ASEAN Ultrasound Market Outlook (2021-2031)

The ASEAN ultrasound market size is expected to reach US$ 138.0 million by 2031 from US$ 99.7 million in 2024. The market is estimated to record a CAGR of 4.8% from 2025 to 2031.

Executive Summary and ASEAN Ultrasound Market Analysis:

The ultrasound market across ASEAN is moderately developed, with significant variations in technology and medical infrastructure between countries. While Singapore, Malaysia, and Thailand have integrated ultrasound imaging into mainstream clinical workflows, other nations continue to face challenges in scaling diagnostic services. The healthcare systems across the region are at different levels of maturity, affecting technology adoption. However, ultrasound is still a crucial tool for diagnosis, particularly maternal health.

As there is a lack of centralized imaging centers in rural and semi-urban areas, portable and point-of-care systems are being used more often. The region's collective push toward universal health coverage and primary care improvement is gradually enhancing access to diagnostic tools. Partnerships between public and private sectors, along with regional collaboration, are helping to fill the technology gap. New training programs are developing more skilled professionals to operate the equipment.

ASEAN Ultrasound Market Strategic Insights

ASEAN Ultrasound Market Segmentation Analysis

Key segments that contributed to the derivation of the ultrasound market analysis are product type, portability, application, and end user.

• By product type, the ultrasound market is segmented into diagnostic ultrasound systems and therapeutic ultrasound systems. The diagnostic ultrasound systems segment dominated the market in 2024.
• By portability, the ultrasound market is segmented into portable/trolley-based devices and handheld devices. The portable/trolley-based devices segment dominated the market in 2024.
• By application, the ultrasound market is segmented into general imaging, cardiology, oncology, gynecology, orthopedics, urology, gastroenterology, and other. The general imaging segment dominated the market in 2024.
• By end user, the market is segmented into hospitals, specialty clinics, diagnostics imaging centers, ambulatory surgical centers, and others. The hospitals segment held the largest share of the market in 2024.

ASEAN Ultrasound Market Outlook

The ASEAN ultrasound market is experiencing steady expansion driven by rising healthcare demand, technological advancements, and increasing emphasis on early disease detection. Across the region, governments and private healthcare providers are prioritizing enhanced diagnostic capabilities, accelerating the adoption of modern ultrasound systems in hospitals, clinics, and point-of-care settings. A growing burden of chronic diseases, alongside heightened awareness of maternal and prenatal health, continues to strengthen the need for reliable imaging solutions. At the same time, manufacturers are introducing more portable, AI-enhanced, and user-friendly devices suited to diverse clinical environments, from major urban hospitals to remote community health centers. Training initiatives and collaborations between industry players and medical institutions are also helping expand the pool of skilled ultrasound operators. Together, these factors are shaping a dynamic and competitive ecosystem that supports broader access to diagnostic imaging and encourages ongoing innovation within the ASEAN region.

ASEAN Ultrasound Market Country Insights

Based on country, the ASEAN ultrasound Market is further segmented into Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam. Singapore held the largest share in 2024.

Singapore leads the ASEAN ultrasound space owing to its well-established healthcare system and emphasis on innovation in medicine. Ultrasound imaging can be found integrated into clinical workflows at public hospitals, private clinics, and specialty centers. The country has adopted advanced technologies such as AI-enabled imaging and high-resolution systems, which improve diagnostic accuracy and support efficient patient care. In particular, supportive regulatory framework allows for quick introduction of new devices, while the requisite resources are skilled at maximizing the performance of ultrasound imaging. Additionally, the government has enhanced digital health and smart hospitals, which will further support the incorporation of ultrasound technology into the routine care of patients. As such, Singapore's leadership in healthcare policy, clinical excellence, uptake of technology and innovations makes Singapore the innovation hub of ultrasound in ASEAN region.

ASEAN Ultrasound Market Report Highlights

ASEAN Ultrasound Market Company Profiles

GE HealthCare, Siemens Healthineers AG, FUJIFILM Holdings Corporation, Canon Inc., Koninklijke Philips N.V., Esaote SPA, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Hologic Inc., Trivitron Healthcare, and Samsung Healthcare are among the key players operating in the market. These players adopt strategies such as expansion, product innovation, and mergers and acquisitions to stay competitive in the market and offer innovative products to their consumers.

ASEAN Ultrasound Market Research Methodology:

The following methodology has been followed for the collection and analysis of data presented in this report:

• Secondary Research

The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:

• Company websites, annual reports, financial statements, broker analyses, and investor presentations
• Industry trade journals and other relevant publications
• Government documents, statistical databases, and market reports
• News articles, press releases, and webcasts specific to companies operating in the market

Note: All financial data included in the Company Profiles section has been standardized to US$. For companies reporting in other currencies, figures have been converted to US$ using the relevant exchange rates for the corresponding year.

• Primary Research

Business Market Insights conducts a significant number of primary interviews each year with industry stakeholders and experts to validate and analyze the data and gain valuable insights. These research interviews are designed to:

• Refine findings from secondary research
• Enhance the expertise and market understanding of the analysis team
• Gain insights into market size, trends, growth patterns, competitive dynamics, and future prospects

Primary research is conducted via email interactions and telephone interviews with industry experts across various markets, categories, segments, and sub-segments in different regions. Participants typically include:

• Industry stakeholders: Vice Presidents, business development managers, market intelligence managers, and national sales managers
• External experts: Valuation specialists, research analysts, and key opinion leaders with industry-specific expertise

ASEAN Ultrasound Market Country and Regional Insights

ASEAN Ultrasound Key Sources Referred:

• The World Bank World Development Indicators
• World Health Organization (WHO)
• Center for Disease Control and Prevention (CDC)
• International Society of Ultrasound in Obstetrics and Gynecology (ISUOG)
• Radiological Society of North America (RSNA)
• American Institute of Ultrasound in Medicine (AIUM)
• National Institutes of Health (NIH)
• Global Cancer Observatory
• Company website
• Company annual reports
• Company investor presentations