Portable Ultrasound Devices Market by Type, Technology, Application, End Use, and by Region - Global Forecast to 2022-2033

The portable ultrasound devices market size is estimated to be USD 1,895.2 million in 2022 and is expected to witness a CAGR of 5.97% during the forecast period 2023-2033. Increasing healthcare technology improvements, a rise in patients' preferences for minimally invasive procedures, and widespread usage of imaging systems in emergency care are some of the factors contributing to the market growth. Additionally, rapid advancement of technology, increase in demand for portable ultrasound devices and rising number of chronic diseases are other factors supporting the market growth. However, high price of portable ultrasound devices and lack of skilled workforce is expected to hinder the growth.

Rising number of chronic diseases is expected to propel the market growth during the projected period. For instance, in the U.S., 4 in 10 persons have two or more disorders, and approximately 6 in 10 adults have at least one chronic disorder. Additionally, cancer and heart diseases make up a significant portion of all chronic diseases. These devices allow for the detection of cancerous cell development and the differentiation between benign and malignant forms.

Rapid advancement of technology is predicted to fuel the market growth during the forecast period. For instance, GE Healthcare announced the launch of Vscan Air, the first wireless portable ultrasound device from the company, in March 2021. These factors are predicted to have a favourable effect on industry growth during the projection period.

Segmentation

By Type

The market is categorized into handheld and laptop-based. In the global market, the handheld segment accounted for the largest revenue share in 2022 owing to the improved picture quality as technology advances. Considering their diagnostic significance, high-end ultrasound devices are expensive, difficult to move, and often only available in specialised medical wards. These ultrasound devices are the smallest that can fit in a physician's coat pocket. Compared to console ultrasound systems, handheld ultrasound equipment is more affordable and easier for professionals to transport. Laptop-based ultrasound devices can be used at the bedside either on a cart or by hand due to their compact designs. These devices provide advantages that justify their price, such as substantial battery backup and advanced image capabilities. These ultrasound machines' small size reduces stretching time and allows for easy access to controls. In a variety of medical applications, enhanced miniature technology has increased clinical effectiveness.

By Technology

The market is divided into doppler ultrasound, 2D ultrasound, 3D & 4D ultrasound, high-intensity focused ultrasound. In 2022, the doppler ultrasound segment accounted for the highest revenue share due to its high-resolution medical display that makes use of multi-beam parallel technology and sub-array component transducers. A non-invasive diagnostic process is termed a Doppler ultrasound imaging measures the blood flow in the arteries by reflecting high-frequency sound radiation (ultrasound) from off moving red blood cells. This procedure can be used in place of invasive procedures including angiography, which involves injecting a dye into the blood vessels to make them visible on X-ray imaging. To evaluate arterial damage or to monitor particular vein and artery therapy, the doctors use a Doppler ultrasound. The 3D and 4D portable ultrasound segment is anticipated to exhibit the fastest CAGR over the projection period. Imaging options are more advanced in 3D and 4D than in 2D. Although virtually all medical specialties use ultrasound, 3D and 4D imaging are frequently associated with pregnancy.

By Application

The market is segregated into cardiovascular, musculoskeletal, obstetrics/gynecology, gastric, urology, and others. In the global market, the obstetrics/gynecology segment accounted for the largest revenue share in 2022 owing to rising prevalence of gynecological diseases such as uterine, fibroids, and cervical cancers. In most cases, handheld and laptop-based devices with best imaging methods are required. Expectant parents can use portable ultrasound machines easily and with a lot of flexibility. For instance, in 2021, GE Healthcare launched the Vscan Extend, a handheld ultrasound scanner that enables medical professionals to assess the mother's health, including any potential cardiac conditions, and the fetus's position, fluid levels, and uterine fibroids. The cardiovascular segment is anticipated to grow at a significant CAGR due to the rising incidence of cardiovascular disorders (CVD) worldwide. According to the American Heart Association, 868,662 deaths in the United States were attributable to cardiovascular disease (CVD) in 2017.

