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Global Portable Ultrasound Market: By Device Type: Handheld Ultrasound Device, Mobile Ultrasound Device; By Application: Cardiovascular, Obstetrics and Gynaecology, Others; By End User; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Portable Ultrasound Market Outlook
The global portable ultrasound market stood at a value of around USD 4.2 billion in 2021. The market is further expected to grow at a CAGR of 7.43% in the forecast period of 2023-2028 to attain a value of USD 6.4 billion by 2027.
Increased Demand for Mobile Ultrasound Devices to Bolster the Market Growth of the Global Portable Ultrasound Industry
Based on device type, the mobile ultrasound device segment is predicted to hold a healthy market share in the portable ultrasound industry. This can be attributed to the increased deployment of mobile ultrasound devices in ambulatory care centres, especially in developing economies, to improve the accessibility to essential medical facilities. In addition, their easy-to-use nature is also expected to add to their overall popularity in the market.
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Meanwhile, in terms of application, the cardiovascular segment is projected to aid the market growth in the forecast period, owing to the rising number of patients suffering from cardiovascular issues. These factors are expected to contribute to the overall industry growth in the forecast period.
North America to Offer Lucrative Growth Opportunities for the Global Portable Ultrasound Industry Expansion
North America is estimated to occupy a considerable share of the portable ultrasound industry in the forecast period. The market growth in the region can be attributed to the availability of advanced healthcare infrastructure. Additionally, the increasing incidences of chronic illnesses in the region are also leading to an increase in healthcare expenditure by the government, which, in turn, is projected to aid the market growth. Further, the rising geriatric population in the region, which is more susceptible to diseases and injury, is also anticipated to lead to an increased adoption of portable ultrasound devices, thus, adding to the industry growth in the forecast period.
Portable Ultrasound: Market Segmentation
Portable ultrasound devices refer to compact, mobile ultrasound machines that offer broad applicability. These machines can be laptop based, tablet based, or handheld. These devices are ideal for small spaces and patient’s bedside. In addition, portable ultrasound machines are increasingly utilised in on-field scanning for various applications, including radiology, endocrinology, gastroenterology, and paediatrics, among others.
By device type, the market is bifurcated into:
- Handheld Ultrasound Device
- Mobile Ultrasound Device
On the basis of application, the market can be divided into:
- Cardiovascular
- Obstetrics and Gynaecology
- Musculoskeletal
- Gastric
- Others
Based on end user, the industry can be segmented into:
- Hospitals
- Diagnostics
- Ambulatory Care Centres
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Increased Demand for Efficient Medical Devices to Drive the Global Portable Ultrasound Industry
The rising incidences of severe illnesses and diseases are leading to an increased demand for efficient medical devices. In this regard, portable ultrasound devices are helpful for patients with mobility issues, such as obese patients or paraplegic patients. Additionally, the growing demand for minimally invasive diagnostic procedures is also being observed. This is projected to drive the market growth in the forecast period. Moreover, the increased expenditure on regular health check-ups by people is projected to aid the industry growth. In addition, the rapid technological advancements are also anticipated to propel the market growth in the coming years. For instance, in March 2021, GE Healthcare announced the launch of Vscan Air, which is the company’s first wireless portable ultrasound device. These factors are estimated to positively impact the industry growth in the forecast period.
Key Industry Players in the Global Portable Ultrasound Market
The report gives a detailed analysis of the following key players in the global portable ultrasound market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Fujifilm SonoSite Inc.
