U.S. Ultrasound Devices Market Size & Outlook, 2023-2030
U.S. ultrasound devices market, 2018-2030 (US$M)
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U.S. ultrasound devices market highlights
- The U.S. ultrasound devices market generated a revenue of USD 2,556.7 million in 2023 and is expected to reach USD 3,196.4 million by 2030.
- The U.S. 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.
Ultrasound devices market data book summary
| Market revenue in 2023 | USD 2,556.7 million |
| Market revenue in 2030 | USD 3,196.4 million |
| Growth rate | 3.2% (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, U.S. accounted for 26.1% 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 North America, U.S. ultrasound devices market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 3,196.4 million by 2030.
Diagnostic ultrasound devices was the largest segment with a revenue share of 84.82% in 2023. Horizon Databook has segmented the U.S. ultrasound devices market based on diagnostic ultrasound devices, therapeutic ultrasound devices covering the revenue growth of each sub-segment from 2018 to 2030.
The U.S. accounted for the major revenue share of the ultrasound devices market in 2022. Some factors responsible for its dominance are aging demographic trends, advancing technologies, changing patient care strategies, and evolving epidemiological patterns.
In the U.S., the installed base of ultrasound units has significantly increased over the years. In October 2020, GE Healthcare collaborated with St. Luke's University Health Network to install 76 ultrasound systems as part of an AI-powered technology fleet, making it GE Healthcare's largest single-order ultrasound contract in the country worth USD 11 million.
The growing awareness about the safety and diagnostic efficiency of ultrasound devices among healthcare providers has contributed to their rising adoption. The country has well-established medical codes, payment processes, and coverage policies for ultrasound services in hospitals, clinics, & imaging centers.
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Ultrasound Devices Market Scope
Ultrasound Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. ultrasound devices market size, by product, 2018-2030 (US$M)
U.S. Ultrasound Devices Market Outlook Share, 2023 & 2030 (US$M)
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