Market Overview:
The global portable ultrasound equipment market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for minimally invasive surgeries and rising prevalence of chronic diseases. In addition, technological advancements in portable ultrasound equipment are also contributing to the growth of this market. Based on type, the global portable ultrasound equipment market is segmented into cart-/trolley-based ultrasound equipment and handheld ultrasound equipment. The cart-/trolley-based ultrasound equipment segment is expected to account for a larger share of the global portable ultrasound equipment market than the handheld ultrasonography segment during the forecast period from 2018 to 2030. This can be attributed to factors such as increased efficiency and accuracy offered by these devices compared with handheld ultrasonography devices and growing demand for advanced technologies in medical imaging procedures. Based on application, the global portable ultrasound equipmentsmarket is divided into hospital, clinic, and home care segments.
Product Definition:
Portable ultrasound equipment is a type of medical device that uses high-frequency sound waves to create images of the inside of the body. These images can be used to help diagnose medical conditions, guide procedures, and monitor treatment progress. Portable ultrasound equipment is important because it allows healthcare providers to quickly and easily obtain diagnostic images in a variety of settings.
Cart-/Trolley-Based Ultrasound Equipment:
Cart/trolley-based ultrasound equipment is a category of medical devices used to obtain real-time images of the fetus and it's surroundings. The device works on the principle of sound waves, which are generated by an electrical current passed through water. These waves cause vibrations in the tissues, which create an image inside the patient’s body.
Handheld Ultrasound Equipment:
Handheld ultrasound equipment is used to obtain images of the internal organs and tissues by sending high frequency sound waves into the body. The ultrasound imaging system works on the principle of elasticity or vibration of molecules. It creates an image by receiving, amplifying and transmitting back to receive signals.
Application Insights:
Based on application, the market is segmented into hospital, clinic, and home care. The hospital segment dominated the overall industry in terms of revenue in 2017. This is due to an increase in demand for ultrasound equipment by hospitals across the globe to improve diagnostic procedures and reduce treatment time. According to a study published by NCBI, it was observed that out of 1144 studies involving 1 million patients; only 6% were conducted at a clinical research facility but more than 90% of studies were conducted at a rural or remote site with limited resources available. Therefore, increasing demand for ultrasound equipment at rural/remote sites will help reduce treatment time as well as facilitate effective diagnosis during emergencies where immediate medical attention is required.
The clinic segment will expand at the highest CAGR over the forecast period owing to factors such as rising awareness about diseases & conditions among geriatric population & women; increasing number of cosmetic surgeries including breast augmentation.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced technology, and favorable reimbursement policies are some factors responsible for its large share. Moreover, increasing demand for technologically advanced devices is anticipated to drive the regional market further.
Asia Pacific is expected to be the fastest-growing region during the forecast period owing to rising product penetration and improving healthcare facilities in emerging countries such as China and India. In addition, an increase in government initiatives aimed at reducing maternal mortality rates is also likely to contribute toward growth over coming years.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily owing to the increasing prevalence of lifestyle diseases, technological advancements in surgical procedures, and rising healthcare expenditure. Portable ultrasound equipment finds extensive use in minimally invasive surgeries as it offers real-time images and helps surgeons make better decisions during the surgery.
- Growing geriatric population: The global geriatric population is expected to reach 1.6 billion by 2020, accounting for nearly 21% of the world’s population. This growing segment of the population is more susceptible to lifestyle diseases such as cancer, heart disease, and stroke which require timely diagnosis and treatment using portable ultrasound equipment..
Scope Of The Report
Report Attributes
Report Details
Report Title
Portable Ultrasound Equipment Market Research Report
By Type
Cart-/Trolley-Based Ultrasound Equipment, Handheld Ultrasound Equipment
By Application
Hospital, Clinic, Home Care
By Companies
GE, Philips, Siemens, Fujifilm, Toshiba, Samsung, Hitachi, Mindray Medical, Boston Scientific, BenQ Medical, Chison, Ecare, Esaote, Telemed, Zoncare, MedGyn
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Portable Ultrasound Equipment Market Report Segments:
The global Portable Ultrasound Equipment market is segmented on the basis of:
Types
Cart-/Trolley-Based Ultrasound Equipment, Handheld Ultrasound Equipment
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinic, Home Care
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE
- Philips
- Siemens
- Fujifilm
- Toshiba
- Samsung
- Hitachi
- Mindray Medical
- Boston Scientific
- BenQ Medical
- Chison
- Ecare
- Esaote
- Telemed
- Zoncare
- MedGyn
Highlights of The Portable Ultrasound Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Cart-/Trolley-Based Ultrasound Equipment
- Handheld Ultrasound Equipment
- By Application:
- Hospital
- Clinic
- Home Care
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Portable Ultrasound Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Portable ultrasound equipment is a type of medical device that can be moved from one place to another for use in medical procedures. It consists of a transducer, which sends sound waves through the body, and a receiver, which captures the sound waves and transmits them to an electronic device. Portable ultrasound equipment is often used in diagnostic procedures such as sonography or obstetrics.
