Dublin, April 07, 2022 (GLOBE NEWSWIRE) -- The "Portable Ultrasound Equipment - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Portable Ultrasound Equipment Market to Reach $2.5 Billion by 2026
The global market for Portable Ultrasound Equipment estimated at US$1.7 Billion in the year 2020, is projected to reach a revised size of US$2.5 Billion by 2026, growing at a CAGR of 6.3% over the analysis period.
Portable ultrasound devices are proving to be extremely useful in applications where space is the constraint and also where mobility of devices is required for example if scanning is required to be carried out on the field. Increasing number of application areas, growing prevalence of diseases, and growing technological advancements are the key factors fostering growth in the global market.
Portable ultrasound devices are increasingly used in various areas such as musculoskeletal, critical care medicine, and emergency medicine. Adoption of these devices has grown considerably on account of rising number of minimally invasive procedures and for prenatal and antenatal care of mothers who lack access to big healthcare facilities.
They are also finding widespread use in urinary bladder dysfunction, abdominal evaluations, gallbladder visualization, DVT surveillance, and vascular access. Increasing AI integration in ultrasound devices, which provide the units with better diagnostics capability is another major factor promoting growth.
Cart/Trolley-Based, one of the segments analyzed in the report, is projected to grow at a 6.4% CAGR to reach US$2.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Handheld segment is readjusted to a revised 4.8% CAGR for the next 7-year period.
This segment currently accounts for a 8.1% share of the global Portable Ultrasound Equipment market. Cardiologists, intensivists, and emergency medicine physicians have been some of the initial users of handheld ultrasound systems. Over the years, supported by the integration of advanced features, the devices gained acceptance among anesthesia, procedural ultrasound, and other specialists.
The U.S. Market is Estimated at $590.9 Million in 2021, While China is Forecast to Reach $257.5 Million by 2026
The Portable Ultrasound Equipment market in the U.S. is estimated at US$590.9 Million in the year 2021. The country currently accounts for a 32.52% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$257.5 Million in the year 2026 trailing a CAGR of 8% through the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.4% and 5.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR while Rest of European market (as defined in the study) will reach US$279.3 Million by the end of the analysis period.
Developed economies account for a major share of the market, attributed to increasing prevalence of various diseases, well developed healthcare infrastructure, easy reimbursement, and government support for technological developments. Economic growth, increasing healthcare spending, improved standard of healthcare facilities are expected to fuel demand for new equipment in developing markets.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of COVID-19 Pandemic and Looming Global Recession
- COVID-19 Throws Spotlight on Lung Ultrasound as Pivotal Medical Imaging Modality
- Cardiac & Vascular Ultrasound Also Gains Prominence
- Airway and Abdominal Ultrasound for COVID-19 Patients
- Handheld Point of Care Ultrasound Devices Present Growth Avenues for Manufacturers
- Tele-Ultrasound to Gain from Increasing Use of TeleHealth Services
- Medical Ultrasound: An Overview
- An Introduction to Portable Ultrasound Equipment
- Major Applications of Portable Ultrasound Equipment
- Global Market Prospects & Outlook
- Handheld Point of Care Witnesses Significant Increase
- Developed Markets Lead, Developing Economies to Boost Long-term Growth
- Competition
- Select High-End, Mid-Range and Economy Range Portable Ultrasound Machines
- Startups Look to Transform Portable Ultrasound Market
- Recent Market Activity
2. FOCUS ON SELECT PLAYERS (Total 81 Featured)
- Canon Medical Systems Corporation
- Clarius Mobile Health
- Esaote SpA
- FUJIFILM SonoSite, Inc.
- FUKUDA DENSHI USA, INC.
- GE Healthcare
- Hitachi Medical Systems Europe Holding AG
- Koninklijke Philips B.V
- Mindray Medical International Limited
- Samsung Healthcare
- Siemens Healthineers AG
- EchoNous, Inc.
- Teratech Corporation (Terason)
- Verathon, Inc.
3. MARKET TRENDS & DRIVERS
- Portability and Convenience Advantages Boost Adoption of Portable Ultrasound Systems in Varied Applications
- Rising Use of Ultrasound Technology for Early Disease Diagnosis Bodes Well for Portable Ultrasound Market
- Aging Population & Rising Prevalence of Chronic Diseases Spurs Need for Portable Ultrasound Devices
- Rise in Minimally Invasive Procedures Drive Demand for Portable Ultrasound Equipment
- Cardiovascular Portable Ultrasound: Anytime, Anywhere Advantages of Electrocardiography Boosts Adoption
- Fatalities by Heart Conditions: Estimated Percentage Breakdown for Cardiovascular Disease, Ischemic Heart Disease, Stroke, and Others
- Use of Portable Ultrasound Equipment Grows in Prenatal and Antenatal Care Presents Growth Opportunities
- Global New Births (in Millions) per Annum by Geographic Region
- Ultrasound for Therapeutic Applications: A Niche Market for Portable Systems
- Artificial Intelligence at the Forefront in New Portable Ultrasound Systems
- Advancements in Compact Ultrasound Systems
- Rising Prominence of Point of Care Ultrasound Devices Boost Market
- Real-time 3D or 4D Ultrasound Imaging Grows in Prominence
- Technology Advancements in Handheld Ultrasound Devices Fuels Market Growth
- Equipment with Streamlined Workflow Processes
- Vendors Focus on New Ways to Reconstruct Images
- Portable Handheld Ultrasound Scanners for Detection of Coronavirus
- Improved Electronics Drive Development of Advanced Systems
- University of California Researchers Integrate an Ultrasound Emitting Device in LMB
- Rise in Healthcare Expenditure to Drive Growth
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
UNITED STATES
- Impact of COVID-19 Pandemic
- Point-of-Care Ultrasound Gains Significance Amid the Pandemic
- Portable Compact Ultrasound Systems Grow in Significance
- Technological Innovations Drive Adoption
- Aging Demographics Propel Market Growth
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/vx7qre
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