Portable Ultrasound Devices Market Size (2024 - 2029)

The Portable Ultrasound Devices Market is experiencing growth due to the expanding range of applications and technological advancements in the field. These devices are increasingly utilized in areas such as emergency and critical care medicine, providing essential ultrasound access in space-constrained environments. Their application spans various medical specialties, including cardiology, radiology, endocrinology, and gynecology. The rising demand for ambulatory services in both developing and developed nations is further driving the market's expansion.

Market Size of Portable Ultrasound Devices Industry

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:
Portable Ultrasound Devices Market Summary
Study Period 2019 - 2029
Market Size (2024) USD 2.86 Billion
Market Size (2029) USD 3.87 Billion
CAGR (2024 - 2029) 6.23 %
Fastest Growing Market North America
Largest Market North America

Major Players

Portable Ultrasound Devices Market Major Players

*Disclaimer: Major Players sorted in no particular order

Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License

$4750

Team License

$5250

Corporate License

$8750

Book before:

Portable Ultrasound Devices Market Analysis

The Portable Ultrasound Devices Market size is estimated at USD 2.86 billion in 2024, and is expected to reach USD 3.87 billion by 2029, growing at a CAGR of 6.23% during the forecast period (2024-2029).

The major factors that are responsible for the growth of the portable ultrasound devices market includes the increasing spectrum of applications of the portable ultrasound, increasing advancements in technology, and the growing prevalence of chronic diseases.

The introduction of portable ultrasound devices has a variety of applications in many emerging fields, like emergency medicine, critical care medicine, and musculoskeletal. Portable ultrasound devices are used for easy access to ultrasound when limited space is there. Currently, these devices are being used in the major areas of diseases, such as cardiology, radiology endocrinology and gynecology. Since there is a rising need of ambulatory services across developing as well as developed countries, the demand for portable ultrasound devices is increasing, which is leading to the growth of the market.

Portable Ultrasound Devices Industry Segmentation

As per the scope of the market, portable ultrasound devices are small systems compared to traditional ultrasound systems. These devices are lightweight and easy to handle.

By Type of Device
Mobile Ultrasound Device
Handheld Ultrasound Device
By Application
Gynecology
Cardiovascular
Urology
Musculoskeletal
Anesthesiology
Others
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
South America
Brazil
Argentina
Rest of South America
Need A Different Region Or Segment?
Customize Now

Portable Ultrasound Devices Market Size Summary

The portable ultrasound devices market is poised for significant growth, driven by the expanding range of applications and technological advancements in the field. These devices are increasingly utilized in areas such as emergency medicine, critical care, and musculoskeletal applications, providing essential ultrasound access in space-constrained environments. The demand for portable ultrasound devices is particularly strong in cardiology, radiology, endocrinology, and gynecology, fueled by the rising need for ambulatory services globally. The mobile ultrasound segment is expected to experience the fastest growth, especially in developing regions, due to its effectiveness in delivering mobile care. This trend is mirrored in both developed and developing countries, where the demand for these devices continues to rise.

North America currently leads the portable ultrasound devices market, supported by advanced healthcare infrastructure, a high prevalence of diseases, and a focus on innovative product development. The region's dominance is further bolstered by a growing number of local manufacturers. Meanwhile, the Asia Pacific region is anticipated to grow rapidly, driven by improvements in healthcare infrastructure, increasing disposable incomes, and heightened public awareness. The market is moderately competitive, with major players like Fukuda Denshi, Hitachi Ltd, Koninklijke Philips NV, Canon Medical Systems Corporation, and Siemens Healthineers holding significant shares. However, the market is also seeing the entry of smaller players capitalizing on the rising demand for mobile health solutions and advancements in ultrasonography.

Explore More

Portable Ultrasound Devices Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Increasing Spectrum of Applications of Portable Ultrasound

      2. 1.2.2 Rising Advancements in Technology

      3. 1.2.3 Increasing Prevalence of Chronic Diseases

    3. 1.3 Market Restraints

      1. 1.3.1 High Cost of Portable Ultrasound Systems

      2. 1.3.2 Lack of Dedicated Training Programs by Companies

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers/Consumers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type of Device

      1. 2.1.1 Mobile Ultrasound Device

      2. 2.1.2 Handheld Ultrasound Device

    2. 2.2 By Application

      1. 2.2.1 Gynecology

      2. 2.2.2 Cardiovascular

      3. 2.2.3 Urology

      4. 2.2.4 Musculoskeletal

      5. 2.2.5 Anesthesiology

      6. 2.2.6 Others

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Mexico

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Italy

        5. 2.3.2.5 Spain

        6. 2.3.2.6 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 Japan

        3. 2.3.3.3 India

        4. 2.3.3.4 Australia

        5. 2.3.3.5 South Korea

        6. 2.3.3.6 Rest of Asia-Pacific

      4. 2.3.4 Middle East & Africa

        1. 2.3.4.1 GCC

        2. 2.3.4.2 South Africa

        3. 2.3.4.3 Rest of Middle East & Africa

      5. 2.3.5 South America

        1. 2.3.5.1 Brazil

        2. 2.3.5.2 Argentina

        3. 2.3.5.3 Rest of South America

Portable Ultrasound Devices Market Size FAQs

The Portable Ultrasound Devices Market size is expected to reach USD 2.86 billion in 2024 and grow at a CAGR of 6.23% to reach USD 3.87 billion by 2029.

In 2024, the Portable Ultrasound Devices Market size is expected to reach USD 2.86 billion.

Portable Ultrasound Device Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)