Portable Ultrasound Devices Market By Segments (Mobile Ultrasound Devices And Handheld Ultrasound Devices), By End user ( Cardiovascular, Obstetrics / Gynecology, Gastro, Musculoskeletal And Point of Care / Others), By Trends, By Geography - Global Forecasts To 2022

Starting Price : $ 4000.00 | Pages : 84 | Published : June 2019 | SKU CODE : o&s105 | Format :

Request Sample

Portable Ultrasound Devices Market Definition

The portable ultrasound devices market consists of the sales of portable ultrasound devices and related services by entities (organizations, sole traders and partnerships) that manufacture portable ultrasound devices for use in the healthcare industry.

Ultrasound imaging is an imaging method in which high frequency sounds waves, usually 1-20 MHz, are transmitted into the body, encountering tissues, organs, fluids, gases, and bones. The waves are both absorbed and reflected by the different materials and interfaces within the human body. The reflection or echo, then returns back to the transmitter, forming an image of the target.

A portable ultrasound device is a diagnostic imaging equipment that is small in size and light in weight, and can be moved easily from one place to other. These devices are easy to carry and useful for short duration treatments.

Portable Ultrasound Devices Market Size

The global portable ultrasound devices market was valued at $3,036.0 million in 2018, having grown at a compound annual growth rate (CAGR) of more than 21% since 2014. The market is expected to grow at a CAGR of 22.6% to nearly $6,856.2 million by 2022.

Growth in historic period resulted from rapid technological advances coupled with large-scale investments in the healthcare industry, support from governments and private organizations for research and development that resulted in innovations, and increased size of the aging populations with mobility issues. Factors that negatively affected growth in the historic period were high costs of maintenance of portable ultrasound devices, and privacy and security concerns about patients’ data.

Going forward, advances in low power consumption and charging technologies, increasing number of patients with chronic diseases, and increasing awareness about portable medical devices will drive the growth. Factors that could hinder the growth of the portable ultrasound devices market in the future include rising interest rates, and insufficient public health insurance coverage, especially in developing economies.

Portable Ultrasound Devices Market Drivers

The Key drivers of the portable ultrasound devices market during 2014-2018 include:

Increased Size Of The Aging Populations - During the historic period, increased size of the aging populations drove the demand for portable ultrasound devices. Advances in healthcare and life-saving technologies improved the overall life expectancy of the global population. During 2014-2017, the number of people globally over the age of 65 grew from below 450 million to 601 million, an increase of 33%, according to estimates of Population Reference Bureau data. The rise in the size of aging populations can be attributed to the increased life expectancy rates in developed and developing countries following the developments in the healthcare industries. The susceptibility of gastrointestinal or digestive problems and increase in the incidences of cardiovascular diseases with age made the aging populations a major consumer segment of the portable ultrasound devices market. The increased need for healthcare services and growing healthcare expenditures are also expected to drive the adoption of mobile ultrasound devices to reduce costs and provide quality services.

Portable Ultrasound Devices Market Restraints

The key restraints on the portable ultrasound device market during 2014-2018 include:

High Prices Of Portable Ultrasound Devices-During the historic period, the limited affordability of portable ultrasound devices due to their high prices proved to be a restraint on the portable ultrasound devices market. The prices of portable ultrasound systems generally depend on the type of functions and diagnosis offered by the systems. Portable ultrasound machines with lower quality images than stand-alone nonportable ultrasound devices retail for $50,000 to $100,000. High price tags on portable ultrasound devices restrain people’s spending, as on average, people spend $56.8 a year on medical devices, from purchasing the devices for the home use. Additionally, portable ultrasound systems require regular battery replacements, recharging and frequent maintenance that lead to additional costs for the owners of the devices. High prices of portable ultrasound devices hindered the growth of the market during 2014-2018.

Opportunities And Recommendations In The Portable Ultrasound Devices Market

Opportunities – The top opportunities in the portable ultrasound devices market by type of device will arise in the mobile ultrasound devices segment, which will gain $2,767.7 million of global annual sales by 2022. The top opportunities in the portable ultrasound devices market by type of end-use application will arise in the point of care/other applications segment, which will gain $1,534.6 million of global annual sales by 2022. The portable ultrasound devices market size will gain the most in the Americas at $1,646.4 million. Player-adopted strategies in the portable ultrasound devices industry include strengthening healthcare expertise by focusing on the core healthcare business through divestment strategies, expanding company’s capabilities through acquisitions, and focusing on innovations of products and technologies through strong research and development initiatives.

