United Kingdom Ultrasound Devices Market Size, Share, and COVID-19 Impact Analysis, By Product (Therapeutic and Diagnostic), By Application (Cardiology, Obstetrics/Gynaecology, Radiology, Orthopaedics, Anaesthesia, Emergency Medicine, Primary Care, and Critical Care), By End-use (Hospitals, Imaging Centers, and Research Centers), and United Kingdom Ultrasound Devices Market Insights, Industry Trend, Forecasts to 2033

United Kingdom Ultrasound Devices Market Insights Forecasts to 2033

• The United Kingdom Ultrasound Devices Market Size is growing at a CAGR of 4.75% from 2023 to 2033
• The United Kingdom Ultrasound Devices Market Size is expected to hold a significant share by 2033

The United Kingdom Ultrasound Devices Market Size is anticipated to hold a significant share by 2033, growing at a CAGR of 4.75% from 2023 to 2033. The increasing burden of chronic diseases and technological advancements are driving the growth of the ultrasound devices market in the UK.     

Market Overview

The ultrasound devices market refers to the industry for ultrasound equipment, such as stationary and portable systems that are used for medical imaging and other applications. Ultrasound devices are medical tools that are used for creating real-time images of the inside of the body by using high-frequency sound waves. Several factors, such as chronic diseases, demand for non-invasive diagnostics, and technological advancements, including AI and 3D/4D imaging, are driving the ultrasound devices market. The development of miniaturizing diagnostic imaging devices, especially in the development and commercialization of portable and compact platforms, leads to an escalation of the market growth opportunities.

Report Coverage

This research report categorizes the market for the UK ultrasound devices market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United Kingdom ultrasound devices market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the UK ultrasound devices market.

Driving Factors

The growing application of ultrasound devices for managing chronic diseases, including both diagnostics and therapy, along with the increasing burden of chronic diseases, is driving the ultrasound devices market. Further, the significant advancement in ultrasound technology, including AI integration, improved image quality with 3D and 4D imaging, and point of care ultrasound (POCUS), is escalating the market growth. Further, the rising awareness about early disease detection and healthcare spending significantly contributes to driving the ultrasound devices market growth.

Restraining Factors

The shortage of skilled sonographers and increased operating costs are restraining the ultrasound devices market. Further, the limited reimbursement and stringent regulations are challenging the market growth.

Market Segmentation

The United Kingdom ultrasound devices market share is classified into product, application, and end-use. 

• The diagnostic segment dominated the market with the largest revenue share in 2023 and is expected to grow at a significant CAGR during the projected period.

The United Kingdom ultrasound devices market is segmented by product into therapeutic and diagnostic. Among these, the diagnostic segment dominated the market with the largest revenue share in 2023 and is expected to grow at a significant CAGR during the projected period. Ultrasound devices are used to obtain images and examine internal organs and internal tissues to help diagnose. The widespread application of ultrasound devices in obstetrics, cardiology, and oncology for diagnosis is driving the market growth in the diagnostic segment.

• The radiology segment accounted for the largest market revenue share in 2023 and is expected to grow at a significant CAGR during the projected period.

The United Kingdom ultrasound devices market is segmented by application into cardiology, obstetrics/gynaecology, radiology, orthopaedics, anaesthesia, emergency medicine, primary care, and critical care. Among these, the radiology segment accounted for the largest market revenue share in 2023 and is expected to grow at a significant CAGR during the projected period. Radiology devices employ high-frequency sound waves to create a real-time image of internal body structures for diagnosis and treatment. The increasing merger & acquisition activities for expanding the product portfolio are significantly contributing to propel the market growth.

• The hospitals segment accounted for the largest market revenue share in 2023 and is expected to grow at a significant CAGR during the projected period.

The United Kingdom ultrasound devices market is segmented by end-use into hospitals, imaging centers, and research centers. Among these, the hospitals segment accounted for the largest market revenue share in 2023 and is expected to grow at a significant CAGR during the projected period. Ultrasound devices are used in various medical specialties for visualizing internal organ structures, aiding in evaluating, diagnosing, and treating a wide range of conditions. The extensive application of ultrasound devices in hospital settings, along with the growing number of hospital visits, is propelling the market growth.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the U.K. ultrasound devices market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Canon Medical Systems Corporation
• SonoScape Medical Corp
• Fujifilm Holdings Corporation
• GE Healthcare
• Hologic Inc.
• Koninklijke Philips NV
• Mindray Medical International Limited
• Samsung Electronics Co. Ltd
• Esaote SpA
• Siemens Healthineers AG
• Carestream Health
• Becton, Dickinson and Company
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In September 2022, FUJIFILM Sonosite, Inc., the world leader in point-of-care ultrasound (POCUS) solutions, added to its next-generation POCUS portfolio with the launch of its new, premium Sonosite LX system.

Market Segment

This study forecasts revenue at U.K., regional, and country levels from 2020 to 2033. Spherical Insights has segmented the United Kingdom Ultrasound Devices Market based on the below-mentioned segments:

UK Ultrasound Devices Market, By Product  

• Therapeutic
• Diagnostic

UK Ultrasound Devices Market, By Application

• Cardiology
• Obstetrics/Gynaecology
• Radiology
• Orthopaedics
• Anaesthesia
• Emergency Medicine
• Primary Care
• Critical Care

UK Ultrasound Devices Market, By End-use

• Hospitals
• Imaging Centers
• Research Centers