An ultrasound observation apparatus includes: a transmitting-and-receiving unit that: generates an electrical transmission drive wave for generating an ultrasound pulse to be transmitted by an ultrasound probe; outputs the transmission drive wave to the ultrasound probe; and receives an electrical echo signal from the ultrasound probe; an analysis unit that analyzes a frequency of the echo signal to calculate a frequency spectrum of the echo signal; a setting unit that sets, in accordance with the transmission drive wave, a frequency band used in calculating a feature of the frequency spectrum; a correction unit that corrects intensity of the frequency spectrum in the frequency band, using a correction amount defined according to the transmission drive wave, to calculate a corrected frequency spectrum; and an approximation unit that approximates the corrected frequency spectrum calculated by the intensity correction unit, in the frequency band, to extract a feature of the corrected frequency spectrum.