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Global Portable Ultrasound System Market – Industry Trends and Forecast to 2031

Healthcare

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Global Portable Ultrasound System Market – Industry Trends and Forecast to 2031

  • Healthcare
  • Upcoming Report
  • Jul 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Portable Ultrasound System Market – Industry Trends and Forecast to 2031

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2023–2031
Diagram Market Size (Base Year) USD 2.67 USD Billion
Diagram Market Size (Forecast Year) USD 4.37 USD Billion
Diagram CAGR %

Major Markets Players

  • General Electric Company (U.S.)
  • Koninklijke Philips N.V. (Netherlands)
  • Siemens Healthcare Private Limited (Germany)
  • CANON MEDICAL SYSTEMS CORPORATION (Japan)
  • Shenzhen Mindray Bio-Medical Electronics Co. Ltd. (China)

Global Portable Ultrasound System Market, By Type of Device (Mobile Ultrasound Device and Hand-Held Ultrasound Device),  Application (Radiology, Cardiology, Obstetrics/ Gynaecology, Vascular Applications, Urological Applications, Orthopaedic and Musculoskeletal Applications and Others), Technology (Diagnostic Ultrasound and Therapeutic Ultrasound), Device Display (Colour Ultrasound and Black and White (B/W) Ultrasound), System Portability (Trolley/ Cart-Based Ultrasound Systems, Compact/ Handheld Ultrasound Systems and Point-of-Care (POC) Ultrasound Systems), End User (Hospitals, Diagnostic Centres, Ambulatory Care Centres, Maternity Centres, Surgical Centres and Others) – Industry Trends and Forecast to 2031.

Portable Ultrasound System Market

 

Portable Ultrasound System Market Analysis and Size

The portable ultrasound system market is experiencing robust growth globally, driven by several factors. The increasing prevalence of chronic diseases, such as cardiovascular disorders and cancer, is propelling the demand for portable ultrasound systems, as they offer a cost-effective and efficient imaging solution. In addition, technological advancements in portable ultrasound devices, such as the integration of artificial intelligence (AI) and advanced imaging technologies, are enhancing the diagnostic capabilities of these systems, further fueling market growth. Moreover, the rising preference for point-of-care diagnostics and the growing adoption of telemedicine and remote monitoring solutions are expanding the application of portable ultrasound systems across various medical specialties and settings. The market is also benefiting from the increasing awareness about the advantages of early diagnosis and the need for portable and easy-to-use imaging devices in resource-limited settings.

Global portable ultrasound system market size was valued at USD 2.67 billion in 2023 and is projected to reach USD 4.37 billion by 2031, with a CAGR of 6.36% during the forecast period of 2024 to 2031. 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.

Report Scope and Market Segmentation       

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016-2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type of Device (Mobile Ultrasound Device and Hand-Held Ultrasound Device),  Application (Radiology, Cardiology, Obstetrics/ Gynaecology, Vascular Applications, Urological Applications, Orthopaedic and Musculoskeletal Applications and Others), Technology (Diagnostic Ultrasound and Therapeutic Ultrasound), Device Display (Colour Ultrasound and Black and White (B/W) Ultrasound), System Portability (Trolley/ Cart-Based Ultrasound Systems, Compact/ Handheld Ultrasound Systems and Point-of-Care (POC) Ultrasound Systems), End User (Hospitals, Diagnostic Centres, Ambulatory Care Centres, Maternity Centres, Surgical Centres and Others)

