Pune, India, June 08, 2022 (GLOBE NEWSWIRE) — The global “ultrasound equipment market” size was USD 7.26 billion in 2020. The market is projected to grow from USD 7.80 billion in 2021 to USD 12.93 billion in 2028 at a CAGR of 7.5% in the 2021-2028 period. This information is provided by Fortune Business Insights™, in its report, titled, “Ultrasound Equipment Market, 2021-2028.”

According to our analysts, ultrasound utilizes high-frequency sound waves in order to take visuals of functional structures, which are then construed by healthcare experts to identify irregularities in a patient. This equipment is utilized to analyze numerous chronic conditions associated with crucial body parts such as blood vessels in the abdomen, heart, joints, and others. Medical ultrasound is also popularly known as sonography and is measured to be one of the secure, non-invasive analytical procedures to inspect internal organs.

Industry Development

June 2020: Koninklijke Philips N.V., declared that the healthcare establishments in Japan permitted Lumify, which is its handheld solution. The company further intends to commercialize its great-quality transportable ultrasound device obtainable practically everywhere across Japan.

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Report Scope & Segmentation

Report Coverage

Forecast Period
2021 to 2028

Forecast Period 2021 to 2028 CAGR

2028 Value Projection
USD 12.93 Billion

Base Year

Market Size in 2021
USD 7.80 Billion

Historical Data for
2017 to 2019

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