Global Handheld Ultrasound Imaging Devices Market – Industry Trends and Forecast to 2030

Global Handheld Ultrasound Imaging Devices Market, By Application Area (Cardiac, Emergency Medicines, Gynaecological or Obstetrics, Musculoskeletal, Pulmonary, Urological, Vascular and Other Application Areas), Type of Transducer Array (Curved, Endocavity, Linear, Phased and Other Scanners), Mode of Imaging (Brightness, Colour Doppler, Motion, Power Doppler, Pulsed Wave, Tissue Harmonic and Others), Type of Software (Smartphone Application and Customized Software-Based Scanners), Connectivity Provision (Universal Serial Bus (USB), Cellular or Wi-Fi and Bluetooth), Data Management Feature (Internal, External, and Cloud or Remote Monitoring), End-Users (Ambulatory Surgical Centers, Diagnostic Imaging Centers, Hospitals, Maternity Clinics, Specialty Clinics and Other End-Users) – Industry Trends and Forecast to 2030.

Handheld Ultrasound Imaging Devices Market Analysis and Size

The increasing consciousness regarding the early disease diagnosis, technological development in handheld ultrasound imaging devices. In addition, broad collection of applications of handheld ultrasound imaging devices in the modern healthcare such as abdomen, cardiology, gynecology, musculoskeletal, obstetrical, orthopaedics, paediatrics and urology positively affect the global handheld ultrasound imaging devices market. There is, an urgent need for solutions that can increase diagnosis efficiency in order to relieve the overly-burdened global healthcare system. Furthermore, rising prevalence of cancer and demand for cancer diagnosis extend profitable opportunities to the market players. In addition, increase in the population, surge in healthcare expenditure, improved healthcare infrastructure and growth of awareness extend profitable opportunity to the market players in the forecast period of 2023 to 2030.

Data Bridge Market Research analyses that the global handheld ultrasound imaging devices market which was USD 1,920.33 million in 2022, and is expected to reach USD 2,903.63 million by 2030, and is expected to undergo a CAGR of 5.4% during the forecast period of 2023 to 2030. “Hospitals” dominates the end-users segment of the global handheld ultrasound imaging devices market owing to the increasing cases in hospitals. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Handheld Ultrasound Imaging Devices Market Scope and Segmentation

Market Definition

Handheld ultrasound imaging devices are lightweight, mobile or portable devices/scanners, which are designed for diagnostic purposes. The applications of such devices in modern healthcare are vast, spanning almost all major medical disciplines, such as abdomen, cardiology, gynecology, musculoskeletal, obstetrical, orthopaedics, paediatrics and urology.

Global Handheld Ultrasound Imaging Devices Market Dynamics

Drivers

• Increase in the Prevalence of Diseases

The rise in incidence of diseases and availability of effective product pipeline of the companies involved in development of ultrasound imaging devices accelerate the global market growth. The devices are increasingly used in various areas such as musculoskeletal, critical care medicine, and emergency medicine. Adoption of these devices has grown considerably on account of rising number of minimally invasive procedures and for prenatal and antenatal care of mothers Moreover, these handheld devices improve patient care and prevent excessive bleeding or infection, surgical treatments which are widely being performed with minimally invasive techniques or keyhole procedures. This will further act as driver that will lead to the growth of the handheld ultrasound imaging devices market in the above mentioned projected timeframe of 2023 to 2030.

• Rising Advancements in Technology

Expanding geriatric population worldwide is predicted to favour the immunomodulators as this population is more prone to develop diseases. The number of persons above 65 years is projected to double in the coming years. The old age people are prone to various chronic diseases such as cardiovascular diseases, endovascular diseases, infectious diseases, and dental disorders

The handheld Ultrasound devices have seen prolific use in diagnostic medical imaging. These ultrasound based imaging is considered safer. It has found diverse applications in abdominal, small parts, musculoskeletal, general imaging, superficial, vascular, urology, cardiac, and pediatrics imaging, among others. Moreover, the ultrasound imaging technology has seen tremendous advancements and improvements, which can foster the demand for the imaging devices across the globe.

