Top Companies in the Ultrasound Market Comprehensive Report is Ready for You
The increasing incidence of target diseases along with the rising patient preference for minimally invasive procedures is anticipated to augment the growth of the market during the forecast period.
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Market Overview:
The globalUltrasound market is valued at 6,524.10 USD Million in 2021 and is projected to reach a value of 9,202.30 USD Million by 2028 at a CAGR of 5.90% over the forecast period. The high and increasing incidence of target diseases and conditions will boost the adoption of effective diagnostic and therapeutic procedures. The burden of chronic and lifestyle diseases has increased in recent years. Ongoing technological advancements in the field of diagnostic & therapeutic ultrasound imaging, availability of medical reimbursements for diagnostic ultrasound procedures in mature markets, and the growing applications of emerging ultrasound techniques (such as Doppler ultrasound in vascular imaging and 3D/4D ultrasound in oncology) are driving the growth of ultrasound market.
The impact of the COVID-19 pandemic and the lockdowns it triggered is clearly visible on various markets, including the ultrasound market. Over the last year, the overall growth of various sectors has been heavily impacted, specifically in countries with a high incidence rate of COVID-19, such as India, Brazil, China, the US, and several European countries (including Russia, Italy, the UK, and Spain). While industries such as oil and petroleum, aeronautics, and mining are experiencing a steep fall in revenues, the healthcare, biotechnology, and pharmaceutical industries are focusing on optimizing their operations to serve a maximum number of patients and healthcare professionals.
Key Findings of the Report:
- The Global Ultrasound market is projected to the uprising at a 20.90% CAGR during the forecast period 2022 to 2028.
- This industry report shares insights regarding various factors such as product recall opportunities, recent product launches, revenue generation, Organized mentions of major market trends, growth strategies, and opportunities.
- The report provides a detailed evaluation of the Ultrasound market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
- The report also did a PESTLE analysis across the industry to study entry barriers and key influencers.
- The report presents the Ultrasound market estimated to size 10551.96 USD Million at the end of the forecast period.
Following are the top 10 leading companies in the Ultrasound market:
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Company Name |
Revenue in USD |
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$23 Billion |
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$21 Billion |
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$9 Billion |
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$5 Billion |
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$300 Million |
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$1 Billion |
GE Healthcare is an American multinational company founded in 1994. The company provides services to industries and the healthcare sector. These include Imaging, Ultrasound technology, Healthcare IT, Contrast Media, Anesthesia Delivery Drugs, Diagnostic ECG, Maternal Infant Care solutions, Patient Monitors, and various others. The company is headquartered in Chicago, Illinois. In 2020, the company had 54,000 employees working across the globe. The company’s parent organization is General Electric.
Koninklijke Philips NV is a Dutch multinational conglomerate corporation that was founded in Eindhoven in 1891. Since 1997, it has been mostly headquartered in Amsterdam, though the Benelux headquarters is still in Eindhoven. In 2020, the company generated revenue of USD 1,953.5 Million and has 81,592 employees working across the globe. The company is listed as IBM (NYSE) in the New York Stock exchange. The company has various subsidiaries such as Respironics, Inc., Saeco, Magnavox, Philips Records, and various others.
At Canon Medical they work hand in hand with their medical, academic, and research partners to create industry-leading solutions that deliver fast and accurate diagnoses, improve treatment and enhance patient care while enriching the quality of life. The company builds long-term relationships based on transparency, trust, and respect. The company's mission is to provide medical professionals with solutions that support their efforts in contributing to the health and well-being of patients worldwide. Patients are at the heart of everything they do. Canon Medical they are dedicated to delivering patient-centric solutions that contribute to the quality of patient outcomes while maximizing comfort.
Hitachi Inc. was established in 1910. Headquartered in Japan. The company conducts its operations worldwide. It is a provider of system solutions for multiple signaling and operations. It provides design and simulation, traffic management, and other services.
Siemens Healthineers AG is a German multinational company founded in 2015. It is the parent company for several medical technology companies and is headquartered in Erlangen, Germany. The company dates its early beginnings in 1847 to a small family business in Berlin, co-founded by Werner von Siemens. In 2020, the company generated revenue of USD 1,446 Million and has 66,000 (2021) employees working across the globe. The company is listed as SHL (ETR) in the German Stock exchange. The company has various subsidiaries such as Varian Medical Systems, Corindus, Inc., and various others.
Fujifilm Holdings is a Japanese multinational company founded in 1934. The company provides services and operates in the realms of photography, optics, office and medical electronics, biotechnology, and chemicals. The company is headquartered in Tokyo, Japan. In 2019, the company generated revenue of USD 2,013.21 Million and has 73,906 employees working across the globe. The company has various subsidiaries such as Wako Pure Chemical Industries, Ltd., Wako Pure Chemical Industries, Ltd., and various others.
Samsung Electronics Co., Ltd. is a South Korean multinational electronics corporation headquartered in the Yeongtong District of Suwon. It is the pinnacle of the Samsung chaebol, accounting for 70% of the group's revenue in 2012. The company is listed as 005930 (KRX) in the stock exchange market. In 2020, the company generated revenue of USD 200 Billion and had 2, 87,439 employees working across the globe.
Hologic, Inc. is an innovative medical technology company whose purpose is to enable healthier lives everywhere, every day. While they discover and develop groundbreaking products and services that benefit everyone, they are especially passionate about those that advance women’s health and well-being. This allows them to be a company that prospers, grows, and empowers women to experience healthier lives. The exceptional and clinically proven ability of their products to detect, diagnose and treat illnesses and other health conditions earlier and better. This clinical superiority creates high expectations, which they fulfill by always challenging ourselves to improve health through better technology, education, and market access. The company's goal is to minimize doubt and maximize the confidence their customers and their patients have in their decisions and diagnoses. By focusing on women’s health while still delivering health benefits to everyone, they are setting a new standard of excellence that is strengthened by purpose, driven by passion, and brought to life by their promise of more certain early detection and better health outcomes.
Analogic provides leading-edge healthcare and security technology solutions to advance the practice of medicine and save lives. The company is recognized around the world for advanced imaging systems and technology that enable computed tomography, digital mammography, and magnetic resonance imaging (MRI), as well as automated threat detection for aviation security. The company's CT, MRI, and digital mammography products are sold to original equipment manufacturers (OEMs), providing state-of-the-art capability and enabling them to enter new markets and expand their existing market presence. Today, Analogic subsystems are used in approximately half of the world's CT and MRI scanners. For over 50 years they have enabled customers to thrive, improving the health and enhancing the safety of people around the world.
Carestream Health is an American multinational company founded in 2007. The company provides services to industries and the healthcare sector. These include X-ray imaging systems for medical, non-destructive testing, precision contract coating services for a wide range of industries, and various other services. The company is headquartered in Rochester, New York, United States. In 2020, the company had 4,400 employees working across the globe. The company has various subsidiaries such as Quantum Medical Imaging, Algotec Systems, Ltd. Applied Professional Systems, Genesis Digital Imaging, Onex Carestream Health, and various others.
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