China Ultrasound Devices Market Size & Outlook, 2023-2030
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China ultrasound devices market highlights
- The China ultrasound devices market generated a revenue of USD 740.1 million in 2023 and is expected to reach USD 1,029.8 million by 2030.
- The China market is expected to grow at a CAGR of 4.8% from 2024 to 2030.
- In terms of segment, diagnostic ultrasound devices was the largest revenue generating product in 2023.
- Therapeutic Ultrasound Devices is the most lucrative product segment registering the fastest growth during the forecast period.
Ultrasound devices market data book summary
| Market revenue in 2023 | USD 740.1 million |
| Market revenue in 2030 | USD 1,029.8 million |
| Growth rate | 4.8% (CAGR from 2024 to 2030) |
| Largest segment | Diagnostic ultrasound devices |
| Fastest growing segment | Therapeutic Ultrasound Devices |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Diagnostic Ultrasound Devices, Therapeutic Ultrasound Devices |
| Key market players worldwide | Koninklijke Philips NV, GE HealthCare Technologies Inc Common Stock, Siemens Healthineers AG ADR, Canon Inc, Mindray Medical International, Samsung BioLogics, FUJIFILM Holdings Corp, Konica Minolta Inc, Esaote |
Other key industry trends
- In terms of revenue, China accounted for 7.6% of the global ultrasound devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China ultrasound devices market is projected to lead the regional market in terms of revenue in 2030.
- Japan is the fastest growing regional market in Asia Pacific and is projected to reach USD 759.1 million by 2030.
Diagnostic ultrasound devices was the largest segment with a revenue share of 84.42% in 2023. Horizon Databook has segmented the China ultrasound devices market based on diagnostic ultrasound devices, therapeutic ultrasound devices covering the revenue growth of each sub-segment from 2018 to 2030.
Changes in demographics & disease patterns and the growth of private healthcare sector are among the key factors expected to drive the ultrasound market in China. The number of private hospitals is increasing every year, including those delivering specialized care, such as maternity and orthopedic treatment centers.
This can be attributed to the allowance of foreign investments in the country’s healthcare sector. The growing number of hospitals is likely to drive the demand for ultrasound devices in the region, as ultrasound services are an integral and essential part of modern healthcare facilities.
Furthermore, the importance of integrating ultrasound devices in POC diagnostics has been a key takeaway in the country’s fight against COVID-19. This has raised a large number of tenders for ultrasound devices in China and local ultrasound device manufacturers, such as Mindray, are trying to leverage this opportunity.
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Ultrasound Devices Market Scope
Ultrasound Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Samsung BioLogics | View profile | 1001-5000 | Incheon, Inch'on-jikhalsi, South Korea, Asia | https://www.samsungbiologics.com/ |
| Konica Minolta Inc | View profile | 39759 | JP Tower, 2-7-2 Marunouchi, Chiyoda-ku, Tokyo, Japan, 100-7015 | http://www.konicaminolta.com |
| Mindray Medical International | View profile | 5001-10000 | Nanshan, Hunan, China, Asia | https://www.mindray.com |
| Esaote | View profile | - | - | |
| FUJIFILM Holdings Corp | View profile | 83784 | 7-3, Akasaka 9-chome, Minato-ku, Tokyo, Japan, 107-0052 | http://www.fujifilmholdings.com |
| Canon Inc | View profile | 169151 | 30-2, Shimomaruko 3-Chome, Ohta-ku, Tokyo, Japan, 146-8501 | https://www.global.canon |
| Siemens Healthineers AG ADR | View profile | 71400 | Siemensstr. 3, Forchheim, BY, Germany, 91301 | https://www.siemens-healthineers.com |
| Koninklijke Philips NV | View profile | 73712 | Philips Center, Amstelplein 2, Amsterdam, Netherlands, 1096 BC | https://www.philips.com |
| GE HealthCare Technologies Inc Common Stock | View profile | 51000 | 500 West Monroe Street, Chicago, IL, United States, 60661 | https://www.gehealthcare.com |
China Product - Ultrasound Devices Market size, 2023 - 2030 (US$M)
China Ultrasound Devices Market Outlook Share, 2023 & 2030 (US$M)
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