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The global portable ultrasound market is expected to grow at a CAGR of 6.91% from 2022 to 2028. The major driving factors for the global market are the increasing continuum of applications of portable ultrasound, increasing technological advancements, and the growing prevalence of chronic diseases. The introduction of portable ultrasound has a variety of applications in many emerging care settings such as critical care, emergency medicine, long-term care, ambulatory surgical settings, anesthesiology, musculoskeletal, and prehospital. Speak directly to the analyst to clarify any post sales queries you may have.
MARKET TRENDS & DRIVERS
Increasing Demand for AI-Based Portable Ultrasound Device
- From telemedicine to vaccines to diagnostic imaging, the pandemic has produced a huge boom in medical technology. COVID-19 has created new demand for devices that diagnose and treat injuries, illnesses, and chronic conditions.
- AI-based solutions boost diagnostic precision and aid in decision-making, improving patient outcomes. For instance, applying deep learning to medical imaging can give patients a smooth, tailored experience throughout their care. The integration of AI into POCUS devices, with increased compactness and lower cost, is driving the wider adoption of these devices in the global portable ultrasound market.
Future Expansion of Care Settings
- When people need medical attention, whether a severe injury, a sudden illness, or a simple check-up, they receive varying attention. Some settings are more appropriate than others because some sites specialize in one type of care more than another. Ambulatory care is one of the most common facilities for receiving medical care, and various functions or levels of care can be provided at these locations. The term care setting symbolizes a broad range of services and places where healthcare occurs, including urgent care centers, acute care hospitals, long-term care facilities, rehabilitation centers, nursing homes, and other specialized outpatient services (e.g., chemotherapy, hemodialysis, podiatry, endoscopy, pain management clinic, and dentistry), and outpatient surgery centers. In addition, several healthcare services are offered in private offices or home settings.
- Prehospital point-of-care ultrasound (POCUS) or portable ultrasound has the potential to improve patient outcomes, and the role of portable ultrasound was ranked among the top five research priorities in physician-delivered prehospital critical care in 2011. Expanding and proposed care settings can be a potential area for the portable ultrasound to explore. These expansions of care settings have a huge growth potential for the portable ultrasound market.
- Rising Adoption of Handheld Devices in Emergency Medicine
- Technological advances have introduced truly handheld ultrasound (HHU) into the point-of-care ultrasound (POCUS) market. With smaller footprints, consumer-friendly interfaces, and decreased price points, the large enchantment of those devices is clear. However, as with maximum rising technology in healthcare, the arrival of HHU devices brings several clinical and educational potentials in addition to new challenges and complicated questions on managing patient data.
- The picture-generating technology between handhelds and conventional machines is comparable, with one exception. Conventional cart-primarily based ultrasound systems and maximum handhelds use piezoelectric crystal technology to create ultrasound images. However, the Butterfly Network Inc. product utilizes capacitive micromachined ultrasound transducers on complementary metal oxide semiconductors or CMUT-on-CMOS technology. CMUTs replace the traditional vibrating piezoelectric crystals with oscillating drums embedded in a single silicon chip, serving the same feature of converting electricity into sound waves.
SEGMENTATION INSIGHTS
INSIGHTS BY PRODUCT
The compact product accounts for the largest share of 85.37% in the global portable ultrasound market; the large share is attributed to its use in all medical specialties like medical imaging, musculoskeletal, cardiology, OB/GYN, vascular, urology, and internal medicine. These systems are acquainted with all the advanced features and technological advancements such as 4D, 5D, and color Doppler. These systems have Digital Imaging and Communications in Medicine (DICOM), allowing flexibility when connecting to picture archiving and communication systems (PACS). Technicians can also export patient data by DVD and USB media with an integrated DICOM viewer.Koninklijke Philips has a wide range of compact ultrasounds and holds the second-highest share in the global portable ultrasound market. Some products from Koninklijke Philips are CX50 xMATRIX, Sparq, Affiniti 30, and Affiniti 50.
