Portable ultrasound bladder scanners are used to visualize urinary bladder and determine residual urine volume after voiding. It has advantages over catheterization as it is non-invasive and provides real-time imaging of the bladder. These scanners are used to diagnose urinary retention in hospitals, clinics, nursing homes etc.
The global Portable Ultrasound Bladder Scanner Market is estimated to be valued at US$ 163.82 Mn in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
An increase in the average age of vehicles globally has resulted in higher demand for repairs and replacement parts. As per research, the average age of light vehicles in operation in the U.S. increased from 11.4 years in 2019 to 11.9 years in 2021. Similarly, in the UK the average age of vehicles rose from 8.4 years in 2010 to 8.9 years in 2020. With aging vehicles requiring frequent repairs and maintenance, the demand for spare parts such as bladder scanners is growing. This rising average age of vehicles is a major trend propelling the growth of the portable ultrasound bladder scanner market.
SWOT Analysis
Strength: Portable bladder scanners are compact, lightweight and portable which allows easy handling and use in ambulatory settings.
Weakness: High cost of these devices limits their adoption in low and middle-income countries.
Opportunity: Growing geriatric population suffering from urinary incontinence and rising number of surgical procedures performed boost the demand.
Threats: Presence of alternative diagnostic methods like ultrasound and limit reimbursement for these devices in certain regions.
Key Takeaways
The Global Portable Ultrasound Bladder Scanner Market Demand is expected to witness high growth. The global Portable Ultrasound Bladder Scanner Market is estimated to be valued at US$ 163.82 Mn in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period 2024 to 2031.
North America accounts for the largest share of the portable bladder scanner market owing to growing adoption of innovative technologies, presence of major players, and increasing healthcare expenditure. The Asia Pacific region is expected to grow at the fastest pace during the forecast period due to rising disposable income, increasing awareness about hygiene related disorders, and improving healthcare infrastructure.
Key players operating in the Portable Ultrasound Bladder Scanner Market are Anthropic, Verathon, Caresono, LABORIE, Vitacon, DBMEDx, Meike, Sonostar Technologies, and SND Corporation. Major players are focusing on new product launches, partnerships, regional expansion and adopting inorganic growth strategies like mergers and acquisitions to gain a competitive edge in the market.
For more details on the report, Read- https://www.pressreleasebulletin.com/portable-ultrasound-bladder-scanner-market-demand-share-analysis/
Get more insights on this topic: https://techaxen.com/medicine-testing-services-in-the-us-ensuring-product-safety-and-compliance/
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