Ultrasound Devices Market Insights Video

According to Cognitive Market Research, the global Ultrasound Devices market size was USD 9915.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.50% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 3966.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2974.56 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 2280.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 495.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 198.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
• The diagnostic ultrasound systems category is the fastest growing segment of the ultrasound devices industry