Portable Ultrasound Market Overview
As per MRFR analysis, the Portable Ultrasound Market Size was estimated at 3.55 (USD Billion) in 2022.
The Portable Ultrasound Market is expected to grow from 3.88(USD Billion) in 2023 to 8.8 (USD Billion) by 2032. The Portable Ultrasound Market CAGR (growth rate) is expected to be around 9.51% during the forecast period (2024 - 2032).
Key Portable Ultrasound Market Trends Highlighted
A few major factors are driving the worldwide portable ultrasound market. One is that ultrasonic imaging is becoming more and more necessary for a variety of medical applications, including emergency care, obstetrics and gynecology, and cardiology.
Compact, lightweight, and affordable, portable ultrasound systems are a desirable alternative for medical facilities, clinics, and even isolated locations as compared to fixed ultrasound equipment.
Further driving the need for more readily available and reasonably priced diagnostic instruments are the aging population and the rising incidence of chronic diseases.
Potential business opportunities are present in the growing applications, including telemedicine, home healthcare, and point-of-care diagnostics.
Improvements in image quality, automated analysis, and remote diagnosis are also being made possible by the fusion of cutting-edge technologies like cloud computing and artificial intelligence.
Further augmenting these devices' portability and versatility is the trend toward downsizing and wireless communication.
Real-time imaging has become popular recently, and it gives doctors instant feedback during surgeries while also increasing the accuracy of their diagnoses.
A growing number of people are using small, portable gadgets that are made especially for uses, such eye exams or wound assessment.
The demand for portable ultrasound devices that patients may readily use for self-monitoring and at-home healthcare is also anticipated to increase due to the increased emphasis on customized medicine and patient-centric care.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Portable Ultrasound Market Drivers
Technological Advancements
Advancements in technology have been a major driver of growth in the Portable Ultrasound Market. The introduction of new and innovative technologies, such as 3D and 4D ultrasound, has made portable ultrasound systems more versatile and accurate, enabling them to be used for a wider range of applications.
For instance, 3D and 4D ultrasound can be used to create more detailed images of the fetus during pregnancy, which can help to identify potential abnormalities.
Additionally, the development of smaller and more portable ultrasound systems has made them more convenient and accessible for use in a variety of settings, such as remote areas and clinics with limited space.
These technological advancements have expanded the range of applications for portable ultrasound systems and made them more attractive to healthcare providers.
Furthermore, the integration of artificial intelligence (AI) and machine learning algorithms into portable ultrasound systems is further enhancing their capabilities.
AI algorithms can be used to analyze ultrasound images and provide real-time guidance to healthcare providers, helping them to make more accurate diagnoses and treatment decisions.
These advancements are expected to continue to drive the growth of the Portable Ultrasound Market in the coming years.
Increasing Demand for Point-of-Care Diagnostics
The growing demand for point-of-care (POC) diagnostics is another major factor driving the growth of the Portable Ultrasound Market. POC diagnostics involves performing diagnostic tests at or near the site of patient care rather than in a traditional laboratory setting.
Portable ultrasound systems are well-suited for POC diagnostics due to their portability, ease of use, and ability to provide real-time imaging. This makes them ideal for use in a variety of settings, such as emergency departments, clinics, and remote areas where access to traditional laboratory testing may be limited.
The increasing prevalence of chronic diseases, such as cardiovascular disease and cancer, is fueling the demand for POC diagnostics, as these conditions often require frequent monitoring and timely intervention.
Portable ultrasound systems can be used to perform a wide range of POC diagnostic tests, including cardiac imaging, abdominal imaging, and vascular imaging.
This allows healthcare providers to make rapid and informed decisions about patient care, improving patient outcomes and reducing the need for invasive procedures and hospitalizations.
Aging Population
The aging population is another factor that is expected to have a significant impact on the Portable Ultrasound Market. As people get older, the number of chronic and age-related diseases increases.
Therefore, demand for diagnostic imaging and ultrasound services is also projected to increase. Owing to their advanced features, portable ultrasound systems can be more comfortable and less invasive for older patients than traditional systems.
