Handheld Ultrasound Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

Handheld Ultrasound Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2030

The report on the global handheld ultrasound market provides qualitative and quantitative analysis for the period from 2021-2030. The revenue generated by the market was USD 536.62 Million in 2022 and is expected to reach USD 1019.12 Million in 2030, with a CAGR of 8.65% till 2030 during the projected period. The study on handheld ultrasound market covers the analysis of the leading geographies such as North America, Europe, Asia Pacific, and RoW for the period of 2021-2030.

Increasing demand for portable and point-of-care imaging solutions in medical emergencies drives the handheld ultrasound market and the rising prevalence of chronic disease cases also boosts the demand for the handheld Ultrasound market. According to World Health Organisation, Non-communicable diseases (NCDs) kill 41 million people each year, equivalent to 74% of all deaths globally. Each year, 17 million people die from an NCD before age 70; 86% of these premature deaths occur in low- and middle-income countries”. As the Point-of-Care Imaging Solution is effective for medical professionals to enable quick patient-care decisions in emergency medical the demand for Handheld Point-of-Care Ultrasound Devices is rapidly rising.

The global handheld ultrasound market is bifurcated By Type, By Application, By Technology, and By End-use. By Type, the segment is further bifurcated into Portable Handheld Ultrasound, Wireless Handheld Ultrasound. The portable handheld ultrasound segment is anticipated to grow at a faster rate during the forecast period. Portable ultrasound systems have made ultrasound technology practical for settings where space and budget are limited, as well as when mobility is crucial, as when ultrasound scans must be done to evaluate patients in the field by emergency medical personnel. The imaging created by portable ultrasound machines can be used to diagnose pain, swelling, and infection inside the body. The segment is attributed to the various advantages such as accurate diagnoses, user–friendly control, point–of–care accessibility, improved image quality, and others. The top key players in the market such as Siemens, Meditech Equipment Co, Ltd., and others manufacture Portable handheld ultrasound devices.

The global handheld ultrasound market is segmented into the Asia Pacific, North America, Europe, the Middle East & Africa, and South America. North America is predicted to be the fastest-growing region within the global market share. The market is primarily driven by the escalating usage of diagnostic imaging and the rapid pace of technological advancement. The growth of the market is being fuelled by the rising prevalence of chronic diseases in North American nations like the United States, and Canada. According to the Centres for disease control and Prevention,” Six in ten Americans live with at least one chronic disease, like heart disease and stroke, cancer, or diabetes. These and other chronic diseases are the leading causes of death and disability in America, and they are also a leading driver of health care costs”.

Report Findings

1) Drivers

Increasing prevalence of chronic diseases propels the market growth of the handheld ultrasound market.

Increasing demand for portable and point-of-care imaging solutions in medical emergencies drives the handheld ultrasound market.

2) Restraints

High cost of handheld ultrasound systems limits the market growth.

3) Opportunities

Technological advancements in ultrasound imaging propels the market growth of handheld ultrasound market.

Research Methodology

A) Primary Research

Our primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include

1. Key Opinion Leaders associated with Infinium Global Research

2. Internal and External subject matter experts

3. Professionals and participants from the industry

Our primary research respondents typically include

1. Executives working with leading companies in the market under review

2. Product/brand/marketing managers

3. CXO level executives

4. Regional/zonal/ country managers

5. Vice President level executives.

B) Secondary Research

Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. At Infinium Global Research, each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include

1. Company reports and publications

2. Government/institutional publications

3. Trade and associations journals

4. Databases such as WTO, OECD, World Bank, and among others.

5. Websites and publications by research agencies

Segment Covered

The global handheld ultrasound market is segmented on the basis of type, application, technology, and end-use.

The Global Handheld Ultrasound Market by Type

Portable Handheld Ultrasound

Wireless Handheld Ultrasound

The Global Handheld Ultrasound Market by Application

Obstetrics/Gynecology

Cardiovascular

Urology

Musculoskeletal

Others

The Global Handheld Ultrasound Market by Technology

2D Ultrasound

3D & 4D Ultrasound

Doppler Ultrasound

The Global Handheld Ultrasound Market by End-use

Hospitals & Clinics

Home Care

Others

Company Profiles

The companies covered in the report include

General Electric

Siemens

Koninklijke Philips N.V.

SAMSUNGHEALTHCARE.COM

FUJIFILM Holdings Corporation

Shenzhen Mindray Bio-Medical Electronics Co., Ltd

Canon Inc.

BenQ Corporation

Zimmer MedizinSysteme GmbH

TERASON DIVISION TERATECH CORPORATION

What does this Report Deliver?

1. Comprehensive analysis of the global as well as regional markets of the handheld ultrasound market.

2. Complete coverage of all the segments in the handheld ultrasound market to analyze the trends, developments in the global market and forecast of market size up to 2030.

3. Comprehensive analysis of the companies operating in the global handheld ultrasound market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.

4. IGR- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.