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Thursday, January 27, 2022

Global Portable Ultrasound Market to be Driven by the Rising Incidences of Chronic Illnesses Worldwide in the Forecast Period of 2022-2027

 The new report by Expert Market Research titled, ‘Global Portable Ultrasound Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global portable ultrasound market, assessing the market based on its segments like device types, applications, end users, and regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators and analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Historical Market Size (2021): USD 4.2 Billion
  • Forecast CAGR (2022-2027): 7.43%
  • Forecast Market Size (2027): USD 6.4 Billion

The portable ultrasound market is being driven by the growing demand for efficient diagnostic mechanisms worldwide. This can be associated with the rise in patient population. The growing awareness regarding health and well-being is leading consumers to invest in periodic health check-ups, which is predicted to catalyze the demand for portable ultrasound devices. Moreover, the portable ultrasound solutions were increasingly deployed during the rampant insurgence of the COVID-19 pandemic, as it provided ease in scanning and diagnosing cardiac and lung complications. These factors are expected to drive the market growth in the forecast period.

Industry Definition and Major Segments

Portable ultrasound is an ultrasound equipment that offers the benefit of ease of mobility over large ultrasound machines, and require less maintenance and space. These devices find increased usage in multiple medical sectors such as cardiovascular, gynaecology, and musculoskeletal, among others. In addition, these machines can be laptop-based, tablet-based or handheld.

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The portable ultrasound market, on the basis of device type, can be bifurcated into:

  • Handheld Ultrasound Device
  • Mobile Ultrasound Device

Based on application, the industry can be segregated into:

  • Cardiovascular
  • Obstetrics and Gynaecology
  • Musculoskeletal
  • Gastric
  • Others

On the basis of end user, the market can be categorised into:

  • Hospitals
  • Diagnostics
  • Ambulatory Care Centres
  • Others

The regional markets for portable ultrasound include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The global portable ultrasound industry is being driven by the rising cases of chronic diseases globally. This can be associated with the growing geriatric population, who is more susceptible to ailments and injury. The growing investments by the governments in the development of healthcare infrastructure are further estimated to positively impact the market growth. Moreover, the rapid technological advancements are anticipated to aid the market growth in the forecast period. For instance, in March 2021, GE Healthcare launched Vscan Air, a new intuitive and wireless ultrasound device. The factors are anticipated to augment the market growth in the coming years.

Key Market Players

The major players in the market are Fujifilm SonoSite Inc., General Electric Company, Hitachi, Fukuda Denshi, Canon Medical Systems Corporation, and Koninklijke Philips, and others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Media Contact

Company Name: EMR Inc.
Contact Person:-Ian Bell, Business Consultant
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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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