Countries Covered

U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, Rest of South America

Market Players Covered

General Electric Company (U.S.), Koninklijke Philips N.V. (Netherlands), Siemens Healthcare Private Limited (Germany), CANON MEDICAL SYSTEMS CORPORATION (Japan), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China), FUJIFILM Sonosite, Inc. (U.S.), SAMSUNGHEALTHCARE (South Korea), Esaote SPA (Italy), Hitachi, Ltd. (Japan), TERASON DIVISION TERATECH CORPORATION (U.S.), BenQ Medical Technology (Taiwan), EchoNous, Inc. (U.S.), CHISON MEDICAL TECHNOLOGIES CO., LTD. (China), Franciscan Alliance (U.S.), Wuhan Zoncare Bio-medical Electronics Co., LTD. (China), SIUI (China), ALPINION MEDICAL SYSTEMS Co., Ltd. (South Korea), DRAMINSKI S. A. (Poland), Sino-Hero(Shenzhen)Bio-Medical Electronics Co.,Ltd. (China)

Market Opportunities

  • Integration of Artificial Intelligence 
  • Focus on Preventive Healthcare

Market Definition

A portable ultrasound system is a compact and lightweight medical imaging device that uses high-frequency sound waves to produce images of the inside of the body. These systems are designed to be easily moved from one location to another, making them ideal for use in various healthcare settings, including clinics, hospitals, and remote or underserved areas. Portable ultrasound systems are used for diagnostic purposes, such as imaging organs, tissues, and blood vessels, and can also be used for guided procedures, such as biopsies or injections.     

Portable Ultrasound System Market Dynamics

Drivers

  • Rising Chronic Disease Prevalence   

Portable ultrasound systems are crucial for early detection, monitoring, and management of these conditions, leading to improved patient outcomes. As healthcare providers strive to offer more efficient and effective care, the market for portable ultrasound systems is witnessing substantial growth, driven by the pressing need to address the rising burden of chronic diseases worldwide. The global increase in chronic diseases, particularly cardiovascular disorders and cancer, is propelling the demand for portable ultrasound systems.      

  • Growing Demand for Point-of-Care Diagnostics

The demand for point-of-care diagnostics is on the rise due to the need for immediate results and streamlined healthcare processes. Portable ultrasound systems play a pivotal role in point-of-care settings, offering real-time imaging that aids in rapid decision-making and treatment planning. The convenience and efficiency of portable ultrasound imaging system in various healthcare settings, such as emergency rooms, clinics, and ambulances, are driving their adoption and fueling market growth.

Opportunities

  • Integration of Artificial Intelligence     

The integration of artificial intelligence (AI) and machine learning algorithms in portable ultrasound systems is revolutionizing diagnostic capabilities. AI enhances image quality, provides more accurate interpretations, and assists in detecting subtle abnormalities that might be missed by human eyes. This integration not only improves diagnostic accuracy and efficiency but also reduces the dependency on highly skilled operators, expanding the utility of portable advanced ultrasound systems across various healthcare settings and specialties.      

  • Focus on Preventive Healthcare  

The shift towards preventive healthcare is creating a significant market opportunity for portable ultrasound systems. These systems are increasingly used for screening and monitoring purposes, enabling early detection of diseases and proactive management of health. As individuals and healthcare systems prioritize preventive measures to improve health outcomes and reduce healthcare costs, the demand for portable ultrasound systems is expected to grow steadily.

Restraints/Challenges

  • High Cost of Portable Ultrasound Systems    

The high cost of portable ultrasound systems poses a significant barrier to their widespread adoption, particularly in developing regions with limited healthcare budgets. The initial investment required for purchasing these systems, along with the costs of maintenance, training, and upgrades, can be prohibitive for many healthcare facilities. As a result, access to portable ultrasound technology is often restricted, hindering its potential impact on improving healthcare outcomes in underserved areas.               

  • Lack of Skilled Healthcare Professionals   

The effective use of portable ultrasound systems relies heavily on the skills and expertise of healthcare professionals operating the equipment. However, there is a shortage of trained personnel proficient in using portable ultrasound systems, especially in rural and remote areas. This shortage limits the adoption and utilization of portable ultrasound technology, as healthcare facilities may not have the necessary personnel to operate the equipment effectively.