Recommendations - To take advantage of the opportunities such as these, TBRC recommends a range of strategies for portable ultrasound devices manufacturers. These include focusing on safeguarding patient data to mitigate any risks from cyber threats, targeting cardiologists, who tend to perform their own image acquisition in addition to image interpretation, focusing on innovations in portable ultrasound device product lines to increase market share, and focusing on strategic partnerships with technology companies.

Portable Ultrasound Devices Market Segmentation

The Portable ultrasound devices market is segmented by type of device, by end-use application, and by geography.
Segmentation by Type of Device The Portable ultrasound devices market can be segmented by type of device into
    • a) Mobile Ultrasound Devices
    • b) Handheld Ultrasound Devices
Handheld ultrasound devices had the highest growth rate of 29.9% during the historic period. The growth in the historic period can be attributed to the demand for handheld ultrasound devices used in abdominal, pelvic, fetal, peripheral vessel and cardiac imaging.
Segmentation by Type of End-Use Application The portable ultrasound devices market can be segmented by end-use application into
    • a) Cardiovascular
    • b) Obstetrics / Gynecology
    • c) Gastro
    • d) Musculoskeletal
    • e) Point of Care / Others
Point of Care / Others segment had the highest growth rate of 23.2% during the historic period. The growth in the historic period can be attributed to the increased applications of portable ultrasound devices used in dermatology, critical care medicine, anesthesia and ophthalmology.
Segmentation by Geography The portable ultrasound devices market can be segmented by geography into
    • a) Americas
    • b) Europe
    • c) Asia-Pacific
    • d) MEA
The Americas was the largest region in the global portable ultrasound devices market accounting for almost 44.6% of the global market. It was followed by Europe, Asia-Pacific and MEA. Going forward, Asia-Pacific, and Europe will be the fastest growing regions in this market.

Portable Ultrasound Devices Competitive Landscape

Major Competitors are:
    • • General Electric Company
    • • Koninklijke Philips N.V.
    • • Siemens Healthineers
    • • Canon Inc.
    • • FUJIFILM – SonoSite
    • • Analogic Corporation
    • • The Esaote Group
    • • ZONARE (Mindray)
    • • Signostics
    • • Interson

