Market Scope of Portable Ultrasound Device Market

The global Portable Ultrasound Device Market was valued at USD 2,173.7 million in 2021 and is predicted to increase at a CAGR of 12.9% to USD 5,737.8 million by 2030. The expanding spectrum of portable ultrasound applications, technological improvements, and the growing prevalence of chronic diseases are the primary factors driving the growth of the portable ultrasound devices market. Portable Ultrasound Equipment is a form of medical ultrasound equipment that employs ultrasound technology and is more portable than larger ultrasound machines seen in hospitals. Portable ultrasound technology is useful in a variety of fields, including emergency medicine, critical care medicine, and musculoskeletal health.

The growing patient population base in lung diseases and lifestyle-related disorders, the increase in the elderly population, therapy techniques, the growing market demand for minimally invasive diagnostics, and the collection of people who are concerned or belong to a specific person or group of people are driving factors in the global portable ultrasound market. Additionally, the rise in accident cases and malignancies, common targeted diseases, and the high risk of surgical operations for older persons are driving the market. Advances in technology, such as emergency medicine and primary care, drive market expansion, and rising awareness of portable ultrasonography will fuel global demand. Moreover, the upcoming use of low-power and charging technologies is expected to propel the industry forward. Furthermore, lowering the cost of portable ultrasound instruments can help to fuel growth potential. Growth events such as training programs and the expansion of ambulatory and remote patient care infrastructure create commercial opportunities. The strengthening of healthcare knowledge through divestiture strategies and growing companies' capabilities through acquisitions focused on product and technology breakthroughs will assist market growth in the next years.

Key Highlights of the Report

• The Cardiovascular segment is expected to grow at a CAGR of more than 5.1 percent over the forecast period because of the increasing prevalence of Cardiovascular Disorders (CVD) worldwide. According to the WHO, CVDs are the main cause of death worldwide, accounting for 17.9 million deaths per year. Furthermore, developments in ultrasound technology for cardiac applications are projected to drive market growth. For example, Philips will offer Affiniti CVx in August 2020, expanding its cardiovascular ultrasound portfolio. The technology is intended to assist cardiology departments in providing better care to a greater number of patients while enhancing efficiency and throughput.

• The hospital’s segment dominated the ultrasound device market in 2021, with a revenue share of more than 39.0 percent, and is likely to retain its lead throughout the forecast period. The extensive usage of ultrasound devices in medical settings, as well as an increase in the number of people entering hospitals with various lifestyle-related ailments, can be contributed to the segment's growth. The development of portable systems is likely to increase the demand for ultrasound devices in both outpatient and in-patient settings. Furthermore, the increased use of technologically advanced imaging systems, as well as increased mergers and acquisitions between hospitals and market competitors, are expected to drive demand for new installations in the future years.
• North America dominated the market, accounting for more than 30.0 percent of total revenue in 2021. The region is predicted to increase rapidly over the projection period. The presence of a substantial number of market competitors in the region, as well as the rising number of cancer patients, are two main factors driving the regional market growth. A growing emphasis on the development of innovative products, as well as the incidence of infections and disorders, has made North America an attractive location. Furthermore, prominent companies are likely to investigate prospects in the demand for precise medical imaging to treat cancer.
• The report contains qualitative and quantitative research on the global Portable Ultrasound Device Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides an in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

List of Key Players in the Global Portable Ultrasound Device Market:

• Fujifilm SonoSite, Inc.
• GE Healthcare
• Hitachi Ltd
• Fukuda Denshi
• Shenzhen Mindray
• Canon Medical Systems Corporation
• Koninklijke Philips N.V.
• Samsung Medical
• Siemens Healthineers

Segmentation

By Type Of Device

• Mobile Ultrasound Device
• Hand-Held Ultrasound Device

By Application

• Cardiovascular
• Obstetrics And Gynecology
• Gastric
• Musculoskeletal
• Others

By End-User

• Hospitals
• Diagnostic Centers
• Ambulatory Care Centers
• Others

By Region

• North America

• U.S.
• Canada

• Europe

• Germany
• U.K.
• France
• Italy
• Spain
• Rest of Europe

• The Asia Pacific

• China
• India
• Japan
• Rest of Asia Pacific

• Latin America

• Brazil
• Mexico
• Rest of Latin America

• The Middle East and Africa

• UAE
• South Africa
• Rest of theMiddle East and Africa (MEA)