Global Portable Ultrasound Devices Market - Growth, Trends, and Forecasts 2017 - 2022

  • ID: 4388632
  • Report
  • Region: Global
  • 80 pages
  • Mordor Intelligence
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The global portable ultrasound devices market was valued at USD 946.5 million in the year 2015 and is expected to reach a market value of USD 1273.8 million by the year 2021, growing at a CAGR of 5.1% during the forecast period (2017 - 2022).

In portable ultrasound devices, all the components like analyzer, image processor and generator and the image display are condensed into a single small standalone unit, which weighs around 1-2 to 15-20 pounds. This unit (except in the case of Lumify, in which the probe is connected to a smartphone) is considered as a portable ultrasound device in this report. The cart-based systems that have components like analyzers separately and are not integrated into a single unit are not considered.

The new developments in portable ultrasound devices are mainly focused on increasing the ruggedness of the devices, by making them fit for remote use in addition to reducing the cost involved. Due to the introduction of portable ultrasound imaging devices, the spectrum of applications has extended to many areas like emergency medicine, critical care medicine and musculoskeletal. This is primarily due to their point-of-care imaging ability. The fact supporting the increased confidence in this technology is the adoption of portable ultrasound devices by the United States Army for on-field usage (devices manufactured by Sonosite).

Global Portable Ultrasound Devices Market-Market Dynamics

The size of the portable ultrasound devices market is increasing due to the increasing spectrum of applications along with increasing confidence in the technology, combined with the rapid imaging ability of these devices and the current market situation, which is far from reaching a plateau. While the high cost of portable ultrasound systems, along with the lack of dedicated training programs by companies and the dependency of this market on ambulatory/remote patient care infrastructure in a country are hindering the growth of this market.

In this report, the global portable ultrasound devices market has been segmented on the basis of the type of device and the area of application. Based on the type of device, this market has been segmented into portable bedside systems, hand-carried systems, and handheld systems. Based on the area of application, this market has been segmented into traditional areas (further sub-segmented into radiology, gynecology, and cardiology) of applications and emerging areas (emergency medicine, anesthesiology, critical care medicine and musculoskeletal) of applications.

Based on geography, the global portable ultrasound devices market has been segmented into North America (the United States, Canada, and Mexico), Europe (the United Kingdom, Germany, France, Italy, Spain and Portugal, Scandinavia, Benelux and Rest of Europe), Asia-Pacific (APAC) (China, Japan, India, Australia & New Zealand, South Korea and Rest of APAC), Middle-East and Africa (MEA) (GCC, South Africa and Rest of MEA), South America (Brazil, Argentina and Rest of Latin America).

Portable ultrasounds are considered an alternative and not as a substitute to conventional ultrasounds and this is the major challenge that this market is currently facing. No company has taken a mass market approach (except Philips Healthcare through Lumify) so far, and this market provides a great opportunity for companies that want to do this.

Major Companies in the Sector Include:

This Report Offers:

Market analysis for the global portable ultrasound devices market, with region-specific assessments and competition analysis on the global and regional scale.

Market definition along with the identification of key drivers and restraints.

Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.

Extensively researched competitive landscape section with profiles of major companies along with their market share.

Identification and analysis of the macro and micro factors that affect the global portable ultrasound devices on both global and regional scale.

A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.

A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.

Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
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1. Introduction
1.1 Study Deliverables
1.2 Market Definition
1.3 Sizing Units
1.4 Base Currency
1.5 Review and Forecast period
1.6 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Analysis Methodology
2.3 Econometric Forecast
2.4 Expert Validation
2.5 Study Timeline
3. Executive Summary
4. Key Inferences
5. Market Overview and Industry Trends
5.1 Current Market Scenario
5.2 Market Overview
5.3 Technology Overview
5.4 Products Overview
5.5 New Developments
5.6 Porter's Five Forces
5.6.1 Bargaining Power of Suppliers
5.6.2 Bargaining Power of Consumers
5.6.3 Threat to New Entrants
5.6.4 Threat to Substitute Products and Services
5.6.5 Competitive Rivalry within the Industry
6. Drivers, Restraints, Opportunities, and Challenges Analysis
6.1 Market Drivers
6.1.1 Increasing spectrum of applications
6.1.2 Increasing confidence in the technology
6.1.3 Rapid imaging ability
6.1.4 Market far from reaching plateau
6.2 Market Restraints
6.2.1 High cost of portable ultrasound systems
6.2.2 Lack of dedicated training programs by companies
6.2.3 Growth of market dependent on ambulatory/remote patient care infrastructure in a country
6.3 Key Challenges
6.3.1 Portable ultrasound is still an alternative and is not a substitute to conventional ultrasound
6.4 Current Opportunities in the Market
6.4.1 No mass market approach so far
7. Global Portable Ultrasound Market, by Type of Device
7.1 Portable Bed Side Systems
7.2 Hand Carried Systems
7.3 Hand Held Systems
8. Global Portable Ultrasound Market, by Area of Application
8.1 Traditional Areas
8.1.1 Radiology
8.1.2 Gynecology
8.1.3 Cardiology
8.2 Emerging Areas
8.2.1 Emergency Medicine
8.2.2 Anesthesiology
8.2.3 Critical Care Medicine
8.2.4 Musculoskeletal
9. Global Portable Ultrasound Market, by Geography
9.1 North America
9.1.1 United States
9.1.2 Canada
9.1.3 Mexico
9.2 Europe
9.2.1 United Kingdom
9.2.2 Germany
9.2.3 France
9.2.4 Italy
9.2.5 Spain & Portugal
9.2.6 Scandinavia
9.2.7 BENELUX
9.3 Asia-Pacific (APAC)
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 Australia & New Zealand
9.3.5 South Korea
9.3.6 Rest of APAC
9.4 Middle East and Africa (MEA)
9.4.1 GCC
9.4.2 South Africa
9.4.3 Rest of MEA
9.5 South America
9.5.1 Brazil
9.5.2 Argentina
9.5.3 Rest of Latin America
10. Competitive Landscape
10.1 Merger and Acquisition Analysis
10.2 New Product Launches
10.3 Agreements, Collaborations and Partnerships
11. Key Vendor Analysis
11.1 Sonosite/Fujifilm
11.2 GE Healthcare
11.3 Hitachi Healthcare
11.4 Fukuda
11.5 Mindray
11.6 Toshiba Medical Systems
11.7 Philips Healthcare
11.8 Samsung Medical
11.9 Siemens Healthcare
12. Analyst Outlook for Investment Opportunities
13. Future Outlook of the Market
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