Portable Ultrasound Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Portable Ultrasound Market
The portable ultrasound market size was valued at USD 1,801.5 million in 2019, and the market is now projected to grow from USD 1,810.9 million in 2020 to USD 3,897.0 million in 2026, exhibiting a CAGR of 13.6% during the forecast period of 2020-2026.
The outbreak of COVID-19 affected sales of medical devices and restricted the portable ultrasound market growth because of the shutdown and procedure cancellations. Some of the major disruptions in healthcare reduced within-hospital care attendance while probably cutting on several tests including ultrasound scans. High operating costs limiting product usage, global supply chain disruptions and the migration of manufacturing to critical tools also negatively impacted the market. Nonetheless, the specifically designed portable ultrasound systems have been used for diagnosing COVID-19 sometimes which led to slightly positive results. In general, due to the pandemic, the global market experienced a reduction in sales and growth.
The emergency department's worldwide use of portable ultrasound is the key factor in the portable ultrasound market share. These systems offer real-time, image information that does not necessitate intervention in the body and therefore are useful in critical medical situations. It enhances patient care in emergency centers and drives market growth due to its sensitivity and speed. Businesses are thus shifting towards the portability of imaging systems to satisfy the expanding need. This trend is also assumed to contribute towards the growth of the market during the forecast period.
Additionally, the integration of advanced technologies, such as artificial intelligence (AI), into portable ultrasound systems is a key trend driving the global market. AI and ultrasound-based quantification enhance diagnostic accuracy and speed, leading to increased adoption by medical professionals. These systems enable quick, accurate diagnoses across various medical applications, boosting sales. The introduction of handheld ultrasound devices is expanding their use in new medical areas. This trend is expected to drive market growth in the future significantly.
Comprehensive Analysis of Portable Ultrasound Market
The portable ultrasound market and healthcare industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the healthcare industry. These segmentations are methodically segregated by types and by end-users. The type includes, Built-in-console and Touchscreen. The end-user includes, Hospitals and Clinics.
The market size in North America was USD 733.5 million in 2019. The region is expected to dominate in the forecast period and become the largest market. The reason for the high portion of portable ultrasound is that customer has a better take-up rate on the more technologically advanced portable ultrasound. Others are that medical imaging is now and will be in the future due to concerns about the rising cases of severe illnesses such as cancer in individuals.
The top players in the market play a crucial role in the healthcare industry assuring industrial prospectus growth and setting market standards. These players include, GE Healthcare (Chicago, U.S.), Koninklijke Philips N.V. (Amsterdam, The Netherlands), FUJIFILM Sonosite, Inc. (Bothell, U.S.), ALPINION MEDICAL SYSTEMS Co., Ltd. (Seoul, South Korea), Hitachi Ltd. (Tokyo, Japan), Shenzhen Mindray Bio-Medical Electronics Co., Ltd. (Shenzhen, China), EDAN Instruments (Shenzhen, China), Terason Corporation (Burlington, U.S.), CHISON Medical Technologies (Jiangsu, China), Healcerion (Seoul, South Korea), Butterfly Network, Inc. (Guilford, U.S.), Bard Access Systems Inc. (Becton, Dickinson and Company) (Salt Lake City, U.S.), Teknova Medical Systems Co., Ltd. (Beijing, China), Advanced Instrumentations (Miami, Florida), DRE Medical (Kentucky, U.S.), DRAMIŃSKI S. A. (Olsztyn, Poland), Landwind Medical (Shenzhen, China), Shenzhen AnaSonic Bio-Medical Technology Co., Ltd. (University Town of Shenzhen, China), Accutome Inc. (Philadelphia, U.S.), Zimmer MedizinSysteme GmbH (Neu-Ulm, Germany) and Other Players. These market players provide a level-playing competitive landscape.
In March 2021, G.E. Healthcare, a global medical technology and digital healthcare solutions company based in Singapore, recently published details of Vscan Air, a wireless compact ultrasound with unmatched resolution images and whole-body scans.
Segmentation Table
Global Portable Ultrasound Market Scope
Study Period 2015-2026
Base Year 2019
Forecast Period 2020-2026
Growth Rate CAGR of 13.6% from 2020 to 2026
Historical Period 2016-2018
Unit Value (USD billion)
Segmentation By Type, End User, and Geography
By Type
Built-in-console
Touchscreen
By End User
Hospitals
Clinics
By Geography
North America
By Type
By End User
By Country
Europe
By Type
By End User
By Country/ Sub-Region
Asia Pacific
By Type
By End User
By Country/ Sub-Region
Latin America
By Type
By End User
By Country/ Sub-Region
Middle East & Africa
By Type
By End User
By Country/ Sub-Region
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Sales Channels Analysis
- 4.2. Key Mergers, Acquisitions, Partnerships, etc.
