Portable Ultrasound Devices Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI3923
Portable Ultrasound Devices Market size is projected to experience significant growth from 2019 to 2025.
Rising number of people suffering from chronic conditions such as bone disorders, muscle injuries, spondylitis will act as a major driver for growth of the portable ultrasound devices market. These conditions majorly occur due to accidents and sedentary lifestyle. Early detection becomes a critical factor as these diseases may destruct the skeleton structure of the body, thereby escalating the industry growth.
Expanding geriatric population base has elevated the prevalence rate of osteoporosis disease caused due to weakening of bones. Weakening of bones resulting from deficiency of vitamin D and other issues in the old age will act as a significant driver for market growth. Technological advancements in ultrasound devices and growing healthcare expenditure will have positive impact on the adoption rate of these devices. The ease of operating the portable ultrasound devices should further support the industry growth.
High cost associated with portable ultrasound devices will hinder industry expansion to certain extent. Portable devices are produced using high-end technology increasing the overall cost of the device will negatively affect the adoption rate of these devices especially in developing and under-developed economies.
Mobile ultrasound devices market will witness robust growth during the forecast period owing to growing demand for ambulatory care. Increasing demand and effectiveness of these devices in providing mobile care will further propel the segmental growth over the coming years. Application of portable ultrasound devices in various fields including critical care medicine, radiology, musculoskeletal, gynecology, cardiology and endocrinology will stimulate the business growth during the analysis period.
Hospitals accounted for largest revenue share in 2018 and is projected to witness similar trend during the forecast timeframe due to presence of high-end equipment and highly skilled healthcare professionals in this healthcare setting. High financial capacity of hospitals will further add to segmental growth. Growing preference for outpatient surgery will drive ambulatory surgical centers end-use segment over the projected timeframe.
Germany dominated Europe portable ultrasound devices market in 2018. Technological advancements has supported the automation in medical devices market. High technological adoption coupled with growing demand for portable devices will drive Germany portable ultrasound devices market over the coming years.
Japan will lead the portable ultrasound devices market in Asia Pacific region. Japan being technologically advanced nation has positively affected the demand for ultrasound devices. Increasing geriatric population base, growing demand for superior quality products and easy operative nature of portable ultrasound devices will boost the Japan industry growth.
Some of the key industry players include Canon Medical Systems, Fukuda Denshi, GE Healthcare, Hitachi, Samsung Medical, Siemens Healthcare, Shenzhen Mindray. The industry players are undertaking various strategic initiatives to maintain their market position and sustain the competition in the industry.
Portable Ultrasound Devices Market, by Device Type, 2014-2025 (USD Million)
- Mobile ultrasound device
- Hand-held ultrasound device
Portable Ultrasound Devices Market, by Application, 2014-2025 (USD Million)
Portable Ultrasound Devices Market, by Emerging Areas, 2014-2025 (USD Million)
- Emergency medicine
- Critical care medicine
Portable Ultrasound Devices Market, by End-Use, 2014-2025 (USD Million)
- Diagnostic centers
- Ambulatory care centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Canon Medical Systems Corporation
- Fujifilm SonoSite, Inc.
- Fukuda Denshi
- GE Healthcare
- Hitachi Ltd
- Philips Healthcare
- Samsung Medical
- Shenzhen Mindray
- Siemens Healthcare
- Clarius Mobile Health
- Esaote SpA
- FUJIFILM SonoSite
- Mindray Medical International Limited
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