Overall, the demand for portable ultrasound systems is expected to grow as they can be used to diagnose various age-related conditions, including osteoporosis, dementia, and sarcopenia.
Portable Ultrasound Market Segment Insights
Portable Ultrasound Market Product Type Insights
In terms of the Portable Ultrasound Market segmentation by product type, the cart-based ultrasound systems segment holds the preponderance of revenue value.
The Portable Ultrasound Market revenue recorded for cart-based ultrasound systems is anticipated to be valued at USD 3.88 billion by 2023, whereas the revenue value for handheld/pocket-sized ultrasound devices or systems refers to a value of USD 0.88 billion.
The market growth for cart-based ultrasound systems is predominantly driven by their sophisticated features, such as high-quality imaging, extreme portability and cognitive ease.
Cart-based ultrasound systems are typically employed at hospitals, clinics and diagnostic centers for pulse fields, including abdominal imaging, breast imaging, entrepreneurial imaging and other clinical mentions.
Mobility and versatile applications are expected to set the tone for good in the ultrasound market, such that the handheld/pocket-sized ultrasound devices/systems segment will experience substantial market growth in the forthcoming years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Portable Ultrasound Market Application Insights
The Portable Ultrasound Market segmentation by Application into Obstetrics/Gynecology, Cardiology and Vascular, Abdominal and Gastrointestinal, Musculoskeletal, Urology and Nephrology offers valuable insights for industry stakeholders.
In 2023, Obstetrics/Gynecology held the largest revenue share of around 35%, driven by the increasing prevalence of obstetric and gynecological disorders, as well as the growing adoption of portable ultrasound for prenatal care and minimally invasive procedures.
Cardiology and Vascular followed with a revenue share of approximately 28%, owing to the rising incidence of cardiovascular diseases and the need for accurate and timely diagnosis.
Abdominal and Gastrointestinal accounted for a revenue share of around 22%, fueled by the increasing demand for portable ultrasound in abdominal imaging, liver and gallbladder assessment, and gastrointestinal tract visualization.
Musculoskeletal held a revenue share of around 10%, attributed to the growing prevalence of musculoskeletal disorders and the use of portable ultrasound for muscle, tendon, and joint imaging.
Urology and Nephrology accounted for the remaining revenue share of around 5%, supported by the increasing demand for portable ultrasound in urological and nephrological procedures.
Portable Ultrasound Market End-User Setting Insights
The Portable Ultrasound Market is segmented by end-user setting into hospitals, clinics, ambulatory surgical centers, and home healthcare. Hospitals accounted for the largest share of the market in 2023, and this trend is expected to continue through 2032.
The growth in this segment can be attributed to the increasing number of hospital admissions, the growing demand for minimally invasive procedures, and the increasing adoption of advanced portable ultrasound systems.
Clinics are expected to be the fastest-growing segment over the forecast period due to the rising number of outpatient procedures and the increasing demand for point-of-care ultrasound systems.
Ambulatory surgical centers are also expected to witness significant growth, driven by the increasing number of same-day surgeries and the growing popularity of outpatient imaging services.
Home healthcare is expected to be the smallest segment, but it is expected to grow at a steady pace over the forecast period due to the increasing number of home-based care services and the growing demand for portable ultrasound systems for home monitoring.
Portable Ultrasound Market Image Technology Insights
The Portable Ultrasound Market is segmented by Image Technology into 2D Ultrasound, 3D/4D Ultrasound, and Doppler Imaging. Among these, the 2D Ultrasound segment held the largest market share in 2023, accounting for over 50% of the Portable Ultrasound Market revenue.
This dominance is attributed to its affordability, widespread availability, and ease of use. The 3D/4D Ultrasound segment is expected to witness significant growth during the forecast period, owing to its ability to provide more detailed and accurate images.
The Doppler Imaging segment is also anticipated to exhibit substantial growth, driven by its increasing adoption in vascular imaging and fetal monitoring applications.
Portable Ultrasound Market Probe Type Insights
Probe type is a key segmentation factor in the portable ultrasound market, as different types of probes serve specific clinical applications. Linear Probes: Linear probes are widely used in superficial imaging applications such as musculoskeletal, vascular, and breast imaging.