- 4.3. Covid-19 Impact on the Market
- 5. Global Portable Ultrasound Market Analysis, Insights and Forecast, 2015-2026
- 5.1. Key Findings / Summary
- 5.2. Market Revenue (USD million) and Volume (Units) Analysis, Insights and Forecast – By Type
- 5.2.1. Built-in-console
- 5.2.2. Touchscreen
- 5.3. Market Revenue (USD million) and Volume (Units) Analysis, Insights and Forecast – By End User
- 5.3.1. Hospitals
- 5.3.2. Clinics
- 5.4. Market Revenue (USD million) and Volume (Units) Analysis, Insights and Forecast – By Region
- 5.4.1. North America
- 5.4.2. Europe
- 5.4.3. Asia Pacific
- 5.4.4. Latin America
- 5.4.5. Middle East & Africa
- 6. North America Portable Ultrasound Market Analysis, Insights and Forecast, 2015-2026
- 6.1. Key Findings / Summary
- 6.2. Market Revenue (USD million) and Volume (Units) Analysis, Insights and Forecast – By Type
- 6.2.1. Built-in-console
- 6.2.2. Touchscreen
- 6.3. Market Revenue (USD million) and Volume (Units) Analysis, Insights and Forecast – By End User
- 6.3.1. Hospitals
- 6.3.2. Clinics
- 6.4. Market Revenue (USD million) and Volume (Units) Analysis, Insights and Forecast – By Country
- 6.4.1. U.S.
- 6.4.2. Canada
- 7. Europe Portable Ultrasound Market Analysis, Insights and Forecast, 2015-2026
- 7.1. Key Findings / Summary
- 7.2. Market Revenue (USD million) and Volume (Units) Analysis, Insights and Forecast – By Type
- 7.2.1. Built-in-console
- 7.2.2. Touchscreen
- 7.3. Market Revenue (USD million) and Volume (Units) Analysis, Insights and Forecast – By End User
- 7.3.1. Hospitals
- 7.3.2. Clinics
- 7.4. Market Revenue (USD million) and Volume (Units) Analysis, Insights and Forecast – By Country
- 7.4.1. U.K.
- 7.4.2. Germany
- 7.4.3. France
- 7.4.4. Spain
- 7.4.5. Italy
- 7.4.6. Scandinavia
- 7.4.7. Rest of Europe
- 8. Asia Pacific Portable Ultrasound Market Analysis, Insights and Forecast, 2015-2026
- 8.1. Key Findings / Summary
- 8.2. Market Revenue (USD million) and Volume (Units) Analysis, Insights and Forecast – By Type
- 8.2.1. Built-in-console
- 8.2.2. Touchscreen
- 8.3. Market Revenue (USD million) and Volume (Units) Analysis, Insights and Forecast – By End User
- 8.3.1. Hospitals
- 8.3.2. Clinics
- 8.4. Market Revenue (USD million) and Volume (Units) Analysis, Insights and Forecast – By Country
- 8.4.1. Japan
- 8.4.2. China
- 8.4.3. India
- 8.4.4. Indonesia
- 8.4.5. Australia
- 8.4.6. South Korea
- 8.4.7. Taiwan
- 8.4.8. Malaysia
- 8.4.9. Thailand
- 8.4.10. Rest of Asia Pacific
- 9. Latin America Portable Ultrasound Market Analysis, Insights and Forecast, 2015-2026
- 9.1. Key Findings / Summary
- 9.2. Market Revenue (USD million) and Volume (Units) Analysis, Insights and Forecast – By Type
- 9.2.1. Built-in-console
- 9.2.2. Touchscreen
- 9.3. Market Revenue (USD million) and Volume (Units) Analysis, Insights and Forecast – By End User
- 9.3.1. Hospitals
- 9.3.2. Clinics
- 9.4. Market Revenue (USD million) and Volume (Units) Analysis, Insights and Forecast – By Country
- 9.4.1. Brazil
- 9.4.2. Mexico
- 9.4.3. Argentina
- 9.4.4. Colombia
- 9.4.5. Rest of Latin America
- 10. Middle East & Africa Portable Ultrasound Market Analysis, Insights and Forecast, 2015-2026
- 10.1. Key Findings / Summary
- 10.2. Market Revenue (USD million) and Volume (Units) Analysis, Insights and Forecast – By Type
- 10.2.1. Built-in-console
- 10.2.2. Touchscreen
- 10.3. Market Revenue (USD million) and Volume (Units) Analysis, Insights and Forecast – By End User
- 10.3.1. Hospitals
- 10.3.2. Clinics
- 10.4. Market Revenue (USD million) and Volume (Units) Analysis, Insights and Forecast – By Country
- 10.4.1. Turkey
- 10.4.2. Saudi Arabia
- 10.4.3. UAE
- 10.4.4. Rest of Middle East & Africa
- 11. Competitive Analysis
- 11.1. Key Industry Developments
- 11.2. Global Market Share Analysis (2019)
- 11.3. Company Profiles (Overview, Products, Recent developments, Financials (based on availability))
- 11.3.1. GE Healthcare
- 11.3.1.1. Overview,
- 11.3.1.2. Products,
- 11.3.1.3. Recent developments,
- 11.3.1.4. Financials (based on availability)
- 11.3.2. Koninklijke Philips N.V.
