Global Portable Ultrasound Market Size to Value USD

New York, United States, July 15, 2024 (GLOBE NEWSWIRE) — The global portable ultrasound market is projected to grow from USD 2.16 billion in 2023 to USD 3.94 billion in 2033, at a compound annual growth rate (CAGR) of 6.20% during the forecast period 2023-2033.

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Portable ultrasound devices are mobile ultrasound systems designed for use in small spaces, at the patient’s bedside or in the field. They can be cart-based, tablet-based or handheld. Portable ultrasound devices have numerous applications in emerging fields such as emergency medicine, intensive care medicine and musculoskeletal health. Portable ultrasound equipment allows for quick access to ultrasound when space is limited. These gadgets are currently used in major disease areas such as cardiology, radiography, endocrinology and gynecology. Due to the increased demand for outpatient services in both developing and developed countries, the portable ultrasound market is expanding. The portable ultrasound industry is booming as technological improvements make the devices more compact and affordable. They are increasingly used for point-of-care examinations, especially in emergency and isolated settings. The increasing prevalence of chronic diseases and preference for non-invasive diagnostics are increasing adoption. However, several factors are limiting the expansion of the portable ultrasound industry. High initial capital costs and limited imaging capabilities compared to traditional machines can hinder adoption, especially in smaller healthcare facilities.

Scroll Key industry information on 190 pages, including 110 tables and graphs of market data from the report “Global Portable Ultrasound Market Analysis of the size, share and impact of COVID-19 by type (mobile ultrasound device, portable ultrasound device), application (gynecology, cardiology, urology, anesthesiology, musculoskeletal), end user (hospitals and clinics, home care, other) and region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa), analysis and forecast for 2023-2033.

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The mobile ultrasound device segment is expected to grow the fastest of all in the forecast period.
Based on type, the portable ultrasound market is segmented into mobile ultrasound devices and portable ultrasound devices. Out of these, the mobile ultrasound device segment is expected to grow at the highest CAGR during the forecast period. Mobile ultrasound devices are becoming increasingly popular in developing countries as the demand for outpatient treatment is increasing. While wealthier countries like the United States have a well-established portable ultrasound equipment market, there is also a growing demand for mobile ultrasound devices.

The gynecology segment is expected to hold the largest market share during the forecast period.
Based on application, the portable ultrasound market is classified into gynecology, cardiology, urology, anesthesiology, and musculoskeletal. Out of these, the gynecology segment is expected to hold the largest market share during the forecast period. This dominance is due to the critical role that ultrasound technology plays in women’s healthcare, especially in obstetrics and gynecology. Portable ultrasound machines offer flexibility and simplicity for quick assessments, due to which they are widely used in clinics, hospitals, and remote locations.

The hospital and clinic segment is expected to hold the largest share in the portable ultrasound market during the forecast period.
Based on end-user, the portable ultrasound market is categorized into hospitals and clinics, home care, and others. Out of these, the hospitals and clinics segment is expected to grow at the highest CAGR during the forecast period. This dominance is due to the widespread adoption of portable ultrasound devices in these settings, which enable quick and accurate examinations that are critical to patient care. Hospitals and clinics with reliable power sources and limited space for bulky equipment can now adopt ultrasound.

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North America is expected to hold the largest share of the portable ultrasound market during the forecast period..

North America is expected to hold the largest share in the portable ultrasound market during the forecast period. This is largely due to improved healthcare infrastructure, higher rates of disease and infection, greater emphasis on new product development, and growth in the number of regional companies manufacturing portable ultrasound devices. Rapid advancements in the medical sector as well as allocation of funds for medical research and development are some of the major reasons driving the expansion of the regional market.

Asia Pacific is expected to witness the highest CAGR growth in the portable ultrasound market during the forecast period. This growth is being driven by factors such as increasing demand for point-of-care diagnostics, technological advancements resulting in more compact and affordable devices, increasing prevalence of chronic diseases, growing geriatric population, and supportive government initiatives to improve healthcare infrastructure.

Competition analysis:

The report offers a proper analysis of the key organizations/companies involved in the global market along with comparative evaluation primarily based on their product offerings, business overview, geographical presence, company strategies, segment market share, and SWOT analysis. The report also provides a detailed analysis focusing on the current news and events of the companies including product developments, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This helps in assessing the overall competition in the market. The major vendors in the global portable ultrasound market are Siemens Healthineers, Hitachi Ltd., GE Healthcare, Koninklijke Philips N.V., Mindray Bio-Medical Electronics Co.Ltd., Canon Medical System Corporation, Toshiba Corporation, FUJIFILM Philips N.V., Samsung Healthcare, EDAN Instruments, Butterfly Network, Landwind Medical Systems Co. Ltd., Accutome Inc., Shenxhen Mindray Bio-Medical Electronics Co.Ltd. and other key suppliers.

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Last changes

• In February 2023Mindray’s first wireless portable ultrasound system, TE Air, is designed specifically to meet the needs of healthcare professionals worldwide for a high-quality portable ultrasound device that is easy to use in a variety of medical settings and provides clear point-of-care (POCUS) ultrasound imaging.

Segment of the market
This study projects revenues at the global, regional, and country levels from 2023 to 2033. Spherical Insights segments the portable ultrasound market based on the following segments:

Global Portable Ultrasound Devices Market by Type

• Mobile ultrasound device
• Portable ultrasound device

Global Portable Ultrasound Devices Market by Application

• Gynecology
• Cardiology
• Urology
• Anesthesiology
• Musculoskeletal system

Global Portable Ultrasound Devices Market by End User

• Hospitals and clinics
• Home care
• Others

Global Portable Ultrasound Devices Market by Regional Analysis

• Europe
  • Germany
  • Great Britain
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia and Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East and Africa
  • UAE
  • Saudi Arabia
  • runny nose
  • South Africa
  • Rest of Middle East and Africa

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