  1. 1. Portable Ultrasound Devices Market Executive Summary
  2. 2. Table Of Contents
  3. 3. List Of Figures
  4. 4. List Of Tables
  5. 5. Report Structure
  6. 6. Introduction
    • 6.1.Segmentation By Geography
    • 6.2.Segmentation By Type Of Device
    • 6.3.Segmentation By Type Of End-Use Application
  7. 7. Portable Ultrasound Devices Market Characteristics
    • 7.1. Market Definition
    • 7.2. Segmentation By Type Of Device
      • 7.2.1.Mobile Ultrasound Devices
      • 7.2.2.Handheld Ultrasound Devices
    • 7.3. Segmentation By Type Of End-Use Application
      • 7.3.1.Cardiovascular
      • 7.3.2.Obstetric/Gynecological
      • 7.3.3.Gastro
      • 7.3.4.Musculoskeletal
      • 7.3.5.Point Of Care/Others
  8. 8. Global Portable Ultrasound Devices Market Size And Growth
    • 8.1. Market Size
    • 8.2. Historic Market Growth, Value ($ Million)
      • 8.2.1.Drivers Of The Market
      • 8.2.2.Restraints On The Market
    • 8.3. Forecast Market Growth, Value ($ Million)
      • 8.3.1.Drivers Of The Market
      • 8.3.2.Restraints On The Market
  9. 9. Global Portable Ultrasound Devices Market Regional Analysis
    • 9.1. Global Portable Ultrasound Devices Market, 2018, By Region, Value ($ Million)
    • 9.2. Global Portable Ultrasound Devices Market, 2014 – 2022, Historic And Forecast, By Region
    • 9.3. Global Portable Ultrasound Devices Market, Growth And Market Share Comparison, By Region
  10. 10. Global Portable Ultrasound Devices Market Segmentation
    • 10.1. Global Portable Ultrasound Devices Market, Segmentation By Type Of Device, 2014 – 2022, Value ($ Million)
    • 10.2. Global Portable Ultrasound Devices Market, Segmentation By Type Of End-Use Application, 2014 – 2022, Value ($ Million)
  11. 11. The Americas Portable Ultrasound Devices Market
    • 11.1. The Americas Portable Ultrasound Devices Market, 2014 – 2022, By Type Of Device, Value ($ Million)
    • 11.2. The Americas Portable Ultrasound Devices Market Size, 2014 – 2022, By Type Of End-Use Application, Value ($ Million)
  12. 12. Europe Portable Ultrasound Devices Market
    • 12.1. Europe Portable Ultrasound Devices Market Size, Growth And Segmentation By Type Of Device, 2014 – 2022, Value ($ Million)
    • 12.2. Europe Portable Ultrasound Devices Market Size, 2014 – 2022, By Type Of End-Use Application, Value ($ Million)
  13. 13. Asia-Pacific Portable Ultrasound Devices Market
    • 13.1. Asia-Pacific Portable Ultrasound Devices Market, 2014 – 2022, By Type Of Device, Value ($ Million)
    • 13.2. Asia-Pacific Portable Ultrasound Devices Market Size, By Type Of End-Use Application, 2014 – 2022, Value ($ Million)
  14. 14. Middle East And Africa (MEA) Portable Ultrasound Devices Market
    • 14.1. MEA Portable Ultrasound Devices Market Size, 2014 – 2022, By Type Of Device, Value ($ Million)
    • 14.2. MEA Portable Ultrasound Devices Market Size, 2014 – 2022, By Type Of End-Use Application, Value ($ Million)
  15. 15. Global Portable Ultrasound Devices Market Competitive Landscape
    • 15.1. Company Profiles
    • 15.2. General Electric (GE) Company
      • 15.2.1. Company Overview
      • 15.2.2. Products And Services
      • 15.2.3. Business Strategy
      • 15.2.4. Recent Developments
      • 15.2.5. Financial Overview
    • 15.3. Koninklijke Philips N.V.
      • 15.3.1. Company Overview
      • 15.3.2. Products And Services
      • 15.3.3. Business Strategy
      • 15.3.4. Recent Developments
      • 15.3.5. Financial Overview
    • 15.4. Siemens Healthineers
      • 15.4.1. Company Overview
      • 15.4.2. Products And Services
      • 15.4.3. Business Strategy
      • 15.4.4. Recent Developments
      • 15.4.5. Financial Overview
    • 15.5. Canon Inc.
      • 15.5.1. Company Overview
      • 15.5.2. Products And Services
      • 15.5.3. Business Strategy
      • 15.5.4. Recent Developments
      • 15.5.5. Financial Overview
    • 15.6. FUJIFILM SonoSite
      • 15.6.1. Company Overview
      • 15.6.2. Products And Services
      • 15.6.3. Business Strategy
      • 15.6.4. Recent Developments
      • 15.6.5. Financial Overview
    • 15.7. Analogic Corporation
      • 15.7.1. Company Overview
      • 15.7.2. Products And Services
      • 15.7.3. Business Strategy
      • 15.7.4. Recent Developments
      • 15.7.5. Financial Overview
    • 15.8. The Esaote Group
      • 15.8.1. Company Overview
      • 15.8.2. Products And Services
      • 15.8.3. Business Strategy
      • 15.8.4. Recent Developments
      • 15.8.5. Financial Overview
    • 15.9. ZONARE
      • 15.9.1. Company Overview
      • 15.9.2. Products And Services
      • 15.9.3. Business Strategy
      • 15.9.4. Recent Developments
      • 15.9.5. Financial Overview
    • 15.10. Signostics
      • 15.10.1. Company Overview
      • 15.10.2. Products And Services
      • 15.10.3. Business Strategy
      • 15.10.4. Recent Developments
      • 15.10.5. Financial Overview
    • 15.11. Interson
      • 15.11.1. Company Overview
      • 15.11.2. Products And Services
      • 15.11.3. Business Strategy
      • 15.11.4. Recent Developments
      • 15.11.5. Financial Overview
  16. 16. Global Portable Ultrasound Devices Market Opportunities And Strategies
    • 16.1. Global Portable Ultrasound Devices Market In 2022 – Segment By Type Of Device Offering Most New Opportunities
    • 16.2. Global Portable Ultrasound Devices Market In 2022 – Segments By Type Of End-Use Application Offering Most New Opportunities
    • 16.3. Global Portable Ultrasound Devices Market In 2022 – Regions Offering Most New Opportunities
    • 16.4. Global Portable Ultrasound Devices Market In 2022 – Growth Strategies
  17. 17. Global Portable Ultrasound Devices Market, Conclusions And Recommendations
    • 17.1. Conclusions
    • 17.2. Recommendations
      • 17.2.1. Product
      • 17.2.2. Place
      • 17.2.3. Price
      • 17.2.4. Promotion
      • 17.2.5. People
  18. 18. Appendix
    • 18.1. Market Data Sources
    • 18.2. Definitions Of Industry Covered In This Report
    • 18.3. Research Methodology
    • 18.4. Currencies
    • 18.5. Research Inquiries
    • 18.6. The Business Research Company
  19. 19. Copyright And Disclaimer