Segmentation by Product
- Compact
- Handheld
INSIGHTS BY APPLICATION
The global portable ultrasound market is segmented into general imaging, cardiovascular, OB/GYN, and others. In 2022, general imaging accounted for 34.87% of the global market share. General Imaging is the first category of ultrasound equipment and refers to ultrasound equipment that can provide imaging for general or most common types of diagnostic tests. General imaging portable ultrasound can provide images suitable for abdominal, musculoskeletal, vascular, and urology applications and small parts.Radiologists and many other physicians either scan directly with a general imaging ultrasound machine or have a sonographer scan for them. Liver, scrotal, thyroid, pancreas, gallbladder, bladder, kidney, spleen, and hip scans are done using a general imaging portable ultrasound. Vendors like Philip, Esaote, and others offer a wide range of portable ultrasound devices used in general imaging. For instance, Esaote offers high-quality imaging with eHD Technology, Fusion Imaging, and Elaxto-Elastosonography Imaging and contrast media procedures available in compact ultrasound and exceptional performing portable units to diagnose.
Segmentation by Application
- General Imaging
- Cardiovascular
- OB/GYN
- Others
INSIGHTS BY END-USER
Hospitals are the largest end-user segment in the global portable ultrasound market, accounting for a share of 38.23%. Imaging developments in healthcare enable physicians to increase their productivity and improve efficiency. Incorporating portable ultrasound technologies in hospitals has increased over recent years. The prevalence of chronic illnesses, such as cancers, cardiovascular conditions, neurological diseases, respiratory diseases, and many other medical conditions, increases the work pressure on radiologists and departments with conventional ultrasound systems. The increased load of diseased patients requiring imaging activities compels hospital radiologists to adopt portable ultrasounds.Segmentation by End-Users
- Hospitals
- Diagnostic Imaging Centers
- OB/GYN Clinics/Centers
- Others
GEOGRAPHICAL ANALYSIS
APAC constituted the highest share of 36.11% in the global portable ultrasound market in 2022. The region will likely witness large acceptance of portable ultrasound devices if quality healthcare is provided to large population segments. Chronic diseases, aging-related conditions, and maternal mortality are the main contributor to the growth of the portable ultrasound market in the region.China and India are the two major revenue contributors in the regional market, as both countries have the presence of huge populations along with targeted patient demographics. The dominance of China in the global portable ultrasound market is mainly attributable to the presence of a large number of portable ultrasound manufacturers, a rise in the number of hospitals and diagnostic centers, awareness of advanced healthcare technologies, strong economic growth, and healthcare reforms.
Segmentation by Geography
- APAC
- China
- India
- Japan
- South Korea
- Malaysia
- Thailand
- Australia
- Europe
- UK
- Germany
- France
- Italy
- Spain
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- Turkey
VENDOR LANDSCAPE
The global portable ultrasound market is moderately dynamic, with a few international and several regional players offering a comprehensive range of portable ultrasounds. GE Healthcare, Koninklijke Philips, Siemens Healthineers, Canon Medical Systems, Mindray, and Fujifilm SonoSite are the key players in the market. Several international players focus on developing innovative products equipped with advanced technologies, such as AI, to expand their product portfolio. Major companies focus on remaining competitive in the market with investments in R&D initiatives.Key Company Profiles