They offer high-resolution images with excellent tissue penetration, making them suitable for examining tendons, ligaments, muscles, and blood vessels. The Portable Ultrasound Market revenue for linear probes is estimated to reach USD 1.2 billion by 2024, growing at a CAGR of 9.8%.
Convex probes are commonly employed in abdominal and cardiac imaging, providing a wider field of view compared to linear probes. They are ideal for visualizing organs such as the liver, gallbladder, and heart.
The Portable Ultrasound Market segmentation for convex probes is expected to account for USD 1 billion in 2024, expanding at a CAGR of 9.5%.
Phased array probes utilize multiple transducer elements to electronically steer and focus the ultrasound beam, enabling real-time imaging of dynamic structures.
They are commonly used in cardiac and vascular imaging, as well as in fetal and obstetric applications. The Portable Ultrasound Market data for phased array probes is projected to reach USD 750 million by 2024, growing at a CAGR of 9.3%.
Rectal/transvaginal probes are specifically designed for imaging the rectum, prostate, and female reproductive organs. They provide high-resolution images in limited space applications.
The Portable Ultrasound Market statistics for rectal/transvaginal probes are estimated to reach USD 600 million by 2024, expanding at a CAGR of 9%.
Overall, the choice of probe type depends on the specific clinical application and the desired level of image quality and penetration.
Each type of probe offers unique advantages and caters to different imaging needs in the Portable Ultrasound Market, driving market growth and innovation.
Portable Ultrasound Market Regional Insights
The Portable Ultrasound Market is segmented into North America, Europe, APAC, South America, and MEA. North America holds the largest market share due to the high adoption of advanced healthcare technologies and the presence of major market players.
Europe is the second-largest market, followed by APAC, which is expected to witness significant growth in the coming years due to the increasing healthcare expenditure and the rising prevalence of chronic diseases.
The market is driven by the increasing demand for portable ultrasound devices in various clinical settings, such as emergency medicine, critical care, and point-of-care diagnostics.
The growing geriatric population and the rising prevalence of chronic diseases are also contributing to the market growth.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Portable Ultrasound Market Key Players and Competitive Insights
The increased demand for portable ultrasound devices offers impetus to major players in the Portable Ultrasound Market. Industry participants are focusing on innovating new products and fortifying their presence worldwide.
The industry is experiencing strategic collaborations, acquisitions, and mergers, along with partnerships and product launches.
Major players in the Portable Ultrasound Market are concentrating on investment in research and development and product launch with a focus on launching new portable ultrasound devices having advanced features and better results to enhance the efficiency and accuracy of results.
The competition landscape is evenly balanced with enough players offering portable ultrasound devices. Main players include both established players as well as start-up companies and level of competition in Portable Ultrasound Market is high which is likely to shape the prospects of the industry.
General Electric is a major player in the Portable Ultrasound Market. It offers a wide variety of devices for different applications along with point of care and cardiovascular applications. Its devices are considered to have a good image quality along with portability with an intrinsically built high class user interface for ease of use.
General Electric has a good distribution network worldwide and helps its customers to understand the need and find the right solutions in no time. GE invests a considerable amount of its revenue in R to hold its leading position and satisfy its customers by adding newer products to its portfolio.
Sonosite, a Fujifilm company, is a competitive player in the Portable Ultrasound Market. Sonosite offers fully integrated medical systems along with high class veterinary systems for multiple applications including point of care, emergency medicine and critical care.
Its devices are known for their right height and weight, which are known to provide ergonomic solutions for various applications of ultrasound. Sonosite also invests a considerable amount of its revenue in R and is known for its cutting-edge imaging technology. It has a worldwide presence including partnerships and acquisitions.
Key Companies in the Portable Ultrasound Market Include
- Philips Healthcare
- Siemens Healthcare
- Canon Medical Systems
- Esaote
- GE Healthcare
- Hitachi Medical Systems
- Samsung Medison
- Edan Instruments
- Shenzhen Mindray BioMedical Electronics
- iU2 Imaging
- Zonare Medical Systems
- Fujifilm SonoSite
- Chison Medical Imaging
- Mindray
- Alpinion Medical Systems
Portable Ultrasound Market Developments
The increasing prevalence of chronic diseases, technological advancements, rising demand for point-of-care diagnostics, and growing geriatric population drive market growth.
