Great — here’s a compact, source-backed market reference for the Global Ultrasound Market: recent developments, drivers, restraints, regional breakdown, trends, top use-cases, challenges, opportunities, key expansion factors — and a list of major companies with the most-cited values/roles reported in market studies. I pulled authoritative market reports and industry news and placed citations after the most important statements.

This versatile research report is presenting crucial details on market relevant information, harping on ample minute details encompassing a multi-dimensional market that collectively maneuver growth in the global Ultrasound market.

This holistic report presented by the report is also determined to cater to all the market specific information and a take on business analysis and key growth steering best industry practices that optimize million-dollar opportunities amidst staggering competition in Ultrasound market.

Read complete report at: https://www.thebrainyinsights.com/report/ultrasound-market-13769

Quick load-bearing facts

• Market size (recent estimates vary by source): MarketsandMarkets reports the global ultrasound market at USD 9.32 billion (2024) with a projected CAGR of ~6.8% to 2030. Other reputable research houses estimate higher baselines (Databridge ~USD 13.65B in 2024, Grand View / FMI / Precedence giving other ranges), so published estimates vary by methodology and scope (diagnostic vs. devices vs. therapies).

• Market leaders (consistently named): GE HealthCare, Koninklijke Philips, Siemens Healthineers, Canon/Canon Medical, Mindray, Samsung Medison, FUJIFILM SonoSite, Hitachi, Esaote. These firms dominate via installed base, product breadth (cart/trolley systems, point-of-care/portable, specialty probes) and channel reach.

Recent developments

• Rising demand for point-of-care (POC) and portable ultrasound — driven by emergency care, ICU/bedside use, and smaller clinics; startups (Butterfly, Clarius) and incumbents have expanded handheld/AI-enabled offerings.

• Product launches & software/AI integration — vendors increasingly bundle AI tools (auto-measurement, workflow automation) and tele-ultrasound features to boost productivity and remote diagnostics.

Drivers

• Growing imaging demand from aging populations and rising prevalence of chronic diseases (cardiac, obstetric, vascular) that require ultrasound monitoring.

• Shift to minimally invasive & image-guided procedures (interventional radiology, anesthesia, emergency medicine) where ultrasound is preferred for bedside guidance. 

• Adoption of portable/POC devices and reimbursement-friendly modalities in outpatient/ambulatory settings. 

Restraints

• High cost of advanced systems (cardiac/vascular 3D/4D and premium devices) limits uptake in price-sensitive markets.

• Fragmented pricing & reimbursement complexity across regions — impacts hospital purchasing cycles and replacement rates. 

Regional segmentation (high level)

• North America: mature market, strong adoption of premium systems and POC ultrasound; large installed base and high per-capita device penetration. 

• Europe: mature hospital market with steady replacement demand and interest in AI-enabled workflows.

• Asia-Pacific: fastest-growing (large install opportunities in China, India, SE Asia) driven by expanding healthcare infrastructure and favourable government spending. Grand View / Databridge / Grand View India snapshots highlight notable APAC growth.

• Rest of world (Latin America, MEA): smaller current shares but increasing investments and demand for cost-effective portable systems.

Emerging trends

• AI-assisted image acquisition & interpretation (auto-measurements, triage-enabled workflows).

• Handheld/ultramobile devices encroaching on basic imaging use-cases previously dominated by cart systems.

• Tele-ultrasound & remote guidance for rural/underserved areas.

Top use cases

1. Obstetrics & gynecology (routine prenatal scans, fetal monitoring).

2. Cardiology / echocardiography (detection and follow-up of cardiac disease).

3. Point-of-care emergency / critical care (FAST, focused assessments).

4. Vascular & musculoskeletal imaging (DVT, tendon/soft-tissue injuries).

Major challenges

• Pricing pressure from lower-cost Chinese vendors (e.g., Mindray, Vinno) and new handheld entrants compress margins for incumbents.

• Regulatory & validation hurdles for AI/diagnostic software — slows time-to-market for advanced features.

Attractive opportunities

• POC/handheld expansion in primary care and emergency medicine — large addressable patient volumes.

• AI + SaaS services (analytics, remote reading, subscription models) to create recurring revenue streams.

• Emerging markets (India, SE Asia, Latin America) — upgrade cycles and government spending for imaging infrastructure.

Key factors of market expansion

• Healthcare infrastructure investment, especially outpatient and community care facilities.

• Technological innovation (portable form factors, AI, cloud workflows).

• Clinical guideline expansions that favor ultrasound-first approaches for certain pathways (e.g., trauma, obstetrics).

Major companies — referenced values / roles (what market reports typically cite)

Note: market reports commonly show company presence / leadership / role rather than uniform “ultrasound-only” revenue lines. Below I list the firms most frequently named, with the type of value/role reports cite (market share leadership, product dominance, or strategic position). If you want exact numeric values (company-wide revenue, ultrasound segment revenue, or estimated market-share %), I can fetch company filings and paid report excerpts next.

• GE HealthCare (GE Medical Systems) — frequently reported as market leader / largest share in 2024 in several reports (strong installed base, broad product portfolio from high-end echocardiography to point-of-care).

• Koninklijke Philips N.V. (Philips) — noted for strong portfolio in diagnostic ultrasound and integrated workflow solutions; among top 3 globally. 

• Siemens Healthineers — top-tier competitor with comprehensive ultrasound offerings; cited as having strong institutional sales and recent revenue strength.

• Canon Medical Systems (formerly Toshiba Medical) — recognized for premium imaging platforms and specialty probes (radiology, cardiology).

• Mindray Medical — leading China-based supplier noted for cost-competitive systems and strong growth in Asia and emerging markets. Reports list Mindray among top vendors by shipment volume.

• Samsung Medison — strong presence in premium and mid-range ultrasound devices, especially in APAC.

• FUJIFILM SonoSite (Fujifilm) — leader in compact/POC and ruggedized handheld systems.

• Hitachi, Esaote, Butterfly Network, Clarius — important niche/innovative players: Esaote (cardiac/MSK), Butterfly and Clarius (handheld/POC, software-first players). 

Want the numbers next?

I can pull a table with exact numeric values (examples below) — tell me which you'd like and I’ll extract them with sources:

• Top 10 companies with estimated ultrasound market-share % (by vendor); or

• Company-level recent revenues (FY2023/2024) and, where available, ultrasound-segment revenues (GE HealthCare, Philips, Siemens Healthineers, Canon, Mindray, Samsung, Fujifilm, Hitachi); or

• Region-by-region 2024 market size and CAGR (APAC / NA / EU / MEA / LATAM) as a downloadable CSV.

Pick one and I’ll prepare a sourced table. (I’ve already pulled the market-report sources so I can extract numbers quickly.)