Global Portable Ultrasound Machine Market Insights Forecasts to 2033

• The Global Portable Ultrasound Machine Market Size was Valued at USD 2.16 Billion in 2023
• The Market Size is Growing at a CAGR of 6.20% from 2023 to 2033
• The Worldwide Portable Ultrasound Machine Market Size is Expected to Reach USD 3.94 Billion by 2033
• Aisa Pacific is Expected to Grow the fastest during the forecast period.

 

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The Global Portable Ultrasound Machine Market Size is Anticipated to Exceed USD 3.94 Billion by 2033, Growing at a CAGR of 6.20% from 2023 to 2033.

 

Market Overview

Portable ultrasound machines are mobile ultrasound systems designed to be utilized in small spaces, at a patient’s bedside, or in the field. They can be cart-based, tablet-based, or hand-carried. Portable ultrasound devices have a wide range of uses in growing disciplines such as emergency medicine, critical care medicine, and musculoskeletal. Portable ultrasound equipment provides quick access to ultrasound when space is limited. These devices are currently used in the primary disease areas, including cardiology, radiography, endocrinology, and gynecology. Because there is a rising need for ambulatory services in both emerging and developed countries, the need for portable ultrasound devices is increasing, leading to the market's expansion. Portable ultrasound devices are utilized in non-invasive and minimally invasive surgical (MIS) procedures because they can ablate aberrant tissue from a wide range of angles during diagnosis. To improve patient care and minimize excessive bleeding or infection, surgical treatments are widely conducted using minimally invasive techniques or keyhole operations. In March 2024, the International Agency for Research on Cancer (IARC) sponsored a two-day workshop in India on March 7 and 8 to train non-radiologist health practitioners in the use of a low-cost portable ultrasound device for women with aberrant results on clinical breast examination.

 

Report Coverage

This research report categorizes the market for the portable ultrasound machine 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 portable ultrasound machine 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 portable ultrasound machine market.

 

Driving Factors

The portable ultrasound machine market is thriving due to technological advancements making devices compact and affordable. They're increasingly used for point-of-care testing, especially in emergencies and remote areas. Variety of factors, including the technology and medical equipment available in the emergency department, influence the speed with which patients receive care. The portable ultrasound machine is one of the most sensitive and important pieces of medical imaging equipment used in emergency departments. It can offer real-time images and is a valuable diagnostic tool because of its non-invasive methodology. The rising incidence of chronic diseases and the preference for non-invasive diagnostics are driving the adoption of the portable ultrasonic machine market.

 

Restraining Factors

Several factors restrain the growth of the portable ultrasound machine market. High initial investment costs and limited imaging capabilities compared to traditional machines might hinder adoption, especially in smaller healthcare facilities. Regulatory challenges and the need for skilled personnel pose additional barriers, while concerns about accuracy and reliability, coupled with limited reimbursement policies, dampen market expansion. Moreover, competition from alternative imaging technologies, infrastructure limitations, and privacy concerns contribute to the restraint. Resistance to change within healthcare systems further impedes widespread adoption. Addressing these challenges will be crucial for the continued growth of the portable ultrasound machine market.

 

Market Segmentation

The portable ultrasound machine market share is classified into type, application, and end-user.

 

• The mobile ultrasound device segment is anticipated to grow at the fastest CAGR growth through the forecast period.

Based on the type, the portable ultrasound machine market is classified into mobile ultrasound device, handheld ultrasound device. Among these, the mobile ultrasound device segment is anticipated to grow at the fastest CAGR growth through the forecast period. Mobile ultrasound devices are gaining popularity in developing countries due to the increased demand for ambulatory care. Although wealthy countries, such as the United States, have a well-established market for handheld ultrasound devices, there is also an increasing need for mobile ultrasound machines. Because of its effectiveness in providing mobile care, the segment is anticipated to increase substantially during the forecast period.

 

• The gynecology segment is estimated to hold the highest market revenue share through the projected period.

Based on the application, the portable ultrasound machine market is divided into gynecology, cardiology, urology, anesthesiology, and musculoskeletal. Among these, the gynecology segment is estimated to hold the highest market revenue share through the projected period. This dominance is attributed to the essential role ultrasound technology plays in women's healthcare, particularly in obstetrics and gynecology. Portable ultrasound machines offer flexibility and convenience for quick assessments, contributing to their widespread use in clinics, hospitals, and remote locations. The increasing emphasis on maternal and fetal health, coupled with technological advancements, further drives growth in the gynecology segment.

 

• The hospitals & clinics segment is anticipated to hold the largest revenue share through the projected period.

Based on the end-user, the portable ultrasound machine market is categorized into hospitals & clinics, home care, and others. Among these, the hospitals & clinics segment is anticipated to hold the largest revenue share through the projected period. This dominance is attributed to the widespread use of portable ultrasound machines in these settings, where they facilitate quick and accurate assessments essential for patient care. Hospitals and clinics with dependable power sources and limited space for large equipment can now adopt ultrasonography. Portable ultrasound technology is still in its development phase, but it has rapidly developed and already accounts for a significant percentage of the ultrasound market.

 

Regional Segment Analysis of the Portable Ultrasound Machine Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

North America is anticipated to hold the largest share of the portable ultrasound machine market over the predicted timeframe.

 

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North America is projected to hold the largest share of the portable ultrasound machine market over the forecast period. This can be attributed in large part to upgraded health infrastructure, increased disease and infection rates, a greater emphasis on the development of novel products, and an increase in the number of regional enterprises making portable ultrasound devices. Rapid innovations in the medical sector, as well as the allocation of money for medical research and development, are among the primary factors driving regional market expansion.

 

Asia Pacific is expected to grow at the fastest CAGR growth of the portable ultrasound machine market during the forecast period. This growth is driven by factors such as increasing demand for point-of-care diagnostics, technological advancements leading to more compact and affordable devices, rising prevalence of chronic diseases, growing geriatric population, and supportive government initiatives aimed at improving healthcare infrastructure.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the portable ultrasound machine 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

• Siemens Healthineers
• Hitachi Ltd.
• GE Healthcare
• Koninklijke Philips N.V.
• Mindray Bio-Medical Electronics Co.Ltd.
• Canon Medical System Corporation
• Toshiba Corporation
• FUJIFILM Philips N.V.
• Samsung Healthcare
• EDAN Instruments
• Butterfly Network
• Landwind Medical Systems Co. Ltd.
• Accutome Inc.
• Shenxhen Mindray Bio-Medical Electronics Co.Ltd.
• Others

 

Key Target Audience

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

 

Recent Developments

 

• In October 2021, the World Health Organisation with support from the Government of Japan donated 16 Portable Ultrasound Machines Worth N$ 801,843.00 to the Ministry of Health and Social Services, Namibia.

 

• In March 2021, G.E. Healthcare, a global medical technology and digital solutions provider, announced the release of Vscan Air, a wireless small ultrasound with crystal clear image quality and whole-body scanning capabilities.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the portable ultrasound machine market based on the below-mentioned segments: 

 

Global Portable Ultrasound Machine Market, By Type

• Mobile Ultrasound Device
• Handheld Ultrasound Device

 

Global Portable Ultrasound Machine Market, By Application

• Gynecology
• Cardiology
• Urology
• Anesthesiology
• Musculoskeletal

 

Global Portable Ultrasound Machine Market, By End-User

• Hospitals & Clinics
• Home Care
• Others

 

Global Portable Ultrasound Machine Market, By Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa