Global Portable Ultrasound Market Report and Forecast 2024-2032

Global Portable Ultrasound Market Outlook

The global portable ultrasound market value was USD 2.38 billion in 2023, driven by the technological advancements in ultrasound imaging across the globe. The market size is anticipated to grow at a CAGR of 8.9% during the forecast period of 2024-2032 to achieve a value of USD 5.14 billion by 2032.

Increased Demand for Mobile Ultrasound Devices to Bolster the Market Growth of the Global Portable Ultrasound Industry

Based on device type, the mobile ultrasound device segment is predicted to hold a healthy market share in the portable ultrasound industry. This can be attributed to the increased deployment of mobile ultrasound devices in ambulatory care centres, especially in developing economies, to improve the accessibility to essential medical facilities. In addition, their easy-to-use nature is also expected to add to their overall popularity in the market.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Meanwhile, in terms of application, the cardiovascular segment is projected to aid the market growth in the forecast period, owing to the rising number of patients suffering from cardiovascular issues. These factors are expected to contribute to the overall industry growth in the forecast period.

North America to Offer Lucrative Growth Opportunities for the Global Portable Ultrasound Industry Expansion

North America is estimated to occupy a considerable share of the portable ultrasound industry in the forecast period. The market growth in the region can be attributed to the availability of advanced healthcare infrastructure. Additionally, the increasing incidences of chronic illnesses in the region are also leading to an increase in healthcare expenditure by the government, which, in turn, is projected to aid the market growth. Further, the rising geriatric population in the region, which is more susceptible to diseases and injury, is also anticipated to lead to an increased adoption of portable ultrasound devices, thus, adding to the industry growth in the forecast period.

Portable Ultrasound: Market Segmentation

Portable ultrasound devices refer to compact, mobile ultrasound machines that offer broad applicability. These machines can be laptop based, tablet based, or handheld. These devices are ideal for small spaces and patient’s bedside. In addition, portable ultrasound machines are increasingly utilised in on-field scanning for various applications, including radiology, endocrinology, gastroenterology, and paediatrics, among others.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

By device type, the market is bifurcated into:

• Handheld Ultrasound Device
• Mobile Ultrasound Device

On the basis of application, the market can be divided into:

• Cardiovascular
• Obstetrics and Gynaecology
• Musculoskeletal
• Gastric
• Others

Based on end user, the industry can be segmented into:

• Hospitals 
• Diagnostics 
• Ambulatory Care Centres
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Increased Demand for Efficient Medical Devices to Drive the Global Portable Ultrasound Industry

The rising incidences of severe illnesses and diseases are leading to an increased demand for efficient medical devices. In this regard, portable ultrasound devices are helpful for patients with mobility issues, such as obese patients or paraplegic patients. Additionally, the growing demand for minimally invasive diagnostic procedures is also being observed. This is projected to drive the market growth in the forecast period. Moreover, the  increased expenditure on regular health check-ups by people is projected to aid the industry growth. In addition, the rapid technological advancements are also anticipated to propel the market growth in the coming years. For instance, in March 2021, GE Healthcare announced the launch of Vscan Air, which is the company’s first wireless portable ultrasound device. These factors are estimated to positively impact the industry growth in the forecast period.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Key Industry Players in the Global Portable Ultrasound Market

The report gives a detailed analysis of the following key players in the global portable ultrasound market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Fujifilm SonoSite Inc.
• General Electric Company
• Hitachi
• Fukuda Denshi
• Canon Medical Systems Corporation
• Koninklijke Philips
• Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.

Key Highlights of the Report