imaging Analysis, a leading provider of AI-powered applications for ultrasound, to deliver automated solutions to clinicians at the POC. Therefore, the aforementioned factors are expected to boost adoption of ultrasound devices in the UK.
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Ultrasound Devices Market Scope
Ultrasound Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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UK ultrasound devices market size, by product, 2018-2030 (US$M)
UK Ultrasound Devices Market Outlook Share, 2023 & 2030 (US$M)
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