The global portable ultrasound industry is being driven by the rising incidences of severe ailments and diseases worldwide, which is creating a demand for efficient diagnostic solutions. In this regard, portable ultrasound machines offer multifaceted application potential, in addition to improved mobility, which is especially helpful for patients with motor impairment. Moreover, the increased usage of portable ultrasound devices, as a point-of-care ultrasound machine in 2020 for the diagnosis and treatment of COVID-19 patients also contributed to the market growth and is predicted to propel their demand in the coming years.
The growing focus of the leading players in the development of efficient portable ultrasound devices to provide precise care solutions, while enhancing the medical care efficiencies is estimated to significantly catalyse the industry growth in the forecast period. For instance, in March 2021, General Electric Company (NYSE: GE) announced the launch of its new handheld portable ultrasound device, Vscan Air, which is completely wireless. In addition, it comes with a compact and lightweight structure, while ensuring crystal clear imaging, secure data sharing, and a user-friendly interface. Furthermore, another leading portable ultrasound manufacturer, Koninklijke Philips (NYSE: PHG), in May 2020, announced that the company has received FDA approval for the usage of its ultrasound portfolio including Lumify with Reacts handheld tele-ultrasound solution, to manage the lungs and cardiac concerns occurring as a result of the COVID-19 infection. These developments are expected to positively impact the growth of the portable ultrasound industry in the forecast period.
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The major players in the global portable ultrasound market are Fujifilm SonoSite Inc., General Electric Company, Hitachi, Fukuda Denshi, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Canon Medical Systems Corporation, and Koninklijke Philips, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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