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Portable Ultrasound Equipment - Global Market Trajectory & Analytics

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    Report

  • 430 Pages
  • October 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5028134

Global Portable Ultrasound Equipment Market to Reach $2.7 Billion by 2027

Amid the COVID-19 crisis, the global market for Portable Ultrasound Equipment estimated at US$1.7 Billion in the year 2020, is projected to reach a revised size of US$2.7 Billion by 2027, growing at a CAGR of 6.3% over the period 2020-2027. Cart/Trolley-Based, one of the segments analyzed in the report, is projected to record 6.4% CAGR and reach US$2.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Handheld segment is readjusted to a revised 4.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $566.2 Million, While China is Forecast to Grow at 8% CAGR

The Portable Ultrasound Equipment market in the U.S. is estimated at US$566.2 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$279.3 Million by the year 2027 trailing a CAGR of 8% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 5.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR.

Select Competitors (Total 81 Featured)

  • Canon Medical Systems Corporation
  • Clarius Mobile Health
  • Esaote SpA
  • FUJIFILM SonoSite, Inc.
  • FUKUDA DENSHI USA, INC.
  • GE Healthcare
  • Hitachi Medical Systems Europe Holding AG
  • Koninklijke Philips B.V
  • Mindray Medical International Limited
  • Samsung Healthcare
  • Siemens Healthineers AG
  • EchoNous, Inc.
  • Teratech Corporation (Terason)- Verathon, Inc.

What's New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to a digital archives and Research Platform
  • Complimentary updates for one year
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Frequently Asked Questions about the Global Market for Portable Ultrasound Equipment

What is the estimated value of the Global Market for Portable Ultrasound Equipment?

The Global Market for Portable Ultrasound Equipment was estimated to be valued at $1.7 Billion in 2020.

What is the growth rate of the Global Market for Portable Ultrasound Equipment?

The growth rate of the Global Market for Portable Ultrasound Equipment is 6.8%, with an estimated value of $2.7 Billion by 2027.

What is the forecasted size of the Global Market for Portable Ultrasound Equipment?

The Global Market for Portable Ultrasound Equipment is estimated to be worth $2.7 Billion by 2027.

Who are the key companies in the Global Market for Portable Ultrasound Equipment?

