Market Size of Portable Ultrasound Devices Industry
| 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
*Disclaimer: Major Players sorted in no particular order |
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 | ||||||||
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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.
Portable Ultrasound Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing Spectrum of Applications of Portable Ultrasound
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1.2.2 Rising Advancements in Technology
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1.2.3 Increasing Prevalence of Chronic Diseases
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1.3 Market Restraints
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1.3.1 High Cost of Portable Ultrasound Systems
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1.3.2 Lack of Dedicated Training Programs by Companies
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type of Device
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2.1.1 Mobile Ultrasound Device
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2.1.2 Handheld Ultrasound Device
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2.2 By Application
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2.2.1 Gynecology
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2.2.2 Cardiovascular
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2.2.3 Urology
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2.2.4 Musculoskeletal
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2.2.5 Anesthesiology
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2.2.6 Others
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Italy
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2.3.2.5 Spain
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2.3.2.6 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 India
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2.3.3.4 Australia
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2.3.3.5 South Korea
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2.3.3.6 Rest of Asia-Pacific
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2.3.4 Middle East & Africa
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2.3.4.1 GCC
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2.3.4.2 South Africa
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2.3.4.3 Rest of Middle East & Africa
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2.3.5 South America
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2.3.5.1 Brazil
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2.3.5.2 Argentina
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2.3.5.3 Rest of South America
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Portable Ultrasound Devices Market Size FAQs
How big is the Portable Ultrasound Devices Market?
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.
What is the current Portable Ultrasound Devices Market size?
In 2024, the Portable Ultrasound Devices Market size is expected to reach USD 2.86 billion.
