Philips Ultrasound Market Share | Insights, Trends & Growth Analysis 2025

Code: MTA10306 Publication Date: Oct 2025

What is the size of Philips Ultrasound Market?

According to 6Wresearch internal database and industry insights, the Philips Ultrasound Market is estimated at USD 2.4 billion in 2024, projected to reach USD 4.1 billion by 2031, registering a CAGR of 6.7% between 2025-2031.

This expansion is supported by advancements in diagnostic imaging, rising healthcare expenditure, and increasing demand for point-of-care ultrasound systems. This industry accounted for an estimated market share of over 20% within the medical imaging segment in 2024.

Growth Factors for Philips Ultrasound Industry

  • Increasing adoption of advanced imaging technologies in healthcare facilities.
  • Growing need for non-invasive diagnostic procedures.
  • Rising investments in healthcare infrastructure and hospital modernisation.
  • Expansion of tele-ultrasound and remote diagnostics services.
  • Continuous innovation in portable and handheld ultrasound devices.

Philips Ultrasound Market Trends 

Trends in the Philips Ultrasound Market reflect a clear movement towards compact systems and AI and image-based imaging systems for increased diagnostic precision. Progress made in machine learning algorithms allows for better image quality and fewer mistakes on behalf of the clinician. The demand for wireless and portable ultrasound systems is steadily increasing among healthcare workers who use ultrasound at the point of care. The links of cloud-based data storage and sharing in real time of the data drive the transformation of how ultrasound imaging is delivered in traditional hospital settings compared to outpatient care environments.

Emerging Developments in the Philips Ultrasound Market

Developments in the Philips Ultrasound Market show an increase in digital transformation and the development of connectivity features. There is a clear emphasis on software integration and 3D and 4D imaging capabilities development. Even partnerships are being formed between companies and health institutions to improve and collect information-based interventions across disciplines like cardiology, obstetrics, and oncology. Additionally, continuous advancements in AI-assisted interpretation of imaging increase workflow efficiency, while the introduction of new product launches made with eco-design principles speaks to sustainable health delivery models and longer-term innovation perspectives.

List of Leading Companies in the Philips Ultrasound Market

Some of the leading companies include:

  • Philips Healthcare
  • GE HealthCare
  • Siemens Healthineers
  • Canon Medical Systems Corporation
  • Samsung Medison Co., Ltd.
  • Fujifilm Healthcare
  • Mindray Medical International Limited

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