Handheld Ultrasound Devices Market by Technology (2D Ultrasound, 3D & 4D Ultrasound, Doppler Ultrasound), Portability (Wired, Wireless), Application, End-User - Global Forecast 2024-2030

Handheld Ultrasound Devices Market by Technology (2D Ultrasound, 3D & 4D Ultrasound, Doppler Ultrasound), Portability (Wired, Wireless), Application, End-User - Global Forecast 2024-2030


The Handheld Ultrasound Devices Market size was estimated at USD 1.00 billion in 2023 and expected to reach USD 1.08 billion in 2024, at a CAGR 7.48% to reach USD 1.67 billion by 2030.

Handheld ultrasound devices are compact, portable medical tools that use high-frequency sound waves to create visual images of the inside of the body. These devices are significantly smaller than traditional ultrasound machines, making them highly portable and easy to use in various settings, including clinics, emergency rooms, and field medical units. The major factors that contribute to the expanding use of these devices include their portability and affordability. The growing need for rapid diagnostics in point-of-care settings is further driving the need for handheld ultrasound devices. High cost of development and accuracy issues with handheld ultrasound devices hampers the market growth. Rising advancements in technologies that improve the image quality and battery life of handheld ultrasound devices, making them more appealing to healthcare providers are expected to create opportunities for market growth. The continued miniaturization of technology and integration with artificial intelligence for automatic image interpretation is expected to broaden the application fields and user base of these devices.

Regional Insights

In the Americas, the handheld ultrasound device market is highly developed due to the well-established healthcare infrastructure and the high adoption of new technologies. There is a significant focus on point-of-care medical services, which fuels the demand for handheld ultrasound devices. These devices are widely used in emergency medicine, outpatient care, and by general practitioners. The Asia-Pacific region is experiencing rapid growth in the handheld ultrasound device market, primarily driven by increasing healthcare expenditures and rising awareness about the benefits of portable diagnostic solutions in countries including, China, Japan, and Australia. This region also benefits from improvements in healthcare infrastructure and growing populations. Europe is a strong market for handheld ultrasound devices, characterized by high healthcare standards and extensive adoption of advanced medical technologies. Western European countries, in particular, demonstrate significant market presence due to their well-developed healthcare systems. The Middle East and Africa are emerging markets where growth is expected to be driven by improving healthcare facilities, economic development, and an increasing number of medical professionals.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Handheld Ultrasound Devices Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers

Prevalence of chronic diseases and the need for enhanced diagnostic solutions
Rising demand for point-of-care ultrasound solutions

Market Restraints

High cost of production of handheld ultrasound devices

Market Opportunities

Integration of advanced technologies in next-generation handheld ultrasound devices
Expanding the application of handheld ultrasound devices in sports medicine and rheumatology

Market Challenges

Technical and accuracy issues with handheld ultrasound devices

Market Segmentation Analysis

Technology: Growing usage of 3D & 4D ultrasound that offer deeper insights and clearer visualization of anatomical structures
End-User: High potential for handheld ultrasound devices in hospitals for regular monitoring without the need to move patients

Market Disruption Analysis

Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Handheld Ultrasound Devices Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Handheld Ultrasound Devices Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Introduction of Butterfly iQ3, Advancing Point-of-Care Ultrasound with Innovative Technologies

Butterfly Network has launched the Butterfly iQ3, marking the third generation of its point-of-care ultrasound (POCUS) system in the United States. Approved by the FDA, the Butterfly iQ3 integrates the cutting-edge P4.3 ultrasound-on-chip technology, which boasts the highest digital data transfer rate globally. This new model provides superior image quality with doubled processing power compared to its predecessor, the Butterfly iQ+.

Mindray Revolutionizing Point-of-Care Diagnostics with Wireless Handheld Ultrasound Technology

Mindray has unveiled the TE Air Wireless Handheld Ultrasound, a pioneering portable device designed to enhance ultrasound access across various medical settings. This innovative device stands out as the first handheld ultrasound capable of connecting directly with mobile devices and the touch-based TE X Ultrasound System, thereby broadening its application significantly.