This 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 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 Developments

  • In February 2023, Mindray Medical International Limited, a prominent player in the medical devices market, unveiled the TE Air, the first wireless handheld ultrasound system. The TE Air is designed to meet the needs of healthcare professionals worldwide, offering higher-quality portable ultrasound imaging that is easy to use across various medical environments. It provides crisp point-of-care ultrasound (POCUS) imaging
  • In January 2023, Fujifilm Corporation, a global technology company, introduced the Sonosite PX ultrasound system. This system represents the next generation in Sonosite's point-of-care ultrasound (POCUS) technology, offering advanced features and capabilities

Portable Ultrasound System Market Scope

The market is segmented on the basis of device, application, technology, device, device display, system portability, and end user. 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.

Type of Device

  • Mobile Ultrasound Device
  • Hand-Held Ultrasound Device

Application

  • Radiology
  • Cardiology
  • Obstetrics/Gynaecology
  • Vascular Applications
  • Urological Applications
  • Orthopaedic and Musculoskeletal Applications
  • Others

Technology

  • Diagnostic Ultrasound
  • Therapeutic Ultrasound

Device Display

  • Colour Ultrasound
  • Black and White (B/W) Ultrasound

System Portability

  • Trolley/Cart-Based Ultrasound Systems
  • Compact/Handheld Ultrasound Systems
  • Point-of-Care (POC) Ultrasound Systems

End User

  • Hospitals
  • Diagnostic Centres
  • Ambulatory Care Centres
  • Maternity Centres
  • Surgical Centres
  • Others

Portable Ultrasound System Market Regional Analysis/Insights

The market is analyzed and market size insights and trends are provided by country, device, application, technology, device, device display, system portability, and end user as referenced above.

The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.

North America is expected to dominate the market due to rapid advancements in the medical sector, increased allocation of funds for medical research, and ongoing developments. The presence of numerous market competitors and well-developed healthcare infrastructure further contribute to the growth of the regional market.

Asia-Pacific is expected to witness significant growth during the forecast period due to region witnessing improvements in healthcare infrastructure, rising disposable incomes, and increasing public awareness levels. These factors are contributing to a rise in the incidence of diseases.

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 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 market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the market. The data is available for historic period 2016-2021.

Competitive Landscape and Portable Ultrasound System Market Share Analysis

The 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 market.

Some of the major players operating in the market are:

  • General Electric Company (U.S.)
  • Koninklijke Philips N.V. (Netherlands)
  • Siemens Healthcare Private Limited (Germany)
  • CANON MEDICAL SYSTEMS CORPORATION (Japan)
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (China)
  • FUJIFILM Sonosite, Inc. (U.S.)
  • SAMSUNGHEALTHCARE (South Korea)
  • Esaote SPA (Italy)
  • Hitachi, Ltd. (Japan)
  • TERASON DIVISION TERATECH CORPORATION (U.S.)
  • BenQ Medical Technology (Taiwan)
  • EchoNous, Inc. (U.S.)
  • CHISON MEDICAL TECHNOLOGIES CO., LTD. (China)
  • Franciscan Alliance (U.S.)
  • Wuhan Zoncare Bio-medical Electronics Co., LTD. (China)
  • SIUI (China)
  • ALPINION MEDICAL SYSTEMS Co., Ltd. (South Korea)
  • DRAMINSKI S. A. (Poland)
  • Sino-Hero(Shenzhen)Bio-Medical Electronics Co.,Ltd. (China)


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FREQUENTLY ASK QUESTIONS

The Portable Ultrasound System Market Will be worth USD 4.37 billion by 2031
The Growth Rate of Portable Ultrasound System Market will be 6.36 % by 2031
The device, application, technology, device, device display, system portability, and end user are the factors on which the Portable Ultrasound System Market research is based on.
The major data pointers of the Portable Ultrasound System Market are down-stream and upstream value chain analysis, technical trends Porter's five forces analysis, and case studies.
The Rising Chronic Disease Prevalence & Growing Demand for Point-of-Care Diagnostics are the growth drivers of the Portable Ultrasound System Market.
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