Portable Ultrasound – Market Opportunity Assessment and Trend Forecast by Technavio

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According to the latest market research study by Technavio, the global portable ultrasound market is expected to grow at a CAGR of over 9% during the forecast period 2017 to 2021.

This report by Technavio provides an in-depth analysis of the global portable ultrasound market regarding revenue and emerging market trends. The report also includes a market overview and forecasts for numerous market segments and all geographical regions.

Technavio research analysts categorize the market based on the end-user

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Portable ultrasound market in the hospital sector: The extensive use of portable ultrasound equipment, especially cart-/trolley-based ultrasound systems will fuel the growth of these machines in the global market. Various leading hospitals prefer these devices as it can be easily moved between various departments within a hospital, such as between intensive care units and operation theaters. The portable ultrasound devices have very high applications primarily in small and medium-sized hospitals.

The hospitals are entering annual maintenance contract with third party vendors for their servicing needs. The vendors in the global market are focusing on launching latest ultrasound diagnostic and therapeutic techniques to entice more consumers and increase their profitability. Furthermore, the increasing use of technological advancements will help the vendors introduce cost-effective devices that can be used in various government hospitals,” says Barath Palada, a lead analyst at Technavio for research on medical imaging.

Portable ultrasound market in the diagnostic sector: The growing volume of diagnostic ultrasound imaging systems in the diagnostic centers will fuel the growth of this market segment. Various diagnostic centers are collaborating with many hospitals to provide cost-effective, on-time ultrasound imaging results to improve patient care. These centers conduct tests using latest advanced equipment, which helps reduce medical expenses and minimize the duration of result delivery. Moreover, the vendors are introducing equipment like the 3D, 4D, and 5D ultrasound equipment in the global market to attract more consumers.

Portable ultrasound market in the home care sector: The increasing awareness about handheld ultrasound devices is helping in the growth of the home care sector in the global market. These devices are particularly helpful for older adults and those with mobility issues who cannot frequently travel to hospitals. The vendors are introducing smaller devices with easy operations to increase the adoption of these devices.

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The top vendors operating in the global portable ultrasound market are:

  • FUJIFILM SonoSite 
  • GE Healthcare
  • Philips Healthcare
  • Siemens Healthcare

The other prominent vendors in the market include Accutome, Alpinion Medical Systems, Shenzhen Bestman Instrument, BenQ Medical Technology, BMV Technology, Boston Scientific, Cephasonics, CHISON, Clarius Mobile Health, ContextVision, Ecare, Esaote, GlobalMed, Guangzhou Yueshen Medical Equipment, Hitachi Aloka Medical America, Jiangsu TONGREN Medical Electronic Technology, MedGyn, Mindray Medical, Mobisante, Samsung Medison, Signostics, Sonocare, Abbott Medical, TeleMed, Toshiba Medical Systems, Trivitron Healthcare, Wuhan Tianyi Electronic, Zhuhai Carelife Medical Technology, and Zoncare.

A more detailed analysis is available in the Technavio report named, ‘Global Portable Ultrasound Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.

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