United Kingdom Ultrasound Devices Market Size

UK Ultrasound Devices Market Analysis

The United Kingdom Ultrasound Devices Market size is expected to grow from USD 406.35 million in 2023 to USD 514.93 million by 2028, at a CAGR of 4.85% during the forecast period (2023-2028).

COVID-19 had an adverse impact on the ultrasound devices market in the United Kingdom. The underfunding of radiologists, radiographers, and imaging technology must be addressed, despite the fact that imaging services are working hard to regain momentum by expanding capacity and rebuilding patient trust. Compared to Computerized Axial Tomography (CT Scan, 0.34 million), Magnetic Resonance Imaging (MRI, 0.34 million), and Diagnostic Ultrasonography (Ultrasound, 0.42 million), all of which will be worth 0.42 million in May 2020, according to the National Health Service England and National Health Service Improvement Statistics 2019-2020. Ultrasounds that might have been used to diagnose ovarian cancer received the majority of general practitioners' referrals. This has a favorable effect on the market in COVID-19. Thus, the market is likely to grow in the future. Similarly, East Surrey Hospital purchased the Samsung HS60 in April 2020 to aid in the fight against Covid-19. Abdominal, vascular, and obstetric scanning are just a few of the portable ultrasound applications that may be carried out using this device. Thus, it is anticipated that such activities will accelerate market expansion.

The development of new products and the rising frequency of chronic illnesses like cardiovascular ailments are anticipated to have the most effects on the growth of the ultrasound devices market in the United Kingdom throughout the course of the study's projected period. An aging and growing population, improved survival rates from heart and circulatory events, and an estimated 7.6 million people in the United Kingdom are living with heart and cardiovascular diseases, according to the British Heart Foundation's July 2021 report. As ultrasound devices are widely used in the monitoring of cardiovascular conditions, these numbers are expected to rise even further. The same report estimates that approximately 1.4 million people (1 million men and 380,000 women) living in the United Kingdom had survived a heart attack, which suggests the high prevalence of heart attack and other risk factors of cardiovascular diseases in the country and is expected to boost the growth of the studied market. Additionally, according to the aforementioned source, over 100,000 hospital admissions each year are due to heart attacks, which is about 280 admissions per day. The introduction of new products is also anticipated to contribute to the market for ultrasound equipment in the UK's long-term growth. For instance, in March 2020, Samsung Ultrasound RS85 Radiology Systems from MIS healthcare were employed by University College London Hospitals (UCLH) in their brand-new Royal National ENT and Eastman Dental Hospital complex on Huntley Street. Thus, the abovementioned factors are expected to increase market growth.

However, stringent regulations are expected to hinder the market growth.