Market Size of China Ultrasound Devices Industry
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 |
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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 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 Size Summary
The ultrasound devices market in China is poised for significant growth over the forecast period, driven by the increasing prevalence of chronic diseases and technological advancements in medical imaging. The market is experiencing a resurgence following the impact of COVID-19, which highlighted the utility of ultrasound in diagnosing and monitoring respiratory conditions. The demand for ultrasound devices is expected to rise as healthcare providers continue to leverage these tools for early and effective diagnosis, particularly in the context of chronic diseases such as cancer, cardiology, and neurology. The introduction of innovative products by major market players further fuels this growth, with advancements in portable ultrasound technology offering enhanced convenience and diagnostic capabilities.
The market for 2D ultrasound devices is also expected to expand, supported by their widespread application in gynecology, cardiology, and cancer care. The rising birth rate in China is anticipated to drive the demand for 2D ultrasound devices, as they play a crucial role in prenatal diagnostics and fetal growth monitoring. The competitive landscape of the market is characterized by the presence of key players such as Canon Medical Systems Corporation, Siemens Healthineers AG, and GE Healthcare, who are actively launching new products and forming strategic partnerships to strengthen their market position. Overall, the ultrasound devices market in China is set to experience robust growth, underpinned by technological innovations and increasing healthcare needs.
China Ultrasound Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Burden of Chronic Diseases
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1.2.2 Technological Advancements
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1.3 Market Restraints
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1.3.1 Stringent Regulations
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value - USD)
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2.1 By Application
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2.1.1 Anesthesiology
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2.1.2 Cardiology
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2.1.3 Gynecology/Obstetrics
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2.1.4 Musculoskeletal
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2.1.5 Radiology
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2.1.6 Critical Care
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2.1.7 Other Applications
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2.2 By Technology
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2.2.1 2D Ultrasound Imaging
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2.2.2 3D and 4D Ultrasound Imaging
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2.2.3 Doppler Imaging
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2.2.4 High-intensity Focused Ultrasound
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2.3 By Type
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2.3.1 Stationary Ultrasound
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2.3.2 Portable Ultrasound
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China Ultrasound Devices Market Size 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.