Key companies in the Global Market for Portable Ultrasound Equipment include Canon Medical Systems Corporation, Clarius Mobile Health, Esaote SpA, FUJIFILM SonoSite, Inc., FUKUDA DENSHI USA, INC., GE Healthcare, Hitachi Medical Systems Europe Holding AG, Koninklijke Philips B.V and Samsung Healthcare.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • Imaging Screening Volume % Change 1H 2019 Vs 1H 2020 in US Hospitals
  • COVID-19 Throws Spotlight on Lung Ultrasound as Pivotal Medical Imaging Modality
  • Cardiac & Vascular Ultrasound Also Gains Prominence
  • Airway and Abdominal Ultrasound for COVID-19 Patients
  • Handheld Point of Care Ultrasound Devices Present Growth Avenues for Manufacturers
  • Tele-Ultrasound to Gain from Increasing Use of TeleHealth Services
  • Medical Ultrasound: An Overview
  • An Introduction to Portable Ultrasound Equipment
  • Major Applications of Portable Ultrasound Equipment
  • Global Market Prospects & Outlook
  • Handheld Point of Care Witnesses Significant Increase
  • Developed Markets Lead, Developing Economies to Boost Long-term Growth
  • Competition
  • Market Share of Leading Players in Global Handheld Ultrasound Equipment Market: 2020E
  • Select High-End, Mid-Range and Economy Range Portable Ultrasound Machines
  • Startups Look to Transform Portable Ultrasound Market
  • Recent Market Activity
  • Portable Ultrasound Equipment - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 81 Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Portability and Convenience Advantages Boost Adoption of Portable Ultrasound Systems in Varied Applications
  • Rising Use of Ultrasound Technology for Early Disease Diagnosis Bodes Well for Portable Ultrasound Market
  • Aging Population & Rising Prevalence of Chronic Diseases Spurs Need for Portable Ultrasound Devices
  • Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
  • Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025 and 2030
  • Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • World Diabetes and Population Statistics (2019, 2030 & 2045)
  • Rise in Minimally Invasive Procedures Drive Demand for Portable Ultrasound Equipment
  • Cardiovascular Portable Ultrasound: Anytime, Anywhere Advantages of Electrocardiography Boosts Adoption
  • Global Cardiovascular Ultrasound Procedure Share (in %): 2020E
  • Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
  • Use of Portable Ultrasound Equipment Grows in Prenatal and Antenatal Care Presents Growth Opportunities
  • Global New Births (in Millions) per Annum by Geographic Region
  • Ultrasound for Therapeutic Applications: A Niche Market for Portable Systems
  • Artificial Intelligence at the Forefront in New Portable Ultrasound Systems
  • Advancements in Compact Ultrasound Systems
  • Rising Prominence of Point of Care Ultrasound Devices Boost Market
  • Real-time 3D or 4D Ultrasound Imaging Grows in Prominence
  • Technology Advancements in Handheld Ultrasound Devices Fuels Market Growth
  • Equipment with Streamlined Workflow Processes
  • Vendors Focus on New Ways to Reconstruct Images
  • Portable Handheld Ultrasound Scanners for Detection of Coronavirus
  • Improved Electronics Drive Development of Advanced Systems
  • University of California Researchers Integrate an Ultrasound Emitting Device in LMB
  • Rise in Healthcare Expenditure to Drive Growth
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • Elderly Healthcare Expenditure as a % of GDP
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Cart/Trolley-Based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World Historic Review for Cart/Trolley-Based by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 3: World 15-Year Perspective for Cart/Trolley-Based by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 4: World Recent Past, Current & Future Analysis for Handheld by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 5: World Historic Review for Handheld by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 6: World 15-Year Perspective for Handheld by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 7: World Recent Past, Current & Future Analysis for Radiology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World Historic Review for Radiology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 9: World 15-Year Perspective for Radiology by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 10: World Recent Past, Current & Future Analysis for Obstetrics/Gynecology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 11: World Historic Review for Obstetrics/Gynecology by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 12: World 15-Year Perspective for Obstetrics/Gynecology by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 13: World Recent Past, Current & Future Analysis for Musculoskeletal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 14: World Historic Review for Musculoskeletal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 15: World 15-Year Perspective for Musculoskeletal by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 16: World Recent Past, Current & Future Analysis for Cardiovascular by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 17: World Historic Review for Cardiovascular by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 18: World 15-Year Perspective for Cardiovascular by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 19: World Recent Past, Current & Future Analysis for Gastrointestinal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 20: World Historic Review for Gastrointestinal by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 21: World 15-Year Perspective for Gastrointestinal by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 22: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 23: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 24: World 15-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2021 & 2027
  • Table 25: World Recent Past, Current & Future Analysis for Portable Ultrasound Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 26: World Historic Review for Portable Ultrasound Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2012 through 2019 and % CAGR
  • Table 27: World 15-Year Perspective for Portable Ultrasound Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2021 & 2027
III. MARKET ANALYSIS
UNITED STATES
  • Portable Ultrasound Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Impact of COVID-19 Pandemic
  • Point-of-Care Ultrasound Gains Significance Amid the Pandemic
  • Portable Compact Ultrasound Systems Grow in Significance
  • Technological Innovations Drive Adoption
  • Aging Demographics Propel Market Growth
  • US Population by Age Group: 2016, 2020, 2030 and 2040 (in Million)
CANADA
JAPAN
  • Portable Ultrasound Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview
  • Breakdown of Population by Age Group in Japan: 2010, 2020 and 2025
CHINA
  • Portable Ultrasound Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • Large Population & Increasing Healthcare Expenditure to Drive Future Growth
EUROPE
  • Portable Ultrasound Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Overview
FRANCE
  • Portable Ultrasound Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • Portable Ultrasound Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • Portable Ultrasound Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Portable Ultrasound Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview
AUSTRALIA
  • Portable Ultrasound Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
INDIA
  • Portable Ultrasound Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Portable Ultrasound Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
ARGENTINABRAZILMEXICOREST OF LATIN AMERICA
MIDDLE EAST
  • Portable Ultrasound Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
IRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EAST
AFRICA
  • Portable Ultrasound Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)
IV. COMPETITION
  • Total Companies Profiled: 81

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Canon Medical Systems Corporation
  • Clarius Mobile Health
  • Esaote SpA
  • FUJIFILM SonoSite, Inc.
  • FUKUDA DENSHI USA, INC.
  • GE Healthcare
  • Hitachi Medical Systems Europe Holding AG
  • Koninklijke Philips B.V
  • Mindray Medical International Limited
  • Samsung Healthcare
  • Siemens Healthineers AG
  • EchoNous, Inc.
  • Teratech Corporation (Terason)
  • Verathon, Inc.