The market witnessed significant growth in 2023 due to the COVID-19 pandemic, which highlighted the need for portable ultrasound devices for remote patient monitoring and triage.
Key industry players are focusing on product innovation and strategic collaborations to expand their market presence.
Portable Ultrasound Market Segmentation Insights
Portable Ultrasound Market Product Type Outlook
- Handheld/Pocket-Sized Ultrasound Devices
- Cart-Based Ultrasound Systems
Portable Ultrasound Market Application Outlook
- Obstetrics/Gynecology
- Cardiology and Vascular
- Abdominal and Gastrointestinal
- Musculoskeletal
- Urology and Nephrology
Portable Ultrasound Market End-User Setting Outlook
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Home Healthcare
Portable Ultrasound Market Image Technology Outlook
- 2D Ultrasound
- 3D/4D Ultrasound
- Doppler Imaging
Portable Ultrasound Market Probe Type Outlook
- Linear Probes
- Convex Probes
- Phased Array Probes
- Rectal/Transvaginal Probes
Portable Ultrasound Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
3.55(USD Billion) |
| Market Size 2023 |
3.88(USD Billion) |
| Market Size 2032 |
8.8(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
9.51% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Philips Healthcare, Siemens Healthcare, Canon Medical Systems, Esaote, GE Healthcare, Hitachi Medical Systems, Samsung Medison, Edan Instruments, Shenzhen Mindray BioMedical Electronics, iU2 Imaging, Zonare Medical Systems, Fujifilm SonoSite, Chison Medical Imaging, Mindray, Alpinion Medical Systems |
| Segments Covered |
Product Type, Application, End-User Setting, Image Technology, Probe Type, Regional |
| Key Market Opportunities |
1 Increased demand for point-of-care diagnostics 2 Growing prevalence of chronic diseases 3 Technological advancements in ultrasound devices 4 Rising healthcare expenditure in emerging markets 5 Government initiatives to improve healthcare access |
| Key Market Dynamics |
Rising demand for point-of-care ultrasound Technological advancements in miniaturization and portability Increasing prevalence of chronic diseases Growing geriatric population Expanding applications in emergency medicine |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Portable Ultrasound Market was valued at USD 3.88 billion in 2023 and is expected to reach USD 8.8 billion by 2032, exhibiting a CAGR of 9.51% during the forecast period.
North America is expected to dominate the portable ultrasound market throughout the forecast period. The presence of key market players, advanced healthcare infrastructure, and high adoption of advanced technologies contribute to the region's dominance.
Key competitors in the portable ultrasound market include GE Healthcare, Siemens Healthineers, Philips Healthcare, Hitachi Medical Systems, Fujifilm SonoSite, and Samsung Medison.
Portable ultrasound devices are widely used in various applications, including abdominal imaging, cardiac imaging, obstetrics and gynecology, vascular imaging, and point-of-care diagnostics.
The growth of the portable ultrasound market is attributed to factors such as the increasing prevalence of chronic diseases, technological advancements, rising demand for point-of-care diagnostics, and the expansion of the geriatric population.
Key trends in the portable ultrasound market include the integration of artificial intelligence (AI), miniaturization of devices, and the development of wireless and handheld systems.
The COVID-19 pandemic has had a positive impact on the portable ultrasound market due to increased demand for remote patient monitoring and point-of-care diagnostics.
The regulatory landscape for portable ultrasound devices varies across different countries. Regulatory bodies, such as the FDA in the US and the CE in Europe, have established guidelines for the manufacturing, distribution, and use of these devices.
Challenges faced by the portable ultrasound market include the high cost of devices, limited reimbursement policies, and the need for skilled professionals to operate the equipment.
The future of the portable ultrasound market is promising, with continued technological advancements and increasing adoption in various healthcare settings. The integration of AI and the development of compact and cost-effective devices are expected to drive market growth in the coming years.