By End Use

The market is segmented into home care, hospitals & clinics, ambulatory surgical centers, diagnostic labs, maternity centers, others. In 2022, the hospitals & clinics segment accounted for the largest revenue share owing to their more precise image quality and smaller size. Doctors are already deploying portable ultrasounds to remote hospitals as body imaging solutions. Nowadays, ultrasonography can be used in medical facilities with dependable power sources and limited space for heavy equipment. Although portable ultrasound technology is still in its development, it has grown quickly and already represents a sizeable percentage of the ultrasound market. The home care segment is anticipated to exhibit a CAGR over the projection period. A widely accepted trend that has been evolving gradually over the past few years is ultrasound technology shifting from the clinical setting to the home setting. However, it is the responsibility of the doctor to provide home training and handheld portable devices to patients with particular conditions who needs to be scanned more frequently. They would be able to scan themselves at a specific frequency and send the images right to the doctor, which is expected to be safer, more effective, and economical in the long run.

Regional Markets

In 2022, North America region accounted for the highest revenue in the portable ultrasound devices market and is expected to maintain its dominance during the forecast period. This is attributed to the rapid medical improvements, funding of medical research, and developments. Some of the major drivers of the regional market expansion are the existence of a substantial number of market competitors and the advanced healthcare infrastructure. Asia Pacific is expected to have the fastest growth during the forecast period. A spike in diseases is being driven by the region's growing population and lifestyle choices. According to the World Population Ageing 2019 report, the number of people over 65 in China is expected to rise from 164.48 million in 2019 to 246.98 million in 2030. Medical device companies from throughout the world are expanding into the Asia Pacific region due to the region's enormous population, market potential, and reduced production costs.

Competitor Insights

Some of the key players operating in the portable ultrasound devices market are Fukuda Denshi, Samsung, GE Healthcare, Koninklijke Philips N.V., FUJIFILM Holdings Corporation, Shenzhen Mindray Bio-medical Electronics Co., Ltd, Siemens, Canon Inc, Hitachi Ltd., and BenQ, among others.

To achieve a competitive edge, these companies are implementing a variety of growth strategies. Strategic partnerships, alliances, and agreements with different businesses and research institutions are seen to be the main strategies used by companies in this sector.

For instance, in order to boost procedural and diagnostic assurance, FUJIFILM introduced Sonosite LX in February 2022, the most advanced luxury point-of-care ultrasound device. The company's largest clinical imaging system to date, Sonosite LX combines proprietary improved picture clarity. To encourage better teamwork, it also has a touch interface and an adjustable monitor.

This comprehensive research report focuses on the global and regional market size and forecasts of diverse segments including type, technology, application, and end use from 2023 to 2033.

Segmentation: Portable Ultrasound Devices Market Report 2022 - 2033

Type (Revenue, USD Million), 2022 - 2033

• Handheld
• Laptop-based

Technology (Revenue, USD Million), 2022 - 2033

• Doppler Ultrasound
• 2D Ultrasound
• 3D & 4D Ultrasound
• High-intensity Focused Ultrasound

Application (Revenue, USD Million), 2022 - 2033

• Cardiovascular
• Musculoskeletal
• Obstetrics/Gynecology
• Gastric
• Urology
• Others

End Use (Revenue, USD Million), 2022 - 2033

• Home Care
• Hospitals & Clinics
• Ambulatory Surgical Centers
• Diagnostic Labs
• Maternity Centers
• Others

By Region (Revenue, USD Million), 2022 - 2033

North America

• U.S.
• Canada

Europe

• Germany
• France
• UK
• Spain
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Australia
• South Korea
• Rest of APAC

Latin America

• Brazil
• Mexico
• Argentina
• Rest of LATAM

Middle East & Africa

• South Africa
• GCC
• Rest of MEA