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Ultrasound equipment market to grow by USD 2.98B from 2024-28

The global ultrasound equipment market size is estimated to grow by USD 2.98 bn from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 6.25% during the forecast period.

Market driver
Ultrasound equipment market witnesses significant advancements, with high-end systems integrating AI for automatic anatomy identification and segmentation. Philips Epiq and Affiniti systems provide anatomical intelligence for breast imaging, enhancing workflow. AI-voice recognition controls in Konica Minolta’s Sonimage HS1 enable hands-free operation. Key technologies include detection of multifocal, multicentric, bilateral diseases in various anatomical structures, such as axillary lymph nodes, liver, localized lesions, tumors, cysts, and abscesses. Elderly patient population benefits from user-friendly designs, reducing exposure to radiation. Technological advancements include 2D and 3D Ultrasound Systems, battery life improvements, and hand-carried machines. GE HealthCare’s Vscan Air and HD3 feature AI for chronic disease management in Radiology, Gynecology, Cardiology, Point of Care, and Urology applications.

Research analysis
The ultrasound equipment market encompasses innovative technologies that utilize high-frequency sound waves for non-invasive examination of various anatomical structures in the body. These structures include the heart, blood vessels, joints, and can even detect chronic disorders such as cancer, including breast and lung cancer. GE HealthCare, among other industry leaders, offers solutions like the Vscan Air handheld ultrasound system, which leverages Artificial Intelligence to enhance image quality and detection capabilities. Therapeutic ultrasound and image-guided procedures are also gaining popularity, offering precise interventions for cardiovascular diseases and cosmetic procedures. Healthcare reforms and increasing Medicare spending further fuel the market growth. Key trends include multifocal, multicentric, and bilateral disease detection, making ultrasound equipment an indispensable tool in modern healthcare.

Market research overview
The ultrasound equipment market encompasses various technologies and applications, including chronic disease management, cardiology, and obstetrics. Structures such as hospitals, diagnostic centers, and research institutions utilize these advanced systems for non-invasive imaging and diagnosis. Ultrasonic devices, like cardiac and Doppler systems, provide real-time visualization of internal structures, enabling precise diagnosis and treatment. Vessel imaging and surgery, as well as micro-ultrasound, are also integral parts of this market. The industry is driven by factors like an aging population, rising healthcare expenditures, and technological advancements. Ultrasound systems are essential tools for healthcare professionals, offering versatility, accuracy, and non-invasiveness. Technavio

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