Portable Ultrasound Devices Market | Forecast 2018 to 2024
Portable Ultrasound Devices Market report offers Market Size, Dynamics, Regional Market Share, Top Key Players, Latest trends, Growth factors, Industry Stats, Historic Market, Business Intelligence, Business Research Reports, Competitive Intelligence 2013 to 2017 and Forecast 2018 to 2024
Portable ultrasound devices market is growing at a significant CAGR due to the increase in the geriatric population and rising in the prevalence of various chronic diseases such as cancer, diabetes, and various cardiovascular diseases. Increase in the spectrum of applications, and technology advancement in the manufacturing of portable ultrasound devices (3D and 4D) are the key drivers affecting the growth of portable ultrasound devices market. Similarly, increase in public-private partnership investments, rise in preference for minimally or non-invasive therapeutic and diagnostic techniques, higher healthcare expenditures might fuel the growth of portable ultrasound devices market. Moreover, increase in diagnostic imaging procedures by using ultrasound device, and increase in awareness for early disease detection are expected to boost the growth of portable ultrasound devices market. However, high cost for the portable ultrasound devices, risk of patient data storage, lack of skilled and experienced sonographers, and stringent regulatory policies for product approval are hamper the portable ultrasound devices market growth.
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The portable ultrasound devices market is segmented based on the device type, application, technology, and end users.
Based on device type, the portable ultrasound devices market is segmented into the following:
• bedside devices
• Trolley/cart based devices
• Handheld devices
Based on application, the portable ultrasound devices market is segmented into the following:
• Traditional areas
• Radiology
• Gynaecology
• Cardiology
• Urology
• Others
• Emerging areas
• Emergency medicine
• Anaesthesiology
• Musculoskeletal
• Others
Based on the technology, the portable ultrasound devices market is segmented into the following:
• Diagnostics portable ultrasound devices
• 2D, 3D, and 4D technology
• Doppler technology
• Therapeutics portable ultrasound devices
• Extracorporeal shockwave lithotripsy
• High-intensity focused ultrasound
Based on the end-user, the portable ultrasound devices market is segmented into the following:
• Hospitals
• Diagnostic centres
• Surgical centres
• Ambulatory care centres
• Others
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Nowadays, the portable ultrasound devices market is in the flourishing stage with several local and international players are actively involved in the development of portable ultrasound devices. Launching of new products with advanced technology, approvals for new products from various administrative bodies such as U.S. FDA and EMEA, mergers & acquisitions, partnerships, collaborations are might fuel the growth of portable ultrasound devices market. For instance, in December 2011, Fujifilm’s acquired Sonosite for the development of high-quality imaging technologies and pioneering point-of-care expertise to drive next generation medical imaging solutions. Similarly, in May 2015, GE healthcare launched a new portable ultrasound system which is designed for frontline healthcare workers to help improve maternal health in developing regions; the device will enable clinicians to provide care to their patients even in the most remote of settings.
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Geographically, portable ultrasound devices market has been segmented into following regions Viz. North America, Europe, Latin America, Middle East & Africa, and Asia-Pacific. Europe expected to hold a largest share in the portable ultrasound devices market attributed to increasing incidence rate of chronic disorders, rise in the demand for advanced ultrasound systems, and presence of developed healthcare infrastructure expected to propel the portable ultrasound devices market. However, the Asia-Pacific holds a significant growth over the forecast period owing to, increase in the awareness about the ultrasound procedures and rise in the healthcare expenditure on are driving the growth of portable ultrasound devices market. In addition, the rapidly growing aging population in also helps the market players to invest in Asia-Pacific countries, which could contribute the growth of portable ultrasound devices market.
Some of the players in portable ultrasound devices market are Fujifilm Holdings Corporation (Japan), Esaote SpA (Italy), Analogic Corporation (U.S), Koninklijke Philips N.V. (Netherlands), Siemens Ltd. (Germany), Hitachi, Ltd. (Japan), Toshiba Corporation (Japan), General Electric Corporation (U.S.), and Mindray Medical International Ltd (China) to name a few.
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