Portable Ultrasound Devices Market Size, Trends, Report by 2033

The global portable ultrasound devices market size is expected to rake around USD 3.83 billion by 2033, growing at a CAGR of 5.62% from 2024 to 2033.

Key Points

• The North America portable ultrasound devices market size accounted for USD 950 million in 2023 and is expected to attain around USD 1,670 million by 2033, poised to grow at a CAGR of 5.80% between 2024 and 2033.
• North America dominated the market with the largest revenue share of 43% in 2023.
• Asia Pacific is estimated to grow at the fastest CAGR of 6.72% during the forecast period.
• By type, the handheld segment has held the largest revenue share of 56% in 2023.
• By application, the obstetrics/gynecology segment has contributed a major revenue share of 47% in 2023.
• By application, the cardiovascular segment is estimated to expand at a solid CAGR of 7.12% during the forecast period.
• By technology, the Doppler ultrasound segment has generated more than 47% of revenue share in 2023.
• By technology, the 3D and 4D ultrasound segment is projected to grow at a notable CAGR of 8.05% during the forecast period.
• By end-use, the hospitals & clinics segment has held the maximum revenue share of 57% in 2023.
• By end-use, the homecare segment is growing at a CAGR of 7.04% during the forecast period.

The portable ultrasound devices market has experienced significant growth in recent years due to advancements in technology and increasing demand for point-of-care diagnostics. Portable ultrasound devices offer convenience and flexibility, allowing healthcare professionals to perform imaging studies in various clinical settings, including ambulatory care centers, emergency rooms, and remote locations. These devices are compact, lightweight, and often wireless, enabling improved patient care and workflow efficiency.

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Growth Factors

Several factors contribute to the growth of the portable ultrasound devices market. Technological advancements have led to the development of portable devices with improved imaging quality, increased functionality, and enhanced user experience. Additionally, rising healthcare expenditures, particularly in emerging markets, drive the adoption of portable ultrasound devices. Moreover, the growing prevalence of chronic diseases, such as cardiovascular disorders and musculoskeletal injuries, fuels the demand for point-of-care diagnostics, further stimulating market growth.

Region Insights:

The portable ultrasound devices market exhibits regional variations influenced by factors such as healthcare infrastructure, government regulations, and economic conditions. North America and Europe dominate the market due to high healthcare spending, favorable reimbursement policies, and the presence of leading medical device manufacturers. In contrast, the Asia-Pacific region is poised for substantial growth attributed to rising healthcare investments, expanding patient population, and increasing adoption of portable medical devices in emerging economies like China and India.

Portable Ultrasound Devices Market Scope

Portable Ultrasound Devices Market Dynamics

Drivers:

Several drivers propel the growth of the portable ultrasound devices market. The shift towards value-based healthcare models emphasizes cost-effective diagnostic solutions, driving the adoption of portable ultrasound devices for point-of-care testing. Furthermore, the increasing prevalence of chronic diseases, coupled with the aging population, creates a growing need for portable imaging solutions for early disease detection and monitoring. Moreover, technological advancements, such as the integration of artificial intelligence and wireless connectivity, enhance the diagnostic capabilities and usability of portable ultrasound devices, driving market demand.

Opportunities:

The portable ultrasound devices market presents several opportunities for growth and innovation. Expansion into emerging markets offers significant growth potential due to increasing healthcare investments and unmet medical needs. Moreover, the development of handheld ultrasound devices with advanced imaging modalities and clinical applications opens new avenues for market players to cater to diverse medical specialties and address specific diagnostic challenges. Additionally, strategic collaborations and partnerships with healthcare providers and technology companies can facilitate market penetration and product development.

Challenges:

Despite the promising growth prospects, the portable ultrasound devices market faces certain challenges. Regulatory hurdles and compliance requirements vary across regions, posing challenges for market entry and product approval. Moreover, concerns regarding the accuracy and reliability of portable ultrasound imaging compared to traditional systems may hinder market adoption, particularly in critical care settings. Additionally, reimbursement limitations and budget constraints in healthcare facilities could impede market growth, especially in resource-constrained environments.

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Portable Ultrasound Devices Market Recent Developments

• In May 2024, Esaote SPA launched a portable ultrasound system named ‘MyLab Omega eXP VET.’ This system will help veterinarians examine animals with a high level of flexibility and accuracy in diagnostic imaging. It also covers animals of all species and ensures high performance, ranging from general imaging and echocardiography to interventional procedures.
• In April 2024, Butterfly announced that the FDA had approved its next-generation handheld point-of-care ultrasound (POCUS) system named iQ3. This new device features a new ergonomic design and delivers high data processing speed for optimized image resolution and accuracy for the detection of various body parts.
• In November 2023, Aco Healthcare launched its new handheld ultrasound system, Apache Neo. This system features microwave-beamforming imaging technology that provides high-resolution medical images and accurate diagnosis to enhance patients’ overall medical experience.
• In September 2023, Mindray Medical International Limited launched the TE Air wireless handheld ultrasound device. This device offers multi-device connectivity and flexible charging options. It also produces high-quality images and ensures accessibility in critical clinical scenarios.
• In August 2023, GE HealthCare launched Vscan Air SL, a wireless handheld ultrasound device designed to accelerate the imaging process during cardiac and vascular problems. This device comes with GE HealthCare’s proprietary XDclear and SignalMax technology to enhance resolution and improve imaging performance.

Portable Ultrasound Devices Market Companies

• General Electric Company
• Siemens
• Clarius Mobile Health
• Koninklijke Philips N.V.
• SAMSUNG
• FUJIFILM Holdings Corporation
• Shenzhen Mindray Bio-medical Electronics Co., Ltd.
• Canon Inc.
• BenQ Corporation
• ESAOTE SPA
• Hitachi
• Butterfly Network

Segments Covered in the Report

By Type

• Laptop-based
• Handheld

By Application

• Obstetrics/Gynecology
• Cardiovascular
• Urology
• Gastric
• Musculoskeletal
• Others

By Technology

• 2D Ultrasound
• 3D & 4D Ultrasound
• Doppler Ultrasound
• High-intensity Focused Ultrasound

By End-Use

• Hospitals & Clinics
• Home Care
• Others

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa

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Prathamesh

I have completed my education in Bachelors in Computer Application. A focused learner having a keen interest in the field of digital marketing, SEO, SMM, and Google Analytics enthusiastic to learn new things along with building leadership skills.

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