Portable Ultrasound Devices Market Size, Growth, Trends | Report 2023-2032
The global portable ultrasound devices market was surpassed at USD 1.86 billion in 2022 and is expected to hit around USD 3.66 billion by 2032, growing at a CAGR of 7% from 2023 to 2032.
Report Highlights
Increased advancements in medical technology, a rise in a patient’s preference for minimally invasive treatments, and extensive adoption of imaging systems in emergency care are some of the key factors driving the market.
The demand for portable imaging devices has significantly increased as a result of the rising acceptance of telemedicine and tele-ultrasound methods. To lessen the effects of COVID-19, the government made considerable expenditures on these platforms. Furthermore, wireless portable ultrasound enabled rapid diagnosis, thus reducing the rate of transmission of the virus. The organization, assessment, and diagnosis of COVID-19 patients by healthcare professionals led to a significant increase in the demand for portable ultrasounds during the pandemic.
In December 2022, GE Healthcare announced the acquisition of BK Medical. The ultrasound business of GE Healthcare is expected to expand with the acquisition. Increased capability in the advanced surgical imaging market and considerable synergies are anticipated to further reinforce BK Medical's well-known business.
| Report Coverage | Details |
| Market Size in 2022 | USD 1.86 billion |
| Revenue Forecast by 2032 | USD 3.66 billion |
| Growth rate from 2023 to 2032 | CAGR of 7% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segmentation | Type, application, technology, end-use, region |
| Companies Covered | GE Healthcare; Siemens; Koninklijke Philips N.V.; Samsung; FUJIFILM Holdings Corporation; Shenzhen Mindray Bio-medical Electronics Co., Ltd.; Canon Inc.; BenQ Corporation |
Type Insights
The handheld ultrasound devices segment accounted for the largest revenue share of over 55.04% in 2022 and is also expected to register the fastest CAGR over the forecast period owing to the enhanced picture quality as technology continues to grow. High-end ultrasound devices are expensive, difficult to move, and sometimes only accessible in specialized medical wards considering their diagnostic value. These are the smallest possible ultrasound equipment that can fit inside a physician's coat pocket. Hand-held ultrasound devices are less expensive than console ultrasound units, and are convenient for professionals to carry.
Laptop-based ultrasound devices can be utilized at the bedside either on a cart or by hand due to their small designs. These devices have advanced imaging capabilities and strong battery power backup and offer benefits that justify their cost. The compact size of these ultrasound devices avoids stretching time and controls with easy reach. Clinical efficiency has been improved by advanced miniature technology in a wide range of medical applications.
Application Insights
The obstetrics/gynecology segment dominated the market and held a revenue share of over 45.13% in 2022. Hand-held and laptop-based devices with high-end imaging techniques are crucial in most cases. Portable ultrasound devices are also flexible and easy to use by expectant parents. For instance, in 2022, GE Healthcare launched Vscan Extend, a handheld ultrasound device, which helps doctors to examine the heart rate of the fetus, evaluate its position, check fluid levels, determine uterine fibroids, and evaluate the health of the mother, including any potential cardiac issues.
The cardiovascular segment is estimated to register a CAGR of 7.1% over the forecast period due to the increasing prevalence of cardiovascular disorders (CVD) globally. As per the American Heart Association, cardiovascular disease (CVD), registered as the underlying cause of demises, accounted for 868,662 deaths in the U.S. in 2017.
Technology Insights
The Doppler portable ultrasound segment dominated the market and held a revenue share of over 46.3% in 2022 owing to its high-resolution medical screen that uses sub-array component transducers and multi-beam parallel technology. Doppler ultrasound imaging is a noninvasive diagnostic procedure that uses flowing red blood cells to reflect high-frequency sound radiation (ultrasound) to assess the blood flow in the blood arteries. This technique can be performed as a substitute for invasive treatments like angiography, which injects dye into the blood arteries to make them visible on X-ray images. The doctors are using a Doppler ultrasound to assess artery damage or to keep track of specific vein and artery therapies.
The 3D and 4D portable ultrasound segment is estimated to register the fastest CAGR of 8.06% over the forecast period. Imaging options in 3D and 4D are more sophisticated than those in 2D. Although almost all medical specialties use ultrasonography, 3D and 4D imaging are frequently connected to pregnancy. The thought of being able to watch a fetus develop and grow in great detail excites expectant moms. Prenatal 3D ultrasound can be used to identify exterior abnormalities such as cleft lip or spinal curvature. It is an exceptional technology for examining the fetal heart's structural components.
