Portable Ultrasound Market Size, Trends, and Forecast 2024-2032
The Portable Ultrasound Market was valued at USD 3.67 billion in 2023 and is projected to reach USD 6.39 billion by 2031, growing at a CAGR of 7.13% during the forecast period 2024-2031. The increasing demand for point-of-care diagnostics and advancements in imaging technology are driving growth in the portable ultrasound market size, as healthcare systems across the globe prioritize accessibility and mobility in diagnostic equipment.
The growing preference for compact, easy-to-use, and cost-effective diagnostic solutions is influencing the adoption of portable ultrasound devices across hospitals, clinics, and remote care facilities. These devices are becoming essential tools for emergency medicine, cardiovascular care, musculoskeletal assessments, and obstetrics, offering real-time imaging in both urban and rural settings. The rising geriatric population, coupled with increasing incidences of chronic diseases, is further accelerating the demand for portable ultrasound solutions.
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Key Players:
Key Service Providers/Manufacturers
- GE Healthcare (Vscan Air, Logiq e)
- Philips Healthcare (Lumify, CX50)
- Siemens Healthineers (Acuson P500, Acuson Freestyle)
- Canon Medical Systems (Xario 100G, Viamo sv7)
- Samsung Medison (HM70A, MySono U6)
- Mindray Medical International (M8 Elite, Z60)
- Fujifilm SonoSite (Edge II, iViz)
- Esaote (MyLab X5, MyLab Omega)
- Clarius Mobile Health (Clarius HD3, Clarius PA HD)
- Butterfly Network, Inc. (Butterfly iQ+, Butterfly iQ2)
Key Points:
- Market Valuation: Expected to grow from USD 3.67 billion in 2023 to USD 6.39 billion by 2031.
- CAGR: Projected compound annual growth rate of 7.13% from 2024 to 2031.
- Key Drivers: Increased demand for point-of-care testing, advancements in AI-integrated imaging technologies, and growing applications across multiple medical fields.
- End-Use Expansion: Rising adoption in home healthcare and emergency response units.
- Technology Innovations: Growth in wireless and handheld ultrasound devices.
- Geographical Insights: North America holds a significant market share, while Asia-Pacific is poised for rapid growth due to improving healthcare infrastructure.
Future Scope:
The future of the portable ultrasound market lies in the continued integration of artificial intelligence and wireless technologies, which will enhance diagnostic precision and user experience. Increasing government support for rural healthcare, telemedicine, and home-based monitoring systems will further drive market expansion. Additionally, the miniaturization of ultrasound devices and cloud-based data management solutions are expected to create new opportunities for both manufacturers and healthcare providers.
Conclusion:
As healthcare systems evolve to become more decentralized and patient-centric, the portable ultrasound market is poised to play a critical role in bridging the diagnostic gap across various settings. With strong growth projections and technological innovations on the horizon, the market is well-positioned to meet the growing global demand for efficient, accessible, and reliable imaging solutions.
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