According to a comprehensive study by Intellectual Market Insights Research, the Global The market for Ultrasound Devices was valued at approximately USD 11 Billion in 2023. Over the course of the forecast period (2024–2031), the market is expected to develop at a compound annual growth rate (CAGR) of 4.50%, reaching a value of USD 16.36 Billion by 2031.

Ultrasound Devices Mraket Size, Share & Trends Analysis Report By Product, By Portability, By Application, By End-use and Geography, Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023 - 2031.

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1. Siemens Healthineers

• Founding Year: 2017 (spun off from Siemens AG)
• Headquarters: Erlangen, Germany
• Website: https://www.siemens-healthineers.com
• About Us: Siemens Healthineers is a leading medical technology company that emerged from Siemens AG. The company specializes in a wide range of products, including angiography and interventional X-ray systems, computed tomography, radiation oncology, laboratory diagnostics, molecular diagnostics, molecular imaging, magnetic resonance imaging, point-of-care diagnostics, refurbished systems, Syngo imaging software, ultrasound, and X-ray.
• Total Number of Employees: Approximately 69,500
• Revenue in USD: Approximately €21.7 billion

2. GE HealthCare

• Founding Year: 1994 (as a subsidiary); became an independent entity in 2023
• Headquarters: Chicago, Illinois, USA
• Website: https://www.gehealthcare.com
• About Us: GE HealthCare is a global leader in medical technology and digital solutions. The company operates in four divisions: Medical Imaging, Ultrasound, Patient Care Solutions, and Pharmaceutical Diagnostics. Their products and services cater to hospitals and health networks worldwide.
• Total Number of Employees: Approximately 54,000 (as of 2020)
• Revenue in USD: Approximately $18 billion

3. Samsung Medison

• Founding Year: 1985
• Headquarters: Seoul, South Korea
• Website: http://www.samsungmedison.com
• About Us: Samsung Medison is a manufacturer of diagnostic ultrasound systems and a subsidiary of Samsung Electronics. The company offers a range of ultrasound products and has a significant presence in the global medical device market.
• Total Number of Employees: Approximately 1,040
• Revenue in USD: Approximately $9 billion

4. CHISON Medical Technologies

• Founding Year: 1996
• Headquarters: Wuxi, Jiangsu, China
• Website: https://www.chison.com
• About Us: CHISON Medical Technologies is a leading manufacturer of diagnostic ultrasound systems. The company emphasizes continuous innovation and has a significant global presence, with products sold in over 100 countries.

5. Koninklijke Philips N.V.

• Founding Year: 1891
• Headquarters: Amsterdam, Netherlands
• Website: https://www.philips.com
• About Us: Philips is a diversified technology company focusing on improving people's lives through meaningful innovation in healthcare, consumer lifestyle, and lighting. In the healthcare sector, Philips offers a range of ultrasound solutions designed to meet the needs of healthcare providers.
• Total Number of Employees: Approximately 81,592
• Revenue in USD: Approximately $23 billion

6. Canon Medical Systems Corporation

• Founding Year: 1930 (as Toshiba Medical; rebranded in 2016)
• Headquarters: ?tawara, Tochigi, Japan
• Website: https://global.medical.canon
• About Us: Canon Medical Systems Corporation develops and manufactures diagnostic imaging systems, including ultrasound, MRI, and CT systems. The company focuses on delivering innovative medical solutions to improve patient care.
• Revenue in USD: Approximately $22 million

7. Hitachi, Ltd.

• Founding Year: 1910
• Headquarters: Tokyo, Japan
• Website: https://www.hitachi.com
• About Us: Hitachi, Ltd. is a multinational conglomerate company with a diverse range of business segments, including Information & Telecommunication Systems, Social Infrastructure, High Functional Materials & Components, and Healthcare. In the healthcare sector, Hitachi offers medical imaging solutions, including ultrasound systems.
• Total Number of Employees: Approximately 295,941
• Revenue in USD: Approximately $65 billion

9. Esaote S.p.A.

• Founding Year: 1982
• Headquarters: Genoa, Italy
• Website: https://www.esaote.com
• About Us: Esaote is a leading medical diagnostic company specializing in the manufacture of ultrasound, MRI systems, and dedicated software solutions. The company focuses on cardiovascular, musculoskeletal, and point-of-care imaging.
• Total Number of Employees: Approximately 1,200
• Revenue in USD: Estimated at $280 million

10. Mindray Bio-Medical Electronics Co., Ltd.

• Founding Year: 1991
• Headquarters: Shenzhen, China
• Website: https://www.mindray.com
• About Us: Mindray is a global medical device developer providing high-quality medical imaging solutions, including ultrasound systems. It also operates in patient monitoring and in-vitro diagnostics.
• Total Number of Employees: Over 14,000 (2022)
• Revenue in USD: Approximately $4.9 billion (2022)

11. Analogic Corporation

• Founding Year: 1967
• Headquarters: Peabody, Massachusetts, USA
• Website: https://www.analogic.com
• About Us: Analogic Corporation specializes in medical imaging, ultrasound, and security systems. The company is known for its advanced imaging technology and focus on precision diagnostics.
• Total Number of Employees: Approximately 1,500
• Revenue in USD: Estimated at $520 million (2020)

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