End-use Insights
The hospital and clinics segment dominated the market and held a revenue share of over 56.08% in 2022. This is due to their smaller size and more exact image quality. Doctors have started carrying body-imaging solutions in the form of moveable ultrasounds to remote medical centers. Hospitals and clinics with dependable power sources and limited space for large equipment are now able to use ultrasound. Portable ultrasound technology is still in its development phase, but it has expanded quickly and already accounts for a sizable portion of the ultrasound market.
The home care segment is expected to register a CAGR of 7.54% over the forecast period. Ultrasound technology moving from the clinical setting to the home setting is a widely adopted trend that has been developing slowly over the past few years. It is the responsibility of doctors, however, for patients with certain conditions who require to be scanned more often, they should receive handheld portable devices as well as basic training at home. This would let them scan themselves at a particular frequency and send the images directly to the physician, which is indicated to be safer, more efficient, and less expensive in the long run.
Regional Insights
North America dominated the market and accounted for a revenue share of over 42.04% in 2022. Rapid advancements in the medical sector, allocation of funds for medical research, and developments are some of the key factors contributing to regional market growth. The presence of a significant number of market competitors and the developed healthcare infrastructure are some of the key factors contributing to the regional market growth.
Asia Pacific is expected to be the fastest-growing market with a CAGR of 6.76% over the forecast period. The increasing population in the region and lifestyle habits are leading to a rise in the number of people with diseases. For instance, in China, the population over the age of 65 is anticipated to increase from 164.48 million in 2019 to 246.98 million by 2030, as per the World Population Ageing 2019 study. Medical device companies across the globe are entering the Asia Pacific market to expand their businesses due to lower manufacturing costs, market opportunities, and the large population in the region.
Key Players
Market Segmentation
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Portable Ultrasound Devices Market
5.1. COVID-19 Landscape: Portable Ultrasound Devices Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Portable Ultrasound Devices Market, By Type
8.1. Portable Ultrasound Devices Market, by Type, 2023-2032
8.1.1. Laptop-based
8.1.1.1. Market Revenue and Forecast (2019-2032)
8.1.2. Handheld
8.1.2.1. Market Revenue and Forecast (2019-2032)
Chapter 9. Global Portable Ultrasound Devices Market, By Application
9.1. Portable Ultrasound Devices Market, by Application, 2023-2032
9.1.1. Obstetrics/Gynecology
9.1.1.1. Market Revenue and Forecast (2019-2032)
9.1.2. Cardiovascular
9.1.2.1. Market Revenue and Forecast (2019-2032)
9.1.3. Urology
9.1.3.1. Market Revenue and Forecast (2019-2032)
9.1.4. Gastric
9.1.4.1. Market Revenue and Forecast (2019-2032)
9.1.5. Musculoskeletal
9.1.5.1. Market Revenue and Forecast (2019-2032)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2019-2032)
Chapter 10. Global Portable Ultrasound Devices Market, By Technology
10.1. Portable Ultrasound Devices Market, by Technology, 2023-2032
10.1.1. 2D Ultrasound
10.1.1.1. Market Revenue and Forecast (2019-2032)
10.1.2. 3D & 4D Ultrasound
10.1.2.1. Market Revenue and Forecast (2019-2032)
10.1.3. Doppler Ultrasound
10.1.3.1. Market Revenue and Forecast (2019-2032)
10.1.4. High-intensity Focused Ultrasound
10.1.4.1. Market Revenue and Forecast (2019-2032)
Chapter 11. Global Portable Ultrasound Devices Market, By End-use
11.1. Portable Ultrasound Devices Market, by End-use, 2023-2032
11.1.1. Hospitals & Clinics
11.1.1.1. Market Revenue and Forecast (2019-2032)
11.1.2. Home Care
11.1.2.1. Market Revenue and Forecast (2019-2032)
11.1.3. Others
11.1.3.1. Market Revenue and Forecast (2019-2032)
Chapter 12. Global Portable Ultrasound Devices Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Type (2019-2032)
12.1.2. Market Revenue and Forecast, by Application (2019-2032)
12.1.3. Market Revenue and Forecast, by Technology (2019-2032)
12.1.4. Market Revenue and Forecast, by End-use (2019-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Type (2019-2032)
12.1.5.2. Market Revenue and Forecast, by Application (2019-2032)
12.1.5.3. Market Revenue and Forecast, by Technology (2019-2032)
12.1.5.4. Market Revenue and Forecast, by End-use (2019-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Type (2019-2032)
12.1.6.2. Market Revenue and Forecast, by Application (2019-2032)
12.1.6.3. Market Revenue and Forecast, by Technology (2019-2032)
12.1.6.4. Market Revenue and Forecast, by End-use (2019-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Type (2019-2032)
12.2.2. Market Revenue and Forecast, by Application (2019-2032)
12.2.3. Market Revenue and Forecast, by Technology (2019-2032)
