Healthcare

Global Portable Ultrasound Market Growth Analysis: CAGR, Drivers and Future Projections

According to a research report published by Spherical Insights & Consulting, teGlobal Portable Ultrasound Machine Market Size is Expected to Grow from USD 2.16 Billion in 2023 to USD 3.94 Billion by 2033, at a CAGR of 6.20% during the forecast period 2023-2033.

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Portable ultrasound machines are ultrasound systems designed for use in small areas, by bedside, or during moving. They may be cart-based, tablet-based, or hand-carried. The range of applications for portable ultrasound devices is increasing into more developing areas such as emergency medicine, critical care medicine, and musculoskeletal subject areas. They are currently being used in all primary areas of disease including cardiology, radiography, endocrinology, and gynecology. With the growing demand for ambulatory services in developing and developed areas, there has been an increase in both demand and supply for portable ultrasound applications and increased market growth. Furthermore, the speed at which patients receive care depends on several factors, including the availability of medical equipment and technology in emergency departments. The instrument of this portable ultrasound machine is one of the most sensitive and important medical imaging equipment found in an emergency department. It will provide real-time images and will help with diagnosis due to its non-invasive methodology. However, In the portable ultrasound machine market, high capital investments restrict its growth.

Browse key industry insights spread across 240 pages with 130 Market data tables and figures & charts from the report on the Global Portable Ultrasound Machine Market Size, Share, and COVID-19 Impact Analysis, By Type (Mobile Ultrasound Device, Handheld Ultrasound Device), By Application (Gynecology, Cardiology, Urology, Anesthesiology, Musculoskeletal), End-User (Hospitals & Clinics, Home Care, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.

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The mobile ultrasound device segment is expected to grow at a rapid CAGR growth through the forecast period.

On the basis of the type, the portable ultrasound machine market is divided into mobile ultrasound device and handheld ultrasound devices. Among these, the mobile ultrasound device segment is expected to grow at a rapid CAGR growth through the forecast period. This is attributed to the increased demand for mobile ultrasound devices because of their effectiveness in providing mobile care.

The gynecology segment is expected to hold the largest market revenue share through the projected period.

On the basis of the application, the portable ultrasound machine market is categorized into gynecology, cardiology, urology, anesthesiology, and musculoskeletal. Among these, the gynecology segment is expected to hold the largest market revenue share through the projected period. This is attributed to ultrasound technology being essential for women’s healthcare, especially in obstetrics and gynecology.

The hospitals & clinics segment is expected to hold the greatest revenue share through the projected period.

On the basis of the end user, the portable ultrasound machine market is divided into hospitals & clinics, home care, and others. Among these, the hospitals & clinics segment is expected to hold the greatest revenue share through the projected period. This is attributed to the portable ultrasound machines are widely utilized in hospitals and clinics to afford rapid and accurate assessments that are vital to patient care.

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North America is expected to hold the greatest share of the portable ultrasound machine market over the predicted timeframe.

North America is expected to hold the greatest share of the portable ultrasound machine market over the predicted timeframe. The advancement of health infrastructure, rising incidences of diseases and infections, increasing focus on the invention of new products, and a greater number of regional companies producing portable ultrasound devices.

Asia Pacific is anticipated to grow at a rapid CAGR growth of the portable ultrasound machine market during the forecast period. Some rising driving factors such as increasing demand for point-of-care diagnostics, innovations resulting in smaller and more economical devices, prevalence of chronic diseases, a growing population of aged people, and government initiatives that support improvement in healthcare infrastructure, are encouraging growth in the market

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the portable ultrasound machine market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global portable ultrasound machine 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 others.

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 Key Market Development

  • In August 2023, E. Healthcare, a globalized medical technology and digital solution provider launched a new wireless small ultrasound system, featuring crystal image quality across whole-body scans.
  • In November 2021, the World Health Organisation with funding from the Government of Japan contributed 16 Portable Ultrasound Machines Price N$ 801,843.00 to the Ministry of Health and Social Services, Namibia.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global portable ultrasound machine market based on the below-mentioned segments:

Global Portable Ultrasound Machine Market, By Type

  • Mobile Ultrasound Device
  • Handheld Ultrasound Device

 Global Portable Ultrasound Machine Market, By Application

  • Gynecology
  • Cardiology
  • Urology
  • Anesthesiology
  • Musculoskeletal

 Global Portable Ultrasound Machine Market, By End-User

  • Hospitals & Clinics
  • Home Care
  • Others

 Global Portable Ultrasound Machine Market, By Regional Analysis

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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