Diagnostic ultrasound has been widely used for fetal and maternal health. Full size ultrasound machines have been in use for years. These are quite large and prohibitively expensive, which restricts their use in community settings. Advancement in technologies has helped in the development of compact, portable ultrasound technologies that enable health care providers to deploy this tool for fetal and maternal health in community settings and smaller clinics. Portable ultrasound devices are medical imaging devices that use ultrasound to visualize muscles, tendons, internal organs, and to diagnose a range of medical conditions. These devices were first introduced in the 1980s and over the years have progressively undergone changes in their features. Presently, these devices are lauded for being small, durable, and light weight. These provide high resolution, high quality images at a cost significantly lower as compared to conventional ultrasound devices in critical care unit or emergency department. These devices also aid in better monitoring and faster interventions in acute events. In rural or remote areas where manpower and resources are limited, these devices have proved their value by improving the level of treatment by transferring images to central locations.
The portable ultrasound equipment market is driven by early stage diagnosis of diseases. Early disease diagnosis has helped in the detection of cardiovascular diseases, gynecological disorders, and cancer. Early detection of these diseases enables physicians and clinicians to provide patients with quick treatment options, thereby reducing mortality rates. Portable ultrasound equipment are increasingly finding applications in vascular access, DVT surveillance, gallbladder visualization, abdominal assessments, and urinary bladder dysfunction. Rising geriatric population and new product launches have also fueled the growth of the portable ultrasound equipment market. Demand for these devices has increased significantly due to growing adoption of minimally invasive procedures and increasing use of these equipment for antenatal and prenatal care for mothers who do not have access to large health care facilities. The market is projected to grow in the next few years; however, stringent government regulations, cost associated with equipment, and lack of well trained and skilled personnel are the major restraints of the portable ultrasound equipment market. Expanding applications of ultrasound devices and growth in the emerging economies are some of the opportunities that could drive the market.
The global portable ultrasound equipment market has been segmented based on product type, application, end-user, and region. In terms of product type, the market has been divided into hand-carried systems, hand-operated or handheld systems, and bedside systems. In terms of application, the market has been categorized into gynecology, radiology, cardiology, urology, ophthalmology, critical care medicine, musculoskeletal, emergency medicine, and anesthesiology. Based on end-user, the global portable ultrasound equipment market has been segmented into hospitals, clinics, ambulatory care centers, maternity centers, long-term care, home care, and others.
Geographically, the portable ultrasound equipment market has been divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account for the largest share of the market due to factors such as rising incidence of various diseases, government initiatives and support for technological advancements, and ease of reimbursement. Europe was the next lucrative market for portable ultrasound equipment. The global portable ultrasound equipment market in Asia Pacific is expected to be driven by improving health care infrastructure, rising disposable incomes, public growing awareness levels about the benefits of portable ultrasound procedures, increasing incidence of age related illnesses, and health care reforms initiated by governments in the region.
Key players in the global portable ultrasound equipment market are Clarius Mobile Health, Esaote SpA, FUJIFILM SonoSite, Inc., GE Healthcare, Hitachi Medical Systems, Koninklijke Philips B.V, Mindray Medical International Limited, Mobisante, Inc., Siemens Healthineers, Signostics, Inc., Teratech Corporation (Terason), Toshiba Medical Systems Corporation, and Verathon, Inc., among others.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.