Portable Ultrasound Equipment Market (By Product Type: Mobile Ultrasound Equipment, Handheld Ultrasound Equipment; By Application: Hospital, Clinic, Home Care) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook 2021 – 2030

Published Date : Aug 2021 | No. of Pages : 150+ Pages | Category : Machinery and Equipment

The Portable Ultrasound Equipment market size is expected to reach US$ 10.3 billion by 2030, at a CAGR of 4.5% during the forecast period 2021 to 2030.

Portable Ultrasound Equipment refers to the device use the ultrasound technology, which is a kind of medical ultrasound devices with portable superiority comparing with general big ultrasound devices in the hospital.

Portable Ultrasound Equipment are often moved from one procedure area to another. This system enables clinicians to provide patient care in a wide range of clinical environments. At present, Portable Ultrasound Equipment industry is generally at a more advanced level in the foreign technology. Meanwhile, foreign companies have more mature technology, strong R & D capability, technical level is in a leading position. But foreign companies’ manufacturing cost is relatively high, compared with china’s companies. The manufacturing cost is competitive disadvantage, as the Chinese Portable Ultrasound Equipment production enterprise technology continues to improve, their share in the international market is increasing, competitiveness in the international market gradually increasing.

Major Factors:

  • Increasing prevalence of chronic diseases that need imaging diagnosis.
  • Compact size and cost efficiency of the device is expected to increase the Portable Ultrasound Devices Market
  • Surge in need for ambulatory and remote patient care infrastructure is also expected to provide lucrative growth opportunities.

TRENDS INFLUENCING THE GROWTH OF PORTABLE ULTRASOUND DEVICE MARKET 

  • Increasing prevalence of chronic diseases such as kidney cancer, inflammatory disease, liver diseases, etc. Portable Ultrasound devices create images of soft tissue structures, such as the gallbladder, liver, kidneys, pancreas, bladder, and other organs using which doctors can identify the anomaly.
  • Due to its compact size, Portable Ultrasound Devices can be moved from room to room enabling practitioners to diagnose to bed ridden and severely ill patients without impacting quality. This feature is expected to increase portable ultrasound device adoption.
  • The affordability of portable ultrasound machines makes it feasible for physicians, general practitioners, and specialists to purchase separate equipment for each clinic or practice, eliminating the need to move it from one facility to another. This in turn is expected to increase the portable ultrasound market size.
  • Increase in emergency cases emphasis the need of ambulatory services across developing as well as developed countries. This in turn fuels the demand for portable ultrasound devices, which is leading to the growth of the market.
  • The strict government regulations, not having enough well trained and skilled personnel(sonographer or radiologist) is expected to hinder the market.

Report Highlights

  • Based on device type, the Mobile ultrasound devices segment is anticipated to account for the largest share of the ultrasound market. It is expected to have quick growth during the analysis period. Factors like hiking demand for ambulatory, obtaining attraction in the developed regions, and increasing popularity are leveling up the demand of this segment.
  • Based on the end-users, the hospital's segment is projected to hold the largest share during the forecasting framework. Factors like rising importance for out-patient surgery and the existence of high-end infrastructure are propelling the market demand. The availability of highly efficient and skilled professionals in the medical field also impels market growth. Diagnostic centers segment to have the fastest growth over the period.
  • North America currently dominates the portable ultrasound devices market and is expected to continue its stronghold for a few more years. This can be majorly attributed due to advanced health infrastructure, increasing prevalence of diseases and infections, growing emphasis on the development of innovative products, and rising number of regional companies manufacturing portable ultrasound devices. 
  • The Asia Pacific region is also expected to grow at a high CAGR on account of improving health care infrastructure, rising disposable incomes, and public growing awareness levels.

The major vendors covered:

GE

Philips

Siemens

Fujifilm

Toshiba

Samsung

Hitachi

Mindray Medical

Boston Scientific

BenQ Medical

Chison

Ecare

Esaote

Telemed

Zoncare

MedGyn

Segmentation

Segment by Type

  • Mobile Ultrasound Equipment
  • Handheld Ultrasound Equipment

Segment by Application

  • Hospital
  • Clinic
  • Home Care

Geographic Segmentation

The report offers exhaustive assessment of different region-wise and country-wise Portable Ultrasound Equipment markets such as the U.S., Canada, Germany, France, the U.K., Italy, Russia, China, Japan, South Korea, Taiwan, India, the Philippines, Malaysia, Thailand, Indonesia, Vietnam Australia, Mexico, Brazil, Saudi Arabia, the UAE and Turkey etc. Key regions covered in the report are North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.

In this study, the years considered to estimate the market size of Portable Ultrasound Equipment are as follows:

  • History Year: 2017-2020
  • Base Year: 2021
  • Estimated Year: 2021
  • Forecast Year 2021 to 2030

In terms of production side, this report researches the Portable Ultrasound Equipment capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Portable Ultrasound Equipment by regions (countries) and application.

The Portable Ultrasound Equipment market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Portable Ultrasound Equipment market for the base year 2018 and the forecast between 2019 and 2026. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Portable Ultrasound Equipment market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Portable Ultrasound Equipment market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Portable Ultrasound Equipment market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Portable Ultrasound Equipment market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Portable Ultrasound Equipment market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Portable Ultrasound Equipment industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Portable Ultrasound Equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Portable Ultrasound Equipment market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Portable Ultrasound Equipment market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Portable Ultrasound Equipment market. These factors have benefited the growth of the global market for Portable Ultrasound Equipment. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Portable Ultrasound Equipment. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

Primary research represents a bulk of research efforts, supplemented by extensive secondary research. Annual reports, press releases, and relevant documents of key players operating in various application areas have been reviewed for competition analysis and market understanding.

Secondary research also includes recent trends, technical writing, Internet sources, and statistical data from government websites, trade associations, and agencies. These have proved to be reliable, effective, and successful approaches for obtaining precise market data, capturing market participants’ insights, and recognizing business opportunities.

The study objectives of this report are: 

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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