China Ultrasound Devices Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.18 Billion |
| Market Size (2029) | USD 1.59 Billion |
| CAGR (2024 - 2029) | 6.12 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
China Ultrasound Devices Market Analysis
The China Ultrasound Devices Market size is estimated at USD 1.18 billion in 2024, and is expected to reach USD 1.59 billion by 2029, growing at a CAGR of 6.12% during the forecast period (2024-2029).
- COVID-19 had a significant impact on the ultrasound device market in China. Healthcare providers are deploying the potential of ultrasound diagnosis, primarily for diagnostic applications for the triage, monitoring, and diagnosis of COVID-19 patients. According to the study published in the Chinese Medical Journal in May 2022, lung ultrasonography could detect signs of pleural sliding, pulmonary edema, lung consolidation, and other conditions.
- Lung ultrasound (LUS) was a valuable tool for rapid assessment of the severity of lung injuries in COVID-19 patients. COVID-19 has significantly impacted ultrasound, as many healthcare providers have deployed ultrasound systems, particularly in applications for COVID-19 monitoring and diagnosis. However, the market is currently growing at a stable pace owing to the resumption of diagnostic procedures, and it is expected to witness a similar trend over the coming years.
- The major factors driving market growth include the increasing burden of chronic diseases, technological advancements, and others.
- With the rising burden of chronic diseases such as cancer, cardiology, and neurology diseases, among others, which require early and effective diagnosis devices, the demand for ultrasound will likely increase over the forecast period. For instance, according to the Global Tuberculosis Report 2022, TB affected 7.5% of the population in China in 2021.
- Ultrasound serves as a prevalent imaging test utilized for diagnostic purposes, including point-of-care applications, particularly in individuals under suspicion of abdominal tuberculosis. This trend is anticipated to significantly augment the demand for ultrasound-based diagnoses, thereby propelling substantial growth within the market throughout the projected period.
- Major market players are also introducing and launching new, cutting-edge ultrasound equipment, further accelerating the industry's growth. For instance, in March 2021, the MGI Robotic Ultrasound Vehicle was officially launched. MGI's patented robotic ultrasound vehicle, which comprises an examination area, an information input area, and a sample collection area, offers a one-stop diagnostics solution without requiring a professional sonographer onboard. Additionally, in May 2021, SonoScape launched its new premium ultrasound series to make the obstetric ultrasound examination more standardized in China.
- Thus, all the aforementioned factors, such as the growing burden of chronic diseases and product launches by market players, are expected to boost the market over the forecast period. However, stringent regulation may restrain the market over the forecast period.
China Ultrasound Devices Market Trends
Portable Ultrasounds Segment is Expected to Hold a Significant Market Share Over the Forecast Period
- Portable ultrasound is a type of medical ultrasonography that uses compact and light equipment instead of console-style ultrasound machines. Most of these portable ultrasound systems could be carried by hand and, in some cases, operated solely on battery power. The major factors driving the growth of stationary ultrasounds include advanced technology and a rising prevalence of chronic diseases that require point-of-care diagnostics.
- Furthermore, the multiple benefits of portable ultrasonography are projected to propel the market towards growth. In general, portable devices provide visual quality equivalent to smaller console systems. Portable devices are also convenient to transport from one area to another, and they allow for offsite diagnosis, allowing practitioners to practice at specialized diagnostics units, clinics, and other sites.
- The portable ultrasound is effective for the geriatric population, as this population is more susceptible to chronic diseases and is unable to move from one location to another. For instance, according to China's National Bureau of Statistics (NBS), in January 2022, China had 280.04 million people aged over 60 at the end of 2022, up from 267.36 million in 2021. Thus, the growing burden of the aging population is expected to create the need for ultrasound diagnosis. This population is more likely to be affected by various chronic diseases and is expected to contribute to the segment's growth.
- Moreover, the rising adoption of portable ultrasound in the country is expected to boost the market segment's growth. For instance, in April 2023, children's congenital heart disease screening was carried out in Yibin City by the Paediatric Cardiovascular Department of the West China Second University Hospital. Using the SonoBook portable ultrasound machine from Chison, the medical professionals identified the condition.
- Thus, all the aforementioned factors, such as the significant benefits of portable ultrasound over stationary ultrasound and the growing aging population, will likely boost market growth over the forecast period.
2D Ultrasound Imaging Segment is Expected to Hold a Significant Share Over the Forecast Period
- 2D ultrasounds produce flat, black-and-white moving images of inside body parts. The sound waves travel from the ultrasound transducer through the body and back again to produce a basic image that outlines the organs inside the body. 2D ultrasound can be used to detect chronic diseases and fetal growth. They provide a clear inside view that doctors and health professionals can use to detect and diagnose certain medical problems. Factors such as the growing adoption of ultrasound to check the development of the fetus, rising technological advancements, and the increasing application of 2D ultrasound are expected to drive the growth of the 2D ultrasound devices market in China.
- The growing application of 2D ultrasound in broad areas such as gynecology, cardiology, and cancer care will likely contribute to segment growth. For instance, according to a study published in the Medicine Journal in January 2021, during the second and third-trimester examinations, 2D ultrasonography helps localize the anatomical structures of the developing fetus. Thus, 2D ultrasound has significant applications in gynecology, which is expected to boost market growth over the forecast period.
