Global Portable Ultrasound Device Market 2023-2030

Global Portable Ultrasound Device Market 2023-2030

Global Portable Ultrasound Device Market Size, Share & Trends Analysis Report by Type (Mobile Ultrasound Device, and Handheld Ultrasound Device), by Application (Gynecology, Cardiovascular, Urology, Musculoskeletal, Anesthesiology, and Others), and by End User (Clinics, Diagnostic labs, Maternity Centers, and Ambulatory Surgical Centers), Forecast Period (2023-2030)

The global Portable Ultrasound Device market is anticipated to grow at a CAGR of 5.6% during the forecast period (2023–2030). The growth of the market is attributed to growing advancements in wireless technology across the globe. The incorporation of wireless technology with portable ultrasound devices makes it possible to exchange, save, and access data from a distance. The range of potential applications for such devices has increased as a result. Healthcare practitioners now have a wider opportunity to utilize devices as a result of the integration. Accordingly, market players are coming up with new products to cater to the demand for the first wireless handheld ultrasound system. For instance, in February 2023, Mindray launched its first wireless handheld ultrasound system, the TE Air. The system is wire-free, compact, and utilizes Mindray's eWave platform and single crystal technology. It additionally offers exam presets and imaging modes. The device charges in 35 minutes employing its air capsule, that additionally doubles as an accessory and a wireless portable charger.

Segmental Outlook

The global Portable Ultrasound Device market is segmented by type, application, and End-User. Based on type, the market is sub-segmented into mobile ultrasound devices and handheld ultrasound devices. Based on the application, the market is sub-segmented into gynecology, cardiovascular, urology, musculoskeletal, anesthesiology, and others. Further, on the basis of end user, the market is sub-segmented into hospitals, clinics, diagnostic labs, maternity centers, and ambulatory surgical centers. Among the end users, the diagnostic labs sub-segment is anticipated to hold a considerable share of the market owing to the rapid expansion of the research and development process and the installation of technologically advanced medical devices in medical diagnostic centers.

The Handheld Ultrasound Device Sub-Segment is Anticipated to Hold a Considerable Share of the Global Portable Ultrasound Device Market

Among the types, the Handheld Ultrasound Device sub-segment is expected to hold a considerable share of the global portable ultrasound device market. The segmental growth is attributed to the increasing adoption of advanced ultrasound for diagnostic purposes, and the use of handheld devices at point-of-care settings has been driving the growth of the portable ultrasound scanner industry. Furthermore, the emergence of compact and hand-held portable ultrasound devices as potential tools in the diagnosis of sports injuries owing to their ability to provide high-resolution imaging has also contributed to the industry's growth. For instance, in July 2023, Konica Minolta launched the handheld, wireless ultrasound device PocketPro H2 ultrasound for vascular access and needle guidance applications.

Regional Outlook

The global portable ultrasound device market is further segmented based on geography, including North America (the US and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and the Rest of Asia), and the Rest of the World (the Middle East and Africa, and Latin America). Among these, Asia-Pacific is anticipated to hold a prominent share of the market across the globe, owing to the high demand for medical treatment for chronic disorders and the healthcare infrastructure that is developing to meet this demand. In addition, the increasing elderly population in emerging countries probably have an impact on the market.

The North America Region is Expected to Grow at a Significant CAGR in the Global Portable Ultrasound Device Market

Among all regions, North America is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to Point-of-care diagnostics being in higher demand, and technological advancements have resulted in lower-cost, more connected devices. Primarily in regions where access to healthcare is limited, such appliances have the potential to increase accessibility to healthcare. Significant variables in prenatal care and monitoring include prenatal examination and gestational age estimation. For instance, in November 2022, according to the National Institute of Health (NIH), a total of 27 portable ultrasound models from 17 manufacturers were analyzed across all studies. 21 studies examined the use of portable ultrasound for evaluating fetal characteristics and estimating gestational age, 10 of which were formal validation studies. Six portable devices were validated against a conventional ultrasound comparator for the purpose of gestational age estimation. A total of 102 portable devices from 21 manufacturers were identified through web searches. These devices varied in terms of their connection to phones or computers.

Market Players Outlook

The major companies serving the portable ultrasound device market include ALPINION MEDICAL SYSTEMS Co., Ltd., EDAN, FUJIFILM SonoSite, Inc., Fukuda Denshi Co., Ltd., GE HealthCare Technologies Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in June 2023, UltraSight, a partnership with point-of-care ultrasound pioneer EchoNous to enhance access to cardiac care for patients by enabling more medical providers to do cardiac ultrasound.

The Report Covers

Market value data analysis of 2022 and forecast to 2030.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global portable ultrasound device market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.