Some of the major companies in the portable ultrasound equipment market are GE, Philips, Siemens, Fujifilm, Toshiba, Samsung, Hitachi, Mindray Medical, Boston Scientific, BenQ Medical, Chison, Ecare, Esaote, Telemed, Zoncare, MedGyn.
The portable ultrasound equipment market is expected to register a CAGR of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Portable Ultrasound Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Portable Ultrasound Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Portable Ultrasound Equipment Market - Supply Chain
4.5. Global Portable Ultrasound Equipment Market Forecast
4.5.1. Portable Ultrasound Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Portable Ultrasound Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Portable Ultrasound Equipment Market Absolute $ Opportunity
5. Global Portable Ultrasound Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Portable Ultrasound Equipment Market Size and Volume Forecast by Type
5.3.1. Cart-/Trolley-Based Ultrasound Equipment
5.3.2. Handheld Ultrasound Equipment
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Portable Ultrasound Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Portable Ultrasound Equipment Market Size and Volume Forecast by Application
6.3.1. Hospital
6.3.2. Clinic
6.3.3. Home Care
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Portable Ultrasound Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Portable Ultrasound Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Portable Ultrasound Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Portable Ultrasound Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Portable Ultrasound Equipment Demand Share Forecast, 2019-2026
9. North America Portable Ultrasound Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Portable Ultrasound Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Portable Ultrasound Equipment Market Size and Volume Forecast by Application
9.4.1. Hospital
9.4.2. Clinic
9.4.3. Home Care
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Portable Ultrasound Equipment Market Size and Volume Forecast by Type
9.7.1. Cart-/Trolley-Based Ultrasound Equipment
9.7.2. Handheld Ultrasound Equipment
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Portable Ultrasound Equipment Demand Share Forecast, 2019-2026
10. Latin America Portable Ultrasound Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Portable Ultrasound Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Portable Ultrasound Equipment Market Size and Volume Forecast by Application
10.4.1. Hospital
10.4.2. Clinic
10.4.3. Home Care
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Portable Ultrasound Equipment Market Size and Volume Forecast by Type
10.7.1. Cart-/Trolley-Based Ultrasound Equipment
10.7.2. Handheld Ultrasound Equipment
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Portable Ultrasound Equipment Demand Share Forecast, 2019-2026
11. Europe Portable Ultrasound Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Portable Ultrasound Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Portable Ultrasound Equipment Market Size and Volume Forecast by Application
11.4.1. Hospital
11.4.2. Clinic
11.4.3. Home Care
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Portable Ultrasound Equipment Market Size and Volume Forecast by Type
11.7.1. Cart-/Trolley-Based Ultrasound Equipment
11.7.2. Handheld Ultrasound Equipment
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Portable Ultrasound Equipment Demand Share, 2019-2026
12. Asia Pacific Portable Ultrasound Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Portable Ultrasound Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Portable Ultrasound Equipment Market Size and Volume Forecast by Application
12.4.1. Hospital
12.4.2. Clinic
12.4.3. Home Care
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Portable Ultrasound Equipment Market Size and Volume Forecast by Type
12.7.1. Cart-/Trolley-Based Ultrasound Equipment
12.7.2. Handheld Ultrasound Equipment
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Portable Ultrasound Equipment Demand Share, 2019-2026
13. Middle East & Africa Portable Ultrasound Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Portable Ultrasound Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Portable Ultrasound Equipment Market Size and Volume Forecast by Application
13.4.1. Hospital
13.4.2. Clinic
13.4.3. Home Care
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Portable Ultrasound Equipment Market Size and Volume Forecast by Type
13.7.1. Cart-/Trolley-Based Ultrasound Equipment
13.7.2. Handheld Ultrasound Equipment
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Portable Ultrasound Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Portable Ultrasound Equipment Market: Market Share Analysis
14.2. Portable Ultrasound Equipment Distributors and Customers
14.3. Portable Ultrasound Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. GE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Philips
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Siemens
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fujifilm
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Toshiba
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Samsung
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hitachi
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mindray Medical
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Boston Scientific
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. BenQ Medical
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Chison
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Ecare
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Esaote
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Telemed
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Zoncare
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. MedGyn
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
