The global portable ultrasound devices market size surpassed USD 2.22 billion in 2023 and is projected to cross around USD 3.83 billion by 2033, growing at a CAGR of 5.62% from 2024 to 2033.
Key Points
- The North America portable ultrasound devices market size accounted for USD 950 million in 2023 and is expected to attain around USD 1,670 million by 2033, poised to grow at a CAGR of 5.80% between 2024 and 2033.
- North America dominated the market with the largest revenue share of 43% in 2023.
- Asia Pacific is estimated to grow at the fastest CAGR of 6.72% during the forecast period.
- By type, the handheld segment has held the largest revenue share of 56% in 2023.
- By application, the obstetrics/gynecology segment has contributed a major revenue share of 47% in 2023.
- By application, the cardiovascular segment is estimated to expand at a solid CAGR of 7.12% during the forecast period.
- By technology, the Doppler ultrasound segment has generated more than 47% of revenue share in 2023.
- By technology, the 3D and 4D ultrasound segment is projected to grow at a notable CAGR of 8.05% during the forecast period.
- By end-use, the hospitals & clinics segment has held the maximum revenue share of 57% in 2023.
- By end-use, the homecare segment is growing at a CAGR of 7.04% during the forecast period.
The portable ultrasound devices market encompasses a range of compact, mobile ultrasound machines designed for use in diverse healthcare settings, including hospitals, clinics, and remote medical facilities. These devices provide real-time imaging capabilities, enabling diagnostic and therapeutic applications without the need for large, stationary equipment. Their portability enhances access to medical imaging, especially in underserved or remote areas, thereby playing a crucial role in point-of-care diagnostics.
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Growth Factors
Several factors are driving the growth of the portable ultrasound devices market. Advances in technology have significantly improved the resolution and functionality of portable ultrasound devices, making them competitive with traditional, larger systems. Additionally, the rising prevalence of chronic diseases, such as cardiovascular and musculoskeletal conditions, increases the demand for diagnostic imaging. The growing emphasis on minimally invasive procedures and the increasing adoption of home healthcare services further contribute to market expansion. Moreover, the integration of wireless technologies and AI in ultrasound devices enhances their diagnostic capabilities and user-friendliness.
Region Insights
The portable ultrasound devices market exhibits varying dynamics across different regions. North America holds a significant market share, driven by a well-established healthcare infrastructure, high adoption rates of advanced medical technologies, and substantial investments in healthcare innovation. Europe follows closely, with a strong focus on research and development and supportive government initiatives. The Asia-Pacific region is experiencing rapid market growth due to increasing healthcare expenditure, expanding healthcare infrastructure, and a rising awareness of early disease diagnosis. Emerging markets in Latin America and the Middle East & Africa are also showing promising growth potential, fueled by improving healthcare systems and growing demand for portable diagnostic tools.
Portable Ultrasound Devices Market Scope
Report Coverage | Details |
Portable Ultrasound Devices Market Growth Rate | CAGR of 5.62% from 2024 to 2033 |
Portable Ultrasound Devices Market Size in 2023 | USD 2.22 Billion |
Portable Ultrasound Devices Market Size in 2024 | USD 2.34 Billion |
Portable Ultrasound Devices Market Size by 2033 | USD 3.83 Billion |
Largest Market | North America |
Base Year | 2023 |
Forecast Period | 2024 to 2033 |
Segments Covered | Type, Application, Technology, End-Use, and Regions |
Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Portable Ultrasound Devices Market Dynamics
Drivers
Key drivers of the portable ultrasound devices market include the growing demand for point-of-care diagnostics and the increasing prevalence of chronic diseases requiring regular monitoring. The portability and ease of use of these devices enable healthcare providers to deliver timely and accurate diagnostics in various settings, including emergency care and remote areas. Technological advancements, such as enhanced imaging quality and the integration of AI for improved diagnostic accuracy, are also driving market growth. Additionally, the rising preference for minimally invasive diagnostic procedures is propelling the demand for portable ultrasound devices.
Opportunities
The market presents several opportunities for growth and innovation. The ongoing development of advanced ultrasound technologies, including 3D and 4D imaging, offers significant potential for market expansion. There is also an opportunity to address the needs of underserved populations in remote and rural areas by enhancing the portability and affordability of ultrasound devices. Collaborations between manufacturers and healthcare providers to develop tailored solutions for specific medical applications can further drive market growth. Additionally, the increasing adoption of telemedicine presents opportunities for integrating portable ultrasound devices into telehealth platforms, expanding their reach and utility.
Challenges
Despite the positive outlook, the portable ultrasound devices market faces certain challenges. High costs associated with advanced portable ultrasound systems can limit their adoption, particularly in developing regions. Technical limitations, such as lower image resolution compared to high-end stationary systems, can also pose challenges. Additionally, there is a need for specialized training for healthcare professionals to effectively use these devices, which can be a barrier in regions with limited training resources. Regulatory hurdles and the need for continuous innovation to keep pace with evolving medical standards are other challenges that manufacturers need to address.
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Portable Ultrasound Devices Market Recent Developments
- In May 2024, Esaote SPA launched a portable ultrasound system named ‘MyLab Omega eXP VET.’ This system will help veterinarians examine animals with a high level of flexibility and accuracy in diagnostic imaging. It also covers animals of all species and ensures high performance, ranging from general imaging and echocardiography to interventional procedures.
- In April 2024, Butterfly announced that the FDA had approved its next-generation handheld point-of-care ultrasound (POCUS) system named iQ3. This new device features a new ergonomic design and delivers high data processing speed for optimized image resolution and accuracy for the detection of various body parts.
- In November 2023, Aco Healthcare launched its new handheld ultrasound system, Apache Neo. This system features microwave-beamforming imaging technology that provides high-resolution medical images and accurate diagnosis to enhance patients’ overall medical experience.
- In September 2023, Mindray Medical International Limited launched the TE Air wireless handheld ultrasound device. This device offers multi-device connectivity and flexible charging options. It also produces high-quality images and ensures accessibility in critical clinical scenarios.
- In August 2023, GE HealthCare launched Vscan Air SL, a wireless handheld ultrasound device designed to accelerate the imaging process during cardiac and vascular problems. This device comes with GE HealthCare’s proprietary XDclear and SignalMax technology to enhance resolution and improve imaging performance.
Portable Ultrasound Devices Market Companies
- General Electric Company
- Siemens
- Clarius Mobile Health
- Koninklijke Philips N.V.
- SAMSUNG
- FUJIFILM Holdings Corporation
- Shenzhen Mindray Bio-medical Electronics Co., Ltd.
- Canon Inc.
- BenQ Corporation
- ESAOTE SPA
- Hitachi
- Butterfly Network
Segments Covered in the Report
By Type
- Laptop-based
- Handheld
By Application
- Obstetrics/Gynecology
- Cardiovascular
- Urology
- Gastric
- Musculoskeletal
- Others
By Technology
- 2D Ultrasound
- 3D & 4D Ultrasound
- Doppler Ultrasound
- High-intensity Focused Ultrasound
By End-Use
- Hospitals & Clinics
- Home Care
- Others
By Geography
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East & Africa
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