Ultrasound equipment to surpass USD 15.21 billion by 2030

The ultrasound equipment market size was valued at USD 8.70 billion in 2022 and is projected to reach a valuation of USD 9.32 billion in 2023. The market is expected to reach USD 15.21 billion by 2030 with a CAGR 7.3% during the forecast period. Ultrasound uses high frequency for taking images and then images are interpreted by the healthcare professionals. Recent advancements in this technology and introduction of innovative equipment, along with the developing healthcare facilities in emerging countries. Fortune Business Insights™ shares this information in its report titled “Ultrasound Equipment Market, 2023-2030.”

Key industry development
March 2023- Shenzhen Mindray Bio-Medical Electronics Co., Ltd. launched TE Air, a new handheld ultrasound device that offers enhanced point-of-care ultrasound imaging with an array of practical benefits for radiologists.

List of key players profiled in the market report: –

• GE Healthcare (U.S.)
• Koninklijke Philips N.V. (Netherlands)
• CANON MEDICAL SYSTEMS CORPORATION (Japan)
• Hitachi (Japan)
• Siemens Healthcare (Germany)
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
• Samsung Medison Co., Ltd. (South Korea)
• Esaote SPA (Italy)

Covid-19 impact:
Pandemic negatively impacted the market due to disruptions in the supply chains
The Covid-19 pandemic negatively impacted the market negatively due to disruptions in the supply chains. Some of the major players operating in the market have faced supply chain disruptions especially from distributors in severely impacted emerging countries such as China, India, Brazil, and others. CANON MEDICAL SYSTEMS CORPORATION reported a decline in revenues by -0.6% from its medical systems segment in 2020. The decline was predominantly due to the declining demand for the medical imaging equipment of the company. Fortune Business Insights™