Meticulous Research®—a leading global market research
company, published a research report titled, ‘Portable Ultrasound Market by
Product (POCUS, Handheld Ultrasound, Transducer, Gels), Technology (2D, 3D, 4D,
Doppler), Display, Application (Breast Cancer, MSK, OB/GYN, CVD, Urology), End
User (Hospitals, ACC, Imaging Center) – Global Forecast to 2031.’
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According to this latest publication from Meticulous
Research®, the global Portable Ultrasound Market is projected to reach $3.8
billion by 2031, at a CAGR of 7.9% during the forecast period 2024–2031. The
growth of the portable ultrasound market is driven by factors such as the
growing adoption of portable medical devices in emergency care settings, the
proliferation of hospitals, and the increasing demand for handheld ultrasound
devices in ambulatory care centers and dialysis centers.
The growing preference for portable ultrasound devices over
standard ultrasound machines among healthcare professionals and the rising
demand from emerging economies are expected to create growth opportunities for
players operating in this market. However, factors such as the shortage of
skilled professionals, inadequate training programs for healthcare
professionals on the use of portable ultrasound devices, reimbursement
irregularities, poor image quality, and integration issues of portable
ultrasound devices with existing digital health infrastructure pose challenges
to the market's growth.
Key Players
The key players operating in global Portable Ultrasound
Market are GE Healthcare Technologies Inc. (U.S.), Siemens Healthineers AG
(Germany), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China),
Koninklijke Philips N.V., (Netherlands), Samsung Medison Co. Ltd. (A subsidiary
of Samsung Electronics Co. Ltd.) (South Korea), FUJIFILM Sonosite, Inc. (A
subsidiary of FUJIFILM Holdings Corporation) (U.S.), ALPINION MEDICAL SYSTEMS
Co., Ltd. (South Korea), Esaote S.p.A (Italy), EDAN Instruments, Inc. (China),
EchoNous, Inc. (U.S.), Butterfly Network, Inc. (U.S.), Konica Minolta, Inc.
(Japan), CHISON Medical Technologies Co., Ltd (China), SonoScape Medical Corp.
(China), and Healcerion Co., Ltd. (South Korea).
TOP 10 COMPANIES IN PORTABLE ULTRASOUND MARKET >> https://meticulousblog.org/top-10-companies-in-portable-ultrasound-market/?utm_source=blog&utm_medium=social&utm_campaign=product&utm_content=22-03-2024
Portable Ultrasound Market: Future Outlook
The global Portable Ultrasound Market is segmented by
product (Devices [by Portability {Point-of-care (PoC) Ultrasound (Machines and
Transducers), Handheld Ultrasound}, by Technology {2D, 3D & 4D, Doppler},
by Display {Black & White (B/W), Colored}], Gels, Accessories), Application
( OB/GYN, Cardiovascular, Urology, Musculoskeletal, Breast Cancer, Other
Applications), End User (Hospitals & Clinics, Diagnostic Imaging Centers,
Ambulatory Care Centers, Other End Users) and Geography. The study also
evaluates industry competitors and analyzes the market at regional and country
levels.
Based on product, the global portable ultrasound market is
segmented into devices, gels, and accessories. In 2024, the devices segment is
expected to account for the largest share of the market. The large market share
of this segment is attributed to the growing demand for POCUS in emergency
departments, increasing preference for ultrasound imaging near patients, the
growing prevalence of chronic diseases, and technological advancements in
portable ultrasound devices.
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Based on portability, the devices segment is further
sub-segmented into point-of-care (PoC) ultrasound and handheld ultrasound. The
handheld ultrasound segment is expected to register a higher CAGR during the
forecast period. This growth is attributed to the development and introduction
of new handheld ultrasound devices tailored for specific applications,
integration of artificial intelligence (AI) and machine learning, and other
technological advancements.
Based on application, the global portable ultrasound market
is segmented into OB/GYN, cardiovascular, urology, musculoskeletal, breast
cancer, and other applications. In 2024, the OB/GYN segment is expected to
account for the largest share of the global portable ultrasound market. The
large market share of this segment can be attributed to the growing prevalence
of conditions related to women’s reproductive health, reduction in global
infertility rates, and high incidence & rising awareness regarding early diagnosis
and monitoring of PCOD & PCOS.
According to data published by the WHO in 2023, Polycystic
ovarian syndrome (PCOS) is characterized by an ovary with a follicle count ≥12
and a size of 2 or 3 mm3. This syndrome produces side effects related to
women’s overall health, such as abnormal hair growth, weight gain, irregular
menstrual cycle, infertility, and depression. Almost 70% of women with PCOS
have infertility, and this condition is one of the common reasons for female
infertility. PCOS occurs in women during their reproductive years, between 18
and 45 years old.
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Based on end user, the global portable ultrasound market is
segmented into hospitals & clinics, diagnostic imaging centers, ambulatory
care centers, and other end users. In 2024, the hospitals & clinics segment
is expected to account for the largest share of the portable ultrasound market.
The large market share of this segment is attributed to the increasing
hospitalizations due to chronic diseases associated with an aging population,
increasing healthcare expenditure, the adoption of advanced imaging modalities
in hospitals, preference for low-cost products to control healthcare costs,
rising focus on providing point-of-care/bedside service to patients, and the
proliferation of healthcare facilities especially in emerging economies.
Portable ultrasound systems, including POCUS and handheld
ultrasound, can be used near patient areas and do not require patients to visit
special medical imaging centers for the diagnosis of various medical
conditions. Moreover, getting a bedside medical imaging facility helps
healthcare professionals in early diagnosis and treatment planning, driving the
adoption of portable ultrasound in hospitals and clinics.
Geographic Review
This research report analyzes major geographies and provides
a comprehensive analysis of North America (U.S., Canada), Europe (Germany,
France, U.K., Italy, Spain, Switzerland, and the Rest of Europe), Asia-Pacific
(Japan, China, India, South Korea, Australia, and Rest of Asia-Pacific), Latin
America (Brazil, Mexico, and Rest of Latin America), and Middle East &
Africa. China is expected to register the highest CAGR during the forecast
period (2024-2031). This growth can be attributed to the rising incidence of
orthopedic injuries and cancer, the aging demographic, government initiatives
aimed at encouraging early disease detection, the widespread adoption of
advanced medical technologies, ongoing improvements in healthcare
infrastructure, and increasing healthcare spending.
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