Portable Ultrasound Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Portable Ultrasound Devices Market is segmented by Type of Device, Application, End-User (Hospitals, Diagnostic Centers, Ambulatory Care Centers, and Other End Users), and Geography

Market Snapshot

portable ultrasound devices market
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: North America
Largest Market: North America
CAGR: 5.1 %

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Market Overview

The major factors that are responsible for the growth of the portable ultrasound devices market includes the increasing spectrum of applications of the portable ultrasound, increasing advancements in technology, and the growing prevalence of chronic diseases.

The introduction of portable ultrasound devices has a variety of applications in many emerging fields, like emergency medicine, critical care medicine, and musculoskeletal. Portable ultrasound devices are used for easy access to ultrasound when limited space is there. Currently, these devices are being used in the major areas of diseases, such as cardiology, radiology endocrinology and gynecology. Since there is a rising need of ambulatory services across developing as well as developed countries, the demand for portable ultrasound devices is increasing, which is leading to the growth of the market.

Scope of the Report

As per the scope of the market, portable ultrasound devices are small systems compared to traditional ultrasound systems. These devices are lightweight and easy to handle.

By Type of Device
Mobile Ultrasound Device
Handheld Ultrasound Device
By Application
Gynecology
Cardiovascular
Urology
Musculoskeletal
Anesthesiology
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Mobile Ultrasound Devices is Expected to Grow with High CAGR Over the Forecast Period

The mobile ultrasound devices segment of the portable ultrasound devices market is expected to experience the fastest growth rate over the forecast period. Mobile ultrasound devices are gaining attraction in the developing regions, due to the rising demand for ambulatory care. Although developed countries, like the United States, have a well-established market for handheld ultrasound devices, there is also a rising demand for mobile ultrasound devices. Due to its efficacy in providing mobile care, the segment is expected to grow rapidly over the forecast period.

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North America Dominates the Market and Expected to Follow the Same Trend Over the Forecast Period

North America currently dominates the portable ultrasound devices market and is expected to continue its stronghold for a few more years. This can be majorly attributed due to advanced health infrastructure, increasing prevalence of diseases and infections, growing emphasis on the development of innovative products, and rising number of regional companies manufacturing portable ultrasound devices. 

Asia Pacific region is also expected to grow at the high CAGR on account of improving health care infrastructure, rising disposable incomes, public growing awareness levels.

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Competitive Landscape

The portable ultrasound devices market is moderately competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. With the rising need of mobile health and the advancements in ultrasonography, few smaller players are entering the market and holding a substantial share. Some of the major players of the market are Fukuda Denshi, Hitachi Ltd, Koninklijke Philips NV, Canon Medical Systems Corporation, and Siemens Healthineers, among others.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Spectrum of Applications of Portable Ultrasound

      2. 4.2.2 Rising Advancements in Technology

      3. 4.2.3 Increasing Prevalence of Chronic Diseases

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of Portable Ultrasound Systems

      2. 4.3.2 Lack of Dedicated Training Programs by Companies

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type of Device

      1. 5.1.1 Mobile Ultrasound Device

      2. 5.1.2 Handheld Ultrasound Device

    2. 5.2 By Application

      1. 5.2.1 Gynecology

      2. 5.2.2 Cardiovascular

      3. 5.2.3 Urology

      4. 5.2.4 Musculoskeletal

      5. 5.2.5 Anesthesiology

      6. 5.2.6 Others

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East & Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East & Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Fujifilm SonoSite Inc.

      2. 6.1.2 GE Healthcare

      3. 6.1.3 Hitachi Ltd

      4. 6.1.4 Shenzhen Mindray

      5. 6.1.5 Canon Medical Systems Corporation

      6. 6.1.6 Koninklijke Philips NV

      7. 6.1.7 Samsung Healthcare

      8. 6.1.8 Siemens Healthineers

      9. 6.1.9 Fukuda Denshi Co. Ltd

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape Covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Portable Ultrasound Devices Market market is studied from 2018 - 2026.

The Portable Ultrasound Devices Market is growing at a CAGR of 5.1% over the next 5 years.

North America is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Hitachi Ltd, Koninklijke Philips NV, Canon Medical Systems Corporation, Siemens Healthineers, Fukuda Denshi are the major companies operating in Portable Ultrasound Devices Market.

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