Portable Ultrasound Devices Market Worth $3.15 Billion By 2030

Portable Ultrasound Devices Market Growth & Trends

The global portable ultrasound devices market size is expected to reach USD 3.15 billion by 2030, based on a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 5.6% from 2022 to 2030. 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 2021, 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.

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Portable Ultrasound Devices Market Report Highlights

• By product, the hand-held ultrasound segment accounted for the largest revenue share of over 55.0% in 2021 owing to the easy accessibility through the internet outside of local or specific networks

• The obstetrics/gynecology application segment dominated the market and held a revenue share of over 45.0% in 2021. Hand-held and laptop-based devices with high-end imaging techniques are crucial in most cases

• The Doppler ultrasound technology segment dominated the market and held a revenue share of over 45.0% in 2021 owing to its adoption by healthcare professionals as it is a non-invasive diagnostic procedure that uses flowing red blood cells to reflect high-frequency sound radiation to assess the blood flow in the arteries

• The hospitals and clinics end-use segment dominated the market and held a revenue share of over 55.0% in 2021 owing to its small size and clear image quality, which offers fast diagnosis in case of emergency

• North America dominated the market and accounted for a revenue share of over 40.0% in 2021 owing to the rapid advancements in the medical sector and the allocation of funds for medical R&D in the region. Asia Pacific is anticipated to expand at the fastest CAGR of 6.7% over the forecast period. This is attributed to the growing elderly population and demand for advanced healthcare devices from economies such as India, China, and Japan

Portable Ultrasound Devices Market Segmentation

Grand View Research has segmented the global portable ultrasound devices market based on type, application, technology, end-use, and region:

Portable Ultrasound Devices Type Outlook (Revenue, USD Million, 2017 - 2030)

• Handheld

• Laptop-based

Portable Ultrasound Devices Application Outlook (Revenue, USD Million, 2017 - 2030)

• Obstetrics/Gynecology

• Cardiovascular

• Urology

• Gastric

• Musculoskeletal

• Others

Portable Ultrasound Devices Technology Outlook (Revenue, USD Million, 2017 - 2030)

• 2D Ultrasound

• 3D & 4D Ultrasound

• Doppler Ultrasound

• High-intensity Focused Ultrasound

Portable Ultrasound Devices End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Hospitals & Clinics

• Home Care

• Others

Portable Ultrasound Devices Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

  • U.S.

  • Canada

• Europe

  • U.K.

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • China

  • India

• Latin America

  • Brazil

  • Mexico

• Middle East and Africa

  • South Africa

List of Key Players in Portable Ultrasound Devices Market

• General Electric Company

• Siemens

• Koninklijke Philips N.V.

• SAMSUNG

• FUJIFILM Holdings Corporation

• Shenzhen Mindray Bio-medical Electronics Co., Ltd.

• Canon Inc.

• BenQ Corporation