GE HealthCare Launches Vscan Air SL: Innovations in Handheld Ultrasound for Enhanced Point-of-Care Diagnostics

GE HealthCare has introduced its newest product, the Vscan Air SL, a handheld, wireless ultrasound device optimized for swift cardiac and vascular evaluations directly at the point of care. This addition to the Vscan family incorporates advanced technologies such as SignalMax and XDclear, ensuring superior imaging with high penetration, resolution, and sensitivity through its industry-leading single-crystal transducer technology.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Handheld Ultrasound Devices Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Handheld Ultrasound Devices Market, highlighting leading vendors and their innovative profiles. These include Aco Healthcare Co., Ltd., Alpinion Medical Systems Co., Ltd. by ILJIN Holdings Co.,Ltd., ASUSTeK Computer Inc., Becton, Dickinson and Company, BMV Medtech Group Co., Ltd., Butterfly Network Inc., Chengdu Huisheng Technology Co., Ltd., CHISON Medical Technologies Co., Ltd., Clarius Mobile Health Corp., Dawei Medical, DGH Technology Inc., Dramiński SA, EchoNous Inc., Esaote SpA, FUJIFILM Sonosite, Inc., GE HealthCare Technologies, Inc., Healcerion Co., Ltd., Interson Corporation, Konica Minolta, Inc., Leltek Inc., Mindray Medical International Limited, Promed Technology Co., limited, Royal Philips, Samsung Medison Co., Ltd., SHENNONA Co., Ltd., Shenzhen Landwind Industry Co., Ltd, Siemens AG, SIFSOF LLC, Socionext Inc., Sonoscanner SARL, SonoStar, Swissray Global, Telemed Medical Systems Srl, Terason by Teratech Corporation, VINNO Technology Co., Ltd., Wuhan Youkey Bio-Medical Electronics Co., Ltd., and Xuzhou RuishengChaoying Electronic Technology Co., Ltd..

Market Segmentation & Coverage

This research report categorizes the Handheld Ultrasound Devices Market to forecast the revenues and analyze trends in each of the following sub-markets:

Technology
2D Ultrasound
3D & 4D Ultrasound
Doppler Ultrasound
Portability
Wired
Wireless
Application
Cardiac Imaging
Musculoskeletal Imaging
Obstetrics & Gynecology
End-User
Ambulatory Surgical Centers
Clinics
Hospitals
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom

Please Note: PDF & Excel + Online Access - 1 Year


1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Prevalence of chronic diseases and the need for enhanced diagnostic solutions
5.1.1.2. Rising demand for point-of-care ultrasound solutions
5.1.2. Restraints
5.1.2.1. High cost of production of handheld ultrasound devices
5.1.3. Opportunities
5.1.3.1. Integration of advanced technologies in next-generation handheld ultrasound devices
5.1.3.2. Expanding the application of handheld ultrasound devices in sports medicine and rheumatology
5.1.4. Challenges
5.1.4.1. Technical and accuracy issues with handheld ultrasound devices
5.2. Market Segmentation Analysis
5.2.1. Technology: Growing usage of 3D & 4D ultrasound that offer deeper insights and clearer visualization of anatomical structures
5.2.2. End-User: High potential for handheld ultrasound devices in hospitals for regular monitoring without the need to move patients
5.3. Market Disruption Analysis
5.4. Porter’s Five Forces Analysis
5.4.1. Threat of New Entrants
5.4.2. Threat of Substitutes
5.4.3. Bargaining Power of Customers
5.4.4. Bargaining Power of Suppliers
5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis
6. Handheld Ultrasound Devices Market, by Technology
6.1. Introduction
6.2. 2D Ultrasound
6.3. 3D & 4D Ultrasound
6.4. Doppler Ultrasound
7. Handheld Ultrasound Devices Market, by Portability
7.1. Introduction
7.2. Wired
7.3. Wireless
8. Handheld Ultrasound Devices Market, by Application
8.1. Introduction
8.2. Cardiac Imaging
8.3. Musculoskeletal Imaging
8.4. Obstetrics & Gynecology
9. Handheld Ultrasound Devices Market, by End-User
9.1. Introduction
9.2. Ambulatory Surgical Centers
9.3. Clinics
9.4. Hospitals
10. Americas Handheld Ultrasound Devices Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Handheld Ultrasound Devices Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Handheld Ultrasound Devices Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
13.3.1. Introduction of Butterfly iQ3, Advancing Point-of-Care Ultrasound with Innovative Technologies
13.3.2. Mindray Revolutionizing Point-of-Care Diagnostics with Wireless Handheld Ultrasound Technology
13.3.3. GE HealthCare Launches Vscan Air SL: Innovations in Handheld Ultrasound for Enhanced Point-of-Care Diagnostics
13.4. Strategy Analysis & Recommendation
14. Competitive Portfolio
14.1. Key Company Profiles
14.2. Key Product Portfolio

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