Ultrasound Image Analysis Software Market Size, Share & Trends Analysis Report By Type (Integrated, Standalone), By Product (2D, 3D & 4D, Doppler Imaging), By Application (Orthopedic, Dental, Cardiology), By Region, And Segment Forecasts, 2024 - 2030

Market Size & Trends

The global ultrasound image analysis software market size was valued at USD 840.6 million in 2023 and is projected to grow at a CAGR of 8.3% from 2024 to 2030. The industry is driven by rising technological advancement in ultrasound image analysis, increasing healthcare expenditure, and increasing preference for early diagnosis of chronic diseases. Their innovative solutions and constant advancements in technology drive the evolution of ultrasound imaging capabilities.

The industry is poised for significant growth, driven by advancements in 3D ultrasound technology and enhanced image clarity. The ability to send and save images remotely has become increasingly important, particularly for patients in remote locations. Furthermore, the increased adoption of ultrasound image analysis software in clinical decision-making is expected to continue, as 3D ultrasound imaging becomes more cost-effective and widely available than MRI and CT scans.

Innovations such as computer-aided diagnosis are expected to create new opportunities for improved image examination in various medical fields, including cardiology, obstetrics & gynecology, and others. Government entities promoting advanced software and recommending it as a standardized solution will also increase demand for this industry.

The market is also driven by the growing need to diagnose and treat chronic diseases such as cardiovascular disorders, cancer, and musculoskeletal conditions. As these conditions continue to rise, healthcare providers are seeking effective software solutions to support the analysis of ultrasound images. The aging global population is contributing to the market growth, as older individuals require conventional scans to diagnose and treat age-related conditions.

Type Insights

Integrated software dominated the market with a revenue share of 53.9% in 2023, offering seamless integration of software components with measurement electronics and mechanics. Customized solutions are created for specific applications, ensuring compliance with industry standards and regulations. Segment growth is attributable to the adoption of multimodal and hybrid imaging technologies, such as parallel MR+US and US+optics, as well as functional imaging.

Standalone software is expected to register the fastest CAGR of 13.6% during the forecast period. Standalone software, a self-contained ultrasound image analysis solution, operates independently of specific hardware or platforms. Designed to be flexible and versatile, these software solutions work with various ultrasound devices from multiple manufacturers. Offering advanced algorithms, measurement tools, and customizable workflows, standalone software prioritizes flexibility, interoperability, and cost-effectiveness, making it an attractive option for healthcare providers.

Product Insights

Doppler imaging accounted for largest revenue share of 45.1% in 2023. The growing adoption of ultrasonic imaging for rapid disease detection is driving demand for ultrasound image analysis software. Doppler ultrasound, combined with CT and MRI, is increasingly used due to advancements in 3D technology and improved image quality. Its non-invasive, radiation-free capabilities, high temporal resolution, and blood flow quantification make it a popular choice for cardiac and vascular applications, fueling demand for advanced software solutions.

3D & 4D ultrasound systems are expected to grow significantly over the forecast period, registering a CAGR of 7.8%. The widespread adoption of ultrasound systems is driven by their role in managing chronic diseases and facilitating diagnostic imaging, a crucial step in surgical procedures. The growing demand for 3D and 4D ultrasound systems can be attributed to their advantages, including advanced archiving capabilities, innovative quantitative tools, and efficient measurement and visualization of structures in multiple spatial and temporal dimensions.

Application Insights

Cardiology accounted for the largest market revenue share of 18.9% in 2023. Cardiology is a significant area of use, utilizing ultrasound imaging to non-invasive assess the heart and vascular system. Sophisticated software platforms allow thorough evaluation of heart function, including assessing chamber size, wall movement, and blood circulation patterns. These abilities are extremely useful in diagnosing different heart conditions, leading interventions, and tracking patient improvements.

Oncology is expected to register the fastest CAGR of 9.1% during the forecast period. In oncology, ultrasound image software is a vital tool for disease staging, treatment planning, and response evaluation. Advanced algorithms in the software provide detailed measurements of tumor size, vascularity, and morphology, enabling accurate diagnoses and targeted treatments tailored to each patient’s unique case. This precise information helps oncologists make informed decisions for more effective cancer treatment.