• Increasing Spectrum of Applications of the Portable Ultrasound

The introduction of portable ultrasound devices has a variety of applications in many emerging fields, like emergency medicine, critical care medicine, and musculoskeletal. Portable ultrasound devices are used for easy access to ultrasound when limited space is there. Currently, these devices are being used in the major areas of diseases, such as cardiology, radiology endocrinology and gynecology. Since there is a rising need of ambulatory services across developing as well as developed countries, the demand for portable ultrasound devices is increasing, which is leading to the growth of the market.

Opportunities

• Rising Strategic Initiatives by Market Players

Furthermore, key product launches, high concentration of market players or manufacturer's presence, and acquisition and partnerships among major players will extend profitable opportunities for the market players in the forecast period of 2023 to 2030. In addition, the rising demand for devices has significantly heightened the need for development. Increasing advancement in technology and rising number of innovations along with rising product approvals which will further contribute by generating immense opportunities that will further expand the market's growth rate in the future.

Restraints/Challenges

• Limited Access of Medical Professionals

On the other hand, limited or no access of medical professionals to these handheld ultrasonography scanners is expected to hinders the market. This, coupled to the fact that nearly 40% of ultrasound scanners in resource-deprived countries are reportedly not fully functional, is an impediment to healthcare. It is also important to note that the cost of handheld/portable scanners is significantly lower than their counterparts. Moreover, cost of these devices will projected to become the biggest and foremost challenge for the growth of the market in the forecast period of 2023-2030.

This global handheld ultrasound imaging devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the handheld ultrasound imaging devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In February 2023, Shenzhen Mindray Bio-Medical Electronics Co., Ltd has launches new handheld ultrasound device which emphasized on quality imaging and a variety of features to promote efficient diagnosis. This results in expanding comprehensive imaging modes and dedicated products to examine accurate decision-making in application.

Global Handheld Ultrasound Imaging Devices Market Scope

The global handheld ultrasound imaging devices market is segmented on the basis of application area, type of transducer array, mode of imaging, type of software, connectivity provision, data management feature an end-users. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Application

• Cardiac
• Emergency Medicines
• Gynaecological Or Obstetrics
• Musculoskeletal
• Pulmonary
• Urological
• Vascular
• Other Application Areas

Type of Transducer Array

• Curved
• Endocavity
• Linear
• Phased
• Other Scanners

Mode of Imaging

• Brightness
• Color Doppler
• Motion
• Power Doppler
• Pulsed Wave
• Tissue Harmonic
• Others

Type of Software

• Smartphone Application
• Customized Software-based Scanners

Connectivity Provision

• Universal Serial Bus (USB)
• Cellular Or Wi-Fi
• Bluetooth

Data Management Feature

• Internal
• External
• Cloud Or Remote Monitoring

End-Users

• Ambulatory Surgical Centers
• Diagnostic Imaging Centers
• Hospitals
• Maternity Clinics
• Specialty Clinics
• Other End-Users

Global Handheld Ultrasound Imaging Devices Market Regional Analysis/Insights

The global handheld ultrasound imaging devices market is analysed and market size insights and trends are provided by country, application area, type of transducer array, mode of imaging, type of software, connectivity provision, data management feature and end-users.

The countries covered in the global handheld ultrasound imaging devices market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.  

North America dominates the global handheld ultrasound imaging devices market due to increase in the population and the growing of the elderly population within the region

Asia-Pacific is expected to grow at the highest growth rate in the global handheld ultrasound imaging devices market during the forecast period of 2023 to 2030 owing to the presence of supportive government initiatives in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Healthcare Infrastructure Growth Installed Base and New Technology Penetration

The global handheld ultrasound imaging devices market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for global handheld ultrasound imaging devices market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the global handheld ultrasound imaging devices market. The data is available for historic period 2015-2020.

Competitive Landscape and Global Handheld Ultrasound Imaging Devices Market Share Analysis

The global handheld ultrasound imaging devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global handheld ultrasound imaging devices market.

Some of the major players operating in the global handheld ultrasound imaging devices market are:

• General Electric Company (U.S.)
• Hitachi, Ltd. (Japan)
• Trivitron Healthcare ( India)
• Hologic Inc. (U.S.)
• Siemens (Germany)
• ESAOTE SPA (Italy)
• Alpinion Medical Systems Co., Ltd. (South Korea)
• FUJIFILM Corporation (Japan)
• FUKUDA DENSHI(Japan)
• Koninklijke Philips N.V. (Netherlands)
• EDAN Instruments, Inc. (China)
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China)