- 11.3.2.1. Overview,
- 11.3.2.2. Products,
- 11.3.2.3. Recent developments,
- 11.3.2.4. Financials (based on availability)
- 11.3.3. Hitachi Ltd.
- 11.3.3.1. Overview,
- 11.3.3.2. Products,
- 11.3.3.3. Recent developments,
- 11.3.3.4. Financials (based on availability)
- 11.3.4. Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- 11.3.4.1. Overview,
- 11.3.4.2. Products,
- 11.3.4.3. Recent developments,
- 11.3.4.4. Financials (based on availability)
- 11.3.5. FUJIFILM Sonosite, Inc.
- 11.3.5.1. Overview,
- 11.3.5.2. Products,
- 11.3.5.3. Recent developments,
- 11.3.5.4. Financials (based on availability)
- 11.3.6. Butterfly Network, Inc.
- 11.3.6.1. Overview,
- 11.3.6.2. Products,
- 11.3.6.3. Recent developments,
- 11.3.6.4. Financials (based on availability)
- 11.3.7. BARD Access Systems
- 11.3.7.1. Overview,
- 11.3.7.2. Products,
- 11.3.7.3. Recent developments,
- 11.3.7.4. Financials (based on availability)
- 11.3.8. Accutome
- 11.3.8.1. Overview,
- 11.3.8.2. Products,
- 11.3.8.3. Recent developments,
- 11.3.8.4. Financials (based on availability)
- 11.3.9. Terason Corporation
- 11.3.9.1. Overview,
- 11.3.9.2. Products,
- 11.3.9.3. Recent developments,
- 11.3.9.4. Financials (based on availability)
- 11.3.10. Zimmer MedizinSysteme GmbH
- 11.3.10.1. Overview,
- 11.3.10.2. Products,
- 11.3.10.3. Recent developments,
- 11.3.10.4. Financials (based on availability)
- 11.3.11. Advanced Instrumentations
- 11.3.11.1. Overview,
- 11.3.11.2. Products,
- 11.3.11.3. Recent developments,
- 11.3.11.4. Financials (based on availability)
- 11.3.12. DRE Medical
- 11.3.12.1. Overview,
- 11.3.12.2. Products,
- 11.3.12.3. Recent developments,
- 11.3.12.4. Financials (based on availability)
- 11.3.13. CHISON Medical Technologies
- 11.3.13.1. Overview,
- 11.3.13.2. Products,
- 11.3.13.3. Recent developments,
- 11.3.13.4. Financials (based on availability)
- 11.3.14. DRAMINSKI
- 11.3.14.1. Overview,
- 11.3.14.2. Products,
- 11.3.14.3. Recent developments,
- 11.3.14.4. Financials (based on availability)
- 11.3.15. Healcerion
- 11.3.15.1. Overview,
- 11.3.15.2. Products,
- 11.3.15.3. Recent developments,
- 11.3.15.4. Financials (based on availability)
- 11.3.16. Teknova Medical Systems
- 11.3.16.1. Overview,
- 11.3.16.2. Products,
- 11.3.16.3. Recent developments,
- 11.3.16.4. Financials (based on availability)
- 11.3.17. Alpinion Medical Systems
- 11.3.17.1. Overview,
- 11.3.17.2. Products,
- 11.3.17.3. Recent developments,
- 11.3.17.4. Financials (based on availability)
- 11.3.18. EDAN Instruments
- 11.3.18.1. Overview,
- 11.3.18.2. Products,
- 11.3.18.3. Recent developments,
- 11.3.18.4. Financials (based on availability)
- 11.3.19. Landwind Medical
- 11.3.19.1. Overview,
- 11.3.19.2. Products,
- 11.3.19.3. Recent developments,
- 11.3.19.4. Financials (based on availability)
- 11.3.20. AnaSonic
- 11.3.20.1. Overview,
- 11.3.20.2. Products,
- 11.3.20.3. Recent developments,
- 11.3.20.4. Financials (based on availability)
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