Portable Ultrasound Devices Market to Grow with a CAGR of 6.01% through 2029
Growing
demand for point-of-care diagnostics is expected to drive the Global Portable
Ultrasound Devices Market growth in the forecast period, 2025-2029
According
to TechSci Research report, “Portable Ultrasound Devices Market – Global
Industry Size, Share, Trends, Competition Forecast & Opportunities,
2029F”, the Global Portable Ultrasound Devices Market stood at USD 2.62
billion in 2023 and is anticipated to grow with a CAGR of 6.01% through 2029. The increasing prevalence of chronic diseases, such as
cardiovascular diseases, cancer, and musculoskeletal disorders, is fueling the
demand for portable ultrasound devices. Chronic diseases require regular
monitoring and diagnostic imaging, making portable ultrasound devices
indispensable tools for healthcare providers. These devices enable healthcare
professionals to conduct timely and accurate diagnostics, monitor disease
progression, and assess treatment effectiveness, thereby improving patient
outcomes and reducing healthcare costs.
The
growing emphasis on point-of-care diagnostics is driving the adoption of
portable ultrasound devices across various medical specialties. Point-of-care
ultrasound (POCUS) enables healthcare providers to perform real-time imaging
and diagnostics at the patient's bedside, emergency room, or clinic, without
the need for specialized infrastructure or extensive training. POCUS has become
particularly valuable in emergency medicine, critical care, obstetrics and
gynecology, and musculoskeletal imaging, where rapid decision-making and timely
intervention are critical for patient care.
Rising
healthcare expenditure, particularly in developed economies, is contributing to
the growth of the portable ultrasound devices market. Governments and
healthcare organizations are investing in advanced medical technologies to
improve healthcare access, enhance patient care, and optimize healthcare
delivery. Portable ultrasound devices offer a cost-effective alternative to
traditional bulky ultrasound machines, enabling healthcare providers to expand
diagnostic capabilities and improve healthcare outcomes without significant
capital investment. Favorable reimbursement policies are driving the
adoption of portable ultrasound devices, particularly in developed economies.
Government healthcare programs and private insurance companies are increasingly
recognizing the clinical utility of portable ultrasound for various diagnostic
applications and are providing reimbursement for ultrasound procedures
conducted with portable devices.
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The
Global Portable Ultrasound Devices Market is segmented into type of device, application, regional distribution, and company
Based on
the type of device, handheld ultrasound devices emerged as the dominant segment
in the global portable ultrasound devices market in 2023. This can be
attributed to several factors. Handheld ultrasound devices offer enhanced
portability, ease of use, and convenience compared to other types of portable
ultrasound devices. Healthcare providers can conveniently transport handheld
devices to various clinical settings, facilitating real-time imaging and
diagnostics at the point of care. Technological advancements have
led to improvements in the performance and imaging capabilities of handheld
ultrasound devices, rendering them suitable for a wide array of diagnostic
applications across medical specialties. The increasing demand
for point-of-care diagnostics and the rising prevalence of chronic diseases
have driven the adoption of handheld ultrasound devices. These devices provide
cost-effective and efficient diagnostic solutions in diverse clinical settings,
further fueling their adoption among healthcare providers.
Based on
the application, gynecology emerged as the dominant segment in the
global portable ultrasound devices market in 2023. As Pregnant women seek
access to high-quality prenatal care, including ultrasound screenings, to
ensure the health and well-being of both the mother and the baby. Portable
ultrasound devices enable healthcare providers to offer comprehensive prenatal
care in diverse clinical settings, including rural or underserved areas where
access to specialized medical facilities may be limited. Technological advancements in portable ultrasound devices have further fueled
their adoption in obstetrics/gynecology. These devices now offer improved
imaging quality, advanced imaging modes, and ergonomic design features specifically
tailored to the needs of obstetricians and gynecologists. As a result, portable
ultrasound devices have become indispensable tools in obstetrics/gynecology
practice, driving their dominance in the global market segment.
North
America emerged as the dominant player in the global portable ultrasound
devices market in 2023, holding the largest market share. North America
has a high prevalence of chronic diseases such as cardiovascular diseases,
cancer, and diabetes, which require regular monitoring and diagnostic imaging.
Portable ultrasound devices offer a cost-effective and efficient solution for
diagnosing and managing chronic conditions, further driving their adoption in
the region. Favorable reimbursement policies and healthcare
reimbursement systems in North America incentivize healthcare providers to
invest in advanced medical technologies, including portable ultrasound devices.
Reimbursement coverage for ultrasound procedures conducted with portable devices
encourages healthcare facilities to integrate these devices into their clinical
practice, driving market growth.
Major
companies operating in Global Portable Ultrasound Devices Market are:
- Thermo Fisher Scientific, Inc.
- FUJIFILM Sonosite, Inc.
- GE HealthCare Technologies Inc.
- Hitachi, Ltd.
- Shenzhen Mindray Bio-Medical Electronics Co., Ltd.
- Canon Medical Systems Corporation
- Koninklijke Philips N.V
- Samsung Healthcare
- Siemens Healthineers AG
- Fukuda Denshi Co. Ltd
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“The
Global Portable Ultrasound Devices Market is poised for significant growth in
the coming years. Advancements in technology, such as the integration of
artificial intelligence and machine learning algorithms, are enhancing the
performance and diagnostic capabilities of portable ultrasound devices.
Secondly, the increasing prevalence of chronic diseases and the growing demand
for point-of-care diagnostics are driving the adoption of portable ultrasound
devices. Additionally, favorable reimbursement policies, particularly in
developed economies, are encouraging healthcare providers to invest in portable
ultrasound technology. The expansion of applications across various
medical specialties, such as obstetrics/gynecology, cardiology, and emergency
medicine, is fueling market growth”, said Mr. Karan Chechi, Research Director
of TechSci Research, a research-based management consulting firm.
“Portable Ultrasound Devices Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type of Device (Mobile Ultrasound Device, Handheld Ultrasound Device), By Application (Gynaecology, Cardiovascular, Urology, Musculoskeletal, Anaesthesiology, Others), By Region, Competition, Forecast, and Opportunities, 2019-2029F”, has evaluated the future growth potential of
Global Portable Ultrasound Devices Market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Global Portable Ultrasound Devices Market.
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