- GE Healthcare
- Koninklijke Philips
- Mindray
- FUJIFILM
- Canon Medical Systems
- Siemens Healthineers
Other Prominent Vendors
- DRAMINSKI
- Quantel Medical
- Healcerion
- Clarius
- Butterfly
- Shantou Institute of Ultrasonic Instruments
- MEDGYN PRODUCTS
- Viatom
- CHISON Medical Technologies
- Esaote
- Konica Minolta
- Dawei Medical
- Kaixin
- Promed Technology
- Fude Technology
- Sonoscanner
- BenQ Medical
- Meda
- The Prometheus Group
- Xuzhou RuishengChaoying Electronic Technology
- Swissray
- IMV
- E.I. Medical Imaging
- ASUSTeK Computer
- Samsung Healthcare
- CONTEC MEDICAL SYSTEMS
- Hologic
- Advanced Instrumentations
KEY QUESTIONS ANSWERED
1. How big is the portable ultrasound market?2. What is the growth rate of the portable ultrasound market?
3. Which are the key companies in the global portable ultrasound market?
4. Which region holds the most significant global portable ultrasound market share?
5. What are the rising trends in the portable ultrasound market?
Table of Contents
1 Research Methodology2 Research Objectives
3 Research Process
4 Scope & Coverage
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.1.3 Market Estimation Caveats
4.2 Base Year
4.3 Scope of the Study
4.3.1 Market Segmentation by Geography
5 Report Assumptions & Caveats
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 Premium Insights
6.1 Market Overview
6.1.1 Market Dynamics
6.1.2 Market Segmentation
7 Market at a Glance
8 Introduction
8.1 Overview
8.1.1 Key Points
8.1.2 Application Areas
9 Market Opportunities & Trends
9.1 Increased Demand for Ai-Based Portable Ultrasound Device
9.2 Future Expansion of Care Settings
9.3 Technological Advances in Portable Ultrasound
10 Market Growth Enablers
10.1 Increased Adoption of Point-Of-Care Ultrasound Devices
10.2 a Rise in Adoption of Handheld Devices in Emergency Medicine
10.3 Increasing Prevalence of Patient Demographics
11 Market Restraints
11.1 Limitations Associated with Portable Ultrasound
11.2 Alternative Imaging Methods/Platforms for Portable Ultrasound
11.3 Shift Toward Refurbished Ultrasound Systems
12 Market Landscape
12.1 Market Overview
12.2 Market Size & Forecast
12.2.1 Insights by Geography
12.2.2 Insights by Product
12.2.3 Insights by Application
12.2.4 Insights by End-User
12.3 Five Forces Analysis
12.3.1 Threat of New Entrants
12.3.2 Bargaining Power of Suppliers
12.3.3 Bargaining Power of Buyers
12.3.4 Threat of Substitutes
12.3.5 Competitive Rivalry
13 Product
13.1 Market Snapshot & Growth Engine
13.2 Market Overview
13.3 Compact
13.3.1 Market Overview
13.3.2 Market Size & Forecast
13.3.3 Market by Geography
13.4 Handheld
13.4.1 Market Overview
13.4.2 Market Size & Forecast
13.4.3 Market by Geography
14 Application
14.1 Market Snapshot & Growth Engine
14.2 Market Overview
14.3 General Imaging
14.3.1 Market Overview
14.3.2 Market Size & Forecast
14.3.3 Market by Geography
14.4 Cardiovascular
14.4.1 Market Overview
14.4.2 Market Size & Forecast
14.4.3 Market by Geography
14.5 Ob/Gyn
14.5.1 Market Overview
14.5.2 Market Size & Forecast
14.5.3 Market by Geography
14.6 Others
14.6.1 Market Overview
14.6.2 Market Size & Forecast
14.6.3 Market by Geography
15 End-User
15.1 Market Snapshot & Growth Engine
15.2 Market Overview
15.3 Hospitals
15.3.1 Market Overview
15.3.2 Market Size & Forecast
15.3.3 Market by Geography
15.4 Diagnostic Imaging Centers
15.4.1 Market Overview
15.4.2 Market Size & Forecast
15.4.3 Market by Geography
15.5 Ob/Gyn Clinics/Centers
15.5.1 Market Overview
15.5.2 Market Size & Forecast
15.5.3 Market by Geography
15.6 Others
15.6.1 Market Overview
15.6.2 Market Size & Forecast
15.6.3 Market by Geography
16 Geography
16.1 Market Snapshot & Growth Engine
16.2 Geographic Overview
