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Portable Ultrasound Equipment - Global Market Trajectory & Analytics

  • ID: 5028134
  • Report
  • January 2021
  • Region: Global
  • 324 pages
  • Global Industry Analysts, Inc
Global Portable Ultrasound Equipment Market to Reach $2.6 Billion by 2027

The global market for Portable Ultrasound Equipment is projected to reach US$ 2.6 billion by the year 2027, trailing a post COVID-19 CAGR of 6.3% over the analysis period 2020 through 2027. Portable ultrasound represents a form of medical ultrasonography which uses light and small-sized devices unlike the console type ultrasound machine, its predecessor. Portable ultrasound devices relate to medical imaging devices which employ ultrasound for visualization of internal organs, tendons, and muscles and for diagnosis of various illnesses. These devices have advanced significantly with time, with the present devices gaining popularity due to their small size, light weight, and durability. They offer good quality and high resolution images at a considerably lesser cost, in comparison to traditional ultrasound devices. These devices also support in quicker interventions and improved monitoring in acute events. In remote or rural locations, which have a dearth of resources and manpower, portable ultrasound devices are considered to be beneficial, as they facilitate better treatment due to their capability to transfer images to central locations. Ultrasound continues to be one of the most compelling and extensively used medical imaging modality for the healthcare community owing to its comprehensive range of advantages in the field of radiology, emergency medicine and critical care.

The method is non-invasive, repeatable and affordable as well as is quick to perform, can be performed at the bedside, and avoids patient exposure to ionizing radiations. The COVID-19 has underscored the significance of ultrasound in the healthcare arena. POCUS is being increasingly utilized as a tool for diagnosis and triaging of patients, specifically those in temporary medical facilities without such imaging equipment in place. By assessing oxygen levels and lung scans, care providers can ascertain the patients that require hospitalization and those that can be quarantine in hoe settings. The triage involving use of portable ultrasounds for COVID-19 testing was for the first time used in Norther Italy and subsequently finding use in other areas as well. The portable nature of ultrasound systems eliminates the requirement to move COVID-19 patients for medical imaging, which considerably reduces contamination risk. In addition, Lung Ultrasound (LUS) is perceived as an effective medical imaging modality as COVID-19 primarily targets the respiratory system of infected people. Medical practitioners are also leveraging the technique for diagnosing and monitoring other conditions related to the heart, airways and abdomen, making ultrasound an indispensable modality during COVID-19. The technique has done a commendable job during earlier outbreaks such as Ebola, allowing medical professionals to deliver patient care while reducing spread of the infection. LUS along with computed tomography (CT) and plain chest radiography (CXR) is widely used in hospitals for chest imaging, which requires imaging modalities that are reproducible, reliable and quick. In addition, the perfect modality needs to deliver high specificity and sensitivity while ensuring the procedure at the bedside. Studies on chest radiographs of COVID-19 patients have revealed that CT along with LUS offers superior sensitivity than CXR, resulting in enhanced diagnosis.

Thoracic CT imaging is the most suitable screening option to detect COVID-19 as it offers better performance than PCR, allowing timely detection, containment and management of patients. On the other hand, CT holds limited availability and is associated with decontamination issues. In addition, moving patients for CT holds the risk of spreading the infection. These issues are driving various healthcare facilities to embrace LUS to assess COVID-19 infection. The method is affordable, portable and allows clinicians to perform the process at the bedside. In addition, the direct association of COVID-19 with the respiratory system makes LUS a perfect option to diagnose respiratory and other conditions like acute cardiomyopathy, pneumothorax, acute pulmonary embolism, pleural effusions and superadded or secondary infection. LUS reduces the reliance on CT, enhances risk stratification and allows clinicians to maintain isolation protocols to mitigate the containment risk. LUS can be effectively used for initial diagnosis of the COVID-19 infection, assessing severity and managing the disease. LUS also offers an effective and non-invasive technique for monitoring extravascular lung water in COVID-19 patients to assess the requirement of diuretic therapy. Moreover, LUS can be used with echocardiographic to measure stroke volume along with fluid responsiveness for diagnostic accuracy as well as supporting the fluid therapy.

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.

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.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of COVID-19 Pandemic and Looming Global Recession
  • EXHIBIT 1: 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
  • EXHIBIT 2: 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
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
  • EXHIBIT 3: Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
  • EXHIBIT 4: Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
  • EXHIBIT 5: Global Annual Medical Cost of CVD in US$ Billion: 2010, 2015, 2020, 2025 and 2030
  • EXHIBIT 6: Global Cancer Incidence: Number of New Cancer Cases in Million for the Years 2018, 2020, 2025, 2030, 2035 and 2040
  • EXHIBIT 7: 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
  • EXHIBIT 8: Global Cardiovascular Ultrasound Procedure Share (in %): 2020E
  • EXHIBIT 9: 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
  • EXHIBIT 10: 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
  • EXHIBIT 11: World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
  • EXHIBIT 12: Elderly Healthcare Expenditure as a % of GDP
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • GEOGRAPHIC MARKET ANALYSIS
  • UNITED STATES
  • 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
  • EXHIBIT 13: US Population by Age Group: 2016, 2020, 2030 and 2040 (in Million)
  • Market Analytics
  • CANADA
  • JAPAN
  • Market Overview
  • EXHIBIT 14: Breakdown of Population by Age Group in Japan: 2010, 2020 and 2025
  • Market Analytics
  • CHINA
  • Market Overview
  • Large Population & Increasing Healthcare Expenditure to Drive Future Growth
  • Market Analytics
  • EUROPE
  • Market Overview
  • Market Analytics
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • Market Overview
  • Market Analytics
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • IRAN
  • ISRAEL
  • SAUDI ARABIA
  • UNITED ARAB EMIRATES
  • REST OF MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 125
Note: Product cover images may vary from those shown
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