North America Handheld Ultrasound Devices Market Insights Forecasts to 2033

• The North America Handheld Ultrasound Devices Market Size was valued at USD 86.2 Million in 2023.
• The Market is growing at a CAGR of 4.98% from 2023 to 2033
• The North America Handheld Ultrasound Devices Market Size is Expected to Reach USD 140.1 Million by 2033

The North America Handheld Ultrasound Devices Market is Anticipated to Exceed USD 140.1 Million by 2033, Growing at a CAGR of 4.98% from 2023 to 2033.

Market Overview

The North America handheld ultrasound devices market encompasses the production and distribution of portable, compact ultrasound systems designed for point-of-care diagnostics across various medical settings. These devices facilitate real-time imaging, enabling healthcare professionals to make prompt and accurate clinical decisions. The market's expansion is driven by technological advancements in ultrasound imaging, a growing preference for minimally invasive diagnostic procedures, and an increasing prevalence of chronic diseases necessitating frequent monitoring. The rising demand for point-of-care diagnostics and the integration of artificial intelligence in imaging systems further contribute to market growth. Additionally, the aging population in North America leads to a higher incidence of age-related ailments, thereby increasing the need for efficient diagnostic tools. Government agencies in North America have implemented initiatives to enhance healthcare delivery and promote the adoption of advanced diagnostic technologies. For instance, the U.S. Food and Drug Administration (FDA) has streamlined the approval process for innovative medical devices, facilitating quicker market access for handheld ultrasound systems. Furthermore, public health campaigns emphasizing early disease detection and preventive care have increased the utilization of portable diagnostic tools. These efforts aim to improve patient outcomes, reduce healthcare costs, and support the widespread adoption of handheld ultrasound devices across the region.

Report Coverage

This research report categorizes the market for the North America handheld ultrasound devices market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the North America handheld ultrasound devices market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the North America handheld ultrasound devices market.

Driving Factors

The North America handheld ultrasound devices market is driven by technological advancements in ultrasound imaging, increasing adoption of point-of-care diagnostics, and a rising preference for minimally invasive procedures. The growing prevalence of chronic diseases, including cardiovascular conditions and musculoskeletal disorders, has heightened the demand for portable and efficient diagnostic tools. Additionally, the expansion of telemedicine and remote healthcare services has further propelled market growth. The integration of artificial intelligence in ultrasound imaging enhances diagnostic accuracy, improving clinical outcomes. Furthermore, favorable reimbursement policies and increased healthcare expenditure support the widespread adoption of handheld ultrasound devices across hospitals, clinics, and emergency care settings.

Restraining Factors

The North America handheld ultrasound devices market faces challenges such as high initial costs, limited image resolution compared to traditional ultrasound systems, and a lack of skilled professionals for device operation. Additionally, regulatory complexities and reimbursement limitations for portable diagnostic tools hinder widespread adoption, affecting market growth and accessibility in certain regions.

Market Segmentation

The North America handheld ultrasound devices market share is classified into application and end-user.

• The urology segment dominates the market with the largest market share over the predicted period.

The North America handheld ultrasound devices market is segmented by application into trauma and urology. Among these, the urology segment dominates the market with the largest market share over the predicted period. This is attributed to the increasing prevalence of urological disorders, such as kidney stones, prostate cancer, and bladder dysfunction, which necessitate efficient diagnostic tools. The adoption of handheld ultrasound devices in urology enhances point-of-care diagnostics, allowing for timely and accurate assessments in various clinical settings.

• The hospitals segment is expected to hold the largest market share through the forecast period.   

The North America handheld ultrasound devices market is segmented by end-user into hospitals and primary clinics. Among these, the hospitals segment is expected to hold the largest market share through the forecast period. This dominance is attributed to the high adoption of handheld ultrasound devices in hospitals for the treatment of chronic diseases. According to the Centers for Disease Control and Prevention (CDC), six in ten adults in the U.S. are living with life-threatening chronic conditions, necessitating advanced diagnostic tools in hospital settings.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the North America handheld ultrasound devices market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• GE HealthCare
• Koninklijke Philips N.V.
• Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
• BenQ Medical Technology
• CHISON Medical Technologies Co., Ltd.
• Dawei Medical (Jiangsu) Corp., Ltd.
• Viatom Technology Co., Ltd.
• Telemed Medical Systems S.r.l.
• Butterfly Network, Inc.
• Pulsenmore Ltd.
• Leltek Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-added resellers (VARs)

Recent Developments

• In August 2023, GE HealthCare launched the Vscan Air SL - a wireless handheld ultrasound device that enables quick and efficient assessments of cardiac and vascular patients.

Market Segment

This study forecasts revenue at North America, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the North America handheld ultrasound devices market based on the below-mentioned segments:

North America Handheld Ultrasound Devices Market, By Application

• Trauma
• Urology

North America Handheld Ultrasound Devices Market, By End-User

• Hospitals
• Primary Clinics