17 APAC
17.1 Market Overview
17.2 Market Size & Forecast
17.3 APAC: Product Segmentation
17.4 APAC: Application Segmentation
17.5 APAC: End-user Segmentation
17.6 Key Countries
17.6.1 China: Market Size & Forecast
17.6.2 India: Market Size & Forecast
17.6.3 Japan: Market Size & Forecast
17.6.4 South Korea: Market Size & Forecast
17.6.5 Malaysia: Market Size & Forecast
17.6.6 Thailand: Market Size & Forecast
17.6.7 Australia: Market Size & Forecast
18 Europe
18.1 Market Overview
18.2 Market Size & Forecast
18.3 Europe: Product Segmentation
18.4 Europe: Application Segmentation
18.5 Europe: End-User Segmentation
18.6 Key Countries
18.6.1 Germany: Market Size & Forecast
18.6.2 France: Market Size & Forecast
18.6.3 Uk: Market Size & Forecast
18.6.4 Italy: Market Size & Forecast
18.6.5 Spain: Market Size & Forecast
19 North America
19.1 Market Overview
19.2 Market Size & Forecast
19.3 North America: Product Segmentation
19.4 North America: Application Segmentation
19.5 North America: End-User Segmentation
19.6 Key Countries
19.6.1 Us: Market Size & Forecast
19.6.2 Canada: Market Size & Forecast
20 Latin America
20.1 Market Overview
20.2 Market Size & Forecast
20.3 Latin America: Product Segmentation
20.4 Latin America: Application Segmentation
20.5 Latin America: End-User Segmentation
20.6 Key Countries
20.6.1 Brazil: Market Size & Forecast
20.6.2 Mexico: Market Size & Forecast
20.6.3 Argentina: Market Size & Forecast
21 Middle East & Africa
21.1 Market Overview
21.2 Market Size & Forecast
21.3 Middle East & Africa: Product Segmentation
21.4 Middle East & Africa: Application Segmentation
21.5 Middle East & Africa: End-user Segmentation
21.6 Key Countries
21.6.1 Turkey: Market Size & Forecast
21.6.2 South Africa: Market Size & Forecast
21.6.3 Saudi Arabia: Market Size & Forecast
22 Competitive Landscape
22.1 Competition Overview
22.2 Market Share Analysis
23 Key Company Profiles
23.1 GE Healthcare
23.1.1 Business Overview
23.1.2 GE Healthcare in Portable Ultrasound Market
23.1.3 Product Offerings
23.1.4 Key Strategies
23.1.5 Key Strengths
23.1.6 Key Opportunities
23.2 Koninklijke Philips
23.2.1 Business Overview
23.2.2 Koninklijke Philips in Portable Ultrasound Market
23.2.3 Product Offerings
23.2.4 Key Strategies
23.2.5 Key Strengths
23.2.6 Key Opportunities
23.3 Shenzhen Mindray Bio-Medical Electronics
23.3.1 Business Overview
23.3.2 Shenzhen Mindray Bio-Medical Electronics in Portable Ultrasound Market
23.3.3 Product Offerings
23.3.4 Key Strategies
23.3.5 Key Strengths
23.3.6 Key Opportunities
23.4 Fujifilm
23.4.1 Business Overview
23.4.2 Fujifilm in Portable Ultrasound Market
23.4.3 Product Offerings
23.4.4 Key Strategies
23.4.5 Key Strengths
23.4.6 Key Opportunities
23.5 Canon Medical Systems
23.5.1 Business Overview
23.5.2 Canon Medical Systems in Portable Ultrasound Market
23.5.3 Product Offerings
23.5.4 Key Strategies
23.5.5 Key Strengths
23.5.6 Key Opportunities
23.6 Siemens Healthineers
23.6.1 Business Overview
23.6.2 Siemens Healthineers in Portable Ultrasound Market
23.6.3 Product Offerings
23.6.4 Key Strategies
23.6.5 Key Strengths
23.6.6 Key Opportunities
24 Other Prominent Vendors
24.1 Draminski
24.1.1 Business Overview
24.1.2 Product Offerings
24.2 Quantel Medical
24.2.1 Business Overview
24.2.2 Product Offerings
24.3 Healcerion
24.3.1 Business Overview
24.3.2 Product Offerings
24.4 ClariUS
24.4.1 Business Overview
24.4.2 Product Offerings
24.5 Butterfly
24.5.1 Business Overview
24.5.2 Product Offerings
24.6 Shantou Institute of Ultrasonic Instruments
24.6.1 Business Overview
24.6.2 Product Offerings
24.7 Medgyn Products
24.7.1 Business Overview
24.7.2 Product Offerings
24.8 Viatom
24.8.1 Business Overview
24.8.2 Product Offerings