List Of Tables

    Table 1: Global Portable Ultrasound Devices Market, Historic Market Size, 2014 – 2018, $ Million
  • Table 2: Average Life Expectancy, Top Ranked Countries
  • Table 3: Global Portable Ultrasound Devices Market, Forecast Market Size, 2018 – 2022, $ Million
  • Table 4: Global Portable Ultrasound Devices Market, Split By Region, 2018, $ Million
  • Table 5: Global Portable Ultrasound Devices Market, 2014-2022, Historic And Forecast Growth Rate, Split By Region
  • Table 6: Global Portable Ultrasound Devices Market, Growth And Market Share Comparison, By Region
  • Table 7: Global Portable Ultrasound Devices Market, Segmentation By Type Of Device, 2014 – 2022, Value, $ Million
  • Table 8: Global Portable Ultrasound Devices Market, Segmentation By Type Of End-Use Application, 2014 - 2022, $ Million
  • Table 9: The Americas Portable Ultrasound Devices Market, 2014 – 2022, By Type Of Device, Value ($ Million)
  • Table 10: The Americas Portable Ultrasound Devices Market, 2014 – 2022, By Type Of End-Use Application, Value ($ Million)
  • Table 11: Europe Portable Ultrasound Devices Market, 2014 – 2022, By Type Of Device, Value ($ Million)
  • Table 12: Europe Portable Ultrasound Devices Market, 2014 – 2022, By Type Of End-Use Application, Value ($ Million)
  • Table 13: Asia Pacific Portable Ultrasound Devices Market, 2014 – 2022, By Type Of Device, Value ($ Million)
  • Table 14: Asia-Pacific Portable Ultrasound Devices Market, 2014 – 2022, By Type Of End-Use Application, Value ($ Million)
  • Table 15: MEA Portable Ultrasound Devices Market, 2014 – 2022, By Type Of Device, Value ($ Million)
  • Table 16: MEA Portable Ultrasound Devices Market, Market Size, 2014 – 2022, By Type Of End-Use Application, Value ($ Million)
  • Table 17: Global Portable Ultrasound Devices Global Market, Top 10 Competitors With Estimated Revenues, 2018, $ Millions
  • Table 18: GE – Financial Performance, $ Billion
  • Table 19: Koninklijke Philips N.V. – Financial Performance, $ Billion
  • Table 20: Siemens Healthineers – Financial Performance, $ Billion
  • Table 21: Canon Inc. – Financial Performance, $ Billion
  • Table 22: Fujifilm Holdings – Financial Performance, $ Billion
  • Table 23: Global Portable Ultrasound Devices Market Size Gain ($ Million), 2018 – 2022, By Type Of Device
  • Table 24: Global Portable Ultrasound Devices Market Size Gain ($ Million), 2018 – 2022, By Type Of End-Use Application
  • Table 25: Global Portable Ultrasound Devices Market Size Gain ($ million), 2018 – 2022, By Region
  • Table 26: Portable Ultrasound Devices Market Data Sources

