- Home
- About Us
- Industry
- Services
- Reading
- Contact Us
Ultrasound Surgical Devices Market: Current Analysis and Forecast (2023-2030)
Emphasis on Product Type (Generators and Consumables); Application (Cardiology, Gynaecology, General Surgery, Urology, Bariatric Surgery, and Others); and End User (Hospitals, Ambulatory Surgical Centers, and Others); Region/Country.
The Ultrasound Surgical Device market was valued at USD 4 billion in 2022 and is expected to grow at a CAGR of around 6% from 2023-2030. Ultrasound surgical devices are sophisticated instruments used by healthcare professionals to perform surgical procedures using ultrasound technology. Ultrasound itself refers to high-frequency sound waves that are beyond the audible range of humans. These waves are emitted and received by the device, allowing surgeons to visualize internal organs, tissues, and blood vessels in real-time. The ultrasound surgical device market is experiencing significant growth due to several factors, including the increasing number of surgical procedures being performed, the growing geriatric population, advancements in technology, and the rising awareness and adoption of ultrasound-guided interventions. The rising number of surgical procedures is one of the major drivers for the market. For Instance, as per the data of the American College of Surgeons, about 15 Million Americans have undergone some time of surgeries every year in US.
Some of the major players operating in the market are Johnson & Johnson, GE Healthcare, Koninklijke Philips N.V., Mindray Medical International, Fujifilm Holdings Company, Bioventus Inc., Medtronic, Hitachi Ltd, Siemens Healthineers, and Olympus.
Insights Presented in the Report
“Amongst Product, the Generator segment is expected to hold significant share during the forecast period.”
Based on the Product, the market is segmented into Generators and consumables. The Generator category held a significant share of the market in 2022. One of the key factors contributing to the increasing dominance of ultrasound surgical generators is their ability to provide unmatched precision. These generators utilize high-frequency sound waves to create intense vibrations, enabling surgeons to cut, coagulate, and fragment tissues with exceptional accuracy. This precision allows for minimal damage to surrounding tissues, reducing patient trauma and improving overall surgical outcomes. Thus, there is a growing demand for targeted therapies that can effectively treat unresectable or metastatic Ultrasound Surgical Devices.
“Amongst Applications, the Gynecology held the dominant share in 2022.”
On the basis of Application, the market is categorized into Cardiology, Gynecology, General Surgery, Urology, Bariatric Surgery, and Others. Among these, the Gynecology category held a significant market share in 2022. Ultrasound surgical devices are indeed widely used in gynecology. These devices use high-frequency sound waves to produce real-time images of the female reproductive system. They have a variety of applications in gynecological surgeries, including diagnosis, guidance during surgeries, minimally invasive surgeries, Biopsies, Aspirations, fertility treatments etc.
“Amongst End User, the Hospital segment held the dominant share in 2022.”
On the basis of end-users, the market is categorized into Hospitals, Ambulatory Surgical Centres, and Others. Among these, the hospital’s category held a significant market share in 2022. This is mainly due to the high volume of surgeries and treatments performed in hospitals, as well as the availability of advanced medical equipment and expertise in this setting.
“Asia Pacific is expected to grow with the highest CAGR Ultrasound Surgical Device market during the forecast period.”
The APAC region has witnessed a growing incidence and prevalence of Ultrasound Surgical Device cases, prompting increased attention from researchers, healthcare professionals, and pharmaceutical companies. Factors such as improved diagnostic techniques, enhanced awareness among clinicians, and demographic changes may have contributed to the identification of previously undiagnosed cases. Consequently, this surge has put a spotlight on the need for improved understanding, treatment options, and market potential within the region.
Ultrasound Surgical Device Market Report Coverage
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global Ultrasound Surgical Device market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Content
Research Methodology for the Ultrasound Surgical Device Market Analysis (2023-2030)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Ultrasound Surgical Device market were the three major steps undertaken to create and analyze the adoption of Ultrasound Surgical Device in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of global Ultrasound Surgical Device market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the Ultrasound Surgical Device market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Ultrasound Surgical Device market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as modality, service type, and specialist. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Ultrasound Surgical Device market. Further, we conducted factor analysis using dependent and independent variables such as modality, service type, and specialist of the Ultrasound Surgical Device market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Ultrasound Surgical Device market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Ultrasound Surgical Device market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the Ultrasound Surgical Device market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global Ultrasound Surgical Device market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global Ultrasound Surgical Device market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of the modality, service type, and specialist in the global Ultrasound Surgical Device market.
The main objective of the Global Ultrasound Surgical Device Market Study
The current & future market trends of the global Ultrasound Surgical Device market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the Ultrasound Surgical Device market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of modality, service type, and specialist.
- Define and analysis of the regulatory framework for the Ultrasound Surgical Device industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Ultrasound Surgical Device market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the Ultrasound Surgical Device market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
Frequently Asked Questions FAQs
Q1: What is the current market size and growth potential of the Ultrasound Surgical Devices Market?
The Ultrasound Surgical Devices Market was valued at USD 4 Billion in 2022 and is expected to grow a CAGR of 6% during the forecast period (2023-2030).
Q2: What are the driving factors for the growth of the Ultrasound Surgical Devices Market?
Rising number of surgical procedures being performed, the growing geriatric population, advancements in technology, and the rising awareness and adoption of ultrasound-guided interventions, are the major factors responsible for the growth of the Ultrasound Surgical Device Market.
Q3: Which segment has the largest share of the Ultrasound Surgical Devices Market by Application?
Gynecology segment has the largest share in the Ultrasound Surgical Devices Market.
Q4: What are the emerging technologies and trends in the Ultrasound Surgical Devices Market?
Rising adoption of minimally invasive surgeries and development of high-resolution 3D and 4D imaging are few trends in the ultrasound surgical device market.
Q5: Which region will dominate the Ultrasound Surgical Devices Market?
North America is expected to dominate the market during the forecast period.
Q6: Who are the key players operating in the Ultrasound Surgical Devices Market?
Johnson & Johnson, GE Healthcare, Koninklijke Philips N.V., Mindray Medical International, Fujifilm Holdings Company, Bioventus Inc., Medtronic, Hitachi Ltd, Siemens Healthineers, and Olympus
Related Reports
Customers who bought this item also bought
Mass Spectrometry Market: Current Analysis and Forecast (2025-2033)
Emphasis on Product (Instruments, Consumables & Services); Technology (Quadrupole Liquid Chromatography-Mass Spectrometry, Gas Chromatography-Mass Spectrometry (GC-MS), Fourier Transform-Mass Spectrometry (FT-MS), Time-of-Flight Mass Spectrometry (TOFMS), Matrix-Assisted Laser Desorption/Ionization-Time-of-Flight Mass Spectrometry (MALDI-TOF), Magnetic Sector Mass Spectrometry and Others); Application (Proteomics, Metabolomics, Glycomics and Others); End-user (Government & Academic Institutions, Pharmaceutical & Biotechnology Companies, Others) and Region/Country
May 8, 2025