24.9 Chison Medical Technologies
24.9.1 Business Overview
24.9.2 Product Offerings
24.10 Esaote
24.10.1 Business Overview
24.10.2 Product Offerings
24.11 Konica Minolta
24.11.1 Business Overview
24.11.2 Product Offerings
24.12 Dawei Medical
24.12.1 Business Overview
24.12.2 Product Offerings
24.13 Kaixin
24.13.1 Business Overview
24.13.2 Product Offerings
24.14 Promed Technology
24.14.1 Business Overview
24.14.2 Product Offerings
24.15 Fude Technology Group
24.15.1 Business Overview
24.15.2 Product Offerings
24.16 Sonoscanner
24.16.1 Business Overview
24.16.2 Product Offerings
24.17 Benq Medical
24.17.1 Business Overview
24.17.2 Product Offerings
24.18 Meda
24.18.1 Business Overview
24.18.2 Product Offerings
24.19 the Prometheus Group
24.19.1 Business Overview
24.19.2 Product Offerings
24.20 Xuzhou Ruishengchaoying Electronic Technology
24.20.1 Business Overview
24.20.2 Product Offerings
24.21 Swissray
24.21.1 Business Overview
24.21.2 Product Offerings
24.22 Imv
24.22.1 Business Overview
24.22.2 Product Offerings
24.23 E.I. Medical Imaging
24.23.1 Business Overview
24.23.2 Product Offerings
24.24 Asustek Computer
24.24.1 Business Overview
24.24.2 Product Offerings
24.25 Samsung Healthcare
24.25.1 Business Overview
24.25.2 Product Offerings
24.26 Contec Medical Systems
24.26.1 Business Overview
24.26.2 Product Offerings
24.27 Hologic
24.27.1 Business Overview
24.27.2 Product Offerings
24.28 Advanced Instrumentations
24.28.1 Business Overview
24.28.2 Product Offerings
25 Report Summary
25.1 Key Takeaways
25.2 Strategic Recommendations
26 Quantitative Summary
26.1 Market by Product
26.1.1 APAC: Product Segmentation
26.1.2 Europe: Product Segmentation
26.1.3 North America: Product Segmentation
26.1.4 Latin America: Product Segmentation
26.1.5 Middle East & Africa: Product Segmentation
26.2 Market by Application
26.2.1 APAC: Application Segmentation
26.2.2 Europe: Application Segmentation
26.2.3 North America: Application Segmentation
26.2.4 Latin America: Application Segmentation
26.2.5 Middle East & Africa: Application Segmentation
26.3 Market by End-User
26.3.1 APAC: End-user Segmentation
26.3.2 Europe: End-User Segmentation
26.3.3 North America: End-User Segmentation
26.3.4 Latin America: End-User Segmentation
26.3.5 Middle East & Africa: End-User Segmentation
26.4 Market by Geography
26.4.1 Compact: Geography Segmentation
26.4.2 Handheld: Geography Segmentation
26.4.3 General Imaging: Geography Segmentation
26.4.4 Cardiovascular: Geography Segmentation
26.4.5 Ob/Gyn: Geography Segmentation
26.4.6 Others: Geography Segmentation
26.4.7 Hospitals: Geography Segmentation
26.4.8 Diagnostic Imaging Centers: Geography Segmentation
26.4.9 Ob/Gyn Clinics/Centers: Geography Segmentation
26.4.10 Others: Geography Segmentation
27 Appendix
27.1 Abbreviations
Companies Mentioned
- GE Healthcare
- Koninklijke Philips
- Mindray
- FUJIFILM
- Canon Medical Systems
- Siemens Healthineers
- DRAMINSKI
- Quantel Medical
- Healcerion
- Clarius
- Butterfly
- Shantou Institute of Ultrasonic Instruments
- MEDGYN PRODUCTS
- Viatom
- CHISON Medical Technologies
- Esaote
- Konica Minolta
- Dawei Medical
- Kaixin
- Promed Technology
- Fude Technology
- Sonoscanner
- BenQ Medical
- Meda
- The Prometheus Group
- Xuzhou RuishengChaoying Electronic Technology
- Swissray
- IMV
- E.I. Medical Imaging
- ASUSTeK Computer
- Samsung Healthcare
- CONTEC MEDICAL SYSTEMS
- Hologic
- Advanced Instrumentations
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 292 |
| Published | February 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 1420.3 Million |
| Forecasted Market Value ( USD | $ 2120.43 Million |
| Compound Annual Growth Rate | 6.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 34 |
