BRICS Ultrasound Market Outlook (2021-2031)

The BRICS ultrasound market size is expected to reach US$ 989.3 million by 2031 from US$ 644.8 million in 2024. The market is estimated to record a CAGR of 6.3% from 2025 to 2031.

Executive Summary and BRICS Ultrasound Market Analysis:

The BRICS countries are a rapidly evolving group and one of the dominant countries in the medical ultrasound market. The growth of the market is primarily attributable to the huge, rapidly expanding healthcare system, growth in public and private healthcare spending and an expanding middle class, demanding increasing standards of service. China is leading the BRICS market and has leveraged a world-class manufacturing infrastructure and a proactive national strategy to produce both high-end and affordable ultrasound systems.

The market in these countries is unique in its duality, with great demand for sophisticated, high-end systems in the major cities, but at the same time, also a demand for affordable, durable systems to serve the large rural populations. This duality provides a fertile ground for innovation, especially in the pursuit of affordable, portable and easy-to-use ultrasound models.

BRICS Ultrasound Market Strategic Insights

BRICS 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.

BRICS Ultrasound Market Outlook

The ultrasound market in BRICS countries is witnessing rapid growth, driven by shifts in population and new technology. Rising geriatric population and surging incidences of chronic illnesses are demanding reliable and easy-to-scale diagnostic tools. Additionally, rising investment in upgrading healthcare infrastructure by the governments to serve remote locations is fueling the demand for ultrasound devices. Furthermore, a vast majority of clinicians are increasingly opting for portable and point-of-care ultrasound, which has both applicability and efficiency in diagnostics and applications.

Artificial intelligence is increasingly utilized in image processing and workflows, particularly in urban hospitals. With government support, ultrasound technology is becoming a vital part of the overall imaging and diagnostic transformation occurring across the BRICS countries.

BRICS Ultrasound Market Country Insights

Based on country, the BRICS ultrasound market is further segmented into Russia, Brazil, South Africa, India, China, Egypt, Indonesia, Saudi Arabia, and the UAE. China held the largest share in 2024.

China is a prominent country in the BRICS ultrasound market and a global leader in medical imaging. The country's strong position is owing to its large and competitive local market, a solid manufacturing system, and strong government support. National policies have prioritized the establishment of a self-sufficient medical technology industry. This has enabled local companies to develop into robust competitors against international corporations. These companies have successfully refined their ability to deliver high-quality ultrasound systems that incorporate cutting-edge features while remaining budget-friendly. This strategic approach has led to their products gaining popularity not only in China but also in various developing nations where there is a strong need for cost-effective healthcare solutions.

BRICS Ultrasound Market Report Highlights

BRICS 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.

BRICS 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

BRICS Ultrasound Market Country and Regional Insights

BRICS 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