by The global portable ultrasound devices market size reached USD 2.22 billion in 2023 and is predicted to be worth 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 has seen significant growth in recent years, driven by advancements in medical technology and increasing demand for point-of-care diagnostics. Portable ultrasound devices are compact, mobile imaging systems used to visualize internal organs, tissues, and blood flow in real-time. They are widely used in various medical fields, including emergency medicine, cardiology, obstetrics, and musculoskeletal care, providing critical information that aids in diagnosis and treatment. The market encompasses a range of products, from handheld devices to laptop-based systems, each offering varying degrees of portability and functionality.
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Growth Factors
Several factors contribute to the growth of the portable ultrasound devices market. Key among these is the rising prevalence of chronic diseases and conditions such as cardiovascular diseases, cancer, and musculoskeletal disorders, which require regular monitoring and diagnostic imaging. Technological advancements, such as enhanced image quality, wireless connectivity, and integration with artificial intelligence (AI) for improved diagnostic accuracy, are also driving market growth. Additionally, the increasing adoption of telemedicine and remote healthcare services has bolstered demand for portable ultrasound devices, as they enable remote diagnosis and patient monitoring.
Region Insights
Regionally, North America dominates the portable ultrasound devices market, largely due to its advanced healthcare infrastructure, high healthcare expenditure, and early adoption of innovative medical technologies. The United States, in particular, leads the market with significant investments in healthcare research and development. Europe follows closely, with countries like Germany, the United Kingdom, and France being major contributors due to their robust healthcare systems and increasing geriatric population. The Asia-Pacific region is expected to witness the fastest growth, driven by improving healthcare infrastructure, rising healthcare awareness, and increasing disposable income in emerging economies such as China and India.
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
Several key drivers are propelling the portable ultrasound devices market forward. The increasing focus on early diagnosis and preventive healthcare is a major driver, as portable ultrasound devices facilitate quick and accurate diagnostics. The growing preference for minimally invasive procedures also supports market growth, as ultrasound technology is non-invasive and safer compared to other imaging modalities. Furthermore, the convenience and mobility offered by portable ultrasound devices make them ideal for use in emergency settings, rural and remote areas, and during home healthcare visits.
Opportunities
The portable ultrasound devices market presents numerous opportunities for growth and innovation. The integration of AI and machine learning in ultrasound imaging offers significant potential for enhancing diagnostic accuracy and efficiency. Development of more affordable and user-friendly devices can open up new markets, particularly in developing countries where access to advanced medical equipment is limited. Moreover, expanding applications of portable ultrasound in veterinary medicine, sports medicine, and military healthcare present untapped opportunities for market expansion.
Challenges
Despite its growth prospects, the portable ultrasound devices market faces several challenges. High initial costs and ongoing maintenance expenses can be a barrier for small healthcare facilities and clinics. Additionally, the need for skilled operators to ensure accurate diagnostics remains a critical issue, as improper use can lead to misdiagnosis. Regulatory hurdles and the lengthy approval process for new devices can also slow down market growth. Furthermore, competition from other imaging modalities, such as MRI and CT scans, poses a challenge to the widespread adoption of portable ultrasound devices.
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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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