- Furthermore, According to the study published in the Journal of Clinical Ultrasound in May 2023, prenatal diagnosis of fetal conotruncal defects using 2D ultrasound with spatiotemporal image correlation (STIC), particularly in persistent arterial trunks has great clinical value for the treatment and prognosis of fetal conotruncal defects. Thus, the huge application of ultrasound in clinical applications is expected to boost the market over the forecast period.
- The rising birth rate in China is expected to raise demand for 2D ultrasound over the forecast period. For instance, according to the National Statistics Bureau 2021, 10.6 million babies were born in 2021, a rate of 7.52 births per 1,000 people. Thus, the high birth rate in the country is expected to create the need for 2D ultrasound devices for the diagnosis of fetal growth and other conditions and hence drive the segment growth over the projected period.
- Thus, all the aforementioned factors, such as the rising application of 2D ultrasound, are expected to boost segment growth over the forecast period.
China Ultrasound Devices Industry Overview
China's ultrasound devices market is moderately competitive and consists of several major players. The launch of new products in the country and the support of regulatory authorities is propelling the growth of the market. Some of the companies that are currently dominating the market are Canon Medical Systems Corporation, Siemens Healthineers AG, GE Healthcare, Fujifilm Holdings Corporation, and Koninklijke Philips NV, among others.
China Ultrasound Devices Market Leaders
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Fujifilm Holdings Corporation
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Koninklijke Philips NV
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GE Healthcare
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Siemens Healthineers AG
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Canon Medical Systems Corporation
*Disclaimer: Major Players sorted in no particular order
China Ultrasound Devices Market News
- February 2023: GE HealthCare formed a long-term joint venture with a subsidiary of a Chinese state-owned drugmaker to provide non-premium CT and general imaging ultrasound solutions.
- February 2023: Mindray, a China-based developer and provider of advanced medical devices and solutions, launched a wireless handheld ultrasound system, the TE Air.
China Ultrasound Devices Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing Burden of Chronic Diseases
- 4.2.2 Technological Advancements
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4.3 Market Restraints
- 4.3.1 Stringent Regulations
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
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5.1 By Application
- 5.1.1 Anesthesiology
- 5.1.2 Cardiology
- 5.1.3 Gynecology/Obstetrics
- 5.1.4 Musculoskeletal
- 5.1.5 Radiology
- 5.1.6 Critical Care
- 5.1.7 Other Applications
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5.2 By Technology
- 5.2.1 2D Ultrasound Imaging
- 5.2.2 3D and 4D Ultrasound Imaging
- 5.2.3 Doppler Imaging
- 5.2.4 High-intensity Focused Ultrasound
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5.3 By Type
- 5.3.1 Stationary Ultrasound
- 5.3.2 Portable Ultrasound
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Canon Medical Systems Corporation
- 6.1.2 SonoScape Medical Corp
- 6.1.3 Fujifilm Holdings Corporation
- 6.1.4 GE Healthcare
- 6.1.5 Hologic Inc.
- 6.1.6 Koninklijke Philips NV
- 6.1.7 Mindray Medical International Limited
- 6.1.8 Samsung Electronics Co. Ltd
- 6.1.9 Esaote SPA
- 6.1.10 Siemens Healthineers AG
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
China Ultrasound Devices Industry Segmentation
Sonography, another name for diagnostic ultrasonography, is an imaging method that creates images of various body structures using high-frequency sound waves. They are used to evaluate a variety of disorders relating to the liver, kidneys, and other abdominal conditions. They are also widely used to treat chronic illnesses, which include ailments including diabetes, asthma, cancer, and heart disease.
The China ultrasound devices market is segmented by application, technology, and type. By application, the market is segmented into anesthesiology, cardiology, gynecology/obstetrics, musculoskeletal, radiology, critical care, and other applications. By technology, the market is segmented into 2D ultrasound imaging, 3D and 4D ultrasound imaging, doppler imaging, and high-intensity focused ultrasound. By type, the market is segmented into stationary ultrasound and portable ultrasound. The report offers the value (in USD) for all the above segments.
| By Application | Anesthesiology |
| Cardiology | |
| Gynecology/Obstetrics | |
| Musculoskeletal | |
| Radiology | |
| Critical Care | |
| Other Applications | |
| By Technology | 2D Ultrasound Imaging |
| 3D and 4D Ultrasound Imaging | |
| Doppler Imaging | |
| High-intensity Focused Ultrasound | |
| By Type | Stationary Ultrasound |
| Portable Ultrasound |
China Ultrasound Devices Market Research FAQs
How big is the China Ultrasound Devices Market?
The China Ultrasound Devices Market size is expected to reach USD 1.18 billion in 2024 and grow at a CAGR of 6.12% to reach USD 1.59 billion by 2029.
What is the current China Ultrasound Devices Market size?
In 2024, the China Ultrasound Devices Market size is expected to reach USD 1.18 billion.
Who are the key players in China Ultrasound Devices Market?
Fujifilm Holdings Corporation, Koninklijke Philips NV, GE Healthcare, Siemens Healthineers AG and Canon Medical Systems Corporation are the major companies operating in the China Ultrasound Devices Market.
What years does this China Ultrasound Devices Market cover, and what was the market size in 2023?
In 2023, the China Ultrasound Devices Market size was estimated at USD 1.11 billion. The report covers the China Ultrasound Devices Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Ultrasound Devices Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
China Ultrasound Devices Industry Report
Statistics for the 2024 China Ultrasound Devices market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. China Ultrasound Devices analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