List Of Figures

    Figure 1: Global Portable Ultrasound Devices Market Segmentation By Type Of Device
  • Figure 2: Global Portable Ultrasound Devices Market Segmentation By Type Of End-Use Application
  • Figure 3: Global Portable Ultrasound Devices Market, Historic Market Size, 2014 – 2018, $ Million
  • Figure 4: Life Expectancy At Birth: World And Development Regions, 1950 - 2100
  • Figure 5:  Global Portable Ultrasound Devices Market, Forecast Market Size, 2018 – 2022, $ Million
  • Figure 6: Global Portable Ultrasound Devices Market, Split By Region, 2018, $ Million
  • Figure 7: Global Portable Ultrasound Devices Market, 2014 – 2022, Historic And Forecast Growth Rate, Split By Region
  • Figure 8: Global Portable Ultrasound Devices Market, Growth And Market Share Comparison, By Region
  • Figure 9: Global Portable Ultrasound Devices Market, Segmentation By Type Of Device, 2014 - 2022, $ Million
  • Figure 10: Global Portable Ultrasound Devices Market, Segmentation By Type Of End-Use Application, 2014 – 2022, $ Million
  • Figure 11: The Americas Portable Ultrasound Devices Market, 2014 – 2022, By Type Of Device, Value ($ Million)
  • Figure 12: The Americas Portable Ultrasound Devices Market, 2014 – 2022, By Type Of End-Use Application, Value ($ Million)
  • Figure 13: Europe Portable Ultrasound Devices Market, 2014 – 2022, By Type Of Device, Value ($ Million)
  • Figure 14: Europe Portable Ultrasound Devices Market, 2014 – 2022, By Type Of End-Use Application, Value ($ Million)
  • Figure 15: Asia-Pacific Portable Ultrasound Devices Market, 2014 – 2022, By Type Of Device, Value ($ Million)
  • Figure 16: Asia-Pacific Portable Ultrasound Devices Market, 2014 – 2022, By Type Of End-Use Application, Value ($ Million)
  • Figure 17: MEA Portable Ultrasound Devices Market, 2014 – 2022, By Type Of Device, Value ($ Million)
  • Figure 18: MEA Portable Ultrasound Devices Market, 2014 – 2022, By Type Of End-Use Application, Value ($ Million)
  • Figure 19: GE  – Financial Performance, $ Billion
  • Figure 20: Koninklijke Philips N.V.  – Financial Performance, $ Billion
  • Figure 21: Siemens Healthineers – Financial Performance, $ Billion
  • Figure 22: Canon Inc. – Financial Performance, $ Billion
  • Figure 23: Fujifilm Holdings – Financial Performance, $ Billion
The Minor Orthopedic Implants Market Was Driven By The Increased Number Of Advanced Surgical Procedures, Especially For Shoulder Replacements
Increased Healthcare Expenditure Drove The Fetal And Neonatal Monitoring Devices Market
Charge Portable Medical Devices From Wi-Fi In The Air!
Growth In The Number Of Patients With Chronic Diseases Will Drive The Portable Ultrasound Devices Industry
New Product Launches And Use Of Portable Systems In The Anesthesia And Respiratory Devices Industrye Of Portable Systems In The Anesthesia And Respiratory Devices Industry
Use Of IoT And Wireless Sensor Technology In The Patient Monitoring Devices Market
Diabetes Care Devices Market | Characteristics, Forecast Size, Trends
Global Diabetes Test Strips Market | Characteristics, Forecast Size, Trends
Portable Ultrasound Devices Market By Segments (Mobile Ultrasound Devices And Handheld Ultrasound Devices), By End user ( Cardiovascular, Obstetrics / Gynecology, Gastro, Musculoskeletal And Point of Care / Others), By Trends, By Geography - Global Forecasts To 2022
View Report
Portable X-Ray Devices Market By Segmentations (Mobile X-Ray Devices, Handheld X-Ray Devices), By Types (Computed Radiography X-Ray Devices, Digital X-Ray Devices and Analog X-Ray), By Trends, By Geography – Global Forecasts to 2022
View Report
In-Vitro Diagnostics Global Market Report 2019
View Report
Dental Equipment And Supplies Global Market Report 2019
View Report
Ophthalmic Devices Global Market Report 2019
View Report
Diagnostic Equipment Global Market Report 2019
View Report
Cardiovascular Devices Global Market Report 2019
View Report
Hospital Supplies Global Market Report 2019
View Report

Call Us

+1 3156230293

(Americas)

+44 2071930708

(Europe)

+91 8897263534

(Asia & Others)