- General Electric Company
- Hitachi
- Fukuda Denshi
- Canon Medical Systems Corporation
- Koninklijke Philips
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Device Type, Application, End User, Region |
| Breakup by Device Type | Handheld Ultrasound Device, Mobile Ultrasound Device |
| Breakup by Application | Cardiovascular, Obstetrics and Gynaecology, Musculoskeletal, Gastric, Others |
| Breakup by End User | Hospitals, Diagnostics, Ambulatory Care Centres, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Fujifilm SonoSite Inc., General Electric Company, Hitachi, Fukuda Denshi, Shenzhen Mindray Bio-Medical Electronics Co., Ltd., Canon Medical Systems Corporation, Koninklijke Philips, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Portable Ultrasound Market Analysis
8.1 Key Industry Highlights
8.2 Global Portable Ultrasound Historical Market (2018-2022)
8.3 Global Portable Ultrasound Market Forecast (2023-2028)
8.4 Global Portable Ultrasound Market by Device Type
8.4.1 Handheld Ultrasound Device
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Mobile Ultrasound Device
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global Portable Ultrasound Market by Application
8.5.1 Cardiovascular
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Obstetrics and Gynaecology
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Musculoskeletal
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Gastric
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Portable Ultrasound Market by End User
8.6.1 Hospitals
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Diagnostics
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Ambulatory Care Centres
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Others
8.7 Global Portable Ultrasound Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Portable Ultrasound Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Portable Ultrasound Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Portable Ultrasound Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Portable Ultrasound Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Portable Ultrasound Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Fujifilm SonoSite Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 General Electric Company
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Hitachi
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Fukuda Denshi
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Canon Medical Systems Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Koninklijke Philips
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Portable Ultrasound Market: Key Industry Highlights, 2018 and 2028
2. Global Portable Ultrasound Historical Market: Breakup by Device Type (USD Billion), 2018-2022
3. Global Portable Ultrasound Market Forecast: Breakup by Device Type (USD Billion), 2023-2028
4. Global Portable Ultrasound Historical Market: Breakup by Application (USD Billion), 2018-2022
5. Global Portable Ultrasound Market Forecast: Breakup by Application (USD Billion), 2023-2028
6. Global Portable Ultrasound Historical Market: Breakup by End User (USD Billion), 2018-2022
7. Global Portable Ultrasound Market Forecast: Breakup by End User (USD Billion), 2023-2028
8. Global Portable Ultrasound Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Portable Ultrasound Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Portable Ultrasound Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Portable Ultrasound Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Portable Ultrasound Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Portable Ultrasound Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Portable Ultrasound Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Portable Ultrasound Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Portable Ultrasound Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Portable Ultrasound Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Portable Ultrasound Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Portable Ultrasound Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Portable Ultrasound Market Structure
Key Questions Answered in the Report
In 2021, the global portable ultrasound market attained a value of nearly USD 4.2 billion.
The market is projected to grow at a CAGR of 7.43% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of USD 6.4 billion by 2027.
The major drivers of the industry, such as the rise in the patient population, improving healthcare facilities, rapid technological advancements, and the rising investments in research and development of portable ultrasound technology by the leading market players, are expected to aid the market growth.
The key market trends guiding the growth of the industry include the increasing demand for minimally invasive diagnostic procedures and efficient medical devices.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant device types include handheld ultrasound device and mobile ultrasound device.
The major applications include cardiovascular, obstetrics and gynaecology, musculoskeletal, gastric, and others.
The major end users include hospitals, diagnostics, ambulatory care centres, and others.
The major players in the industry are Fujifilm SonoSite Inc., General Electric Company, Hitachi, Fukuda Denshi, Canon Medical Systems Corporation, Koninklijke Philips, and others.
Analyst Review
The global portable ultrasound market attained a value of nearly USD 4.2 billion in 2021, driven by the rising incidences of severe illnesses across the globe and the increasing demand for efficient diagnostic devices. Aided by the rapid technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 7.43%. The market is projected to reach USD 6.4 billion by 2027.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By device type, the market can be distributed into handheld ultrasound device and mobile ultrasound device. On the basis of application, the industry can be segmented into cardiovascular, obstetrics and gynaecology, musculoskeletal, gastric, and others. Based on end user, the market can be categorised into hospitals, diagnostics, ambulatory care centres, and others. The major regional markets for portable ultrasound are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Fujifilm SonoSite Inc., General Electric Company, Hitachi, Fukuda Denshi, Canon Medical Systems Corporation, Koninklijke Philips, and others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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