Regional Insights

North America ultrasound image analysis software market dominated the global ultrasound image analysis software market with a revenue share of 36.4% in 2023, driven by government support, widespread adoption of Electronic Health Records (EHRs), and ongoing Research & Development (R&D) investments. The rapid incorporation of new technologies is accelerating the adoption of this software in North America. Moreover, factors such as the rise in chronic diseases, increasing healthcare expenditures, digitalization, and an aging population have contributed to market growth.

U.S. Ultrasound Image Analysis Software Market Trends

The ultrasound image analysis software market in the U.S. dominated the North America ultrasound image analysis software market with a share of 77.7% in 2023. The U.S. is expected to retain its dominance through 2030, driven by growing demand for early diagnosis. Industry leaders are investing heavily in developing cutting-edge products, which will continue to propel revenue growth.

Europe Ultrasound Image Analysis Software Market Trends

Europe ultrasound image analysis software market was identified as a lucrative region in 2023. Government initiatives, reimbursement policies, and a rising elderly population with medical issues, leading to an increased need for diagnostic imaging solutions, support the region. European countries are investing more in their healthcare systems, leading to increased adoption of advanced technologies such as ultrasound analysis software.

The ultrasound image analysis software market in the UK is expected to grow rapidly in the coming years due to rising healthcare expenditure allow to greater investment in advanced diagnostic tools such as ultrasound analysis software. For instance, in February 2023, the NHS piloted AI software from Deep Medical to reduce missed appointments. The system predicts attendance likelihood and offers alternative bookings, aiming to increase patient capacity and reduce waiting times at Mid and South Essex NHS Foundation Trust.

Asia Pacific Ultrasound Image Analysis Software Market Trends

Asia Pacific ultrasound image analysis software market is anticipated to witness significant growth in the artificial intelligence market. The market in this region is driven by factors such as the quickly growing healthcare infrastructure, rising healthcare expenditure, and increasing awareness of early disease diagnosis. In addition, the market is expanding due to the large number of patients and increasing levels of disposable income.

Ultrasound image analysis software market in China held a substantial market share in 2023 owing to the government supports actively the development and adoption of domestic medical technologies. This includes policies promoting innovation and financial incentives for healthcare institutions to invest in advanced equipment such as ultrasound analysis software.

Key Ultrasound Image Analysis Software Company Insights

Some key companies in the market include Koninklijke Philips N.V., Neusoft Corporation, CANON MEDICAL SYSTEMS CORPORATION, and Deep Rui Medical (Deepwise), among others. Key market participants are engaging in strategic partnerships and collaborations to offer cost-effective solutions and stay competitive.

• Koninklijke Philips N.V. is a technology company that aims to enhance individuals’ health throughout the entire health spectrum, including healthy living, prevention, diagnosis, treatment, and home care. The Company provides products and services in areas such as diagnostic imaging, image-guided therapy, patient monitoring, health informatics, consumer health, and home care.

• Neusoft Corporation produces and sells medical devices. The Company manufactures ultrasound, PET, in vitro diagnostic, and other related equipment.Neusoft Corporation also offers equipment maintenance and training programs.

Recent Developments

• In June 2024, Koninklijke Philips N.V. unveiled its advanced AI-powered cardiovascular ultrasound platform, incorporating established AI technology in EPIQ CVx and Affiniti CVx systems. This cleared FDA 510(k) technology expedited cardiac ultrasound examination, streamlining workflows and enhancing efficiency.

• In January 2024, Esaote, a leading medical imaging company, showcased its presence at Arab Health in Dubai, introducing two new ultrasound systems: MyLabA50 and MyLabA70. These systems, designed for agility, were demonstrated to operate efficiently in various clinical settings.

Ultrasound Image Analysis Software Market Report Scope

Global Ultrasound Image Analysis Software Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global ultrasound image analysis market report based on type, product, application, and region.

• Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Integrated Software

  • Standalone Software

• Product Outlook (Revenue, USD Million, 2018 - 2030)

  • 2D Ultrasound Systems

  • 3D & 4DUltrasound Systems

  • Doppler Imaging

• Application Outlook (Revenue, USD Million, 2018 - 2030)

  • Orthopedic

  • Dental

  • Cardiology

  • Oncology

  • Obstetrics & Gynecology

  • Nephrology & Urology

  • Radiology

  • Others

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

    • Denmark

    • Sweden

    • Norway

  • Asia Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Thailand

  • Latin America

    • Brazil

    • Argentina

  • Middle East and Africa (MEA)

    • South Africa

    • Saudi Arabia

    • UAE

    • Kuwait