12.2.4. Market Revenue and Forecast, by End-use (2019-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Type (2019-2032)
12.2.5.2. Market Revenue and Forecast, by Application (2019-2032)
12.2.5.3. Market Revenue and Forecast, by Technology (2019-2032)
12.2.5.4. Market Revenue and Forecast, by End-use (2019-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Type (2019-2032)
12.2.6.2. Market Revenue and Forecast, by Application (2019-2032)
12.2.6.3. Market Revenue and Forecast, by Technology (2019-2032)
12.2.6.4. Market Revenue and Forecast, by End-use (2019-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Type (2019-2032)
12.2.7.2. Market Revenue and Forecast, by Application (2019-2032)
12.2.7.3. Market Revenue and Forecast, by Technology (2019-2032)
12.2.7.4. Market Revenue and Forecast, by End-use (2019-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Type (2019-2032)
12.2.8.2. Market Revenue and Forecast, by Application (2019-2032)
12.2.8.3. Market Revenue and Forecast, by Technology (2019-2032)
12.2.8.4. Market Revenue and Forecast, by End-use (2019-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Type (2019-2032)
12.3.2. Market Revenue and Forecast, by Application (2019-2032)
12.3.3. Market Revenue and Forecast, by Technology (2019-2032)
12.3.4. Market Revenue and Forecast, by End-use (2019-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Type (2019-2032)
12.3.5.2. Market Revenue and Forecast, by Application (2019-2032)
12.3.5.3. Market Revenue and Forecast, by Technology (2019-2032)
12.3.5.4. Market Revenue and Forecast, by End-use (2019-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Type (2019-2032)
12.3.6.2. Market Revenue and Forecast, by Application (2019-2032)
12.3.6.3. Market Revenue and Forecast, by Technology (2019-2032)
12.3.6.4. Market Revenue and Forecast, by End-use (2019-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Type (2019-2032)
12.3.7.2. Market Revenue and Forecast, by Application (2019-2032)
12.3.7.3. Market Revenue and Forecast, by Technology (2019-2032)
12.3.7.4. Market Revenue and Forecast, by End-use (2019-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Type (2019-2032)
12.3.8.2. Market Revenue and Forecast, by Application (2019-2032)
12.3.8.3. Market Revenue and Forecast, by Technology (2019-2032)
12.3.8.4. Market Revenue and Forecast, by End-use (2019-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Type (2019-2032)
12.4.2. Market Revenue and Forecast, by Application (2019-2032)
12.4.3. Market Revenue and Forecast, by Technology (2019-2032)
12.4.4. Market Revenue and Forecast, by End-use (2019-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Type (2019-2032)
12.4.5.2. Market Revenue and Forecast, by Application (2019-2032)
12.4.5.3. Market Revenue and Forecast, by Technology (2019-2032)
12.4.5.4. Market Revenue and Forecast, by End-use (2019-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Type (2019-2032)
12.4.6.2. Market Revenue and Forecast, by Application (2019-2032)
12.4.6.3. Market Revenue and Forecast, by Technology (2019-2032)
12.4.6.4. Market Revenue and Forecast, by End-use (2019-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Type (2019-2032)
12.4.7.2. Market Revenue and Forecast, by Application (2019-2032)
12.4.7.3. Market Revenue and Forecast, by Technology (2019-2032)
12.4.7.4. Market Revenue and Forecast, by End-use (2019-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Type (2019-2032)
12.4.8.2. Market Revenue and Forecast, by Application (2019-2032)
12.4.8.3. Market Revenue and Forecast, by Technology (2019-2032)
12.4.8.4. Market Revenue and Forecast, by End-use (2019-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Type (2019-2032)
12.5.2. Market Revenue and Forecast, by Application (2019-2032)
12.5.3. Market Revenue and Forecast, by Technology (2019-2032)
12.5.4. Market Revenue and Forecast, by End-use (2019-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Type (2019-2032)
12.5.5.2. Market Revenue and Forecast, by Application (2019-2032)
12.5.5.3. Market Revenue and Forecast, by Technology (2019-2032)
12.5.5.4. Market Revenue and Forecast, by End-use (2019-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Type (2019-2032)
12.5.6.2. Market Revenue and Forecast, by Application (2019-2032)
12.5.6.3. Market Revenue and Forecast, by Technology (2019-2032)
12.5.6.4. Market Revenue and Forecast, by End-use (2019-2032)
Chapter 13. Company Profiles
13.1. General Electric Company
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Siemens
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Koninklijke Philips N.V.
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. SAMSUNG
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. FUJIFILM Holdings Corporation
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. Shenzhen Mindray Bio-medical Electronics Co., Ltd.
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Canon Inc.
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. BenQ Corporation
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers