Ultrasound Market Set to Surpass USD 14.74 Billion by 2030, Driven by Technological Advancements and Strategic Consolidation
The Ultrasound Market is experiencing robust growth, as highlighted in a new report by Maximize Market Research. Valued at USD 9.24 billion in 2023, the market is projected to expand at a CAGR of 6.9% from 2024 to 2030, ultimately reaching nearly USD 14.74 billion by 2030. This surge is driven by rising demand for non-invasive diagnostic imaging, increasing applications in oncology and cardiology, and widespread technological innovation.
Beyond market size and CAGR, the report sheds light on emerging consolidation trends, strategic mergers and acquisitions, and major advancements across key regions including Vietnam, Thailand, Japan, China, South Korea, Singapore, the US, and Europe.
Ultrasound Opportunities in Vietnam: Market Expansion & Diagnostic Infrastructure
Vietnam is witnessing considerable opportunity in the ultrasound segment, mainly supported by a government focus on healthcare modernization and rural diagnostic infrastructure. The introduction of portable ultrasound devices is bridging gaps in underserved regions, while private hospital chains such as Hoan My Medical Corporation are increasingly investing in next-generation Doppler and 3D/4D imaging systems.
Recent collaborations between GE HealthCare and Vietnamese private clinics have accelerated the adoption of AI-powered ultrasound tools, helping early diagnosis of cardiovascular and liver conditions.
Ultrasound Growth in Thailand: Preventive Healthcare & Aging Population
Thailand presents significant growth potential, with the ultrasound market benefiting from a rapidly aging demographic and rising awareness around preventive health. Key hospitals in Bangkok and Chiang Mai have upgraded to advanced imaging platforms from Philips Healthcare and Canon Medical Systems.
Moreover, partnerships between Bangkok Dusit Medical Services and technology providers have strengthened real-time tele-ultrasound solutions for rural outreach programs, improving early detection of cancer and metabolic disorders.
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Ultrasound Trends in Japan: AI Integration & Regulatory Support
Japan remains at the forefront of trends driving the global ultrasound market, particularly AI-powered image enhancement and automated diagnostics. Companies like Hitachi Healthcare and Fujifilm Healthcare have launched portable and handheld devices tailored for point-of-care diagnostics.
Regulatory support from Japan’s Ministry of Health, Labour and Welfare (MHLW) has accelerated clinical trials and the integration of ultrasound with robotics and navigation systems for minimally invasive procedures.
Ultrasound Consolidation in China: Mergers and Domestic Innovation
China’s ultrasound market is witnessing active consolidation. Domestic leaders like Mindray Medical International and SonoScape Medical Corporation are aggressively acquiring smaller imaging startups to bolster AI capabilities and export competitiveness.
Notably, Mindray’s recent merger with a Shenzhen-based software developer has enhanced automated measurement tools, crucial for maternal and fetal health imaging. Government policies under the “Healthy China 2030” initiative are further fueling R&D in next-gen ultrasound.
Ultrasound Updation in South Korea: Technological Leap & Export Growth
South Korea is seeing rapid updation in ultrasound technology, led by companies like Samsung Medison. The launch of crystal-clear 5D ultrasound systems and advanced cardiovascular imaging tools is positioning Korean manufacturers for stronger export performance.
The Korea Trade-Investment Promotion Agency (KOTRA) reports growing demand for Korean-made ultrasound in Southeast Asia and Europe, driven by reliability, cost efficiency, and compact design.
Ultrasound Opportunities in Singapore: Precision Healthcare & Public-Private Collaboration
Singapore is emerging as a precision healthcare hub, creating opportunities for ultrasound in oncology, fertility treatment, and liver disease monitoring. Institutions like National University Hospital (NUH) are collaborating with Siemens Healthineers and GE HealthCare to deploy AI-enhanced ultrasound for real-time tumor characterization.
Moreover, the Singapore Economic Development Board (EDB) has facilitated pilot projects integrating ultrasound data into national electronic health records, advancing predictive diagnostics.
Ultrasound Growth in the US: Expanding Applications & Portable Devices
The United States, the world’s largest ultrasound market, is experiencing sustained growth through rising adoption in emergency care, musculoskeletal imaging, and outpatient centers. Recent FDA approvals of AI-based tools from companies like Butterfly Network and Clarius Mobile Health have popularized handheld devices.
Major players such as GE HealthCare and Philips Healthcare are investing heavily in R&D to improve real-time 3D imaging and automated reporting, reducing physician workload and enhancing diagnostic accuracy.
Ultrasound Trends in Europe: Aging Demographic & Sustainability
Europe shows evolving trends driven by an aging population and sustainability goals. Hospitals are modernizing imaging fleets with energy-efficient ultrasound systems, aligning with EU Green Deal initiatives.
Countries like Germany, France, and Italy are leading the charge in integrating AI algorithms to standardize diagnostic workflows. Strategic alliances between hospitals and manufacturers like Esaote S.p.A. and Siemens Healthineers are facilitating early cancer detection and cardiovascular screening.
Recent Global Key Developments in Ultrasound Market
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Mindray Medical International acquired Shenzhen-based AI firm to expand automated diagnostics.
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Philips Healthcare launched advanced compact systems for critical care settings.
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Samsung Medison introduced a new 5D ultrasound series, boosting maternal and fetal imaging accuracy.
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Canon Medical Systems announced a collaboration with Japanese hospitals for AI-driven liver disease assessment.
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Butterfly Network and Clarius Mobile Health received FDA clearances for portable, AI-enabled ultrasound scanners.
These developments underscore a competitive global landscape where innovation, affordability, and AI integration are reshaping the market.
Conclusion
The global ultrasound market stands at a transformative juncture, powered by cross-border mergers, AI disruption, and growing preventive care awareness. Countries like Vietnam, Thailand, Japan, China, South Korea, Singapore, the US, and Europe each show unique growth drivers—from consolidation to export strategy and AI integration.
As innovation accelerates and healthcare systems adapt to aging populations and chronic disease burdens, ultrasound remains a cornerstone of modern diagnostics worldwide.
